- Best car insurance companies in Oregon: Country Financial
- Cheapest car insurance companies in Oregon: Oregon Mutual
- Average cost of car insurance in Oregon
- Oregon car insurance requirements
- Cheapest car insurance companies for minimum liability coverage in Oregon
- Cheapest car insurance cost in Oregon by age
- Cheapest car insurance companies in Oregon by driver profile
- Compare auto insurance rates by city in Oregon
- Car insurance premium trends in Oregon
- Methodology
- Compare Oregon car insurance rates with other states
Best car insurance companies in Oregon: Country Financial
Country Financial is the best car insurance company in Oregon, based on data analysis by Insurance.com, with an overall rating of 3.64. Travelers, State Farm, Nationwide, and Geico are among the top auto insurance companies in Oregon.
Below is a full list of the top Oregon insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | JD Power | NAIC | Insurance.com score | Average annual premium |
|---|---|---|---|---|---|
| Country Financial | A+ | 828 | 0.34 | 3.64 | $1,527 |
| Travelers | A++ | 810 | 0.49 | 3.51 | $1,318 |
| State Farm | A++ | 821 | 0.7 | 3.36 | $1,502 |
| Nationwide | A+ | 810 | 0.64 | 3.2 | $1,411 |
| Geico | A++ | 797 | 0.91 | 3.12 | $1,683 |
| Progressive | A+ | 807 | 0.65 | 3.04 | $1,765 |
| Farmers | A | 796 | 0.8 | 2.7 | $2,210 |
| Allstate | A+ | 783 | 0.65 | 2.54 | $2,945 |
Cheapest car insurance companies in Oregon: Oregon Mutual
Based on a rate analysis by Insurance.com, Oregon Mutual offers the cheapest full coverage car insurance in Oregon, with average rates of $1,147 annually or $96 a month, on average.
USAA is the cheapest liability car insurance company in Oregon, however, it covers specifically the military community. Oregon Mutual is the cheapest option in the state to get the cheapest liability car insurance at an average of $497 per year. For state minimum, Oregon Mutual is the cheapest option at an average annual rate of $445.
Comparison shopping is the best way to get a cheaper auto insurance rate. Get quotes from several different insurers. You may be surprised at how much difference there can be in rates from one company to another.
We gathered price quotes from all the major insurance providers in Oregon and compiled a list of the cheapest car insurance companies.
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| Oregon Mutual | $445 | $497 | $1,147 |
| USAA | $439 | $495 | $1,277 |
| Travelers | $534 | $585 | $1,318 |
| Nationwide | $813 | $782 | $1,411 |
| State Farm | $534 | $616 | $1,502 |
| Country Financial | $481 | $532 | $1,527 |
| Geico | $513 | $624 | $1,683 |
| Progressive | $650 | $723 | $1,765 |
| Farmers | $976 | $1,121 | $2,210 |
| Allstate | $1,041 | $1,131 | $2,945 |
*USAA offers car insurance only to military members, veterans and their families.
Average cost of car insurance in Oregon
The average cost of car insurance in Oregon is $1,678 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For state minimum coverage, the average annual cost in Oregon is $641.
Auto insurance calculator
Most & least expensive ZIP codes for auto insurance in Oregon
Most Expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 97233 | Portland | $195 |
| 97266 | Portland | $195 |
| 97236 | Portland | $192 |
| 97230 | Portland | $187 |
Least Expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 97321 | Albany | $125 |
| 97333 | Corvallis | $125 |
| 97330 | Corvallis | $126 |
| 97401 | Eugene | $126 |
The Oregon Division of Financial Regulation says...
While your policy spells out your company's requirements, you should inform them immediately of the change. A typical provision is 14 days, but only four days if you do not have physical damage coverage on one of the cars already insured. Your policy may differ, however. Contrary to what many people think, there is no law or rule that gives you 30 days to notify your company. The sooner you contact your agent or insurance company, the sooner you can be sure you have the coverage you need.
