If you want to find the absolute lowest rates, then the best way to save money on Toyota Venza insurance is to regularly compare price quotes from insurers that insure vehicles in Portland.
Step 1: Gain an understanding of how insurance works and the things you can change to keep rates in check. Many policy risk factors that result in higher rates such as careless driving and a substandard credit score can be improved by making minor changes to your lifestyle.
Step 2: Quote rates from direct, independent, and exclusive agents. Exclusive agents and direct companies can only quote rates from a single company like Progressive and State Farm, while independent agencies can provide prices for many different companies. View a list of agents
Step 3: Compare the new rate quotes to your existing rates to see if a cheaper price is available in Portland. If you find a lower rate quote, make sure the effective date of the new policy is the same as the expiration date of the old one.
Step 4: Provide notification to your current company to cancel your existing policy and submit a completed policy application and payment for your new policy. Once received, put the new proof of insurance certificate somewhere easily accessible.
One thing to remember is to use the same coverage limits and deductibles on each price quote and and to get quotes from as many different insurance providers as possible. This guarantees the most accurate price comparison and a thorough selection of prices.
It’s an obvious conclusion that insurance companies want to keep your business as long as possible. Drivers who get price quotes annually are very likely to switch companies because there is a great chance of finding a lower-cost company. A recent study showed that people who shopped around annually saved as much as $3,450 over four years compared to those who never shopped around.
If finding the cheapest rates on auto insurance is the reason you’re here, knowing the best ways to shop for insurance premiums can help simplify the task of finding more affordable coverage.
Buying the cheapest auto insurance in Portland is not rocket science. If you currently have auto insurance, you should be able to lower your rates using this information. But Oregon drivers must learn the methods companies use to price insurance differently because it can help you find the best coverage.
The best way we recommend to compare rates for Toyota Venza insurance in Portland is to know all the major auto insurance companies allow for online access to provide you with free rate quotes. All you need to do is give the companies some data like if you went to college, whether your vehicle is owned or leased, which vehicles you own, and whether you are single or married. That rating data is instantly provided to many of the top insurers and you will get price comparisons almost instantly.
To find the cheapest Toyota Venza insurance rates, click here and find out if lower rates are available in Portland.
The companies shown below have been selected to offer price quotes in Oregon. To get the best auto insurance in Portland, we recommend you visit two to three different companies in order to find the cheapest rates.
Do you qualify for discounts on Toyota Venza insurance in Portland?
Car insurance is expensive, but there’s a good chance there are discounts that you may not even be aware of. Some discounts will apply at the time of purchase, but a few must be asked for in order for you to get them.
- College Student Discount – Any of your kids living away from Portland attending college and don’t have a car could qualify for this discount.
- Good Student – Performing well in school can be rewarded with saving of up to 25%. The discount lasts well after school through age 25.
- Federal Government Employee – Simply working for the federal government can save as much as 8% with some car insurance companies.
- Portland Homeowners Pay Less – Just being a homeowner can save a few bucks because of the fact that having a home demonstrates responsibility.
- Discount for Passive Restraints – Factory options such as air bags and/or automatic seat belt systems may qualify for discounts up to 30%.
- Defensive Driver Discounts – Successfully completing a driver safety course could save 5% or more and easily recoup the cost of the course.
A little disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to specific coverage prices like liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, you’re out of luck.
The chart below shows the comparison of Toyota Venza auto insurance rates with and without discounts. The costs are based on a female driver, a clean driving record, no claims, Oregon state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, multi-policy, safe-driver, and marriage discounts applied.
Insurance companies that may have some of the above discounts are:
When getting a coverage quote, ask every insurance company how many discounts you can get. Some discounts listed above may not be available in your area. To locate car insurance companies that offer multiple discounts in Oregon, click here.
Data for Toyota Venza insurance
The rate information displayed below covers a range of coverage prices for Toyota Venza models. Learning more about how insurance premiums are established can assist in making decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $240 | $504 | $362 | $22 | $108 | $1,236 | $103 |
| Venza AWD 4-Dr | $240 | $504 | $362 | $22 | $108 | $1,236 | $103 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oregon minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, multi-vehicle, and safe-driver. Table data does not factor in specific location which can alter coverage rates substantially.
