Cheapest Car Insurance for Low-Income Drivers in Oregon (October 2024)


Kemper offers the cheapest car insurance for drivers with low income and poor credit history in Oregon at $67 per month. For families with low income, State Farm is the most affordable option at $65 per month. Oregon does not offer state-backed car insurance programs for families and individuals with low income. A key option to manage costs is finding the provider with the most affordable rate. There are also ways to get discounts to help alleviate the cost of car insurance.

Although minimum coverage will help you drive legally, there are downsides. For example, minimum coverage may not cover all the costs in an at-fault accident, leaving you financially vulnerable.

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Cheapest for Individuals With Low Income

Kemper is the cheapest car insurance provider for individual drivers with low income and poor credit history in Oregon. Its average minimum coverage premium is $67 per month or $803 per year.

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Cheapest for Families With Low Income

State Farm is the cheapest car insurance provider for families with low income in Oregon. Its average minimum coverage premium is $65 per month or $782 per year.

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Cheapest for Senior Drivers With Low Income

Capital Insurance Group is the cheapest car insurance provider for seniors with low income and poor credit score in Oregon. Its average minimum coverage premium is $66 per month or $788 per year.

Why Trust MoneyGeek? We analyzed thousands of data points and quotes from Quadrant Information Services and the Oregon Division of Financial Regulation to get the cheapest average costs for drivers with low income in Oregon.

51,654Quotes Analyzed
 
13Companies Compared
 
47ZIP Codes

Does Oregon Offer Low-Income Insurance?

Car insurance companies in Oregon do not consider your income when calculating your rates. Instead, they look at factors like your age, driving record, credit history and the type of car you drive. At-fault accidents and moving violations will increase your rates. To find the cheapest rates, it’s best to compare quotes from several insurance companies. This lets you see which insurer offers the most affordable coverage for your needs.

If your budget is tight, a basic minimum coverage policy is often the cheapest way to stay legal on the road. Pay-per-mile insurance is also a great option for drivers who rarely drive. MoneyGeek rounded up the cheapest insurers for drivers with low income to help you save.

Minimum Car Insurance Requirements in Oregon

To legally operate a vehicle in the Beaver State, drivers must carry minimum car insurance requirements that include the following coverages:

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

Choosing the right insurance policy depends on individual needs and risk assessment. A liability-only car insurance policy is the most affordable option and covers damages to others if you're at fault in an accident. However, it won't cover damages to your own vehicle. For more comprehensive protection that covers your own vehicle, full coverage car insurance is necessary. This includes collision and comprehensive coverages, safeguarding against various non-collision incidents like theft or natural disasters.

Understanding the differences between policies allows you to choose coverage that aligns with your personal risk profile and financial situation.

Cheapest Car Insurance for Individuals With Low Income in Oregon

Your credit record can affect your car insurance rates in Oregon. A lower credit-based insurance score may signal to insurers that you're a higher risk, which can lead to more expensive premiums.

Oregon drivers with poor credit records can find affordable rates with:

  • Kemper: $803 per year; $67 per month
  • Progressive: $819 per year; $68 per month

The cheapest car insurance in Oregon for drivers with low income and good credit history are:

  • Kemper: $480 per year; $40 per month
  • Travelers: $531 per year; $44 per month

Driving without insurance in Oregon is considered a misdemeanor and can lead to suspension of your driver's license and vehicle registration, fines ranging from $175 to $1,000 and other penalties. Make sure you're covered to drive legally and safely.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Kemper$803$67
Progressive$819$68
Capital Insurance Group$848$71
Country Financial$938$78
GEICO$956$80
Travelers$968$81
Nationwide$1,081$90
American Family$1,207$101
Farmers$1,255$105
State Farm$1,429$119
Allstate$1,948$162
Dairyland$2,759$230
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Cheapest Car Insurance for Families With Low Income in Oregon

Car insurance rates are shaped by various factors but not directly by income. A single parent's annual premium in Oregon can differ by $666 compared to married couples with a teen. For the latter, insurance can be more affordable by $666 per year.

The cheapest car insurance companies for married couples with a teen in the Beaver State are:

  • State Farm: $782 per year; $65 per month
  • Nationwide: $833 per year; $69 per month

For single parents with a teen, the most affordable options are:

  • State Farm: $1,448 per year; $121 per month
  • Capital Insurance Group: $1,630 per year; $136 per month

Insurance rates for single parents are higher, reflecting the increased financial responsibility on one individual. Maintaining a solid credit score is key to accessing the best rates for minimum coverage auto insurance.

