How Much Is Car Insurance in Oregon? (October 2024)


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Updated: October 3, 2024

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Oregon drivers pay an average of $1,376 annually for full coverage car insurance, while minimum coverage costs around $793.

Your premium depends on age, preferred coverage level, location, driving record and credit history. Understanding these factors helps you find a policy that fits your budget and needs.

Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Oregon Division of Financial Regulation to get the most precise average costs for various Oregon drivers.

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These rates reflect the average cost of car insurance in Oregon as of October 2024.

51,654Quotes Analyzed
 
13Companies Compared
 
47ZIP Codes

Average Car Insurance Costs in Oregon

Oregon's average full coverage car insurance costs about $1,376 annually or $115 monthly. Knowing these averages helps you gauge whether you're getting a competitive rate. You can find affordable rates by comparing quotes.

The table below outlines typical costs for minimum and full coverages, showing what you might pay monthly or annually.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,376Average Monthly Premium$115
100/300/100 Liability OnlyAverage Annual Premium$991Average Monthly Premium$83
State Minimum Liability OnlyAverage Annual Premium$793Average Monthly Premium$66

Why Are Car Insurance Rates Moderate in Oregon?

In Oregon, a full coverage policy with a $1,000 deductible costs about $1,376 per year ($115 per month), while minimum coverage averages $793 annually ($66 per month). These rates are slightly higher than the national averages, where full coverage costs $1,337 per year ($111 per month) and minimum coverage is $619 annually ($52 per month).

State laws, weather, road conditions, uninsured drivers, and repair and health care costs influence Oregon's insurance costs. Your driving record and car type also impact rates.

Average Car Insurance Costs in Oregon by Company

For Oregon drivers seeking the cheapest full coverage, Kemper offers an annual premium of roughly $776. Dairyland has the most expensive full coverage at an average of $3,281 annually.

Finding the cheapest car insurance in Oregon saves money. Compare quotes across providers to secure a policy that provides the necessary coverage at an affordable price.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
KemperAnnual Premium$776Monthly Premium$65
TravelersAnnual Premium$963Monthly Premium$80
American FamilyAnnual Premium$969Monthly Premium$81
Capital Insurance GroupAnnual Premium$1,042Monthly Premium$87
NationwideAnnual Premium$1,136Monthly Premium$95
ProgressiveAnnual Premium$1,173Monthly Premium$98
State FarmAnnual Premium$1,208Monthly Premium$101
Country FinancialAnnual Premium$1,241Monthly Premium$103
GEICOAnnual Premium$1,264Monthly Premium$105
FarmersAnnual Premium$1,325Monthly Premium$110
AllstateAnnual Premium$2,128Monthly Premium$177
DairylandAnnual Premium$3,281Monthly Premium$273
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Average Car Insurance Costs in Oregon by Coverage Level

Car insurance costs in Oregon vary with coverage levels. Minimum coverage averages about $66 per month, while full coverage with a $1,000 deductible costs around $115 monthly. Despite the higher cost, full coverage insurance is generally recommended for its broader protection.

Adding comprehensive and collision coverage increases your premium, but opting for higher deductibles can help manage this cost. The deductible is the amount you pay out of pocket per claim before your insurance starts covering expenses.

State Minimum Liability OnlyAverage Annual Premium$793Average Monthly Premium$66
100/300/100 Liability OnlyAverage Annual Premium$991Average Monthly Premium$83
300/500/300 Liability OnlyAverage Annual Premium$1,164Average Monthly Premium$97
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$1,251Average Monthly Premium$104
State Minimum Liability w/ Full Cov. w/$500 Ded.Average Annual Premium$1,269Average Monthly Premium$106
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$1,305Average Monthly Premium$109
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,376Average Monthly Premium$115
100/300/1000,000 - 500 comp_collAverage Annual Premium$1,393Average Monthly Premium$116
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$1,429Average Monthly Premium$119
300/500/300 Full Cov. w/$1,000 DedAverage Annual Premium$1,450Average Monthly Premium$121
300/500/300 Full Cov. w/$500 Ded.Average Annual Premium$1,468Average Monthly Premium$122
300/500/300 Full Cov. w/$1,500 Ded.Average Annual Premium$1,504Average Monthly Premium$125

Minimum Car Insurance Requirements in Oregon

In Oregon, minimum car insurance requirements include $25,000 for bodily injury per person, $50,000 for bodily injury liability per accident, and $20,000 for property damage per accident. Also required are $25,000 per person and $50,000 per accident for uninsured/underinsured motorist coverage and $15,000 in personal injury protection.

