How Much Does Car Insurance Cost in Portland, OR?
Portland, Oregon, often referred to as the “City of Roses” or simply “PDX,” is a vibrant and eclectic metropolis nestled in the Pacific Northwest. Known for its breathtaking natural beauty, progressive values, and thriving cultural scene, Portland has captured the hearts of residents and visitors alike. The city is surrounded by lush forests, with the Willamette River winding through its heart and plenty of attractions for drivers to hit the road.
So, how much can you expect your local car insurance to cost in Portland, OR?
Average Portland, OR Car Insurance Rates:
- State Minimum Liability: You can expect to pay $115 a month or $1,379 a year.
- Full Coverage: You can expect to pay $269 a month or $3,231 a year.
InsuranceQuotes cost rates are pulled from our real-time auto insurance database from recent quotes in your city – Rates are based on a used car driver who is single, middle aged & has a clean driving record. Read on to learn about the cheapest local rates filtered by insurance providers, new cars, vehicle types and age.
Drivers should compare multiple car insurance coverage options that may be cheaper than the average rates – we will breakdown costs throughout this city guide. Knowing average auto insurance costs beforehand is helpful when using InsuranceQuotes to compare free local and national provider quotes.
Cheapest Car Insurance Providers in Portland
- In Portland, OR the cheapest auto insurance providers on average are Progressive, State Farm and GEICO
- State minimum liability car insurance starts at $85 a month or $1,021 a year.
- Full coverage car insurance would cost around $231 a month or $2,769 a year.
Here is a breakdown of average costs from the cheapest local insurance providers near you from our data set of used-car drivers who are single, middle aged and have a clean driving record:
| Insurance Company: | Minimum Liability: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| Progressive Universal | $1,021 | $85 | $2,769 | $231 |
| State Farm | $1,174 | $98 | $2,483 | $207 |
| GEICO | $1,183 | $99 | $3,266 | $272 |
| Progressive Classic | $1,575 | $131 | $3,685 | $307 |
| Farmers | $1,939 | $162 | $3,950 | $329 |
| Average Cost: | $1,379 | $115 | $3,231 | $269 |
Oregon Auto Insurance Rates by Age Group
Oregon insurance companies will use age as a factor that influences your auto rates and quotes you receive. Younger drivers tend to face higher annual premiums compared to mature, more experienced drivers.
Statistics show that younger drivers, particularly teenagers and drivers in their early twenties, are more likely to be involved in accidents due to their limited driving experience and potential risky behavior on the road. Drivers older than 25 will see a significant drop in their auto policy costs as they are moved into the middle aged cost tier group for coverage.
* Full Coverage – Average Costs by Age:
- 17 – 25 years: $5,790 yearly – $482 monthly
- 25 – 54 years: $2,624 yearly – $219 monthly
- 55+ years: $2,982 yearly – $249 monthly
* State Minimum Liability – Average Costs by Age:
- 17 – 25 years: $2,144 yearly – $179 monthly
- 25 – 54 years: $935 yearly – $78 monthly
- 55+ years: $1,109 yearly – $92 monthly
Here is a full breakdown of the average costs for car insurance by age in Oregon:
| Age: | Minimum Liability: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| 17 | $3,382 | $282 | $8,894 | $741 |
| 18 | $2,958 | $246 | $7,863 | $655 |
| 20 | $1,925 | $160 | $5,285 | $440 |
| 22 | $1,283 | $107 | $3,597 | $300 |
| 24 | $1,121 | $93 | $3,144 | $262 |
| 29 | $1,020 | $85 | $2,852 | $238 |
| 34 | $1,011 | $84 | $2,747 | $229 |
| 39 | $1,024 | $85 | $2,714 | $226 |
| 44 | $1,013 | $84 | $2,638 | $220 |
| 49 | $1,003 | $84 | $2,584 | $215 |
| 54 | $951 | $79 | $2,424 | $202 |
| 64 | $942 | $78 | $2,361 | $197 |
| 74 | $1,192 | $99 | $2,944 | $245 |
| 76 | $1,264 | $105 | $3,117 | $260 |
What are the Most Expensive Vehicle Types to Insure?
