Average car insurance cost in Hillsboro, OR

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The average car insurance cost in Hillsboro, Oregon is $1,757 per year, according to Insure.com data analysis. Also, the car insurance rates in Hillsboro is $79 more than the average rates in Oregon and $138 less than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Hillsboro, the average car insurance rates categorized by age and gender, and the cost of car insurance in Hillsboro based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Hillsboro. Read on to learn more.

Cheap car insurance companies in Hillsboro

Oregon Mutual Insurance offers the most affordable car insurance in Hillsboro for coverage limits of 100/300/100 at $1,240 per year.

The Travelers comes close second offering car insurance at $1,411 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Hillsboro that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Hillsboro, Oregon:

Read about the best car insurance companies.

Average car insurance cost in Hillsboro by coverage limits

The average car insurance rates in Hillsboro based on coverage types are as follows:

• State minimum coverage: $796 per year (limits are 25/50/25)
• Liability only coverage: $878 per year (limits are 50/100/50)
• Full coverage: $1,757 per year (limits are 100/300/100)
• Non-owners coverage: $485 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Hillsboro

The average car insurance per year for female drivers in Hillsboro, Oregon, is $1,804.

Whereas the yearly average car insurance rate for male drivers is $1,709, which is $95 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Hillsboro

In Hillsboro, car insurance rates are the highest for teens, at $6,220 per year or $518 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $2,742 per year for their car insurance which is $3,478 less than what the teens pay for their insurance policy.

The car insurance rates in Hillsboro for adult and senior drivers are $1,749 and $1,823 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Hillsboro

Examining the trends in car insurance rates in Hillsboro, Oregon it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 28%, or $380.

The table below shows the trend for last four years:

Conclusion

In conclusion, Hillsboro’s car insurance rates are higher than the average insurance rates in Oregon. Drivers in Hillsboro can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.