The best car insurance in Oregon will depend on each driver’s individual insurance needs. State Farm and Country Financial are top choices for high-risk drivers, including teens and those with traffic violations.
What Is the Best Car Insurance Oregon?
Find the best car insurance in Oregon by considering your individual insurance needs. Some drivers may be subject to increased rates based on factors like:
- Driving record.
- Credit score.
- Vehicle make and model.
- Insurance level.
- Marital status.
Because everyone’s insurance needs and risk factors differ, it is always a good idea to request personal quotes. Then, you can compare these quotes and choose the best one for your needs.
Insurance Requirements in Oregon
Before you begin to price shop and compare quotes among insurance providers, it is important to know Oregon’s minimum insurance requirements. All drivers in Oregon must have a minimum of the following:
- $25000 bodily injury liability per person.
- $50000 bodily injury liability per accident.
- $20000 property damage liability per accident.
- $25000 uninsured motorist bodily injury per person.
- $50000 uninsured motorist bodily injury per person.
- $15000 personal injury protection.
Keep in mind, these are the minimum requirements. If you’re in an accident, they won’t cover your medical bills or property damages.
Cheapest Car Insurance in Oregon
If you’re looking for the cheapest rates in Oregon, you will likely want to choose a minimum coverage insurance policy. The cheapest insurance providers in Oregon include:
- State Farm: Average annual rate of $520.
- Progressive: Average annual rate of $697.
- Country Financial: Average annual rate of $859.
- American Family: Average annual rate of $977.
- Allstate: Average annual rate of $1125.
- Farmers: Average annual rate of $1311.
- GEICO: Average annual rate of $1488.
- Nationwide: Average annual rate of $1652.
Minimum coverage means that it meets Oregon’s minimum insurance requirements. This means that it does not include comprehensive or collision insurance.
If you want full coverage but still want the cheapest rates, you may consider the following providers:
- State Farm: Average annual rate of $1269.
- Country Financial: Average annual rate of $1412.
- Progressive: Average annual rate of $1899.
This is in comparison to Oregon’s average of $2332 based on data from ValuePenguin. State Farm is often the cheapest insurance provider for Oregon drivers.
Best Oregon Insurance for Drivers With a Bad Record
Traffic violations can lead to an increase in insurance rates. Whether you have a speeding ticket or you have an at-fault accident on your record, you can expect your rates to increase. Just one accident on your record can lead to an average annual rate of $3659, which is compared to an average rate of $2332 per year, for drivers with no accident on their record.
A speeding ticket can increase your rates by as much as $1396 per year. State Farm and Country Financial are two of the top providers for Oregon drivers with less than perfect records.
DUIs can have the biggest effect on your rates. According to information from ValuePenguin, it can lead to an increase of as much as 36 percent increase.
Best Oregon Insurance for Teen Drivers
Teen drivers pay the highest insurance rates not only in Oregon but in the U.S. Insurance companies charge drivers under the age of 18 years more because of their limited experience. The best insurance rates for teen drivers in Oregon are usually with Country Financial. Teen drivers can sometimes find other ways to save too, with options like:
- Stay on your parent’s policy longer: Staying on your parent’s policy until you get more driving experience can make your rates more affordable.
- Ask about available discounts: Teen drivers can sometimes qualify for certain discounts like safe driver or good student.
- Take a safe driving class: Some insurance companies may give teens a cheaper rate if they take a safe driving class.
- Choose a cheaper vehicle: Some vehicles can be more expensive to insure. Also, vehicles that are equipped with safety and anti-theft devices can lead to discounts.
Teens may need to do more research to find affordable insurance rates.
Other Factors That Influence Your Oregon Insurance Rates
Other factors, like your credit score, and location within Oregon, can also have an effect on your insurance rates. Having bad or no credit can lead to higher rates because insurance companies consider this to be correlated with a higher chance of filing an insurance claim.
Even your marital status can impact your rates. Married drivers in Oregon can save, on average, $230 per year. Other factors, like your education level and even the number of miles you drive each year, can also have an effect on your rates.
Available Oregon Insurance Discounts
Many insurance companies offer discounts to policyholders. Finding out if you qualify for any of these discounts is one of the easiest ways to decrease your insurance rates. A few insurance discounts that may be available include:
- Safe driver.
- Good student.
- Multi-vehicle or multi-policy.
- First responder.
- Federal employee.
- Low mileage.
- Safety device or anti-theft.
- Paperless discount.
Additionally, some insurance providers have their own savings programs. Progressive has Snapshot which adjusts your rates based on your driving habits.
Best Insurance Companies Based on Ratings
Another way to choose the best insurance company in Oregon is to consider satisfaction ratings. Moneygeek ranks the top providers based on customer satisfaction and pricing and lists the top providers as the following:
- USAA: Rating of 100.
- Hartford: Rating of 92.5.
- GEICO: Rating of 85.
- Allstate: Rating of 82.5.
- American Family: Rating of 80.
- State Farm: Rating of 80.
- Farmers: Rating of 80.
- Progressive: Rating of 80.
- Safeco: Rating of 77.5.
- Liberty Mutual: Rating of 77.5.
USAA is often one of the highest-rated insurance providers in Oregon. However, it is only available to military members and their families.
The best car insurance in Oregon varies, depending on the driver’s needs. Price shop to find the best rates and coverage for you.
Check this out if you need additional information, resources, or guidance on car insurance.
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