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    $25,000 for bodily injury liability per person

    In Oregon, drivers must carry a minimum of $25,000 in bodily injury liability coverage for each person injured in an accident.

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    $50,000 for bodily injury liability per accident

    State minimum coverage in Oregon requires $50,000 for all persons injured in any one accident.

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    $20,000 for property damage liability per accident

    Oregon law mandates that drivers have at least $20,000 in property damage liability coverage for each accident.

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    $25,000 uninsured motorist bodily injury per person

    Oregon drivers need a minimum of $25,000 in uninsured motorist coverage for bodily injury per person.

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    $50,000 uninsured motorist bodily injury per accident

    The state minimum for uninsured motorist bodily injury coverage per accident in Oregon is $50,000.

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    $15,000 personal injury protection (PIP) per person

    Oregon's minimum coverage includes $15,000 in personal injury protection per person to cover medical expenses.

Average Car Insurance Costs in Oregon by City

Car insurance premiums vary by location. In Oregon, Eugene has the lowest full coverage rate at $1,044 annually, while Portland's is $1,560 annually. Local traffic conditions, theft rates, weather risks, vehicle type and driving history influence these costs.

EugeneFull Coverage Annual Premium$1,044Minimum Coverage Annual Premium$619
GreshamFull Coverage Annual Premium$1,501Minimum Coverage Annual Premium$921
HillsboroFull Coverage Annual Premium$1,274Minimum Coverage Annual Premium$788
PortlandFull Coverage Annual Premium$1,560Minimum Coverage Annual Premium$953
SalemFull Coverage Annual Premium$1,239Minimum Coverage Annual Premium$752

Average Car Insurance Costs in Oregon by Age

In Oregon, car insurance costs are highest for younger drivers, particularly those aged 22 to 29, with an average annual premium of $1,567. Premiums generally decrease as drivers gain experience and practice safer habits. Seniors often enjoy the lowest rates due to their extensive driving history and presumed caution.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,567Average Monthly Premium$131
30-59Average Annual Premium$1,376Average Monthly Premium$115
60 +Average Annual Premium$1,333Average Monthly Premium$111

Average Car Insurance Costs in Oregon for Teens

Age and gender affect car insurance rates in Oregon. A 16-year-old male driver added to a family policy pays an average annual cost of $2,361 for car insurance, the highest premium among teenage drivers.

Teens under 18 usually cannot purchase car insurance without an adult co-signer. The premium for an individual policy for a 16-year-old driver is around $6,029 annually.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$2,361Individual Premium$6,029
17Added to Family Policy Premium$2,222Individual Premium$4,761
18Added to Family Policy Premium$1,906Individual Premium$4,087
19Added to Family Policy Premium$1,790Individual Premium$2,803
20Added to Family Policy Premium$1,878Individual Premium$2,528
21Added to Family Policy Premium$1,407Individual Premium$1,859
22Added to Family Policy Premium$1,503Individual Premium$1,719
23Added to Family Policy Premium$1,561Individual Premium$1,580
24Added to Family Policy Premium$1,465Individual Premium$1,484
25Added to Family Policy Premium$1,279Individual Premium$1,260

Average Car Insurance Costs in Oregon for New Cars

The average annual cost of full coverage for a 2012 vehicle is $1,152, while for a 2022 model, it rises to $1,282. The higher premium for newer vehicles reflects their increased actual cash value, repair costs and theft risk.

Drivers of newer models should consider comprehensive and collision coverage to protect against various risks and ensure financial security.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$1,152Monthly Premium$96
2022 VehicleAnnual Premium$1,282Monthly Premium$107
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ACTUAL CASH VALUE

Your vehicle's actual cash value (ACV) is the basis for calculating how much your insurance company will reimburse you after a comprehensive or collision claim. It represents your vehicle's market value, considering depreciation at the time of the claim. Your insurance payout will depend on the ACV minus your deductible.