Where to set your deductibles
One common question asked by Portland drivers is how high should the physical damage coverage deductibles be. The rates below may help to conceptualize the price difference between low and high coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $310 | $586 | $320 | $18 | $96 | $1,355 | $113 |
| Venza AWD 4-Dr | $310 | $586 | $320 | $18 | $96 | $1,355 | $113 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Venza 2WD 4-Dr | $226 | $396 | $320 | $18 | $96 | $1,056 | $88 |
| Venza AWD 4-Dr | $226 | $396 | $320 | $18 | $96 | $1,056 | $88 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Price estimates do not factor in specific zip code location which can alter price quotes noticeably.
Based on the figures above, using a $100 deductible will cost you about $25 more each month or $300 a year than opting for the higher $500 deductible. Because you would be required to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to average at least 16 months between claims, you would probably come out ahead if you choose the higher deductible. Here is an example of how you can do this calculation yourself.
| Average monthly premium for $100 deductibles: | $113 |
| Average monthly premium for $500 deductibles (subtract): | – $88 |
| Monthly savings from raising deductible: | $25 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $25 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 16 months |
Informed Consumers Save More
Part of the auto insurance buying process is learning some of the elements that are used to determine the price you pay for auto insurance. When you understand what positively or negatively impacts your premiums, this allows you to make good choices that could help you find cheaper rates.
The factors shown below are a few of the things that factor into rates.
- Do you really need the add-on coverages? – There are a ton of add-on coverages that you can get tricked into buying on your auto insurance policy. Coverages like personal injury protection, towing, and motor club memberships may be costing you every month. These may sound like a good investment when you first buy your policy, but if you have no use for them consider taking them off your policy.
- Is you occupation costing you more? – Occupational choices like military generals, air traffic controllers, and stock brokers generally pay higher rates than average attributed to intense work requirements and lengthy work days. Conversely, careers such as professors, historians and homemakers receive lower rates.
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Older drivers pay less – Older people are more responsible, cost insurance companies less in claims, and get fewer tickets. Teen drivers are proven to be inattentive when driving with friends so they pay higher auto insurance rates.
The chart below uses these assumptions: single driver, full coverage with $1000 deductibles, and no discounts or violations.
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Fast cars cost more to insure – The make and model of the vehicle you need to insure makes a huge difference in the rate you pay. Smaller low performance passenger vehicles receive the most favorable rates, but other factors influence the final cost greatly.
The following chart is based on a married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. It illustrates Toyota Venza car insurance rates compared to other makes and models that have different performances.
- How much liability coverage do you need? – Your auto insurance policy’s liability coverage is the coverage that protects you in the event that a jury decides you are liable for causing personal injury or damage in an accident. This coverage provides legal defense up to the limits shown on your policy. It is affordable coverage when compared with rates for comp and collision, so insureds should have plenty of protection for their assets.
- Higher coverage deductibles reduce costs – Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your Toyota. Some instances where coverage would apply are a dented fender, collision with an animal, and having your car stolen. Comp and collision deductibles state the amount of money you are required to spend if a covered claim is submitted. The more of the claim the insured is willing to pay, the bigger discount you will receive.
- Safety first – Safer cars can get you lower premiums. Highly rated vehicles reduce occupant injuries and any reduction in injury severity translates into fewer and smaller insurance claims and lower rates for you.
- File auto insurance claims and pay more – If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Insurance companies in Oregon generally give the lowest premiums to people that do not abuse their auto insurance. Insurance coverage is intended to be relied upon for larger claims.
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Insurance loss probability for a Toyota Venza – Auto insurance companies use statistical claims data to help set a rate to offset losses. Vehicles that historically have a higher amount or frequency of claims will cost more to insure.
The next table illustrates the collected loss data for Toyota Venza vehicles. For each policy coverage, the loss probability for all vehicles, as an average, is considered to be 100. Numbers under 100 suggest a better than average loss history, while numbers above 100 indicate more frequent claims or an increased probability of a larger loss.
Auto Insurance Loss Data for Toyota Venza Models Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Toyota Venza 4dr 2WD 93 102 86 115 110 93 Toyota Venza 4dr 4WD 94 102 97 120 94 87 BETTERAVERAGEWORSEData Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Do I need a local insurance agent?
