Car Insurance in Oregon
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The average semiannual cost of car insurance in the state of Oregon is $703.25. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Oregon across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.
Company | Semi Annual Permium |
State Farm | $509.50 |
USAA | $549.50 |
Travelers | $592.00 |
Nationwide | $639.50 |
GEICO | $647.00 |
Farmers | $804.00 |
Progressive | $846.00 |
Allstate | $1,038.50 |
*Data Methodology – Updated 3/2/2024
The Oregon car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in OR. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.
Oregon law requires all drivers to carry a minimum amount of liability insurance coverage. Liability insurance covers property damage and bodily injury caused by you to others in a car accident. The minimum liability insurance requirements in Oregon are:
Driving without insurance in Oregon is illegal and carries serious penalties. Oregon law requires all drivers to carry minimum liability insurance at all times. If you are caught driving without insurance in Oregon, you will face both criminal and administrative penalties.
The criminal penalties for driving without insurance in Oregon include:
Auto insurance rates in Oregon vary based on several factors. Some of the main considerations that impact the cost of car insurance are the driver’s age, driving history, vehicle make and model, and location within the state.
A driver’s age and experience level significantly impact auto insurance premiums. Teenage drivers typically pay the highest rates due to their inexperience and increased risk of accidents. Rates tend to decrease as drivers reach their mid-20s to early 30s when they become more experienced and responsible.
A driver’s safety record, including any speeding tickets, violations, and at-fault accidents, is an important rating factor. Drivers with a clean driving history for several years will generally qualify for lower insurance rates. The type of vehicle also affects rates, with luxury and sports cars typically costing more to insure due to higher repair costs and increased risk of theft.
The region of Oregon where a driver lives also impacts rates. Urban areas tend to have higher insurance costs due to factors like increased traffic, higher accident rates, and greater prevalence of vehicle theft. Rural parts of the state generally see lower premiums.
In addition to these major considerations, insurance companies may also evaluate factors like gender, marital status, credit score, insurance history, and more to determine rates. However, companies are prohibited under Oregon law from using certain rating factors like race, religion, and ethnic background.
There are several ways to save money on your car insurance in Oregon. Insurance companies offer various low cost programs and discounts to help make coverage more affordable. To qualify, ask your provider about the following options:
Oregon has some unique car insurance statistics that drivers should be aware of. Oregon has a relatively high rate of uninsured motorists at around 16%, which is above the national average of around 12.6%. This means that Oregon drivers face a higher risk of being involved in an accident with an uninsured motorist.
Oregon is an at-fault state, meaning that the driver determined to be primarily at fault in an accident is responsible for damages. Oregon requires all drivers to carry minimum liability insurance of $25,000 per person for bodily injury, $50,000 per accident for bodily injury, and $20,000 for property damage. However, many insurance experts recommend carrying higher limits, especially in a state with a high uninsured motorist rate.
Oregon is an open range state, meaning that livestock may roam freely in some areas. This can increase the risk of collisions with animals, so Oregon drivers may benefit from carrying comprehensive insurance to cover damage from animal collisions. Oregon is also prone to natural disasters like wildfires, floods, and earthquakes that can damage vehicles. Comprehensive coverage would help pay for these types of losses.
Oregon drivers have many options when shopping for car insurance. Here are the 10 largest auto insurance providers in Oregon based on market share, according to the National Association of Insurance Commissioners (NAIC) for 2019: