The Cheapest Car Insurance in Oregon for 2022
To give you a headstart on finding affordable auto insurance in Oregon, MoneyGeek analyzed rates from different companies. GEICO offers the cheapest minimum coverage policy, costing around $510 annually.
Keep in mind that the best company will depend on your specific needs. For example, our research found that State Farm is the most affordable for drivers with a ticket. Shopping around for car insurance in Oregon may help you save roughly $618 per year.
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The Cheapest Car Insurance in Oregon
MoneyGeek examined the cheapest auto insurance providers in Oregon cities to provide you with a closer estimate for where you live. We also determined the best car insurance companies in Oregon that balance affordability and quality service.
Why Trust MoneyGeek? Oregon car insurance rates in this study are based on our analysis of data and information from the Oregon Department of Insurance and Quadrant Information Services.
These rates were updated in August 2022 to reflect how car insurance rates in Oregon have changed up to this month.
Cheapest Minimum Liability Car Insurance in Oregon
In Oregon, liability-only coverage is the cheapest auto insurance option for drivers. That is because it only meets the state’s minimum requirements, which are low.
MoneyGeek found the average cheapest car insurance policy for minimum coverage in Oregon is with:
- GEICO: $510 per year
- Progressive: $567 per year
If you are a member of a military family, you may qualify for USAA auto insurance, which has the lowest average rate for minimum coverage in Oregon at $419 yearly. The most expensive car insurance provider for this policy in Oregon is American Family, with an average annual rate of $934.
CHEAPEST MINIMUM CAR INSURANCE IN OREGON
These prices are only estimates based on rates for an average Oregon driver and should not be used to compare insurance prices.
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Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
Cheapest Full Coverage Car Insurance in Oregon
Oregon drivers should choose a full coverage policy with comprehensive and collision insurance to protect their vehicle and higher liability limits than minimum coverage to feel secure that their liability limits will cover an at-fault accident fully.
Based on MoneyGeek’s average cost research, the cheapest full coverage car insurance providers in Oregon are:
- GEICO: $882 per year
- Progressive: $902 per year
For military families, USAA's average annual rate of $694 for full coverage is the most affordable. Allstate has the most expensive rate in Oregon, costing an average of $1,312 annually.
CHEAPEST FULL COVERAGE CAR INSURANCE IN OREGON
Insurance providers evaluate individual factors to determine premiums, so your rates will be different from the examples given. These prices are based on a comprehensive and collision insurance policy with $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident.
How to Compare Cheap Oregon Car Insurance Quotes Online
Most car insurance companies in Oregon will allow drivers to get a reasonably accurate quote on their website.
- Before getting a quote, determine the coverage level you will need so you can compare rates. If you get a quote for $100,000 in bodily injury liability insurance from one insurer, make sure you are using the same requirement with other providers.
- Most insurance providers in Oregon provide quotes online. Use MoneyGeek's auto insurance calculator to see how much you'll pay as an average driver. However, drivers looking for a more personalized quote need to reach out directly to providers and provide more detailed information. You can also use MoneyGeek’s price data to find out which company websites to visit.
- On average, the cheapest car insurance companies in Oregon are GEICO and Progressive. You can start by getting personalized quotes from these companies.
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Cheapest Car Insurance in Oregon for Young Drivers
Young drivers, due to their lack of experience on the road, pay a higher premium in Oregon for car insurance. Luckily, as they age, their average costs tend to lower. In Oregon, a 16-year-old pays an annual average cost of $2,573, while a 25-year-old driver pays an average rate of $1,158 each year.
Allstate is the cheapest auto insurance provider in Oregon for 16-year-old drivers with full coverage. However, MoneyGeek found that GEICO is the most affordable provider on average for 17 to 25-year-olds.
ANNUAL CAR INSURANCE IN OREGON FOR YOUNG DRIVERS
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Car insurance for a teenage driver in Oregon can be expensive. Federal statistics show teens are almost three times more likely to have a fatal crash, so insurers charge more to cover the risk.
A teen or young driver can benefit from taking a defensive driving course that teaches good driving skills and may get a discount on car insurance.
Plus, rates change with age. For 16-year-olds, Allstate offers the cheapest full coverage policy at $2,241 annually. But when they turn 17 and up through age 25, GEICO has the cheapest quotes — a 25-year-old pays around $992 annually.
Cheapest Car Insurance in Oregon for Seniors
Car insurance companies in Oregon usually charge senior drivers higher rates than middle-aged drivers. The average cost for senior drivers in the state with full coverage is $1,113 per year, whereas an average 40-year-old driver pays around $1,064 annually.
