You have probably seen the commercials from car insurance companies like Nationwide and State Farm claiming dirt cheap rates, so drivers just need to pick the one with the catchiest commercial, right?
It’s just not that simple, as there are a ton of unknown factors like your credit score, if you are a good driver, and if you need full coverage or just liability, that all impact the cost of coverage. This article covers the best ways to shop for cheaper coverage and educate you enough to have a good start to your coverage search.
Determining which companies offer the lowest-priced car insurance rates for real estate agents involves a bit more work in order to find the lowest price. Every car insurance company has a unique approach for setting rates, so let’s rank the most competitive car insurance companies in Portland, OR.
Keep in mind that Oregon car insurance rates are influenced by many factors which can substantially change your annual premium. Improving your credit score, becoming a homeowner, or getting a speeding ticket may cause policy rate changes that can now make some companies cheaper than competitors.
Compare Cheap Insurance Quotes for Realtors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $708 |
| 2 | Oregon Mutual | $844 |
| 3 | Country | $856 |
| 4 | USAA | $950 |
| 5 | Travelers | $952 |
| 6 | State Farm | $1,029 |
| 7 | GEICO | $1,155 |
| 8 | Amica | $1,159 |
| 9 | Allied | $1,167 |
| 10 | California Casualty | $1,194 |
| 11 | Mutual Enumclaw | $1,212 |
| 12 | Progressive | $1,235 |
| 13 | MetLife | $1,340 |
| 14 | 21st Century | $1,364 |
| 15 | American Family | $1,459 |
| 16 | Encompass | $1,606 |
| 17 | Allstate | $1,722 |
| 18 | Farmers | $1,954 |
| 19 | Safeco | $2,172 |
| 20 | Liberty Mutual | $2,533 |
| View More Rates Go | ||
Grange has some of the most affordable car insurance rates in Portland at around $708 per year. Oregon Mutual, Country, USAA, and Travelers also make the cut as some of the lowest-priced Portland, OR car insurance companies.
As the example above demonstrates, if you currently have coverage with USAA and switched to Grange, you could earn annual savings of in the neighborhood of $242. Customers with Travelers may save as much as $244 a year, and State Farm insureds might see rate reductions of $321 a year.
To discover how much you can save, click here to start a quote or quote rates from the companies below.
It’s important to note that these policy rates are averages across all types of insureds and vehicles and and are not figured with a specific zip code for real estate agents. So the insurer that has the lowest price for you may not even be in the top 22 companies in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
For realtors, one of the largest components that determine the price you pay for insurance is where you live in Portland. Areas with more people or higher crime rates are more likely to have higher rates, whereas areas with less crime or weather claims tend to receive slightly lower rates.
The table below shows the most expensive areas in Oregon for real estate agents to buy an auto insurance policy in. Portland is listed at #2 with a yearly premium of $1,484 for coverage, which is approximately $124 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gresham | $1,606 |
| 2 | Portland | $1,484 |
| 3 | Oregon City | $1,430 |
| 4 | Lake Oswego | $1,420 |
| 5 | Woodburn | $1,400 |
| 6 | Beaverton | $1,398 |
| 7 | Hillsboro | $1,393 |
| 8 | Aloha | $1,391 |
| 9 | Forest Grove | $1,388 |
| 10 | Tigard | $1,376 |
| 11 | West Linn | $1,348 |
| 12 | Salem | $1,346 |
| 13 | McMinnville | $1,338 |
| 14 | Newberg | $1,337 |
| 15 | Tualatin | $1,312 |
| 16 | Keizer | $1,311 |
| 17 | Redmond | $1,247 |
| 18 | Bend | $1,236 |
| 19 | Grants Pass | $1,180 |
| 20 | Medford | $1,169 |
| Compare Rates Now Go | ||
Premium amounts are comparative as the specific garaging location can decrease or increase coverage prices significantly.
The vehicle requiring coverage is probably the largest consideration when shopping for low-priced insurance for real estate agents. Vehicles with higher performance characteristics, a lack of safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models.
