How long has it been since you compared lower-priced auto insurance rates in Portland, OR? Portland consumers have many options when looking for the lowest priced Acura RL insurance. You can either waste hours contacting agents to compare prices or utilize the internet to compare rates.
There is a right way and a wrong way to shop for auto insurance so you're going to learn the quickest way to compare rates on a Acura and obtain the cheapest rates.
We don't have to tell you that car insurance companies want to keep you from comparing prices. People who compare rates annually will probably buy a new policy because there is a great chance of finding a cheaper policy. A recent auto insurance study discovered that people who did price comparisons regularly saved over $865 annually compared to those who never shopped for cheaper rates.
If finding the best price on Acura RL insurance is your objective, then understanding how to find and compare insurance can save money and time.
If you're already insured or just want to save money, use these money-saving tips to reduce the price you pay without having to cut coverage. The purpose of this post is to teach you the best way to buy inexpensive insurance. Drivers just need to use the proper methods to compare rate quotes from many companies at once.
Best companies for cheap Acura RL insurance in Oregon
The car insurance companies shown below are our best choices to provide price quotes in Portland, OR. To get cheaper auto insurance in Oregon, it's highly recommended you visit two to three different companies in order to get a fair rate comparison.
Rates and information analytics
The table displayed next highlights different prices for Acura RL models. Having a better idea how insurance prices are formulated can help you make smart choices when purchasing an auto insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RL 3.7 with Tech Package||$182||$394||$362||$22||$108||$1,068||$89|
|RL 3.7 with Tech/CMBS Package||$182||$394||$362||$22||$108||$1,068||$89|
|Get Your Own Custom Quote Go|
Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can modify insurance rates substantially.
The diagram below shows how choosing a deductible and can raise or lower Acura RL insurance costs for different age categories. The prices are based on a single male driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Gender differences in insurance premiums
The illustration below shows the difference between Acura RL premium costs for male and female drivers. The prices are based on no accidents, no driving violations, comp and collision included, $250 deductibles, marital status is single, and no discounts are factored in.
Cost difference between full coverage and liability
The illustration below visualizes the comparison of Acura RL auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The information is based on no driving violations, no at-fault accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.
When to drop full coverage
There is no set guideline to delete comprehensive and collision coverage on your policy, but there is a broad guideline. If the yearly cost of full coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.
For example, let's say your Acura RL settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $5,000 after the policy deductible has been paid. If premiums are more than $500 a year for full coverage, then you might want to consider buying only liability coverage.
There are a few situations where only buying liability is not a good plan. If you still have a loan on your vehicle, you have to carry full coverage as part of the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should keep full coverage.
Cheaper rates on Acura RL insurance in Portland with these seven auto insurance discounts
Some companies do not list their entire list of discounts in an easy-to-find place, so the following is a list of both well-publicized and the more hidden discounts that you may qualify for.
- Senior Citizen Rates - Drivers over the age of 55 may qualify for a small decrease in premiums.
- Seat Belts Save - Buckling up and requiring all passengers to use a seat belt can save a little off the PIP or medical payment premium.
- Employee of Federal Government - Simply working for the federal government may reduce rates when you quote Portland car insurance depending on your company.
- Policy Bundle Discount - If you can bundle your auto and homeowners insurance with the same company you may earn 10% to 20% off each policy.
- Fewer Miles Equal More Savings - Low annual miles can earn cheaper auto insurance rates.
- Data Collection Discounts - People who choose to allow driving data collection to study driving habits through the use of a telematics system such as Progressive's Snapshot could possibly reduce rates if they are good drivers.
- Claim Free - Portland drivers who stay claim-free can save substantially as compared to drivers with a long claim history.
Don't be shocked that most credits do not apply to the whole policy. Most only cut individual premiums such as comp or med pay. So when the math indicates all the discounts add up to a free policy, companies don't profit that way.
The illustration below visualizes the comparison of Acura RL insurance costs with and without discounts. The data assumes a male driver, no violations or accidents, Oregon state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-car, safe-driver, claim-free, homeowner, and multi-policy discounts applied.
Companies and their offered discounts are detailed below.
