Unbelievable but true according to a study a large majority of consumers kept their coverage with the same car insurance company for at least four years, and just short of a majority have never compared car insurance rates at all. U.S. consumers could cut their rates by up to 47% a year by just comparing quotes, but they won’t spend time to compare rate quotes online.
Really, the only way to get low-cost auto insurance rates in Portland is to compare prices once a year from different companies in Oregon. This can be done by following these steps.
- Spend a few minutes and learn about auto insurance and the modifications you can make to keep rates in check. Many rating factors that drive up the price like traffic citations and a negative credit score can be improved by making minor changes to your lifestyle. Continue reading for additional ideas to get cheaper coverage and find discounts that you may qualify for.
- Compare prices from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give prices from a single company like GEICO and Allstate, while agents who are independent can quote rates from multiple sources.
- Compare the new rates to the premium of your current policy to see if you can save by switching companies. If you can save some money, ensure coverage does not lapse between policies.
- Notify your current company of your decision to cancel your current policy. Submit payment along with a signed and completed policy application to your new carrier. Be sure to store the proof of insurance certificate in a readily accessible location in your vehicle.
One important bit of advice is to use similar coverage information on every quote and and to look at as many car insurance companies as possible. Doing this guarantees a level playing field and many rates to choose from.
Car insurance discounts are available for cheaper rates
Companies that sell car insurance do not list their entire list of discounts very clearly, so the list below contains some of the best known and also the more inconspicuous discounts that you can inquire about if you buy Portland auto insurance online.
- Passive Restraints – Vehicles with factory air bags can receive discounts as much as 30%.
- Discounts for Federal Employees – Active or retired federal employment can earn a discount up to 10% depending on your company.
- Cautious Driver Discounts – Insureds without accidents can save up to 40% or more on their Portland auto insurance quote as compared to drivers with claims.
- Student in College – Youth drivers who attend college more than 100 miles from Portland and leave their car at home may qualify for this discount.
- Low Miles Discount – Driving fewer miles could earn lower prices on the low mileage vehicles.
- Renewal Discounts – Select insurance companies give a discount for buying a new policy before your current expiration date. You can save around 10% with this discount.
A little disclaimer on discounts, many deductions do not apply to your bottom line cost. Some only apply to the cost of specific coverages such as medical payments or collision. Just because it seems like you could get a free car insurance policy, companies don’t profit that way.
The information below illustrates the difference between Toyota Camry Hybrid insurance prices with and without discounts applied to the premium. The information is based on a female driver, no claims or driving citations, Oregon state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-car, homeowner, multi-policy, and safe-driver discounts applied.
A few companies that have most of these discounts include:
When getting free Portland auto insurance quotes, it’s a good idea to each insurance company which discounts they offer. Depending on the company, some discounts may not be available everywhere. For a list of insurers offering car insurance discounts in Portland, click this link.
Finding Toyota Camry Hybrid insurance in Portland, Oregon
The companies shown below are ready to provide price quotes in Portland, OR. If you wish to find cheap auto insurance in Portland, we suggest you visit two to three different companies in order to get a fair rate comparison.
Insurance coverage details
The coverage information shown next outlines different coverage costs for Toyota Camry Hybrid models. Learning how prices are formulated can help customers make smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $206 | $364 | $372 | $22 | $112 | $1,076 | $90 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rates do not factor in vehicle location which can decrease or increase premiums substantially.
Policy deductible comparison
When buying car insurance, a common question is how high or low should comp and collision deductibles be. The comparison tables below help summarize the differences in price when you choose different physical damage deductibles. The first data table uses a $250 deductible and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $278 | $490 | $362 | $22 | $108 | $1,285 | $107 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Camry Hybrid | $226 | $396 | $362 | $22 | $108 | $1,114 | $93 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in Portland location which can lower or raise insurance rates noticeably.
Based on this data, we can arrive at the conclusion that using a $250 deductible costs approximately $14 more each month or $168 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you average at least 18 months between claims, you would probably save some money going with the higher deductible.
The information below highlights how deductible selection and can influence Toyota Camry Hybrid insurance costs for different categories of driver ages. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
Toyota Camry Hybrid insurance costs by age and gender
The illustration below illustrates the difference between Toyota Camry Hybrid annual premium costs for male and female drivers. The data is based on a clean driving record, no claims, full physical damage coverage, $1,000 deductibles, marital status is single, and no policy discounts are applied.
