Astonishing but true according to a recent study, about 70% of customers have purchased from the same company for a minimum of four years, and approximately 38% of consumers have never compared quotes from other companies. Portland consumers could pocket 60% a year, but most just don’t grasp the large savings they would see if they switched to a more affordable policy.
The best way we recommend to quote cheaper Chrysler 300 insurance in Portland is to start comparing rates regularly from companies who can sell car insurance in Oregon.
- Spend a few minutes and learn about coverages and the measures you can take to drop your rates. Many factors that increase rates like inattentive driving and a bad credit score can be amended by improving your driving habits or financial responsibility. This article gives instructions to help find cheaper rates and find overlooked discounts.
- Obtain price quotes from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give rate quotes from one company like GEICO or Allstate, while agents who are independent can provide prices from multiple insurance companies.
- Compare the new rate quotes to the premium of your current policy and determine if there is any savings. If you find better rates, make sure coverage is continuous and does not lapse.
- Tell your current agent or company of your intention to cancel your current auto insurance policy and submit the required down payment along with the signed application to your new insurance company. Make sure you keep your new certificate verifying coverage with the vehicle registration.
A key point to remember is to use the same level of coverage on every quote request and and to get quotes from every insurance company. This helps ensure an apples-to-apples comparison and a complete price analysis.
First Step: Get free Chrysler 300 insurance quotes
The are a couple different ways of comparing rates from many different Oregon insurance companies. The fastest way to find competitive insurance rates consists of shopping online. When comparison shopping, having more price comparisons helps locate a better price.
The following companies provide free rate quotes in Oregon. To get cheap auto insurance in Portland, it’s highly recommended you compare several of them in order to find the most affordable rates.
Insurance analysis for a Chrysler 300
The premium information shown next showcases different rate quotes for Chrysler 300 models. Learning how rate quotes are figured can help customers make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $206 | $364 | $330 | $20 | $98 | $1,018 | $85 |
| 300 Touring Plus 4-Dr Sedan | $206 | $364 | $330 | $20 | $98 | $1,018 | $85 |
| 300 Touring AWD 4-Dr | $206 | $364 | $330 | $20 | $98 | $1,018 | $85 |
| 300 S V6 4-Dr Sedan | $206 | $364 | $330 | $20 | $98 | $1,018 | $85 |
| 300 Touring Signature 4-Dr Sedan | $206 | $364 | $330 | $20 | $98 | $1,018 | $85 |
| 300 Touring Executive 4-Dr Sedan | $206 | $364 | $330 | $20 | $98 | $1,018 | $85 |
| 300 Touring Signature AWD 4-Dr | $230 | $418 | $330 | $20 | $98 | $1,096 | $91 |
| 300 Limited 4-Dr Sedan | $230 | $418 | $330 | $20 | $98 | $1,096 | $91 |
| 300 C 4-Dr Sedan | $230 | $418 | $330 | $20 | $98 | $1,096 | $91 |
| 300 S V8 4-Dr Sedan | $230 | $418 | $330 | $20 | $98 | $1,096 | $91 |
| 300 Limited AWD 4-Dr | $230 | $418 | $330 | $20 | $98 | $1,096 | $91 |
| 300 C AWD 4-Dr | $230 | $418 | $330 | $20 | $98 | $1,096 | $91 |
| 300 SRT-8 4-Dr Sedan | $230 | $418 | $330 | $20 | $98 | $1,096 | $91 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, multi-vehicle, and safe-driver. Information does not factor in specific location information which can decrease or increase premium rates considerably.
