Cheapest Car Insurance Companies in Portland, OR (2024 Rates)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited bySarah Mattie
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Updated: May 20, 2024

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Your background and needs determine the cheapest car insurance provider for you.

State Farm provides the most affordable rates for minimum and full coverage car insurance in general. It’s also typically the cheapest option for young adults, seniors and drivers with bad records.

Meanwhile, Nationwide is the most affordable for teens and motorists with bad credit. USAA features the lowest rates for military-affiliated drivers.

MoneyGeek ranked the best car insurance companies in Portland, Oregon, to help you find a provider that balances affordability and service quality.

MoneyGeek Logo IconCheapestCar InsurancePortland
2024

Cheapest Car Insurance in Portland, OR

Why Trust MoneyGeek? We analyzed car insurance providers in Portland using data and information from the Oregon Division of Financial Regulation and Quadrant Information Services.

51,654Quotes Analyzed
 
13Companies Compared

Cheapest Minimum Coverage Car Insurance in Portland

MoneyGeek found the cheapest minimum coverage car insurance providers in Portland are:

  • State Farm: $599 per year
  • Country Financial: $614 per year

Conversely, Dairyland is the priciest among the city’s insurers, offering minimum coverage for roughly $2,566 per year.

State Farm is also the cheapest car insurance company in Oregon as of October 2022, but its statewide average is lower at approximately $380 per year. This highlights the influence of location and population density on auto insurance prices.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
State FarmAnnual Premium$599Monthly Premium$50
Country FinancialAnnual Premium$614Monthly Premium$51
ProgressiveAnnual Premium$662Monthly Premium$55
GEICOAnnual Premium$686Monthly Premium$57
TravelersAnnual Premium$754Monthly Premium$63
Capital Insurance GroupAnnual Premium$782Monthly Premium$65
NationwideAnnual Premium$832Monthly Premium$69
KemperAnnual Premium$935Monthly Premium$78
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Oregon state law requires that auto insurance policies include the following coverages with at least the following limits:

  • $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

If you're at fault in an accident and have this minimum coverage policy, your insurer will only cover medical expenses for the other driver and their passengers up to $25,000 per person (with a maximum of $50,000 per accident). Should the cost of medical care exceed those amounts, you’ll have to pay the remaining costs out of pocket.

Cheapest Full Coverage Car Insurance in Portland

MoneyGeek’s research shows that the most affordable full coverage car insurance companies in Portland are:

  • State Farm: $1,008 per year
  • Country Financial: $1,035 per year

Among the insurers we surveyed, Dairyland has the highest rates for full coverage policies at $4,022 per year.

Meanwhile, Nationwide offers the cheapest full coverage auto insurance in Oregon, averaging $909 per year as of October 2022. The difference between the city and state averages shows the impact of location on car insurance costs.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,008Monthly Premium$84
Country FinancialAnnual Premium$1,035Monthly Premium$86
NationwideAnnual Premium$1,119Monthly Premium$93
GEICOAnnual Premium$1,274Monthly Premium$106
American FamilyAnnual Premium$1,292Monthly Premium$108
ProgressiveAnnual Premium$1,305Monthly Premium$109
TravelersAnnual Premium$1,318Monthly Premium$110
Capital Insurance GroupAnnual Premium$1,556Monthly Premium$130

You’ll only have liability coverage, uninsured motorist and personal injury protection with a minimum coverage policy in Portland. Meanwhile, a full coverage policy adds comprehensive and collision insurance to protect your vehicle.

  • Collision insurance: Covers the cost of repairing or replacing your car if you cause an accident, including collisions with other vehicles and objects such as trees, fences and light poles. It also covers rollover accidents.
  • Comprehensive insurance: Pays for your car's repairs or replacement after covered damage from non-collisions, like theft, vandalism, fire and weather hazards.

A full coverage car insurance policy can offer you enhanced protection. It could be a good option if you have a newer car or live in an area where you may need this extra coverage, for instance. But, if you have an old car or live in a low-risk location, full coverage may not be worth the higher price.

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Cheapest Car Insurance in Portland After a Driving Offense

If you have a driving violation, you could find the cheapest car insurance in Portland from the following:

  • Speeding ticket: State Farm ($1,140 per year)
  • At-fault accident: State Farm ($1,345 per year)
  • DUI: State Farm ($1,140 per year)

Meanwhile, these companies have the highest prices for motorists with violations:

  • Speeding ticket: Dairyland ($4,971 per year)
  • At-fault accident: Dairyland ($5,419 per year)
  • DUI: Dairyland ($4,971 per year)

