Deciding which companies offer the lowest-priced car insurance rates for Uber drivers calls for a bit more work than just getting one or two price quotes. Each insurer uses a little different formula for establishing rates, so let's take a look at the car insurance companies with the overall best prices in Portland, OR.
Cheapest Insurance Rates for Your Uber Vehicle
|Rank||Company||Cost Per Year|
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Grange may have some of the most affordable car insurance rates in Portland at around $694 each year. Oregon Mutual, Country, Travelers, and USAA would also be considered some of the cheapest Portland, OR insurance companies.
In this example, if you are a customer of USAA and switched to Oregon Mutual, you may realize savings of in the vicinity of $142. Customers with State Farm might save as much as $212 a year, and Amica customers might lower prices by up to $309 a year.
Bear in mind that those prices are averaged across all drivers and vehicles in Oregon and and are not figured with an exact location for Uber drivers. So the car insurance company that has the cheapest rates for you may not even be in the list above. That is why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.
The type of vehicle you are trying to insure is one of the biggest factors when shopping for cheaper car insurance for Uber drivers. Vehicles with average performance, modern passenger safety features, or a track record of few liability claims will cost less to insure than higher performance models. The table below illustrates coverage costs for some of the most affordable automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,468|
|Hyundai Elantra GLS Touring Station Wagon||$1,473|
|Dodge Grand Caravan SE||$1,642|
|Honda Accord LX 4-Dr Sedan||$1,653|
|Ford Escape XLT 4WD||$1,697|
|Ford Edge SE AWD||$1,702|
|Chevrolet Impala LS||$1,711|
|Ford Focus S 4-Dr Sedan||$1,702|
|Toyota Camry LE||$1,735|
|GMC Sierra SL Extended Cab 2WD||$1,741|
|Chevrolet Malibu Hybrid||$1,735|
|Honda Odyssey LX||$1,820|
|Toyota Corolla LE||$1,830|
|Chevrolet Silverado LTZ Extended Cab 4WD||$1,863|
|Jeep Grand Cherokee SRT-8 4WD||$1,871|
|Toyota Tacoma 2WD||$1,863|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$1,896|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,907|
|Volkswagen Jetta 2.0T Station Wagon||$1,923|
|Ford F-150 FX4 4WD||$1,937|
|Ford Explorer Limited AWD||$1,942|
|Toyota RAV4 Limited 4WD||$1,956|
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Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Premium amounts do not factor in specific Portland, OR garaging location which can impact insurance rates greatly.
Based upon the rates shown, you can assume that makes and models like the Honda CR-V, Hyundai Elantra, Toyota Prius, Dodge Grand Caravan, and Honda Accord are most likely to be some of the most economical vehicles to insure for Uber vehicles.
One of the many considerations that aid in calculating the amount you pay each year for auto insurance is where you live. Cities with larger populations likely pay more, whereas less populated areas have the enjoyment of a little cheaper coverage.
The next table ranks the highest-priced areas in Oregon for Uber drivers to purchase auto insurance in. Portland is ranked #2 with an annual cost of $1,499 for the average insured, which is around $125 per month.
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Information shown are comparative as specific Portland garaging address can impact rates greatly.
Picking a high-quality auto insurance provider can be difficult considering how many different insurance companies sell coverage in Oregon. The company ratings shown next can help you pick which car insurance companies you want to consider comparing price quotes from.
These rankings include companies that insure vehicles nationwide, so companies that may only write in Oregon are not included in this list. To check rates and find cheaper insurance for Uber drivers, click here.
Top 10 Large Auto Insurers in Portland Ranked by A.M. Best Rating
- USAA - A++
- Travelers - A++
- GEICO - A++
- State Farm - A++
- The Hartford - A+
- Esurance - A+
- Nationwide - A+
- Allstate - A+
- Progressive - A+
- The General - A-
Discounts on Portland insurance rates
Insurance companies that offer coverage for Uber drivers could also offer special discounts that could lower prices by as much as 40% or more if you are eligible. Popular car insurance companies and their offered discounts are detailed below.
