The make and model of vehicle requiring coverage is a large consideration when comparing quotes for cheap insurance for used cars. Vehicles with lots of speed or power, a lack of advanced safety features, or a track record of large liability claims will cost more to insure than more modest models.
The table below shows insurance prices for some of the most affordable automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $1,411 |
| Ford Edge SE 2WD | $1,551 |
| Ford Escape XLT 4WD | $1,583 |
| Honda CR-V LX 2WD | $1,596 |
| Jeep Grand Cherokee Laredo 2WD | $1,674 |
| Ford F-150 XL Super Cab 2WD | $1,754 |
| Toyota Prius | $1,765 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,794 |
| Nissan Rogue S 2WD | $1,803 |
| GMC Sierra 3500HD SLE Regular Cab 2WD | $1,827 |
| Chevrolet Malibu LS | $1,832 |
| Toyota RAV4 4WD | $1,842 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,875 |
| Toyota Tacoma Double Cab 4WD | $1,883 |
| Chevrolet Silverado Crew Cab Hybrid 2WD | $1,885 |
| Dodge Grand Caravan SXT | $1,923 |
| Ford Explorer Limited 4WD | $1,929 |
| Chevrolet Impala LTZ | $1,931 |
| Toyota Corolla S | $1,936 |
| Dodge Ram 2500 Crew Cab Laramie 4WD | $1,947 |
| Ford Fusion SE 4-Dr Sedan | $1,966 |
| GMC Sierra SLE Regular Cab 4WD | $1,973 |
| Chevrolet Equinox LTZ AWD | $1,966 |
| Find Cheaper Rates Go | |
Prices above based on single male 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, homeowner, claim-free, and multi-policy. Rate quotes do not factor in specific Portland, OR garaging location which can modify price quotes greatly.
Based upon these rates, you can conclude that vehicles like the Honda Accord, Ford Edge, Ford Escape, Honda CR-V, and Jeep Grand Cherokee will definitely be the cheaper vehicles to insure for pre-owned vehicles.
Deciphering which company has the most affordable auto insurance rates for used cars will take a little more sweat in order to find the most economical policy.
Each auto insurer has a unique formula for determining rates, so let’s take a look at the auto insurance companies with the overall best prices in Portland, OR. Keep in mind that Oregon auto insurance rates are influenced by many factors that can increase the policy premium. Simply turning a year older, buying a home instead of renting, or getting a couple of tickets can produce rate changes that can cause some rates to be cheaper than others.
Best Cheap Insurance Rates for Used Cars
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Grange | $687 |
| 2 | Country | $822 |
| 3 | Oregon Mutual | $828 |
| 4 | USAA | $950 |
| 5 | Travelers | $952 |
| 6 | State Farm | $1,071 |
| 7 | Amica | $1,125 |
| 8 | Mutual Enumclaw | $1,188 |
| 9 | GEICO | $1,190 |
| 10 | Allied | $1,215 |
| 11 | California Casualty | $1,218 |
| 12 | Progressive | $1,272 |
| 13 | 21st Century | $1,324 |
| 14 | MetLife | $1,327 |
| 15 | American Family | $1,431 |
| 16 | Encompass | $1,622 |
| 17 | Allstate | $1,671 |
| 18 | Farmers | $1,935 |
| 19 | Safeco | $2,238 |
| 20 | Liberty Mutual | $2,433 |
| Get a Custom Quote Go | ||
Grange may offer some of the best car insurance rates in Portland at around $687 each year. This is $791 less than the average premium paid by Oregon drivers of $1,478. Country, Oregon Mutual, USAA, and Travelers would also be considered some of the most economical Portland, OR insurance companies.
As shown in the table above, if you currently buy coverage from Travelers and switched to Country, you might achieve annual savings of in the neighborhood of $130. Policyholders with State Farm could save as much as $249 a year, and Amica policyholders might realize rate reductions of up to $303 a year.
To see how much you can save, click here to start your free quote or click through to the companies below.
Be aware that those premium estimates are averages for all types of insureds and vehicles and and are not calculated with an exact location for used cars. So the company that can offer you the lowest price may not even be in the top 22 companies in the list above. That illustrates why you need to quote rates from many companies using your own individual information.
