It's hard to avoid all the catchy commercials from car insurance companies like Progressive, Nationwide, and Liberty Mutual promising huge savings. So you just need to pick the company with the catchiest ad, right?
Unfortunately, it's not that simple as there are a ton of unknown aspects like if you are a good driver, your credit rating, whether you are single or married, and if you own your own home, that all help calculate your car insurance rates. This article will cover the best ways to save money and will hopefully give the reader a good beginning to your quest for cheaper car insurance.
The vehicle model that needs insurance is probably the most important factor when trying to find affordable auto insurance for good drivers. Vehicles with lots of speed or power, a lack of advanced safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer, lower-performance models.
The table below ranks auto insurance prices for the most cost-effective automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,374|
|Hyundai Elantra GLS Touring Station Wagon||$1,504|
|Honda CR-V EX-L 2WD||$1,596|
|Toyota RAV4 Limited 4WD||$1,631|
|Ford Edge SE 2WD||$1,649|
|Honda Odyssey EX||$1,747|
|Volkswagen Jetta SE 4-Dr Sedan||$1,750|
|Chevrolet Equinox LT 2WD||$1,781|
|Honda Civic DX 4-Dr Sedan||$1,795|
|Chevrolet Impala LS||$1,803|
|Chevrolet Malibu LT||$1,818|
|Ford F-150 FX4 4WD||$1,827|
|Nissan Rogue SL AWD||$1,834|
|Dodge Grand Caravan Hero||$1,844|
|Jeep Grand Cherokee Laredo 4WD||$1,834|
|Toyota Camry LE||$1,844|
|GMC Sierra Denali Crew Cab 4WD||$1,869|
|Toyota Tacoma Double Cab 4WD||$1,876|
|Ford Explorer Eddie Bauer AWD||$1,884|
|Ford Focus SES 4-Dr Sedan||$1,879|
|Dodge Ram 2500 Crew Cab ST 4WD||$1,895|
|Dodge Ram Crew Cab TRX 4WD||$1,902|
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Rate information does not factor in specific garaging location which can change auto insurance rates greatly.
Looking at the numbers, makes and models like the Ford Escape, Hyundai Elantra, Honda CR-V, Toyota RAV4, and Ford Edge are most likely to be a few of the most budget-friendly vehicles to insure for safe drivers.
For safe drivers, one of the more important things that are looked at to help calculate auto insurance rates is where you live. Cities with larger populations tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The following table shows the priciest cities in Oregon for good drivers to purchase auto insurance in. Portland makes the list at #2 with the yearly price of $1,544 for the average insured, which is around $129 monthly.
|Rank||City||Premium Per Year|
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Rate quotes are comparative as the specific zip code location can decrease or increase premiums greatly.
Finding out which companies quote the lowest-priced insurance rates for good drivers will take a tad more effort in order to find a policy that fits your budget. Each company uses their own method for determining rates, so let's look at the rankings for the lowest cost insurance companies in Portland, OR.
It's a good idea to know that Oregon insurance rates are determined by lots of factors that can increase the cost of coverage. Simply turning a year older, marrying your spouse, or getting a few speeding tickets may cause policy rate changes that may make certain companies more affordable than before.
Compare Cheap Insurance Quotes for Good Drivers
|Rank||Company||Cost Per Year|
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Grange may have some of the best car insurance rates in Portland at around $694 a year. This is $784 less than the average rate paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are also some of the more affordable Portland, OR auto insurance companies.
As depicted above, if you are a customer of Travelers and switched to Grange, you could earn a yearly price reduction of approximately $230. Policyholders with USAA may save as much as $247 a year, and State Farm policyholders might see rate reductions of $346 a year.
To get a quick, customized rate comparison, click here to begin a quote or click several companies below for low rates.
Be aware that those premium estimates are averaged for all types of insureds and vehicles and do not take into consideration an exact vehicle garaging location for good drivers. So the auto insurance company that can offer the best rates for your situation may not even be in the top 22 companies in the list above. That point stresses why you need to compare as many prices as possible using your own specific driver information and vehicle.
Reckless driving habits raise Portland insurance rates
The easiest method to snag good insurance prices in Portland for safe drivers is to drive carefully and not get tickets or have accidents. The diagram below highlights how traffic violations and at-fault collisions can influence insurance costs for each age group. The rate quotes are based on a married female driver, comp and collision included, $500 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Oregon per year with a clean driving record and no accidents is $1,272. Factor in one speeding ticket and the average cost rises to $1,481, an increase of $209 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of insurance for good drivers jumps again to an average of $2,065. That's an increase of $793, or $66 per month, just for not maintaining a clean driving record!
The diagram below shows how choosing a deductible can impact insurance prices when getting quotes for cheap insurance for good drivers. The information is based on a married female driver, comp and collision included, and no other discounts are factored in.
The data above shows that a 30-year-old driver could reduce rates by $304 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $458 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old category, could shave as much as $648 annually by choosing larger deductibles on their policy. When insureds make the decision to increase the deductibles on their policy, it is essential to have additional funds squirreled away to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Why it's important to shop around
Portland, OR insurance rates are influenced by many factors that can increase the price you pay for coverage. Simply improving your credit, becoming a homeowner, or getting into an accident can trigger changes in premium resulting in some companies being more affordable than before.
Not only may your risk profile change, but car insurance companies amend pricing as needed in order to offset underwriting gains or losses. Higher than usual claims may cause high rates, while lower claims may cause lower-cost Portland car insurance rates.
The chart below shows rates for the cheapest car insurance in Portland, OR for a 40-year-old female driver with a good driving record, no prior claims, and good financial standing. If we compare prices based on her current situation, Grange may offer the cheapest car insurance rates in Portland at $908 annually. 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 next chart shows rates after we give the driver in the first chart a chargeable claim, slightly worse credit, and a stop sign violation. Since each insurance company uses a different method for setting rates, comparing insurance quotes will most likely result in a different ranking of the cheapest car insurance companies in Portland as shown below.
GEICO now has the best auto insurance rate in Portland, OR with Oregon Mutual, Country, Amica, and Mutual Enumclaw also having competitive pricing. This shows why it is important to shop around when trying to get the most affordable auto insurance rates for good drivers. Insurance rates are influenced by many different factors and can change substantially, so the best option when you bought your policy may now cost much more than other companies.
The agents below can help you make a decision which coverage fits your budget, since some drivers wish to get help from a professional when buying car insurance for safe drivers. It can be challenging to find the cheapest rates, and professional agents can give you satisfaction knowing your coverage gives you decent coverage if you have a claim. To find an agent by location nearest to you, click the button link following the list.
American Family Insurance - Lee Cannon
8085 SE 16th Ave - Portland, OR 97202 - (503) 235-1545
H.Q. La - State Farm Insurance Agent
1827 NE 44th Ave #110 - Portland, OR 97213 - (503) 236-3776
510 SW 5th Ave #701 - Portland, OR 97204 - (503) 251-2255