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Sara Coleman is an insurance contributor at Bankrate. She has a couple of years of experience in writing for insurance domains such as The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 03, 2022 Find cheaper car insurance A better rate is around the corner. See how much you could save in 3 minutes or less. Your information is secure Get my free quotes Select from a variety of trusted carriers + MORE How it works Caret Down Get matched with personalized offers Tell us a little about yourself so we can share accurate and personalized offers. We only ask for info we know will impact your rate. Choose the best policy for you Compare your options from carriers who want to work with you, and select as many offers as you'd like. Finalize your rate and policy details Once you pick the carrier you want, finish the process by phone with an trusted agent or entirely online. That's it! On This Page
Compare rates and save on auto insurance today! Get quotes Close X When it comes to car insurance, drivers in Oregon have dozens of providers to choose from. However, some carriers have higher rates than others. The average cost of car insurance in Oregon is $1,371 per year for full coverage and $625 per year for minimum coverage, but it’s possible to find a lower rate. To help Oregon drivers get the most affordable rates for their personal situation, Bankrate did some research and leveraged data from Quadrant Information Services to find the cheapest car insurance companies in Oregon. The cheapest car insurance companies in Oregon
To find the cheapest car insurance companies in Oregon, Bankrate utilized 2022 rate data from and identified the cheapest carriers. When comparing rates, it is important to remember that your exact rates will vary based on more than a , according to the Insurance Information Institute (Triple-I), including how much coverage you purchase, ZIP code, age, motor vehicle record, credit-based insurance score, claims history, vehicle type and annual mileage. Your exact rates could be more or less depending on how insurers weigh these rating factors, but Bankrate has compiled average premiums to help with comparison shopping. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Discover the best carrier for you
Get custom car insurance quotes from top-rated carriers in 3 minutes or less. The cheapest companies for minimum coverage in Oregon
Based on Quadrant data, the two cheapest car insurance companies in Oregon for minimum coverage are State Farm and Oregon Mutual. Although minimum coverage policies are typically the cheapest, they also provide the least amount of coverage. Minimum coverage car insurance policies only include personal liability insurance and do not offer physical damage coverage for your car. The table below highlights the cheapest minimum coverage car insurance companies in Oregon based on our research. Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium $440 $37 $447 $37 $474 $40 $474 $40 $483 $40 The cheapest companies for full coverage in Oregon
In Oregon, the two cheapest companies for full coverage car insurance are Oregon Mutual and State Farm. Full coverage car insurance is optional, but it provides significantly more protection than a minimum coverage policy. Full coverage insurance includes , as well as personal liability. Here are the five cheapest full coverage insurance providers in Oregon, based on rate data from Quadrant Information Services: Car insurance company Average annual full coverage premium Average monthly full coverage premium Oregon Mutual $902 $75 State Farm $953 $79 USAA $1,062 $89 Travelers $1,100 $82 Capital $1,144 $95 Events that can impact your cheap rates in Oregon
Regular comparison shopping among various insurance providers is essential because there are a number of circumstances that could impact your rates by hundreds of dollars. For example, if you were involved in a recent at-fault accident or need to add another driver to your policy, you can expect a change in your premium. Keep the following events in mind and how it may impact the cost of your coverage: : When adding a teen driver to your policy, you can expect premiums to increase due to additional risk inexperienced teen drivers pose. To ensure you are getting the most affordable rates when adding a teen driver to your policy, be sure to check what young driver discounts they’re eligible for to maximize your savings. : Rates are typically negatively affected for three years after receiving a speeding ticket by having a surcharge added to your policy. It is normal for your rates to increase following this type of moving violation, so shopping around for a new carrier with greater discounts and coverage may be the best option. : Being involved in an at-fault accident will also impact your premiums. You can expect premiums to increase if you are charged as the at-fault driver, which may last up to five years with a surcharge added to your policy. However, there are some auto insurers that offer first-accident forgiveness programs to counteract the premium hike for safe drivers and do not assess a surcharge. : If you are considered a high-risk driver, such as if you have a , multiple speeding tickets or at-fault accidents, you will often pay a much higher premium than the average driver in Oregon. Not only are your rates impacted, but coverage eligibility may also become more challenging as some auto insurers will not write coverage for high-risk drivers. In this case, shopping for a new carrier and policy may be the best option to find the cheapest rates possible. Cheapest cities in Oregon for minimum coverage