On average, the cheapest car insurance companies in Oregon for senior drivers with full coverage are:
- GEICO: $840 per year
- Country Financial: $956 per year
For military personnel and their families, USAA has an average yearly premium of $781 for Oregon seniors.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
According to 2017 data from the National Highway Traffic Safety Administration, 16.4% of fatal traffic accidents in Oregon involved a driver over the age of 65. Despite this, with age comes experience, so some car insurance companies offer discounts for seniors.
One way to save is to discuss how often you drive with your insurance provider. Many seniors drive less than the average driver, which can lower their insurance rate.
Additionally, seniors may find savings by comparing quotes. MoneyGeek found that GEICO offers the cheapest full coverage for seniors, charging around $840 annually. Meanwhile, Farmers is the most expensive annually at around $1,476. That is a difference of roughly $636 yearly.
Cheapest Car Insurance for Drivers With Tickets in Oregon
Drivers with a violation on their record, like a ticket, tend to have higher car insurance rates. In Oregon, the average full coverage annual rate for drivers with a speeding ticket is $1,388. That is higher than the average annual rate for drivers with a clean record, which is around $1,064.
On average, the cheapest car insurance companies in Oregon for drivers with a speeding ticket and full coverage are:
- State Farm: $1,127 per year
- Country Financial: $1,204 per year
For military personnel and their families, USAA's average rate of $880 per year is the most affordable option for Oregon drivers with a ticket.
AVERAGE CAR INSURANCE RATES WITH A TICKET
Distracted driving led to a 7.2% increase in traffic deaths in 2015. In Oregon, 450 people died in distracted driving-related crashes in 2018, according to the National Highway Traffic Safety Administration. Our phones are the number one distraction in the car, so Oregon is working to crack down on distracted driving. The state made it illegal to use any handheld device while driving in 2017. The following year, there were 13,086 convictions for using a mobile electronic device.
Both distracted driving and speeding tickets lead insurers to consider offenders at a higher risk of getting in an accident. Getting either ticket type will likely increase your insurance premiums. How much so depends on several factors, including the rest of your driving record. The above table details estimates of what drivers in Oregon can expect to pay after they get a ticket.
Oregon does not use a point system on drivers’ records, but the state tracks moving violations, including speeding and distracted driving citations. Your insurer can view these violations and can adjust your rates accordingly. Depending on the infraction, the citation may appear for three to five years. To save on your premium, work to remove citations from your record. Oregon allows you to view your driving record and submit an inquiry for changes.
You can also work with insurers to find cheap car insurance rates with a ticket in Oregon. Some companies will lower your premium if you take a driving course. Reach out to your insurer and ask if this is an option for you.
Cheapest Car Insurance for Drivers With a DUI in Oregon
Drivers with a DUI are considered high risk; they are often required to file an SR-22 and pay an average of $1,610 per year for car insurance.
On average, the cheapest car insurers for Oregon drivers with a DUI and full coverage are:
- Progressive: $1,112 per year
- State Farm: $1,127 per year
USAA, available to members of the military and veterans, provides a full coverage policy with a DUI at around $1,147 annually.
AVERAGE CAR INSURANCE RATES WITH A DUI
Driving under the influence (DUI) can cause significant consequences to your life and auto insurance costs. In Oregon, DUI offenders face fines, varying from $1,000 to $6,000, community service hours and a license suspension of a year. Furthermore, a DUI on your driving record impacts your auto insurance rates immediately and over a long period of time.
Reviewing different car insurance companies may help with cost-cutting. For example, MoneyGeek found that Progressive is around $892 cheaper than Nationwide.
Cheapest in Oregon for Drivers With an At-Fault Accident
If you cause an accident in Oregon, your car insurance rates will almost certainly go up. Drivers with an at-fault accident on their record pay an average of $1,608 for full coverage auto insurance yearly in Oregon.
On average, the following companies offer the cheapest full coverage auto insurance in Oregon for drivers with an at-fault accident violation:
- American Family: $1,271 per year
- State Farm: $1,336 per year
USAA's average quote of $1,075 per year is the lowest in the state, but only current and former military personnel and their families may qualify for the company's policy.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Oregon for Drivers With Bad Credit
Having a bad credit score results in a higher car insurance rate in Oregon. The annual average cost for drivers with poor credit in the state is $1,531 for full coverage, while the average rate for drivers with good credit is $1,064 annually.
