Car insurance rates in Oregon can differ widely. Insurance providers use multiple factors to calculate rates, including age, driving history and credit score. To find the cheapest car insurance policy possible in Oregon it’s wise to shop around among multiple providers; our editors at WalletHub have identified several companies offering discounted policies tailored towards various groups such as teens/young adults/middle aged drivers/college students and seniors.
If you’re shopping around for car insurance in Oregon and looking to save money, opting for minimum coverage might be your best bet. Oregon state minimum requirements stipulate $100,000 of bodily injury liability per person and $50,000 property damage liability with uninsured/underinsured motorist coverage as the bare minimums. Comprehensive and collision policies might cost more, but may provide added peace of mind behind the wheel.
Oregon’s minimum car insurance requirements may be less expensive than full coverage, but they don’t provide adequate protection in an accident. You may add additional liability coverage to increase limits and decrease premiums, or select additional protection such as comprehensive or collision coverage for extra peace of mind.
Addition of teen drivers is one of the main drivers behind high Oregon car insurance rates and premium costs, raising rates significantly over time. Given their lack of experience on the roads, teenage drivers in Oregon are considered high-risk due to their inexperience, so teaching good driving habits early and providing them with vehicles equipped with safety features are both key elements in maintaining low premium costs for auto insurance policies in Oregon.
Your location can also have an effect on Oregon car insurance rates, as insurers adjust rates according to local risk factors. For instance, your neighbor in Bend might pay different premiums than you due to his/her unique risk profile.
Speeding tickets or at-fault accidents on your driving record can dramatically raise Oregon car insurance rates, since insurers consider you a high-risk driver, more likely to cause accidents in the future.
For the lowest possible car insurance for at-fault drivers, it’s advisable to compare quotes from various providers. WalletHub research has found that USAA, State Farm and Geico offer the lowest annual rates for drivers with at-fault accidents on their records while Allstate and Country Financial offer more competitive prices for teenagers. USAA boasts the lowest minimum coverage rates on average, followed closely by State Farm. If you need affordable full coverage policies in Oregon, USAA also tops their ranks as an affordable solution – they also specialize in serving military members and veterans! Allstate is known to offer competitively-priced rates to drivers with good grades, and its telematics program may help you earn discounts if you travel fewer than 10,000 miles annually. Compare dozens of car insurance rates in Oregon to determine how much money can be saved with appropriate coverage.