Establishing which companies offer the best auto insurance rates after a speeding ticket involves a bit more effort than just quoting one company’s rates.
Every auto insurer uses their own method to set premium rates, so we need to take a look at the most competitive auto insurance companies in Portland, OR.
Compare Cheap Insurance Quotes with Licence Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $708 |
| 2 | Oregon Mutual | $828 |
| 3 | Country | $831 |
| 4 | Travelers | $924 |
| 5 | USAA | $970 |
| 6 | State Farm | $1,040 |
| 7 | Amica | $1,125 |
| 8 | GEICO | $1,144 |
| 9 | Allied | $1,167 |
| 10 | California Casualty | $1,182 |
| 11 | Mutual Enumclaw | $1,224 |
| 12 | Progressive | $1,235 |
| 13 | MetLife | $1,288 |
| 14 | 21st Century | $1,310 |
| 15 | American Family | $1,431 |
| 16 | Encompass | $1,558 |
| 17 | Allstate | $1,705 |
| 18 | Farmers | $1,954 |
| 19 | Safeco | $2,150 |
| 20 | Liberty Mutual | $2,508 |
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Grange quotes some of the best car insurance rates in Portland at around $708 annually. Oregon Mutual, Country, Travelers, and USAA also make the cut as some of the lowest-priced Portland, OR car insurance companies.
In the rate table above, if you currently buy coverage from Travelers and switched to Grange, you could earn annual savings of roughly $216. Policyholders with USAA could save as much as $262 a year, and State Farm customers might realize rate reductions of up to $332 a year.
It’s important to note that these policy rates are averaged for all insureds and vehicles and and are not calculated with an exact location after a speeding ticket. So the car insurance company that is best suited for you may not even be in the list above. That underscores the importance of why you need to get rate quotes using your own individual information.
One of the many criteria that are used to help calculate the annual cost of car insurance is the neighborhood you call home. Areas with high crime rates or more dense population are more likely to have higher rates, whereas areas that tend to be more rural have the benefit of cheaper auto insurance prices.
The table below rates the most expensive areas in Oregon after a speeding ticket in which to purchase auto insurance. Portland is listed at #2 with an annual cost of $1,484 for the average policyholder, which is approximately $124 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Gresham | $1,558 |
| 2 | Portland | $1,484 |
| 3 | Oregon City | $1,444 |
| 4 | Lake Oswego | $1,420 |
| 5 | Beaverton | $1,412 |
| 6 | Aloha | $1,405 |
| 7 | Woodburn | $1,400 |
| 8 | Forest Grove | $1,388 |
| 9 | Tigard | $1,362 |
| 10 | Hillsboro | $1,352 |
| 11 | West Linn | $1,348 |
| 12 | Salem | $1,346 |
| 13 | Tualatin | $1,338 |
| 14 | Newberg | $1,337 |
| 15 | Keizer | $1,311 |
| 16 | McMinnville | $1,299 |
| 17 | Redmond | $1,247 |
| 18 | Bend | $1,200 |
| 19 | Medford | $1,169 |
| 20 | Eugene | $1,169 |
| 21 | Roseburg | $1,161 |
| 22 | Springfield | $1,158 |
| 23 | Grants Pass | $1,156 |
| 24 | Corvallis | $1,143 |
| 25 | Albany | $1,142 |
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Information shown are comparative as the specific zip code location can revise insurance rates noticeably.
The example below illustrates how choosing a deductible can raise or lower insurance costs when quoting cheap insurance after a speeding ticket. The rates are based on a single male driver, full coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could save $262 a year by switching from a $100 deductible up to a $500 deductible, or save $398 by changing to a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could lower their rates up to $860 or more just by choosing higher deductibles when buying full coverage.
If you do raise deductibles, it will be required to have additional savings on hand to be able to pay the extra out-of-pocket expense that is associated with using high deductibles.
Buying coverage from the right auto insurance company is hard considering how many choices you have in Portland. The company ratings below may help you pick which companies you want to consider when comparing rates.
The ratings below include companies with a national presence, so companies that may only write in Oregon are not taken into consideration for this list. If you wish to compare rates and find cheaper insurance after a speeding ticket, click here.
Top 10 Major Auto Insurance Providers in Portland Ranked by Customer Service
- GEICO
- State Farm
- The Hartford
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
- Nationwide
- Liberty Mutual
Types of discounts on Portland auto insurance rates
Auto insurance companies that offer quotes after a speeding ticket may also provide policy discounts that could potentially reduce rates by 35% or more if you meet eligibility requirements. Large auto insurance companies and some of the premium reductions they offer are:
- GEICO offers premium reductions for federal employee, seat belt use, anti-theft, good student, and driver training.
- SAFECO has discounts for homeowner, safe driver, drive less, teen safety rewards, and bundle discounts.
- State Farm discounts include multiple policy, safe vehicle, Drive Safe & Save, good student, and accident-free.
- MetLife offers discounts for multi-policy, good driver, claim-free, defensive driver, and accident-free.
- 21st Century policyholders can earn discounts including good student, anti-lock brakes, defensive driver, automatic seat belts, driver training, and homeowners.
- Progressive has savings for online quote discount, continuous coverage, multi-vehicle, online signing, multi-policy, homeowner, and good student.
The diagram below shows the difference between insurance premiums with and without some available policy discounts. The information is based on a male driver, two violations and no accidents, Oregon state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second shows the rates with homeowner, vehicle safety, continuous coverage, paperless filing, passive restraint, and multiple vehicle discounts applied. When discounts are applied, theamount saved on auto insurance after a speeding ticket is 28% or $680.
Why you should compare rates
Portland, OR auto insurance rates are determined by lots of factors which can substantially decrease or increase the policy price. Simply having another birthday, adding a teenager to your policy, or getting a couple of tickets can trigger changes in premium that can now make some companies more affordable than competitors. Additionally, insurers change the rates they charge in Oregon without warning to ensure their profitability. Higher than normal claim frequency or severity can cause increased rates, while a profitable period can result in cheaper Portland car insurance rates.
For instance, the chart below shows the company with the cheapest car insurance in Portland, OR for a 30-year-old female driver with a clear driving record, no claims, and great credit. When comparing rates based on her current risk profile, Grange quotes the most affordable car insurance rates in Portland at $917 annually. This is $561 less than the average rate paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA round out the rest of the best Portland, OR auto insurance companies.
The example below compares rates after we give the driver in the first example an accident surcharge, bad credit, and a couple of points charged on her driving record. Due to the fact that every insurance company has a proprietary method for establishing rates, getting updated rate quotes may result in a new list of affordable companies as shown below.
Oregon Mutual now has the lowest price on auto insurance in Portland with GEICO, Amica, Mutual Enumclaw, and Allied now being in the top five. This example demonstrates why consumers need to take the time to compare lots of rates when trying to find the most budget-friendly car insurance rates after a speeding ticket. Insurance rates can be altered by many factors and can increase or decrease at any time, so the lowest-price company the last time you checked may now be quite expensive.