One of the many components that help determine auto insurance rates is where you live in Portland. More densely populated places will most likely have higher rates, whereas areas that tend to be more rural benefit from lower rates.
The table below lists the most expensive cities in Oregon for young drivers to purchase a policy in. Portland ranks #2 with the yearly price of $1,544 for the average insured, which is around $129 per month.
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Annual rates are approximated as the garaging address in Portland can alter prices considerably.
The type of vehicle you are buying coverage for is one of the primary factors when trying to find low-priced car insurance for young drivers. Vehicles with limited top-end speed, a plethora of safety features, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models. The information below outlines insurance prices for a handful of the most budget-friendly automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$5,857|
|Ford Escape XLT 4WD||$5,867|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$6,440|
|Ford F-150 XLT Super Cab 2WD||$6,502|
|Ford Edge SEL AWD||$6,818|
|Chevrolet Impala LS||$6,825|
|Ford Fusion S 4-Dr Sedan||$6,881|
|Volkswagen Jetta LE 4-Dr Sedan||$6,886|
|Toyota RAV4 Sport 2WD||$6,881|
|Toyota Camry LE||$6,887|
|Ford Explorer Eddie Bauer AWD||$6,940|
|Dodge Grand Caravan SXT||$6,948|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$6,940|
|Chevrolet Silverado LS Regular Cab 2WD||$6,997|
|Ford Focus SEL 4-Dr Sedan||$7,197|
|Honda Civic LX-S 4-Dr Sedan||$7,206|
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Data assumes single male 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. Estimates do not factor in vehicle location which can raise or lower prices significantly.
Based upon the table data, you can expect models like the Honda CR-V, Ford Escape, Toyota Prius, Jeep Wrangler, and Ford F-150 should be some of the cheaper vehicles to insure for youthful drivers. Auto insurance rates will tend to be more expensive just due to the fact that there is more claim exposure for young drivers, but generally speaking those specific models will tend to have the best insurance prices available.
Careless driving habits raise Portland insurance rates
The best way to enjoy affordable insurance premiums for youthful drivers is to be an attentive driver and avoid traffic citations and accidents. The diagram below illustrates how speeding tickets and accident claims influence premium costs for different age groups. The price estimates are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,437. Get one speeding ticket and the average cost swells to $1,628, an increase of $191 each year. Now throw in one accident along with the one speeding ticket and the annual cost of insurance for young drivers increases to an average of $2,160. That’s an increase of $722, or $60 per month, just for a couple of infractions!
The information below illustrates how choosing a deductible can impact insurance rates when researching cheap insurance for young drivers. The data is based on a single female driver, comp and collision included, and no discounts are applied.
In the chart above, a 50-year-old driver could cut expenses by $354 a year by switching from a $100 deductible to a $500 deductible, or save $534 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old, could roll back prices up to $902 or more just by choosing higher deductibles. When increasing deductibles, it’s a good idea to have enough savings to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
How to find cheaper car insurance for young drivers
Lowering your rates is not difficult, and here are some of the recommended money-saving ideas that can help Portland drivers get cheaper coverage.
- Buy vehicles with good safety ratings
- Drivers with good credit often pay less
- Increase deductibles to save money
- Avoid getting tickets or violations
- Avoid preventable accidents
- Check for cheaper rates once a year
That last idea is highly crucial, as was noted in the prior information. Auto insurance prices vary greatly, so don’t hesitate to buy a policy from a new company if you can save money. Many consumers stick with the same company and that’s fine, but it’s not a good idea if that devotion results in you overpaying lots of hard earned cash every month. In less than five minutes you could shop around to find cheaper auto insurance for young drivers in Portland.
The insurance agencies listed below can aid you in deciding which policy fits your needs best, since some drivers aren’t sure which coverage they need and prefer to have a consultation when shopping for the best coverage for youthful drivers. It’s not always simple to find the cheapest rate yourself, and getting professional guidance from a licensed agent can add comfort knowing your coverage gives you adequate asset protection.
To locate an agency by location nearest to you, click the button after the list or click here to compare rates now.
- Cundari Insurance
8309 SW 22nd Ave – Portland, OR 97219 – (503) 292-0075
- GEICO Insurance Agent
8845 SW Cascade Ave Suite 110 – Beaverton, OR 97008 – (503) 924-3320
- Chad Humphrey – State Farm Insurance Agent
15160 NW Laidlaw Rd #210 – Portland, OR 97229 – (503) 992-6251
- Gustavo Soares – State Farm Insurance Agent
650 NE Holladay St Ste 1600 – Portland, OR 97232 – (503) 287-0027
- Donna Tallman – State Farm Insurance Agent
6305 SE Powell Blvd – Portland, OR 97206 – (503) 771-2579