It’s hard to miss the captivating ads from car insurance companies like Liberty Mutual, Nationwide, and GEICO that say if you switch you’ll get big savings. So drivers should just choose the one with the most memorable commercial, right?
It’s not that easy, however, as there are many unknown elements like if you have ever had a gap in coverage, the neighborhood you live in, if you just need liability coverage, and how experienced of a driver you are, that all go into determining the rate you pay. The information below will cover some of these factors and hopefully give you enough understanding to have a good start to your coverage search.
Finding cheap insurance is not easy, and deciding which companies have the best insurance rates for high mileage drivers involves more quotes for comparison. Each auto insurer uses their own method to set their prices, so we’ll take a look at the lowest cost insurance companies in Portland, OR.
Lowest Insurance Price Quotes in Oregon
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $708 |
| 2 | Country | $822 |
| 3 | Oregon Mutual | $853 |
| 4 | USAA | $950 |
| 5 | Travelers | $952 |
| 6 | State Farm | $1,029 |
| 7 | GEICO | $1,144 |
| 8 | Amica | $1,171 |
| 9 | Mutual Enumclaw | $1,176 |
| 10 | Allied | $1,179 |
| 11 | California Casualty | $1,218 |
| 12 | Progressive | $1,235 |
| 13 | 21st Century | $1,310 |
| 14 | MetLife | $1,340 |
| 15 | American Family | $1,416 |
| 16 | Encompass | $1,606 |
| 17 | Allstate | $1,654 |
| 18 | Farmers | $2,013 |
| 19 | Safeco | $2,238 |
| 20 | Liberty Mutual | $2,458 |
| Find Cheaper Rates Go | ||
Grange offers some of the best car insurance rates in Portland at around $708 a year. Country, Oregon Mutual, USAA, and Travelers would also be considered some of the cheapest Portland, OR auto insurance companies.
In this example, if you buy coverage from USAA and switched to Grange, you could realize yearly savings of in the neighborhood of $242. Policyholders with Travelers might save as much as $244 a year, and State Farm customers might reduce prices by as much as $321 a year.
To see how much you can save, click here or visit any of the companies below.
Remember that these estimates are averaged for all drivers and vehicles in Oregon and and are not calculated with a specific location for high mileage drivers. So the company that fits your situation best may not even be in the top 22 companies in the list above. That illustrates why you need to get car insurance quotes using your own specific driver information and vehicle.
The car, truck, or SUV you are seeking coverage for is one of the largest considerations in finding the lowest-priced auto insurance for high mileage drivers. Vehicles with economical engines, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models. The next list presents coverage premiums for the most affordable vehicles to insure in Oregon.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Toyota Prius | $1,499 |
| Ford Focus SE 4-Dr Sedan | $1,575 |
| Volkswagen Jetta S 4-Dr Sedan | $1,607 |
| Dodge Grand Caravan Hero | $1,615 |
| Hyundai Elantra GLS Touring Station Wagon | $1,662 |
| Ford Escape Limited 4WD | $1,681 |
| Toyota Camry XLE | $1,691 |
| Honda CR-V EX 4WD | $1,702 |
| Nissan Rogue S AWD | $1,721 |
| GMC Sierra SLE Crew Cab 4WD | $1,728 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $1,752 |
| Ford Edge Limited 2WD | $1,802 |
| Hyundai Sonata SE 4-Dr Sedan | $1,805 |
| Toyota Camry Hybrid | $1,834 |
| Toyota RAV4 Sport 4WD | $1,837 |
| Chevrolet Malibu Hybrid | $1,843 |
| Ford Explorer XLT AWD | $1,863 |
| Ford F-150 STX Regular Cab 4WD | $1,872 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,871 |
| Chevrolet Impala LTZ | $1,935 |
| Find Cheaper Rates Go | |
Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Estimates do not factor in specific location information which can increase or decrease rates substantially.
Based upon the table data, vehicles like the Toyota Prius, Ford Focus, and Volkswagen Jetta are going to be the cheapest vehicles to insure for high mileage drivers.
For high mileage drivers, one of the more important considerations that are looked at to determine auto insurance rates is where you live. Regions with larger populations or more claims tend to have higher rates, whereas areas with less crime or weather claims have the gratification of cheaper auto insurance rates.
The information below shows the most costly cities in Oregon for high mileage drivers to purchase a policy in. Portland makes the list at #2 with an annual premium of $1,529 for the average policyholder, which is about $127 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gresham | $1,622 |
| 2 | Portland | $1,529 |
| 3 | Oregon City | $1,444 |
| 4 | Lake Oswego | $1,406 |
| 5 | Aloha | $1,391 |
| 6 | Beaverton | $1,370 |
| 7 | Forest Grove | $1,360 |
| 8 | Keizer | $1,351 |
| 9 | West Linn | $1,348 |
| 10 | Salem | $1,346 |
| 11 | Woodburn | $1,346 |
| 12 | Hillsboro | $1,339 |
| 13 | Tualatin | $1,338 |
| 14 | Newberg | $1,323 |
| 15 | Tigard | $1,322 |
| 16 | McMinnville | $1,286 |
| 17 | Bend | $1,236 |
| 18 | Redmond | $1,210 |
| 19 | Albany | $1,188 |
| 20 | Roseburg | $1,161 |
| 21 | Springfield | $1,158 |
| 22 | Grants Pass | $1,156 |
| 23 | Corvallis | $1,143 |
| 24 | Medford | $1,123 |
| 25 | Eugene | $1,123 |
| Start a Quote Go | ||
Rate quotes are estimated as the specific Portland residence address can modify coverage rates considerably.
Picking the best car insurance company can be a challenge considering how many companies there are in Oregon. The ranking information shown below may help you pick which car insurance companies you want to consider when shopping insurance around for high mileage drivers.
These ratings are only made up of major nationwide insurance companies, so companies that may only write in Oregon are not factored into the list. To check prices from these companies and more, just click here.
Top 10 Major Auto Insurers in Portland Ranked by Customer Satisfaction
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- GEICO – 89%
- The Hartford – 89%
- The General – 88%
- 21st Century – 88%
- Allstate – 88%
- Liberty Mutual – 88%
Does it make sense to buy full coverage?
Finding cheaper insurance is important to the majority of people, and one common way to find cheaper insurance for high mileage drivers is to only pay for liability coverage. The illustration below illustrates the comparison of annual premium costs when comparing full coverage to liability only. The premiums are based on no violations or claims, $100 deductibles, single status, and no discounts are taken into consideration.
As an average, physical damage coverage on your policy costs an additional $2,042 per year over and above liability only. Many people question if it’s worth it to buy full coverage. There is no set rule to exclude comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost minus the deductible, then you might want to think about dropping full coverage.
For example, let’s pretend your vehicle’s replacement cost is $11,500 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $10,500 after the deductible is paid. If you are paying in excess of $1,050 annually to have full coverage, then you might consider buying liability only.
There are some situations where eliminating full coverage is not recommended. If you haven’t paid off your loan, you must maintain physical damage coverage to satisfy the loan requirements. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
The example below shows how choosing a deductible can affect annual premium costs when researching cheap insurance for high mileage drivers. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
The data above shows that a 50-year-old driver could pocket $262 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $394 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could potentially save $648 each year by choosing a higher deductible. When increasing deductibles, it is important to have additional funds in a savings account to offset the extra out-of-pocket expense, which is the main drawback of higher deductibles.