Cheapest car insurance companies in Portland
Oregon Mutual and Travelers have the cheapest car insurance premiums for Portland drivers in 2023, based on a data study by Insurance.com.
Oregon Mutual has the cheapest car insurance rates in Portland at an average cost of $1,458 per year.
The cost of car insurance in Portland varies depending on your ZIP code, driving history, coverage level, and carrierAn insurance carrier is the company that provides your car insurance policy and pays claims.. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Portland.
| Companies | Average annual rates |
|---|---|
| USAA | $1,440 |
| Oregon Mutual | $1,458 |
| Travelers | $1,619 |
| Geico | $1,805 |
| Nationwide | $1,815 |
| Country Financial | $1,838 |
| State Farm | $2,015 |
| Progressive | $2,029 |
| Farmers | $2,929 |
| Allstate | $3,379 |
Cheapest car insurance cost in Portland by Age Group
Country Financial offers the cheapest full coverage car insurance for teenage drivers in Portland, with an average annual cost of $3,876 per year. Insurance companies deem teenagers as "high-risk" drivers due to their inexperience and statistically higher accident rates. This elevated risk profile translates to significantly higher car insurance costs for young drivers compared to their older counterparts.
Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.
Among the carriers analyzed, USAA is the cheapest car insurance option for young drivers in Portland, at $2,376 a year for a full coverage policy.
An analysis of car insurance rates for Portland drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,459 per year.
USAA tops the list in terms of affordability for senior drivers in Portland. With an average annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. of $1,515, USAA offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Country Financial | $3,876 | $2,382 | $1,898 | $1,901 |
| USAA | $4,652 | $2,376 | $1,459 | $1,515 |
| Geico | $5,397 | $2,645 | $1,775 | $1,524 |
| Travelers | $5,685 | $2,647 | $1,647 | $1,717 |
| State Farm | $5,898 | $3,291 | $2,018 | $1,998 |
| Farmers | $6,885 | $3,754 | $2,762 | $3,067 |
| Nationwide | $7,592 | $3,247 | $1,800 | $1,696 |
| Oregon Mutual | $7,985 | $2,795 | $1,495 | $1,910 |
| Progressive | $9,604 | $3,488 | $2,029 | $2,158 |
| Allstate | $11,222 | $5,217 | $3,350 | $3,519 |
Cheapest car insurance companies in Portland by driver profile
Your driving profile plays an important role in determining your car insurance rates in Portland. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
Finding the cheapest car insurance in Portland requires comparing quotes from multiple companies. This way, you can get the best coverage for your budget. Don't settle for the first offer; explore options for the most affordable fit.
Here are some of the cheapest car insurance companies in Portland based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
If you're a Portland driver with poor credit, Geico is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,704 annually.
Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores.
| Company | Average annual rates |
|---|---|
| Geico | $1,704 |
| Nationwide | $1,904 |
| Travelers | $2,553 |
| USAA | $2,638 |
| Progressive | $3,020 |
| State Farm | $3,200 |
| Farmers | $3,259 |
| Allstate | $3,308 |
Cheapest for drivers with a speeding ticket: State Farm
State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Portland. It offers full coverage car insurance for drivers aged 30 at about $1,432 per year.
Finding the right car insurance company is all about individual needs. Take the time to compare quotes from different carriers and secure the best deal. With careful analysis, you can find an insurance company that provides the best rates and coverage tailored to your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,432 |
| USAA | $1,582 |
| Nationwide | $2,119 |
| Geico | $2,241 |
| Travelers | $2,268 |
| Progressive | $2,398 |
| Allstate | $2,421 |
| Farmers | $2,726 |
Cheapest auto insurance after an at-fault accident: State Farm
If you've had an accident, State Farm might be your best bet for affordable auto insurance.
For Portland drivers with an at-fault accident, State Farm offers the cheapest average annual rate at $1,690. It's a great option if you're looking for affordable coverage that won't break the bank.
After an accident, your insurance rates are likely to go up. Finding a provider with competitive rates can help you minimize the financial impact.
| Company | Average annual rates |
|---|---|
| State Farm | $1,690 |
| USAA | $2,223 |
| Travelers | $2,302 |
| Nationwide | $2,441 |
| Geico | $2,544 |
| Farmers | $3,196 |
| Progressive | $3,205 |
| Allstate | $3,546 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the cheapest option for Portland drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,432, on average.
A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.
| Company | Average annual rates |
|---|---|
| State Farm | $1,432 |
| USAA | $2,222 |
| Progressive | $2,741 |
| Travelers | $2,905 |
| Geico | $2,964 |
| Allstate | $3,208 |
| Farmers | $3,336 |
| Nationwide | $3,455 |
Average car insurance cost in Portland
On average, Portland drivers pay $2,033 annually, or $169 monthly, for full coverage car insurance policies with a coverage level of 100/300/100. Conversely, the average annual cost of state minimum coverage in Portland is $862.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | State minimum average |
|---|---|
| $2,033 | $862 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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