What Auto Insurance is Cheapest for a 20 Year Old Male in Portland?

Deciphering which company quotes the lowest-priced car insurance rates for 20 year old guys will require a little more sweat in order to find the most economical policy.

Each insurance company has a unique formula to determine premium rates, so let’s take a look at the lowest cost car insurance companies in Oregon. It’s important to understand that Oregon car insurance rates are calculated based on many things which can substantially change the price you pay for coverage. Simply improving your credit, moving to a new city, or getting a couple of tickets can cause premium changes that can cause some rates to be more affordable than the competition.

Best Cheap Insurance Rates for Men Age 20

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Grange may offer some of the lowest car insurance rates in Portland at around $687 per year. This is $791 less than the average price paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA also make the cut as some of the cheapest Portland, OR insurance companies.

In the above example, if you currently have a policy with Oregon Mutual and switched to Grange, you might see a yearly savings of upwards of $141. Policyholders with Travelers might save as much as $227 a year, and USAA customers might lower prices by up to $283 a year.

Be aware that those policy prices are averaged across all insureds and vehicles and and are not calculated with an exact vehicle garaging location for 20 year old guys. So the company that has the cheapest rates for you may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver and vehicle profiles.

One of the more important things that help determine insurance cost is where you live. More populated areas tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.

The table below lists the highest-priced areas in Oregon for 20 year old guys to buy auto insurance in. Portland is listed at #2 with an annual rate of $1,499 for coverage, which is around $125 per month.

Table data uses approximated as the specific area where the vehicle is garaged can revise premium rates considerably.

The car, truck, or SUV requiring coverage is one of the biggest factors when trying to find the best coverage for 20 year old guys. Vehicles with average performance, good safety features, or a track record of few liability claims will cost substantially less to insure than fast, unsafe models. The information below outlines car insurance prices for the most cost-effective automobiles to buy coverage for.

Table data assumes single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in garaging location in Portland, OR which can raise or lower auto insurance rates substantially.

Based on these rates, we can tell that cars like the Ford Escape, Honda CR-V, and Ford F-150 should be a few of the most budget-friendly vehicles to insure for young men. The cost of auto insurance will tend to be more expensive anyway just because there is a higher risk for 20 year old guys, but in general those vehicles will most likely have the lowest insurance rates that you’ll find.

The diagram below highlights how deductible choice can impact premium costs when getting quotes for cheap insurance for 20 year old guys. The data is based on a single female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

A 30-year-old driver could reduce rates by $290 a year by changing from a $100 deductible to a $500 deductible, or save $438 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, have the ability to save as much as $644 annually by using higher deductibles when buying full coverage. When using a larger deductible, it is necessary to have enough spare savings to allow you to cover the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Buying coverage from a highly-rated insurance provider can be a challenge considering how many different companies sell coverage in Portland. The company information shown next could help you select which auto insurers to look at when shopping around.

The ratings below are only comprised of large nationwide companies, so smaller companies that only insure vehicles in Oregon are not factored into this list. If you’d like to compare prices from these and other top-rated companies, click this link.

Are you paying too much for car insurance in Portland?

Portland car insurance rates are impacted by many factors which can significantly increase or decrease the policy price. Simply having another birthday, increasing liability limits, or getting a reckless driving citation may cause policy rate changes that may make certain companies cheaper than competitors.

Not only may your situation change, but auto insurance companies change rates as needed to reflect underwriting profits or losses. An extended period of higher than normal claims may result in additional price hikes, while long-term profits may produce lower-priced Portland car insurance rates.

The chart below shows the companies that have the cheapest car insurance in Portland, OR for a 45-year-old female driver with a good driving record, no prior claims, and a decent credit rating. If we estimate prices based on her current rating profile, Grange may have the most affordable car insurance rates in Portland at $917 annually. This is $561 less than the average policy premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, USAA, and Travelers are also on the list of the top five cheapest Portland, OR auto insurance companies.

Now let’s give the driver in the first chart a chargeable accident, a lower credit score, and an imperfect driving record. Because each insurer has a different process to determine rates, getting updated rate quotes may now result in a different list of the cheapest companies as shown below.

Amica now has the lowest car insurance rate in Portland, OR with GEICO, Mutual Enumclaw, Oregon Mutual, and Allied completing the list. This demonstrates why it is critical to compare many different companies to get the cheapest auto insurance rates for 20 year old guys. Insurance rates consist of many things and can decrease or increase without notice, so the best option the last time you shopped around may now cost much more than other companies.

How to find low-cost auto insurance for 20 year old guys

Lowering your rates is not difficult, and here are some of the recommended thrifty suggestions that can help Portland drivers quote cheaper coverage.

• Higher credit scores can equal lower rates
• Increase your policy deductibles
• Safer vehicles cost less to insure
• Drive attentively and avoid accidents
• Maintain a clean driving record
• Save money by insuring older vehicles for liability only
• Shop around for cheaper prices often

The last suggestion is notably critical, as was emphasized in the article above. Car insurance prices in Portland can change considerably based on profitability, so don’t be unwilling to buy from a different company if a more affordable price is available.

Many drivers tend to have loyalty to a certain company, but it isn’t a good idea if it’s costing you a small fortune. In less than five minutes you could shop around and find cheaper insurance for 20 year old guys.

If you have questions and prefer to get some guidance when shopping for the best coverage for 20 year old guys, the agents listed below are willing to help you decide which is the best policy.

To find a Portland insurance agent closest to you, click the button link following the list or click here to compare rates now.

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