Oregon boasts an extensive car culture. From drag racing to short race tracks and the World of Speed Motorsports Museum, Oregon drivers love their cars and take driving very seriously. Their love for motorsports has helped shape Oregon laws when it comes to auto insurance policies.
There are various factors that contribute to the cost of Oregon car insurance, from obvious ones like age and driving record to less obvious ones like credit rating. All these will impact how much your premium costs.
We analyzed how all these factors affect the cost of Oregon car insurance policies, then researched some of the top companies offering cheap rates to Oregon drivers in each driver profile category.
For Oregon car insurance comparison purposes, we began by reviewing average quotes for a 40-year-old male driver with a 2023 Honda Accord LX in Oregon. To compare with similar drivers from their zip code and age demographic. Furthermore, we factored in optional coverages such as comprehensive and collision policies which most lenders require you to buy when financing a car, using ValChoice’s auto insurance calculator to estimate how much these coverages add onto a typical Oregon quote.
As is evident from the chart, age is the primary determinant of Oregon car insurance premiums. Teen drivers will pay higher premiums while middle-aged drivers’ costs begin to decrease as they reach middle to late-20s; then steadily increasing until reaching 70s where rates once again start increasing again.
One major factor influencing the price of Oregon car insurance is your driving behavior and accident history. Your premiums could increase significantly if there have been multiple accidents or speeding tickets on your record; even one at-fault accident will typically increase it by an average of $98 monthly.
On top of these factors, other considerations also influence your Oregon car insurance, including your location and crime rate. Cities with higher vandalism or theft rates will have higher premiums; similarly, areas with heavy traffic tend to lead to more accidents and therefore claim filings – all factors which contribute to rising premiums.