Oregon Mutual vs. Progressive: Which Company is the Best Fit for You?

Quick Facts

• Based on national averages for auto insurance, Oregon Mutual offers significantly cheaper rates than Progressive
• Oregon Mutual has more affordable premiums for policyholders who haven't received any speeding tickets or been in a collision in the last few years
• Progressive may help you save more money -- they offer more discounts than Oregon Mutual

Oregon Mutual or Progressive: Which Company has the Cheapest Car Insurance?

Are you in the market for a new insurance policy? You've probably seen commercials and billboards from companies offering large savings, but exactly how much money can you save by switching?

You've maybe even narrowed it down to Oregon Mutual or Progressive as potential options, but which one will save you the most?

Looking at the national average rates for both carriers, Progressive is around $45 more a month than Oregon Mutual.

However, that doesn't mean Oregon Mutual will necessarily be less expensive than Progressive for every single driver. Insurance companies vary their rates depending on things like how old you are, where you live, how good your credit score is, how clean your driving record is, and a ton of other factors, so premiums will differ quite a bit from person to person.

Wanting to know if Oregon Mutual or Progressive is really the right carrier for you? Keep on reading to see how average prices can change based on all of the factors we've mentioned above.

Oregon Mutual vs. Progressive: Average Car Insurance Rates by State

Oregon Mutual and Progressive only compete against each other in two states, with Oregon Mutual offering cheaper rates to the average driver in all of them. Oregon has the most noticable difference, where Oregon Mutual premiums are $56 less expensive than car insurance prices at Progressive.

But there's more to auto insurance than just the state you live in. As we mentioned above, there's a lot of things that go into how insurance carriers determine your rates. Continue reading to see how other variables will affect your rates.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- usually pay a lot for car insurance compared to older drivers. The reason is that teen drivers are statistically much more likely to get into accidents since they have less experience on the roads.

But that doesn't mean that teen drivers have to just accept sky-high auto insurance prices. As you can see above, teens who use Oregon Mutual save over 25% per month compared to those who use Progressive.

That being said, both companies will reduce premiums by the time drivers turn 25. Progressive offers the steepest reduction, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. That being said, Oregon Mutual still has the lowest prices at $109 monthly.

Which is the Best Company for Retired Drivers?

Once you approach retirement age, you'll typically enjoy the cheapest insurance rates out there. You've been on the road for years, and all that experience pays off when it comes to your monthly premiums for car insurance.

But who has the best prices for retired drivers between Oregon Mutual and Progressive? Oregon Mutual gets the edge here, with average rates coming in at about $100 a month compared to Progressive's $131.

Which is the Best Company for Married Drivers?

Married policyholders tend to get slightly more affordable auto insurance premiums than single policyholders. That's because policies for married drivers normally cover multiple vehicles, which lots of carriers will give you a discount for.

For single drivers, the difference in average prices between these two companies is significant, with Oregon Mutual rates coming in at a quarter less than Progressive's. The advantage for married couples with Oregon Mutual is also obvious, where drivers save around $30 a month.

Oregon Mutual or Progressive: Average Rates by Gender

Men are statistically more likely than women to get pulled over for speeding or get into an accident. That means when it comes to insurance men will generally end up paying a little more.

On average, women see premiums almost 10% per month less with Oregon Mutual, and about 3% less with Progressive when compared to their male counterparts.

Looking at overall affordability, Oregon Mutual comes out as the most affordable option for both genders, with average prices 23% less for men and 28% cheaper for women.

Oregon Mutual vs. Progressive: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

For most people, auto insurance can be pretty complicated. There are several different coverages that account for lots of different things. Some protect you and your car, while others only provide coverage for other people's property and health if you cause a collision.

The two most common policies that drivers look at fall into two categories -- liability coverage (which provides bodily injury and property damage coverage for other drivers and their passengers if you cause an accident) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to liability).

Looking specifically at state minimum limits for liability insurance, Oregon Mutual has the edge, with average monthly premiums coming in at $97. If you want a full coverage policy with the same state minimum limits, Oregon Mutual again has the edge, with policies averaging around $172 a month to Progressive's $250.

Is Oregon Mutual or Progressive Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

You'll probably end up paying more with speeding tickets and collisions on your record, but which of these two carriers offers the cheapest rates to drivers with less-than-perfect records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders who use Oregon Mutual for their insurance can typically expect their monthly bill to go up about 9% after getting a speeding ticket. Progressive policyholders can expect a bit more drastic of an increase of around 17%.

Even so, Oregon Mutual has less expensive prices for drivers in both categories, offering rates that are $38 and $58 cheaper, respectively, compared to Progressive.

Which Company is Best for Drivers After an Accident?

After an accident, drivers who have their car insurance through Oregon Mutual can expect to see about an $22 -- or around 17% -- rise in their auto insurance premiums. Drivers who use Progressive for their car insurance will see a monthly bill about $65 (or 30%) more expensive after reporting a collision to their auto insurance company.

At the end of the day, Oregon Mutual offers the lowest rates for drivers with an at-fault collision on their records, with average premiums coming in at $133 compared to Progressive's $214.

Which Company is Best for Drivers with a DUI?

