Cheapest Car Insurance in Oregon (2024)
- Expertise: Auto insurance, home insurance and renters insurance
- Education: Sonoma State University (BA in English)
Aaron Besson has worked at LendingTree for more than seven years and has been a staff writer for the last five years. He specializes in producing research-backed content about auto, home and renters insurance. Aaron enjoys the deep dig into insurance data to get the right answers to hard questions. His work has been cited by CBS, iHeart Radio, the Sacramento Bee and Yahoo.
State Farm has the lowest full-coverage car insurance rates in Oregon, at $1,244 a year. Country Financial is the second cheapest at $1,564, followed by American Family at $1,629.
Cheapest full-coverage car insurance in Oregon: State Farm
Oregon drivers looking for the most affordable full-coverage car insurance will probably get the cheapest rates with State Farm, at an average of $1,244 a year.
Country Financial comes in second, at $1,564 a year on average.
By comparison, the average cost of full-coverage auto insurance in Oregon is $2,115.
Cheapest companies for full-coverage car insurance
| Company | Average Annual Rate |
|---|---|
| State Farm | $1,244 |
| Country Financial | $1,564 |
| American Family | $1,629 |
| Progressive | $1,802 |
| Travelers | $2,284 |
| Geico | $2,633 |
| Farmers | $3,173 |
| Allstate | $3,374 |
| USAA* | $1,334 |
*USAA is only available to military customers and their families
Full-coverage car insurance combines liability coverage with two other types: collision and comprehensive. Collision coverage pays for your damage claim after an accident. Comprehensive coverage takes care of damages due to noncollision-covered perils, such as a fallen tree branch or car theft.
While USAA is actually the second-cheapest company after State Farm, it offers insurance coverage only to active-duty and veteran military members, as well as their immediate families.
Oregon does not require drivers to carry full-coverage car insurance, but if you bought your car through a lender, it will most likely require you to carry the insurance until your loan is paid off.
Cheapest Oregon liability coverage: State Farm
State Farm has the lowest rate for liability car insurance in Oregon, with an average of $651 a year.
Country Financial is the next cheapest for most drivers, at $697 on average.
Overall, Oregon drivers pay an average of $1,092 for liability auto insurance.
Cheapest companies for liability car insurance
| Company | Average Annual Rate |
|---|---|
| State Farm | $651 |
| Country Financial | $697 |
| Progressive | $813 |
| American Family | $1,059 |
| Travelers | $1,150 |
| Geico | $1,225 |
| Farmers | $1,679 |
| Allstate | $1,894 |
| USAA* | $657 |
Liability car insurance covers injury and property damage to other people in an accident you’re found responsible for. Unlike full coverage, it doesn’t include damage to you or your car.
Cheapest rates for young drivers in Oregon: Country Financial
Teens in Oregon looking for liability car insurance will probably get the cheapest rates with Country Financial, at an average rate of $1,349 a year.
State Farm is the next cheapest choice for young drivers, with an average premium of $1,902 a year.
Cheapest liability car insurance companies for young drivers
| Company | Average Annual Rate |
|---|---|
| Country Financial | $1,349 |
| State Farm | $1,902 |
| American Family | $2,243 |
| Geico | $2,530 |
| Travelers | $3,105 |
| Progressive | $4,014 |
| Farmers | $6,220 |
| Allstate | $6,496 |
| USAA* | $1,328 |
Teens pay high rates for car insurance due to their inexperience behind the wheel. Oregon teens pay an average of $3,243 a year for liability car insurance.
If you have a young driver in your home, a great way to lower their car insurance costs is to put them on your policy. This will raise your premium, but it should come out cheaper than if your teen has a separate policy of their own.
Cheapest rates after a speeding ticket in Oregon: State Farm
For Oregon drivers with a traffic ticket on their record, State Farm is usually the cheapest option, at $1,333 a year on average.
Cheapest car insurance companies after a ticket
| Company | Average Annual Rate |
|---|---|
| State Farm | $1,333 |
| Country Financial | $2,067 |
| American Family | $2,112 |
| Progressive | $2,427 |
| Travelers | $2,945 |
| Geico | $3,446 |
| Allstate | $4,021 |
| Farmers | $4,403 |
| USAA* | $1,700 |
A speeding ticket will stay on your driving record for at least three years in Oregon. During that time, you will probably see high car insurance rates.
