Establishing which companies have the cheapest car insurance rates for a learners permit takes a little more effort in order to find the best price. Every car insurance company has a different process to set premium rates, so let’s rank the car insurance companies that tend to have lower prices in Oregon.
Find Cheaper Auto Insurance in Oregon
|Rank||Company||Cost Per Year|
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Grange has some of the cheapest car insurance rates in Portland at around $687 each year. This is $791 less than the average price paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA would also be considered some of the cheapest Portland, OR car insurance companies.
As illustrated above, if you currently buy coverage from Travelers and switched to Oregon Mutual, you might see a yearly savings of around $86. Policyholders with USAA may save as much as $113 a year, and State Farm insureds might lower prices by $201 a year.
Be aware that those policy rates are averages for all ages of drivers and types of vehicles and do not factor in a vehicle location for a learners permit. So the insurer that is best for you may not even be in the list above. That points out the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The vehicle you are insuring is one of the biggest factors that determines if you can find the best auto insurance for a learners permit. Vehicles with limited speed and performance, an excellent safety record, or low incidents of liability claims will cost significantly less to insure than high performance models. The table below ranks insurance premiums for a number of the cheapest automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$5,420|
|Honda CR-V LX 4WD||$5,428|
|Dodge Grand Caravan SE||$6,085|
|Volkswagen Jetta SE 2.5 Station Wagon||$6,209|
|Ford Focus SE 4-Dr Sedan||$6,377|
|Ford Edge Limited 2WD||$6,383|
|Nissan Altima 2.5 4-Dr Sedan||$6,429|
|Jeep Grand Cherokee Laredo 2WD||$6,439|
|Toyota RAV4 Limited 2WD||$6,429|
|Chevrolet Equinox LS AWD||$6,437|
|Chevrolet Malibu LS||$6,429|
|Ford Explorer Limited AWD||$6,481|
|Ford F-150 Lariat Crew Cab 4WD||$6,489|
|Toyota Corolla LE||$6,770|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$6,777|
|Hyundai Elantra GLS 4-Dr Sedan||$6,770|
|Chevrolet Impala LTZ||$6,780|
|Toyota Camry XLE||$6,770|
|Toyota Tacoma X-Runner 2WD||$6,780|
|Honda Odyssey EX-L||$6,770|
|GMC Sierra 3500HD SLT Extended Cab 2WD||$6,877|
|Kia Optima LX||$6,962|
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Data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in specific location information which can decrease or increase rates significantly.
Based upon the rates shown, we can expect makes and models like the Ford Escape, Honda CR-V, Toyota Prius, and Dodge Grand Caravan are likely to be a few of the less-costly vehicles to insure for new drivers. The price for an auto insurance policy will tend to be more expensive anyway because there is more liability exposure for a learners permit, but in general those particular vehicles will most likely have the cheapest rates available.
One of the many criteria that help determine the amount you pay each year for auto insurance is your address. Regions with larger populations or more claims are more likely to have higher rates, whereas areas that tend to be more rural have the luxury of lower rates.
The information below sorts the most expensive areas in Oregon for a learners permit in which to buy car insurance. Portland is ranked at #2 with a yearly premium of $1,529 for coverage, which is about $127 each month.
|Rank||City||Average Per Year|
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Premium costs are estimated as specific Portland garaging address can modify coverage rates substantially.
Discounts on Portland car insurance rates
Insurance providers that offer coverage for a learners permit may also offer special discounts that can reduce rates by as much as 35% if you meet eligibility requirements. Large car insurance companies and a selection of discounts can be found below.
- 21st Century policyholders can earn discounts including homeowners, driver training, good student, 55 and older, and teen driver.
- State Farm offers discounts for multiple autos, passive restraint, accident-free, Steer Clear safe driver discount, student away at school, anti-theft, and Drive Safe & Save.
- AAA may have discounts that include good driver, anti-theft, multi-policy, education and occupation, and good student.
- Liberty Mutual may offer discounts for new graduate, safety features, good student, exclusive group savings, new vehicle discount, and newly married.
- Progressive has discounts for online signing, multi-policy, continuous coverage, multi-vehicle, and online quote discount.
The example below illustrates the difference between insurance rates with and without some available policy discounts. The prices are based on a female driver, no violations or claims, Oregon state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with continuous coverage, paid-in-full, vehicle safety, anti-theft, paperless filing, and good student discounts applied. When discounts are factored in, theaverage amount saved on car insurance for a learners permit is 28% or $608.
Cost comparison with and without full coverage
Lowering the price of car insurance is probably important to the majority of people, and one common way to save on the cost of insurance for a learners permit is to not pay for full coverage. The illustration below shows the comparison of insurance costs with full physical damage coverage and with liability coverage only. The costs are based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Averaged out for all age groups, full coverage costs $2,284 per year over having just liability coverage. At some point, about every driver wonders if buying full coverage is a waste of money. There is no specific rule to stop buying physical damage coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.
The information below demonstrates how choosing different deductibles can raise or lower premium costs when searching for cheap insurance for a learners permit. The data is based on a married female driver, full physical damage coverage, and no discounts are factored in.
In the chart above, a 50-year-old driver could lower their car insurance rates by $218 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $330 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could reduce their rates up to $542 each year just by using higher deductibles. If you do raise deductibles, it is important to have additional funds squirreled away to enable you to pay the extra out-of-pocket expense that is associated with using high deductibles.