On average, the cheapest car insurance companies for Oregon drivers with bad credit and full coverage are:
- GEICO: $1,260 per year
- Country Financial: $1,419 per year
If you qualify for USAA due to a military affiliation, its $1,156 average annual rate is the most affordable for Oregon drivers with bad credit.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
Car insurance companies set a premium by looking at risk factors like your credit history — a lower credit score can increase your costs. According to Experian, Oregon has one of the highest average credit score ratings in the country at 718.
To protect consumers, Oregon placed limits on the impact credit scores can have on your auto insurance rates. One example is that insurers cannot use credit ratings to cancel policies or increase a premium at renewal, but can use credit information for a new policy.
Individuals with bad credit may save money by shopping around. In Oregon, GEICO has the cheapest full coverage premium (around $1,260 per year), while Farmers offers the most expensive rate (roughly $2,278 per year).
Cheapest Car Insurance in Oregon for Military Drivers
USAA offers the cheapest auto insurance in Oregon for military families. On average, a minimum coverage car insurance policy from USAA costs $419 per year. That is around $91 less than the cheapest widely-available insurer, GEICO.
- Average rate: $419 per year (minimum coverage)
- Ranks as the cheapest out of 10 insurers
According to MoneyGeek's analysis, USAA is the cheapest auto insurance company in Oregon. However, it is only available to military members and their families. To save even more money, drivers can use some of the many USAA discounts. You can get a discount for bundling, being a loyal customer and even storing your car while deployed. There are also special reimbursements, safe driving rewards and regular markdowns in premiums.
Cheapest Car Insurance in Oregon by City
The cost of your auto insurance in Oregon primarily depends on your location within the state. Eugene's full coverage car insurance rate of about $847 per year is the lowest in Oregon, on average. The average yearly premium for car insurance in Salem is $1,041, making it the most expensive area for car insurance.
Click on your city to learn more about the cost of auto insurance in your area.
AVERAGE INSURANCE RATE BY CITY IN OREGON
Car Insurance in Oregon: What You Need to Know
Oregon law mandates drivers insure their vehicle to register it. Below are key details about the Oregon auto insurance requirements.
Oregon Insurance Requirements
Proof of Insurance in Oregon
You need to carry proof of insurance in the car, either on paper or on your smartphone. If you can't show proof of insurance when asked by a police officer, you may receive a citation.
Minimum Liability Insurance Requirements in Oregon
Every vehicle must have at least these insurance coverages:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $20,000 property damage per accident
- $15,000 personal injury protection (PIP)
- $25,000 uninsured motorist bodily injury liability per person
- $50,000 uninsured motorist bodily injury liability per accident
However, to better protect yourself from paying out-of-pocket in an at-fault accident, insurance experts recommend getting increased coverage.
Alternatives to Insurance in Oregon
The only option for legally driving in Oregon without auto insurance is a self-insurance policy — you need to show proof of financial responsibility to the Department of Transportation. But think on it, because in an at-fault accident, you must pay for the damages, which could be in the tens of thousands.
High-Risk Auto Insurance Program in Oregon
If multiple companies deny you coverage, the Oregon Automobile Insurance Plan provides car insurance to drivers who are unable to obtain coverage elsewhere.
How Much Coverage Do You Need in Oregon?
According to the Insurance Information Institute, insurance experts and consumer advocates recommend bodily injury liability coverage of $100,000 per person and $300,000 per accident.
Plus, you may want to purchase a full coverage policy that covers damage to your car. But if your car is worth less than your deductible and a couple of years' worth of premiums, it may not be worth it.
FAQs About Car Insurance in Oregon
The most common questions Oregon drivers have about car insurance center around the cost of premiums and how much coverage to buy.
About the Author
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- Experian. "2019 Consumer Credit Review." Accessed March 11, 2020.
- Governing: The Future of States and Localities. "Military Active-Duty Personnel, Civilians by State." Accessed January 21, 2021.
- National Association of Insurance Commissioners. "2018 Market Share Reports." Accessed March 12, 2020.
- National Highway Traffic Safety Administration. "Traffic Safety Facts." Accessed March 17, 2020.
- Oregon Division of Financial Regulation. "A consumer’s guide to auto insurance." Accessed March 19, 2020.
- Oregon DMV. "Minimum Insurance Requirements." Accessed March 12, 2020.
- Oregon.gov. "DISTRACTED DRIVING FACT SHEET." Accessed January 21, 2021.
- U.S. Department of Veterans Affairs. "National Center for Veterans Analysis and Statistics." Accessed January 21, 2021.