Liability only or full coverage
The information below compares Toyota Camry Hybrid insurance costs with full coverage and liability only. The rates are based on a clean driving record, no claims, $500 deductibles, single status, and no other discounts are factored in.
Should you pay for full coverage?
There is no clear-cut rule for eliminating physical damage coverage on your policy, but there is a general convention. If the yearly cost of full coverage is 10% or more of any settlement you would receive from your insurance company, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Toyota Camry Hybrid replacement cost is $3,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most your company will settle for is $2,000 after you pay the deductible. If premiums are more than $200 a year to have full coverage, then it may be the right time to buy liability only.
There are a few situations where eliminating full coverage is not recommended. If you haven’t paid off your loan, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Smart Choices Result in Lower Insurance Rates
An important part of buying insurance is that you know some of the factors that are used to determine your premiums. When you know what positively or negatively determines base rates, this allows you to make good choices that could help you find better insurance rates.
- Keep rates low by being claim-free – Companies in Oregon generally give discounts to policyholders who do not rely on their insurance for small claims. If you are a frequent claim filer, you can definitely plan on higher rates. Your car insurance is intended for major claims that would cause financial hardship.
- Pay less if you’re married – Your spouse can get you a discount when buying insurance. Marriage is viewed as being more stable financially and insurance companies reward insureds because married drivers get in fewer accidents.
- Gaps in coverage mean higher prices – Driving your car without having proper coverage is a big no-no and insurance companies will penalize you for letting your insurance expire. And not only will your rates increase, getting caught without coverage may result in a fine, jail time, or a revoked license.
- Your address can push rates up or down – Choosing to live in areas with lower population is a good thing when insuring your vehicles. People who live in big cities have to deal with more auto accidents and more severe claims. Fewer drivers means less chance of accidents and lower theft and vandalism rates.
- Rental and towing coverage may not be needed – There are many optional add-on coverages that you can buy on your Camry Hybrid policy. Insurance for rental car coverage, accidental death, and membership fees are examples of these. They may seem good when you first buy your policy, but if you have no use for them eliminate the coverages to reduce your premium.
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The type of car makes a difference – The make and model of the vehicle you own makes a substantial difference in determining your rates. The best insurance prices are usually for economy passenger models, but many other things help determine your insurance rates.
The data below is based on a single male driver age 50, full coverage with $500 deductibles, and no discounts or violations. It compares Toyota Camry Hybrid car insurance rates compared to other models that have different risk factors.
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Toyota Camry Hybrid insurance claim data – Insurance companies analyze past claim statistics when setting premium prices. Models that tend to have a higher amount or frequency of claims will have a higher premium rate. The table shown below demonstrates the historical insurance loss data for Toyota Camry Hybrid vehicles.
For each insurance policy coverage type, the statistical loss for all vehicles averaged together is set at 100. Values that are 100 or less mean the vehicle has better than average losses, while percentage values above 100 indicate more frequent losses or a tendency for losses to be larger than average.
Toyota Camry Hybrid Insurance Claim Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Camry Hybrid 124 100 110 118 127 96 BETTERAVERAGEWORSEStatistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Special considerations
When it comes to proper insurance coverage for your personal vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique.
These are some specific questions can aid in determining if you may require specific advice.
- What if I owe more than I can insure my car for?
- Do I need rental car coverage?
- What if a claim settlement is too low?
- Do I need replacement cost coverage?
- Is my dog or cat covered if injured in an accident?
- What is an umbrella policy?
- Can I afford to pay high deductible claims out of pocket?
If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. If you don’t have a local agent, simply complete this short form. It is quick, free and can help protect your family.
When should I get advice from an insurance agency?
Some consumers would rather sit down with an agent and often times that is recommended Licensed agents are very good at helping people manage risk and help in the event of a claim. A good thing about price shopping on the web is you may find the lowest rates and still have a local agent. And supporting local agencies is definitely important in Portland.
To help locate an agent, after submitting this short form, your insurance data is transmitted to agents in your area that can give you free Portland auto insurance quotes to get your business. You don’t have to contact any agents due to the fact that quote results will go to the email address you provide. If you need to quote rates from a specific company, don’t hesitate to search and find their rate quote page and submit a quote form there.
