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The average cost of auto insurance in Beaverton, Oregon is $ 775 per year for minimum coverage and $ 1,495 per year for full coverage. While you might be torn between finding the best and the cheapest auto insurance in Beaverton, you don’t have to choose between solid coverage and low prices. There are many auto insurance companies that offer below average rates and robust coverage options in Beaverton, including Geico, State Farm, and Travelers.
In 2019, there were over 50,000 vehicle accidents in Oregon, further reinforcing the need for proper auto insurance coverage. Bankrate’s research could help you find an auto insurance policy in Beaverton that meets both your needs and your budget.
Best Car Insurance Companies in Beaverton
In search of the best auto insurance in Beaverton, Bankrate’s insurance editorial team analyzed the average annual rates provided by Quadrant Information Services as well as coverage, discounts, policy features and third party ratings for them. biggest insurance companies in town.
When looking for the best auto insurance, Beaverton drivers may want to get quotes from these providers:
| Insurance company | JD Power Score (Northwest region) |
Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|---|
| Travelers | Unclassified | $ 538 | $ 1,142 |
| Geico | 821/1000 | $ 700 | $ 1,367 |
| Progressive | 817/1000 | $ 710 | $ 1,397 |
| State farm | 844/1000 | $ 737 | $ 1,333 |
Travelers
Travelers offers the standard insurance coverage options you would expect from a major national carrier, but also offers specialty coverage such as ridesharing insurance and new car replacement. Where Travelers stands out is the amount of one-time discounts. Policyholders could save money by bundling policies, driving an electric vehicle, and maintaining coverage without a renewal interruption.
Learn more: Traveler insurance review
Geico
Geico began offering insurance products over 75 years ago and has grown to become the country’s second largest auto insurance provider in terms of market share. Geico scores a little lower among the carriers listed in the JD Power survey, but it maintains an A ++ (superior) financial strength rating with AM Best. Geico doesn’t offer the widest range of coverage options, but you might be happy with the long list of discounts available.
Learn more: Geico Assurance review
Progressive
Progressive was founded in 1937 and today is the third largest auto insurance provider in the United States by market share. Like Geico, Progressive does not perform as well in the JD Power survey as other companies, but achieves an A + (above) financial strength rating with AM Best. The company’s discounts are extensive, with savings options ranging from multiple cars and multiple policies to paperless statements and full premium payment.
Learn more: Gradual insurance review
State farm
State Farms has the highest customer satisfaction rating with JD Power in the Northwest region, with 844 out of 1,000 points. While State Farm does not offer as many unique coverage options as other operators, it does offers innovative communication features. The popular smartphone app gives you access to policy management features, including contacting your local agent if needed.
Learn more: State agricultural insurance review
The cheapest auto insurance in Beaverton
The average cost of insurance in Beaverton is $ 775 per year for minimum coverage and $ 1,495 per year for full coverage. Oregon’s average full coverage premium is $ 1,346 per year, and the national average annual premium for a full coverage policy is $ 1,674. On average, Beaverton drivers pay less than the national average but slightly more than the Oregon average for full coverage each year.
While finding the cheapest rates available can help you get coverage that fits your budget, there are more factors to consider than price. For example, Geico does not offer the number of coverage options offered by other operators, such as Progressive and Nationwide. However, Geico offers a variety of discounts for savings beyond the lower premiums.
| Insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Travelers | $ 538 | $ 1,142 |
| United States | $ 589 | $ 1,115 |
| At national scale | $ 683 | $ 1,170 |
| Geico | $ 700 | $ 1,367 |
| Progressive | $ 710 | $ 1,397 |
Insurance Requirements in Beaverton
Oregon requires drivers to have at least a minimum amount of auto insurance coverage to legally drive. In Oregon, the minimum coverage requirements are:
Minimum coverage may be one of the cheapest options for auto insurance, but might not be the best choice for your long-term financial health. You are responsible for paying for damages and injuries you cause in a responsible accident. If these bills exceed your insurance amount, you will have to pay out of pocket. Higher liability limits provide more financial protection to help you avoid the stress of those bills.
In addition, the assembly and the collision are not included in the minimum state requirements. These options add coverage for damage to your own vehicle. If you have a loan or lease for your vehicle, your lender likely requires you to purchase a comprehensive coverage policy, which includes comprehensive and collision coverage.
Auto insurance discounts in Beaverton
One of the best strategies to find the cheapest auto insurance rates is to use as many discounts as possible. Most insurance companies in Beaverton offer a range of discounts that could help you lower your premium. Common discounts include:
- Multi-vehicle: Insuring more than one vehicle with the same company often entitles you to a multi-vehicle discount.
- Multi-policy: If you’ve already purchased a home or tenant insurance policy from an operator, inquire about the discount available if you add an auto insurance policy.
- Good student: For full-time students under 25, maintaining a B average or higher can help you get a good student discount from some companies.
- Owner discount: This discount is sometimes offered to insured homeowners, regardless of the company that takes out the home insurance policy.
Knowing the variety of discounts available is a smart way to save on premiums with very little effort. In addition to these, there are many ways to save, including paperless statements, full payment for each renewal period, and signing up for telematics programs.
Frequently Asked Questions
What is the best auto insurance company?
To find the best car insurance company in Beaverton, you can compare quotes from several carriers. This will allow you to review financial strength ratings, customer service reviews, coverage options, and available discounts. Knowing this information can help you determine what is the best option for your lifestyle and budget.
How Much Car Insurance Do I Need in Beaverton?
You only need to purchase Oregon’s minimum coverage to legally drive, but you may need more coverage depending on your situation. Drivers of financed or leased vehicles will likely need to add comprehensive and collision coverage. Most insurance experts also recommend that you purchase levels of liability coverage that are higher than the state minimum. Additionally, there are often several optional coverages, such as roadside assistance and rental car coverage, that you can consider.
What factors determine my auto insurance premium?
Insurance companies have proprietary methods of rating policies. Most companies use your age and gender, the type of vehicle you drive, the coverages and levels you choose, your driving history, and your zip code to determine your premium. Insurance premiums are risk based. Insurance companies will generally charge at-risk drivers a higher premium to compensate for the greater likelihood of claims.
Methodology
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:
- $ 100,000 liability for bodily injury per person
- $ 300,000 in civil liability for bodily injury per accident
- Civil liability for property damage of $ 50,000 per accident
- $ 100,000 in bodily injury caused by an uninsured motorist per person
- $ 300,000 in uninsured bodily injury per accident to a motorist
- $ 500 collision deductible
- Global deductible of $ 500
To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our example drivers own a 2019 Toyota Camry, commute five days a week, and travel 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes may be different.
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