Average Car Insurance Cost in Oregon (Annual and monthly Rates)

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If you are looking for auto insurance in Oregon, knowing how much it will cost is a promising idea. The average premium for car insurance in Oregon is $1,244 per year or $104 per month. While the national average is $1,682. There is a difference of $438 less between the national average and the state average.

If you live here, you know that already. But do you know why? There are a range of factors that affect car insurance rates. A few of them are –age group, gender, driving history, credit score, and location where you live.

Apart from the factors which affect auto insurance rates, this guide also talks about the average rate of full coverage in state, companies offering cheap monthly premiums for car insurance, average car insurance rates by cities in Oregon, and car insurance rates by age group.

Shop around and compare quotes to save money on your auto insurance. Keep reading the guide to make sure the insurance policy does not cost you more than your requirements.

Summary of average car insurance cost in Oregon
Average annual cost $1,244	Average per month cost $104	Average cost for state minimum coverage $551 / Year
Cheapest car insurance company Nationwide ($953/ Year)	Average cost for young drivers $2,048 / Year	Average cost for Senior drivers $1,238 / Year

Key Takeaways

The average car insurance cost in Oregon is $1,244 per year, based on Insure.com’s analysis.
In Oregon, the average premium for car insurance is $104 per month.
Nationwide has the cheapest car insurance rates in Oregon, at an average annual rate of $953 a year.

Average car insurance cost in Oregon per month

In Oregon, the average premium for car insurance is $104 per month.

The price for the same coverage may differ between companies, which is true of every auto insurance company. When looking for car insurance rates in Oregon, it is a promising idea to get quotes from many firms.

As per the rate analysis conducted by Insure.com, the company which offers cheapest car insurance premiums in Oregon is Nationwide. The average annual cost is $953 while the average cost per month is $79. The second-best option available is, State Farm, offering insurance at an average per month cost of $80.

The table below lists the other available car insurance companies which offer car insurance in Oregon, along with their average cost per month and average annual cost.

Company name	Average per month cost	Average annual cost
Nationwide	$79	$953
Geico	$80	$957
State Farm	$80	$957
USAA	$85	$1,020
Auto-Owners	$94	$1,130
Travelers	$96	$1,154
American Family	$107	$1,283
Progressive	$112	$1,345
Kemper Insurance	$122	$1,460
Farmers Insurance	$123	$1,477

Read our guide to best car insurance companies of 2022

Average cost of car insurance by coverage levels in Oregon

The amount of coverage you purchase has an impact on how much car insurance costs in Oregon. Your premium is determined by your liability limits, as well as whether you want comprehensive and collision coverage.

Liability only insurance protects a third party’s property damage and personal injuries in the event of an accident. In the case of a collision, having only liability coverage on your auto insurance would not cover your injuries or personal property damage since you are the driver responsible for the accident. If your coverage limit is 50/100/50 Liability only, the average cost per year in Oregon is $594.

When you add more coverage to your policy, your insurance premium increases. As the insurance provider will have to compensate you if you are in an accident or suffer damage in any other manner. Hence, the average cost of full coverage car insurance in Oregon is $1,244 per year.

For someone who does not own the car, but frequently rents a car, non-owner state minimum liability coverage is best suited. It is like liability-only coverage and covers for property damage and bodily injury caused to another driver. In Oregon, the average annual cost for non-owner state minimum liability only is $483.

And for those who wish to save money on car insurance premiums can opt to have only the state minimum liability coverage, to be able to legally drive in the state. The state minimum liability only coverage costs $551 per year in Oregon.

Coverage limits	Average annual cost
50/100/50 Liability Only	$594
100/300/100 Liability with $500 Comp/Coll Deductible	$1,244
Non-Owner State Minimum Liability Only	$483
State Minimum Liability Only	$551

Average car insurance cost in Oregon by City

Your car insurance premium is determined by a variety of factors, including your state, city, and even ZIP code. The incidence of accidents and the likeliness of vehicle theft or vandalism can influence the overall cost of a city or ZIP code.

The table below depicts the top popular cities in Oregon:

City	Average annual cost
Portland	$1,538
Salem	$1,294
Eugene	$1,112
Gresham	$1,555
Hillsboro	$1,343
Bend	$1,143
Beaverton	$1,396
Medford	$1,138
Springfield	$1,121
Corvallis	$1,108

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in Oregon by city

Average car insurance cost in Oregon by age of the driver

Age is also a consideration when it comes to auto insurance rates. Teens are more likely to be in automobile accidents than any other generation. For example, the average annual rate for young drivers in Oregon is $2,048 while for seniors is $1,238. Here, the rate for young drivers is $810 more than the rate for senior drivers.

According to statistics, young drivers are more likely to be in a vehicle accident than more experienced drivers. As a result, they are deemed high-risk and costly to insure. They are considered a high-risk driver because of over-speeding and less driving experience on road. Although, premiums start to rise again about age 70 when some aspects of aging start affecting driving abilities.

Average car insurance cost in Oregon for young drivers

The average car insurance cost for female young drivers in Oregon is $1,980 per year or $165 per month and rate for a male young driver is $2,116 per year or $176 per month.

The average annual rates for young male and female drivers are listed in the table below:

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
18	$4,323	$3,984
19	$3,093	$2,831
20	$2,833	$2,581
21	$2,197	$2,044
22	$1,972	$1,864
23	$1,841	$1,749
24	$1,738	$1,661
25	$1,498	$1,480

Average car insurance cost in Oregon for senior drivers

In Oregon, the cost of car insurance for senior female driver is $1,239 per year or $103 per month and cost of car insurance for male senior driver is $1,236 per year or $103 per month.

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
65	$1,176	$1,189
70	$1,253	$1,265
75	$1,468	$1,428

Cheapest cars to insure in Oregon

Make	Model	Average annual premium
Mazda	CX-5 S	$1,143
Ford	Transit Connect Titanium	$1,158
Subaru	Forester 2.5I	$1,159
GMC	Savana G2500	$1,168
Mazda	CX-30 S	$1,171
Mini	Cooper SE	$1,172
Chrysler	Voyager LX	$1,175
Honda	CR-V EX	$1,181
Kia	Seltos EX	$1,197
Toyota	C-HR Limited	$1,198

Most expensive cars to insure in Oregon

Make	Model	Average annual premium
Maserati	Levante Trofeo	$4,253
Maserati	Quattroporte	$4,243
Maserati	Ghibli Modena	$3,708
BMW	M8 Competition XDrive	$3,630
Maserati	Ghibli GT	$3,595
Audi	RS6 Avant Quattro	$3,383
Audi	RS E-tron GT	$3,375
Audi	R8 5.2L V10 Quattro Performance	$3,356
BMW	M850i XDrive	$3,349
Maserati	Ghibli Trofeo	$3,217

Note: For coverage limit: 100/300/50 liability with a $500 comprehensive and collision deductible.

Methodology

Insure.com gathered data with the help of Quadrant Information Services from major insurance companies across Oregon. The rates are based on the profile of a 40-year-old male who drives a 2021 Honda Accord LX with a clean record and full coverage policy.

The coverage limit for a full coverage policy is 100/300/100 liability with a $500 comprehensive and collision deductible. The numbers 100/300/100 represent $100,000 coverage for bodily injury per person, $300,000 in bodily injury per accident and $100,000 for property damage.