What Auto Insurance is Cheapest for a 20 Year Old Male in Portland?

Deciphering which company quotes the lowest-priced car insurance rates for 20 year old guys will require a little more sweat in order to find the most economical policy.

Each insurance company has a unique formula to determine premium rates, so let’s take a look at the lowest cost car insurance companies in Oregon. It’s important to understand that Oregon car insurance rates are calculated based on many things which can substantially change the price you pay for coverage. Simply improving your credit, moving to a new city, or getting a couple of tickets can cause premium changes that can cause some rates to be more affordable than the competition.

Best Cheap Insurance Rates for Men Age 20

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Rankings for the cheapest car insurance companies in Oregon
Rank Company Cost Per Year
1 Grange $687
2 Country $822
3 Oregon Mutual $828
4 Travelers $914
5 USAA $970
6 State Farm $1,071
7 Amica $1,137
8 Allied $1,179
9 GEICO $1,190
10 California Casualty $1,194
11 Progressive $1,222
12 Mutual Enumclaw $1,224
13 MetLife $1,288
14 21st Century $1,310
15 American Family $1,459
16 Encompass $1,606
17 Allstate $1,654
18 Farmers $1,954
19 Safeco $2,172
20 Liberty Mutual $2,533
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Grange may offer some of the lowest car insurance rates in Portland at around $687 per year. This is $791 less than the average price paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA also make the cut as some of the cheapest Portland, OR insurance companies.

In the above example, if you currently have a policy with Oregon Mutual and switched to Grange, you might see a yearly savings of upwards of $141. Policyholders with Travelers might save as much as $227 a year, and USAA customers might lower prices by up to $283 a year.

Be aware that those policy prices are averaged across all insureds and vehicles and and are not calculated with an exact vehicle garaging location for 20 year old guys. So the company that has the cheapest rates for you may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

One of the more important things that help determine insurance cost is where you live. More populated areas tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.

The table below lists the highest-priced areas in Oregon for 20 year old guys to buy auto insurance in. Portland is listed at #2 with an annual rate of $1,499 for coverage, which is around $125 per month.

How much is car insurance in Portland?
Rank City Average Per Year
1 Gresham $1,574
2 Portland $1,499
3 Lake Oswego $1,420
4 Beaverton $1,412
5 Oregon City $1,388
6 Tigard $1,376
7 Newberg $1,364
8 West Linn $1,362
9 Woodburn $1,359
10 Tualatin $1,352
11 Keizer $1,351
12 Aloha $1,349
13 Forest Grove $1,347
14 Hillsboro $1,339
15 Salem $1,306
16 McMinnville $1,299
17 Bend $1,224
18 Redmond $1,210
19 Grants Pass $1,180
20 Albany $1,177
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Table data uses approximated as the specific area where the vehicle is garaged can revise premium rates considerably.

The car, truck, or SUV requiring coverage is one of the biggest factors when trying to find the best coverage for 20 year old guys. Vehicles with average performance, good safety features, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The information below outlines car insurance prices for the most cost-effective automobiles to buy coverage for.

Cheapest Vehicles to Insure in Portland, OR
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLT 4WD $3,689
Honda CR-V EX-L 2WD $3,698
Ford F-150 XL Super Cab 2WD $3,991
Honda Odyssey LX $3,998
Toyota Prius $4,012
Dodge Grand Caravan CV $4,044
Volkswagen Jetta SE 2.5 Station Wagon $4,282
Jeep Grand Cherokee Laredo 4WD $4,314
Chevrolet Equinox LS AWD $4,319
Chevrolet Impala LT $4,314
Toyota RAV4 Sport 4WD $4,323
Chevrolet Silverado LS Extended Cab 4WD $4,314
Ford Explorer Limited AWD $4,368
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $4,378
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $4,370
Honda Civic LX-S 4-Dr Sedan $4,530
Ford Edge Limited AWD $4,584
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Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in garaging location in Portland, OR which can raise or lower auto insurance rates substantially.

Based on these rates, we can tell that cars like the Ford Escape, Honda CR-V, and Ford F-150 should be a few of the most budget-friendly vehicles to insure for young men. The cost of auto insurance will tend to be more expensive anyway just because there is a higher risk for 20 year old guys, but in general those vehicles will most likely have the lowest insurance rates that you’ll find.

The diagram below highlights how deductible choice can impact premium costs when getting quotes for cheap insurance for 20 year old guys. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

A 30-year-old driver could reduce rates by $290 a year by changing from a $100 deductible to a $500 deductible, or save $438 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, have the ability to save as much as $644 annually by using higher deductibles when buying full coverage. When using a larger deductible, it is necessary to have enough spare savings to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Buying coverage from a highly-rated insurance provider can be a challenge considering how many different companies sell coverage in Portland. The company information shown next could help you select which auto insurers to look at when shopping around.

The ratings below are only comprised of large nationwide companies, so smaller companies that only insure vehicles in Oregon are not factored into this list. If you’d like to compare prices from these and other top-rated companies, click this link.

Best Ten Car Insurance Companies for a 20 Year Old Male in Portland
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
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Data Source: Insure.com Best Car Insurance Companies

Are you paying too much for car insurance in Portland?

Portland car insurance rates are impacted by many factors which can significantly increase or decrease the policy price. Simply having another birthday, increasing liability limits, or getting a reckless driving citation may cause policy rate changes that may make certain companies cheaper than competitors.

Not only may your situation change, but auto insurance companies change rates as needed to reflect underwriting profits or losses. An extended period of higher than normal claims may result in additional price hikes, while long-term profits may produce lower-priced Portland car insurance rates.

The chart below shows the companies that have the cheapest car insurance in Portland, OR for a 45-year-old female driver with a good driving record, no prior claims, and a decent credit rating. If we estimate prices based on her current rating profile, Grange may have the most affordable car insurance rates in Portland at $917 annually. This is $561 less than the average policy premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, USAA, and Travelers are also on the list of the top five cheapest Portland, OR auto insurance companies.

Now let’s give the driver in the first chart a chargeable accident, a lower credit score, and an imperfect driving record. Because each insurer has a different process to determine rates, getting updated rate quotes may now result in a different list of the cheapest companies as shown below.

Amica now has the lowest car insurance rate in Portland, OR with GEICO, Mutual Enumclaw, Oregon Mutual, and Allied completing the list. This demonstrates why it is critical to compare many different companies to get the cheapest auto insurance rates for 20 year old guys. Insurance rates consist of many things and can decrease or increase without notice, so the best option the last time you shopped around may now cost much more than other companies.

How to find low-cost auto insurance for 20 year old guys

Lowering your rates is not difficult, and here are some of the recommended thrifty suggestions that can help Portland drivers quote cheaper coverage.

The last suggestion is notably critical, as was emphasized in the article above. Car insurance prices in Portland can change considerably based on profitability, so don’t be unwilling to buy from a different company if a more affordable price is available.

Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if it’s costing you a small fortune. In less than five minutes you could shop around and find cheaper insurance for 20 year old guys.

If you have questions and prefer to get some guidance when shopping for the best coverage for 20 year old guys, the agents listed below are willing to help you decide which is the best policy.

To find a Portland insurance agent closest to you, click the button link following the list or click here to compare rates now.

Michael Holton – State Farm Insurance Agent
7113 SW Macadam AvePortland, OR 97219(503) 517-9090

Darrell Grenz Insurance Agency
5651 N Lombard StPortland, OR 97203(503) 206-6736

John Freeman – State Farm Insurance Agent
8519 SE Woodstock BlvdPortland, OR 97266(503) 228-1311

View more Portland, OR insurance agents