Insurance deductibles
One common question asked by Portland drivers is where should you set your physical damage deductibles. The following insurance rates can help illustrate how much more you’ll pay of buying low and high policy deductibles. The first rate quote example uses a $250 deductible and the second price chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| 300 Touring Plus 4-Dr Sedan | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| 300 Touring AWD 4-Dr | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| 300 S V6 4-Dr Sedan | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| 300 Touring Signature 4-Dr Sedan | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| 300 Touring Executive 4-Dr Sedan | $278 | $490 | $320 | $18 | $96 | $1,227 | $102 |
| 300 Touring Signature AWD 4-Dr | $310 | $564 | $320 | $18 | $96 | $1,333 | $111 |
| 300 Limited 4-Dr Sedan | $310 | $564 | $320 | $18 | $96 | $1,333 | $111 |
| 300 C 4-Dr Sedan | $310 | $564 | $320 | $18 | $96 | $1,333 | $111 |
| 300 S V8 4-Dr Sedan | $310 | $564 | $320 | $18 | $96 | $1,333 | $111 |
| 300 Limited AWD 4-Dr | $310 | $564 | $320 | $18 | $96 | $1,333 | $111 |
| 300 C AWD 4-Dr | $310 | $564 | $320 | $18 | $96 | $1,333 | $111 |
| 300 SRT-8 4-Dr Sedan | $310 | $564 | $320 | $18 | $96 | $1,333 | $111 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 300 Touring 4-Dr Sedan | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| 300 Touring Plus 4-Dr Sedan | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| 300 Touring AWD 4-Dr | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| 300 S V6 4-Dr Sedan | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| 300 Touring Signature 4-Dr Sedan | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| 300 Touring Executive 4-Dr Sedan | $172 | $308 | $320 | $18 | $96 | $914 | $76 |
| 300 Touring Signature AWD 4-Dr | $192 | $356 | $320 | $18 | $96 | $982 | $82 |
| 300 Limited 4-Dr Sedan | $192 | $356 | $320 | $18 | $96 | $982 | $82 |
| 300 C 4-Dr Sedan | $192 | $356 | $320 | $18 | $96 | $982 | $82 |
| 300 S V8 4-Dr Sedan | $192 | $356 | $320 | $18 | $96 | $982 | $82 |
| 300 Limited AWD 4-Dr | $192 | $356 | $320 | $18 | $96 | $982 | $82 |
| 300 C AWD 4-Dr | $192 | $356 | $320 | $18 | $96 | $982 | $82 |
| 300 SRT-8 4-Dr Sedan | $192 | $356 | $320 | $18 | $96 | $982 | $82 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Rate quotes do not factor in specific zip code location which can affect prices greatly.
We can derive from the above data that using a $250 deductible will cost you approximately $28 more each month or $336 annually averaged for all 300 models than buying the higher $1,000 deductible. Because you would be required to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you average at a minimum 27 months between claim filings, you would most likely save money by going with a higher deductible.
How to decide to raise your deductibles
| Average monthly premium for $250 deductibles: | $107 |
| Average monthly premium for $1,000 deductibles (subtract): | – $79 |
| Monthly savings from raising deductible: | $28 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $28 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 27 months |
Driving violations and accidents
The chart below illustrates how traffic citations and at-fault claims can drive up Chrysler 300 insurance prices for different age groups of insureds. The rates are based on a single male driver, full coverage, $250 deductibles, and no discounts are applied.
Three reasons to not skimp on insurance
Despite the potentially high cost of Chrysler 300 insurance, insurance is required for several reasons.
- The majority of states have mandatory liability insurance requirements which means it is punishable by state law to not carry a minimum amount of liability protection in order to be legal. In Oregon these limits are 25/50/20 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $20,000 of property damage coverage.
- If you have a loan on your vehicle, it’s guaranteed your bank will make it mandatory that you have insurance to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank will be required to insure your Chrysler at a much higher premium rate and require you to pay the higher premium.
- Insurance preserves not only your Chrysler but also your financial assets. It will also reimburse you for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability coverage also covers all legal expenses up to the policy limit if you cause an accident and are sued. If your car is damaged in a storm or accident, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of insuring your 300 definitely exceed the price paid, particularly when you have a large claim. Unknowingly, the average driver overpays as much as $865 each year so you should quote rates once a year at a minimum to be sure current rates are still competitive.
Components of Your Chrysler 300 Insurance Premiums
Many factors are part of the calculation when premium rates are determined. Some are obvious like an MVR report, although some other factors are not as apparent such as your credit history or how safe your car is. It’s important that you understand the different types of things that help calculate your policy premiums. If you have some idea of what determines premiums, this helps enable you to make changes that may result in much lower annual insurance costs.
- Marriage can lower costs – Having a spouse can get you a discount compared to being single. Having a significant other translates into being less irresponsible and it’s statistically proven that married couples file fewer claims.
