What Used Cars Are the Cheapest to Insure in Oregon?
In Oregon, the Volvo XC40, Acura RDX, and Subaru Outback are the cheapest used cars to insure. The Volvo XC40 costs $84 monthly for full coverage, while the liability-only coverage costs $41.
Want to know the cheapest pre-owned vehicle to insure in Oregon? We researched insurance quotes in the state to save you the effort!
This article covers insurance basics for the state of Oregon and tips to save money on premiums. We also found the best insurance companies and answered frequently asked questions!
Oregon Cheapest Used Cars to Insure
We entered a basic driver profile into an insurance quote generator to find Oregon’s cheapest used cars to insure. After reviewing 45 vehicles produced in 2021 and 2022, we determined these three to be the most affordable pre-owned vehicles to insure in the state of Oregon.
1. 2021 Volvo XC40
The 2021 Volvo XC40 is the cheapest used vehicle to insure in Oregon. A full-coverage insurance policy for this small four-door SUV costs $84 a month, cheaper than the state average cost of $123.75 per month. A liability-only policy costs $41 per month.
The Volvo XC40 has a five-star safety rating according to the National Highway Traffic Safety Administration, and gets a combined 26 mpg.
2. 2021 Acura RDX
The second cheapest used car to insure in Oregon is the 2021 Acura RDX. The RDX is a midsize luxury SUV that costs $88 a month for a full-coverage policy. This is $35.75 cheaper than the average full coverage policy. A liability-only policy costs only $43 a month.
The 2021 Acura RDX is a safe luxury vehicle, with a five-star safety rating. It also has a fuel economy of 22 mpg in the city and 28 mpg on the highway.
3. 2021 Subaru Outback
The 2021 Subaru Outback is the third cheapest car to insure in Oregon. This midsize car’s monthly cost for a full-coverage policy is $88 per month, cheaper than the state average of $123.75 per month. A liability-only policy is $38 per month.
The Subaru Outback has a five-star safety rating and also gets 26 mpg for city driving and an impressive 33 mpg on the highway.
The 45 Cheapest Used Vehicles to Insure in Oregon
We compiled a list of 45 vehicles and found estimates for full-coverage and liability-only policies in Oregon. We picked from the list of Insurance Institute for Highway Safety’s 2021 Top Safety Pick+ (IIHS) vehicles and ordered them in the table below from lowest full-coverage cost to highest.
|Year||Make||Model||Full Coverage||Liability Only|
Full Coverage vs. Liability Insurance Cost
A liability-only insurance policy is cheaper than full coverage because it provides less financial protection. Liability insurance only covers damage you may cause, while a full-coverage policy also insures your vehicle from damage caused by outside factors, such as other drivers.
In the table below is the monthly averages of insurance in Oregon:
|Full-coverage policy||Liability-only policy|
The Best Oregon Car Insurance Companies
The three best automobile insurance companies in Oregon are COUNTRY Financial, American Family Insurance, and Nationwide.
We found 10 companies with a market share of over 2% in the state of Oregon. We then looked at their complaint index according to national data from the National Association of Insurance Commissioners.
Companies with lower Market-Share-to-Complaint Ratios indicate fewer complaints and happier claimants. You can see all of the rankings below.
|Insurance Company||Market Share||Percent of Total Complaints||Complaint Index|
|American Family Insurance||3.68%||N/A||0.59|
|Berkshire Hathaway Inc.||9.79%||N/A||2.57|
*The complaint index national data taken from the NAIC
Tips to Lower Insurance Premiums in Oregon
Drivers in Oregon can follow these tips to maximize discounts and minimize insurance premiums:
- Check often for new discounts.
- Bundle policies.
- Improve your credit score.
- Drive less.
- Increase your deductible.
We used an Oregon address and basic driver profile to identify which pre-owned vehicles are the least expensive to insure in the state. We entered the address and a profile into an insurance quote generator to acquire insurance quotes.
Based on these quotes, we identified which used vehicles were the cheapest to insure in Oregon.
Basic Driver Profile
- 35-year-old male with a bachelor’s degree
- Single and employed full time
- Homeowner but did not bundle policies
- Owns the vehicle rather than leases or finances it
- Has been with the current insurance carrier for five or more years
We used vehicles on the IIHS 2021 Top Safety Pick+ 2021 list. The IIHS is an independent, nonprofit organization that collects safety data for cars on the market.
We used the following limits for liability-only quotes:
- $100,000/$300,000 liability limits
- $100,000 property damage limits
- $10,000 personal injury protection
For the full-coverage quotes, we included the following coverages with the liability selections:
- $1,000 deductible on collision coverage
- $1,000 deductible for comprehensive coverage
- $50/$1,500 rental reimbursement
- $100 roadside assistance
Frequently Asked Questions
What is the cheapest SUV to insure in Oregon?
The Volvo XC40 is the cheapest used SUV to insure in the state of Oregon. Full coverage for the 2021 model only costs $84 a month.
Are older cars cheaper to insure?
Older cars are cheaper to insure because age-related depreciation and high mileage reduce their value. Lower financial risk for the insurance company means lower premiums for the policyholder.
How much liability insurance is required in Oregon?
Oregon mandates that drivers have an insurance policy with a bodily injury limit of $25,000 per person per accident, a total limit minimum of $50,000 per accident, and a minimum property damage coverage of $20,000.
What is the penalty for driving without insurance in Oregon?
Driving without insurance can result in a fine of up to $1,000. Subsequent offenders may face a license suspension of up to a year. Drivers can attain reinstatement by paying the fine and purchasing insurance. The DMV could also require an SR-22 certificate.
What is the basic insurance for a car?
The basic insurance for a vehicle is a liability-only policy, which provides coverage for damage caused by the insured driver. Lenders may require you to have comprehensive coverage, which pays for damage to your car due to unpredictable incidents, such as hitting a deer or encountering a storm.
What car has the highest insurance rates?
Higher insurance rates apply to luxury, rare, or high-performance vehicles, such as sports cars. These vehicles have higher rates because they are more expensive to replace, which means they present a greater financial risk to insurance companies.
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- (2019.) Largest Auto Insurance Companies in Oregon. Everquote. Retrieved May 8, 2023 from https://www.everquote.com/blog/car-insurance/largest-companies-oregon/
- (2022.) Minimum Insurance Requirements. Oregon.gov. Retrieved May 8, 2023 from https://www.oregon.gov/odot/dmv/pages/driverid/insurance.aspx#:~:text=Minimum%20Insurance%20Requirements&text=The%20minimum%20insurance
- (2022.) 2021 Top Safety Picks. IIHS. Retrieved May 8, 2023 from https://www.iihs.org/ratings/top-safety-picks/2021
- (2022.) 2021 Volvo XC40 T5. National Highway Transportation Safety Administration. Retrieved May 8, 2023 from https://www.nhtsa.gov/vehicle/2021/VOLVO/XC40%252520T5/SUV/AWD
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At FIXD, our mission is to make car ownership as simple, easy, and affordable as possible. Our research team utilizes the latest automotive data and insights to create tools and resources that help drivers get peace of mind and save money over the life of their car.