If you get a DUI charge on your record, it's probably going to cost you more than a simple ticket or even an accident. On average, Oregon Mutual will climb your prices around 35% after a DUI, while Progressive's average rates climb by more than 15%.

How does Credit Score Impact Oregon Mutual and Progressive Rates?

You may not have known, but your credit score can come into play when companies calculate your monthly bill. This isn't true for everyone (Massachusetts, for example, has banned the use of credit score as a car insurance factor) but it might come into play for many drivers.

The reasoning insurance carriers use is that policyholders with bad credit will be less likely to pay their bills on time; so normally, they'll be asked to pay more, while those with good credit will be rewarded with more affordable premiums.

Looking at Oregon Mutual and Progressive specifically, which company has the cheapest prices for drivers at different credit levels?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Oregon Mutual or Progressive Better for Drivers who Work from Home or Have Short Commutes?

How much you drive can have a large impact on your monthly rates. That's because the more milage you drive, the more likely you are to be in a collision and file an insurance claim.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Progressive charges. However, there's a small difference in monthly prices for Oregon Mutual, with policyholders who drive the least paying about $5 less every month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Oregon Mutual is the less expensive carrier.

Oregon Mutual or Progressive: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a big impact as well. Generally, policyholders who live in heavily-populated urban areas will pay quite a bit more than rural drivers since there are a lot more vehicles on the roads where they live.

Oregon Mutual tends to offer the lowest premiums for drivers in all areas, regardless of if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Oregon Mutual's average prices are around 27% less than Progressive. People who live in suburban areas pay about 23% less with Oregon Mutual compared to Progressive. Those in rural areas can expect to save around 25% with Oregon Mutual compared to Progressive.

Oregon Mutual vs. Progressive Discounts

No matter why you might be in the market for a new auto insurance policy, you're always going to want to save as much money as you can, and the best way to do that is by utilizing as many insurance discounts as possible.

The hard part is finding all of the discounts you can take advantage of, since it can feel sometimes like every company has different discounts and each one is advertised differently.

Luckily, we did the hard work for you and compared all of the different discounts offered by Oregon Mutual and Progressive so that you can easily see which company offers the most discounts and, therefore, the largest savings.

Progressive knocks Oregon Mutual out of the park when it comes to the sheer number of discounts available, offering 19 more discounts than Oregon Mutual.

A couple of those are overlapping for things like anti-theft discounts, distant student discounts, discounts for being a good student, and discounts for insuring multiple cars with the same company. Progressive also offers discounts for ABS, advanced safety feature, agency transfer, and more.

On the other hand, Oregon Mutual has a few proprietary discounts of their own for things like csl discounts, driver training discounts, employee discounts, and more.

Final Thoughts: Is Oregon Mutual or Progressive Best for You?

So, you've seen how different factors can affect your car insurance rates. We've shown you all the discounts each carrier offers, too. That's all well and good, but at the end of the day, which insurance company is the best carrier for you and your specific needs?

Oregon Mutual might be best for you if....

• You've received a ticket for speeding recently and don't want to see your premiums increase.
• You're looking for the best prices on liability only coverage.
• You're of retirement age and want to take advantage of lower rates.

Progressive might be best for you if...

• You value the experience that comes with a large national insurance carrier.
• You want to save extra money with discounts.

Hopefully, this guide helps you get a better idea of the difference between Oregon Mutual and Progressive. We also hope we've given you the information you need to make the best decision about your auto insurance.

At the end of the day, the best way to make sure you're getting the best deal on your insurance policy is to compare quotes from a handful of companies, not just Oregon Mutual and Progressive. Luckily, sites like Compare.com make it easy for you to do just that. Simply enter your ZIP codes below and get multiple quotes from some of the best car insurance carriers in your area, all for free.

Oregon Mutual vs. Progressive FAQs

Is Oregon Mutual or Progressive cheaper?

Oregon Mutual is the cheaper of the two companies when looking at national average premiums, with policies averaging $135 per month with Oregon Mutual and $180 for Progressive. However, that doesn't mean Oregon Mutual will be the most affordable company for each policyholder, since there are multiple different variables (things like age, driving record, gender, etc.) that play a role in how much you pay.

Who is better, Oregon Mutual or Progressive?

Sadly, the answer truly is "it depends.". One carrier is not "better" for every policyholder -- it all boils down to your unique auto insurance profile.

Why do Oregon Mutual and Progressive offer me different rates?

Insurance carriers use a lot of different factors when determining the prices they charge. Things like age, gender, your driving record, where your home is, and sometimes even things like your credit score can all be used. Both Oregon Mutual and Progressive calculate rates using different formulas, so it's likely they'll offer different premiums. The best way to determine which company is the cheapest for you is by comparing personalized quotes from a range of different companies.

How do I know if Oregon Mutual or Progressive is right for me?

The only way to find the car insurance carrier that's right for you is by getting quotes from several carriers and finding the one best suited for your individual budget. Luckily, sites like Compare.com do all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top auto insurance companies for free. With those, you can guarantee you're getting the lowest rate. And maybe you'll find that the best company for you isn't Oregon Mutual or Progressive at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.