Cheapest and Best Car Insurance Companies in Salem, OR


Enter your ZIP code to get started

Shield

Free. Simple. Secure.

Banner image
ByMark Fitzpatrick
Edited byAshley Jacobs
ByMark Fitzpatrick
Edited byAshley Jacobs

Updated: June 14, 2024

Advertising & Editorial Disclosure

The cheapest insurer for you will vary by your profile and needs. Salem drivers will find the cheapest minimum and full coverage rates through State Farm. This insurer is also the cheapest for drivers with offenses. USAA offers the best car insurance for military members. Families with teens should look at Nationwide. Capital Insurance Group is MoneyGeek’s top pick for best customer service.

MoneyGeek Logo IconCheapest + BestCar InsuranceSalem
2024

Cheapest and Best Car Insurance in Salem, OR

Why Trust MoneyGeek? We analyzed car insurance rates based on data from Quadrant Information Services and the Oregon Division of Financial Regulation for this study, rating insurance providers using our proprietary scoring system.

51,654Quotes Analyzed
 
13Companies Compared

Cheapest Minimum Liability Car Insurance in Salem

The most affordable car insurance companies for a minimum coverage policy in Salem:

  • State Farm: $461 per year
  • Country Financial: $488 per year

Dairyland is the most expensive minimum insurance policy in Salem, costing roughly $1,846 per year. While it’s the second-cheapest provider in Salem, Country Financial is the cheapest car insurance company in Oregon overall, with an annual average premium of $402 per year. Coverage costs can vary by region within a state, making where you live an important factor in finding the cheapest rates.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
State FarmAnnual Premium$461Monthly Premium$38
Country FinancialAnnual Premium$488Monthly Premium$41
ProgressiveAnnual Premium$561Monthly Premium$47
GEICOAnnual Premium$587Monthly Premium$49
TravelersAnnual Premium$589Monthly Premium$49
Capital Insurance GroupAnnual Premium$630Monthly Premium$53
NationwideAnnual Premium$651Monthly Premium$54
American FamilyAnnual Premium$710Monthly Premium$59

Minimum coverage policies must meet Oregon’s mandatory liability limits for bodily injury liability and property damage liability. Oregon’s minimum coverage limits include:

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $20,000 property damage liability per accident
  • $25,000 uninsured motorist coverage per person
  • $50,000 uninsured motorist coverage per accident
  • $15,000 personal injury protection

After an at-fault accident, liability-only insurance covers injuries to others up to your coverage limits. For example, if you have $50,000 in bodily injury liability coverage per person and $100,000 per accident, your insurance provider covers medical costs for each individual up to $50,000, maxing out at $100,000. You’ll pay out of pocket for any costs above these limits.

Cheapest Full Coverage Car Insurance in Salem

The cheapest car insurance companies for a full coverage policy in Salem:

  • State Farm: $781 per year
  • Country Financial: $830 per year

Dairyland charges an annual premium of $2,938, making it the least affordable full coverage car insurance provider in Salem.

Country Financial offers the cheapest full coverage insurance in Oregon at $862 per year, a slight increase over rates in Salem. Where you live has an impact on your auto insurance rates. Insurance companies evaluate risk levels associated with your area, taking into account factors such as accident frequency, traffic congestion and crime rates.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$781Monthly Premium$65
Country FinancialAnnual Premium$830Monthly Premium$69
NationwideAnnual Premium$883Monthly Premium$74
American FamilyAnnual Premium$981Monthly Premium$82
TravelersAnnual Premium$1,019Monthly Premium$85
ProgressiveAnnual Premium$1,073Monthly Premium$89
GEICOAnnual Premium$1,078Monthly Premium$90
Capital Insurance GroupAnnual Premium$1,253Monthly Premium$104

Full coverage includes liability coverage as well as comprehensive and collision coverage.

  • Collision coverage covers damages to your vehicle resulting from an accident with another car or object.
  • Comprehensive coverage provides financial protection against theft, natural disasters, vandalism and other non-collision events that can damage your vehicle.

A full coverage policy may not be necessary for older vehicles. You could end up paying more per year in premiums for a car with a lower value.

Loading...
    coins2 icon

    Compare

    Compare minimum and full coverage policies.

    find icon

    Find a match

    Get matched with an insurer in Salem.

    financialPlanning icon

    Save

    Save hundreds of dollars per year.

