Unfortunately, almost 70% of insureds in Oregon have remained with the same car insurance company for four years or more, and 38% of customers have never compared rates with other companies. Consumers in the U.S. could cut their rates by up to $859 a year, but they mistakenly think it’s difficult to compare rate quotes online.
If saving money is your primary concern, then the best way to get the cheapest Toyota Prius V insurance in Portland is to annually compare prices from different companies in Oregon. This can be done by following these guidelines.
- Try to comprehend what is in your policy and the changes you can make to keep rates in check. Many rating factors that result in higher rates like speeding tickets, accidents and an unacceptable credit score can be eliminated by making lifestyle changes or driving safer.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give rate quotes from one company like GEICO or Farmers Insurance, while independent agents can give you price quotes from many different companies.
- Compare the new rate quotes to your current policy premium to see if a cheaper price is available in Portland. If you find a lower rate and change companies, make sure coverage is continuous and does not lapse.
A good tip to remember is to compare the same level of coverage on each quote and and to get price quotes from as many carriers as you can. This provides a fair price comparison and a thorough selection of prices.
Companies offering Toyota Prius V insurance in Portland
The car insurance companies shown below are our best choices to provide quotes in Oregon. To buy the best car insurance in Portland, OR, we suggest you compare several of them to get the cheapest price.
Eight Things That Determine Your Insurance Costs
Many factors are part of the equation when quoting car insurance. Some are pretty understandable like a motor vehicle report, but other factors are less apparent such as your marital status or your commute time.
Battle of the sexes – Over the last 50 years, statistics have shown that women are safer drivers than men. The data does not necessarily mean that males are worse at driving than females. Females and males are in accidents at about the same rate, but the males have accidents that have higher claims. Men also tend to receive more costly citations like reckless driving and DUI. Young men ages 16 to 20 generally have the highest accident percentage and are penalized with high insurance rates.
Only buy add-on coverages you need – There are a ton of extra bells and whistles that may not really be needed on your insurance policy. Insurance for things like personal injury protection, accident forgiveness, and motor club memberships may be costing you every month. These may sound like a good investment when deciding what coverages you need, but now you might not need them so eliminate them to save money.
Better rates with anti-theft devices – Choosing to buy a car with a theft deterrent system can save you a little every year. Theft prevention features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack all aid in stopping car theft.
When should you not file policy claims? – Companies in Oregon generally give most affordable rates to policyholders who do not file claims often. If you are the type of insured that files lots of claims you can expect either policy cancellation or increased premiums. Insurance coverage is designed for claims that you cannot pay yourself.
Limits of liability protection – Your insurance policy’s liability coverage provides coverage in the event that you are ruled to be at fault for physical damage or personal injury to other. It will provide legal defense coverage which can be incredibly expensive. This coverage is relatively inexpensive compared to other policy coverages, so drivers should make sure they buy enough to cover all assets.
Rate your vehicle for proper use – Driving more miles in a year the more you’ll pay to insure it. Almost all companies price each vehicle’s coverage partially by how you use the vehicle. Cars and trucks that do not get driven very much receive better premium rates than vehicles that are driven to work every day. An incorrectly rated Prius V is just wasting money. Double check that your vehicle rating reflects the correct usage for each vehicle.
Bump up physical damage deductibles to lower rates – Comp and collision deductibles represent how much money you are willing to pay if you file a covered claim. Protection for physical damage, also called ‘full coverage’, covers damage that occurs to your car. Some examples of claims that would be covered are colliding with a stationary object, hail damage, and damage caused by road hazards. The higher the amount the insured is willing to pay, the less your company will charge you for insurance.
Marriage discount – Being married helps lower the price on your insurance policy. It demonstrates that you tend to be more financially stable and statistics prove married drivers tend to have fewer serious accidents.
Insurance loss statistics a Toyota Prius V – Auto insurance companies factor in insurance loss information when they set coverage costs for each model. Vehicles that the statistics show to have higher claim frequency or loss amount will have a higher premium rate.
The table shown below demonstrates the insurance loss data used by companies for Toyota Prius V vehicles. For each coverage type, the statistical loss for all vehicles, regardless of make or model, is considered to be 100. Values below 100 indicate better than average losses, while values that are above 100 point to more losses or larger claims.
|Specific Toyota Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Prius V Hybrid||94||86||88||88||94||97|
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Lower-cost Portland car insurance rates with discounts
Some insurance providers don’t always publicize all discounts in an easy-to-find place, so below is a list both well-publicized and also the lesser-known ways to save on car insurance.
- Multi-Vehicle Discounts – Having primary and secondary vehicles on one policy qualifies for this discount.
