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    The best cheap car insurance in Oregon

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    The best cheap car insurance in Oregon

    oregon car

    oregon car Scenic route to Mount Hood in Summer, Oregon.

    Carmen Martínez Torrón/Getty Images


    Car insurance in Oregon is relatively affordable, with the average driver paying $877 per year for coverage according to the Insurance Information Institute. But, even though coverage is affordable in this West Coast state, there’s still a lot to be saved by shopping around for coverage and comparing quotes.

    Shopping around for your car insurance is the best way to make sure that you’re getting the best rate for you. Car insurance companies base their premiums, or the amount you’ll pay for coverage, on a variety of factors. Since each company weighs factors differently, getting one quote won’t help you make sure you’re getting the best possible price.

    The most popular car insurance companies in Oregon

    The following are the most popular car insurance companies in Oregon, based on the percentage of insured Oregon drivers who use them:

    Company Market share (%)
    State Farm 18.83
    Progressive 16.15
    GEICO 10.38
    Farmers Insurance 8.42
    Liberty Mutual 8.28
    Allstate 8.13
    USAA* 6.43
    COUNTRY Financial 3.75
    American Family Insurance 3.39
    Travelers 1.77
    Nationwide 1.72
    PEMCO Mutual Insurance 1.4
    The Hartford 1.33
    Mutual of Enumclaw 0.99
    Kemper 0.98
    MetLife 0.96
    Sentry 0.8
    Oregon Mutual 0.76
    CSAA 0.63
    Amica 0.54

    *USAA is only for active military, veterans, and their families.

    Data from S&P Global Intelligence

    The best car insurance in Oregon based on customer satisfaction

    Customer satisfaction with car insurance providers may factor into your decision. According to J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Northwest region (which includes Oregon):

    1. GEICO
    2. Pemco
    3. Region Average
    4. Progressive
    5. The Hartford
    6. Liberty Mutual
    7. Safeco
    8. State Farm
    9. Allstate 
    10. Farmers
    11. Travelers
    12. American Family

    The best cheap car insurance in Oregon based on credit score

    Consumer Reports compiled car insurance pricing formulas from every insurance company in each state. It found that three companies offer the best prices for the typical single adult driver in Oregon in three different credit categories.

    People with excellent FICO scores (800-850) can expect to see some of the lowest rates in Oregon, on average:

    • Safeco car insurance: $819 per year
    • USAA car insurance: $826 per year
    • State Farm car insurance: $840 per year

    Drivers with good credit, FICO scores 670-739, will find that their best options are USAA and State Farm, on average:

    • USAA car insurance: $974 per year
    • State Farm car insurance: $1,041 per year
    • Safeco car insurance: $1,044 per year

    Drivers with poor credit, FICO scores 300-579, will pay the most for car insurance coverage, on average. Here are the three most affordable companies for this credit range:

    • American Family car insurance: $1,756 per year
    • Allstate car insurance: $1,968 per year
    • State Farm car insurance: $2,010 per year

    The best car insurance for drivers with a clean record

    For a driver in Oregon age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:

    Company Average monthly insurance premium 
    Bristol West $66
    State Farm $104
    Root $108
    Travelers $115
    Liberty Mutual $119
    GEICO $122
    Progressive $129
    Allstate $137
    Esurance $150
    American Family $150
    USAA* $159
    Safeco $193
    Farmers $224

    *USAA is only for active military, veterans, and their families.

    Above data obtained from Savvy, based on 1,273 policyholders in the state of Oregon

    The best car insurance for one or more accidents on record

    For a driver in Oregon age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:

    Company Average monthly insurance premium 
    Esurance $104
    GEICO $131
    Allstate $132
    Bristol West $145
    Farmers $145
    Progressive $173

    Above data obtained from Savvy, based on 1,273 policyholders in the state of Oregon

    Oregon car insurance rates by city

    Below is the estimated average annual premium of auto insurance policies per household in Oregon’s most populous cities:

    City Average annual insurance premium 
    Portland $1,365
    Salem $1,320
    Eugene $1,263
    Gresham $1,326
    Hillsboro $1,433
    Beaverton $1,395
    Bend $1,395
    Medford $1,283
    Springfield $1,243
    Corvallis $1,281
    Albany $1,340
    Aloha $1,433
    Tigard $1,427
    Keizer $1,367
    Lake Oswego $1,521
    Grants Pass $1,150
    Oregon $1,418
    McMinnville $1,325
    Redmond $1,342
    Tualatin $1,442
    West Linn $1,539
    Bethany $1,637
    Woodburn $1,285
    Wilsonville $1,398
    Forest Grove $1,340
    Newberg $1,386
    Roseburg $1,240
    Hayesville $1,272
    Ashland $1,274
    Sherwood $1,546
    Milwaukie $1,332
    Happy Valley $1,600
    Klamath Falls $1,246
    Altamont $1,263
    Central Point $1,312
    Hermiston $1,270
    Lebanon $1,247
    Oak Grove $1,333
    Four Corners $1,283
    Canby $1,400

    Data from S&P Global Intelligence

    Who gets the best cheap car insurance in Oregon?

    As the car insurance prices above show, drivers with the best credit scores will typically see the lowest cost of coverage in Oregon. But, that doesn’t mean that you can’t save if you don’t have a perfect credit score.

    Raising your credit score could help lower your car insurance costs. And, you can save by shopping around for coverage. Every car insurance company prices premiums according to different factors, so you’ll want to see what types of coverage and rates multiple companies offer. 

    Get quotes from several companies and compare them to find your best cost for coverage. Look for the policy with the most coverage types and the highest limits for your budget. Also make sure to look at the deductible, or the amount you’ll pay out of pocket if you get into an accident. Generally, the lower the premium, the higher the deductible. Look for a policy that has a low deductible, the most coverage, and the lowest premium to find your best deal.

    Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

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    (the headline, this story has not been published by Important India News staff and is published from a syndicated feed.)

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