Finest low-cost car insurance in Beaverton for 2021 – Bankrate.com
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 may be torn between finding the best and cheapest car insurance in Beaverton, you don't have to choose between solid insurance coverage and low prices. There are numerous auto insurance companies offering subpar rates and robust insurance options in Beaverton, including Geico, State Farm, and Travelers.
There were over 50,000 auto accidents in Oregon in 2019, further solidifying the need for adequate auto insurance coverage. Bankrate's research can help you find car insurance in Beaverton that will suit both your needs and your budget.
The best car insurance in Beaverton
In their quest to find the best auto insurance in Beaverton, Bankrate's insurance editorial team analyzed Quadrant Information Services' average annual rates, as well as coverage, discounts, policy features and third-party rankings for the city's largest insurance carriers.
When buying the best auto insurance, Beaverton drivers may want to seek quotes from these providers:
|insurance company||J.D. Power score
|Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|traveler||Not rated||$ 538||$ 1,142|
|Geico||821/1000||$ 700||$ 1,367|
|Progressive||817 / 1,000||$ 710 $||$ 1,397|
|District farm||844 / 1,000||$ 737||$ 1,333|
Travelers offers the standard insurance options you would expect from a major national airline, but also offers specialty insurance such as ridesharing and new car replacement. Travelers stands out in the number of unique discounts. Policyholders can potentially save by bundling policies, driving an electric vehicle and maintaining coverage with no renewal gaps.
Learn more: Travel insurance review
Geico began offering insurance products over 75 years ago and is the second largest auto insurance provider in the country by market share. Geico cuts among the J.D. Power survey performs slightly worse, but retains an A ++ (superior) financial strength rating at AM Best. Geico doesn't offer the widest range of coverage options, but you can be satisfied with the long list of discounts available.
Learn more: Geico Insurance Review
Progressive was founded in 1937 and is now the third largest auto insurance provider in the United States by market share. How Geico cuts Progressive in the J.D. Power survey does not do as well as some other companies, but receives a financial strength rating of A + (Superior) at AM Best. The company's discounts are extensive, with savings options ranging from multiple cars and multiple policies to paperless statements and full premium payments.
Learn more: Progressive insurance valuation
State Farms receives from J.D. Power in the Northwest region with 844 out of 1,000 points, the highest ranking for customer satisfaction. While State Farm doesn't offer as many unique coverage options as other wireless carriers, it does offer innovative communications capabilities. The highly rated smartphone app gives you access to policy management features, including contacting your local agent if necessary.
Learn more: Review of state farm insurance
Cheapest car insurance in Beaverton
Average insurance costs in Beaverton are $ 775 per year for minimum coverage and $ 1,495 per year for fully comprehensive insurance. The average full insurance premium in Oregon is $ 1,346 per year, and the national average annual premium for full insurance is $ 1,674. On average, Beaverton drivers pay less than the national average but slightly more than the Oregon average each year for full coverage.
While finding the cheapest available plans can help you find coverage that fits your budget, there are more factors than just price. For example, Geico doesn't offer the number of coverage options that other wireless carriers like Progressive and Nationwide offer. However, Geico offers a variety of discounts to save that go beyond lower premiums.
|insurance company||Average annual premium for minimum coverage||Average annual premium for fully comprehensive insurance|
|traveler||$ 538||$ 1,142|
|USAA||$ 589||$ 1,115|
|Nationwide||$ 683||$ 1,170|
|Geico||$ 700||$ 1,367|
|Progressive||$ 710 $||$ 1,397|
Beaverton Insurance Requirements
Oregon requires drivers to have at least a minimum amount of auto insurance in order to legally drive. In Oregon, the minimum coverage required are:
Minimum coverage can be one of the cheapest options for auto insurance, but it may not be the best choice for your long-term financial health. You are responsible for paying for any damage or injury that you cause in the event of a culpable accident. If these bills exceed your insured amount, you will have to pay out of pocket. Higher liability limits provide more financial protection so you can avoid the stress of those bills.
In addition, comprehensive and collision are not included in the minimum state requirements. These options complement insurance coverage for damage to your own vehicle. If you have a loan or lease on your vehicle, your lender is likely to require that you get fully comprehensive insurance that includes fully comprehensive insurance and collision damage.
Car insurance discounts in Beaverton
To find the cheapest auto insurance rates, one of the best strategies is to take advantage of as many discounts as possible. Most of the insurance companies in Beaverton offer a number of discounts that can help lower your premium. Common discounts include:
- Multi vehicle: If you insure more than one vehicle with the same company, you will often receive a multi-vehicle discount.
- Multi-politics: If you already have home or tenant insurance with a freight forwarder, ask about the discount available when you add auto insurance.
- Good student: For full-time students under 25, keeping a B average or higher can help ensure you get a good student discount at some companies.
- Homeowner Discount: This discount is sometimes available to policyholders who own a home, regardless of which company has the home insurance.
Knowing the variety of discounts available is a smart way to save on premiums with very little effort. In addition, there are numerous ways to save, including paperless billing with bank statements, full payment of each renewal period, and enrollment in telematics programs.
frequently asked Questions
What is the best car insurance?
To find the best car insurance in Beaverton, you can compare quotes from several providers. This allows you to review financial strength ratings, customer service ratings, coverage options, and available discounts. Knowing this information may help you determine which option is best for your lifestyle and budget.
How Much Car Insurance Do I Need In Beaverton?
You only need to get Oregon minimum insurance to legally drive, but you may need more coverage depending on your circumstances. Drivers with financed or leased vehicles will likely need to add fully comprehensive and collision insurance. Most insurance experts also recommend that you purchase higher liability insurance than the state minimum. In addition, there are often several optional covers, such as roadside assistance and car rental, that you should consider.
Which factors determine my car insurance premium?
Insurance companies have their own methods of evaluating policies. Most companies use your age and gender, the type of vehicle you drive, the coverage and tier levels you choose, your driving history, and your zip code to determine your premium. The insurance premiums are based on the risk. Insurance companies usually charge high-risk drivers a higher premium to compensate for the higher probability of damage.
Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and airlines in all 50 states and Washington, DC Coverage Limits:
- $ 100,000 personal injury liability per person
- $ 300,000 liability per accident
- $ 50,000 property damage liability per accident
- $ 100,000 personal injury from an uninsured motorist per person
- $ 300,000 personal injury to an uninsured driver per accident
- $ 500 deductible in case of collision
- $ 500 deductible
In order to set the minimum coverage limits, Bankrate has used minimum coverage that meets the requirements of the individual states. Our example drivers own a 2019 Toyota Camry, commute five days a week, and drive 12,000 miles a year.
These are sample rates and should only be used for comparison purposes. Your quotes can be different.