Who Has Cheap Auto Insurance Quotes for Business Use in Portland?

The words “cheap” and “insurance” really don’t belong together, especially when you are trying to find the lowest insurance rates for business use. In an attempt to save some money, let’s lead off by showing you some of the factors that impact car insurance prices, and find a few ways to take the sting out of the next policy you buy.

Deciding which companies have the cheapest auto insurance rates for business use will take a tad more effort than just quoting one company’s rates.

Each insurer has a unique approach for filing rates in each state, so let’s rank the auto insurance companies with the overall cheapest rates in Oregon.

Cheap Insurance Rates for Business Use

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Rankings for the cheapest car insurance companies in Oregon
Rank Company Cost Per Year
1 Grange $687
2 Oregon Mutual $819
3 Country $847
4 Travelers $952
5 USAA $979
6 State Farm $1,040
7 Amica $1,137
8 Allied $1,167
9 Mutual Enumclaw $1,176
10 GEICO $1,179
11 California Casualty $1,230
12 Progressive $1,272
13 21st Century $1,324
14 MetLife $1,340
15 American Family $1,459
16 Encompass $1,558
17 Allstate $1,671
18 Farmers $2,013
19 Safeco $2,150
20 Liberty Mutual $2,508
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Grange normally has some of the most affordable car insurance rates in Portland at around $687 each year. This is $791 less than the average price paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA would also be considered some of the lowest-priced Portland, OR car insurance companies.

As illustrated above, if you are a policyholder with Travelers and switched to Grange, you might achieve a yearly price reduction of around $265. Drivers with USAA might save as much as $292 a year, and State Farm customers might see rate reductions of $353 a year.

It’s important to note that these premium estimates are averaged across all drivers and vehicles in Oregon and do not take into consideration a specific zip code for business use. So the company that has the cheapest price for you may not even be in the top 22 companies in the list above. That emphasizes why you need to quote rates from many companies using your own driver information and specific vehicle type.

For using your car for business, one of the more important criteria that determine the annual cost of car insurance is the neighborhood you call home in Portland. Areas with more people or more claims will most likely pay more, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.

The table below shows the most expensive cities in Oregon for business use in which to purchase auto insurance. Portland is listed at #2 having an annual price of $1,544 for coverage, which is about $129 monthly.

How much does car insurance cost in Portland, OR?
Rank City Annual Premium
1 Gresham $1,622
2 Portland $1,544
3 Oregon City $1,430
4 Beaverton $1,412
5 Lake Oswego $1,406
6 Forest Grove $1,388
7 Hillsboro $1,380
8 Aloha $1,363
9 Salem $1,360
10 Woodburn $1,346
11 Tualatin $1,338
12 Newberg $1,337
13 Tigard $1,336
14 McMinnville $1,325
15 Keizer $1,325
16 West Linn $1,322
17 Redmond $1,223
18 Roseburg $1,196
19 Bend $1,188
20 Corvallis $1,178
21 Medford $1,169
22 Eugene $1,157
23 Grants Pass $1,156
24 Albany $1,153
25 Springfield $1,136
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Premium costs are comparative as the garaging address in Portland can change price quotes substantially.

Picking the highest-rated car insurance company is difficult considering how many choices there are in Portland. The company information listed below could help you decide which coverage providers you want to consider when comparing auto insurance rates for business use. The ratings below are only made up of companies with a national presence, so companies that focus mainly on Oregon business are not included in the list.

Top 10 Large 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 Large 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-

The diagram below shows how choosing a deductible can affect annual premium costs when searching for cheap insurance for business use. The rates are based on a single male driver, full coverage, and no discounts are applied.

The chart above illustrates that a 40-year-old driver could save $368 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $552 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old example, can save $1,212 each year just by choosing larger deductibles. If you do raise deductibles, it is a good idea to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

How to find budget-friendly car insurance for business use

It is possible to find better rates, and here are many penny-pinching solutions that can help Oregon drivers quote more affordable coverage.

That final tip is particularly critical, as we hit on in this piece. Insurance prices change frequently, so you should be ready to switch to a new company if a better deal can be had.

Staying with the same company for years is fine, but is isn’t recommended if it’s costing you hundreds of dollars a year. In less than five minutes you could compare rates to find cheaper auto insurance for business use in Portland.