- Pay Now and Pay Less – If you pay your bill all at once rather than paying monthly you could save up to 5%.
- Life Insurance Discount – Not all insurance carriers offer life insurance, but some may give you a discount if you purchase some life insurance in addition to your auto policy.
- College Student – Youth drivers who attend college more than 100 miles from Portland without a vehicle on campus may qualify for this discount.
- Professional Organizations – Joining a qualifying organization could qualify you for a break on your bill.
- Low Mileage Discounts – Driving fewer miles can earn lower premium rates due to less chance of an accident.
- Driver Education Discount – Cut your cost by having your teen driver complete a driver education course in school or through a local driver safety program.
Consumers should know that most discount credits are not given to all coverage premiums. Some only reduce individual premiums such as collision or personal injury protection. Despite the fact that it seems like all those discounts means the company will pay you, that’s just not realistic.
Companies that may have many of the previously listed discounts include:
Before purchasing a policy, check with every company which discounts they offer. A few discounts may not be available in your area.
Exclusive or independent insurance agencies
Some consumers prefer to buy from a local agent and that is a smart decision An additional benefit of comparing rate quotes online is you can get cheap rate quotes and still have a local agent.
After filling out this form (opens in new window), the coverage information is immediately sent to agents in your area that can provide free Portland car insurance quotes to get your business. It’s much easier because you don’t need to leave your computer since price quotes are sent to you directly. Get lower rates AND an agent nearby. If you want to get a comparison quote from a specific company, just visit that company’s website and fill out the quote form the provide.
Choosing the best insurer is decision based upon more than just the bottom line cost. Any agent in Portland should be willing to answer these questions.
- Does the agency have a good rating with the Better Business Bureau?
- Are they involved in claim handling?
- Do the coverages you’re quoting properly cover your vehicle?
- How would your car be valued if totaled?
- Will you be dealing directly with the agent or with a Custom Service Representative (CSR)?
- Do you need full coverage on every vehicle?
Listed below is a list of insurers in Portland that may be able to provide comparison quotes for Toyota Prius V insurance in Portland.
- Allstate Insurance: Dick Hannah Insurance Agency
12345 E Burnside St – Portland, OR 97233 – (360) 816-8439 – View Map
- Darrell Grenz Insurance Agency
5651 N Lombard St – Portland, OR 97203 – (503) 206-6736 – View Map
- Mariko Locke – State Farm Insurance Agent
5048 SE Hawthorne Blvd a – Portland, OR 97215 – (503) 232-2444 – View Map
- Gunnar Olson – State Farm Insurance Agent
107 SE Washington St Ste 143 – Portland, OR 97214 – (503) 230-0216 – View Map
Upon getting positive responses to any questions you may have and an affordable coverage quote, you may have just found an insurer that can be trusted to adequately provide auto insurance. It’s important to know that you can cancel a policy for any reason so never assume you are locked into your new company for a certain time period.
You are unique and your car insurance should be too
Always remember that when buying the right insurance coverage, there really is not a single plan that fits everyone. Every insured’s situation is different so your insurance needs to address that.
Here are some questions about coverages that may help you determine if your insurance needs would benefit from professional advice.
- Does my insurance cover damage caused when ticketed for reckless driving?
- How long can I keep a teen driver on my policy?
- Am I getting all the discounts available?
- How can I get the company to pay a claim?
- Does low annual mileage earn a discount?
- Does my insurance cover a custom paint job?
- Who is covered by my policy?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, complete this form or you can go here for a list of companies in your area.
Lower rates by being persistent
We’ve covered many ways to save on Toyota Prius V insurance in Portland. The key concept to understand is the more companies you get car insurance rates for, the better your comparison will be. You may even find the lowest rates come from the smaller companies. These smaller insurers often have lower car insurance rates on specific markets as compared to the big name companies such as Allstate or State Farm.
Budget-conscious Toyota Prius V insurance can be found both online and from local insurance agents, so you need to quote Portland car insurance with both to have the best selection. Some companies may not have price quotes online and most of the time these regional carriers work with independent agents.
For more information, feel free to visit the following helpful articles:
- Auto Insurance Learning Center (State Farm)
- Who Has the Cheapest Portland Car Insurance Quotes for Used Cars? (FAQ)
- How Much are Portland Car Insurance Quotes for Drivers with a Bad Driving Record? (FAQ)
- Who Has Cheap Portland Auto Insurance Quotes for a Ford Edge? (FAQ)
- Who Has Cheap Portland Car Insurance for 4×4 Vehicles? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Low Mileage Drivers in Portland? (FAQ)
- Understanding Your Insurance Deductible (Insurance Information Institute)
- Think You’re a Safe Driver? (State Farm)