Cheapest Car Insurance In Oregon For 2024
GEICO offers the cheapest liability auto insurance policy for drivers in Oregon, at $41 per month.
We’ve saved shoppers an average of $600 per year on their car insurance.
Finding cheap car insurance in Oregon can be difficult, but it doesn’t have to be. GEICO, a leading insurance company, offers competitive prices and dependable service. Whether you’re looking for minimum liability or full coverage, they offer a variety of options. With rising living costs, finding an affordable policy that still meets your needs is essential.
In this guide, we’ll explore the factors that influence car insurance rates and provide tips on securing the cheapest car insurance in Oregon without compromising coverage.
Cheapest Car Insurance Providers In Oregon 2024
Cheapest Liability-Only Car Insurance In Oregon: GEICO
GEICO offers affordable minimum coverage car insurance policies in Oregon, with an average monthly rate of $41.
| Provider | Average Monthly Cost | Average Annual Cost |
| GEICO | $41 | $490 |
| Capital Insurance Group | $46 | $546 |
| State Farm | $46 | $552 |
| Kemper | $47 | $563 |
| Travelers | $49 | $583 |
To legally drive in Oregon, drivers are required to carry a minimum amount of car insurance. This coverage typically includes liability insurance, which has two parts: bodily injury liability and property damage liability. Bodily injury liability helps cover medical bills, rehab costs, and legal fees if you cause an accident that injures someone else.
Property damage liability, on the other hand, covers the costs of fixing or replacing another person’s vehicle or property if you are found at fault. These minimum coverage requirements are mandated by the state and may differ based on factors like the type of vehicle you own and your driving record. It’s essential to review these regulations and ensure that you have enough coverage to meet legal requirements and protect yourself financially.
Cheapest Oregon Car Insurance For Young Drivers
Young adults in Oregon frequently enjoy lower car insurance rates than teenagers. This is because they tend to develop safer driving habits with age, leading to fewer accidents and insurance claims. Insurance providers take these trends into consideration and offer reduced premiums to young adults based on their improved safety performance.
Cheapest Oregon Car Insurance For 16-Year-Olds: Country Financial
Country Financial has the most affordable insurance rates for teenagers aged sixteen, averaging $340 monthly.
| Provider | Average Monthly Cost | Average Annual Cost |
| Geico | $458 | $5,490 |
| State Farm | $577 | $6,925 |
| Sentry | $644 | $7,727 |
| Country Financial | $340 | $4,077 |
| Travelers | $389 | $4,661 |
Cheapest Oregon Car Insurance For 17-Year-Olds: Country Financial
Seventeen-year-olds can benefit from Country Financial lowest average premium of $306.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $380 | $4,557 |
| Geico | $405 | $4,858 |
| State Farm | $544 | $6,522 |
| Country Financial | $306 | $3,674 |
| Travelers | $352 | $4,225 |
Cheapest Oregon Car Insurance For 18-Year-Olds: Country Financial
Country Financial premiums for 18-year-olds are the most economical, averaging $272 each month.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $317 | $3,794 |
| Geico | $365 | $4,375 |
| State Farm | $489 | $5,867 |
| Country Financial | $272 | $3,259 |
| Travelers | $308 | $3,689 |
Cheapest Oregon Car Insurance For 21-Year-Olds: Travelers
Travelers offers 21-year-olds insurance at an average cost of $197 per month, the most economical option.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $228 | $2,736 |
| Geico | $236 | $2,826 |
| Progressive | $287 | $3,424 |
| Travelers | $197 | $2,362 |
| Country Financial | $210 | $2,519 |
Cheapest Auto Insurance In Oregon For Drivers With Poor Credit: Kemper
Kemper provides the best pricing for drivers in Oregon with poor credit, averaging $108 monthly.
| Provider | Average Monthly Cost | Average Annual Cost |
| Nationwide | $143 | $1,710 |
| American Family | $147 | $1,762 |
| Country Financial | $151 | $1,808 |
| Kemper | $108 | $1,295 |
| Capital Insurance Group | $125 | $1,496 |
Credit scores are an important factor in determining car insurance rates, as they help insurers assess a driver’s risk. In Oregon, drivers with poor credit are often categorized as high risk, leading to higher premiums. Since credit scores are seen as a reflection of the likelihood of filing claims, drivers with lower scores may face more expensive insurance.
