How Much are Car Insurance Quotes for Seniors in Portland?

Compare Prices Now

The make and model of vehicle to be insured is a large factor when consumers are trying to find the cheapest car insurance for seniors. Vehicles with lower performance, good crash test ratings, or a low likelihood of liability claims will cost significantly less to insure than high performance models.

The information below showcases coverage premiums for a selection of the cheapest automobiles to buy coverage for.

Cheapest Vehicles to Insure in Portland, OR
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $1,244
Ford Escape Limited 2WD $1,250
Honda Accord EX-L 4-Dr Sedan $1,321
Hyundai Elantra SE Touring Station Wagon $1,329
Toyota Prius $1,351
Toyota Tacoma 4WD $1,364
Jeep Wrangler Rubicon 4WD 2-Dr $1,370
Ford Edge SEL 2WD $1,413
Honda Odyssey EX W/Rear Entertainment $1,418
Volkswagen Jetta 2.0T Station Wagon $1,430
Chevrolet Silverado LT Extended Cab 4WD $1,441
Ford Fusion S 4-Dr Sedan $1,448
Chevrolet Equinox LS AWD $1,441
Dodge Grand Caravan Hero $1,449
Nissan Altima 2.5 4-Dr Sedan $1,441
Chevrolet Malibu LS $1,448
Toyota RAV4 Sport 4WD $1,441
Jeep Grand Cherokee Laredo 2WD $1,449
Ford Explorer Limited 2WD $1,470
Ford F-150 FX2 2WD $1,479
Compare Cheap Rates Go

Price data assumes married male driver age 60, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Rates do not factor in specific garaging location which can modify premiums noticeably.

Based upon these rates, you can infer that cars like the Honda CR-V, Ford Escape, and Honda Accord will be the cheapest vehicles to insure for senior citizens.

One of the more important components that aid in calculating the price you pay for insurance is where you keep your vehicle in Portland. Areas with increased crime or more people tend to pay more, whereas areas that tend to be more rural benefit from lower prices.

The table below rates the highest-priced areas in Oregon for seniors to buy an auto insurance policy in. Portland is listed at #2 with an annual cost of $1,544 for car insurance, which is about $129 monthly.

Car insurance prices in Portland
Rank City Premium Per Year
1 Gresham $1,574
2 Portland $1,544
3 Oregon City $1,444
4 Lake Oswego $1,406
5 Aloha $1,405
6 Forest Grove $1,401
7 Beaverton $1,398
8 Woodburn $1,387
9 Newberg $1,377
10 Tigard $1,362
11 Salem $1,360
12 Hillsboro $1,352
13 Tualatin $1,352
14 Keizer $1,325
15 West Linn $1,308
16 McMinnville $1,286
17 Redmond $1,260
18 Bend $1,200
19 Medford $1,169
20 Roseburg $1,161
21 Springfield $1,158
22 Eugene $1,157
23 Grants Pass $1,145
24 Corvallis $1,143
25 Albany $1,142
Find Cheaper Rates Go

Rate quotes are estimated as specific Portland garaging address can lower or raise rates significantly.

Comparing rates for affordable auto insurance is confusing at best, and figuring out which company offers the cheapest car insurance rates for seniors will involve even more shopping around.

Every car insurance company has a unique formula to determine premium rates, so let's begin by examining the car insurance companies with the overall cheapest rates in Portland, OR. It's a good idea to know that Portland car insurance rates are impacted by many factors which can significantly increase or decrease the price of your policy. Improving your credit rating, filing a claim, or getting into an accident can trigger changes in premium that may make certain companies more affordable than the competition.

