For postal employees, one of the big components that are used to help calculate the amount you pay each year for auto insurance is where you live in Portland. Cities with more crime and/or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural have the gratification of cheaper auto insurance rates.
The table below sorts the priciest cities in Oregon for postal workers to purchase auto insurance in. Portland is listed at #2 costing $1,544 on average, which is about $129 monthly.
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Table data uses comparative as the specific area where the vehicle is garaged can influence coverage prices greatly.
The type of vehicle requiring coverage is a large factor when comparing quotes for cheap coverage for postal workers. Vehicles with high performance, a lack of safety features, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The information below shows insurance rates for the cheapest automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$1,388|
|Honda Accord EX-L 4-Dr Sedan||$1,469|
|Ford Escape XLS 4WD||$1,551|
|Ford Edge Limited 2WD||$1,575|
|Chevrolet Impala LT||$1,607|
|Toyota RAV4 Limited 4WD||$1,616|
|Ford F-150 Lariat Super Cab 2WD||$1,636|
|Hyundai Elantra SE 4-Dr Sedan||$1,691|
|Toyota Corolla XRS||$1,721|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,727|
|Ford Explorer XLT 4WD||$1,742|
|Ford F-350 XL Crew Cab Cabela Package 2WD||$1,752|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$1,802|
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Prices above based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Rates do not factor in specific location information which can impact auto insurance rates noticeably.
Based upon the table data, we can expect makes and models like the Honda CR-V, Honda Accord, and Ford Escape will be some of the most affordable vehicles to insure for postal employees.
Buying cheap auto insurance is confusing at best, and deciding which companies quote the best car insurance rates for postal workers will take additional perseverance. Each insurance company has their own guidelines for filing rates in each state, so let’s begin by examining the car insurance companies with the overall cheapest rates in Portland.
It’s a good idea to know that Portland, OR car insurance rates are calculated based on many things that control the policy premium. This price variability is why it is so important to spend some time comparing rates to find cheap car insurance rates for postal workers. Insurance rates are influenced by many risk factors and can change without notice, so the best option the last time you checked may now be one of the higher cost companies.
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|Rank||Company||Cost Per Year|
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Grange has some of the cheapest car insurance rates in Portland at around $708 a year. This is $770 less than the average rate paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA also rank well as some of the best Portland, OR insurance companies.
In this example, if you buy coverage from Travelers and switched to Oregon Mutual, you might achieve yearly savings of approximately $95. Drivers with USAA might save as much as $122 a year, and State Farm insureds might reduce prices by as much as $221 a year.
Be aware that those policy rates are averaged across all drivers and vehicles and and are not figured with a vehicle location for postal workers. So the car insurance company that fits your age and vehicle best may not even be in the list above. That is why you need to compare as many prices as possible using your own driver information and specific vehicle type.
Does full coverage make sense?
Finding the cheapest car insurance should be important to the majority of drivers, and one great way to buy cheap insurance for postal workers is to only buy liability insurance. The illustration below shows the difference between insurance costs with and without physical damage coverage. The rate quotes are based on no accidents or driving violations, $500 deductibles, marital status is single, and no discounts are factored in.
As an average for all age groups, comp and collision coverage costs an extra $1,509 per year more than buying just liability insurance. That touches on the question if buying full coverage is worth the expense. There is no definitive rule for phasing out comp and collision coverage, but there is a broad guideline. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most you would get paid by your company is $2,000 after paying your policy deductible. If you are currently paying more than $200 a year for physical damage coverage, then you might want to consider buying only liability coverage.
Irresponsible driving raises your rates
In a perfect world, the best way to maintain the cheapest car insurance prices in Portland for postal employees is to drive carefully and not receive tickets or have accidents. The illustration below illustrates how traffic citations and accidents can affect insurance costs for different ages of insureds. The data assumes a single female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
The data in the chart shows the average cost of an auto insurance policy per year with a clean driving record and no accidents is $1,739. Get written up for two speeding tickets and the average cost swells to $2,338, an increase of $600 each year. Now include two accidents along with the two speeding tickets and the yearly cost of car insurance for postal workers jumps again to an average of $4,462. That’s an increase of $2,723, or $227 per month, just for not driving carefully!
What is the best car insurance company in Oregon?
Finding the best car insurance company can be challenging considering how many different companies insure vehicles in Portland. The company information in the next section can help you analyze which coverage providers to look at purchasing coverage from.
These rankings are only comprised of the largest companies in the United States, so companies that focus mainly on Oregon business are not taken into consideration for the list. If you wish to compare rates from the most competitive companies in Oregon, click this link.
Top 10 Major Auto Insurers 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%
Top 10 Major Auto Insurers 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-