The average cost of full coverage car insurance in Salem is $1,594, which is slightly higher than the state average in Oregon of $1,461. You can always find ways to save money on car insurance, but one of the best ways to do is to shop around and make sure you’re getting coverage that fits all your needs.
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With Policygenius, you can compare quotes from many insurers, and our experts can help you find a policy that works best for you.
State Farm has the lowest average rate for full coverage in Salem at $970 per year.
GEICO has the lowest rates for drivers with bad credit, at $1,671 per year.
Oregon drivers are required to have uninsured/underinsured motorist coverage equal to the liability coverage minimums.
Comparing rates is the only way to know if you are getting the best policy for you. One company may be better for one driver than another, and your rates will change from company to company depending on the factors they consider, including your age, ZIP code, driving report, and credit score.
Insurance companies in Salem will look at data that shows frequency of car theft and accidents, available secured parking, and other relevant data, to determine the risk of driving a car in your area. The safer the area, the lower your premiums will be.
The best way to get the best rate is to compare rates between insurance companies. All insurance companies use the same factors, but each insurance company has their own formula to interpret that data into your insurance premiums.
The insurance experts at Policygenius can help you find a policy that meets your needs, and you can compare rates across the top car insurance companies to make sure the policy is affordable, too.
When calculating your premiums, insurance companies will be able to see the accidents and moving violations on your motor vehicle record. This report has one of the biggest impacts on your insurance rates when compared to other data, but companies may weigh different violations in various ways, so it’s important to know which companies offer the best rates for your own situation.
Your credit score will be factored into your rate calculation. A low credit score is considered a higher risk to insure, so the lower your score, the higher your premiums will be. A rising credit score and on-time payments demonstrate to the insurance companies that you are a lower risk to insure.
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The minimum liability requirements in Salem follow state law. You must have the following amounts of coverage:
Bodily injury liability coverage per person: $25,000
Bodily injury liability coverage per accident: $50,000
Property damage liability coverage: $20,000
Personal injury protection: $15,000 per person
Uninsured/underinsured motorist coverage: Equal to the state’s liability minimums ($25,000 per person and $50,000 per accident)
Oregon is an at-fault state, meaning that the driver at fault for the accident will be responsible financially for paying out damages to all affected parties. You may even want to buy more coverage beyond the minimum, as the minimum may not be enough to cover some accidents.
Multiple discounts are available when searching for car insurance in Salem, including:
Bundling discount: drivers who have car, home, and other insurance coverage with the same company are often able to get bundling discounts..
Safe driver discount: drivers with a clean record may be eligible for discounts.
Good-student discount: young drivers who maintain a high GPA can get discounts on their insurance.
Employer and professional discount: many companies and industries offer discounts for certain insurance companies.
Low-mileage discount: drivers with low mileage can often get discounts for driving less.
Military discount: both active duty and veterans are often eligible for discounts.
By comparing rates, you can still find the most affordable insurance for you, even if you don’t qualify for any discounts.
State Farm has the lowest rates for coverage for drivers in Salem.
A DUI will usually cause your rates to increase the most, although an at-fault accident can also make a significant impact. After a DUI, assuming you are able to keep your license, you can expect high rates for several years.
At age 25, drivers with a clean record may receive lower rates, as they’ve entered a less-risky age group and more experience behind the wheel.
Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:
Bodily injury liability: 50/100
Property damage liability: $50,000
Uninsured/underinsured motorist: 50/100
Comprehensive: $500 deductible
Collision: $500 deductible
In some cases, additional coverages were added where required by state or insurer.
Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.
Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.