If you want to save money, the best way to get budget Tesla Model S insurance is to compare prices at least once a year from insurance carriers who provide car insurance in Portland.
- Gain an understanding of how your policy works and the measures you can take to prevent expensive coverage. Many risk factors that drive up the price such as traffic citations and a not-so-good credit rating can be improved by making minor changes to your lifestyle. This article provides more details to get cheaper coverage and get bigger discounts.
- Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from one company like Progressive or Farmers Insurance, while independent agencies can provide prices for a wide range of insurance providers. View rates
- Compare the quotes to your current policy and determine if there is any savings. If you find better rates and make a switch, make sure coverage does not lapse between policies.
- Tell your current company of your intention to cancel your existing policy. Submit a signed application and payment to your new insurance company. Once the application is submitted, store the certificate of insurance in a readily accessible location in your vehicle.
A valuable tip to remember is to use identical coverages on every quote and to quote with as many companies as you can. This helps ensure a level playing field and the best price selection.
Unbelievably, almost 70% of drivers have remained with the same auto insurance company for well over three years, and just under half have never even shopped around for affordable coverage. Most drivers in Portland could pocket 60% a year, but they don’t understand how simple it is to compare rates and save money.
If you currently have car insurance, you will most likely be able to find the best rates using these methods. Locating the most cost-effective car insurance policy in Portland can be much easier if you know how to start. Nevertheless, Oregon vehicle owners must learn the way companies calculate their prices and use it to find better rates.
Companies offering Tesla Model S insurance in Oregon
The companies shown below are ready to provide free rate quotes in Portland, OR. To buy the best cheap car insurance in Oregon, we suggest you visit several of them to get the lowest price.
What Affects Tesla Model S Insurance Prices?
It’s important that you understand the rating factors that help calculate the rates you pay for car insurance. If you have a feel for what impacts premium levels, this enables informed choices that may reward you with big savings. Lots of factors are part of the equation when you get your auto insurance bill. Most are fairly basic such as your driving history, although others are more obscure such as your marital status or your commute time.
Little extras can really add up – Policies have additional extra coverages that can add up on your car insurance policy. Coverage for things like roadside assistance, accidental death, and term life insurance may not be needed and are just wasting money. These coverages may sound good when buying your policy, but your needs may have changed so remove them from your policy.
Premiums impacted by vehicle usage – The more you drive in a year the higher your rates will be. A lot of insurance companies calculate prices partially by how you use the vehicle. Cars that do not get driven very much receive better premium rates compared to those used for work or business. An improperly rated Model S may be costing you. Ask your agent if your declarations sheet reflects the correct usage.
Alarm systems save money – Selecting a car model with a theft deterrent system can help bring down rates. Anti-theft devices like vehicle immobilizer systems, General Motors OnStar and LoJack tracking systems all help stop vehicle theft.
Safer vehicles save money – Cars with high safety ratings are cheaper to insure. Safer cars reduce the chance of injuries and fewer injuries means less claims paid which can result in lower premiums. If the Tesla Model S earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may pay a lower rate.
Multi-policy discounts can save money – Most larger insurance companies allow lower prices to clients who have multiple policies with them. It’s known as a multi-policy discount. Discounts can be ten percent or more. If you currently are using one company, it’s still a good idea to compare Tesla Model S rates in Portland to confirm you are receiving the best rates possible. Consumers may find better rates by buying insurance from more than one company.
Teenage vs. mature drivers – More experienced drivers are more cautious drivers, tend to file fewer claims, and tend to be get fewer driving tickets. Youthful drivers have a tendency to get distracted easily in a vehicle so they pay higher car insurance rates.
File policy claims and pay more – If you’re an insured who likes to file claims you can look forward to much higher rates or policy non-renewal. Insurance companies in Oregon provide cheaper rates to people who are not frequent claim filers. Your car insurance is meant to be used in the event of claims that pose a financial burden.
Where you live can affect rates – Living in a rural area is a positive aspect when talking about car insurance. Lower population translates into fewer accident claims in addition to fewer liability claims. Urban drivers have to deal with more road rage incidents and more time behind the wheel. The longer drive time means higher likelihood of an accident.
Insurance loss probability for a Tesla Model S – Companies include the past claim history for a vehicle to help set a rate to offset losses. Vehicles that historically have higher loss trends will have higher rates.
The table below demonstrates the historical insurance loss data for Tesla Model S vehicles. For each coverage category, the loss probability for all vehicles compiled together is equal to 100. Percentages below 100 suggest losses that are better than average, while numbers above 100 indicate frequent claims or a tendency for claims to be larger.
| Specific Tesla Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Tesla Model S 4dr Electric 2WD | 324 | 116 | 208 | 39 | 46 | 104 |
| Tesla Model S 4dr Electric 4WD | 333 |
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
These discounts can lower your car insurance quotes
Not too many consumers would say car insurance is affordable, but there could be significant discounts that you may not even know about. Most are applied when you complete an application, but once in a while a discount must be requested specifically before they will apply.
- Mature Driver Discount – Mature drivers can possibly qualify for a small decrease in premiums.
- Theft Prevention System – Vehicles optioned with advanced anti-theft systems prevent vehicle theft and that can save you a little bit as well.
- ABS and Traction Control Discounts – Anti-lock brake equipped vehicles are safer to drive and will save you 10% or more on Model S insurance in Portland.
- Active Service Discounts – Having a deployed family member may lower your prices slightly.
- Low Mileage Discounts – Low mileage vehicles could be rewarded with cheaper prices.
- Drive Safe and Save – Drivers who don’t get into accidents can get discounts for up to 45% lower rates compared to accident prone drivers.
- Paperless Signup – A few larger online companies give back up to $50 for completing your application online.
