Getting cheap car insurance in Oregon doesn’t have to be challenging! In fact, it may be even easier than you think. Certain Oregon car insurance companies are known for having lower-than-average prices.
Country Financial, for example, is frequently cheaper than other car insurance companies. GEICO and American Family Insurance are two other car insurance companies in Oregon known for offering comparatively low rates.
The Best Car Insurance for Young Drivers in Oregon
Younger, less experienced drivers tend to pay more for car insurance than older drivers. However, you can compare quotes to save an enormous amount of money on car insurance in your teens and 20s. GEICO and Country Financial are two low-cost car insurance companies for young drivers in Oregon. State Farm is another popular option. Based on our thousands of quotes provided to young drivers in Oregon, we’ve found that these companies tend to offer slightly lower rates. However, quotes are fairly competitive across all major Oregon car insurance companies.
What Factors Go Into My Oregon Car Insurance Prices?
Oregon car insurance prices are affected by a number of different things. In certain states, insurance companies are restricted from using certain things to assess car insurance prices. Oregon car insurance companies, however, can use all of the following:
- Driving record and claims history
- Age, gender, and marital status
- Make, model, and year of your car
- ZIP code where your car will be parked
- How you use your vehicle
- Prior insurance history, including any lapses in coverage
By taking all of these things into consideration, Oregon car insurance companies will calculate a quote based on your unique demographic information.
Car Insurance for Teen drivers in Oregon
Teen drivers in Oregon need to go through a graduated licensing program in order to receive their full license.
You can apply for your learner’s permit when you’re at least 15 years old. Also known as an instruction permit, this license is valid for two years. However, teen drivers can apply for their full license when they turn 16.
Typically, if you’re driving an insured family vehicle and abiding by your licensing requirements, you won’t need to adjust your car insurance policy on your learner’s permit. An ordinary car insurance policy in Oregon will cover teen drivers with a learner’s permit. However, once you have a full license and can drive without an adult in the vehicle, your family will need to upgrade the car insurance policy – or you’ll need to purchase your own car insurance.
Drivers in Oregon Cities Pay More for Car Insurance
If you live in Portland or surrounding communities, then you may pay more for car insurance than drivers in rural areas, all other things being equal. Urban areas tend to have higher claims rates than rural areas. There are more things that can go wrong. There’s more traffic. There are more opportunities to get into a collision. For all of these reasons, you can expect to pay slightly higher rates in Oregon cities like Portland than you would in rural areas. This difference, however, isn’t as noticeable in smaller Oregon cities like Bend, Eugene, and Salem.
Auto Insurance Requirements In Oregon
In the state of Oregon, you, as a motor vehicle operator, are held responsible financially for any damage and/or injuries that result from an auto accident in which you are at fault. For this reason, Oregon requires all drivers to carry liability insurance with minimum levels of 25/50/10 (see the chart below).
However, since there are millions of dollars in damages each year caused by uninsured drivers, Oregon has made it mandatory for all drivers to carry uninsured/underinsured motorist coverage on their policy with minimum levels of 5/50 (see the chart below). This will help to cover your expenses in the unfortunate event that you were struck by an uninsured or underinsured motorist.
Finally, Oregon required that you have personal injury protection (PIP) in the amount of $15,000. This coverage will help to cover expenses for you and your passengers, no matter whose fault the accident was. PIP in Oregon covers medical expenses, loss of wages, and even child care.
For even more protection, Oregon drivers may choose collision and /or comprehensive add-ons to complement their auto insurance policy.
|Coverage Type||Required?||Minimum Coverage Amount Required|
|Bodily Injury Liability||Yes||$25,000 per person
$50,000 per accident
|Property Damage Liability||Yes||$10,000|
|Uninsured Motorist Bodily Injury||Yes||$25,000 per person
$50,000 per accident
Auto Insurance for Leased Vehicles in Oregon (OR)
Most leasing companies in Oregon typically require drivers to maintain insurance coverage which exceeds the minimums set by Oregon state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:
- Bodily injury liability coverage: $100,000 per person/$300,000 per accident
- Property damage liability coverage: $50,000
- Comprehensive and collision coverage: $500 maximum deductible
Auto Insurance Contacts In The State Of Oregon
|Oregon Department of Motor Vehicles
1905 Lana Ave NE
Salem, OR 97314
|Oregon Insurance Division
350 Winter St NE Room 440
Salem, OR 97301-3875