Who Has Cheap Portland Auto Insurance for Drivers Over Age 70?

The make and model of vehicle you are insuring is one of the largest considerations in finding the most economical insurance for drivers over age 70. Vehicles with limited speed and performance, a plethora of safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models.

The next list ranks car insurance premiums for the cheaper vehicles to insure in Oregon.

Cheapest Vehicles to Insure in Portland, OR
Vehicle Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,631
Honda CR-V EX-L 2WD $1,641
Jeep Wrangler Sport 4WD 2-Dr $1,669
Volkswagen Jetta S 2.5 Station Wagon $1,734
Toyota Prius $1,761
Honda Odyssey LX $1,771
Ford F-150 XLT Regular Cab 4WD $1,798
Ford Explorer XLT 2WD $1,807
Chevrolet Impala LS $1,874
Dodge Grand Caravan Hero $1,900
Jeep Grand Cherokee Laredo 2WD $1,910
Toyota RAV4 Limited 4WD $1,900
Chevrolet Malibu LT $1,927
Honda Civic LX-S 4-Dr Sedan $1,976
Ford Focus SES 4-Dr Sedan $1,981
Ford Edge Sport 2WD $2,003
Hyundai Elantra SE 4-Dr Sedan $2,013
Toyota Tacoma X-Runner 2WD $2,003
Toyota Corolla XRS $2,030
GMC Sierra 2500HD SLE Extended Cab 4WD $2,038
Chevrolet Silverado LT Crew Cab 4WD $2,030
GMC Sierra SLT Extended Cab 2WD $2,040
Chevrolet Equinox LTZ 2WD $2,030
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Data based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in zip code location which can increase or decrease insurance rates greatly.

Based upon the rates shown, models like the Ford Escape, Honda CR-V, Jeep Wrangler, and Volkswagen Jetta will be some of the cheaper vehicles to insure for older drivers. The price for car insurance will trend higher just because there is more claim exposure for drivers over age 70, but in general those particular vehicles will tend to have the cheapest rates compared to all other vehicles.

Locating cheap auto insurance is difficult, and figuring out which company quotes the cheapest insurance rates for drivers over age 70 requires more quotes for comparison. Each company uses different criteria to set premium rates, so let’s take a look at the most budget-friendly insurance companies in Portland.

It’s a good idea to be aware that Oregon insurance rates are influenced by many factors that can increase the price you pay. That is why it is important to compare rates when trying to find cheap auto insurance rates for drivers over age 70. Auto insurance prices are influenced by many factors and can increase or decrease at any time, so the most economical option two years ago may now be priced much higher than other options.

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Cheapest auto insurance in Oregon ranked by cost per year
Rank Company Cost Per Year
1 Grange $715
2 Oregon Mutual $828
3 Country $847
4 Travelers $942
5 USAA $979
6 State Farm $1,040
7 Amica $1,125
8 GEICO $1,155
9 Allied $1,179
10 Mutual Enumclaw $1,188
11 Progressive $1,222
12 California Casualty $1,230
13 MetLife $1,301
14 21st Century $1,310
15 American Family $1,474
16 Encompass $1,622
17 Allstate $1,722
18 Farmers $1,954
19 Safeco $2,172
20 Liberty Mutual $2,433
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Grange normally has some of the cheapest car insurance rates in Portland at around $715 per year. This is $763 less than the average policy premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA also are some of the cheaper Portland, OR insurance companies.

As shown in the rates above, if you currently have a policy with Country and switched to Grange, you could realize a yearly price reduction of around $132. Oregon drivers with Travelers might save as much as $227 a year, and USAA insureds might lower prices by up to $264 a year.

Bear in mind that those policy rates are averages for all ages of drivers and types of vehicles and and are not figured with a specific location for drivers over age 70. So the auto insurance company that has the lowest price for you may not even be in the list above. That’s why you need to get auto insurance quotes using your own driver data and vehicle information.

The chart below shows how different deductible levels can influence insurance rates when getting quotes for cheap insurance for drivers over age 70. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.

In the chart above, a 50-year-old driver could reduce rates by $218 a year by changing from a $100 deductible up to a $500 deductible, or save $330 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could save up to $542 or even more just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it’s a good idea to have enough savings to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Impact of speeding/accidents on Portland insurance rates

The easiest method to enjoy affordable insurance rates for older drivers is to be an attentive driver and avoid tickets and accidents. The chart below illustrates how violations and at-fault accidents can raise yearly insurance costs for different age groups of insureds. The premium estimates are based on a married female driver, full coverage, $500 deductibles, and no discounts are applied.

The data charted above shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,541. Factor in one speeding ticket and the average cost increases to $1,798, an increase of $256 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for drivers over age 70 increases to an average of $4,120. That’s an increase of $2,579, or $215 per month, just for a couple of infractions!

Get discounts on Portland insurance rates

Cheaper Portland, OR insurance for older driversInsurance providers that offer cheap quotes for drivers over age 70 may additionally offer price discounts that may potentially lower prices by as much as 35% or more if you meet the requirements. The best insurance companies and their possible discounts are included below.

The information below shows the comparison of car insurance rates with and without discounts. The costs are based on a female driver, a clean driving record, no claims, Oregon state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multiple policy, defensive driving course, anti-theft, and accident-free discounts applied. In this example, theamount saved on insurance for drivers over age 70 is 28% or $646.

Low rates today, overpriced tomorrow

Portland insurance rates are impacted by many factors which can substantially decrease or increase the price of coverage. Simply getting older, buying a new vehicle, or getting caught speeding may generate price changes that can make some companies affordable when they were higher priced. Also, insurers change the rates they charge in Oregon as needed in order to remain profitable. Higher than usual claims can result in price increases, while a lower level of claims can produce lower-priced Portland car insurance rates.

As an example, the data below shows the cheapest car insurance in Portland, OR for a 45-year-old male driver with a clean driving record, no accidents, and great credit. When quoting prices based on his current risk factors, Grange might quote the most affordable car insurance rates in Portland at $962 a year. This is $516 less than the average rate paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are the remaining top five cheapest Portland, OR auto insurance companies.

Let’s now give the driver in the first chart a claim surcharge, bad credit, and a few traffic violations. Due to the fact that each insurance company has a unique approach to set premium rates, comparing insurance quotes may now show a different ranking of the cheapest Portland car insurance companies as shown below.

Amica now has the best insurance rate in Portland with Mutual Enumclaw, Allied, GEICO, and California Casualty also having competitive pricing. This example shows why it is crucial to compare rates when trying to get the most budget-friendly auto insurance quotes for drivers over age 70. Insurance rates are impacted by many different factors and can change without notice, so the most economical option when you last compared rates may now not even be in the top five.

The insurance agencies below can help you decide which car insurance company is the best fit, as many consumers aren’t sure which coverage to buy and prefer to have a little guidance when shopping around for cheaper insurance for drivers over age 70. It can be complicated to do it yourself, and insurance agents can provide satisfaction knowing your coverage gives you adequate protection in the event of a claim.

To find a Portland insurance agency using an interactive map, click the link at the bottom.

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