The make and model of vehicle you are insuring is one of the largest considerations in finding the most economical insurance for drivers over age 70. Vehicles with limited speed and performance, a plethora of safety features, or a low likelihood of liability claims will cost less to insure than fast, unsafe models.
The next list ranks car insurance premiums for the cheaper vehicles to insure in Oregon.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,631 |
| Honda CR-V EX-L 2WD | $1,641 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,669 |
| Volkswagen Jetta S 2.5 Station Wagon | $1,734 |
| Toyota Prius | $1,761 |
| Honda Odyssey LX | $1,771 |
| Ford F-150 XLT Regular Cab 4WD | $1,798 |
| Ford Explorer XLT 2WD | $1,807 |
| Chevrolet Impala LS | $1,874 |
| Dodge Grand Caravan Hero | $1,900 |
| Jeep Grand Cherokee Laredo 2WD | $1,910 |
| Toyota RAV4 Limited 4WD | $1,900 |
| Chevrolet Malibu LT | $1,927 |
| Honda Civic LX-S 4-Dr Sedan | $1,976 |
| Ford Focus SES 4-Dr Sedan | $1,981 |
| Ford Edge Sport 2WD | $2,003 |
| Hyundai Elantra SE 4-Dr Sedan | $2,013 |
| Toyota Tacoma X-Runner 2WD | $2,003 |
| Toyota Corolla XRS | $2,030 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $2,038 |
| Chevrolet Silverado LT Crew Cab 4WD | $2,030 |
| GMC Sierra SLT Extended Cab 2WD | $2,040 |
| Chevrolet Equinox LTZ 2WD | $2,030 |
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Data based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Price information does not factor in zip code location which can increase or decrease insurance rates greatly.
Based upon the rates shown, models like the Ford Escape, Honda CR-V, Jeep Wrangler, and Volkswagen Jetta will be some of the cheaper vehicles to insure for older drivers. The price for car insurance will trend higher just because there is more claim exposure for drivers over age 70, but in general those particular vehicles will tend to have the cheapest rates compared to all other vehicles.
Locating cheap auto insurance is difficult, and figuring out which company quotes the cheapest insurance rates for drivers over age 70 requires more quotes for comparison. Each company uses different criteria to set premium rates, so let’s take a look at the most budget-friendly insurance companies in Portland.
It’s a good idea to be aware that Oregon insurance rates are influenced by many factors that can increase the price you pay. That is why it is important to compare rates when trying to find cheap auto insurance rates for drivers over age 70. Auto insurance prices are influenced by many factors and can increase or decrease at any time, so the most economical option two years ago may now be priced much higher than other options.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $715 |
| 2 | Oregon Mutual | $828 |
| 3 | Country | $847 |
| 4 | Travelers | $942 |
| 5 | USAA | $979 |
| 6 | State Farm | $1,040 |
| 7 | Amica | $1,125 |
| 8 | GEICO | $1,155 |
| 9 | Allied | $1,179 |
| 10 | Mutual Enumclaw | $1,188 |
| 11 | Progressive | $1,222 |
| 12 | California Casualty | $1,230 |
| 13 | MetLife | $1,301 |
| 14 | 21st Century | $1,310 |
| 15 | American Family | $1,474 |
| 16 | Encompass | $1,622 |
| 17 | Allstate | $1,722 |
| 18 | Farmers | $1,954 |
| 19 | Safeco | $2,172 |
| 20 | Liberty Mutual | $2,433 |
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Grange normally has some of the cheapest car insurance rates in Portland at around $715 per year. This is $763 less than the average policy premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA also are some of the cheaper Portland, OR insurance companies.
As shown in the rates above, if you currently have a policy with Country and switched to Grange, you could realize a yearly price reduction of around $132. Oregon drivers with Travelers might save as much as $227 a year, and USAA insureds might lower prices by up to $264 a year.
Bear in mind that those policy rates are averages for all ages of drivers and types of vehicles and and are not figured with a specific location for drivers over age 70. So the auto insurance company that has the lowest price for you may not even be in the list above. That’s why you need to get auto insurance quotes using your own driver data and vehicle information.
The chart below shows how different deductible levels can influence insurance rates when getting quotes for cheap insurance for drivers over age 70. The premium estimates are based on a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.