Your ZIP code can significantly influence how much you pay for car insurance premiums. This is why when moving to a new location is an excellent time to shop your car insurance rates, since your new ZIP code could be more or less expensive if you want to maintain the most amount of coverage for the best cost. In the table below, you can see which cities in have the cheapest average premiums for minimum coverage car insurance: City Average annual minimum coverage premium Average monthly minimum coverage premium Baker City $448 $37 Enterprise $451 $38 Halfway $451 $38 Joseph $452 $38 Cheapest cities in Oregon for full coverage
The table below illustrates the slight premium differences you may see, depending on your ZIP code, within Oregon. Cost of living, vehicle repair expenses, theft and vandalism rates and other risk factors all influence the cost of car insurance from one ZIP code to another. The following table highlights the cheapest cities in Oregon for full coverage car insurance, based on average annual rates. City Average annual full coverage premium Average monthly full coverage premium Central Point $1,164 $97 Medford $1,169 $97 Corvallis $1,173 $98 Grants Pass $1,179 $98 Minimum coverage requirements for Oregon drivers
to carry a minimum amount of liability coverage, personal injury protection (PIP) and uninsured motorist coverage to legally drive and satisfy the state’s financial liability law. This includes: $25,000 per person for bodily injury and property damage liability $50,000 per accident for bodily injury and property damage liability $20,000 per accident for damage to others’ property $15,000 per person in personal injury protection (PIP) $25,000 per person and $50,000 per accident for bodily injury in uninsured motorist coverage In lieu of a minimum coverage policy, Oregon drivers also have the option to self-insure if they meet one of the : Can prove your financial ability to pay damages after an accident Have more than 25 cars registered in your name Will agree to pay the same amount as an insurer for required coverage Meet the qualifications to act as a self-insurer If you choose to purchase a minimum coverage policy, keep in mind that it may not offer enough coverage to prevent you from paying a considerable amount out of pocket in the event of an at-fault accident. A full coverage policy will provide greater financial protection for you and your family, including optional comprehensive and collision coverage types, which provides payment when your vehicle is damaged in a covered accident, as well as non-collision losses such as theft, vandalism and storm damage. Most lenders require you to purchase full coverage if you lease or finance a vehicle to ensure all types of claims can be paid if necessary. Here is how to find and keep cheap car insurance in Oregon
Not only is finding cheap car insurance in Oregon possible, but keeping it is too, especially if you practice safe driving habits. A couple other tips for finding and keeping cheap car insurance include: Shop around and know your limits. The best way to find cheap car insurance companies and affordable rates is to compare quotes from several carriers. Premiums can vary widely from one insurance provider to another, even when the applicant information is similar. Also, be mindful of the , as this can significantly increase or decrease your premiums. Take advantage of discounts. Most car insurance companies offer discounts that can help you get a lower rate. Every car insurance provider offers different discounts, but you can often find savings for being a good student, having a clean driving record, bundling your policies, paying your premium in full and completing a defensive driving course. Frequently asked questions
The are different for everyone, because it comes down to personal preference. The cost of your coverage depends on several individual factors, including your budget, the type and levels of coverage you need, your driving history and the make and model of your vehicle. The is different for every driver, too. One of the best ways to find coverage that fits your needs is to get multiple quotes from a mix of national and regional carriers.
The in the U.S. is $1,771 for a full coverage policy. Comparatively, the average full coverage policy in Oregon costs $1,371, which is about 23% less than the nationwide average. However, minimum coverage costs slightly more in Oregon than it does nationwide. Oregon drivers pay an average of $625 per year for minimum coverage, which is about 15% higher than the U.S. average of $545 per year.
Many car insurance companies and third parties offer an online quoting tool, where you input some basic information about yourself and your vehicle and get an instant rate estimate. To generate an online quote, you will typically need to provide your name, date of birth, address and phone number, plus your vehicle’s VIN, estimated annual mileage and make, model and year of your car. You can also obtain quotes through a local insurance agent or by calling auto insurers directly.
Besides comparing multiple quotes from various car insurance companies, there are other ways to save. Reviewing all available discounts is essential, especially since you may qualify for new discounts throughout the year. Another way to lower car insurance rates in Oregon is to raise your deductibles on collision and comprehensive coverages. Since the deductible is your out-of-pocket cost for a claim, you can take on more risk in the event of a claim by choosing a higher amount, which can lower premiums, but you need to be financially prepared to handle the additional expenses. Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes. Written by Sara Coleman Insurance Contributor Sara Coleman is an insurance contributor at Bankrate. She has a couple of years of experience in writing for insurance domains such as The Simple Dollar, Reviews.com, Coverage.com and numerous other personal finance sites. She writes about insurance products such as auto, homeowners, renters and disability. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.