TheAverage cost of car insuranceBeaverton, Oregon has minimum coverage of $775 and full coverage at $1,495 per annum. You may struggle to choose between the best and the most affordable coverage.Car insurance Beaverton at the lowest priceThere is no need for you to choose between high coverage or low prices.Numerous auto insurance companies offer lower rates and extensive coverage options in Beaverton. These include Geico, State Farm, and Travelers.
In 2019, there were over 50,000 vehicle crashes in Oregon, further solidifying the need for proper auto insurance coverage. Bankrate might be able to help you find the right car insurance policy for you in Beaverton.
Best car insurance companies Beaverton
Bankrate’s editorial team looked at the average annual rates offered by Quadrant Information Services, as well as coverages and discounts. They also ranked the top insurance companies in Beaverton by third-party rankings.
When shopping for the best car insurance, Beaverton drivers might want to get quotes from these providers:
Travelers
Travelers not only offers the usual insurance coverage you would expect from a national carrier but also offers special coverages like rideshare insurance or new car replacement. Unique discounts are what makes Travelers stand out. Bundling policies and driving an electric car can save policyholders money.
Geico
Geico began offering insurance products more than 75 years ago. Based on market share, Geico has grown to be the second-largest auto insurance provider in the country. Geico’s score is slightly lower than the other carriers on the J.D. It did not score as high in the Power survey but maintained an A++ (Superior), financial strength rating with AM Best. Geico doesn’t offer the most comprehensive coverage options but may still be able to provide you with a wide range of discounts.
Progressive
Progressive was established in 1937. Based on market share, it is currently the third-largest auto insurance provider in the United States. Progressive is not as competitive in the J.D. While Progressive does not score as well in the J.D. Power survey, it earns an A+ (Superior), financial strength rating from AM Best. There are many discounts offered by the company, including multi-car and multipolicy savings as well as paperless statements and full premium payments.
State Farm
State Farms is the top-rated company in customer satisfaction according to J.D. Power in the Northwest region scored 844 points out of 1,000. Although State Farm doesn’t offer the same coverage options as other carriers it does provide innovative communication features. You can access policy management features via the highly-rated smartphone app, and even contact your agent if needed.
Car insurance at the lowest price in Beaverton
Insurance in Beaverton costs an average of $775 per year for minimum coverage, and $1495 per year for full coverage. Oregon’s average premium for full coverage is $1,346 annually, while the national average premium for full coverage is $1,674. Beaverton drivers average less than the Oregon national average, but pay a little more each year for full coverage.
Although finding the lowest rates can help you find coverage that suits your budget is one of many factors. Geico doesn’t offer the same coverage options as Nationwide and Progressive. Geico does offer discounts that go beyond the lower premiums.
Insurance requirements for Beaverton
Oregon requires drivers to carry at least a minimum amount of car insurance coverage to legally drive. The minimum coverages required in Oregon are:
- $25,000 per person for bodily injury
- $50k bodily injury per accident
- Property damage to others up to $20,000
- $15,000 personal injury protection (PIP)
- $25,000 uninsured motorist bodily injury per person
- $50,000 bodily injury to an uninsured motorist per accident
Although minimum coverage is often the most affordable option for car insurance, it may not be the best for your financial future. In an accident at fault, you are responsible for any damages or injuries. You will be responsible for paying out of pocket if the bills are more than your insurance coverage. To help you avoid stress and financial loss, higher liability limits offer greater financial protection.
Additional, collision and comprehensive are not covered by state minimum requirements. These options provide coverage for vehicle damage. If you have a loan or lease on your vehicle, your lender likely requires you to carry a full coverage policy, which includes comprehensive and collision.
Discounts on car insurance in Beaverton
To find the cheapest auto insurance rates, one of the best strategies is to use as many discounts as possible. Many insurance companies in Beaverton offer discounts that can help you lower your premium. Common discounts include:
- Multi-vehicleMulti-vehicle discounts are often available for those who insure more than one vehicle with the company.
- Multi-policy:Ask about discounts if you already have homeowners or renters insurance policies from a carrier.
- Excellent studentA B average or higher for full-time students less than 25 years old could help you get a student discount at some companies.
- Homeowner discount:Policyholders who own a house are eligible for this discount, regardless of whether they have home insurance policies.
It is easy to save premiums by knowing the various discounts that are available. You can save even more by signing up for telematics and going paperless with your statements.
Questions frequently asked
Which is the best auto insurance company?
To find the best car insurance company in Beaverton, you may want to compare quotes from multiple carriers. You can compare quotes from multiple carriers to see financial strength ratings, customer reviews, coverage options, and available discounts. This information can help you decide which policy is best for your budget and lifestyle.
What amount of car insurance do you need in Beaverton
To drive legally in Oregon, you only need to have Oregon’s minimum coverages. However, depending on your situation, you might need more coverage. For drivers who have financed or leased vehicles, they will need collision and comprehensive coverages. Insurance experts recommend you buy higher levels of liability coverage than what the state requires. You may also want to look into optional coverages like roadside assistance or car rental coverage.
What are the factors that determine my car insurance premiums?
Insurance companies use their own methods of rating policies. To determine your premium, most insurance companies will use your age, gender, vehicle type, coverages and levels, driving record, and ZIP code. Insurance premiums are determined by risk. To compensate for higher claims likelihood, insurance companies will charge drivers who are more likely to be at risk a higher premium.