- State Farm offers discounts including passive restraint, good student, Steer Clear safe driver discount, anti-theft, safe vehicle, and defensive driving training.
- GEICO has savings for air bags, daytime running lights, good student, anti-theft, and military active duty.
- Allstate may have discounts that include teenSMART discount, premier plus, good student, utility vehicle, and good payer.
- SAFECO has discounts for bundle discounts, safe driver, anti-lock brakes, multi-car, and anti-theft.
- Farm Bureau includes discounts for youthful driver, renewal discount, driver training, good student, 55 and retired, and safe driver.
- Progressive may include discounts for online signing, multi-policy, multi-vehicle, good student, homeowner, and continuous coverage.
- AAA discounts include good student, multi-car, good driver, pay-in-full, education and occupation, anti-theft, and AAA membership discount.
Check with every insurance company which credits you are entitled to. Some of the earlier mentioned discounts might not be available to policyholders in your area. To find insurers that offer the discounts shown above in Oregon, click here.
Compare rate quotes but still have a neighborhood Portland auto insurance agent
Many drivers would prefer to buy from a local agent and that is not a bad decision Most agents are trained to spot inefficiencies and will help you if you have claims. One of the best bonuses of getting free rate quotes online is the fact that you can find cheap rate quotes and still have a local agent. Putting coverage with local agencies is important especially in Portland.
Upon completion of this short form, your insurance data is emailed to insurance agents in Portland who want to provide quotes for your insurance coverage. There is no need to search for any insurance agencies because quoted prices will be sent directly to you. If you want to quote rates from a specific insurance provider, you can always visit that company's website and give them your coverage information.
The type of car insurance agent you choose is important
If you are searching for local Portland agents, there are a couple of different agency structures and how they are distinctly different. Insurance agencies are categorized either exclusive agents or independent agents. Both can write insurance policies, but it is important to understand the difference in the companies they write for since it can affect which type of agent you select.
Independent Agencies or Brokers
Agents that elect to be independent are normally appointed by many insurers so they have the ability to put coverage with lots of companies enabling the ability to shop coverage around. If they find a cheaper price, your agent can switch companies which requires no work on your part.
When shopping rates, it's a good idea to compare prices from a couple of independent agencies to ensure the widest selection of prices. Most have the option of insuring with companies you've never heard of who may have lower rates.
Listed below is a partial list of independent insurance agents in Portland that may be able to give pricing information.
- Wix Insurance Agency
8037 SE Stark St - Portland, OR 97215 - (503) 760-6826 - View Map
- Pibal Insurance Brokers of Oregon
1314 NW Irving St - Portland, OR 97209 - (503) 287-8808 - View Map
- WelPland Insurance, SE Portland and Clackamas County
5845 SE 82nd Ave - Portland, OR 97266 - (503) 777-5406 - View Map
Exclusive Insurance Agents
Agents of this type can only place business with one company such as Farmers Insurance, American Family, State Farm and Allstate. These agents are unable to give you multiple price quotes so they have to upsell other benefits. Exclusive agents are usually well trained on their products and sales techniques which can be an advantage. Consumers often buy from exclusive agents mainly due to the prominence of the brand and the convenience of having a single billing for all their coverages.
Listed below are Portland exclusive agencies that can give you rate quotes.
- State Farm: Jared Dean
101 SW Main St #915 - Portland, OR 97204 - (503) 222-6601 - View Map
- Gustavo Soares - State Farm Insurance Agent
650 NE Holladay St Ste 1600 - Portland, OR 97232 - (503) 287-0027 - View Map
- Ricky Hayter - State Farm Insurance Agent
7112 NE Sandy Blvd - Portland, OR 97213 - (503) 253-9315 - View Map
Finding the right insurance agency should depend on more than just a low price. The answers to these questions are important, too.
- Do you qualify for any additional discounts?
- Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.
- Can glass repairs be made at your home?
- By raising physical damage deductibles, how much would you save?
- Will the agent help in case of a claim?
- How long have they been in business?
How to find a good Portland auto insurance company
Selecting the top insurer can be a challenge considering how many different companies sell coverage in Portland. The company rank data below can help you select which coverage providers you want to consider shopping prices with.