However, by comparing rates and exploring discounts, drivers with poor credit can still find competitive coverage options.
Cheapest Full-Coverage Car Insurance In Oregon: Kemper
Kemper is known for offering the cheapest rates on full coverage car insurance in Oregon, with an average monthly cost of $70.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $109 | $1,313 |
| GEICO | $110 | $1,326 |
| Farmers | $112 | $1,340 |
| Country Financial | $115 | $1,386 |
| Kemper | $70 | $838 |
Drivers in Oregon who want more comprehensive protection can choose full coverage car insurance, which includes both the mandatory liability coverage and additional options like collision and comprehensive insurance. Collision insurance helps cover the cost of repairing your vehicle after an accident, even if you’re at fault, while comprehensive insurance handles damage from non-accident-related events such as theft or fire.
This type of insurance offers greater financial security in a range of situations. Make sure to review the coverage limits and deductibles in your policy to ensure you’re fully protected.
Cheapest Auto Insurance In Oregon For Seniors: Travelers
Travelers offers Oregon seniors the lowest average monthly rate of $78.
| Provider | Average Monthly Cost | Average Annual Cost |
| Travelers | $78 | $931 |
| Capital Insurance Group | $80 | $960 |
| Country Financial | $79 | $948 |
| Kemper | $86 | $1,030 |
| Progressive | $86 | $1,034 |
Seniors may qualify for lower car insurance premiums, as they are often seen as careful and experienced drivers. Insurers also take into account that many seniors drive fewer miles each year, which reduces their accident risk. Some companies offer senior discounts, and additional savings are available for those who complete a defensive driving course. These courses help seniors sharpen their driving skills, encouraging safer driving and potentially lowering insurance costs.
Cheapest Oregon Car Insurance For Good Drivers: State Farm
State Farm provides affordable car insurance at $41 per month for liability coverage.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $41 | $490 |
| Capital Insurance Group | $46 | $546 |
| Kemper | $46 | $552 |
| GEICO | $47 | $563 |
| Travelers | $49 | $583 |
In Oregon, car insurance costs for safe drivers might vary depending on their driving history, age, and preferred coverage. Generally, drivers with clean records could pay lower premiums because they are perceived as lower-risk clients by insurers.
They may also qualify for discounts for consistently maintaining a safe driving record. It’s recommended that safe drivers compare quotes from multiple insurers to find competitive rates and coverage options that fit their specific needs.
Most Affordable Car Insurance In Oregon For Drivers With Prior Incidents
In Oregon, motorists who have had accidents, speeding tickets, or DUIs often find it difficult to obtain affordable car insurance. These incidents label them as high-risk to insurers, resulting in increased premiums to offset the anticipated increase in claims. This situation is particularly noticeable in Oregon due to its higher rate of traffic incidents. Insurers base their pricing strategies on statistical analyses that show a correlation between past driving incidents and an increased probability of future claims.
Cheapest Auto Insurance In Oregon For Drivers With A Speeding Ticket: State Farm
State Farm $108 average premiums make it the least expensive option for drivers who have been cited for speeding.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $108 | $1,297 |
| Travelers | $248 | $2,974 |
| USAA | $150 | $1,802 |
| Country Financial | $163 | $1,951 |
| Progressive | $211 | $2,528 |
Cheapest Rates For Drivers With An At-Fault Accident: State Farm
With average premiums at $127, State Farm emerges as the most affordable choice, especially suitable for at-fault accident drivers.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $127 | $1,523 |
| Travelers | $280 | $3,358 |
| Country Financial | $179 | $2,142 |
| USAA | $179 | $2,145 |
| Progressive | $255 | $3,057 |
Cheapest Auto Insurance In Oregon For Drivers After A DUI: American Family
American Family $180 premiums are the cheapest available, especially for drivers who have a DUI on their record.
