For good drivers, one of the largest criteria that determine the price you pay for insurance is your zip code. More densely populated places will most likely pay more, whereas areas with less congestion have the luxury of lower rates.
The following table shows the priciest cities in Oregon for safe drivers to purchase a policy in. Portland is ranked at #2 with an annual cost of $1,529 for coverage, which is approximately $127 each month.
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Price information shown is approximated as the specific zip code location can influence premiums significantly.
Trying to find low-cost car insurance is not the easiest thing to accomplish, and determining which companies quote the best auto insurance rates for safe drivers takes more quotes for comparison.
Every auto insurer has a different formula for determining prices, so let’s rank the auto insurance companies with the overall best prices in Portland. It’s important that you understand Portland auto insurance rates are based on many factors that will increase or decrease the cost of having a policy. This price fluctuation is why drivers need to spend some time comparing rates to get the cheapest insurance rates for safe drivers. Auto insurance prices are made up of many different factors and change substantially, so the best price the last time you compared rates may now be quite expensive.
Find the Cheapest Car Insurance for Safe Drivers
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Grange may have some of the most affordable car insurance rates in Portland at around $715 per year. Country, Oregon Mutual, Travelers, and USAA also rank well as some of the most economical Portland, OR car insurance companies.
As shown in the rates above, if you are currently insured with Travelers and switched to Grange, you might achieve yearly savings of approximately $199. Insureds with USAA may save as much as $235 a year, and State Farm insureds might lower prices by up to $325 a year.
It’s important to note that these prices are averages across all ages of drivers and types of vehicles and and are not figured with an exact zip code location for safe drivers. So the company that fits your age and vehicle best may not even be in the list above. That is why you need to get rate quotes using your own personalized driver profile and vehicle information.
The diagram below highlights how deductible choice can increase or decrease insurance prices when quoting cheap insurance for safe drivers. The costs are based on a married male driver, full coverage, and no discounts are factored in.
In the chart above, a 50-year-old driver could save $310 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $470 by choosing a $1,000 deductible. Young drivers, like the Age 20 category, could reduce their rates as much as $1,038 every year by using a higher deductible. If you do raise deductibles, it will now be necessary to have enough in a savings account to offset the extra out-of-pocket expense that is associated with using high deductibles.
Price comparison of only insuring for liability
Lowering the price of auto insurance is probably important to the majority of vehicle owners, and one way to reduce the cost of insurance for safe drivers is to not buy full coverage. The illustration below shows the difference between premium costs when comparing full coverage to liability only. The rate quotes are based on no claims or driving citations, $100 deductibles, drivers are single, and no other discounts are factored in.
If we average the cost for ages 20 through 70, full coverage on your policy costs $1,834 per year more than just buying liability insurance. That proposes the question if it’s a good idea to buy full coverage. There is no clear-cut rule that works best for making the decision to drop physical damage insurance, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.
Insuring your vehicle with a good quality car insurance provider can be challenging considering how many different companies sell coverage in Oregon. The ranking data shown below can help you choose which auto insurers to look at comparing rate quotes with. The rankings below are for the largest companies in the United States, so companies that have a smaller presence will not be included in this list.
Top 10 Large Car Insurance Companies in Portland Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- The General – A-
Top 10 Large Car Insurance Companies in Portland Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- GEICO – 89%
- The Hartford – 89%
- The General – 88%
- 21st Century – 88%
- Allstate – 88%
- Liberty Mutual – 88%