Cheap Car Insurance

Cheaper Rates Today in OR

Car Insurance in Oregon

  • Compare cheap car insurance quotes in OR.
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Oregon car insurance.

Cheap Car Insurance

Cheaper Rates Today in OR

Car Insurance in Oregon

  • Compare cheap car insurance quotes in OR.
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Oregon car insurance.

Cheap Car Insurance Companies In Oregon

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.

CompanySemi Annual Permium
State Farm$509.50

*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 Minimum Liability Coverage

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:

  • Bodily Injury per Person: $25,000
    This covers injuries to one person in an accident, up to $25,000.
  • Bodily Injury per Accident: $50,000
    This covers injuries to all people in an accident, up to $50,000 total.
  • Property Damage per Accident: $10,000
    This covers damage to other people’s property, up to $10,000 per accident.
  • Personal Injury Protection: $15,000
    This covers medical and some loss of income expenses for you and your passengers, up to $15,000.

Penalties for Driving Without Insurance in Oregon

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:

  • A Class B traffic violation, punishable by a fine between $260 and $2,000. Fines typically start at $500 for a first offense.
  • Possible jail time. While jail time is uncommon for a first offense, judges have the discretion to sentence drivers to up to 6 months in jail for driving without insurance.
  • A point assessed against your driver’s license. Six points within a year can result in license suspension.The administrative penalties for driving without insurance in Oregon include:
  • License suspension. The Oregon DMV will suspend your driver’s license for up to one year upon conviction. Reinstatement fees apply to have your license reinstated after the suspension period ends.
  • Vehicle registration suspension. The DMV will also suspend your vehicle registration, prohibiting you from legally driving the vehicle until you show proof of insurance.
  • SR-22 insurance requirement. You may be required to purchase high-risk SR-22 insurance for 3 to 5 years after being caught without insurance. SR-22 insurance is significantly more expensive.

Auto Insurance Rates in Oregon

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.

Low Cost Car Insurance Programs and Discounts in Oregon

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:

  • Good Student Discount
    Many insurers offer a good student discount for students maintaining at least a B average. Some companies require a 3.0 GPA or higher. Provide your report card or transcript to qualify.
  • Defensive Driving Course Discounts
    Taking a defensive driving or accident prevention course can earn you a discount of around 5% to 10%. Many insurance companies will accept courses offered by the National Safety Council or state agencies.
  • Multi-Policy Discount
    Bundling your auto and homeowners insurance with the same company typically earns a multi-policy discount of 5% to 15%. Some insurers also offer multi-vehicle and multi-driver discounts for insuring multiple vehicles and drivers on one policy.
  • Anti-Theft Device Discount
    Having anti-theft devices like an immobilizer, alarm system or tracking device can reduce your rates by 5% to 10%. Provide proof of installation to your insurer.
  • Low-Mileage Discount
    If you drive under a certain mileage threshold, usually 7,500 to 10,000 miles per year, you may qualify for a low-mileage discount of 5% to 10%.
  • Senior Citizen Discount
    Some insurers offer senior discounts for drivers age 55 and older. Discounts typically range from 5% to 25%.

Oregon Car Insurance Statistics

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.

The 10 Largest Oregon Car Insurance Companies

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:

  1. State Farm – State Farm has the largest market share in Oregon at 16.5%. State Farm is known for offering many discounts and good customer service.
  2. Farmers Insurance – Farmers has the second largest market share at 12.2%. Farmers is a well-known national insurance provider that offers many policy options.
  3. GEICO – GEICO has a 10.5% market share in Oregon. GEICO is a well-known national provider known for offering affordable rates.
  4. Allstate – Allstate has a 9.2% market share in Oregon. Allstate is another large national provider that offers many discounts and coverage options.
  5. Liberty Mutual – Liberty Mutual has a 7.7% market share. Liberty Mutual is a large national provider that is known for offering higher liability limits.
  6. Progressive – Progressive has a 6.9% market share. Progressive is a national provider known for offering name-your-price tools and many policy options.
  7. USAA – USAA has a 4.2% market share. USAA specializes in serving military members, veterans, and their families.
  8. AAA Oregon – AAA Oregon is a well-known regional provider with a 3.7% market share. AAA Oregon is known for offering good rates and many additional services for members.
  9. Oregon Mutual – Oregon Mutual is an Oregon-based provider with a 3.4% market share. Oregon Mutual focuses exclusively on serving Oregon drivers.
  10. CSAA – CSAA, also known as AAA Insurance, has a 3.2% market share. CSAA is part of the AAA network and focuses on offering good customer service.