For health professionals, one of the more important criteria that are looked at to determine the annual cost of car insurance is where your residence is in Portland. Areas with more people or higher crime rates tend to have more expensive car insurance rates, whereas areas with less people or fewer weather incidents profit from lower rates.
The information below shows the most expensive areas in Oregon for nurses to buy car insurance in. Portland ranks #2 costing $1,544 for the average policyholder, which is approximately $129 each month.
|Rank||City||Average Per Year|
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Information shown are comparative as the garaging address in Portland can decrease or increase prices considerably.
The type of vehicle to be insured is probably the largest consideration when quoting low-cost coverage for nurses. Vehicles with high performance, poor passenger safety features, or a track record of large liability claims will cost more to insure than safer models. The next table outlines coverage costs for the most cost-effective vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$1,356|
|Honda Accord LX-P 4-Dr Sedan||$1,361|
|Jeep Wrangler Sport 4WD 2-Dr||$1,612|
|Toyota Corolla S||$1,691|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,721|
|Ford Escape Limited 4WD||$1,805|
|Ford Focus SE 2-Dr Coupe||$1,810|
|GMC Sierra SLT Crew Cab 4WD||$1,834|
|Toyota RAV4 4WD||$1,837|
|Toyota Camry LE||$1,842|
|Chevrolet Malibu LS||$1,837|
|Ford Explorer XLT 4WD||$1,863|
|Dodge Grand Caravan SXT||$1,871|
|Ford Edge SEL AWD||$1,927|
|Honda Odyssey EX W/Rear Entertainment||$1,933|
|Jeep Grand Cherokee Laredo 2WD||$1,966|
|Ford Fusion S 4-Dr Sedan||$1,971|
|Volkswagen Jetta S 4-Dr Sedan||$1,966|
|Chevrolet Equinox LTZ 2WD||$1,969|
|Ford F-150 Lariat King Ranch 4WD||$2,003|
|Dodge Ram Crew Cab SLT 2WD||$2,010|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$2,006|
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Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, safe-driver, claim-free, homeowner, and multi-policy. Price estimates do not factor in specific zip code location which can increase or decrease coverage rates noticeably.
Based upon these rates, vehicles like the Honda CR-V, Honda Accord, and Toyota Prius are most likely going to be some of the most affordable vehicles to insure for health professionals.
Full coverage or liability only
Saving money when shopping for insurance should be important to most vehicle owners, and an easy way to pay less for insurance for nurses is to not buy comprehensive and collision coverage. The chart below illustrates the difference between car insurance costs with and without full coverage. The prices are based on no violations or accidents, $500 deductibles, marital status is single, and no discounts are applied to the premium.
If averaged for all ages, full coverage on your policy costs an extra $1,509 per year over having just liability coverage. At some point, about every driver wonders when is it safe to stop buying full coverage. There is no clear-cut rule for dropping comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is more than 10% of replacement cost minus your deductible, then it might be time to buy liability only.
There are a few cases where only buying liability is not a good idea. If you still have a loan on your vehicle, you must maintain physical damage coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should keep full coverage in place.
How to get discounts on Portland car insurance rates
Car insurance companies that offer coverage for nurses could also offer policy discounts that may potentially lower prices by as much as 35% or more if you are eligible to receive them. A list of companies and some of the discounts are:
- GEICO may include discounts for membership and employees, daytime running lights, emergency military deployment, seat belt use, military active duty, multi-policy, and federal employee.
- MetLife offers premium reductions for defensive driver, claim-free, good student, good driver, and multi-policy.
- State Farm has savings for driver’s education, Drive Safe & Save, safe vehicle, good student, accident-free, student away at school, and passive restraint.
- Progressive discounts include multi-vehicle, continuous coverage, homeowner, online quote discount, multi-policy, and good student.
- Mercury Insurance offers discounts including accident-free, professional/association, low natural disaster claims, type of vehicle, age of vehicle, multi-car, and good driver.
- 21st Century policyholders can earn discounts including good student, theft prevention, air bags, student driver, early bird, and driver training.
- Allstate includes discounts for 55 and retired, good payer, FullPay discount, new car, and safe driver.
The chart below shows the comparison of auto insurance costs with and without some available policy discounts. The price estimates are based on a male driver, no violations or claims, Oregon state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with homeowner, vehicle safety, safe-driver, multiple vehicle, multiple policy, and passive restraint discounts applied. When drivers take advantage of discounts, the average savings per year on insurance for nurses is 28% or $625.
Chances are good that you’re overpaying for Portland car insurance
Oregon insurance rates are calculated based on many things that control the price you pay. Turning one year older, buying a different home, or getting a ticket for careless driving can produce rate changes that may make certain companies cheaper than before. Also, companies change the rates they charge in Oregon without warning to adjust for unexpected claims or profits. Heavier than normal losses can cause rate increases, while a lower level of claims may cause cheaper Portland car insurance rates.
To illustrate this point, the bar chart below shows a variety of companies that have the cheapest car insurance in Portland, OR for a 45-year-old male driver with no prior claims, no tickets, and excellent credit. When comparing rates based on his personal profile, Grange has the most affordable car insurance rates in Portland at $908 per year. This is $570 less than the average policy premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are the remainder of the cheapest Portland, OR auto insurance companies.
The example below compares rates after we give the driver from the above example a claim surcharge, a lower credit rating, and a traffic citation. Because each company has a unique approach for setting rates, comparing rates will most likely result in a significantly different list of companies as shown below.
Amica now has the lowest price in Portland with Mutual Enumclaw, GEICO, Oregon Mutual, and Allied also being competitive. This example shows why it is critical to do a thorough rate comparison when trying to get affordable car insurance rates for nurses. Insurance rates can be determined by many factors and change dramatically, so the cheapest company when you bought your policy may now not even be in the top five.
If you would rather have some professional guidance when shopping around for cheaper insurance for health professionals, the agents listed below are willing to answer your questions and help you decide which insurance coverage will be best for you. To find an agent in your neighborhood, click the button at the bottom of the list or click here to compare prices now.
- Gustavo Soares – State Farm Insurance Agent
650 NE Holladay St Ste 1600 – Portland, OR 97232 – (503) 287-0027
- WelPland Insurance, SE Portland and Clackamas County
5845 SE 82nd Ave – Portland, OR 97266 – (503) 777-5406
- Allstate Insurance: Dick Hannah Insurance Agency
12345 E Burnside St – Portland, OR 97233 – (360) 816-8439
How to find the cheapest car insurance for nurses
Lowering your rates is not difficult, and here are many thrifty solutions that can help drivers get low-cost auto insurance.
- Avoid at-fault accidents and claims
- Raise physical damage deductibles
- Remove physical damage coverage on older vehicles
- Don’t have frequent claims
- Save money by obeying traffic laws and keeping a clean driving record
- Compare quotes from other companies often
The final tip is particularly necessary, as was stressed in the prior article. Car insurance rates in Portland fluctuate constantly, so drivers shouldn’t hesitate to change insurance companies if you find a better deal.
Brand loyalty is not necessarily bad, but it isn’t a good idea if it’s costing you a lot of money. In less than five minutes you could compare prices to find cheaper car insurance for nurses.