- The Oregon Division of Financial RegulationOregon car insurance requirements
You need car insurance with minimum coverage levels of 25/50/20 in Oregon, which costs $611 each year or $51 each month.
Minimum liability insurance requirements for Oregon:
- Bodily injury liability (BI): $25,000 per person and $50,000 for accident
- Property damage liability (PD): $20,000 per accident
- Personal injury protection (PIP): $15,000 per person
- Uninsured/underinsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident
Cheapest car insurance companies for minimum liability coverage in Oregon
According to Insurance.com, Oregon Mutual has the cheapest state minimum liability coverage, at $431 per year or $36 each month. USAA offers cheaper rates but is available only to military veterans and their families.
Here are the most affordable car insurance companies for state minimum coverage in Oregon.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| USAA* | $425 | $35 |
| Oregon Mutual | $431 | $36 |
| Geico | $456 | $38 |
| Country Financial | $475 | $40 |
| Travelers | $528 | $44 |
| State Farm | $534 | $45 |
| Progressive | $608 | $51 |
| Nationwide | $769 | $64 |
| Farmers | $882 | $73 |
| Allstate | $1,004 | $84 |
*USAA offers coverage only to military veterans and their family
Cheapest car insurance cost in Oregon by age
In Oregon, car insurance rates are higher for teenagers as they’re more likely to be involved in an accident.
Country Financial offers the cheapest car insurance for teen drivers in Oregon at $2,844 per year for a full coverage policy.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Oregon, Oregon Mutual offers the cheapest full coverage auto insurance for adult drivers at $1,169 per year. Nationwide offers the cheapest full coverage car insurance for senior drivers at $1,304 per year.
Compare car insurance rates by age
Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.
| Country Financial | $3,042 | $254 |
| State Farm | $5,076 | $423 |
| Travelers | $5,889 | $491 |
| Nationwide | $6,079 | $507 |
| USAA | $6,089 | $507 |
| Geico | $6,210 | $518 |
| Oregon Mutual | $9,662 | $805 |
| Progressive | $12,621 | $1,052 |
| Allstate | $13,012 | $1,084 |
| Farmers | $13,812 | $1,151 |
*USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Oregon by driver profile
Drivers with accidents or tickets are considered a higher risk and will pay higher car insurance rates. In Oregon, Nationwide offers the cheapest car insurance rates for drivers with an accident, at $1,847 per year. However, the severity and frequency of the incidents also affect insurance rates.
For drivers with a speeding ticket, State Farm offers the cheapest car insurance at an average annual cost of $1,609.
Below are the average Oregon car insurance rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| State Farm | $1,502 | $1,884 | $1,609 |
| USAA | $1,277 | $1,999 | $1,641 |
| Travelers | $1,318 | $1,908 | $1,974 |
| Nationwide | $1,411 | $1,847 | $2,264 |
| Progressive | $1,765 | $2,978 | $2,330 |
| Farmers | $2,210 | $3,963 | $2,812 |
| Geico | $1,683 | $3,228 | $3,305 |
| Allstate | $2,945 | $4,892 | $3,509 |
*USAA offers car insurance only to military members, veterans and their families.
Compare auto insurance rates by city in Oregon
Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Oregon.
| City | Annual insurance premium |
|---|---|
Cottage Grove | $1,514 |
Dundee | $1,764 |
Portland | $2,033 |
Car insurance premium trends in Oregon
Car insurance average rates increase most years and various factors contribute to these changes, including shifts in economic conditions, changes in state laws, and the number and severity of insurance claims.
That's why it's important to keep track of car insurance premiums to make better decisions. The graph below shows how insurance rates in Oregon have increased or decreased from 2020 to 2023.
Whether you're planning to renew your policy with your current insurer or looking for a new one, this analysis is invaluable for making informed insurance choices.
Methodology
Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
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