Cheapest car insurance companies in Portland 

After an in-depth analysis, Insurance.com found that Oregon Mutual and Travelers are the cheapest car insurance companies in Portland for 2023. 

In Portland, Oregon Mutual provides the cheapest auto insurance rates to drivers at an average annual premium of $1,458 annually

Car insurance prices in Portland can differ based on where you live, your driving history, coverage limit, and your insurance provider. To find the best deal on auto insurance, it's wise to compare quotes from various companies. Below are the companies that offer cheap car insurance to Portland drivers.

CompaniesAverage annual rates
USAA$1,440
Oregon Mutual$1,458
Travelers$1,619
Geico$1,805
Nationwide$1,815
Country Financial$1,838
State Farm$2,015
Progressive$2,029
Farmers$2,929
Allstate$3,379

Cheapest car insurance cost in Portland by Age Group 

The cheapest auto insurance company in Portland for teen drivers is Country Financial. For full coverage, its average annual rate for Portland drivers is $3,876. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance. 

However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible. 

Among the carriers analyzed, USAA is the cheapest car insurance option for drivers in Portland, at $2,376 a year for a full coverage policy.

Drivers in Portland stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. USAA has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $1,459 a year

If you are a senior driver in Portland and looking for a cheap car insurance company, then consider buying insurance from USAA. It is the cheapest auto insurance company for senior drivers, with an average premium of $1,515 per year

CompanyTeensYoung AdultsAdultsSeniors
Country Financial$3,876$2,382$1,898$1,901
USAA$4,652$2,376$1,459$1,515
Geico$5,397$2,645$1,775$1,524
Travelers$5,685$2,647$1,647$1,717
State Farm$5,898$3,291$2,018$1,998
Farmers$6,885$3,754$2,762$3,067
Nationwide$7,592$3,247$1,800$1,696
Oregon Mutual$7,985$2,795$1,495$1,910
Progressive$9,604$3,488$2,029$2,158
Allstate$11,222$5,217$3,350$3,519

Cheapest car insurance companies in Portland by driver profile 

Your driving profile plays an important role in determining your car insurance rates in Portland. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.

When it comes to finding the cheapest car insurance rates in Portland, make sure you compare insurance quotes from various insurers. By comparing rates from multiple providers, you can get the coverage you need while saving money.

In Portland, these insurance companies offer cheap car insurance rates based on your driver profile.

If you're a Portland driver with poor credit, Geico is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,704 annually

Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores. 

CompanyAverage annual rates
Geico$1,704
Nationwide$1,904
Travelers$2,553
USAA$2,638
Progressive$3,020
State Farm$3,200
Farmers$3,259
Allstate$3,308

State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Portland. It offers full coverage car insurance for drivers aged 30 at about $1,432 per year

Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your needs. 

CompanyAverage annual premium
State Farm$1,432
USAA$1,582
Nationwide$2,119
Geico$2,241
Travelers$2,268
Progressive$2,398
Allstate$2,421
Farmers$2,726

Looking for affordable car insurance rates after an at-fault accident? It can be a challenge, but with comparison shopping, you might find a policy that suits your budget.

Drivers in Portland with at-fault accidents on their driving records can find the cheapest car insurance rates with State Farm. Its full coverage policy costs an average of $1,690 annually.

CompanyAverage annual rates
State Farm$1,690
USAA$2,223
Travelers$2,302
Nationwide$2,441
Geico$2,544
Farmers$3,196
Progressive$3,205
Allstate$3,546

State Farm is the carrier that offers cheap auto insurance rates in Portland for drivers after a DUI. Its average annual rate for full coverage is $1,432

If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers. 

CompanyAverage annual rates
State Farm$1,432
USAA$2,222
Progressive$2,741
Travelers$2,905
Geico$2,964
Allstate$3,208
Farmers$3,336
Nationwide$3,455

Average car insurance cost in Portland 

On average, Portland drivers pay $2,033 annually, or $169 monthly, for full coverage car insurance policies with a coverage level of 100/300/100. Conversely, the average annual cost of state minimum coverage in Portland is $862.

You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies. 

Average annual RatesState minimum average
$2,033$862

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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