Low-income car insurance in Oregon: What you need to know

Does the government offer any car insurance program for low-income drivers in Oregon?

There is no government-run car insurance program for low-income drivers in Oregon. Only a handful of states (California, Hawaii and New Jersey) have such a program.

In Oregon, low-income drivers must still carry the minimum amount of car insurance. The best way to find it on a budget is to shop around.

Oregon minimum car insurance requirements

The minimum car insurance requirements in Oregon are as follows:

Minimum liability coverage limits	25/50/20
Average annual premium	$641
Other types of insurance required (if any)	UMBI and PIP

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Remember that if you have a loan on your car, you're required to carry full coverage, which includes collision and comprehensive.

Best low-income car insurance in Oregon

Country Financial came out on top as the best pick for low-income car insurance.

People on a tight budget still deserve great service from their car insurance company. We gathered the data on the top car insurance companies in Oregon and compared them on rates for state-minimum coverage, financial stability and customer satisfaction based on J.D. Power and National Association of Insurance Commissioners (NAIC) scores.

These are the best low-income car insurance companies in Oregon.

Company	Average annual premium	J.D. Power	AM Best	NAIC	Insurance.com score
Country Financial	$481	828	A+	0.34	3.63
Travelers	$534	810	A++	0.49	3.35
State Farm	$534	821	A++	0.7	3.29
Geico	$513	797	A++	0.91	3.14
Progressive	$650	807	A+	0.65	2.96
Nationwide	$813	810	A+	0.64	2.77
Allstate	$1,041	783	A+	0.65	2.54
Farmers	$976	796	A	0.8	2.44

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Quick poll

Cheapest low-income car insurance in Oregon

Based on state-minimum coverage, we found that Oregon Mutual Insurance is the top pick for cheap car insurance in Oregon, at an average rate of $445 a year.

When you're working with a tight budget, price is the number one consideration. We gathered rates from car insurance companies in Oregon to find the cheapest options on average.

Company name	Average annual premium	Average monthly premium
Oregon Mutual Insurance	$445	$37
Country Financial	$481	$40
Geico	$513	$43
State Farm	$534	$45
Travelers	$534	$45
Progressive	$650	$54
Nationwide	$813	$68
Farmers	$976	$81
Allstate	$1,041	$87
USAA	$439	$37

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PEOPLE ASK:

What can I do if I can't afford car insurance in Oregon?

If you can't find affordable car insurance in Oregon, try working with a local agent who knows the market and some of the smaller insurance companies available. Consider a usage-based program to reduce costs, reduce coverage, drive less and ask about additional discounts.

Car insurance discounts for low-income drivers in Oregon

Discounts are the best way to bring down your car insurance rates. There are a number of discounts low-income drivers in Oregon can take advantage of for cheaper insurance. Take a look at some common discounts and how much you can save below.

Discount type	% Discount
Years Licensed	31%
Years Insured	20%
Telematics	11%
Marital Status	11%
Profession	10%
Payment Type	10%
Electronic Signature	10%
Multi Policy	9%
Education	7%
Primary Use	6%
Loyalty - Years Renewal With Company	6%
Days Advanced Purchase	6%
Homeowner	5%
Lower Annual Mileage	4%
Electronic Funds Transfer	4%
Paperless/Electornic Documents	4%
Air Bags	4%
Daily Commute	2%
Days Per Week Driven	2%
Safety Devices	2%
Anti-Theft Device	1%

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ASK AN EXPERT

Expert answers to your questions

Our experts are here to provide real answers to your insurance questions. Is there something you want to know? Ask below.

Leslie Kasperowicz Executive editor.

Can I pay my insurance premiums in smaller monthly installments rather than annually or bi-annually?

Available payment plans vary by insurance company. Most companies allow you to make monthly payments but may charge a fee.

Would a pay-per-mile insurance policy be more cost-effective for a driver on a tight budget in Oregon?

Pay-per-mile may be more cost-effective if you drive very little. Since pay-per-mile costs vary from month to month based on how much you drive, it’s difficult to compare rates without trying the program.

Do insurance companies in Oregon give you a grace period to pay if you can’t make a payment on time?

In Oregon, car insurance companies can give you as little as 10 days notice before canceling your policy if you have missed a payment.

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Methodology

Insurance.com commissioned car insurance rates from Quadrant Data Services in late 2023 for state minimum car insurance policies across all states. Rates are based on a 40-year-old driver with a clean driving record and good credit, driving a Honda Accord LX. We compared rates from 170 companies across 35,488 ZIP codes.

Low-income car insurance in Oregon: Frequently asked questions

What is the cheapest car insurance company for low-income people?

In Oregon, Oregon Mutual Insurance is the cheapest car insurance company with an average rate of $445. However, that's based on average rates and may differ for you, so it's important to shop around.

Does Oregon have car insurance for low-income individuals?

No, Oregon doesn't offer a car insurance program for low-income individuals or families.

What happens if I can't pay my car insurance?

If you don't pay your car insurance bill, your car insurance will be canceled and you won't have coverage. If you can't pay your car insurance bill, contact your insurance company before the bill is past due to see if you can make arrangements for payment.