Deciding which companies quote the cheapest insurance rates for inexperienced drivers may require a tad more effort in order to find the most economical policy.
Every insurance provider uses their own calculation to set premium rates, so let’s look at the rankings for the insurance companies with the overall cheapest rates in Oregon.
Cheap Insurance Rates for Newbies
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $687 |
| 2 | Country | $847 |
| 3 | Oregon Mutual | $853 |
| 4 | Travelers | $952 |
| 5 | USAA | $979 |
| 6 | State Farm | $1,040 |
| 7 | GEICO | $1,155 |
| 8 | Amica | $1,171 |
| 9 | Allied | $1,179 |
| 10 | Mutual Enumclaw | $1,188 |
| 11 | California Casualty | $1,230 |
| 12 | Progressive | $1,235 |
| 13 | MetLife | $1,340 |
| 14 | 21st Century | $1,364 |
| 15 | American Family | $1,459 |
| 16 | Encompass | $1,558 |
| 17 | Allstate | $1,722 |
| 18 | Farmers | $1,994 |
| 19 | Safeco | $2,216 |
| 20 | Liberty Mutual | $2,433 |
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Grange has some of the cheapest car insurance rates in Portland at around $687 per year. This is $791 less than the average rate paid by Oregon drivers of $1,478. Country, Oregon Mutual, Travelers, and USAA also are some of the lowest-priced Portland, OR auto insurance companies.
As depicted above, if you currently have coverage with Travelers and switched to Grange, you may see yearly savings of about $265. Drivers with USAA could save as much as $292 a year, and State Farm insureds might see rate reductions of $353 a year.
To see if you’re overpaying, click here to start your custom quote or click several companies below for low rates.
Bear in mind that those estimates are averages for all drivers and vehicles in Oregon and do not factor in an exact zip code location for inexperienced drivers. So the auto insurance company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get rate quotes from many companies using your own personal information and vehicle type.
The car, truck, or SUV you are seeking coverage for is probably the biggest factor when quoting economical insurance for inexperienced drivers. Vehicles with limited speed and performance, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than fast, unsafe models.
The data below shows auto insurance prices for a handful of the cheapest automobiles to buy coverage for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,586 |
| Volkswagen Jetta LE 4-Dr Sedan | $1,607 |
| Dodge Grand Caravan Hero | $1,617 |
| Toyota RAV4 Limited 4WD | $1,607 |
| Ford Explorer Limited AWD | $1,636 |
| Hyundai Elantra GLS Touring Station Wagon | $1,662 |
| Toyota Camry XLE | $1,691 |
| Ford Edge Sport 2WD | $1,698 |
| Honda CR-V EX 4WD | $1,702 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,721 |
| Jeep Grand Cherokee Limited 2WD | $1,729 |
| Ford F-150 FX2 Super Cab 2WD | $1,742 |
| Dodge Ram Crew Cab ST 2WD | $1,750 |
| GMC Sierra 3500HD SLE Crew Cab 2WD | $1,752 |
| Chevrolet Impala LS | $1,802 |
| Honda Odyssey EX | $1,812 |
| Toyota Tacoma 2WD | $1,802 |
| Ford Focus SES 2-Dr Coupe | $1,805 |
| Honda Accord EX-L 4-Dr Sedan | $1,813 |
| Toyota Prius | $1,845 |
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Above prices assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Estimates do not factor in vehicle garaging location which can alter prices substantially.
By looking at the data, we can infer that makes and models like the Ford Escape, Volkswagen Jetta, Dodge Grand Caravan, and Toyota RAV4 should be a few of the cheaper vehicles to insure for new drivers.
For new drivers, one of the more important considerations that aid in calculating auto insurance rates is where you keep your vehicle in Portland. Regions with larger populations or more claims likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The illustration below sorts the most expensive areas in Oregon for inexperienced drivers in which to buy car insurance. Portland shows up at #2 with an annual premium of $1,499 on average, which is approximately $125 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Gresham | $1,622 |
| 2 | Portland | $1,499 |
| 3 | Oregon City | $1,444 |
| 4 | Aloha | $1,405 |
| 5 | Woodburn | $1,400 |
| 6 | Beaverton | $1,370 |
| 7 | Newberg | $1,364 |
| 8 | Lake Oswego | $1,364 |
| 9 | West Linn | $1,362 |
| 10 | Tualatin | $1,352 |
| 11 | Forest Grove | $1,347 |
| 12 | Hillsboro | $1,339 |
| 13 | Tigard | $1,336 |
| 14 | McMinnville | $1,325 |
| 15 | Keizer | $1,311 |
| 16 | Salem | $1,306 |
| 17 | Redmond | $1,260 |
| 18 | Bend | $1,188 |
| 19 | Albany | $1,188 |
| 20 | Roseburg | $1,161 |
| 21 | Springfield | $1,158 |
| 22 | Medford | $1,157 |
| 23 | Grants Pass | $1,145 |
| 24 | Corvallis | $1,132 |
| 25 | Eugene | $1,123 |
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Prices are estimated as the specific garaging location can raise or lower auto insurance rates considerably.
Rate increases following a ticket or accident
The easiest way to enjoy the best insurance premiums in Portland for new drivers is to be an attentive driver and have a clean driving record. The example below shows how violations and at-fault accidents can affect insurance rates for different age groups. The costs are based on a single male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of car insurance in Portland per year with no accidents and a clean driving record is $1,509. Add in two speeding tickets and the average cost hikes up to $1,990, an increase of $481 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of insurance for inexperienced drivers increases to an average of $3,875. That’s an increase of $2,366, or $197 per month, just for being a little careless behind the wheel!
The information below shows how choosing a deductible can affect insurance costs when searching for cheap insurance for inexperienced drivers. The premiums are based on a married female driver, full physical damage coverage, and no discounts are taken into consideration.
In the chart above, a 30-year-old driver could cut expenses by $342 a year by switching from a $100 deductible up to a $500 deductible, or save $516 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could roll back prices up to $730 every year by selecting a higher deductible.
When choosing a higher deductible, it will be necessary to have spare funds to be able to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
How to find budget-friendly auto insurance for inexperienced drivers
It’s not impossible to find cheaper rates, and here are a few money-saving solutions that can help you quote more affordable auto insurance.
- Being accident-free can lower rates significantly
- Raise physical damage deductibles
- Better credit rating means better rates
- Buy your auto and home insurance from the same company and save
- Try to not file small claims
- Avoid speeding and other traffic citations and pay less
- Check for cheaper rates once a year
The last item on the list is extraordinarily crucial, as we noted in the prior article. Rates can change considerably based on profitability, so drivers shouldn’t hesitate to switch carriers if a more affordable price is available.
Many drivers tend to have loyalty to a certain company, but is isn’t recommended if that inflexibility results in costing you big bucks every year. It only takes a couple minutes to compare rates and find cheaper insurance for inexperienced drivers in Portland.