Cheapest car insurance in Oregon

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Oregon Mutual Insurance provides the cheapest car insurance in Oregon at $1,147 a year. Your rates may vary, but the average premium is $140 per month in Oregon, according to Insure.com’s rate analysis.

Car insurance requirements vary by state, and in Oregon, drivers must carry at least the minimum liability coverage: $25,000 for bodily injury protection per person, $50,000 of bodily injury coverage per accident, and $20,000 for property damage per accident.

However, many drivers choose to purchase full coverage car insurance, which provides additional protection in the event of an accident.

Below, you’ll find which insurance companies are the most affordable for different categories.

Cheapest overall: Oregon Mutual Insurance

$1,147/year

National avg. rate

Cheapest for at-fault accident: Nationwide

$1,847/year

Avg. rate after an at-fault accident

Cheapest for speeding ticket: State Farm

$1,609/year

Avg. rate after speeding ticket

Cheap car insurance companies in Oregon

Oregon Mutual Insurance offers Oregon’s most affordable car insurance rates, at $1,147 per year, 32% less than the state’s annual cost. However, your rate may differ based on personal factors like your driving history, ZIP code and vehicle type.

When looking for auto insurance, make sure to compare quotes from at least three different companies to ensure you’re getting the best coverage.

The table below shows the most affordable car insurance companies and their average annual premiums.

How we choose the cheapest car insurance companies in Oregon

170+

Carriers reviewed

53M+

Quotes analysed

34K+

ZIP codes examined

Cheapest ZIP codes for car insurance in Oregon

The 97333 ZIP code in Oregon has the cheapest auto insurance, with an average price of $1,449 annually. Discover the cheapest ZIP codes for car insurance in Oregon below.

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.

Cheapest car insurance in Oregon by age

In Oregon, insurance rates for young drivers are significantly higher than for adults, as they are more prone to accidents and filing claims. Insure.com’s analysis shows that a 16-year-old pays $6,226 more for car insurance than a 40-year-old driver.

The following table shows the cheapest car insurance premiums for drivers of different ages.

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Cheapest car insurance in Oregon by driver history

Your driving history plays a key role in determining your car insurance rates. If you cause an accident or are convicted of a driving offense, your premiums are likely to rise. However, a clean driving record indicates that you are a low-risk driver, which can result in lower insurance costs.

Cheapest car insurance after a speeding ticket in Oregon

Below is a list of the top three companies that provide affordable car insurance for drivers with a speeding ticket.

• State Farm: $1,609 per year
• Travelers: $1,974 per year
• Nationwide: $2,264 per year

A single speeding ticket in Oregon can cause your insurance rates to go up by 34%, or $566, according to Insure.com’s analysis.

Dealing with a speeding ticket can be a hassle, as it involves paying a fine and facing increased insurance rates. However, there are some insurers who offer affordable premiums to drivers with a speeding ticket on their record.

Cheapest car insurance after an accident in Oregon

Here are the top three companies that offer cheap car insurance after an accident:

• Nationwide: $1,847 per year
• State Farm: $1,884 per year
• Travelers: $1,908 per year

Nationwide offers the cheapest car insurance rates to drivers after an at-fault accident at about $1,847 a year.

If you are in an accident and are at fault, you will probably see your car insurance premiums increase. However, this does not mean you can’t shop around to find better rates.

Below, you’ll see which companies have cheap car insurance for drivers with one accident on their record.

Cheapest car insurance after a DUI conviction in Oregon

Below is a list of the top three companies offering affordable car insurance following a DUI conviction.

• State Farm: $1,609 per year
• Travelers: $2,070 per year
• Progressive: $2,131 per year

If you’ve recently been convicted of a DUI, you might be concerned about how it will impact your car insurance rates. Most insurance companies will consider you a high-risk driver and increase your premiums. But some insurers offer relatively affordable rates.

The table below outlines the insurance companies that offer the most affordable car insurance rates following a DUI conviction.

Average car insurance cost in Oregon

Full coverage insurance typically costs more than minimum liability insurance, but for most drivers, the additional expense is worthwhile. On average, full coverage car insurance in Oregon is $217 less than the national average.

Full coverage limits vary, but getting a policy with limits of 100/300/100 is recommended for added protection.

What is full coverage car insurance in Oregon?

Full coverage car insurance includes bodily injury liability, property damage liability, as well as comprehensive and collision coverage. Collision insurance protects your vehicle if it’s damaged or destroyed in an accident, while comprehensive insurance covers damage caused by non-collision events like weather or theft.

If you lease or finance a car in Oregon, your lender may require you to buy collision and comprehensive insurance in addition to the state-required liability coverage.

Final thoughts

While it’s common to look for ways to lower your car insurance premium, cutting corners on coverage could end up costing you much more in the long run.

Before purchasing an auto insurance policy, consider your specific needs to ensure you’re adequately covered. Since insurance rates can vary, it’s a good idea to compare quotes from multiple companies to find the right policy in Oregon.

Methodology

Insure.com gathered data from Quadrant Information Services to get car insurance rates in Oregon. The rates are based on a sample profile of a 40-year-old male and female driving a Honda Accord LX with a good insurance score and no violation on record for a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductibles.

We analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes nationwide.

To determine car insurance rates for high-risk drivers with a history of traffic violations, we used a sample profile of a 40-year-old male and female driver who own a Honda Accord LX.

We also used sample profiles of drivers from different age groups: Teen drivers (Age 16-19), young drivers (Age 20-24), adult drivers (Age 25-60) and senior drivers (Age 65-75)

We determined the premiums for a high-risk driver with the following incidents applied

1. 1 At-fault property damage accident over $2K
2. 1 At-fault property damage accident under $2K
3. At-fault bodily injury accident
4. Poor credit
5. DUI/DWI first offense
6. Speeding 30+ over limit
7. Speeding ticket 1-10 MPH over limit
8. Speeding ticket 11-29 MPH over the limit

These are sample rates, and your exact rates may vary.

Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.