What Auto Insurance is Cheapest for a Kia Optima in Portland?

Buying cheap insurance for a Kia Optima in Oregon is pretty easy for most people to do, but it depends on lots of different rating factors such as your marital status, whether or not you garage your vehicle, and your choice of deductibles. Drivers in Oregon pay around $710 per year for Optima insurance, but that amount is based on a 30-year-old married female driver with both comprehensive and collision coverage and $1,000 deductibles.

This brings up the issue that more than likely you’re not a 30-year-old female, maybe you are single instead of married, or maybe you have a teenager that needs to be on your policy. Have just a small change in policy rating criteria or coverages could end up in a significant change in the cost of insurance.

There is no one cookie-cutter policy that works for everyone, so the best way to find cheap auto insurance rates for your Kia is to do the rate comparisons yourself. Do a quick rate comparison now and you will receive rate quotes from the cheapest companies in Oregon.

Find Cheaper Kia Optima Insurance

The trim level of your Kia will influence the annual cost of coverage, so the price you will pay to insure a Optima LX model will be $64 less expensive the price to insure the more expensive Optima SX version, as shown in the prices below.

Kia Optima Insurance Rates in Portland, OR
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Optima LX $148 $256 $368 $22 $110 $904 $75
Optima EX $166 $302 $368 $22 $110 $968 $81
Optima SX $166 $302 $368 $22 $110 $968 $81
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Data assumes married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in Portland location which can increase or decrease auto insurance rates considerably.

Buying coverage from the best company can be rather challenging considering how many choices you have in Oregon. The information shown next may help you choose which auto insurers to look at purchasing coverage from.

The ratings below only include major nationwide insurance companies, so companies that focus mainly on Oregon business are not taken into consideration for the list. To compare prices from these and other top-rated companies, simply click here.

Top 10 Major Auto Insurance Companies in Portland Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. The General
  5. State Farm
  6. AAA Insurance
  7. Nationwide
  8. Allstate
  9. Esurance
  10. Safeco

Top 10 Major Auto Insurance Companies in Portland Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. GEICO – A++
  4. State Farm – A++
  5. The Hartford – A+
  6. Esurance – A+
  7. Nationwide – A+
  8. Allstate – A+
  9. Progressive – A+
  10. The General – A-

Impact of careless driving on Portland insurance rates

The ideal way to score good insurance premiums in Portland for an Optima is to drive carefully and not have accidents or get tickets. The information below highlights how traffic violations and at-fault accidents raise auto insurance rates for different ages of insureds. The data is based on a single female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

The data above shows the average cost of a car insurance policy in Oregon per year with a clean driving record and no accidents is $2,167. Get written up for one speeding ticket and the average cost swells to $2,456, an increase of $289 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for a Kia Optima goes up to an average of $4,944. That’s an increase of $2,776, or $231 per month, just for being a little careless behind the wheel!

Last year’s bargain might be this year’s rip off

Portland insurance rates are based on many factors that will increase or decrease the price you pay for coverage. Simply getting older, increasing deductibles, or getting a few speeding tickets can trigger price changes that can now make some companies cheaper in comparison to the competition.

Not only may your risk profile change, but insurers change premium rates as needed to adjust for heavy claims or excess profits. A period of increased losses can result in higher priced premiums, while profitable underwriting may cause more affordable Optima insurance rates.

As an example, the graph below shows the companies that have the cheapest car insurance in Portland, OR for a 30-year-old male driver with no prior accidents, a clean driving record, and a high credit rating. When comparing rates based on his personal risk profile, Grange might quote the most affordable car insurance rates in Portland at $898 annually. This is $580 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 we will pretend the driver from above a claim surcharge, a little lower credit rating, and a traffic ticket or two. Since each company has their own process for setting prices, comparing rates may now present a different list of cheap Portland auto insurance companies as shown below.

GEICO now has the best insurance rate in Portland, OR with Amica, Allied, California Casualty, and Oregon Mutual now rounding out the top five. This example shows why it is so important to compare many different companies to find the cheapest car insurance rates for a Kia Optima. Car insurance prices are determined by many risk factors and can change substantially, so the most affordable company a year ago may now be quite expensive.

Tips to find cheaper insurance for a Kia Optima

The list below details many money-saving solutions that can help Portland drivers quote cheaper coverage.

That last idea is highly significant, as was emphasized in the prior article. Prices charged by companies can change in a short period of time, so drivers shouldn’t be reluctant to change insurance companies if a more affordable rate is found. Loyalty to a specific company is fine, but we do not recommend it if that devotion results in you overpaying a fortune every year. It only takes a couple minutes to shop around to find cheaper auto insurance for a Kia Optima in Portland.