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Best Cheap Car Insurance In Oregon (2023)

State Farm, USAA, and Nationwide offer low rates for Oregon drivers.

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09/14/2023 06:07 PM

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Drivers in the Beaver State know it can be a challenge to find the best car insurance for their needs at an affordable rate. Our team of experts has done the research for you to identify the top choices for car insurance in Oregon based on each provider’s average cost, coverage options, customer reviews, and more.

Our team researched and reviewed the best car insurance companies nationwide, but we know car insurance rates vary widely from state to state. Read on to learn what you can expect to pay for auto insurance in Oregon based on a variety of driver profiles and situations.

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Cheap Car Insurance In Oregon

Finding an insurance policy that’s cost-effective is essential. Our review team compiled a list of the top seven cheapest auto insurance providers in Oregon to help you know where to start looking. In our research, USAA, State Farm, and Country Financial stood out as good options for affordable Oregon auto insurance.

Auto Insurance ProviderEstimated Annual Cost
USAA$945
State Farm$1,000
Country Financial$1,103
Geico$1,104
Oregon Mutual Group$1,186
Travelers$1,336
American Family Insurance$1,377

How Much Is Auto Insurance In Oregon?

According to our rate estimates, the average cost of full-coverage car insurance in Oregon is $1,334 per year. Based on this, Oregon drivers pay about 23 percent less than the national average of $1,730. According to the National Association of Insurance Commissioners (NAIC), Oregon was the 22nd-most expensive state for auto insurance coverage in 2019-the most recent year with available data.

Though the average rate of auto insurance in Oregon falls below the national average, you’ll find different rates from providers based on a variety of factors, such as:

  • Age: Young drivers generally pay more for car insurance because they are considered high risk.
  • Gender: In many states, men tend to have higher car insurance premiums than women.
  • Marital status: Most married drivers pay less for coverage than single drivers. Married drivers also tend to have greater access to family or bundling discounts.
  • Driving record: It’s more difficult to find cheap car insurance rates if you have a speeding ticket, at-fault accident, or DUI on your record.
  • Credit score: A good credit score can lead to much more affordable auto insurance rates. Drivers with poor credit scores usually pay significantly more.
  • Coverage level: Full-coverage policies cost more than state minimum liability coverage.

Cheapest Oregon Car Insurance: Young Drivers

For teen drivers and young drivers in general, auto insurance quotes tend to be much higher due to the lack of experience behind the wheel.

Cheapest Car Insurance In Oregon: 16-Year-Olds

Sixteen-year-old drivers in Oregon can find the cheapest car insurance from Country Financial at around $236 per month and from State Farm at around $259 per month.

Cheap Car Insurance In OregonAverage Monthly CostAverage Annual Cost
Country Financial$236 $2,828
State Farm$259 $3,103
Geico$314 $3,765
USAA$348 $4,171
American Family Insurance$382 $4,584

Cheapest Car Insurance In Oregon: 18-Year-Olds

Eighteen-year-olds can find the cheapest coverage in Oregon at Country Financial, which has an average monthly cost of $181. Drivers this age can also find affordable coverage from USAA and State Farm.

Cheap Car Insurance In OregonAverage Monthly CostAverage Annual Cost
Country Financial$181 $2,168
USAA$187 $2,246
State Farm$198 $2,377
Geico$206 $2,473
American Family Insurance$281 $3,383

Cheapest Car Insurance In Oregon: 21-Year-Olds

The cheapest car insurance in Oregon for 21-year-olds comes at roughly $126 per month on average from Geico. State Farm also offers affordable coverage at $132 per month.

Cheap Car Insurance In OregonAverage Monthly CostAverage Annual Cost
Geico$126 $1,516
State Farm$132 $1,586
USAA$134 $1,619
Country Financial$139 $1,670
Travelers$176 $2,122

Cheapest Car Insurance In Oregon: 25-Year-Olds

In Oregon, the cheapest full-coverage car insurance for 25-year-olds comes from State Farm at $91 per month. USAA comes in a close second at $96 per month.