Cheapest Car Insurance in Salem After a Driving Offense

The cheapest insurance provider for a full coverage policy after driving violations in Salem are:

  • Speeding ticket: State Farm ($880 per year)
  • At-fault accident: State Farm ($1,034 per year)
  • DUI: State Farm ($880 per year)

After a DUI, speeding ticket or accident, the most expensive car insurance provider in Salem is Dairyland, with annual premiums of $3,255, $3,634 and $3,963, respectively. Car insurance companies factor driving records into your premiums. The most affordable insurer’s rates will be more expensive for drivers with offenses vs. drivers with no offenses.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$880Monthly Premium$73
Country FinancialAnnual Premium$1,086Monthly Premium$91
NationwideAnnual Premium$1,097Monthly Premium$91
American FamilyAnnual Premium$1,173Monthly Premium$98
TravelersAnnual Premium$1,386Monthly Premium$116
ProgressiveAnnual Premium$1,432Monthly Premium$119
GEICOAnnual Premium$1,487Monthly Premium$124
Capital Insurance GroupAnnual Premium$1,497Monthly Premium$125

Car insurance companies typically charge higher premiums to drivers with more severe violations added to their driving history, such as a DUI. In Salem, drivers with tickets will pay around $309 more annually, while drivers with DUIs could pay roughly $593 more. It’s important to compare rates to get the cheapest car insurance for a poor driving record,

Cheapest Car Insurance in Salem for Teens and Their Families

The most affordable car insurance providers for teens on a family policy in Salem are:

  • Nationwide: $1,244 for female teens, $1,335 for male teens
  • State Farm: $1,326 per year for female teens, $1,680 for male teens

The most expensive car insurance for teens on a family policy is from Capital Insurance Group. Average annual premiums for male teens cost $2,945 and $3,088 for female teens.

As seen in the $92 price difference from Nationwide, car insurance providers may charge male teens higher premiums due to their perceived higher risk than female teens. This difference goes down in adulthood.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$1,244Individual Plan Monthly Premium$5,471
State FarmFamily Plan Annual Premium$1,326Individual Plan Monthly Premium$4,793
AllstateFamily Plan Annual Premium$1,618Individual Plan Monthly Premium$10,989
TravelersFamily Plan Annual Premium$1,731Individual Plan Monthly Premium$7,047
KemperFamily Plan Annual Premium$1,787Individual Plan Monthly Premium$8,869
ProgressiveFamily Plan Annual Premium$2,069Individual Plan Monthly Premium$12,550
FarmersFamily Plan Annual Premium$2,329Individual Plan Monthly Premium$15,824
GEICOFamily Plan Annual Premium$2,331Individual Plan Monthly Premium$13,479

If you're looking for car insurance for a teenage driver, it may be more cost-effective to include them in a family policy, which typically offer better pricing and discounts, especially for families with multiple cars. Additionally, drivers under the age of 18 can’t legally purchase insurance coverage without a parent or guardian co-signer. Teens in Salem could pay at least $3,327 more per year for their own policy vs. being on their parent’s insurance. When searching for affordable car insurance for teenage drivers, be sure to consider all available options.

Cheapest Car Insurance in Salem for Military Drivers

The cheapest car insurance for current or former military members in Salem are:

  • State Farm: $781 per year
  • Country Financial: $830 per year

USAA specializes in providing insurance for active or former military members and their families. The average rate for a USAA car insurance policy is $839 per year for full coverage.

State Farm and USAA are the most affordable insurance providers for minimum coverage for active military members, veterans and their families, with average annual premiums of $461 and $486, respectively.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$781Monthly Premium$65
Country FinancialAnnual Premium$830Monthly Premium$69
USAAAnnual Premium$839Monthly Premium$70
NationwideAnnual Premium$883Monthly Premium$74
American FamilyAnnual Premium$981Monthly Premium$82
TravelersAnnual Premium$1,019Monthly Premium$85
ProgressiveAnnual Premium$1,073Monthly Premium$89
GEICOAnnual Premium$1,078Monthly Premium$90

How to Compare Cheap Salem Car Insurance Quotes Online

If you're seeking an online car insurance quote in Salem, the process can be extensive, requiring providing a considerable amount of personal information and taking 15 minutes (or longer) to get a quote from each provider.

To simplify this process, MoneyGeek offers estimated quotes in just a few minutes. You’ll only need essential info like your age, vehicle stats, driving record and coverage levels to get started.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

High
Average
Low

Rates updated:

Jun 21, 2024

Shield Insurance
Why You Can Trust MoneyGeek

Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.

Best Car Insurance in Salem: Summary

When searching for car insurance, consider which factors like cost, available coverage options and customer service quality. The best car insurance providers in Salem are:

  • Best overall: Country Financial (MoneyGeek score of 80 out of 100)
  • Best for service: Capital Insurance Group (MoneyGeek score of 68 out of 100)
  • Best cheap: Country Financial (MoneyGeek score of 81 out of 100)

Scores vary based on how certain factors are weighted in each category.

Country Financial offers the best car insurance in Oregon.Your location can play a factor in your insurance premiums. Scoring 84 out of 100, USAA is worth considering if you are in the military.

