Motorcycle Insurance in Oregon: The Cheapest Quotes and Best Companies

The cheapest motorcycle insurance in Oregon may only include the state-mandated liability-only coverage and might not be the best choice for a rider. Liability coverage does not cover your motorcycle or any damage incurred in the accident if you are at fault. Since it only covers injury and damage to property or other persons involved in the accident, a liability-only policy is less expensive. However, comprehensive and collision coverage is preferable because it offers more protection and coverage to the rider.

MoneyGeek used the profile of a low-risk rider with a good driving record and a 50/100/25 liability-only policy to compare rates for this report.

For riders with a strong riding record looking for liability-only coverage, the following insurance providers offer the lowest average rates:

• Nationwide: $111 per year
• GEICO: $126 per year

Offering the most expensive liability-only motorcycle insurance policy is Markel. It charges $204 on average for a comparable policy, which is 45.5% higher than the quote from Nationwide.

A full-coverage policy, which includes comprehensive and collision coverage, provides the rider with greater protection. The policy covers the costs of collision injuries, regardless of what the motorcycle collides with. This policy also protects against vandalism, theft, natural disasters and fire.

If you're still paying off your motorcycle loan, a full-coverage policy is better than a liability-only policy that offers minimal coverage. After reviewing the profile of a good rider with 50/100/25 coverage and a $500 deductible for a full-coverage policy, MoneyGeek ranked the following two companies in Oregon as the cheapest on average:

• Dairyland: $233 per year
• Progressive: $334 per year

Markel, the most expensive for a full-coverage policy, quoted an average annual cost of $544, which is 57.1% more than Dairyland's quote.

Motorcycle insurance rates in Oregon are affected by a number of factors, including coverage levels, motorcycle type, riding record, age and years of riding experience. MoneyGeek calculated the average cost of motorcycle insurance in Oregon for both full coverage and liability-only plans after comparing the rates from different companies.

A full-coverage policy in Oregon will cost you an average of $368 per year, or around $31 per month. This means the expense is $5 or 1% more than the national annual average.

A liability-only motorcycle insurance policy will cost you an average of $142 per year or $12 per month in Oregon. This rate is the same as the national average. However, keep in mind that a liability-only policy does not protect the motorcycle or any physical injury sustained in the accident.

Prices in Oregon were calculated using a motorcycle insurance policy with bodily injury liability coverage of $50,000/$100,000 and property damage coverage of $25,000. A full-coverage policy with PIP, uninsured and underinsured motorist minimum coverage and a $500 deductible were also considered.

MoneyGeek used a unique ranking system to rate various insurance companies in Oregon and find the best motorcycle insurers that have a good mix of affordability and quality. The analysis rated the companies based on Oregon-specific quotes, product offerings and choices, customer service, affordability and financial stability. Dairyland was rated as the best motorcycle insurance company in Oregon.

Getting a motorcycle insurance quote online in Oregon is fairly easy. You just need to provide the following details or more:

• ZIP code and address in Oregon where the bike will be located
• Your date of birth
• Vehicle make, model and manufacturing year
• Your riding record
• Your riding experience level
• Insurance coverage elections (for more information on this, see below)

Before buying a motorcycle insurance policy, it is important to understand the state's minimum coverage criteria. Oregon’s motorcycle insurance laws and requirements mandate all motorcycle riders buy a policy that includes no less than the following coverages:

• $25,000 per-person bodily injury liability
• $50,000 per-accident bodily injury liability
• $20,000 property damage liability
• Uninsured motorist coverage
• Underinsured motorist coverage
• Personal injury protection (PIP)

In Oregon, all motorcycles must have a minimum liability-only coverage of 25/50/20. This means that the motorcycle insurance policy will have up to $50,000 in coverage for all parties involved in an accident, with a $25,000 limit for one person and a $20,000 limit for property damage. Your insurance provider will be ready to pay for these coverages if you’re at fault for the accident.

Yes, besides bodily injury and property damage coverages, Oregon's state law requires uninsured motorist, underinsured motorist and PIP coverage for all motor vehicles.

According to the Oregon Department of Transportation, $15,000 in PIP coverage is required, as is $50,000 per accident for uninsured motorist coverage with limits of $25,000 per person.

Several factors need to be considered while looking for motorcycle insurance in Oregon. We've answered some of your commonly asked questions, such as which company offers the cheapest insurance and how much does motorcycle insurance cost in Oregon.

To conduct this study, MoneyGeek obtained motorcycle insurance quotes directly from insurers based on various levels of coverage and driver profiles. This analysis will help you find the cheapest and the best motorcycle insurance company. The best motorcycle insurance companies in Oregon were chosen based on three criteria, including the cost of the policy in Oregon (60% weighting), products and service offerings (30% weighting) and financial stability metrics from AM Best (10% weighting). MoneyGeek used the most recent laws and insurance policy requirements from state DMVs to provide you with the most reliable and up-to-date details.