Driving offenses can significantly increase your car insurance costs. This means you may end up paying more for insurance from an otherwise cheap company than you would if you had no violations and opted for an otherwise expensive insurer.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$1,140Monthly Premium$95
Country FinancialAnnual Premium$1,363Monthly Premium$114
NationwideAnnual Premium$1,402Monthly Premium$117
American FamilyAnnual Premium$1,554Monthly Premium$129
ProgressiveAnnual Premium$1,754Monthly Premium$146
GEICOAnnual Premium$1,763Monthly Premium$147
TravelersAnnual Premium$1,805Monthly Premium$150
Capital Insurance GroupAnnual Premium$1,853Monthly Premium$154

Generally, the more serious the driving violation, the greater the increase in car insurance premiums. And infractions typically generate surcharges on your policy for 3-5 years. In Portland, receiving a speeding ticket can bump your average annual rate by $394. At the same time, a DUI can result in an additional $745.

Nonetheless, you can still find affordable car insurance despite having a poor driving history by shopping around and using discounts.

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MONEYGEEK EXPERT TIP

Avoiding an at-fault accident is preferred, but it can happen to even the safest drivers. To avoid a car insurance premium increase after your first at-fault accident, add accident forgiveness to your policy. It stops the increase from occurring for policyholders with a clean motor vehicle record prior to the accident. Some companies, such as Progressive and GEICO, even award accident forgiveness to safe drivers. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance in Portland for Teens and Their Families

These insurance providers present the cheapest car insurance for teens on a family policy in Portland:

  • Nationwide: $2,027 per year for female teens; $2,174 per year for male teens
  • Allstate: $2,241 per year for female teens; $2,341 per year for male teens

On the other hand, CIG has the most expensive rates for teens on a family policy, costing $4,705 for female teens and $4,513 for male teens.

Car insurance is often less expensive for female teens than male teens because male teens are often considered higher risk. In Portland, this is shown by Nationwide and Allstate’s extra costs for male teens of $147 and $100, respectively.

However, this gender-based price gap slowly fades away as early adulthood approaches.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
NationwideFamily Plan Annual Premium$2,027Individual Plan Monthly Premium$7,566
AllstateFamily Plan Annual Premium$2,241Individual Plan Monthly Premium$13,429
State FarmFamily Plan Annual Premium$2,408Individual Plan Monthly Premium$6,563
KemperFamily Plan Annual Premium$2,726Individual Plan Monthly Premium$7,482
TravelersFamily Plan Annual Premium$2,988Individual Plan Monthly Premium$9,763
ProgressiveFamily Plan Annual Premium$3,184Individual Plan Monthly Premium$16,430
GEICOFamily Plan Annual Premium$3,742Individual Plan Monthly Premium$16,774
FarmersFamily Plan Annual Premium$3,793Individual Plan Monthly Premium$20,440

Teenagers seeking affordable auto insurance are generally better off being added to a family policy than buying an individual one — you could pay up to five times more for an individual policy versus being on a family policy. And for a teen to get a policy under age 18, a parent or guardian must co-sign it.

In Portland, full coverage for a 16-year-old male on a family policy costs around $2,468 per year. Meanwhile, getting the same coverage separately for the same teenager costs $5,795 annually.

In addition, families can increase their savings by shopping around for affordable car insurance for teens and taking advantage of student-specific discounts.

Cheapest Car Insurance in Portland for Military Drivers

MoneyGeek’s analysis shows the cheapest car insurance options for military-affiliated drivers in Portland are:

  • USAA: $990 per year
  • State Farm: $1,008 per year

If you're looking for minimum coverage, USAA and State Farm also offer the lowest rates at roughly $584 and $599 per year.

GEICO is another great choice for military-affiliated drivers because it offers exclusive discounts to them that can lower auto insurance costs considerably.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
USAAAnnual Premium$990Monthly Premium$83
State FarmAnnual Premium$1,008Monthly Premium$84
Country FinancialAnnual Premium$1,035Monthly Premium$86
NationwideAnnual Premium$1,119Monthly Premium$93
GEICOAnnual Premium$1,274Monthly Premium$106
American FamilyAnnual Premium$1,292Monthly Premium$108
ProgressiveAnnual Premium$1,305Monthly Premium$109
TravelersAnnual Premium$1,318Monthly Premium$110

How to Compare Cheap Portland Car Insurance Quotes Online

The best way to find the cheapest car insurance for you is by comparing online quotes from several providers. This takes about 15 minutes per company and involves typing in some personal details on each site.

Luckily, MoneyGeek's car insurance calculator can provide a quick estimate for several providers based solely on your age, driving record, car and desired coverage levels.

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.

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Rates updated:

Jun 13, 2024

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Cheapest Car Insurance in Portland for Young Adults

MoneyGeek found that young adults can find cheap car insurance in Portland from:

  • State Farm: $1,345 per year
  • Country Financial: $1,631 per year

At around $4,410 per year, Dairyland has the city's most expensive car insurance for young adults.