Average Car Insurance Costs in Oregon by Driving Record

The average cost of car insurance in Oregon fluctuates significantly based on your driving record.

  • With a ticket: $1,708 per year; $142 per month
  • With an at-fault accident: $1,924 per year; $160 per month
  • With a DUI: $1,964 per year; $164 per month

The type of driving offense greatly affects car insurance premiums. Any violation raises your costs and impacts your rates as long as it remains on your record. In Oregon, a DUI can affect your rates for up to 10 years.

Refer to the table below for Oregon's average car insurance costs based on various driving records. Use the filters for coverage type and age group to find relevant information.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$1,376Average Monthly Premium$115
TicketAverage Annual Premium$1,708Average Monthly Premium$142
At-fault AccidentAverage Annual Premium$1,924Average Monthly Premium$160
DUIAverage Annual Premium$1,964Average Monthly Premium$164

Average Car Insurance Costs in Oregon by Credit Score

Your credit score greatly impacts your car insurance rates in Oregon. Drivers with excellent credit might pay about $851 annually, while those with poor credit could see rates around $1,696.

Insurance companies use credit scores to assess risk, with better scores typically leading to lower premiums. A good credit score is usually between 670 and 739.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$851Monthly Premium$71
GoodAnnual Premium$1,014Monthly Premium$84
FairAnnual Premium$1,239Monthly Premium$103
Below FairAnnual Premium$1,418Monthly Premium$118
PoorAnnual Premium$1,696Monthly Premium$141
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Factors Affecting Car Insurance Rates in Oregon

Understand these key factors affecting your car insurance rates in Oregon so you can find an affordable plan tailored to your needs:

  • Location Urban Oregon areas often have higher insurance premiums due to increased risks of theft, vandalism and accidents.
  • Age and gender: Younger drivers, particularly males, may see higher rates because they're statistically more likely to be involved in accidents.
  • Driving record: Clean driving results in lower premiums, while accidents and violations can increase costs in Oregon.
  • Vehicle type: Your vehicle's make, model and age can impact your insurance costs, with newer, luxury cars typically incurring higher rates.
  • Minimum coverage: Choosing Oregon's minimum coverage can offer a lower rate but may not provide adequate protection in all incidents.
  • Coverage level: Opting for higher coverage limits or adding comprehensive insurance will influence the cost of your policy.
  • Collision insurance: Adding collision coverage will increase your rate but provides protection in accidents.
  • Credit score: Oregon allows insurers to consider credit scores when setting rates; a higher credit score can lead to lower premiums.
  • Marital status: Married individuals might receive lower rates as they are statistically shown to file fewer claims than their single counterparts.
  • Discount eligibility: Discounts for good drivers, multi-car policies and defensive driving courses can reduce premiums.

How to Save Money on Car Insurance in Oregon

To secure affordable car insurance in Oregon, shop around for competitive rates, opt for a higher deductible and take advantage of all available discounts.

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    Compare multiple quotes

    Reviewing various insurance options can help you find the cheapest car insurance in Oregon. Always compare rates from multiple providers to ensure the best deal.

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    Maintain a clean driving record

    A clean driving record can significantly reduce your insurance costs. Avoid traffic violations and accidents to qualify for lower premiums.

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    Choose a higher deductible

    Opting for a higher deductible can lower your monthly premiums. However, you must ensure you can afford the deductible in case of a claim.

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    Bundle insurance policies

    Bundling car insurance with other policies like homeowners or renters insurance can unlock discounts and lead to more affordable rates.

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    Look for discounts

    Insurers offer various discounts, such as for safe driving, good students or having anti-theft devices. Ask providers about available discounts to reduce costs.

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    Drive a car with lower insurance costs

    The type of car you drive affects your insurance rates. To get better rates, choose a model with strong safety features and a low history of claims.

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    Review your coverage regularly

    Life changes can affect insurance needs. Review your policy regularly to ensure it still offers the most affordable coverage for your situation.

FAQ: Car Insurance Costs in Oregon

Get answers about what impacts the average cost of car insurance in Oregon and how to find affordable rates.

What are the minimum car insurance requirements in Oregon?
What is the average cost of full coverage and minimum coverage auto insurance in Oregon?
What is the average cost of car insurance for a 22-year-old in Oregon?
What are the cheapest car insurance companies in Oregon?

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.