Auto Insurance Quotes for a Scion tC in Portland

It goes without saying that auto insurance companies don’t want you to look for cheaper rates. Consumers who compare price quotes will presumably buy a new policy because they stand a good chance of getting low-cost coverage. A recent car insurance study discovered that people who routinely shopped around saved $3,400 over four years as compared to drivers who never shopped around for lower prices.

If finding the best price on insurance in Portland is why you’re reading this, then having some knowledge of the best ways to find and compare car insurance can help you succeed in finding affordable rates.

Really, the only way to find affordable quotes for Scion tC insurance in Portland is to compare quotes annually from providers who sell auto insurance in Oregon. Prices can be compared by following these guidelines.

1. Try to comprehend how your policy works and the modifications you can make to prevent rate increases. Many things that are responsible for high rates like getting speeding tickets and an unacceptable credit history can be improved by making minor driving habit or lifestyle changes. Continue reading for the details to get cheaper coverage and find missing discounts.
2. Compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like GEICO and State Farm, while agents who are independent can provide prices for many different companies. Get quotes now
3. Compare the price quotes to your existing policy to see if a cheaper rate is available in Portland. If you find better rates, ensure there is no coverage lapse between policies.
4. Give notification to your current company to cancel your existing policy. Submit a signed application and payment for your new policy. As soon as you can, store the certificate verifying proof of insurance in a readily accessible location in your vehicle.

One piece of advice is to compare the same amount of coverage on every quote request and and to get rates from as many car insurance companies as possible. This provides the most accurate price comparison and and a good selection of different prices.

The following companies provide price quotes in Portland, OR. If you want cheap auto insurance in Oregon, we recommend you compare several of them to get the most competitive price.

Why you need insurance for your tC

Despite the high insurance cost for a Scion tC in Portland, insurance is required by state law in Oregon and it also provides benefits you may not be aware of.

• Just about all states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability in order to license the vehicle. 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 tC, almost all lenders will make it mandatory that you buy insurance to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may insure your Scion at a much higher premium rate and force you to reimburse them for the much more expensive policy.
• Insurance protects both your vehicle and your personal assets. It will also provide coverage for medical bills incurred in an accident. Liability coverage, the one required by state law, will also pay for a defense attorney if you are sued as the result of an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of buying enough insurance more than cancel out the cost, especially with large liability claims. As of last year, the average driver in Oregon is overpaying more than $810 a year so compare quotes from several companies at every renewal to make sure the price is not too high.

Rates and detailed analysis

The rate information below outlines a range of insurance coverage prices for Scion tC models. Having knowledge of how car insurance premiums are figured helps drivers make decisions on which insurance to purchase.

Prices above based on married female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, multi-vehicle, and claim-free. Estimates do not factor in Portland location which can affect coverage rates considerably.

Policy deductible comparison

When shopping for insurance, a common question is which deductible level should you buy. The comparison tables below highlight the price difference when you choose different policy deductibles. The first rate table uses a $250 comprehensive and collision deductible and the second set of prices uses a $1,000 deductible.

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rates do not factor in specific zip code location which can lower or raise premiums greatly.

Based on the above data, using a $250 deductible costs about $27 more each month or $324 annually than requesting the higher $1,000 deductible. Since you would pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 28 months between claims, you would come out ahead if you choose a higher deductible.

The diagram below illustrates how choosing a deductible and can increase or decrease Scion tC insurance rates for different insured age categories. The premiums are based on a married female driver, comp and collision included, and no discounts are taken into consideration.

Scion tC liability rates compared to full coverage

The chart below illustrates the difference between Scion tC insurance premiums with full coverage and liability only. The data assumes no claims or violations, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

When to drop comp and collision

There is no exact formula for eliminating full coverage on your policy, but there is a general convention. If the annual cost of having full coverage is about 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your Scion tC claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after the deductible is paid. If it’s costing in excess of $800 a year for your policy with full coverage, then it might be time to buy liability only.

There are some situations where dropping full coverage is not financially feasible. If you haven’t paid off your loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not eliminate full coverage.

Don’t neglect these discounts

Car insurance companies do not advertise every available discount very clearly, so we break down some of the more common and the harder-to-find credits available to you.

• Early Payment Discounts – If you pay your entire premium ahead of time rather than paying in monthly installments you could save up to 5%.
• Senior Citizens – Drivers over the age of 55 may qualify for a discount up to 10%.
• Early Renewal Discounts – Some insurance companies reward drivers for signing up before your current coverage expires. You can save around 10% with this discount.
• Membership in Organizations – Joining a professional or civic organization could earn you a nice discount on your next renewal.
• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them complete a driver education course if offered at their school.
• ABS and Traction Control Discounts – Vehicles with ABS and/or traction control can avoid accidents and the ABS can save up to 10%.
• No Charge for an Accident – Not a discount per se, but certain companies permit an accident before raising your premiums so long as you are claim-free for a particular time prior to the accident.

As a footnote on discounts, many deductions do not apply to the entire cost. Most only cut individual premiums such as collision or personal injury protection. Despite the fact that it seems like you can get free auto insurance, car insurance companies aren’t that generous.

The chart below illustrates the comparison of Scion tC annual premium costs with and without discounts applied to the policy rates. The information is based on a male driver, no claims or driving citations, Oregon state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, safe-driver, multi-car, marriage, claim-free, and multi-policy discounts applied.

A few of the larger companies and their offered discounts can be found below.

• Farmers Insurance has discounts for bundle discounts, business and professional, teen driver, good student, pay in full, and homeowner.
• Esurance offers discounts for good student, multi-car, online shopper, claim free, and renters.
• State Farm may include discounts for Steer Clear safe driver discount, safe vehicle, Drive Safe & Save, driver’s education, and anti-theft.
• GEICO has savings for air bags, multi-policy, multi-vehicle, good student, defensive driver, and federal employee.
• Allstate offers discounts including teenSMART discount, 55 and retired, good student, anti-theft, and early signing.

Check with every company how you can save money. Some credits might not be available to policyholders everywhere.