Oregon drivers must carry auto insurance, with an average premium in Oregon coming to $637 annually. But depending on factors like driver characteristics and coverage levels, that premium could fluctuate significantly; understanding what factors can impact Oregon auto insurance rates can help you identify which insurer best meets your needs.
Our Oregon car insurance calculator helps you estimate your rate based on factors like location and vehicle make/model year/type. Since these are just some of many influences that affect rates, it’s wise to obtain quotes from multiple providers before making your final choice.
Oregon drivers with impeccable driving records are one of the main factors influencing car insurance rates in Oregon. Insurance companies reward those with clean records with lower premiums while those who drive recklessly have to pay higher premiums. Oregon drivers with clean records may even qualify for discounts to further decrease their premiums.
Teen drivers in Oregon tend to pay more for car insurance than their parents if they switch policies; this is due to young drivers being considered higher risks by insurance providers; their premiums reflect this risk factor. It may be possible for teen drivers to lower their rates by remaining on their parent’s policy instead.
State requirements for minimum car insurance policies in Maryland specify $25,000 of bodily injury liability per person and $50,000 of property damage liability coverage as minimums; in addition, uninsured/underinsured motorist coverage must also be present. While these minimum requirements provide a solid foundation, comprehensive and collision policies could help cover more expenses should an accident occur.
Insurance companies base their rates on local factors, including crime statistics, claim frequency and cost of living considerations in cities or ZIP codes. Urban areas tend to experience higher premiums due to higher traffic incidence and accidents resulting in more car insurance claims.
As vehicles age, their value decreases, which causes their insurance costs to go down accordingly. Older cars may even qualify for discounts as being considered lower risk by insurance providers.
Oregon’s minimum coverage limits include $25,000 of bodily injury liability coverage, $50,000 property damage liability protection and uninsured/underinsured driver coverage – this amount is far lower than what most drivers require in an event of an accident, according to NOLO reports that only 10.7% of drivers in Oregon are insured.
Our ranking of Oregon’s best car insurers is determined based on customer satisfaction, financial strength and claims handling as well as price and coverage options. In addition, we consider availability within certain geographic areas as well as national market share – in Oregon alone these were among those making our list: