Cheap Oregon Auto Insurance in 2024 (Earn Savings With These 10 Companies)

Auto insurance in Oregon tends to be more affordable than in many other states. If you’re looking for cheap Oregon auto insurance, you’re in the right place. USAA, State Farm and Progressive are the top providers for Oregon drivers starting at $30 per month.

Understanding auto insurance in Oregon, from what coverages you need to what the best companies are, will help you find the best coverage and rate for your needs.

Our Top 10 Company Picks: Cheap Oregon Auto Insurance

Let’s take a look at cheap Oregon auto insurance situation and everything a driver will need to know about finding the best cheap Oregon auto insurance. 

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#1 – USAA: Top Overall Pick

Pros

• Lowest Premiums: USAA often provides the most competitive starting premiums, ideal for budget-conscious drivers in Oregon seeking to minimize their insurance costs.
• High Customer Satisfaction: The provider consistently ranks high in customer satisfaction surveys, ensuring that Oregon drivers receive top-notch service and value.  Find our more through our Allstate vs. USAA insurance review.
• Comprehensive Options: USAA offers a wide array of coverage options, allowing Oregon drivers to tailor policies to their needs without sacrificing affordability.

Cons

• Eligibility Restrictions: Only available to military personnel, veterans, and their families, which limits access for other Oregon drivers seeking cheap insurance options.
• Limited Physical Locations: USAA’s fewer physical branches may be inconvenient for Oregon drivers who prefer in-person interactions for their insurance needs.

#2 – State Farm: Best for Customer Service

Pros

• Broad Range Of Discounts: With various discounts such as safe driver and multi-policy, State Farm helps Oregon residents lower their insurance premiums effectively. Delve more through our State Farm insurance review.
• Large Network Of Agents: The extensive network of local agents in Oregon provides personalized service, helping drivers find cost-effective insurance solutions.
• User-Friendly Tools: State Farm’s online tools and mobile app simplify managing policies and claims, making it easier for Oregon drivers to handle their insurance affordably.

Cons

• Higher Premiums: State Farm’s premiums can be higher for certain drivers, which might make it less attractive for those specifically seeking cheap insurance in Oregon.
• Mixed Claim Experiences: Some users report inconsistent experiences with claims processing, which could affect the overall value for Oregon drivers.

#3 – Progressive: Best for Competitive Rates

Pros

• Competitive Rates: Progressive’s competitive rates are advantageous for Oregon drivers looking for affordable insurance options without compromising on coverage.
• Flexible Coverage Options: The range of customizable coverage options allows Oregon drivers to adjust their policies for cost-effectiveness. Find out more through our Progressive insurance review.
• Easy Online Management: The user-friendly website and app make managing policies and claims straightforward, ensuring that Oregon drivers can maintain cheap insurance efficiently.

Cons

• Variable Customer Service: Inconsistent customer service experiences may affect overall satisfaction for Oregon drivers seeking both affordable and reliable insurance.
• Potential For Rate Increases: Rates might increase after the initial term, potentially impacting long-term affordability for Oregon drivers.

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#4 – Geico: Best for Cheap Rates

Pros

• Low Rates: Geico’s low rates make it a strong contender for cheap Oregon auto insurance drivers’ options.
• User-Friendly Website: The easy-to-navigate website helps Oregon drivers manage policies and file claims efficiently, ensuring continued affordability.
• Strong Financial Stability: Geico’s financial stability provides confidence that it will continue to offer affordable coverage without compromising on reliability. Read more through our Geico insurance review. 

Cons

• Mixed Customer Service: Geico’s customer service can be hit or miss, which might affect Oregon drivers who need reliable support for their cheap insurance.
• Limited Coverage: Some drivers may find Geico’s coverage options less flexible, which could impact those looking for tailored cheap insurance solutions in Oregon.

