Who Has Affordable Portland Auto Insurance Rates for Hybrid Vehicles?

Deciding which companies have the lowest-priced auto insurance rates for hybrid vehicles involves a tad more effort in order to find the best policy.

Each company has a different formula for establishing rates, so we’ll go over the auto insurance companies with the most affordable rates in Portland, OR.

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Cheapest insurance companies in Oregon
Rank Company Cost Per Year
1 Grange $687
2 Country $822
3 Oregon Mutual $853
4 Travelers $924
5 USAA $979
6 State Farm $1,040
7 Amica $1,137
8 GEICO $1,155
9 Allied $1,167
10 California Casualty $1,218
11 Mutual Enumclaw $1,224
12 Progressive $1,272
13 21st Century $1,324
14 MetLife $1,340
15 American Family $1,474
16 Encompass $1,558
17 Allstate $1,671
18 Farmers $1,954
19 Safeco $2,238
20 Liberty Mutual $2,533
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Grange has some of the best car insurance rates in Portland at around $687 annually. This is $791 less than the average rate paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA also are some of the more affordable Portland, OR auto insurance companies.

As illustrated above, if you buy coverage from USAA and switched to Country, you may see annual savings of in the vicinity of $157. Drivers with State Farm might save as much as $218 a year, and Amica insureds might lower prices by $315 a year.

To find out how much you can save, click here to begin a quote or visit any of the companies below.

Be aware that those estimates are averages for all ages of drivers and types of vehicles and do not factor in an exact zip code location for hybrid vehicles. So the insurer that can offer you the lowest price may not even be in the top 22 companies in the list above. That underscores the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.

The vehicle driven is a large factor that determines if you can find affordable insurance for hybrid vehicles. Vehicles with lower performance, advanced safety features, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models.

The next table showcases auto insurance rates for a handful of the most affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Portland, OR
Make and Model Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,277
Honda Accord LX 4-Dr Sedan $1,394
Honda CR-V EX-L 4WD $1,432
Honda Odyssey EX W/Rear Entertainment $1,449
Volkswagen Jetta LE 4-Dr Sedan $1,479
Toyota RAV4 2WD $1,485
Chevrolet Malibu Hybrid $1,479
Ford Edge SE 2WD $1,489
Ford F-150 XLT Crew Cab 4WD $1,509
Dodge Grand Caravan SE $1,525
Toyota Prius $1,563
Chevrolet Impala LT $1,609
Jeep Grand Cherokee Laredo 2WD $1,618
Ford Explorer Limited 4WD $1,645
Honda Civic LX 4-Dr Sedan $1,656
Jeep Wrangler Unlimited Sahara 2WD 4-Dr $1,659
Ford Fusion SEL AWD 4-Dr Sedan $1,691
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Information does not factor in specific garaging location which can impact coverage rates substantially.

Looking at the rates, makes and models like the Ford Escape, Honda Accord, Honda CR-V, and Honda Odyssey will be the less-costly vehicles to insure for hybrids.

One of the many things that are looked at to determine the price you pay for insurance is your address. Larger areas tend to have higher rates, whereas areas that tend to be more rural have the benefit of cheaper car insurance.

The next table ranks the most costly cities in Oregon for hybrid vehicles in which to purchase auto insurance. Portland is listed at #2 with a yearly premium of $1,529 for the average policyholder, which is around $127 monthly.

How much does car insurance cost in Portland, OR?
Rank City Premium Per Year
1 Gresham $1,622
2 Portland $1,529
3 Lake Oswego $1,420
4 Oregon City $1,388
5 Newberg $1,377
6 Aloha $1,363
7 West Linn $1,362
8 Tigard $1,362
9 Salem $1,360
10 Beaverton $1,356
11 Hillsboro $1,352
12 Keizer $1,351
13 Forest Grove $1,347
14 Woodburn $1,346
15 Tualatin $1,338
16 McMinnville $1,286
17 Bend $1,224
18 Redmond $1,210
19 Grants Pass $1,191
20 Albany $1,188
21 Springfield $1,158
22 Roseburg $1,150
23 Corvallis $1,143
24 Medford $1,135
25 Eugene $1,123
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Premium costs are approximated as the vehicle garaging location can increase or decrease insurance rates noticeably.

