This would be a real easy article to write if we could just give you the name of the company that has the best car insurance rates in Oregon. Regrettably, it’s not quite that easy, as there are many unknowns such as if you are a good driver, what level of deductibles you wish to have, and how safe your vehicle is, that all influence how much you pay for auto insurance. We will try to cover the different scenarios that increase car insurance cost and will hopefully give the reader a good start to your coverage search.
Trying to find cheap car insurance is not easy, and deciding which companies offer the cheapest auto insurance rates for unemployed drivers will involve a bit more work. Each insurer has their own unique process to set premium rates, so let’s begin by examining the auto insurance companies with the overall cheapest rates in Portland, OR.
Cheapest Insurance Rates for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $694 |
| 2 | Oregon Mutual | $819 |
| 3 | Country | $822 |
| 4 | Travelers | $942 |
| 5 | USAA | $979 |
| 6 | State Farm | $1,040 |
| 7 | GEICO | $1,144 |
| 8 | Amica | $1,171 |
| 9 | Allied | $1,203 |
| 10 | California Casualty | $1,218 |
| 11 | Progressive | $1,222 |
| 12 | Mutual Enumclaw | $1,224 |
| 13 | 21st Century | $1,324 |
| 14 | MetLife | $1,340 |
| 15 | American Family | $1,431 |
| 16 | Encompass | $1,622 |
| 17 | Allstate | $1,654 |
| 18 | Farmers | $1,994 |
| 19 | Safeco | $2,216 |
| 20 | Liberty Mutual | $2,508 |
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Grange may offer some of the best car insurance rates in Portland at around $694 a year. Oregon Mutual, Country, Travelers, and USAA also rank well as some of the lowest-priced Portland, OR insurance companies.
As illustrated above, if you are a customer of Country and switched to Grange, you could see an annual premium reduction of approximately $128. Oregon drivers with Travelers might save as much as $248 a year, and USAA insureds might see rate reductions of $285 a year.
Bear in mind that those policy prices are averages for all ages of drivers and types of vehicles and and are not figured with a specific location for unemployed drivers. So the insurer that has the cheapest price for you may not even be in the top 22 companies in the list above. That point stresses why you need to compare prices as often as possible using your own driver and vehicle profiles.
For the unemployed, one of the more important factors that are looked at to help calculate car insurance rates is the neighborhood you call home. Areas with increased crime or more people tend to have higher rates, whereas areas that tend to be more rural benefit from lower rates.
The table below sorts the priciest cities in Oregon for unemployed drivers in which to purchase auto insurance. Portland is ranked at #2 with the yearly price of $1,499 for the average insurance policy, which is around $125 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gresham | $1,622 |
| 2 | Portland | $1,499 |
| 3 | Beaverton | $1,412 |
| 4 | Oregon City | $1,402 |
| 5 | Woodburn | $1,400 |
| 6 | Aloha | $1,391 |
| 7 | Hillsboro | $1,380 |
| 8 | Lake Oswego | $1,364 |
| 9 | Tigard | $1,362 |
| 10 | West Linn | $1,362 |
| 11 | Forest Grove | $1,360 |
| 12 | McMinnville | $1,338 |
| 13 | Keizer | $1,325 |
| 14 | Newberg | $1,323 |
| 15 | Salem | $1,306 |
| 16 | Tualatin | $1,299 |
| 17 | Redmond | $1,247 |
| 18 | Bend | $1,188 |
| 19 | Corvallis | $1,167 |
| 20 | Medford | $1,157 |
| 21 | Eugene | $1,157 |
| 22 | Grants Pass | $1,156 |
| 23 | Albany | $1,153 |
| 24 | Roseburg | $1,150 |
| 25 | Springfield | $1,124 |
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Premium costs are approximated as specific location information can lower or raise premium rates considerably.
Reckless driving habits raise auto insurance rates
The recommended way to earn good auto insurance rates in Oregon for the unemployed is to be a cautious driver and avoid accidents and traffic violations. The information below shows how violations and fender-benders raise auto insurance costs for different age groups. The rates are based on a single female driver, full coverage, $500 deductibles, and no discounts are applied to the premium.
The data in the chart shows the average cost of car insurance in Portland per year with no accidents and a clean driving record is $1,914. Factor in one speeding ticket and the average cost jumps to $2,171, an increase of $257 each year. Then add two accidents along with the one speeding ticket and the 12-month cost of auto insurance for unemployed drivers jumps again to an average of $4,494. That’s an increase of $2,580, or $215 per month, just for not driving carefully!
The information below shows how choosing a deductible can affect yearly insurance costs when quoting cheap insurance for unemployed drivers. The data is based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
In the chart above, a 50-year-old driver could reduce rates by $262 a year by increasing from a $100 deductible up to a $500 deductible, or save $398 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could potentially save up to $860 or more by selecting a higher deductible. When insureds make the decision to increase the deductibles on their policy, it will be important to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Portland car insurance rates
Portland, OR auto insurance rates are based on many factors that control the price of coverage. Turning one year older, becoming a homeowner, or getting into an accident may prompt premium changes resulting in some rates now being much cheaper than others.
Also, companies change rates every year to adjust for heavy claims or excess profits. Unexpectedly high claims can cause higher priced premiums, while lower claim levels can cause more affordable Portland car insurance rates.
For example, the chart below shows which company has the cheapest car insurance in Portland, OR for a 40-year-old male driver with no violations or accidents, and excellent credit. If we estimate rates based on his personal profile, Grange has the most affordable car insurance rates in Portland at $907 per year. This is $571 less than the average price paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are the rest of the cheapest Portland, OR auto insurance companies.
In the next rate comparison, we’ll give the driver from the first set of rates an accident surcharge, a lower credit rating, and a blemish on his driving record. Because each company uses their own formula to determine rates, comparing prices will most likely result in a completely different list of cheap Portland auto insurance companies as shown below.
Oregon Mutual now has the best auto insurance rate in Portland with Country, Amica, Allied, and GEICO now rounding out the top five. This illustrates why it is crucial to perform an extensive rate comparison when trying to get the most economical car insurance quotes for unemployed drivers. Car insurance prices are calculated by many factors and can change substantially, so the most economical company three years ago may now be one of the more expensive options.