#5 – Travelers: Best for Unique Coverage

Pros

• Unique Coverage Options: Travelers offers unique coverage options that may appeal to Oregon drivers seeking comprehensive and affordable insurance solutions.
• Good Discounts: A variety of discounts can lower insurance costs, making Travelers a viable option for Oregon residents looking to save.
• Strong Satisfaction: Positive claims handling reviews suggest that Oregon drivers can expect effective support when needed. Look for more details through our Travelers insurance review.

Cons

• Higher Base Premiums: Travelers may have higher base premiums, which could be less appealing for those specifically searching for cheap insurance in Oregon.
• Service Variability: Inconsistent customer service could impact the overall satisfaction of Oregon drivers seeking both affordable and reliable insurance.

#6 – American Family: Best for Discount Options

Pros

• Discount Opportunities: Numerous discount options help reduce premiums, making American Family a strong choice for Oregon drivers looking for affordable insurance. Learn more on our American Family insurance auto insurance review.
• Flexible Coverage: Customizable coverage options enable Oregon residents to find affordable insurance tailored to their specific needs.
• User-Friendly Tools: Effective online tools and mobile apps assist Oregon drivers in managing their policies and saving money.

Cons

• Higher Rates: American Family’s rates can be higher for certain drivers, which may not be ideal for those focused solely on finding cheap insurance in Oregon.
• Limited Coverage: Availability and coverage options may vary, potentially limiting affordable choices for some Oregon drivers.

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#7 – Nationwide: Best for Simple Claims

Pros

• Simple Claims Process: An efficient claims process benefits Oregon drivers by making it easier to handle claims without impacting their budget.
• Wide Range Of Options: Nationwide offers various coverage options, allowing Oregon drivers to find affordable solutions that meet their needs.
• Numerous Discounts: Multiple discount opportunities help reduce overall costs, making Nationwide a strong contender for cheap Oregan auto insurance.

Cons

• Higher Premiums: Nationwide’s premiums may be higher compared to some competitors, which might not appeal to those specifically seeking cheap insurance in Oregon.
• Mixed Customer Reviews: Inconsistent reviews could affect the overall value and satisfaction for Oregon drivers looking for affordable insurance solutions. Find out more through our Nationwide insurance review.

#8 – Farmers: Best for Policy Options

Pros

• Comprehensive Policy Options: A wide range of policy options allows Oregon drivers to customize coverage while maintaining affordability.
• Good Customer Service: Reliable customer service helps Oregon residents navigate their insurance needs effectively and affordably.
• Discount Opportunities: Various discounts, such as bundling, help reduce insurance costs, making Farmers a viable option for cheap Oregon auto insurance. Read more through our Farmers auto insurance review.

Cons

• Higher Premiums: Farmers may have higher premiums, which might not be ideal for those solely seeking cheap insurance in Oregon.
• Mixed Claims Experience: Inconsistent claims processing experiences could impact the overall satisfaction and value for Oregon drivers.

#9 – Liberty Mutual: Best for Policy Options

Pros

• Extensive Coverage Options: A variety of coverage options allows Oregon drivers to find affordable and comprehensive insurance solutions.
• User-Friendly Tools: Effective online and app tools simplify policy management, aiding Oregon drivers in maintaining affordable insurance. Read more through our Liberty Mutual auto insurance review.
• Strong Financial Stability: Liberty Mutual’s financial reliability ensures ongoing support for claims and affordable coverage.

Cons

• Higher Premiums: Premiums can be higher, particularly in urban areas, which might impact the affordability of insurance for Oregon drivers.
• Inconsistent Customer Service: Mixed reviews on customer service could affect the overall value for those seeking both cheap and reliable insurance in Oregon. 

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#10 – Allstate: Best for Claims Satisfaction

Pros

• Good Range Of Discounts: Discounts help reduce premiums, making Allstate a strong option for those looking for cheap Oregon auto insurance.
• Comprehensive Options: Extensive coverage options allow for a balance between affordability and comprehensive protection for Oregon drivers.
• Strong Local Agent: A wide network of agents provides personalized service, helping Oregon drivers find cost-effective insurance solutions. Read more through our Allstate insurance review.