Difference between liability only and full coverage rates

Finding the cheapest auto insurance is important to the majority of drivers, and one great way to find cheap insurance for hybrid vehicles is to buy liability only. The information below illustrates the comparison of insurance premiums with full coverage and liability only. The rate quotes are based on no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no additional discounts are factored in.

If averaged out across all ages, full coverage costs $2,455 per year more than just buying liability only. That brings up the question when is the right time to remove full coverage. There isn’t a steadfast formula to stop paying for full coverage on your policy, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

There are a few cases where removing full coverage is not a good idea. If you haven’t satisfied your loan, you must maintain physical damage coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.

The diagram below illustrates how your choice of deductibles can raise or lower insurance costs when researching cheap insurance for hybrid vehicles. The costs are based on a married male driver, full physical damage coverage, and no additional discounts are factored in.

In the chart above, a 30-year-old driver could cut expenses by $246 a year by changing from a $100 deductible up to a $500 deductible, or save $372 by using a $1,000 deductible. Younger drivers, like the 20-year-old example, could possibly save $740 annually by selecting a higher deductible.

When increasing deductibles, it is important to have additional funds squirreled away to offset the extra out-of-pocket expense, which deters some people from using high deductibles.

Accidents and violations increase rates

The ideal way to find low auto insurance premiums for hybrids is to drive safe and have a clean driving record. The information below highlights how speeding tickets and at-fault claims influence insurance costs for different insured age categories. Data assumes a married female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

In the previous chart, the average cost of auto insurance per year with no violations or accidents is $1,415. Get written up for two speeding tickets and the average cost hikes up to $2,015, an increase of $600 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of auto insurance for hybrid vehicles jumps again to an average of $4,139. That’s an increase of $2,724, or $227 per month, just for not driving responsibly!

Low rates today, overpriced tomorrow

Portland, OR auto insurance rates are influenced by many factors which can substantially decrease or increase the cost of having a policy. Turning one year older, buying a home, or having a fender bender can trigger rate changes resulting in some rates now being more affordable than before. In addition to those changes, car insurance companies modify rates as needed to adjust for unexpected claims or profits. Unexpectedly high claims may result in a rate increase, while a lower level of claims may result in lower-priced Portland car insurance rates.

The chart below compares the cheapest car insurance in Portland, OR for a 45-year-old male driver with no accidents, a clean driving record, and a high credit rating. If we look at prices based on his current risk profile, Grange might quote the cheapest car insurance rates in Portland at $947 each year. This is $531 less than the average policy premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are also included in the best Portland, OR auto insurance companies.

Now let’s give the driver in the first chart a claim surcharge, a lower credit rating, and a traffic citation. Since each auto insurance company uses their own calculation for filing rates in each state, analyzing rate quotes may result in a different set of the cheapest companies as shown below.

GEICO now has the best price on car insurance in Portland, OR with Allied, Amica, Mutual Enumclaw, and Oregon Mutual now being in the top five. This example demonstrates why it is crucial to compare lots of rates to find the most affordable insurance rates for hybrid vehicles.

Rates can be determined by many different factors and change dramatically, so the most affordable company a year ago may now be quite expensive.

The Portland, OR, insurance agents below can most likely provide answers to your questions and help you determine which is the best policy, as some drivers wish to have the advice of a professional agent when comparing insurance rates for hybrid vehicles. It can be difficult to find the cheapest rates, so getting professional guidance from a licensed agent can provide satisfaction knowing your policy gives you sufficient coverage at claim time.

To find a Portland insurance agency in your neighborhood, click the button link following the list.

Todd Houser – State Farm Insurance Agent
7515 SW Barnes Rd #101Portland, OR 97225(503) 297-3788

Pibal Insurance Brokers of Oregon
1314 NW Irving StPortland, OR 97209(503) 287-8808

Ricky Hayter – State Farm Insurance Agent
7112 NE Sandy BlvdPortland, OR 97213(503) 253-9315

Nationwide Insurance: Eric L Weber Agency
4415 NE Sandy Blvd Ste 200Portland, OR 97213(503) 249-7667

Elliott, Powell, Baden and Baker Inc
1521 SW Salmon StPortland, OR 97205(503) 227-1771

More Portland, OR insurance agents