| Provider | Average Monthly Cost | Average Annual Cost |
| American Family | $180 | $2,158 |
| Country Financial | $187 | $2,242 |
| USAA | $195 | $2,341 |
| Progressive | $195 | $2,342 |
| State Farm | $239 | $2,867 |
Average Cost Of Auto Insurance In Oregon – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $700 | $8,403 |
| 17 | $427 | $5,125 |
| 18 | $368 | $4,411 |
| 19 | $260 | $3,117 |
| 21 | $182 | $2,178 |
| 25 | $178 | $2,141 |
| 35 | $160 | $1,925 |
| 45 | $153 | $1,833 |
| 55 | $143 | $1,712 |
| 65 | $107 | $1,289 |
| 75 | $132 | $1,587 |
Average Cost Of Auto Insurance In Oregon – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $98 | $1,180 |
| Good | $119 | $1,430 |
| Fair | $145 | $1,751 |
| Poor | $181 | $2,176 |
Average Cost Of Car Insurance In Oregon – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $1,250 |
| Male | Single | $1,350 |
| Female | Married | $1,150 |
| Male | Married | $1,075 |
Cheapest Car Insurance In Oregon By City
| City | Average Monthly Cost | Average Annual Cost |
| Portland | $133 | $1,592 |
| Salem | $112 | $1,338 |
| Eugene | $92 | $1,141 |
| Gresham | $137 | $1,649 |
| Hillsboro | $115 | $1,377 |
| Beaverton | $118 | $1,411 |
| Corvallis | $98 | $1,181 |
Minimum Car Insurance Requirement In Oregon
To legally drive in Oregon, you must have a car insurance policy that includes at least the minimum liability coverage for bodily injury and property damage, typically set at 25/50/20—$25,000 per person, $50,000 per accident, and $20,000 for property damage. Personal Injury Protection (PIP) is also required to cover medical expenses and lost wages.
Drivers may opt for the Health Insurance Primary (HIP) option, which makes health insurance the primary coverage for medical expenses, but not all health insurance plans are eligible for HIP.
Car Insurance Discounts In Oregon
Navigating car insurance becomes easier when you seek out discounts specific to your situation. Your insurance agent may also reveal additional discounts you’re not yet using. Here’s a list of common discounts:
- Safe Driver Discount: Awarded to drivers with no accidents or violations.
- Multi-Vehicle Discount: Savings for insuring multiple vehicles on the same policy.
- Bundling Discount: Combining auto insurance with other policies, like home insurance, can result in savings.
- Good Student Discount: Students with good grades can enjoy reduced premiums.
- Defensive Driving Discount: Completing a defensive driving course may earn you a discount on your premium.
Our Methodology
For our study, I used a systematic method to gather and analyze data on different car insurance providers and their policies. First, I identified key aspects to assess, such as coverage options, pricing, customer satisfaction ratings, and financial stability. Next, I gathered information from reliable sources including insurance company websites, consumer review platforms, and industry reports. Once the data was gathered, I organized it into categories and evaluated each insurer based on predetermined criteria. This involved comparing coverage options, premium rates, discounts offered, and customer feedback to determine the strengths and weaknesses of each provider.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
FAQs
How much is car insurance a month in Oregon?
In Oregon, the average monthly expense for car insurance fluctuates based on the driver’s age, driving record, and chosen coverage.
What is the minimum car insurance one must have in Oregon?
Car insurance requirements in Oregon specify that drivers must have liability coverage for bodily injury and property damage, as well as Personal Injury Protection (PIP) coverage.
Which insurance is better in Oregon?
Finding the best insurance in Oregon depends on individual preferences, driving habits, and coverage needs. It’s recommended to compare quotes from multiple insurers to determine the best choice.