Cheap Car Insurance In OregonAverage Monthly CostAverage Annual Cost
State Farm$91 $1,092
USAA$96 $1,159
Geico$100 $1,208
Travelers$117 $1,411
Country Financial$123 $1,486

Cheapest Oregon Car Insurance: High-Risk Drivers

In general, those with clean driving records pay lower insurance premiums than drivers who have a history of speeding tickets, car accidents, or DUI convictions. The table below shows the difference in cost for each traffic violation by the top five cheapest companies for Oregon drivers.

Car Insurance ProviderSpeeding TicketsRecent AccidentsDUI Convictions
USAA$1,326 $1,743 $1,943
State Farm$1,164 $1,372 $1,164
Country Financial$1,499 $2,209 $1,733
Geico$1,598 $2,564 $2,595
Oregon Mutual Group$1,329 $1,908 $2,215

*Speeding tickets are for 16 to 20 mph over the speed limit. Recent accidents are for a single vehicle ($2,500 worth of damage).

Cheapest Oregon Car Insurance: Bad Credit

A poor credit score can change the price of car insurance in Oregon from expensive to astronomical. Our review team found that those with poor credit scores pay nearly 35 percent more for car insurance than those with good credit scores.

Car Insurance Providers in Oregon Estimated Monthly Cost Estimated Annual Cost
Nationwide $123 $1,474
Country Financial $138 $1,661
Geico $155 $1,854
Progressive $155 $1,865
USAA $182 $2,183

Top 5 Auto Insurance Companies In Oregon

Our team of experts found the best and cheapest car insurance providers in the state of Oregon by looking at each insurer’s cost, coverage, reliability, and service. We found State Farm, USAA, Nationwide, Country Financial, and Geico to be some of the best options for drivers in the Beaver State.

Best Car Insurance in Oregon Overall Rating Cost Rating Coverage Rating
1. State Farm 4.7 4.6 4.6
2. USAA 4.6 4.9 4.6
3. Nationwide 4.3 4.5 4.2
4. Country Financial 4.3 4.7 4.1
5. Geico 4.6 4.7 4.2

*Our research team scores car insurance companies by taking nationwide factors into account. The order of insurers in this table is specific to auto insurance in Oregon.

#1 State Farm

As the largest auto insurance provider in the U.S., State Farm topped our list for the best cheap car insurance in Oregon. State Farm presents great discount opportunities for students and teens in particular. Young drivers can save by taking a driver’s ed course, maintaining good grades in school, participating in the Steer Clear® program, and more.

With an A++ financial strength rating from AM Best and an A+ rating from the Better Business Bureau (BBB), State Farm holds a positive industry reputation. Based on our team’s research,  young drivers, drivers with clean records, and those with recent accidents can find some of the best car insurance rates in Oregon through State Farm.

Read more: State Farm insurance review

#2 USAA

Although auto insurance from USAA is limited to military members, veterans, and their families, it’s a smart choice for those who are eligible for coverage. In addition to a wide range of coverage options, USAA offers great discounts and benefits specifically for military service members. This is part of why our review team recognized the provider as Best for Military Members.

USAA tends to offer some of the cheapest rates for many types of drivers, both nationwide and in Oregon in particular. The company holds high industry ratings, including an A++ AM Best financial strength rating. It also received the highest score for customer satisfaction in the Southwest region in the J.D. Power 2022 U.S. Auto Insurance Study℠.

Read moreUSAA insurance review

#3 Nationwide

Recognized as a great option for older drivers and senior citizens, Nationwide has been providing high-quality insurance products for nearly a century. The company is known for providing a wide range of coverage options, as well as some of the lowest auto insurance rates for many Oregon drivers. Nationwide also offers accident forgiveness, usage-based insurance, and gap insurance.

Nationwide has a positive industry reputation, holding an A+ financial strength rating from AM Best and an A+ BBB rating. However, it did fall below the industry average for its claims process in the J.D. Power 2022 U.S. Auto Claims Satisfaction Study℠.

