For Portland drivers, the average cost to insure a vehicle is $1,181 per year, the same as the state average. GEICO has an average rate of $979, making it the cheapest widely-available insurer. MoneyGeek analyzed the cheapest by coverage level and driver history. For drivers who value quality and cost, MoneyGeek also ranked the best companies in the city.
bestauto insurancePortland2021The Cheapest and Best Car Insurance in Portland
The Cheapest Car Insurance Companies in Portland
For a full coverage auto policy, the cheapest companies in Portland are:
- USAA: $770 per year (only available to current and former military members)
- GEICO: $979 per year
The most affordable car insurance company in Portland is USAA. However, USAA only serves members of the military, their families and retired veterans.
The cheapest option for the typical American in Portland is GEICO. In comparison, the company with the most expensive car insurance rate is Allstate, with a difference of roughly 48.8% in pricing between the two providers.
MoneyGeek used a sample driver profile to gather insurance rates. The driver is a 40-year-old male with a full coverage policy, which includes liability insurance and comprehensive and collision insurance.
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- CompanyAmountper year
- 1.$770
- 2.$979
- 3.$992
- 4.$1,002
- 5.$1,037
Average Cost of Car Insurance in Portland
Portland$1,181
Oregon$1,181
U.S.$1,424
In Portland, the average annual cost of vehicle insurance is $1,181, which is the same as the state average and lower than the national average. Drivers in Portland spend around the same as their fellow drivers in the state of Oregon while spending 17.1% less than the national average.
The Best Car Insurance Companies in Portland
MoneyGeek ranked the best insurers in Portland for drivers looking for a balance of affordability and quality service. MoneyGeek’s scoring system found that the best companies for most drivers are:
- Hartford: MoneyGeek score of 93 out of 100
- GEICO: MoneyGeek score of 85 out of 100
USAA received the highest score in Portland by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek’s ratings of auto insurance companies in Portland are based on a scoring system, which includes J.D. Power user satisfaction, affordability and financial stability.
1
USAA
Score:100
2
Hartford
Score:93
3
GEICO
Score:85
4
Allstate
Score:83
5
American Family
Score:80
6
State Farm
Score:80
7
Farmers
Score:80
8
Progressive
Score:80
9
Safeco
Score:78
10
Liberty Mutual
Score:78
11
Nationwide
Score:75
Personalized Quotes to Get You the Cheapest Car Insurance in Portland
When looking for car insurance quotes in Portland, insurance providers rely on several metrics to determine the risk of insuring a driver. Factors such as age, driving history, ZIP code and gender can significantly impact a driver’s premiums. It’s highly recommended for a driver to receive personalized quotes to get better rates.
Shopping around for car insurance in Portland could save you $202, which is enough to buy:
67Cups of Coffee
16Months of Your Favorite Streaming Service
Cheapest Car Insurance in Portland by Coverage Amount
In Portland and elsewhere, the coverage level you choose for your auto insurance plays a role in determining the cost of your annual premium. A policy only meeting state minimums costs an average of $802 in Portland. Meanwhile, a full coverage policy with higher liability limits is approximately $380 more expensive, costing $1,181 on average.
Oregon Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $20,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
- Personal Injury Protection$15,000 per person.
Different insurance plans have different limits for every level and type of coverage. GEICO offers 50/100/50 liability-only, 50/100/50 full coverage and 100/300/100 full coverage. A 50/100/50 policy covers $50,000 in medical bills, with a $100,000 total per vehicle and $50,000 worth of property damage repairs.
A full-coverage GEICO policy that covers your own expenses in an accident is roughly $218 more expensive than liability-only coverage. The difference between GEICO’s 50/100/50 and 100/300/100 policies is $86. Considering that a 100/300/100 policy provides $100,000 in individual injury coverage (up to $300,000 per vehicle) and $100,000 in property damage repairs, the extra $86 may be a good investment depending on your financial situation.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$465$521
- 2.$566$675
- 3.$629$679
- 4.$683$735
- 5.$766$795
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$716$770
- 2.$893$979
- 3.$916$1,002
- 4.$983$1,037
- 5.$1,024$992
Cheapest Car Insurance in Portland if You Have Driving Violations
Among the biggest penalties of a speeding ticket or at-fault accident is the higher premiums on your insurance. In Portland, MetLife policyholders will pay an average of $1,083 more for their car insurance if they have speeding tickets compared to drivers with a clean record. Drivers who have a DUI on their record will need to pay an average of $1,234 more than drivers with a clean record if they have a GEICO policy.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$977$1,193$1,274
- 2.$1,251$1,483$1,251
- 3.$1,409$1,838$1,234
- 4.$1,337$1,567$1,551
- 5.$1,411$1,411$1,411
Average Cost of Car Insurance by Postal Code
Where you live within Oregon also plays a significant role in determining your car insurance rates, and that rings true for car insurance quotes in Portland. Each ZIP code has different rates of auto accidents, car theft and more factors that insurance companies analyze when assessing a driver's risk level. The city’s most affordable neighborhood for auto coverage is 97229, and drivers in this area typically pay around $293 less than drivers in the 97233 ZIP code, the region's most expensive ZIP code.
- Zip CodeState Minimumper year
- 97229$1,037
- 97223$1,061
- 97206$1,297
- 97233$1,330
top ratedCar Insurance agentsPortland2021Top Agents Offering Affordable Car Insurance in Portland
1. Dimitri Kondos - State Farm Insurance Agent7304 SE Milwaukie Ave, Portland, OR, 97202
2. Anthony Kondos - State Farm Insurance Agent13768 SE Division St, Portland, OR, 97236
3. Aubrey Holt - State Farm Insurance Agent5915 SW Beaverton Hillsdale Hwy, Portland, OR, 97221
4. GEICO Portland1606 NE 6th Ave, Portland, OR, 97232
5. Chad Humphrey - State Farm Insurance Agent15160 NW Laidlaw Rd, Ste 210, Portland, OR, 97229
Insurance Providers That Serve Portland
Factors That Impact Insurance Costs in Portland
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Portland. How Portland ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Portland are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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