One of the many components that are used to help calculate auto insurance rates is where you normally keep your vehicle in Portland. Regions with larger populations or more claims will most likely have higher rates, whereas areas with less crime or weather claims get the luxury of paying less.
The table below sorts the most costly cities in Oregon for drivers requiring a SR22 in which to purchase auto insurance. Portland ranks #2 with a yearly premium of $1,529 on average, which is about $127 each month.
|Start a Quote Go|
Table data uses estimated as the specific Portland residence address can lower or raise rates considerably.
Trying to find cost effective car insurance is not most people’s favorite thing to do, and figuring out which companies quote the cheapest insurance rates for drivers requiring a SR22 will require even more perseverance. Each auto insurer uses their own method for filing rates in each state, so we need to take a look at the insurance companies that tend to have lower prices in Portland, OR.
It’s a good idea to be aware that Oregon insurance rates are determined by lots of factors that will increase or decrease the cost of a policy. That is why consumers need to compare as many rates as possible to find the most economical insurance quotes for drivers requiring a SR22. Rates can be altered by many factors and change frequently, so the most economical option the last time you compared rates may now be one of the more expensive options.
Compare Cheap Insurance Quotes for SR22 Drivers
Grange normally has some of the lowest car insurance rates in Portland at around $708 per year. This is $770 less than the average price paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA also rank well as some of the most economical Portland, OR car insurance companies.
In the above example, if you buy coverage from Travelers and switched to Grange, you might see a yearly price reduction of approximately $206. Insureds with USAA may save as much as $233 a year, and State Farm customers might reduce prices by as much as $321 a year.
Remember that these premium estimates are averages for all types of drivers and the different vehicles they drive and and are not figured with a specific location for drivers requiring a SR22. So the car insurance company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
The car, truck, or SUV you are insuring is one of the primary factors that determines if you can find cheaper insurance for drivers requiring a SR22. Vehicles with high performance engines, poor crash test ratings, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models.
The table below ranks car insurance prices for the cheaper vehicles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra SE Touring Station Wagon||$5,107|
|Ford Escape XLT 2WD||$5,144|
|Honda Accord LX 4-Dr Sedan||$5,151|
|Honda CR-V EX-L 2WD||$5,207|
|Dodge Grand Caravan CV||$5,425|
|Honda Odyssey LX||$5,621|
|Ford Edge Limited 2WD||$5,627|
|Toyota Camry LE||$5,679|
|Volkswagen Jetta SE 2.5 Station Wagon||$5,689|
|Ford Explorer XLT 4WD||$5,679|
|Ford F-150 XLT Super Cab 2WD||$5,813|
|Chevrolet Impala LS||$5,891|
|Toyota RAV4 Sport 4WD||$5,949|
|Toyota Tacoma Double Cab 4WD||$5,959|
|Compare Rates Now Go|
Prices based on single female driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in zip code location which can revise coverage rates substantially.
Looking at the numbers, you can conclude that models like the Hyundai Elantra, Ford Escape, and Honda Accord are most likely going to be the less-costly vehicles to insure for high risk drivers. The price for an auto insurance policy will be higher anyway because of the fact that there is more risk for drivers requiring a SR22, but generally speaking those specific models will have the best insurance prices compared to all other vehicles.
Picking a highly-rated insurance company is difficult considering how many companies provide coverage in Oregon. The ranking data in the next section could help you decide which car insurance providers you want to consider purchasing coverage from. These rankings are only comprised of companies with a nationwide focus, so smaller companies will not be included in these rankings.
Top 10 Large Auto Insurance Companies in Portland Ranked by Value
- American Family
- The Hartford
- The General
- State Farm
- AAA Insurance
Top 10 Large Auto Insurance Companies in Portland Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- The Hartford
- The General
- 21st Century
Driving violations and accidents
In a perfect world, the best way to obtain cheap insurance prices for high risk drivers is to be a careful driver and avoid accidents and keep your driving record clean. The illustration below highlights how speeding tickets and at-fault accidents can drive up insurance rates for each age group. The premiums are based on a married male driver, full coverage, $100 deductibles, and no discounts are applied.
The data above shows the average cost of auto insurance in Portland per year with no accidents or violations is $2,133. Factor in one speeding ticket and the average cost swells to $2,447, an increase of $314 each year. Then include one accident along with the one speeding ticket and the yearly cost of insurance for drivers requiring a SR22 increases to an average of $3,343. That’s an increase of $1,210, or $101 per month, just for being a little careless behind the wheel!
The information below illustrates how your deductible choice can affect insurance costs when searching for cheap insurance for drivers requiring a SR22. The premiums assume a single male driver, full coverage, and no discounts are factored in.
A 40-year-old driver could cut expenses by $262 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $398 by using a $1,000 deductible. Youthful drivers, like the Age 20 category, could potentially save up to $860 every year just by choosing larger deductibles. When increasing deductibles, it is essential to have enough in a savings account to offset the extra out-of-pocket expense that comes with higher deductibles.
Don’t stick with an overpriced policy
Oregon insurance rates are calculated based on many things that may substantially change your annual premium. Improving your credit score, becoming a homeowner, or getting a reckless driving citation may prompt premium changes resulting in some rates now being cheaper in comparison to the competition.
And not only may your rating factors change, but companies modify pricing as often as every three months in order to offset underwriting gains or losses. Higher than usual claims may cause more expensive prices, while profitable underwriting may produce cheaper Portland car insurance rates.
To illustrate this example, the chart below analyzes the cheapest car insurance in Portland, OR for a 30-year-old female driver with a good driving record, no prior claims, and a decent credit rating. When comparing rates based on her personal risk profile, Grange might offer the lowest car insurance rates in Portland at $928 each year. This is $550 less than the average price paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA are the remainder of the cheapest Portland, OR auto insurance companies.
Now we will pretend the driver from above an accident claim, less-than-perfect credit, and a couple of points charged on her driving record. Because each insurer has a unique formula to establish rates, analyzing rate quotes may result in a slightly different list of affordable Portland car insurance companies as shown below.
Country now has the best car insurance rate in Portland, OR with GEICO, Amica, Allied, and Mutual Enumclaw now rounding out the top five. This example proves why consumers need to shop around with many companies when trying to get the most affordable insurance quotes for drivers requiring a SR22.
Insurance rates can be altered by many different factors and change substantially, so the cheapest option the last time you shopped around may now be priced much higher than other options.
The auto insurance agents in Portland shown below are willing to answer your questions and help you decide which auto insurance policy fits you best, since some drivers wish to have professional advice when comparing insurance rates for drivers requiring a SR22. It can be difficult to find the best rates on your own, so insurance agents licensed in the state of Oregon can give peace of mind knowing your policy gives you suitable coverage if you ever need to use it. To find an auto insurance agency using an interactive map, click the button following the list.
- Todd Houser – State Farm Insurance Agent
7515 SW Barnes Rd #101 – Portland, OR 97225 – (503) 297-3788
- WelPland Insurance, SE Portland and Clackamas County
5845 SE 82nd Ave – Portland, OR 97266 – (503) 777-5406
- Chris Shobe – State Farm Insurance Agent
2900 SE Stark St b – Portland, OR 97214 – (971) 242-8981