Best Overall Car Insurance in Salem

The best overall car insurance companies in Salem, are:

  • Country Financial: MoneyGeek score of 80 out of 100 ($830 per year)
  • American Family: MoneyGeek score of 77 out of 100 ($981 per year)

Country Financial scored highly in affordability and customer satisfaction. These are two critical factors impacting an insurer’s ranking as the best overall option. USAA is worth considering if you are in the military — this provider scored 84 out of 100.

How was this MoneyGeek score calculated?

Country Financial

pros

checkmark

Great score in affordability

checkmark

High satisfaction score

checkmark

Rental car/travel reimbursement, new car replacement and glass deductible modification

cons

close

Average claims and coverage rating

close

No accident forgiveness or gap insurance

COMPANY HIGHLIGHTS

Country Financial is the best overall car insurance company in Salem. With a focus on providing personalized service and affordable rates, Country Financial is an excellent provider. The company offers a range of coverage options like rental car/travel reimbursement, new car replacement and glass deductible modification.

Country Financial offers rental car/travel reimbursement coverage for up to $800 reimbursement for rental car expenses. It also reimburses travel, lodging and meals expenses if you have an accident over 100 miles from your home.

This insurer offers a new car replacement that provides car owners a brand-new car of the exact make and model if their vehicle is up to four model years old and meets specific guidelines.

Country Financial’s glass deductible modification is an insurance add-on that can cover repairing your windshield, car windows or headlight covers. With this coverage, you won't have to pay your Comprehensive coverage deductible.

Read MoneyGeek's Country Financial Auto Insurance Review

Best Car Insurance in Salem for Customer Service

Excluding cost, the best companies for customer service in Salem are:

  • Capital Insurance Group: MoneyGeek score of 68 out of 100 ($1,253 per year)
  • Country Financial: MoneyGeek score of 65 out of 100 ($830 per year)

Capital Insurance Group offers the best service for its policyholders and good claims experience. This provider does charge higher rates than other insurers, so you’ll pay more for excellent service.

How was this MoneyGeek score calculated?

Capital Insurance Group

pros

checkmark

Excellent customer satisfaction rating

checkmark

Good claims score

checkmark

Roadside assistance, custom parts coverage and full glass coverage

cons

close

Limited coverage options

close

No rental car and/or travel reimbursement coverage

close

Relatively expensive premiums

COMPANY HIGHLIGHTS

Capital Insurance Group has established itself as the best car insurance provider in Salem for customer service. With a focus on offering exceptional customer support, the company has gained a reputation for putting its policyholders first.

Its custom parts coverage allows policyholders to replace damaged parts with new ones without worrying about the depreciation value.

This insurer offers roadside assistance coverage as an optional add-on for both commercial and personal auto policyholders, providing peace of mind and support in the event of a roadside emergency like a flat tire or dead battery.

Its full glass coverage is an optional add-on that covers the cost of repairing or replacing your vehicle's glass components, such as the windshield and windows, in case of damage or breakage. This coverage typically has no deductible, making it a convenient and cost-effective option for drivers.

Best Cheap Car Insurance in Salem

Based on a review of affordability and service quality for policies meeting Oregon’s minimum coverage requirements, the best insurance companies in Salem are:

  • Country Financial: MoneyGeek score of 81 out of 100 ($488 per year)
  • State Farm: MoneyGeek score of 78 out of 100 ($461 per year)

While the cheapest minimum coverage policies in Salem offer the lowest rates, they also provide the least amount of protection against liability costs and no protection for damage to your vehicle in an accident. Weighing the potential savings against the coverage needed for your specific situation is essential.

How was this MoneyGeek score calculated?

Country Financial

pros

checkmark

An affordable minimum coverage policy costs around $488 per year

checkmark

High customer satisfaction score

checkmark

Offers roadside assistance

checkmark

Offers good student discount

cons

close

Low claims experience rating

close

Limited coverage and discount options

COMPANY HIGHLIGHTS

Capital Insurance Group has established itself as the best provider of cheap car insurance in Salem, offering a variety of coverage options to fit the specific needs and budget of every driver. It earned a good rating in customer satisfaction.

It offers optional roadside assistance coverage for both commercial and personal auto policyholders, which can provide support and peace of mind during a roadside emergency like a flat tire or dead battery.

Capital Insurance Group also offers a good student discount. Students can qualify if they maintain a cumulative "B" or better grade point average, earning a good student discount of up to 20%.

If you do need to file a claim, your results may vary since Capital Insurance Group scored low in our findings.

Read MoneyGeek's Country Financial Auto Insurance Review

Average Cost of Car Insurance in Salem

The average cost of auto insurance in Salem for full coverage is $1,116 per year as of October 2022. This includes $100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per accident.

The city’s average car insurance cost is around $35 less than the average full coverage cost in Oregon and roughly $149 less than the national average. Location is one factor that can impact your insurance rates.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick 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.