Car insurance in Oregon is a legal requirement for the nearly 3.1 million licensed drivers who own a registered vehicle in the state. The average cost of car insurance in Oregon is $1,346 for a full coverage policy and $610 for a minimum coverage policy. If you choose a provider with low rates, Oregon drivers might be able find cheaper car insurance.
Oregon has the cheapest car insurance
Finding cheap car insurance in Oregon is relatively easy, thanks to low insurance rates in the state, but drivers should know that not all car insurance companies are created equal. Bankrate also reviewed J.D. Bankrate also reviewed J.D. to determine their power ratings, coverage options and discounts available for Oregon insurance providers. These are the best car insurance providers in Oregon, and their average annual minimum coverage and full coverage premiums:
Travelers
Travelers insurance has the lowest average premiums for car insurance in Oregon, with both minimum and full coverage. Travelers offers unique coverage options such as new car replacement, in addition to the low rates.
Oregon drivers might be able save money by using Travelers’ list of discounts. Travelers offers savings options for homeowners, electric and hybrid vehicle owners as well as smart students and students who are away from school.
USAA
Oregon residents who are veterans or active duty military personnel can apply for USAA car insurance. USAA is widely regarded as one of the top car insurance companies. USAA does not qualify for J.D. Power is not eligible for J.D.’s official ranking, but the company receives high customer satisfaction scores.
USAA offers low rates, but policyholders have access to discounts such as savings on new vehicles, legacy customers, garaging vehicles at military bases, good students, and defensive driving courses.
State Farm
State Farm policies for car insurance are less expensive than the Oregon average rate. An average driver will pay $1,093 to get full coverage and $527 to get minimum coverage. To get a lower rate, drivers can take advantage of discounts. It also ranks first in the 2021 J.D. The Power U.S. Auto Insurance Study shows that customers are generally satisfied with the claims service.
State Farm policyholders in Oregon can save money by enrolling into one of two safe driver discount programs: Drive Safe & Save for adults or Steer Clear for teens. You can also get discounts for being a good student and taking defensive driving courses, as well as having multiple vehicles insured and bundling multiple policies.
Country Financial
Country Financial is not available in Oregon, but it is available in 19 other states. Country Financial’s premiums are among the most expensive on our list. However, its average full-coverage premium is slightly lower than Oregon’s. It may still be worth getting a quote.
Country Financial is smaller than other companies, but this could be because its agents are more familiar with Oregon drivers. Country Financial provides basic car insurance policies, with the option to customize your coverage. Country Financial’s “The Keeper”, coverage will cover you for the cost of buying a new vehicle if your car is less than four years old.
Progressive
Progressive offers a variety of customized vehicle coverage options, including ATV, boat, golf cart, and motorcycle insurance. You can even get classic car insurance for your antique. For additional savings, you can combine your car and home insurance.
Progressive also boasts its own programs via its Name Your Price Tool and signature Snapshot program that rewards safe drivers. Multi-faceted auto insurance coverage includes rental car reimbursement, equipment and loan/lease payment insurance. Also known as gap insurance.
Oregon drivers must have minimum coverage
Oregon drivers must have a minimum level of personal liability insurance coverage. Oregon’s minimum coverage is represented as 25/50/20, which includes:
- $25,000 bodily injury coverage per individual
- $50,000 per accident bodily injury coverage
- $20,000 in property damage coverage per accident.
Oregon’s car insurance laws require drivers to have personal injury protection (PIP) with a minimum limit of $15,000 per driver. PIP insurance covers you and any passengers in your car for medical expenses and lost earnings after a crash. It does not matter which driver caused the accident. Oregon drivers are required to have uninsured motorists coverage that covers $50,000 per accident and $25,000 per person.
The lowest rates are often paid by drivers who have the minimum required insurance. Car accidents can be costly and Oregon’s minimum coverage limits may not cover all costs. You will be responsible for any damages you cause beyond your coverage limits. Liability-only insurance does not provide protection for your vehicle.
How to Get Cheap Oregon Car Insurance
Drivers who are looking for the cheapest car insurance in Oregon should consider some alternative ways to get a low rate. These are other ways you can lower your car insurance.
- Compare quotes: It may prove beneficial to compare insurance rates from different companies in Oregon. You can then compare the rates offered by different companies for the coverage that you require.
- Your deductible can be increased: An increase in your deductible will usually lower your monthly premium. Before you change your deductible, ensure that you have the funds to pay for it. You could have one deductible for each type of vehicle coverage if you have full coverage.
- You can pay your annual premium upfront, and in full.
- You can improve your credit score. Your insurance rate could be affected by your credit score. A higher credit score can help you receive a lower premium.
The price of a policy is often the most important factor in purchasing car insurance. Before making a purchase, consider the company’s customer service ratings, available coverage, discounts, financial strength ratings, claims service reviews, and financial strength ratings.
Questions frequently asked
Which Oregon insurance policy is best?
The best car insurance companies are different for everyone, because it comes down to personal preference. Pricing is dependent on many factors such as your budget and what level of coverage you require, your driving record, and the type of vehicle you drive. The best car insurance company in Oregon is different for every driver, and one of the best ways to find coverage that fits your needs is to get quotes from several different carriers.
What is the average cost for car insurance in the United States?
The average cost of car insurance in the United States is $1,674 for a full coverage policy. The average Oregon full coverage policy costs $13,46. Oregon drivers pay $375 less than the national average. Oregon’s minimum coverage is slightly more expensive than the national average. Oregon drivers pay $610 annually for minimum coverage. The national average is $565.
How do I get a car insurance quote?
A lot of car insurance companies offer online quotes. This allows you to input basic information about your vehicle and receive an instant rate estimate. Your name, address, and sometimes your social media number will be required. To help save you time, Bankrate offers a convenient price tool that allows you to find and compare auto insurance quotes from the country’s leading insurance providers.
