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The Best Cheap Oregon Car Insurance for 2023

Updated Sept. 13, 2022
Kailey Hagen
By: Kailey Hagen

Our Insurance Expert

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Car insurance is a legal requirement in most states, including Oregon. But with so many insurance providers out there, finding the best car insurance in Oregon isn't always easy. Here's a closer look at which companies offer the cheapest rates for some of the most common driver profiles.

  • Cheapest for typical drivers: State Farm
  • Cheapest for drivers with prior accidents: State Farm
  • Cheapest for drivers with prior speeding tickets: State Farm
  • Cheapest for young drivers: COUNTRY Financial
  • Cheapest for senior drivers: Geico
  • Cheapest for drivers looking for minimum coverage: Geico
  • Cheapest for drivers with poor credit: COUNTRY Financial

Cheapest for typical drivers

A typical 35-year-old female driver with a clean record pays about $1,785 annually for Oregon auto insurance, while a 35-year-old male with a clean record pays just $1,742 per year. State Farm beats both these averages by a considerable margin, charging both men and women an average annual premium of $1,298.

The following insurers are also among the best car insurance companies in Oregon for typical drivers:

  • Nationwide, where female drivers pay about $1,349 per year on average, and male drivers pay about $1,299 per year
  • COUNTRY Financial, where, regardless of gender, drivers pay about $1,387 per year for Oregon auto insurance

Cheapest for drivers with prior accidents

A single accident drives up the average cost of Oregon auto insurance to $2,616 per year. But customers with an accident who choose State Farm can get the same coverage for just $1,678 per year.

These companies also offer cheap car insurance quotes in Oregon to drivers with accident histories:

  • Oregon Mutual Insurance, where these drivers pay about $1,781 per year
  • American Family, which charges drivers with one accident $1,993 per year on average

Cheapest for drivers with prior speeding tickets

Drivers with one speeding ticket pay about $2,174 for Oregon auto insurance. But once again, State Farm offers these drivers a much more affordable rate. In this case, its average annual premium is just $1,424.

These insurers also offer cheap auto insurance in Oregon to drivers with speeding tickets:

  • Oregon Mutual Insurance, where these drivers pay about $1,462 per year on average
  • Geico, which charges drivers with one speeding ticket an average annual premium of $1,722

Cheapest for young drivers

Young drivers face some of the highest Oregon auto insurance premiums, with an average rate of about $4,682 per year. But COUNTRY Financial offers teen drivers coverage for a more reasonable $1,852 per year. (This is based on the profile of an 18-year-old male driver with a clean record.)

Teens can also get affordable car insurance in Oregon from these companies:

  • State Farm, where the average annual Oregon auto insurance premium for an 18-year-old driver is $3,089
  • Geico, which charges these drivers $3,440 per year on average

Cheapest for senior drivers

Senior drivers only pay about $1,599 per year for Oregon auto insurance. But those who go with Geico score an even better rate -- about $947 per year on average.

These insurers also offer low-cost car insurance in Oregon to drivers 65 and older:

  • Nationwide, where the average annual premium for a 65-year-old driver is $1,124 per year
  • State Farm, where these drivers pay about $1,194 per year for car insurance

Cheapest for drivers looking for minimum coverage

Cheap liability car insurance in Oregon runs drivers about $827 per year. That's not too bad, but drivers who choose Geico can get that same coverage for a much more wallet-friendly $489 per year.

Minimum Oregon auto insurance is also pretty reasonable with the following companies:

  • Progressive, where drivers pay about $589 per year for minimum coverage
  • State Farm, which charges about $628 per year for state minimum coverage

Cheapest for drivers with poor credit

COUNTRY Financial also stands out for drivers with poor credit. Its average annual premium of $1,812 for these drivers is much lower than the state average of $2,762.

Here are a few other insurers that offer decent Oregon auto insurance rates to drivers with bad credit:

  • Oregon Mutual Insurance, where these drivers pay about $2,038 per year
  • Geico, where drivers with poor credit pay about $2,078 per year on average

Average car insurance in Oregon compared to the national average

There isn't a simple answer to the question, "How much is car insurance in Oregon?" It depends on the driver, where they live, the type of vehicle, their accident history, and more. Here's a table showing how the state average rates for a few common driver profiles compare to the national average.

Average Rate Category Oregon National Average
Overall $2,143 $2,646
Young drivers $4,682 $5,988
1 accident on driving record $2,616 $3,092
1 speeding ticket on driving record $2,174 $2,766

Oregon auto insurance laws

Here are Oregon car insurance laws that all drivers should be familiar with:

Oregon is an at-fault auto insurance state

Oregon is an at-fault auto insurance state. This means the driver found responsible for a multi-car accident pays the medical bills for all parties involved. This is different from no-fault states, where each driver bills their own insurance for medical costs regardless of fault.

Consequences for driving without car insurance in Oregon

Oregon drivers who skip the minimum Oregon auto insurance could face the following consequences:

  • Driver's license suspension
  • Requirement to carry an SR-22 form, which proves that you have insurance
  • Fines of up to $1,000

Oregon minimum coverage requirements

Drivers must have at least this Oregon minimum car insurance:

Bodily injury liability

Drivers must have at least:

  • $25,000 of bodily injury liability coverage per person
  • $50,000 of bodily injury liability coverage per accident

Property damage liability

In addition, Oregon drivers need at least $20,000 of property damage liability coverage.

Personal injury protection (PIP)

Oregon drivers need at least $15,000 of personal injury protection (PIP) to help them pay medical bills following an accident.

Uninsured motorist coverage

Drivers need at least the following uninsured motorist coverage to protect them if they're hit by an uninsured driver:

  • $25,000 of bodily injury liability coverage per person
  • $50,000 of bodily injury liability coverage per accident

How to get cheap auto insurance in Oregon

Drivers looking to score the cheapest car insurance in Oregon should try the following tips:

  • Compare rates from several insurers: All insurers evaluate a driver's application a little differently. That's why the same person gets different rates from different insurers. Comparing several quotes is the best way to find a good deal.
  • Take advantage of all discounts: Insurers automatically apply some discounts to qualifying driver's premiums, but there are others drivers might have to opt into. For example, many insurers let people participate in a driver monitoring program in exchange for a discount. But customers must agree to enroll in this program.
  • Choose a higher deductible: Deductibles are the out-of-pocket costs the policyholder must pay when filing a claim before the insurance coverage kicks in. Drivers who choose a higher deductible usually pay lower premiums.

Other things to consider when looking for car insurance in Oregon

Here are some other things to keep in mind when shopping for Oregon auto insurance:

Oregon minimum coverage might not be enough

Oregon state minimum car insurance coverage is actually a little more comprehensive than what many states require. But it still might not be enough to fully protect the policyholder in the event of a serious accident. When possible, it's best to purchase more than the minimum coverage.

State minimum coverage doesn't protect the policyholder's vehicle

State minimum coverage also doesn't include protection for the policyholder's vehicle. Drivers interested in this must add collision and comprehensive coverage to their policies. Collision coverage pays for damages if the driver is in a single-car wreck or in an accident with another driver. Comprehensive coverage pays for damages due to weather, theft, vandalism, or animal-vehicle collisions.

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