Compare Cheap Insurance Quotes for Mature Drivers

Compare Rates Now

Cheapest Oregon auto insurance companies
Rank Company Cost Per Year
1 Grange $694
2 Country $847
3 Oregon Mutual $853
4 Travelers $942
5 USAA $970
6 State Farm $1,040
7 GEICO $1,144
8 Amica $1,159
9 Mutual Enumclaw $1,188
10 Allied $1,203
11 California Casualty $1,218
12 Progressive $1,272
13 MetLife $1,301
14 21st Century $1,364
15 American Family $1,459
16 Encompass $1,574
17 Allstate $1,671
18 Farmers $2,013
19 Safeco $2,216
20 Liberty Mutual $2,533
View More Rates Go

Grange quotes some of the most affordable car insurance rates in Portland at around $694 a year. This is $784 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 best Portland, OR insurance companies.

In the above rates, if you are currently insured with Oregon Mutual and switched to Grange, you could see a yearly price reduction of in the vicinity of $159. Customers with Travelers could save as much as $248 a year, and USAA policyholders might lower prices by up to $276 a year.

Remember that these rates are averaged for all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for seniors. So the car insurance company that fits your age and vehicle best may not even be in the top 22 companies shown above. That point stresses why you need to compare rates from as many companies as possible using your own individual information.

Cautious Portland drivers save money

In a perfect world, the best way to snag good car insurance premiums in Oregon for senior citizens is to be a safe driver and avoid traffic citations and accidents. The chart below highlights how traffic violations and accidents can affect car insurance costs for each different age group. The information is based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.

The chart shows that the average cost of a car insurance policy in Portland per year with a clean driving record and no accidents is $1,948. Get written up for one speeding ticket and the average cost rises to $2,237, an increase of $289 each year. Now get two accidents along with the one speeding ticket and the annual cost of car insurance for seniors increases to an average of $4,724. That's an increase of $2,776, or $231 per month, just for not driving attentively!

The chart below shows how choosing a deductible can raise or lower insurance costs when quoting cheap insurance for seniors. The costs are based on a married male driver, full coverage, and no policy discounts are applied.

The chart above illustrates that a 50-year-old driver could cut expenses by $222 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $336 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old category, could potentially save up to $740 or even more by using higher deductibles when buying full coverage.

If you do decide to increase your deductibles, it is a good idea to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense associated with higher deductibles.

Selecting the highest-rated auto insurance company can be difficult considering how many companies there are to choose from in Portland. The company ratings listed below could help you analyze which coverage providers to look at when shopping car insurance rates for seniors. The rankings below are only made up of the largest companies in the United States, so smaller companies that only insure vehicles in Oregon are not taken into consideration for this list.

Top 10 Major Auto Insurers in Portland Ranked by Customer Service

  1. GEICO
  2. State Farm
  3. The Hartford
  4. The General
  5. Progressive
  6. Allstate
  7. AAA Insurance
  8. American Family
  9. Nationwide
  10. Liberty Mutual

Top 10 Major Auto Insurers 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

Comparing rates can save you money

Oregon car insurance rates are impacted by many factors which can substantially change the price you have to pay for coverage. Improving your credit score, marrying your spouse, or getting a couple of tickets can cause premium changes that can now make some companies cheaper than competitors.

Additionally, auto insurance companies change the rates they charge in Oregon multiple times each year to reflect underwriting profits or losses. Significantly higher claims can cause more expensive prices, while lower claim levels may produce lower-cost Portland car insurance rates.

For instance, the chart below compares the cheapest car insurance in Portland, OR for a 35-year-old female driver with no prior claims, no tickets, and a decent credit rating. When quoting prices based on her personal risk profile, Grange quotes the lowest car insurance rates in Portland at $964 per year. This is $514 less than the average premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, USAA, and Travelers round out the rest of the cheapest Portland, OR auto insurance companies.

In this example, we will give the driver in the first example a claim surcharge, a lower credit rating, and a traffic citation. Since every insurance provider uses a different method for setting rates, analyzing rates will most likely result in a new list of the cheapest companies as shown below.

Oregon Mutual now has the best car insurance rate in Portland with Country, Allied, Amica, and GEICO now being in the top five. This shows why consumers need to take the time to shop around with many companies when trying to find the most budget-friendly car insurance quotes for seniors.

Insurance rates consist of many different factors and can change without notice, so the best price the last time you shopped around may now be an over-priced policy.