- Claim-Free Discount – Claim-free drivers get the best car insurance rates compared to drivers with a long claim history.
You can save money using discounts, but most of the big mark downs will not be given to the entire cost. Most only cut specific coverage prices like medical payments or collision. Even though the math looks like you would end up receiving a 100% discount, that’s just not realistic.
A few of the larger companies and some of the discounts are outlined below.
- AAA offers premium reductions for education and occupation, multi-policy, good driver, pay-in-full, AAA membership discount, multi-car, and good student.
- Progressive policyholders can earn discounts including continuous coverage, online quote discount, multi-policy, online signing, good student, multi-vehicle, and homeowner.
- State Farm has discounts for defensive driving training, multiple autos, accident-free, passive restraint, and Drive Safe & Save.
- Esurance has savings for Switch & Save, anti-lock brakes, paid-in-full, anti-theft, and defensive driver.
- Nationwide discounts include family plan, Farm Bureau membership, defensive driving, anti-theft, and business or organization.
When getting a coverage quote, ask all companies you are considering which discounts can lower your rates. Some of the earlier mentioned discounts might not be offered on policies in Portland. To see providers with discount car insurance rates in Oregon, click here.
Local neighborhood Portland car insurance agents
Many drivers would rather have an agent’s advice and that is recommended in a lot of cases The biggest benefit of getting online price quotes is that you can find cheap car insurance quotes but also keep your business local. And providing support for neighborhood agents is important particularly in Portland.
To make it easy to find an agent, after completing this form (opens in new window), your coverage information is instantly submitted to participating agents in Portland that provide free Portland car insurance quotes for your business. You won’t need to search for an agent as quotes are delivered to your email. You’ll get the best rates without having to waste a lot of time. If you want to get a comparison quote from a specific company, feel free to search and find their rate quote page and submit a quote form there.
If you are wanting to purchase car insurance from a good insurance agency, you must know there are a couple types of agencies from which to choose. Car insurance agents in Portland are considered either exclusive or independent.
Independent Car Insurance Agencies or Brokers
Agents that elect to be independent are not employed by any specific company so they have the ability to put coverage with many different companies and find you the best rates. To transfer your coverage to a different company, your agent can just switch to a different company and that require little work on your part. When comparing car insurance prices, you definitely need to get quotes from multiple independent agents to maximize your price options.
The following is a small list of independent insurance agents in Portland who may provide free car insurance quotes.
Darrell Grenz Insurance Agency
5651 N Lombard St – Portland, OR 97203 – (503) 206-6736 – View Map
Elliott, Powell, Baden and Baker Inc
1521 SW Salmon St – Portland, OR 97205 – (503) 227-1771 – View Map
Fournier Group
510 SW 5th Ave #701 – Portland, OR 97204 – (503) 251-2255 – View Map
Exclusive Car Insurance Agents
Exclusive agents can usually just insure with one company like AAA, Allstate, State Farm, or Farmers Insurance. Exclusive agencies are unable to compare rates from other companies so it’s a take it or leave it situation. They are well trained in insurance sales and that enables them to sell even at higher rates.
The following is a list of exclusive insurance agents in Portland who can help you get rate quotes.
Chad Humphrey – State Farm Insurance Agent
15160 NW Laidlaw Rd #210 – Portland, OR 97229 – (503) 992-6251 – View Map
Allstate Insurance: Damian Gobel
1511 SE 122nd Ave – Portland, OR 97233 – (503) 255-3490 – View Map
Gunnar Olson – State Farm Insurance Agent
107 SE Washington St Ste 143 – Portland, OR 97214 – (503) 230-0216 – View Map
Choosing the best insurance agent should depend on more than just the price. A good agent in Portland will have answers to these questions.
- Does the company have a solid financial rating?
- Will one accident increase rates?
- Are they actively involved in the community?
- Do they review policy coverages at every renewal?
- Can you choose the body shop in case repairs are needed?
- Is the agent CPCU or CIC certified?
- How much training do they have in personal risk management?
Insurance agents can help
When it comes to buying a policy for your vehicles, there really is no one-size-fits-all type of policy. You are unique.
Here are some questions about coverages that might help in determining whether or not you could use an agent’s help.
- Can my babysitter drive my car?
- What does PIP insurance cover?
- Is extra glass coverage worth it?
- Is my Tesla Model S covered if I use it for business?
- What is the premium to book value ratio for dropping full coverage?
- Is my custom stereo system covered?
- What if I owe more than I can insure my car for?
- Does low annual mileage earn a discount?
- Why does it cost so much to insure a teen driver in Portland?
If you’re not sure about those questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find an agent in your area, take a second and complete this form.
A conclusion for your car insurance search
Insureds who switch companies do it for a number of reasons such as not issuing a premium refund, unfair underwriting practices, delays in responding to claim requests and even questionable increases in premium. Regardless of your reason for switching companies, finding a new car insurance company is easier than you think.
In this article, we covered a lot of information how to save on Tesla Model S insurance in Portland. It’s most important to understand that the more you quote Portland car insurance, the better your chances of lowering your premium rates. You may even find the best price on car insurance is with an unexpected company.
Cheap Tesla Model S insurance in Portland can be sourced both online and also from your neighborhood Portland agents, and you need to price shop both in order to have the best price selection to choose from. Some insurance providers don’t offer online price quotes and usually these small, regional companies work with local independent agents.
Even more information is available at these sites:
- Red Light Cameras (State Farm)
- What Car Insurance is Cheapest for a Ford F-150 in Portland? (FAQ)
- Airbag FAQ (iihs.org)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)
- Get the Right Protection (InsureUonline.org)
- Anti-Lock Brake FAQ (iihs.org)