Read more: Nationwide review

#4 Country Financial

With coverage available in 19 states, including Oregon, Country Financial has been providing top-quality insurance products and localized service since 1925. The insurer has local representatives who can help you determine what type of policy best fits your needs. The company also offers homeowners and renters insurance.

Country Financial offers several car insurance discount opportunities to help Oregon drivers save on their policies, including a multi-policy discount, a good student discount, a good driver discount, and many more. The insurer has A+ ratings from both the BBB and AM Best.

#5 Geico

Many Oregon drivers can find low rates through Geico–especially young drivers and those with poor credit scores. This provider can also be a great option for students and military members due to its savings opportunities.

Geico is well regarded in the insurance industry. It received an above-average score in the most recent J.D. Power Auto Claims Satisfaction Study. The insurer also has an A++ financial strength rating from AM Best as well as an A+ BBB rating.

Read moreGeico insurance review


Oregon Insurance Requirements

According to Oregon Driver & Motor Vehicle Services, these are the state minimum coverage requirements for drivers in the state:

  • Bodily injury liability coverage: $25,000 per person/$50,000 per accident
  • Property damage liability coverage: $20,000 per accident
  • Personal injury protection (PIP): $15,000 per person

Each state has its own minimum insurance requirements, which generally require that drivers at least carry liability car insurance, though these limits vary. Two additional types of car insurance coverage that are recommended are comprehensive coverage and collision coverage. These coverage types offer additional peace of mind when you’re driving your vehicle. While they are not mandated by the state of Oregon, they’re often required by most lenders.


How To Get Oregon Car Insurance Quotes

To find affordable coverage that fits your needs, we recommend getting car insurance quotes from top-rated providers to compare your cost and coverage options. To get started, you can generally receive quotes online from most major providers. This is a quick and easy way to get an idea of what you’ll pay with each company you’re considering. You can also call companies for quotes or reach out to insurance agents or brokers for a more personalized quote experience.

Based on our review team’s comprehensive research, we found State Farm to be the top choice for car insurance in Oregon. State Farm offers low auto insurance rates across a variety of demographics, which is ultimately what separates this provider from its competitors. USAA, Nationwide, Country Financial, and Geico are also great options for drivers in the Beaver State.

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Best Cheap Car Insurance In Oregon: FAQ

How much is car insurance monthly in Oregon?

According to our rate estimates, drivers in Oregon pay an average of $111 per month for full-coverage car insurance, and $61 per month for minimum coverage. However, this will vary based on factors such as a policyholder’s age and driving record. Motorists that don’t have clean driving records may find higher rates.

Which company gives the cheapest car insurance?

In Oregon, the company that gives the cheapest car insurance is USAA, with full-coverage car insurance averaging out to $945 per year, according to our estimates.

Is car insurance cheaper in Oregon?

Yes, car insurance is cheaper in Oregon when compared to the national average. The average annual estimate for full-coverage auto insurance in Oregon is $1,334, which is nearly 23 percent cheaper than the national average ($1,730 per year.)

Does insurance follow the car or driver in Oregon?

Auto insurance follows the car in the state of Oregon, so your policy will generally cover the damage that occurs to your vehicle, even if someone else is driving your car.

Is it cheaper to insure a new car or a used car?

A used car is cheaper to insure than a new car. Because the costs of parts and repairs are much higher on a new vehicle due to factors such as newer technology, new cars are more valuable and more expensive to insure.

What insurance should I get for a used car?

You’ll need to at least meet the minimum insurance requirements of your state, but we recommend also purchasing comprehensive and collision coverage to ensure you’re covered if your vehicle is damaged. It’s also worth considering providers’ additional coverage options to see what best suits your needs.

How We Rate Insurers

Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:

  • Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
  • Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
  • Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
  • Service: We comb through customer reviews on sites like the BBB to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.

*Data accurate at time of publication.