- GEICO has discounts for military active duty, daytime running lights, federal employee, defensive driver, good student, and anti-lock brakes.
- Auto-Owners Insurance may offer discounts for safe driver, mature driver, good student, paid in full, and safe vehicle.
- American Family offers premium reductions for accident-free, multi-vehicle, defensive driver, good driver, and Steer into Savings.
- Esurance offers discounts including anti-theft, emergency road assistance, DriveSense, online shopper, paid-in-full, and Switch & Save.
- Progressive may include discounts for continuous coverage, multi-policy, multi-vehicle, homeowner, and online quote discount.
- State Farm includes discounts for driver's education, good student, Drive Safe & Save, safe vehicle, Steer Clear safe driver discount, student away at school, and anti-theft.
- AAA may have discounts that include good driver, education and occupation, multi-car, anti-theft, good student, and multi-policy.
The example below shows the comparison of car insurance rates with and without discounts applied. The premium estimates are based on a female driver, no claims or driving citations, Oregon state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with homeowner, accident-free, vehicle safety, multiple policy, passive restraint, and safe-driver discounts applied. When discounts are applied, theaverage amount saved on car insurance for Uber drivers is 28% or $356.
What aren't you shopping around?
Oregon car insurance rates are determined by lots of factors that will increase or decrease your annual premium. Simply having a birthday, buying a new vehicle, or getting a ticket for careless driving can trigger rate changes that can cause some rates to be affordable when they were higher priced.
And not only may your rating factors change, but auto insurance companies change rates at least once a year to adjust for gains or losses. Significantly higher losses may cause high rates, while a better claims history can produce cheaper Portland car insurance rates.
To illustrate this example, the graph below shows rates for the cheapest car insurance in Portland, OR for a 35-year-old male driver with no accidents, a clean driving record, and good credit. If we estimate prices based on his current risk factors, Grange quotes the most affordable car insurance rates in Portland at $975 a year. This is $503 less than the average price paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are also on the list of the best Portland, OR auto insurance companies.
Let's now give the driver from the above example a claim or two, poor credit, and a few traffic violations. Due to the fact that each insurance company has a different process to set premium rates, comparing prices could result in a different ranking of affordable companies as shown below.
Amica now has the cheapest auto insurance in Portland with Allied, GEICO, Oregon Mutual, and California Casualty completing the list. This example shows why it is so important to compare lots of rates when trying to get affordable car insurance rates for Uber drivers. Insurance rates consist of many risk factors and can decrease or increase without notice, so the most economical option the last time you compared rates may now be an over-priced policy.
If you like to get some professional input when shopping for cheaper insurance for Uber drivers, the agencies below can probably provide answers to your questions and help you determine which policy fits your needs best.
To locate an agency close to you, click the button at the bottom of the list.
John Lokting - State Farm Insurance Agent
307 SE 102nd Ave - Portland, OR 97216 - (503) 252-5581
Stamm Stuart Bybee Insurance
16455 SE Division St - Portland, OR 97236 - (971) 254-1148
Ricky Hayter - State Farm Insurance Agent
7112 NE Sandy Blvd - Portland, OR 97213 - (503) 253-9315
Fox Insurance Agency
1819 SW 5th Ave - Portland, OR 97201 - (503) 277-2300
Hecht and Hecht Insurance Agency Inc.
425 NE Hancock St - Portland, OR 97212 - (503) 542-1130
How to find more affordable auto insurance for Uber drivers
Lowering your rates is not difficult, and here are some money-saving ideas that can help drivers locate more affordable car insurance.
- Raise deductibles to save money
- Staying accident-free helps keep rates low
- Higher credit scores may earn you cheaper rates
- Do not get tickets
- Buy a vehicle with excellent safety ratings
- Older vehicles may not need full coverage
- Compare price quotes at least once a year
That last idea is particularly critical, as we pointed out in this piece. Rates in Portland vary considerably, so don't be hesitant to buy from a different company if a cheaper price is available.
Sticking with a specific company is fine, but it's not a good idea if that loyalty results in overpaying a fortune every year. Take a few minutes and compare prices and find cheaper car insurance for Uber drivers.