How the Car Insurance Calculator Works

Oregon car insurance costs vary significantly depending on a number of factors, from driving record and claims history to vehicle type and annual mileage, coverage levels selected and other variables such as age gender and credit history.

Understanding how car insurance rates are calculated and comparing options is vital in finding the policy best suited to a driver. This article will assist Oregon drivers assess their needs and locate competitive pricing policies.

Oregon requires drivers to carry liability insurance in order to protect others from property damage and bodily injury caused by their accidents, but additional coverage such as collision and uninsured motorist coverage might also be appropriate based on budget and risk tolerance. Furthermore, it’s essential that drivers understand both minimum coverage requirements in their state as well as recommended levels.

Location can have an immense effect on your rates as insurers use city-specific data such as crime stats and frequency of car claims to assess risk. Furthermore, certain areas are susceptible to specific risks like high theft rates or natural disasters that require extra coverage.

Your credit score can have a dramatic effect on the cost of Oregon car insurance. In general, those with higher credit scores tend to pay less for auto coverage compared to those with lower scores; as an illustration WalletHub conducted an analysis comparing average annual rates of coverage in some of Oregon’s most populous cities for 45-year-old male drivers with minimum coverage and clean driving records in Oregon cities with annual premiums starting at $850 annually.

Driving history can have a major effect on your Oregon car insurance rates, particularly if there have been recent at-fault accidents or speeding tickets. On average, drivers with at least one accident over the past five years pay an extra amount each year when compared with drivers with clean records; those letting their coverage lapse pay an average annual increase of $104 more compared with continuous coverage policies.

Each of these variables can have an effect on the premium you pay for Oregon car insurance, which makes comparison shopping essential before making your final decision. To help Oregon drivers, WalletHub has identified top-rated companies offering competitive prices with multiple coverage options and excellent customer service.

State Farm, Geico, Nationwide and USAA were ranked as top providers based on pricing, coverage options and discounts, customer satisfaction rankings from JD Power and financial strength ratings from AM Best and Standard & Poor’s – and each is available to all drivers regardless of military status. Click on each link below for more information and use WalletHub’s free quote tool to compare options that fit best into your situation.