Cons

• Higher Premiums: Premiums may be higher compared to some competitors, which could affect those specifically seeking cheap insurance options in Oregon.
• Mixed Customer Service: Variable customer service experiences may impact overall satisfaction for Oregon drivers looking for reliable and affordable insurance.

Oregon Auto Insurance Requirements

State law in Oregon requires drivers to have a wide variety of different auto liability insurance policies to fully protect themselves from the financial risks associated with automobile accidents.

Drivers in Oregon are subject to the “tort” system, meaning that one of the parties involved in an accident will be found “at fault” – meaning that for all intents and purposes, they caused the accident.

This driver’s auto insurance would then kick in to cover the claims against that person for medical costs, property damage and the like.

Oregon Auto Insurance Monthly Rates by Coverage Level & Provider

There are four different areas of cheap Oregon auto insurance coverage that are legally required to purchase before they are allowed to drive on the roads.

These policies are bodily injury liability, property damage liability, uninsured motorist coverage, and personal injury protection; we’ll look at each one below.

Bodily injury liability – this covers injury claims against the at-fault driver when they cause an accident. Essentially, this type of coverage is meant to pick up medical treatment costs, hospital bills, lost wages, disability costs, and rehabilitation costs stemming from the crash.

Property damage liability insurance – this covers the cost of repairing any property damage that the at-fault party causes with their vehicle in an accident. This could range from bodywork on another car to replacing a fence or signage.

It’s required that drivers purchase a minimum of $20,000 of PDL insurance.

Uninsured motorist coverage – this policy is a bit different in that it protects the driver and their passengers against the treatment costs from injuries caused in an accident with an uninsured driver.

It’s basically bodily injury liability insurance that covers you, and only kicks in when the other driver has no insurance. The minimum coverage here is the same $20,000 per person, per accident, and $50,000 for all parties in a single accident.

Personal injury protection – PIP coverage helps cover the costs associated with any medical expenses incurred by the driver or any of their passengers in a crash, regardless of fault.

This can be incredibly helpful in an accident where the other driver is at fault but has insufficient bodily injury liability insurance to cover your medical treatments, requiring you to sue.

If you have PIP insurance, you can rest assured that the bills will be taken care of. The minimum coverage required is $15,000.

Oregon Auto Insurance Rates

Thanks to a number of factors which we’ll discuss below, Oregon’s drivers now enjoy some of the least expensive auto insurance rates available anywhere in the country. It costs monthly of just $99 to insure a car in Oregon, which comes out to less than $100 per month.

Compared to a nationwide median insurance cost of $120 per month, this is an incredible deal for Oregonians.

The only major city where Oregon auto insurance rates are more expensive than this is Portland, which is typical of larger cities. Drivers in Portland can expect a monthly auto insurance rate of $127, which is a bit higher than the national average but still a fantastic deal.

Take a look at our interactive map to see how your ZIP code stacks up.

While many of these factors are simply based on your own driving record, two things that affect even the safest drivers are age and gender (learn how age affects auto insurance rates).

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Oregon Driving Statistics

Oregonians have been driving much safer over the past decade, which has driven crash rates down and is one of the reasons that auto insurance rates are among the lowest in the nation.

2009 was no different, with drivers registering a total of 41,271 total vehicle crashes across the state – a drop of about 1.3% from the 2008 numbers.

The real shining star here is a huge drop of nearly 10% in the number of fatalities caused by vehicle accidents, with 2009 seeing just 377 total fatalities.

As long as Oregon’s drivers continue to focus on road safety and avoiding unnecessary distractions such as texting while driving and driving while under the influence, these numbers will keep decreasing.

This represents a drop of nearly fifty percent in just five years, which is nothing short of spectacular and again is a major cause for such low auto insurance rates.

This is a direct result of increased law enforcement initiatives that have targeted auto theft, including the use of bait cars. Drivers also receive credits on their insurance for using anti-theft recovery systems such as immobilizers and “Lojack” systems, which further help to bring down auto thieves.

Additional Oregon Automobile Insurance Information

We can help you to find affordable Oregon auto insurance quotes from the top insurance companies that operate in the state.

 

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