Oregon law mandates all drivers maintain at least minimum car insurance coverage. This may include liability coverage, personal injury protection and uninsured/underinsured motorist coverage. Liability coverage pays for other drivers’ medical costs and vehicle damage costs when you’re responsible in an accident; PIP covers your own medical costs as well as part of lost wages in case of an accident; comprehensive and collision coverage cover repairs to your own vehicle after an accident, replacement costs if it’s damaged in an accident, theft coverage. Many lenders require collision and comprehensive coverage if leasing or financing your car from them; many lenders require it if leasing/financing agreements require it for financing agreements and lease/financing arrangements.
Your decision regarding full coverage depends on several factors, such as your finances, vehicle value and risk tolerance. Typically speaking, higher liability limits and additional coverages such as rental car reimbursement cover the costs for an alternative rental car while gap insurance pays off your loan balance in case your vehicle is totaled or stolen.
Car insurance rates depend on factors like driver, location and coverage level. To provide an idea of potential costs for different driver profiles in Oregon and compare them with the national average, our analysis takes into account factors like age, gender and zip code for comparison; however your own premiums will ultimately depend on much more personal details than these statistics can show.
Our data indicates that Oregon drivers typically pay approximately $1,030 annually for full coverage (liability, collision and comprehensive). But as can be seen below, this figure can differ greatly based on individual circumstances.
An Oregon male driver aged 35 with a clean driving record will pay less than the overall average cost for car insurance — an estimated $637 annually on average – due to their lower risk to insurers than high-risk drivers such as those involved in accidents or have speeding tickets on their records.
Use our search tool above to quickly determine which insurer offers Oregon drivers the most affordable car insurance policies, as well as quotes from three of Oregon’s most cost-effective providers and an overview of average costs per driver profile. State Farm, Country Financial and USAA are among the least expensive auto insurers in Oregon according to user ratings on WalletHub. These companies also provide competitive rates and flexible payment options for drivers with poor credit, making it easier to find an ideal policy without breaking the bank. But keep in mind that finding a policy with one insurer might not necessarily be best suited for another – to find your perfect insurance deal it is essential to compare quotes from multiple insurers.