Data filtered by:Results filtered by:
Family Type:
Family Type:Married Couple with Teen
State Farm$782$65
Nationwide$833$69
Travelers$843$70
Progressive$846$70
Kemper$909$76
Allstate$944$79
Capital Insurance Group$953$79
GEICO$972$81
Farmers$1,319$110

Cheapest Car Insurance for Seniors With Low Income in Oregon

Car insurance premiums generally decrease as you reach the early senior years, typically around ages 55 to 65, especially if you have a clean driving record. The two cheapest car insurance for senior drivers with low income and poor credit history are:

  • Capital Insurance Group: $788 per year; $66 per month
  • Progressive: $815 per year; $68 per month

After age 70, car insurance rates typically increase as older drivers are statistically considered higher risk. This trend continues each year, meaning premiums generally rise as seniors age. Specific laws or guidelines may apply to seniors getting car insurance in Oregon.

Data filtered by:Results filtered by:
Credit Score:
Credit Score:Poor
Capital Insurance Group$788$66
Progressive$815$68
Kemper$825$69
GEICO$849$71
Travelers$948$79
Country Financial$971$81
Nationwide$1,045$87
American Family$1,207$101
State Farm$1,349$112
Farmers$1,432$119
Allstate$2,104$175
Dairyland$2,661$222
Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

What Factors Affect Car Insurance Rates in Oregon?

Many factors influence car insurance rates in Oregon. Your income doesn't directly affect rates, but you might see higher rates if a low income leads to a poor credit record. Conversely, good credit can lower your rates. Understanding the factors contributing to car insurance rates can help you make informed decisions when choosing the best car insurance for you.

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    Driving record

    At-fault accidents and moving violations can increase rates for drivers in Oregon.

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    Age and gender

    Younger drivers and males often face higher rates due to higher risk factors.

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    Credit history

    A poor credit record indicates higher risk and can lead to higher premiums.

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    Location

    Urban areas with higher traffic and crime rates can have higher insurance costs.

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    Vehicle type

    Driving a high-performance or luxury vehicle can increase your insurance rate.

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    Coverage levels

    Opting for higher coverage levels increases your premium compared to state minimum coverage.

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    Insurance company

    Different insurers offer varying rates and discounts, so comparing quotes is essential.

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    Claims history

    A history of filing a claim can lead to higher rates as it indicates higher risk to insurers.

How to Save on Car Insurance in Oregon

You don't need a state-sponsored program to cut costs — finding affordable car insurance in Oregon is possible with the right strategies. Here are some tips to lower your premiums:

1
Choose minimum coverage

Opting for a state-mandated minimum coverage can help you save while still meeting legal requirements to drive. This option keeps your costs low by only covering what’s legally necessary.

2
Comparison shop

By getting quotes from multiple insurers, you can compare rates and discounts. Shopping locally might yield the lowest rates and tailored options applicable to your location.

3
Look for discounts

Many insurance companies offer discounts for being a good student, maintaining a safe driving record, military service or bundling auto insurance with other policies.

4
Increase your deductible

Opting for a higher car insurance deductible can significantly reduce your monthly premium if you have collision or comprehensive coverage. Ensure you can afford your deductible if an accident occurs.

5
Consider pay-per-mile insurance

Pay-per-mile insurance is a great option for low-mileage drivers. You'll pay a base rate plus a per-mile fee, so you only cover the miles you drive.

6
Bundle your policies

If you also need homeowners or renters insurance, bundling these with your auto policy can often lead to discounts. The best home and auto bundles can save you around $496 each year.

7
Drive a cheaper car

Your car's make, model and year impact insurance costs. Using the cheapest cars to insure can save you hundreds of dollars annually.

FAQ: Low-Income Car Insurance in Oregon

Finding affordable car insurance can be challenging for drivers with low income in Oregon. Get answers to some of the most commonly asked questions about low-income car insurance in the Beaver State.

Does Oregon have a state-backed low-income car insurance program?
How can low-income families get affordable car insurance in Oregon?
Does your income affect the cost of car insurance in Oregon?
What are the benefits of usage-based telematics programs for drivers with low income in Oregon?

About Mark Fitzpatrick


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Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.