Car insurance in Salem costs $1,041 per year on average, which is less than the state average. MoneyGeek analyzed the most affordable insurers by coverage amount and driving history. MoneyGeek found that MetLife offers the cheapest and widely-available insurance at $876 per year. For those also looking at quality, MoneyGeek also analyzed the best insurance companies in Salem.
Compare the Cheapest Car Insurance Quotes in Salem, OR
The Cheapest and Best Car Insurance in Salem
The Cheapest Car Insurance Companies in Salem
On average, the companies that offer the cheapest full coverage auto insurance policies in Salem are:
- USAA: $667 per year (available for current and former military members only)
- MetLife: $876 per year
Many drivers evaluate cost as one of the key factors when choosing a car insurance policy. In Salem, USAA is the best car insurance company based on affordability. The average rate for a policy with USAA is $667 per year, which is 109.7% less than a policy with Allstate, Salem’s most expensive provider. However, USAA is only available to military personnel and their family members.
The next cheapest carrier in Salem is MetLife. The average annual cost of a policy with Metlife is $876, which is 59.7% less than Allstate.
MoneyGeek gathered prices based on a sample driver profile seeking a full coverage policy inclusive of liability insurance and comprehensive and collision insurance for a 40-year-old male.
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Average Cost of Car Insurance in Salem
The average car insurance rate in Salem is $1,041 per year. This is 11.9% cheaper than the state average and 26.9% less than the national average.
The Best Car Insurance Companies in Salem
MoneyGeek ranked the best car insurance companies in the city for Salem-based drivers seeking both affordability and quality service. The best companies include:
- Hartford: MoneyGeek score of 93 out of 100
- GEICO: MoneyGeek score of 85 out of 100
USAA received the highest score in Salem 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 computed these scores based on J.D Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Salem
Car insurance companies consider factors like age, gender, credit score and more when determining premiums.
For example, a MetLife policy for a 40-year-old male driver in Salem costs an average of $876 per year. This rate may change as the driver ages.
Regularly comparing car insurance quotes can help you make sure you have the most affordable coverage for your needs depending on your life circumstances.
Shopping around for car insurance in Salem could save you $165, which is enough to buy:
Cheapest Car Insurance in Salem by Coverage Amount
In Salem and the rest of the United States, the amount of coverage purchased is one of the biggest factors that affect the price. A policy that meets Orgeon’s state minimum costs an average of $697 yearly, while a full coverage policy with higher liability limits costs $1,041 annually on average. This is a difference of $344.
Oregon Minimum Liability Requirements
- 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.
Auto insurance companies offer plans with varying limits and levels of coverage. For example, most providers offer liability-only and full-coverage policies with 50/100/50 limits. Liability-only coverage will pay for the other driver's costs if you cause an accident, while full-coverage will pay for your costs and the other driver’s when you cause an accident. 50/100/50 limits mean you can receive $50,000 in medical reimbursement per person, up to $100,000 per accident and $50,000 in property damage costs.
In Salem, USAA offers the most affordable car insurance for both 50/100/50 liability-only and full coverage plans. Its full-coverage package costs an average $174 more per year than its liability-only policy.
If you don’t qualify for USAA, GEICO’s 50/100/50 full-coverage policy costs $200 more than its liability-only plan.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Salem if You Have Driving Violations
Safe drivers with no offenses on their record typically pay less for their car insurance. To make sure you get the best rates, try to maintain a clean driving record.
In Salem, State Farm customers with a speeding ticket or DUI could pay $97 more per year on average compared to drivers with no violations. Those who have caused an accident may pay an average of $291 more yearly.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Your auto insurance rates can be impacted by your ZIP code. This is because factors like the number of car thefts, accidents and uninsured motorists may differ between communities.
In Salem, Oregon, residents of the 97305 neighborhood could pay $39 less in annual vehicle insurance premiums compared to drivers living in the 97301 community.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Salem
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 Salem. How Salem 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 Salem 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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