One of the more important components that aid in calculating the annual cost of car insurance is where you keep your car. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with less congestion benefit from having to pay less for coverage.
The information below sorts the most expensive cities in Oregon for a school permit in which to buy car insurance. Portland ranks #2 with the yearly price of $1,529 for the average insurance policy, which is about $127 monthly.
|Rank||City||Average Per Year|
|Start a Quote Go|
Premium costs are estimated as the specific zip code location can lower or raise auto insurance rates substantially.
Trying to find low-cost auto insurance is not most people’s favorite thing to do, and determining which company quotes the cheapest car insurance rates for a school permit requires a bit more work. Every auto insurer has a proprietary formula to establish rates, so let’s begin by examining the most budget-friendly car insurance companies in Portland.
Best Auto Insurance Prices for Students
|Rank||Company||Cost Per Year|
|Compare Rates Now Go|
Grange normally has some of the best car insurance rates in Portland at around $708 per year. Oregon Mutual, Country, Travelers, and USAA also are some of the cheapest Portland, OR car insurance companies.
In this example, if you buy coverage from Country and switched to Grange, you could earn savings of approximately $114. Customers with Travelers could save as much as $206 a year, and USAA insureds might lower prices by up to $242 a year.
To see how much you can save, click here to start your custom quote or click through to the companies below.
It’s important to note that these policy prices are averaged across all insureds and vehicles and and are not calculated with a specific vehicle garaging location for a school permit. So the company that can offer you the lowest price may not even be in the top 22 companies in the list above. That helps illustrate why you need to get rate quotes from many companies using your own individual information.
The type of vehicle driven is probably the most important factor when comparing quotes for cheaper coverage for a school permit. Vehicles with limited speed and performance, excellent safety ratings, or a positive history of liability claims will cost substantially less to insure than adrenaline junky models. The list below showcases coverage rates for a handful of the cheapest automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$5,230|
|Honda CR-V EX-L 4WD||$5,281|
|Ford Edge SE 2WD||$5,824|
|Toyota RAV4 Sport 4WD||$6,205|
|Toyota Camry LE||$6,211|
|Volkswagen Jetta LE 4-Dr Sedan||$6,205|
|Chevrolet Malibu LS||$6,215|
|Chevrolet Equinox LT 2WD||$6,205|
|Dodge Grand Caravan Crew||$6,254|
|Ford Explorer Eddie Bauer AWD||$6,262|
|Ford F-350 XL Super Cab 2WD||$6,305|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$6,483|
|Hyundai Elantra Blue 4-Dr Sedan||$6,486|
|Ford Focus SES 4-Dr Sedan||$6,495|
|Find Cheaper Rates Go|
Cost estimates assume single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in specific location information which can impact premium rates substantially.
Based on these rates, cars like the Ford Escape, Honda CR-V, and Toyota Prius are some of the cheaper vehicles to insure for a learners permit. Car insurance rates will tend to be more expensive because of the fact that there is more liability exposure for a school permit, but generally speaking those makes and models will most likely have the lowest insurance rates compared to other types of vehicles.
The information below shows how choosing a deductible can affect premium costs when researching cheap insurance for a school permit. The premiums are based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $294 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $442 by choosing a $1,000 deductible. Younger drivers, like the Age 20 chart data, can cut as much as $730 or more by choosing a higher deductible. When raising deductibles, it will be important to have enough savings set aside to satisfy the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.
Tickets and at-fault accidents raise rates
The common sense way to score the cheapest car insurance premiums in Oregon for a learners permit is to drive carefully and avoid at-fault accidents and violations. The chart below shows how violations and at-fault claims increase insurance rates for each age group. The rate quotes are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of auto insurance per year with no accidents or violations is $1,415. Get written up for two speeding tickets and the average cost increases to $2,015, an increase of $600 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance for a school permit increases to an average of $4,139. That’s an increase of $2,724, or $227 per month, just for being a careless driver!
Should you buy full coverage?
Lowering the price of car insurance is important to most drivers, and one of the fastest ways to save on the cost of insurance for a school permit is to only buy liability insurance. The example below illustrates the difference between insurance costs with and without physical damage coverage. The costs are based on a clean driving record, no claims, $250 deductibles, single status, and no additional discounts are factored in.
On average, physical damage coverage costs an extra $1,858 per year over and above liability only. A very common question is if paying for full coverage is worth it. There isn’t a steadfast formula to delete full coverage, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of any settlement you would receive from your insurance company, then it might be time to consider dropping full coverage.
For example, let’s say your vehicle’s replacement value is $7,500 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $6,500 after the policy deductible has been paid. If you are paying more than $650 a year for physical damage coverage, then it might be time to buy liability only.
There are a few cases where only buying liability is not recommended. If you haven’t satisfied your loan, you must maintain physical damage coverage to protect the lienholder’s interest in the vehicle. Also, if you don’t have enough money to buy a different vehicle in case of an accident, you should not remove full coverage.
How to find cheaper auto insurance for a school permit
Here are some of the recommended thrifty solutions that can help drivers get cheaper coverage.
- Prevent price hikes by avoiding at-fault accidents
- Raise deductibles to save money
- Be a cautious driver
- Buy your auto and home insurance from the same company and save
- Better credit rating means better rates
- Frequent claims may make car insurance unaffordable
- Compare rates and switch if you can find a better deal
The last tip is especially important, as we pointed out in this article. Car insurance prices in Portland adjust often, so drivers shouldn’t hesitate to switch carriers if you can save money. Brand loyalty is not necessarily bad, but is isn’t recommended if it’s costing you hundreds every year. Take a couple minutes and shop around to find cheaper car insurance for a school permit.
If you like to get help from a professional when shopping for cheaper insurance for a learners permit, the insurance agencies listed below are a good start to answer your questions and help you decide which policy is best.
To locate a Portland auto insurance agent by location nearest to you, click the link after the list or click here to compare price quotes.
Gustavo Soares – State Farm Insurance Agent
650 NE Holladay St Ste 1600 – Portland, OR 97232 – (503) 287-0027
Pete Zavos – State Farm Insurance Agent
8305 SE Monterey Ave #102 – Portland, OR 97086 – (503) 653-6392
Nationwide Insurance: Eric L Weber Agency
4415 NE Sandy Blvd Ste 200 – Portland, OR 97213 – (503) 249-7667
Mark Nguyen – State Farm Insurance Agent
14146 SE Stark St – Portland, OR 97233 – (503) 253-2110
H.Q. La – State Farm Insurance Agent
1827 NE 44th Ave #110 – Portland, OR 97213 – (503) 236-3776