- Don’t buy incidental coverages that aren’t used – There are many add-on coverages that sound like a good idea at the time on your auto insurance policy. Add-on coverages like coverage for rental cars, towing, and Farm Bureau memberships may not be needed and are just wasting money. They may seem good when buying your policy, but your money might be better spent on other coverage so get rid of them and save.
- Safeguard your assets with liability coverage – The liability coverage on your policy will protect you if a court rules you are at fault for personal injury or accident damage. Your liability coverage provides legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so insureds should have plenty of protection for their assets.
- Safer cars lower prices – Cars with five star safety ratings tend to have lower insurance rates. The safest vehicles reduce injuries and better occupant protection translates into savings for insurance companies passed on to you as lower rates.
- Stress out and pay more – Jobs such as military generals, business owners, and emergency personnel tend to pay higher rates than average in part from stressful work requirements and incredibly demanding work hours. Conversely, jobs like actors, athletes and performers pay lower than average rates.
- Always keep your auto insurance in place – Going without insurance can be a fast way to pay more for auto insurance. And not only will insurance be more expensive, failure to provide proof of insurance could result in a steep fine or even jail time. You may then have to submit proof of financial responsibility or a SR-22 with the Oregon motor vehicle department to get your license reinstated.
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Insurance loss data for Chrysler 300 vehicles – Auto insurance companies analyze historical claim data to determine a price that will be profitable for them. Vehicles that the data shows to have higher claim frequency or loss amount will be charged more to insure. The data below shows the compiled insurance loss statistics for Chrysler 300 vehicles.
For each insurance policy coverage type, the loss probability for all vehicles averaged together is represented as 100. Values under 100 are indicative of better than average losses, while values over 100 indicate a higher chance of having a claim or statistically larger claims.
Chrysler 300 Insurance Loss Statistics Specific Chrysler Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Chrysler 300 2WD 115 103 178 134 136 114 Chrysler 300 4WD 109 100 206 113 96 104 Chrysler 300 HEMI 125 96 225 105 114 117 BETTERAVERAGEWORSEStatistics from IIHS.org for 2013-2015 Model Years
Cheap Portland car insurance rates with discounts
Insuring your fleet can be pricey, but there’s a good chance there are discounts that can dramatically reduce your bill. Many of these discounts will be applied automatically at the time of quoting, but some discounts are required to be requested specifically prior to getting the savings.
- Discount for Low Mileage – Keeping the miles down on your Chrysler could qualify for slightly better car insurance rates than normal.
- Renewal Discounts – A few insurance companies give discounts for signing up before your current expiration date. You could save around 10% when you buy Portland auto insurance online.
- Good Driver Discount – Drivers who don’t get into accidents could pay up to 40% less than less cautious drivers.
- Accident Forgiveness – This isn’t a discount exactly, but a handful of insurance companies may permit one accident without getting socked with a rate hike as long as you don’t have any claims prior to the accident.
- College Student – Children who live away from home to go to college and do not have a car can receive lower rates.
Please keep in mind that most credits do not apply to the entire policy premium. Most cut the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like adding up those discounts means a free policy, it doesn’t quite work that way. But all discounts will help lower your policy premium.
The chart below illustrates the difference between Chrysler 300 insurance prices with and without discounts applied. The rates are based on a female driver, no violations or claims, Oregon state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, homeowner, multi-policy, and safe-driver discounts applied.
Car insurance companies that may offer many of the previously listed discounts include:
Before purchasing a policy, check with each company or agent what discounts are available to you. Discounts may not apply to policies in Portland. If you would like to see a list of insurance companies who offer cheap Chrysler 300 insurance quotes in Portland, follow this link.
Auto insurance is unique, just like you
When quoting and comparing coverage online or from an agent, there really is no perfect coverage plan. Everyone’s situation is a little different and your policy should reflect that.
For instance, these questions may help you determine whether you will benefit from professional help.
- Where can I get insurance after a DUI in Oregon?
- Does liability extend to a camper or trailer?
- Is my teen driver covered when they drive my company car?
- Who does medical payments coverage extend to?
- Can my teen driver be rated on a liability-only vehicle?
- What vehicles should carry emergency assistance coverage?
- How high should my medical payments coverage be?
- Should I bundle my homeowners policy with my auto?
