According to Bankrate’s 2021 study on annual premiums, Salem, Oregon has an average car insurance cost of $719 for minimum coverage and $1,416 for full coverage.The Bankrate insurance editorial team discovered thatOregon MutualAndUSAASalem offers some of the most affordable car insurance. These companies offer personalized policies, multiple discounts options and excellent customer reviews.
Salem drivers might be able to get lower rates and better coverage to protect themselves financially in the event of a fatal accident. Bankrate compared insurance companies offering coverage in Salem to find the best cheap car insurance based on average rates, discounts, coverage options and customer satisfaction.
Salem’s best car insurance company
We looked for insurance companies in Salem that offered affordable rates, generous discounts and customizable coverage options. These five companies were selected by Quadrant Information Service and based on their overall ratings. They are the most affordable car insurance companies in Salem.
Oregon Mutual
Oregon Mutual, a local insurance provider, is located in McMinnville. With an average annual premium $933 for full coverage and $498 for minimal coverage, the company has some of Salem’s most affordable car insurance policies.
Oregon Mutual is a relatively small carrier but offers a wide range of coverages. Add to your policy accident forgiveness, roadside help, a decreasing deductible, and new car replacement coverage. You can also get discounts for taking defensive driving courses, getting a quote beforehand and being deployed to the military.
USAA
USAA is widely regarded as one of the top insurance companies in the market. J.D. satisfaction scores are high for USAA. Power. USAA has one catch. You must be eligible for coverage. USAA only covers active duty and retired military personnel as well as their spouses, children, and dependents.
USAA offers competitive rates as well as excellent claims handling and customer service. They also offer great coverage options, generous savings opportunities, and good coverage options. You can get discounts for taking a driver’s training course, insuring your new vehicle, bundling insurance policies, driving less than a certain amount of miles each year, and garaging your car on a military base.
State Farm
The 2021 J.D. State Farm is the top-ranked auto insurance company in the Northwest region of Power U.S., which includes Oregon. As the largest car insurance company in the nation, State Farm offers lower-than-average rates for Salem drivers without sacrificing coverage options.
State Farm has more than 19,000 agents across the country, giving them a personal touch in this digital age. You can customize your insurance by adding coverages such as car rental reimbursement in the event your car is declared undriveable due to an accident or rideshare insurance for drivers who use your car for transportation. Roadside assistance provides 24/7 coverage so that you can call someone if your car breaks down.
Geico
Geico’s policies for car insurance are generally more affordable than those offered by other providers in Salem. However, coverage is less comprehensive and there are fewer options for personalization. Geico’s biggest advantage is its long list of discounts.
The company offers competitive rates in addition to savings for federal employees, military personnel and emergency deployment. It also has savings opportunities available for employer and member groups.
Progressive
For a number of reasons, Progressive is our top pick for cheap car insurance in Salem. Progressive offers great discounts, low rates and access to online tools and resources. According to the provider, Progressive helps drivers save an average of $750 each year by switching to them.
Progressive offers discounts to drivers for paying in full, enrolling in automatic payment, bundling policies, and owning a house. Good drivers can sign up for Progressive’s Snapshot safe driver discount program, and use the Name Your Price Tool to design a policy that fits within their personal budget.
Salem has the lowest car insurance
Car insurance in Salem is less expensive than the national average annual rate for full coverage, which is $1,674. In Oregon, the average driver in the state pays $1,346 per year for full coverage insurance, while Salem drivers pay on average $1,416 for the same coverage annually. Rates are determined by your driving record, credit score, and age. The same goes for the insurance company you choose. Below is a table that lists the best car insurance options for Salem, ranked by market share.
These five companies may offer the lowest rates in Salem but each has its pros and cons. USAA does not serve drivers, but only military personnel and their families. Travelers and Nationwide offer good coverage options. Geico and State Farm may have fewer policy options than Geico, but they offer financial strength and discounts.
Progressive, USAA, and Geico are the best in terms of discounts. If you’re looking for savings that are specific, such as a discount to hybrid owners, Travelers might be a good choice. Geico is also the only company that offers a discount to federal employees or employer/membership group members.
Salem insurance requirements
Every driver who has a vehicle registered in the state of Oregon must carry at least 25/50/20 liability and uninsured/underinsured motorist insurance. Oregon drivers must also have personal injury protection (PIP). These are the insurance requirements for Oregon and what they cover.
- $25,000 bodily injury coverage per individual
- $50,000 per accident bodily injury coverage
- $20,000 in property damage coverage per accident
- $15,000 per person in personal injury protection (PIP).
- $25,000 per person in uninsured motorist insurance
- $50,000 in uninsured motorist coverage per accident
Drivers who want the cheapest car insurance in Oregon may consider a minimum coverage policy. However, increasing your liability limits could be a smart decision as minimal coverage insurance may not cover all the costs of an accident. Drivers who lease or finance their vehicle must also have full coverage insurance until the loan is repaid.
Salem: Car insurance discounts
Many car insurance companies in Salem offer discounts that can lower your premium. These are the most popular car insurance discounts offered by providers in Salem.
- Claims-free discount:Drivers with no previous claims or claims in the past few years can often get a discount on their insurance policy.
- Get a full discount when you pay in fullMost insurance companies will reduce your rate if you are able to pay your annual premium in full and upfront.
- Good student discount:Students with a good GPA are often eligible for car insurance savings.
- Defensive driver discount:Drivers who successfully complete a defensive driving course are eligible for a discount from many insurance companies.
There are different companies that offer car insurance discounts in Salem. The amount you can save varies. Most often, the home and auto bundle discount offers the highest discount percentage. You can offset higher premiums if you have a teenager driver by using the good student discount or having them complete a driver’s training program. You will be eligible for safer driving discounts the longer you wait to file a claim. Accident forgiveness is offered by some companies if you don’t have any claims for three years. This will guarantee your rate even if there has been an at-fault incident.
Questions frequently asked
Which is the best auto insurance company?
The best car insurance company varies by each driver’s unique situation. It all depends on your budget and coverage requirements. Some drivers want the best customer service while others are looking for discounts or the lowest policy. Start narrowing your choices by comparing providers according to your criteria. Get personalized quotes.
What is the cost of car insurance in Salem?
Average car insurance quotes in Salem are $1,416 for full-coverage insurance and $719 to cover minimum coverage. You might pay more or less depending on your age and claims history, credit score and gender, as well as the vehicle’s value.
Is Oregon fault- or no-fault?
Oregon is a state that is at fault. If you are involved in an accident in Oregon, the person deemed at fault in the accident is responsible for covering the other party’s injuries and property damage. You may be sued if you are found to be at fault for damages that exceed your liability limits. Insurance experts recommend that you purchase as much liability insurance coverage as possible, especially in states where there is at-fault.
Is driving without insurance legal in Oregon?
It is illegal to drive in Oregon without having at least the minimum state liability insurance coverage and PIP coverage. If you are found to be driving without insurance in Oregon, you could face penalties, including fines up to $1,000, license suspension and the possibility of having your car impounded. Oregon law requires carrying SR-22 insurance to get your license back if it is suspended.