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.
|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 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|
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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.
|Rank||City||Premium Per Year|
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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
|Rank||Company||Cost Per Year|
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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
- State Farm
- The Hartford
- The General
- AAA Insurance
- American Family
- Liberty Mutual
Top 10 Major Auto Insurers in Portland Ranked by Value
- American Family
- The Hartford
- The General
- State Farm
- AAA Insurance
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.