The make and model of vehicle you are seeking coverage for is one of the main factors when comparison shopping for economical coverage for teenagers. Vehicles with limited speed and performance, good crash test ratings, or a low likelihood of having liability claims will cost substantially less to insure than high performance models.
The data below presents auto insurance rates for a number of the more affordable vehicles to insure in Oregon.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $5,721 |
| Honda CR-V EX-L 2WD | $5,773 |
| Toyota Prius | $6,173 |
| Ford Edge SE 2WD | $6,386 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $6,393 |
| Dodge Grand Caravan SE | $6,437 |
| Volkswagen Jetta SE 2.5 Station Wagon | $6,522 |
| Toyota RAV4 4WD | $6,786 |
| Chevrolet Equinox LT AWD | $6,794 |
| Jeep Grand Cherokee Laredo 4WD | $6,786 |
| Ford F-150 FX4 Super Cab 4WD | $6,838 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $6,848 |
| Chevrolet Malibu LT | $6,838 |
| Ford Explorer Limited 4WD | $6,844 |
| Toyota Corolla S | $7,134 |
| Honda Odyssey EX-L W/Rear Entertainment | $7,142 |
| Hyundai Elantra GLS 4-Dr Sedan | $7,134 |
| Chevrolet Impala LTZ | $7,143 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $7,186 |
| Ford Fusion SE 4-Dr Sedan | $7,194 |
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in zip code location which can impact premiums significantly.
Based on these rates, we can expect makes and models like the Ford Escape, Honda CR-V, and Toyota Prius are likely to be some of the most economical vehicles to insure for teen drivers. Prices will tend to be more expensive just due to the fact that there is more exposure for teenagers, but in general those models will tend to have the best insurance prices compared to other vehicles.
For teen drivers, one of the big considerations that help determine the price you pay for insurance is where you live. Cities with larger populations will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower prices.
The table below shows the most expensive places in Oregon for teenagers to purchase a policy in. Portland ranks #2 with an annual premium of $1,484 for coverage, which is about $124 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Gresham | $1,622 |
| 2 | Portland | $1,484 |
| 3 | Oregon City | $1,444 |
| 4 | Hillsboro | $1,380 |
| 5 | Tigard | $1,376 |
| 6 | Beaverton | $1,370 |
| 7 | Lake Oswego | $1,364 |
| 8 | Woodburn | $1,359 |
| 9 | Aloha | $1,349 |
| 10 | Forest Grove | $1,347 |
| 11 | Salem | $1,346 |
| 12 | Tualatin | $1,338 |
| 13 | Keizer | $1,325 |
| 14 | Newberg | $1,323 |
| 15 | West Linn | $1,322 |
| 16 | McMinnville | $1,286 |
| 17 | Redmond | $1,223 |
| 18 | Bend | $1,200 |
| 19 | Springfield | $1,170 |
| 20 | Corvallis | $1,167 |
| 21 | Medford | $1,157 |
| 22 | Albany | $1,153 |
| 23 | Roseburg | $1,150 |
| 24 | Grants Pass | $1,145 |
| 25 | Eugene | $1,135 |
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Price information shown is estimated as the specific geographic location can lower or raise price quotes greatly.
Establishing which companies offer the cheapest auto insurance rates for teenagers calls for a little more effort than just getting one or two price quotes.
Each auto insurer uses their own method for determining prices, so we will examine the auto insurance companies that tend to have lower prices in Portland. It’s important to know that Portland, OR auto insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Simply getting older, buying a different home, or getting a couple of tickets may generate price changes resulting in some rates now being much cheaper than others.
Best Cheap Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $715 |
| 2 | Country | $847 |
| 3 | Oregon Mutual | $853 |
| 4 | Travelers | $914 |
| 5 | USAA | $941 |
| 6 | State Farm | $1,029 |
| 7 | Amica | $1,137 |
| 8 | Mutual Enumclaw | $1,176 |
| 9 | Allied | $1,179 |
| 10 | GEICO | $1,179 |
| 11 | California Casualty | $1,218 |
| 12 | Progressive | $1,259 |
| 13 | MetLife | $1,327 |
| 14 | 21st Century | $1,364 |
| 15 | American Family | $1,431 |
| 16 | Encompass | $1,558 |
| 17 | Allstate | $1,671 |
| 18 | Farmers | $1,954 |
| 19 | Safeco | $2,216 |
| 20 | Liberty Mutual | $2,533 |
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Grange may have some of the cheapest car insurance rates in Portland at around $715 per year. This is $763 less than the average rate paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA also make the cut as some of the lowest-priced Portland, OR car insurance companies.