One of the many components that are looked at to determine the amount you pay each year for auto insurance is where you live in Portland. Areas with a lot of weather claims or more people are more likely to pay higher prices, whereas areas with less crime or weather claims have the gratification of cheaper auto insurance rates.
The information below ranks the priciest cities in Oregon for used cars to buy auto insurance in. Portland is ranked at #2 with the yearly price of $1,484 on average, which is around $124 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Gresham | $1,574 |
| 2 | Portland | $1,484 |
| 3 | Aloha | $1,391 |
| 4 | Forest Grove | $1,388 |
| 5 | Oregon City | $1,388 |
| 6 | Beaverton | $1,370 |
| 7 | Lake Oswego | $1,364 |
| 8 | Woodburn | $1,346 |
| 9 | Hillsboro | $1,339 |
| 10 | Tualatin | $1,338 |
| 11 | Tigard | $1,336 |
| 12 | Newberg | $1,323 |
| 13 | Keizer | $1,311 |
| 14 | West Linn | $1,308 |
| 15 | Salem | $1,306 |
| 16 | McMinnville | $1,299 |
| 17 | Redmond | $1,260 |
| 18 | Bend | $1,200 |
| 19 | Albany | $1,188 |
| 20 | Springfield | $1,170 |
| 21 | Roseburg | $1,161 |
| 22 | Medford | $1,157 |
| 23 | Grants Pass | $1,145 |
| 24 | Eugene | $1,135 |
| 25 | Corvallis | $1,132 |
| Find Cheaper Insurance Go | ||
Rate quotes are estimated as the specific geographic location can raise or lower coverage rates considerably.
Best auto insurance in Oregon
Picking the highest-rated auto insurance provider is difficult considering how many choices there are in Oregon. The ranking data listed below could help you choose which providers you want to consider buying from.
The ratings below include companies with a national presence, so companies that may only write in Oregon will not be included in the list. If you wish to compare prices from these top insurers and more, just click here.
Top 10 Large Auto Insurance Companies Overall in Portland
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Progressive
- Allstate
- Nationwide
Should you buy full coverage?
Saving money on auto insurance is the goal of the majority of vehicle owners, and one of the quickest ways to find cheap insurance for used cars is to not pay for full coverage. The illustration below shows the difference between auto insurance costs when comparing full coverage to liability only. The premium estimates are based on no accidents, no driving violations, $250 deductibles, drivers are single, and no additional discounts are factored in.
Averaged out for all age groups, full coverage on your policy costs $1,682 per year over and above liability coverage. That raises the question when is it a good idea to stop buying full coverage. There is no exact formula for eliminating full coverage on your policy, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.
Chances are good that you’re overpaying for Portland car insurance
Portland auto insurance rates are impacted by many things that may substantially change the cost of your policy. Simply turning a year older, marrying your spouse, or getting a driving violation may prompt premium changes that can cause some rates to be cheaper than others. Not only may things change on your end, but companies file new Oregon car insurance rates as needed to ensure their profitability. An extended period of higher than normal claims can cause rate hikes, while less frequent claims may cause lower-cost Portland car insurance rates.
For instance, the bar chart below analyzes the cheapest car insurance in Portland, OR for a 30-year-old female driver with a clean driving record, no accidents, and solid credit. When quoting prices based on her current risk factors, Grange may have the lowest car insurance rates in Portland at $948 each year. This is $530 less than the average premium paid by Oregon drivers of $1,478. Oregon Mutual, Country, Travelers, and USAA are the remainder of the top five cheapest Portland, OR auto insurance companies.
Now we will give the driver in the first example a claim surcharge, bad credit, and a stop sign violation. Due to the fact that every auto insurer has a unique formula for establishing rates, analyzing rate quotes may now show a completely different list of the cheapest companies as shown below.
Amica now has the lowest price in Portland, OR with Allied, GEICO, Oregon Mutual, and Country also being competitive. This example illustrates why consumers need to spend some time comparing rates when trying to get the most economical car insurance rates for used cars.
Auto insurance prices are influenced by many factors and can decrease or increase without notice, so the best option a year ago may now cost much more than other companies.