The type of vehicle you drive in Oregon will affect the overall costs of car insurance.
To determine how much you can expect to pay for your auto insurance based on vehicle type we averaged multiple cost quotes in OR and pulled data for vehicles such as a Toyota Camry, Chevrolet Bolt, BMW 4 Series, Honda CRV and Nissan Titan.
We pulled data from Oregon insurance policy cost records across multiple providers. Our table displays the average costs associated with vehicle types for state minimum vs. full coverage policies of a driver who is single, middle aged, has a clean driving record, for a used vehicle:
| Vehicle Type: | Minimum Liability: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| Car (4door): | $1,535 | $128 | $3,347 | $279 |
| Truck: | $1,523 | $127 | $3,595 | $300 |
| Hybrid Electric: | $1,385 | $115 | $3,576 | $298 |
| SUV: | $1,326 | $111 | $2,845 | $237 |
| Luxury Coupe: | $1,405 | $117 | $4,646 | $387 |
How Expensive is it to Insure a Brand New Car?
Drivers of brand new cars can often expect to pay more to insure their vehicles since they cost more to repair and have higher rates of theft. However, coverage is sometimes cheaper than older models of the same vehicle because of enhanced security features on newer models that lower your annual premiums.
We pulled insurance cost rates data for newer 2022-2023 vehicles below to give you an idea of the difference in coverage price for newer cars vs. used vehicles in Oregon:
| Brand New Vehicle: | Minimum Liability: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| Car (4door): | $1,453 | $121 | $3,720 | $310 |
| Truck: | $1,527 | $127 | $4,027 | $336 |
| Hybrid Electric: | $1,439 | $120 | $4,061 | $338 |
| SUV: | $1,315 | $110 | $3,128 | $261 |
| Luxury Coupe: | $1,441 | $120 | $5,031 | $419 |
How Much Does a Driving Record Violation Increase Insurance Costs?
Driving violations can have a significant impact on your car insurance costs in Oregon, as they indicate a higher level of risk to insurance providers. When you receive a driving violation, such as a speeding ticket or a DUI, your insurance company may consider you a higher-risk driver, which can lead to an increase in your insurance premiums for the foreseeable future.
Here is a breakdown of full coverage car insurance cost increases with driving violations:
- Clean Driving Record: Average annual premium cost of $2,125
- Speeding Tickets: 14% increase of an extra $281 a year at $2,412
- At-Fault Accident: 41% increase of an extra $864 a year at $2,988
- DUI/DWI: 81% increase of an extra $1,728 a year at $3,853
| Driving Violation: | Minimum Liability: | Monthly: | Full Coverage: | Monthly: |
|---|---|---|---|---|
| Clean Record | $1,183 | $99 | $3,087 | $257 |
| 1 Speeding Violation | $1,393 | $116 | $3,738 | $311 |
| 1 At-Fault Accident | $1,645 | $137 | $4,349 | $362 |
| 1 DUI Violation | $1,519 | $127 | $4,017 | $335 |
How Much Car Insurance Do I Need in Oregon?
In Oregon, as in most states, there are minimum car insurance requirements that you must meet to legally operate a vehicle. These minimum requirements are typically expressed as a series of numbers that represent the minimum coverage amounts for different types of insurance.
- Bodily Injury Liability Coverage:
- $25,000 per person for bodily injury
- $50,000 per accident for bodily injury
- Property Damage Liability Coverage:
- $20,000 per accident for property damage
Many insurance experts recommend purchasing higher levels of coverage, especially if you have assets to protect or if you want to ensure that you’re adequately covered in case of a severe accident. It’s also a good idea to consider additional types of coverage, such as:
- Uninsured/Underinsured Motorist Coverage: This coverage protects you in case you’re involved in an accident with a driver who has little or no insurance.
- Collision Coverage: This covers the cost of repairs to your own vehicle in the event of an accident, regardless of who is at fault.
- Comprehensive Coverage: This coverage protects your vehicle from non-collision events, such as theft, vandalism, and natural disasters.