The data below shows car insurance rates for the cheapest vehicles to buy insurance for.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $1,413 |
| Ford Escape Limited 2WD | $1,446 |
| Toyota Prius | $1,562 |
| Dodge Grand Caravan CV | $1,586 |
| Ford Focus S 4-Dr Sedan | $1,640 |
| Toyota RAV4 Limited 4WD | $1,672 |
| Toyota Camry SE | $1,758 |
| Ford Fusion SEL 4-Dr Sedan | $1,788 |
| Ford F-250 XL 2WD | $1,793 |
| Nissan Rogue SL 2WD | $1,801 |
| Ford Explorer XLT 4WD | $1,812 |
| Toyota Tacoma 2WD | $1,880 |
| Hyundai Sonata SE 4-Dr Sedan | $1,886 |
| Honda Odyssey EX W/Rear Entertainment | $1,880 |
| Ford F-150 XL Super Cab 2WD | $1,899 |
| Chevrolet Silverado Crew Cab Hybrid 4WD | $1,907 |
| Honda Accord EX-L 2-Dr Coupe | $1,909 |
| Start a Quote Go | |
Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Premium amounts do not factor in specific location which can impact prices noticeably.
By looking at the data, you can see that cars like the Honda CR-V, Ford Escape, Toyota Prius, Dodge Grand Caravan, and Ford Focus are the most economical vehicles to insure for realtors.
Types of discounts on Portland auto insurance
Insurers that provide coverage for real estate agents could also offer policy discounts that could reduce prices by as much as 30% if you meet eligibility requirements. The best car insurance companies and some of their more popular discounts are outlined below.
- Esurance offers discounts including online shopper, Pac-12 alumni, emergency road assistance, good driver, and good student.
- The Hartford may include discounts for bundle, driver training, good student, defensive driver, and air bag.
- AAA offers discounts for good student, good driver, education and occupation, multi-car, anti-theft, AAA membership discount, and pay-in-full.
- GEICO has discounts for multi-policy, military active duty, daytime running lights, air bags, and multi-vehicle.
- State Farm may have discounts that include good driver, defensive driving training, Steer Clear safe driver discount, multiple policy, and multiple autos.
The information below compares auto insurance costs with and without policy discounts. The rate quotes are based on a female driver, a clean driving record, no at-fault accidents, Oregon state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with defensive driving course, vehicle safety, safe-driver, multiple policy, accident-free, and claim-free discounts applied. When drivers take advantage of discounts, the average savings per year on car insurance for real estate agents is 28% or $433.
Illustration showing the impact of accidents and violations
A great way to score cheap car insurance prices in Portland for realtors is to be a cautious driver and avoid accidents and violations. The illustration below shows how violations and at-fault collisions can drive up yearly insurance costs for different insured age categories. The premium estimates are based on a married male driver, full coverage, $250 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,437. Get written up for two speeding tickets and the average cost surges to $1,980, an increase of $543 each year. Then include two accidents along with the two speeding tickets and the yearly cost of car insurance for real estate agents goes up to an average of $3,986. That’s an increase of $2,549, or $212 per month, just for not driving responsibly!
Oregon car insurance company ratings
Finding the best auto insurance provider can be difficult considering how many companies provide coverage in Oregon. The ranking data below may help you pick which car insurance companies to look at shopping your coverage with.
The rankings below only include companies with a national presence, so companies that focus mainly on Oregon business will not be included in this list. To check prices from these companies and more, follow this link.
| 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 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The agents listed below can probably answer your questions and help you decide which car insurance company is the best fit, as some drivers wish to get some professional input when comparing insurance rates for real estate agents. It’s not always easy to find the best policy yourself, so insurance agents licensed in the state of Oregon can bring comfort knowing you have adequate protection in the event of a claim. To find a Portland insurance agent by location nearest to you, click the link at the bottom or click here to get price quotes now.
- Kilong Ung – State Farm Insurance Agent
4000 SE 82nd Ave #1400 – Portland, OR 97266 – (503) 777-6762 - John Lokting – State Farm Insurance Agent
307 SE 102nd Ave – Portland, OR 97216 – (503) 252-5581 - Chris Lawson – State Farm Insurance Agent
3118 NE Broadway St – Portland, OR 97232 – (503) 282-4569