For drivers in Portland, one of the largest factors that determine the amount you pay each year for auto insurance is where you keep your car in Portland. Cities with larger populations are more likely to have higher rates, whereas areas with less congestion tend to receive slightly lower rates.
The following table sorts the most expensive cities in Oregon to purchase car insurance in. Portland is ranked #2 costing $1,499 for coverage, which is approximately $125 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gresham | $1,558 |
| 2 | Portland | $1,499 |
| 3 | Oregon City | $1,402 |
| 4 | Woodburn | $1,400 |
| 5 | Beaverton | $1,370 |
| 6 | Keizer | $1,365 |
| 7 | Lake Oswego | $1,364 |
| 8 | Aloha | $1,363 |
| 9 | Tigard | $1,362 |
| 10 | Forest Grove | $1,360 |
| 11 | Tualatin | $1,352 |
| 12 | Hillsboro | $1,352 |
| 13 | West Linn | $1,348 |
| 14 | Newberg | $1,337 |
| 15 | McMinnville | $1,325 |
| 16 | Salem | $1,320 |
| 17 | Redmond | $1,260 |
| 18 | Bend | $1,224 |
| 19 | Albany | $1,188 |
| 20 | Springfield | $1,170 |
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Rate information is estimated as the specific garaging location can increase or decrease price quotes considerably.
Now that we see where Portland ranks compared to other areas, finding out which company has the best auto insurance rates in Portland calls for a little more work in order to find coverage that fits your budget. Every insurance company has their own process to determine premium rates, so let’s rank the most budget-friendly auto insurance companies in Portland.
It’s important to know that Oregon auto insurance rates are determined by lots of factors that control the policy price. Simply having a birthday, buying a different home, or getting a speeding ticket may prompt premium changes that can now make some companies cheaper than competitors.
Find the Cheapest Auto Insurance in Portland
Grange has some of the cheapest car insurance rates in Portland at around $715 per year. Oregon Mutual, Country, Travelers, and USAA also rank well as some of the most economical Portland, OR car insurance companies.
As the rates illustrate above, if you currently have coverage with Travelers and switched to Oregon Mutual, you might realize a yearly price reduction of in the vicinity of $95. Customers with USAA might save as much as $151 a year, and State Farm policyholders might cut rates by $210 a year.
Bear in mind that those premiums are averaged across all types of insureds and vehicles and and are not calculated with a specific location in Portland. So the insurer that is most affordable for your situation may not even be in the top 22 companies in the list above. That’s why you need to compare as many prices as possible using your own specific driver information and vehicle.
The make and model of vehicle you are insuring is one of the largest considerations when comparing economical car insurance in Portland. Vehicles with limited top-end speed, good safety features, or a track record of few liability claims will cost quite a bit less to insure than higher performance models.
The next table estimates insurance premiums for some of the cheapest vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX-L 4-Dr Sedan | $1,411 |
| Honda Odyssey LX | $1,427 |
| Dodge Grand Caravan CV | $1,458 |
| Ford Fusion S 4-Dr Sedan | $1,538 |
| Toyota RAV4 2WD | $1,543 |
| Chevrolet Silverado LS Regular Cab 2WD | $1,540 |
| Toyota Camry SE | $1,618 |
| Honda CR-V EX-L 4WD | $1,634 |
| Ford Escape Limited 2WD | $1,643 |
| Nissan Altima 3.5 SR 4-Dr Sedan | $1,647 |
| Chevrolet Equinox LTZ AWD | $1,653 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,647 |
| Nissan Rogue SL 2WD | $1,652 |
| Ford Focus SE 4-Dr Sedan | $1,729 |
| Jeep Grand Cherokee Laredo 2WD | $1,763 |
| Toyota Tacoma Double Cab 4WD | $1,768 |
| Toyota Prius | $1,771 |
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-vehicle, multi-policy, claim-free, and homeowner. Rates do not factor in specific location information which can impact coverage rates significantly.
Looking at the rates, vehicles like the Honda Accord, Honda Odyssey, Dodge Grand Caravan, Ford Fusion, and Toyota RAV4 are most likely to be some of the most economical vehicles to insure for drivers in Portland.
Get discounts on Portland auto insurance
Insurers that provide coverage in Portland could also offer premium discounts that could lower prices by as much as 35% or more if you are eligible. Companies and their possible discounts are included below.
- State Farm offers discounts for safe vehicle, Steer Clear safe driver discount, anti-theft, good student, and multiple autos.
- American Family includes discounts for TimeAway discount, good driver, accident-free, mySafetyValet, and bundled insurance.
- GEICO may include discounts for emergency military deployment, multi-policy, federal employee, anti-theft, military active duty, and defensive driver.
- 21st Century has discounts for anti-lock brakes, 55 and older, air bags, student driver, and theft prevention.
- Progressive offers discounts including online quote discount, online signing, homeowner, multi-vehicle, continuous coverage, multi-policy, and good student.
The information below visualizes the comparison of auto insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no driving violations, no at-fault accidents, Oregon state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with homeowner, passive restraint, defensive driving course, vehicle safety, marriage, and multiple policy discounts applied. When discounts are factored in, the average amount saved each year on car insurance in Portland is 28% or $384.
Liability rates compared to full coverage
Saving on car insurance should be important to the majority of people, and one good way to find cheaper insurance in Portland is to only buy liability coverage. The illustration below illustrates the comparison of premium costs with and without full coverage. The data is based on no claims, a clean driving record, $250 deductibles, marital status is single, and no discounts are factored in.
If we average the cost for ages 20 through 70, comprehensive and collision coverage on your policy costs $1,682 per year more than carrying just liability coverage. That is a big expense that brings up the question if you should buy full coverage at all. There isn’t a steadfast formula of when to eliminate comp and collision coverage, but there is a guideline you can use. If the annual cost of coverage is 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.
How to find budget-friendly auto insurance in Portland
Below you’ll find some of the better thrifty solutions that can help Portland drivers find low-cost auto insurance.
- Do not get traffic violations
- Too many claims can make car insurance unaffordable
- Avoid accidents and claims
- Buy a vehicle with excellent safety ratings
- Clean up your credit
- Keep rates low by shopping around frequently
The last tip in the list is extremely critical, as we pointed out in this piece. Coverage rates change frequently, so drivers shouldn’t be resistant to buy a different policy if a more affordable price is available. Having a favorite company is fine, but it isn’t a good idea if that faithfulness ends up costing you potentially thousands of dollars a year. Take a few minutes and shop around to find cheaper car insurance in Portland in Portland.