In the chart above, a 50-year-old driver could reduce rates by $218 a year by changing from a $100 deductible up to a $500 deductible, or save $330 by selecting a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could save up to $542 or even more just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it’s a good idea to have enough savings to offset the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Impact of speeding/accidents on Portland insurance rates
The easiest method to enjoy affordable insurance rates for older drivers is to be an attentive driver and avoid tickets and accidents. The chart below illustrates how violations and at-fault accidents can raise yearly insurance costs for different age groups of insureds. The premium estimates are based on a married female driver, full coverage, $500 deductibles, and no discounts are applied.
The data charted above shows the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,541. Factor in one speeding ticket and the average cost increases to $1,798, an increase of $256 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for drivers over age 70 increases to an average of $4,120. That’s an increase of $2,579, or $215 per month, just for a couple of infractions!
Get discounts on Portland insurance rates
Insurance providers that offer cheap quotes for drivers over age 70 may additionally offer price discounts that may potentially lower prices by as much as 35% or more if you meet the requirements. The best insurance companies and their possible discounts are included below.
- GEICO may offer discounts for seat belt use, anti-theft, driver training, daytime running lights, and five-year accident-free.
- USAA offers discounts including loyalty savings, annual mileage, new vehicle, good student, and family discount.
- Progressive includes discounts for online quote discount, multi-vehicle, good student, multi-policy, online signing, homeowner, and continuous coverage.
- American Family has discounts for mySafetyValet, multi-vehicle, Steer into Savings, defensive driver, TimeAway discount, and accident-free.
- Esurance policyholders can earn discounts including Pac-12 alumni, emergency road assistance, multi-policy, DriveSense, anti-lock brakes, good driver, and Switch & Save.
- Farmers Insurance may have discounts that include distant student, multi-car, business and professional, switch companies, homeowner, and good student.
- State Farm discounts include multiple autos, multiple policy, passive restraint, Drive Safe & Save, good driver, and Steer Clear safe driver discount.
The information below shows the comparison of car insurance rates with and without discounts. The costs are based on a female driver, a clean driving record, no claims, Oregon state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multiple policy, defensive driving course, anti-theft, and accident-free discounts applied. In this example, theamount saved on insurance for drivers over age 70 is 28% or $646.
Low rates today, overpriced tomorrow
Portland insurance rates are impacted by many factors which can substantially decrease or increase the price of coverage. Simply getting older, buying a new vehicle, or getting caught speeding may generate price changes that can make some companies affordable when they were higher priced. Also, insurers change the rates they charge in Oregon as needed in order to remain profitable. Higher than usual claims can result in price increases, while a lower level of claims can produce lower-priced Portland car insurance rates.
As an example, the data below shows the cheapest car insurance in Portland, OR for a 45-year-old male driver with a clean driving record, no accidents, and great credit. When quoting prices based on his current risk factors, Grange might quote the most affordable car insurance rates in Portland at $962 a year. This is $516 less than the average rate paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are the remaining top five cheapest Portland, OR auto insurance companies.
Let’s now give the driver in the first chart a claim surcharge, bad credit, and a few traffic violations. Due to the fact that each insurance company has a unique approach to set premium rates, comparing insurance quotes may now show a different ranking of the cheapest Portland car insurance companies as shown below.
Amica now has the best insurance rate in Portland with Mutual Enumclaw, Allied, GEICO, and California Casualty also having competitive pricing. This example shows why it is crucial to compare rates when trying to get the most budget-friendly auto insurance quotes for drivers over age 70. Insurance rates are impacted by many different factors and can change without notice, so the most economical option when you last compared rates may now not even be in the top five.
The insurance agencies below can help you decide which car insurance company is the best fit, as many consumers aren’t sure which coverage to buy and prefer to have a little guidance when shopping around for cheaper insurance for drivers over age 70. It can be complicated to do it yourself, and insurance agents can provide satisfaction knowing your coverage gives you adequate protection in the event of a claim.
To find a Portland insurance agency using an interactive map, click the link at the bottom.
- Oregon Insurance Advisor – Mark Strauss
5201 SW Westgate Dr #300 – Portland, OR 97221 – (503) 922-4847 - Pete Zavos – State Farm Insurance Agent
8305 SE Monterey Ave #102 – Portland, OR 97086 – (503) 653-6392 - Fox Insurance Agency
1819 SW 5th Ave – Portland, OR 97201 – (503) 277-2300 - Michael Holton – State Farm Insurance Agent
7113 SW Macadam Ave – Portland, OR 97219 – (503) 517-9090