- What happens if I owe more than my Chrysler 300 is worth?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier
Get rate quotes but buy from a neighborhood Portland auto insurance agent
Many people still prefer to get advice from a local agent and doing so can bring peace of mind A nice benefit of comparing rates online is that you can obtain cheaper car insurance rates and still have an agent to talk to.
Once you complete this form (opens in new window), your insurance data is immediately sent to local insurance agents in Portland that can provide free Portland auto insurance quotes for your auto insurance coverage. It makes it easy because there is no need to even leave your home as quotes are delivered to your email. You can find the lowest rates without the usual hassles of price shopping. If for some reason you want to get a comparison quote from one company in particular, you would need to search and find their rate quote page and complete a quote there.
Deciding on an provider should include more criteria than just a cheap quote. Before buying a policy in Portland, get answers to these questions.
- Do the agents have professional certifications like CPCU or CIC?
- Does the quote include credit and driving reports?
- Does the company have a local claim office in Portland?
- Does the agency have a current Errors and Omissions policy?
- Do they specialize in personal lines coverage in Portland?
Types of auto insurance agents in Portland
When searching for a local Portland insurance agency, you must know there are a couple different agency structures and how they differ in how they quote coverages. Auto insurance agents are either exclusive agents or independent agents.
Exclusive Insurance Agents
These type of agents can only provide one company’s prices and some examples include Allstate, State Farm and Farm Bureau. Exclusive agencies are unable to provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents receive extensive training on sales techniques which helps them compete with independent agents. Some insured continue to buy from exclusive agents mostly because of the brand name and solid financial strength.
Shown below are Portland exclusive insurance agents willing to provide price quotes.
- Pete Zavos – State Farm Insurance Agent
8305 SE Monterey Ave #102 – Portland, OR 97086 – (503) 653-6392 – View Map - Lidia Mazun – State Farm Insurance Agent
11916 SE Division St – Portland, OR 97266 – (503) 761-1444 – View Map - Kilong Ung – State Farm Insurance Agent
4000 SE 82nd Ave #1400 – Portland, OR 97266 – (503) 777-6762 – View Map
Independent Auto Insurance Agents
These agents often have many company appointments and that allows them to write policies through many different auto insurance companies and get the cheapest rates. If you are not satisfied with one company, they simply switch companies in-house and you stay with the same agent. When comparing rates, we recommend you get quotes from several independent insurance agents to get the best comparison. Many independent agencies also insure through small regional insurance companies which may have better rates.
The following are independent agents in Portland who can help you get rate quotes.
- Nationwide Insurance: Eric L Weber Agency
4415 NE Sandy Blvd Ste 200 – Portland, OR 97213 – (503) 249-7667 – View Map - Metro One Insurance Agency
3423 S Telegraph Rd, Dearborn, MI 48124 – Dearborn, OR 48124 – (313) 456-9455 – View Map - WelPland Insurance, SE Portland and Clackamas County
5845 SE 82nd Ave – Portland, OR 97266 – (503) 777-5406 – View Map
Be persistent to save money
As you go through the steps to switch your coverage, don’t be tempted to skimp on critical coverages to save a buck or two. Too many times, someone dropped liability coverage limits only to regret they didn’t purchase enough coverage. Your strategy should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.
We’ve covered some good ideas how to save on Chrysler 300 insurance in Portland. The most important thing to understand is the more providers you compare, the better your chances of lowering your premium rates. You may even find the lowest car insurance rates are with a smaller regional carrier. Regional companies may often insure only within specific states and give better rates than the large multi-state companies such as Progressive or GEICO.
Additional information is located at the links below
- Driving in Bad Weather (Insurance Information Institute)
- Who Has Cheap Auto Insurance for a Toyota Tacoma in Portland? (FAQ)
- How Much is Portland Auto Insurance for a Nissan Altima? (FAQ)
- Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in Portland? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for Drivers with a DUI in Portland? (FAQ)
- What Insurance is Cheapest for 16 Year Olds in Portland? (FAQ)
- Things to Know Before you Cancel Insurance (Allstate)
- Crash Avoidance Technologies FAQ (iihs.org)
- How Does Hitting a Deer Impact Insurance Rates? (Allstate)
- Coverage Information (Progressive Insurance)