As the example above demonstrates, if you currently buy coverage from Travelers and switched to Grange, you could earn an annual savings of in the neighborhood of $199. Policyholders with USAA may save as much as $226 a year, and State Farm customers might cut rates by $314 a year.
To see if your current coverage is too expensive, click here to start your free quote or click several companies below for low rates.
Understand that those estimates are averages for all drivers and vehicles in Oregon and do not factor in a vehicle location for teenagers. So the car insurance company that has the lowest price for you may not even be in the top 22 companies in the list above. That illustrates why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Cost difference between full coverage and liability
Finding cheaper auto insurance should be important to the majority of people, and one of the easiest ways to pay less for insurance for teenagers is to not buy full coverage. The information below visualizes the comparison of auto insurance rates with full physical damage coverage and with liability coverage only. The data is based on no accidents, no driving violations, $100 deductibles, drivers are not married, and no discounts are applied.
If we average the cost for all age groups, comp and collision coverage costs an additional $1,834 per year over having just liability coverage. Many people question if paying for full coverage is worth it. There is no clear-cut formula of when to eliminate physical damage insurance, but there is a general school of thought. If the yearly cost of comp and collision coverage is more than around 10% of replacement cost minus your deductible, then you might consider buying liability only.
There are some cases where eliminating full coverage is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage.
Poor driving habits will raise your auto insurance rates
In a perfect world, the ideal way to obtain cheap auto insurance prices in Portland for teen drivers is to drive attentively and not receive tickets or have accidents. The example below shows how violations and at-fault claims influence car insurance rates for each age group. The premium estimates are based on a single female driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of auto insurance in Portland per year with no violations or accidents is $1,709. Factor in two speeding tickets and the average cost jumps to $2,276, an increase of $567 each year. Now add in one accident along with the two speeding tickets and the 12-month cost of auto insurance for teenagers goes up to an average of $2,862. That’s an increase of $1,153, or $96 per month, just for not driving carefully!
The agents shown below can most likely help you decide which coverage fits your budget, since some drivers have questions and prefer to have the advice of a professional agent when trying to find lower insurance rates for teen drivers. It can be difficult to find the cheapest auto insurance company, so getting professional guidance from a licensed agent can provide comfort knowing you have adequate coverage when you need it most. To find an auto insurance agency nearest to you, click the button link following the list or click here to compare rates now.
WelPland Insurance, SE Portland and Clackamas County
5845 SE 82nd Ave – Portland, OR 97266 – (503) 777-5406
Donna Tallman – State Farm Insurance Agent
6305 SE Powell Blvd – Portland, OR 97206 – (503) 771-2579
Reggie Guyton – State Farm Insurance Agent
8180 N Lombard St – Portland, OR 97203 – (503) 289-3601
Hecht and Hecht Insurance Agency Inc.
425 NE Hancock St – Portland, OR 97212 – (503) 542-1130
View map of Portland, OR insurance agents
Ideas for buying low-cost insurance for teenagers
The list below summarizes a few penny-pinching solutions that can help Portland drivers buy cheap coverage.
- Avoid accidents and claims
- Save money by staying claim-free
- Safer vehicles generally have cheaper insurance rates
- Do not get traffic citations
- Multi-policy discounts save money
- Compare rates regularly to ensure the best deal
The last item on the list is extremely significant, as was stressed in this piece. Prices charged by auto insurers fluctuate constantly, so you should be ready to change insurance companies if a better deal can be had. Having brand loyalty is commendable, but it’s not a good idea if it’s costing you major coinage every year. In just a few minutes you could compare rates to find cheaper auto insurance for teenagers in Portland.