Certain consumers would rather visit with an insurance agent and that can be a great decision An additional benefit of comparing insurance prices online is you may find cheap car insurance quotes but also keep your business local.
After completing this quick form, your information is transmitted to local insurance agents in Portland who will give competitive quotes for your coverage. There is no reason to find an agent because quoted prices will be sent immediately to your email address. You can find the lowest rates without having to waste a lot of time. If you want to get a comparison quote for a specific company, you just need to visit that company’s website and submit a quote form there.
Deciding on a insurance company should include more criteria than just the bottom line cost. Any agent in Portland should have no problem answering these questions:
- What insurance companies do they recommend if they are an independent agent?
- Will your rates increase after a single accident?
- Do they prorate repair cost based on vehicle mileage?
- Can you use your own choice of collision repair facility?
- Which insurance companies are they affiliated with?
- Does the company use OEM repair parts?
- Are they properly licensed to sell insurance in Oregon?
Multiple types of car insurance agents in Portland
If you would like to find a reliable insurance agent, it helps to know the two different types of agencies and how they operate. Portland agents are either exclusive or independent (non-exclusive).
Exclusive Insurance Agencies
Agents that elect to be exclusive can only quote rates from one company such as Farmers Insurance, Allstate, or State Farm. They are unable to give you multiple price quotes so always compare other rates. Exclusive insurance agents are well trained on their company’s products which helps offset the inability to provide other markets. Some people will only use the same exclusive agent partially due to loyalty to the company rather than low rates.
Below are exclusive insurance agents in Portland who may provide you with price quote information.
- Mark Nguyen – State Farm Insurance Agent
14146 SE Stark St – Portland, OR 97233 – (503) 253-2110 – View Map - Pete Zavos – State Farm Insurance Agent
8305 SE Monterey Ave #102 – Portland, OR 97086 – (503) 653-6392 – View Map - Allstate Insurance: Damian Gobel
1511 SE 122nd Ave – Portland, OR 97233 – (503) 255-3490 – View Map
Independent Car Insurance Agents
These type of agents are not locked into one company and that enables them to quote your coverage with multiple insurance companies and possibly get better coverage at lower prices. If premiums increase, the business is moved internally and you can keep the same agent.
When comparing rates, you absolutely need to contact a few independent agents in order to have the best price comparison. Most also write with lesser-known insurance companies which may provide better rates.
The following is a list of independent insurance agencies in Portland that are able to give comparison quotes.
- Chamberlain Insurance
7831 SE Stark St #102 – Portland, OR 97215 – (503) 256-1448 – View Map - Oregon Insurance Advisor – Mark Strauss
5201 SW Westgate Dr #300 – Portland, OR 97221 – (503) 922-4847 – View Map - Pibal Insurance Brokers of Oregon
1314 NW Irving St – Portland, OR 97209 – (503) 287-8808 – View Map
Compare. Compare. Compare.
You just learned a lot of ways to shop for Toyota Venza insurance online. The key thing to remember is the more times you quote, the more likely it is that you will get a better rate. Drivers may even discover the lowest priced auto insurance comes from a small mutual company.
As you quote Portland auto insurance, it’s very important that you do not skimp on critical coverages to save a buck or two. There are too many instances where an insured dropped full coverage and found out when filing a claim they didn’t purchase enough coverage. Your objective should be to get the best coverage possible at the lowest possible cost, but do not sacrifice coverage to save money.
Low-cost Toyota Venza insurance in Portland is available both online and from local agencies, and you need to comparison shop both in order to have the best chance of saving money. Some companies may not offer internet price quotes and these smaller companies provide coverage only through independent agents.
To read more, feel free to browse these articles:
- Rollover Crash FAQ (iihs.org)
- Who Has the Cheapest Auto Insurance for Government Employees in Portland? (FAQ)
- Who Has Cheap Portland Auto Insurance Rates After a Speeding Ticket? (FAQ)
- What Auto Insurance is Cheapest for a Kia Optima in Portland? (FAQ)
- How Much is Portland Car Insurance for Young Drivers? (FAQ)
- All About Airbag Safety (State Farm)
- Dangers of fake or stolen airbags (Insurance Institute for Highway Safety)
- Should I Purchase an Umbrella Liability Policy? (Insurance Information Institute)
- What is Gap Insurance? (Insurance Information Institute)