If you are wanting to find a good Portland insurance agent, there are a couple of different agency structures and how they are slightly different. Insurance agencies in Portland may be either exclusive or independent. Both can handle auto insurance, but it’s important to point out the difference between them because it can influence the selection process.
Independent Agents
Independent agents are normally appointed by many insurers so they can quote policies with multiple insurance companies and potentially find a lower price. If your premiums go up, they simply move your policy to a different company and the insured can keep the same agent.
If you are comparing auto insurance prices, you need to compare prices from a few independent agents for the best price selection. Most can insure with lesser-known insurance companies which may provide better rates.
Shown below is a small list of independent agencies in Portland that can possibly get you price quote information.
- Peninsula Insurance
12700 NW Cornell Rd – Portland, OR 97229 – (503) 644-5333 – View Map - Wix Insurance Agency
8037 SE Stark St – Portland, OR 97215 – (503) 760-6826 – View Map - Cundari Insurance
8309 SW 22nd Ave – Portland, OR 97219 – (503) 292-0075 – View Map
Exclusive Agents
Agents of this type normally can only provide a single company’s rates such as Allstate, State Farm and Farm Bureau. They usually cannot place coverage with different providers so keep that in mind. Exclusive agents are trained well in insurance sales which helps them sell insurance even at higher premiums. A lot of people use the same agent mostly because of the prominent brand name rather than low price.
Below are Portland exclusive insurance agencies that can give you price quote information.
- State Farm: Jared Dean
101 SW Main St #915 – Portland, OR 97204 – (503) 222-6601 – View Map - Allstate Insurance: Damian Gobel
1511 SE 122nd Ave – Portland, OR 97233 – (503) 255-3490 – View Map - Pete Zavos – State Farm Insurance Agent
8305 SE Monterey Ave #102 – Portland, OR 97086 – (503) 653-6392 – View Map
Finding a good insurance agency needs to be determined by more than just the price. These are some valid questions you should ask.
- Where would glass claims be handled in Portland?
- What kind of financial rating does the company have?
- Do they make recommendations based only on price?
- How long have they been in business?
- Is the agency active in community causes in Portland?
- Which insurance company do they prefer to write with?
- Will they take your side in the event of a claim?
- If independent agents, which companies do they recommend?
After receiving good responses as well as an affordable premium quote, you’ve probably found an insurance agency that is reputable and can provide auto insurance coverage.
Three reasons auto insurance is important
Even though Portland Camry Hybrid insurance rates can get expensive, auto insurance may not be optional for several reasons.
- Almost all states have mandatory insurance requirements which means it is punishable by state law to not carry specific minimum amounts of liability protection in order to get the vehicle licensed. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you have a lien on your Camry Hybrid, almost every bank will have a requirement that you buy full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank may buy a policy for your Toyota for a much higher rate and require you to fork over much more than you were paying before.
- Auto insurance preserves both your vehicle and your assets. It will also reimburse you for all forms of medical expenses for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, also pays for attorney fees and expenses if you are sued as the result of an accident. If your car is damaged in a storm or accident, your auto insurance policy will pay all costs to repair after the deductible has been paid.
The benefits of carrying adequate insurance outweigh the cost, especially if you ever need it. On average, a vehicle owner in Portland is overpaying more than $865 each year so you should quote and compare rates at every renewal to be sure current rates are still competitive.
Compare but don’t skimp
When buying insurance coverage, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice uninsured motorist or liability limits only to discover later that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to find the BEST coverage at an affordable rate, not the least amount of coverage.
Consumers change insurance companies for any number of reasons including delays in paying claims, extreme rates for teen drivers, high prices and even policy non-renewal. No matter why you want to switch, finding the right insurance provider is pretty easy and you might even save some money in the process.
In this article, we presented quite a bit of information on how to find cheap Toyota Camry Hybrid insurance in Portland. It’s most important to understand that the more price quotes you have, the better your comparison will be. Drivers may even discover the best price on insurance is with a smaller regional carrier.
Even more information is located at these sites:
- Shopping for a Safe Car (Insurance Information Institute)
- What Auto Insurance is Cheapest for a GMC Sierra in Portland? (FAQ)
- What Car Insurance is Cheapest for a Nissan Sentra in Portland? (FAQ)
- Understanding Limits and Deductibles (Allstate)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Insurance Losses by Make and Model (iihs.org)
- Tools for Teen Driving Safety (State Farm)