Top 10 Portland Car Insurance Companies Overall
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
- Mercury Insurance
Top 10 Portland Car Insurance Companies Ranked by Customer Service
- State Farm
- The Hartford
- Mercury Insurance
- The General
- AAA Insurance
- American Family
Auto insurance specifics
Learning about specific coverages of your policy aids in choosing which coverages you need at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy.
Medical payments and PIP coverage
Coverage for medical payments and/or PIP pay for immediate expenses like pain medications, X-ray expenses, funeral costs and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to being hit by a car walking across the street. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage
UM/UIM (Uninsured/Underinsured Motorist) coverage
This protects you and your vehicle from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants and damage to your Acura RL.
Since many Oregon drivers only carry the minimum required liability limits (25/50/20), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually these coverages are similar to your liability insurance amounts.
Liability car insurance
Liability insurance protects you from injuries or damage you cause to other people or property that is your fault. It protects you against other people's claims, and does not provide coverage for your own vehicle damage or injuries.
Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show policy limits of 25/50/20 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $20,000. Occasionally you may see a combined single limit or CSL which limits claims to one amount without having the split limit caps.
Liability can pay for things like medical expenses, pain and suffering, legal defense fees and structural damage. How much liability coverage do you need? That is a personal decision, but buy as much as you can afford. Oregon requires drivers to carry at least 25/50/20 but it's recommended drivers buy more liability than the minimum.
The chart below demonstrates why low liability limits may not provide you with enough coverage.
Collision insurance covers damage to your RL from colliding with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.
Collision coverage protects against claims like scraping a guard rail, colliding with a tree, crashing into a ditch, damaging your car on a curb and driving through your garage door. This coverage can be expensive, so consider removing coverage from older vehicles. It's also possible to increase the deductible on your RL to bring the cost down.
Comprehensive auto coverage
Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and the remainder of the damage will be paid by comprehensive coverage.
Comprehensive coverage protects against claims like damage from a tornado or hurricane, hail damage, falling objects, damage from getting keyed and fire damage. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it's not worth much more than your deductible it's not worth carrying full coverage.
A conclusion for your insurance search
We just covered a lot of techniques to lower your Acura RL insurance rates in Portland. The key thing to remember is the more providers you compare, the better your comparison will be. Consumers could even find that the best rates are with a small mutual company.
Insureds switch companies for a variety of reasons including denial of a claim, policy cancellation, delays in responding to claim requests and high rates after DUI convictions. It doesn't matter why you want to switch finding a new insurance company can be pretty painless.
When buying insurance coverage, never buy poor coverage just to save money. There are a lot of situations where an insured dropped physical damage coverage only to regret that it was a big mistake. Your aim should be to purchase plenty of coverage at the best cost but still have enough coverage for asset protection.
Steps to buying affordable Acura RL insurance in Portland
The best way we recommend to get cheaper Acura RL insurance is to compare quotes once a year from different companies in Portland.
First, try to learn a little about coverages and the measures you can control to drop your rates. Many risk factors that are responsible for high rates like accidents, careless driving, and a poor credit score can be remedied by making minor driving habit or lifestyle changes.
Second, obtain price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can provide rates from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple insurance companies.
Third, compare the new quotes to your existing coverage to see if you can save by switching companies. If you find a better price and switch companies, make sure there is no lapse in coverage.
Fourth, notify your company or agent of your intent to cancel your current car insurance policy. Submit a completed policy application and payment to the new insurer. When you receive it, put the new proof of insurance paperwork in your glove compartment.
An essential thing to point out is to use the same coverage limits and deductibles on each price quote and and to get price quotes from as many companies as you can. Doing this enables a fair price comparison and a good representation of prices.
Additional detailed information can be found in the articles below:
- Credit Impacts Car Insurance Rates (State Farm)
- Who Has Affordable Portland Auto Insurance Rates for a 20 Year Old Female? (FAQ)
- How Much is Portland Car Insurance for Young Drivers? (FAQ)
- Comprehensive Coverage (Liberty Mutual)
- Honda warning system reduces insurance claims (Insurance Institute for Highway Safety)
- Things to Know Before you Cancel Insurance (Allstate)
- Rearview cameras reduce backing crashes (Insurance Institute for Highway Safety)