If you're a younger adult, you can expect higher car insurance premiums than older drivers. In Portland, you'll pay approximately $229 more for full coverage car insurance if you're in your 20s than in your 40s.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,158Monthly Premium$96
Country FinancialAnnual Premium$1,358Monthly Premium$113
NationwideAnnual Premium$1,376Monthly Premium$115
American FamilyAnnual Premium$1,425Monthly Premium$119
GEICOAnnual Premium$1,457Monthly Premium$121
TravelersAnnual Premium$1,497Monthly Premium$125
ProgressiveAnnual Premium$1,526Monthly Premium$127
KemperAnnual Premium$1,628Monthly Premium$136

Cheapest Car Insurance in Portland for Seniors

Senior drivers can find the cheapest car insurance in Portland from these providers:

  • State Farm: $941 per year
  • Country Financial: $1,009 per year

Dairyland is the most expensive option for older adults in the city at approximately $3,895.

It's normal for seniors, due to a slight uptick in higher accident frequency, to pay more than middle-aged adults for auto insurance. But MoneyGeek found that in Portland, seniors pay less than drivers in their 40s. On average, a 40-year-old driver in Portland pays $1,560 per year, while a 65-year-old pays a slightly lower rate at $1,532 per year.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$941Monthly Premium$78
Country FinancialAnnual Premium$1,009Monthly Premium$84
NationwideAnnual Premium$1,050Monthly Premium$87
GEICOAnnual Premium$1,086Monthly Premium$90
American FamilyAnnual Premium$1,262Monthly Premium$105
ProgressiveAnnual Premium$1,268Monthly Premium$106
TravelersAnnual Premium$1,320Monthly Premium$110
Capital Insurance GroupAnnual Premium$1,401Monthly Premium$117

Cheapest Car Insurance in Portland for Poor Credit

If you have bad credit, MoneyGeek found that these providers offer the cheapest auto insurance in Portland:

  • Nationwide: $1,688 per year
  • Country Financial: $1,790 per year

Dairyland has the most expensive premiums for drivers with bad credit at approximately $5,386 per year.

Generally, drivers in Portland with low credit scores pay around 59% more for car insurance than those with good credit. This results in an additional $917 per year.

However, it's possible to find cheap car insurance despite having bad credit by shopping around.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium$1,688Monthly Premium$141
Country FinancialAnnual Premium$1,790Monthly Premium$149
GEICOAnnual Premium$1,914Monthly Premium$159
ProgressiveAnnual Premium$2,038Monthly Premium$170
TravelersAnnual Premium$2,182Monthly Premium$182
Capital Insurance GroupAnnual Premium$2,184Monthly Premium$182
American FamilyAnnual Premium$2,353Monthly Premium$196
KemperAnnual Premium$2,459Monthly Premium$205

Car insurance companies perceive drivers with bad credit as high risks, which can lead to higher premiums.

You can lower your insurance costs in a few ways, such as by qualifying for discounts, bundling policies and getting quotes from multiple providers. Improving your credit score over time may also lead to reduced rates.

Cheapest Car Insurance in Portland for Sports Cars

These companies offer the cheapest car insurance for sports car drivers in Portland:

  • State Farm: $1,117 per year
  • Travelers: $1,144 per year

On the other hand, Dairyland is the most expensive for sports car owners, with an average annual rate of $3,656.

Your car's type can affect your insurance premium. In Portland, you’ll pay $1,560 per year if you’re driving a standard vehicle and $1,537 per year for a Mustang. Sports cars typically have higher insurance costs, but that isn’t necessarily the case in this city.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,117Monthly Premium$93
TravelersAnnual Premium$1,144Monthly Premium$95
NationwideAnnual Premium$1,168Monthly Premium$97
American FamilyAnnual Premium$1,234Monthly Premium$103
GEICOAnnual Premium$1,342Monthly Premium$112
Capital Insurance GroupAnnual Premium$1,345Monthly Premium$112
FarmersAnnual Premium$1,350Monthly Premium$113

MoneyGeek gathered car insurance quotes for a Ford Mustang to illustrate how rates can change based on the type of car you drive. However, it's important to understand that different car models may have different premiums. Unlike most cities in the U.S., car insurance for sports cars can be cheaper than for standard vehicles in Portland.

Average Cost of Car Insurance in Portland

The average cost of full coverage car insurance in Portland is $1,403 per year. That policy includes bodily injury liability limits of $100,000 per person and $300,000 per accident and $100,000 in property damage liability per accident.

Auto insurance prices are affected by factors like location. Full coverage car insurance in Portland is about $253 more than the average cost of car insurance in Oregon. It’s also $138 pricier than the national average.

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

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.