Cheapest rates after an accident in Oregon: State Farm
If you’re an Oregon driver with an at-fault accident on your record, State Farm will likely have the cheapest car insurance rate for you, at an average of $1,563 a year.
Country Financial is generally the second cheapest, at $2,286 a year on average.
Like with traffic tickets, an at-fault accident will cause most insurance companies to see you as a high-risk driver, causing your rates to rise.
Cheapest car insurance companies after an accident
| Company | Average Annual Rate |
|---|---|
| State Farm | $1,563 |
| Country Financial | $2,286 |
| American Family | $2,518 |
| Progressive | $2,955 |
| Travelers | $3,267 |
| Farmers | $4,394 |
| Geico | $4,896 |
| Allstate | $5,736 |
| USAA* | $1,979 |
Best rates after a DUI in Oregon: American Family
American Family probably has the cheapest rates for Oregon drivers with a DUI (driving under the influence) conviction, at an average of $2,112 a year.
Progressive is the next most affordable option, averaging $2,247 a year. Overall, drivers in Oregon with a DUI pay an average of $3,194 a year.
Cheapest car insurance companies after a DUI
| Company | Average Annual Rate |
|---|---|
| American Family | $2,112 |
| Progressive | $2,247 |
| Country Financial | $2,403 |
| State Farm | $2,506 |
| Travelers | $3,480 |
| Farmers | $4,238 |
| Allstate | $4,534 |
| Geico | $5,045 |
| USAA* | $2,182 |
DUIs in Oregon stay on your record forever. You can expect to see higher car insurance rates because of it.
Best Oregon rates for bad credit: Country Financial
Oregon drivers with a poor credit rating will likely pay the cheapest rate for auto insurance with Country Financial, at $2,544 a year on average.
American Family has the next-cheapest average rate, at $2,902 a year. Oregon drivers with bad credit pay an average of $4,024 a year for full-coverage car insurance.
Cheapest car insurance companies for drivers with poor credit
| Company | Average Annual Rate |
|---|---|
| Country Financial | $2,544 |
| American Family | $2,902 |
| Progressive | $3,056 |
| Geico | $3,874 |
| Travelers | $4,133 |
| Farmers | $5,254 |
| Allstate | $5,647 |
| State Farm | $5,853 |
| USAA* | $2,953 |
Car insurance companies usually see a link between credit rating and the risk of filing a claim. This is a controversial topic, and credit-based insurance scoring is banned or limited in some states.
Insurance rates by Oregon city
Of the 25 largest cities in Oregon, Medford residents enjoy the cheapest full-coverage car insurance rates at $1,890 a year.
On the other end, Gresham, Ore., has the most expensive average rate of $2,822 a year.
Cheapest car insurance rates by city
| Company | Average Annual Rate |
|---|---|
| Albany | $1,892 |
| Aloha | $2,420 |
| Beaverton | $2,404 |
| Bend | $1,904 |
| Bethany | $2,341 |
| Corvallis | $1,900 |
| Eugene | $1,906 |
| Forest Grove | $2,295 |
| Grants Pass | $1,934 |
| Gresham | $2,822 |
| Happy Valley | $2,623 |
| Hillsboro | $2,334 |
| Keizer | $2,233 |
| Lake Oswego | $2,312 |
| McMinnville | $2,234 |
| Medford | $1,890 |
| Oregon City | $2,441 |
| Portland | $2,601 |
| Redmond | $1,948 |
| Salem | $2,256 |
| Springfield | $1,921 |
| Tigard | $2,363 |
| Tualatin | $2,289 |
| Wilsonville | $2,251 |
| Woodburn | $2,377 |
Minimum coverage for car insurance in Oregon
Oregon’s required liability coverage limits are:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $20,000 property damage coverage
- $15,000 Personal injury protection (PIP)
- $25,000 per person and $50,000 per accident uninsured motorist coverage
Methodology
Unless stated otherwise, we looked at thousands of car insurance quotes in Oregon for a 30-year-old man with good credit and no tickets, accidents or convictions for driving under the influence, using a 2015 Honda Civic EX.
The following coverage limits were used:
- Bodily injury liability: 50,000 per person, $100,000 per accident
- Property damage liability: $25,000
- Uninsured motorist: $50,000 per person, $100,000 per accident, where required by law
- Personal injury protection: minimum limits, where required by law
- Collision: $500 deductible
- Comprehensive $500 deductible