Trying to find low cost Toyota 4Runner insurance in Portland is kind of frustrating for drivers who have little experience online rate comparisons. With such a large number of online companies available, it can easily turn into more work than you anticipated to find more affordable Toyota 4Runner insurance rates.
Steps to buying discount Toyota 4Runner insurance in Portland
To save the most money, the best way to find cheaper prices for auto insurance rates in Portland is to start doing a yearly price comparison from different companies who provide auto insurance in Oregon. You can compare prices by following these guidelines.
Step 1: Spend a few minutes and learn about how companies set rates and the changes you can make to prevent high rates. Many factors that are responsible for high rates like speeding tickets, careless driving and a poor credit rating can be remedied by making minor driving habit or lifestyle changes.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can give you price quotes from many different companies.
Step 3: Compare the price quotes to the premium of your current policy and determine if there is any savings. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Give notification to your current company of your decision to cancel your current auto insurance policy. Submit the completed application along with a down payment to your new company or agent. Immediately store the proof of insurance paperwork in your vehicle.
A good tip to remember is to make sure you enter identical limits and deductibles on each quote request and to quote with as many companies as feasibly possible. This provides an apples-to-apples comparison and a thorough price selection.
Regrettably, over 70% of Oregon drivers have been with the same company for a minimum of four years, and almost half have never compared car insurance rates at all. American consumers could save nearly 47% every year just by getting comparison quotes, but they mistakenly think it’s difficult to find lower-cost insurance by shopping around.
If you are paying for car insurance now, you will most likely be able to get lower rates using the techniques presented in this article. Quoting the most affordable insurance policy in Portland is not as time-consuming as you think. Nevertheless, Oregon drivers must understand the methods companies use to charge you for coverage.
Car insurance providers offering affordable price quotes in Oregon
The companies shown below are our best choices to provide price comparisons in Oregon. To get cheaper auto insurance in Portland, we suggest you get price quotes from several of them to find the cheapest car insurance rates.
Rates and detailed analysis
The premium information shown below outlines a range of prices for Toyota 4Runner models. Learning how insurance quotes are calculated can help drivers make informed purchases.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| 4Runner Sport 2WD | $218 | $312 | $354 | $20 | $106 | $1,010 | $84 |
| 4Runner SR/5 2WD | $218 | $380 | $354 | $20 | $106 | $1,078 | $90 |
| 4Runner Sport 4WD | $218 | $380 | $354 | $20 | $106 | $1,078 | $90 |
| 4Runner SR/5 4WD | $218 | $380 | $354 | $20 | $106 | $1,078 | $90 |
| 4Runner Trail Edition 4WD | $242 | $446 | $354 | $20 | $106 | $1,168 | $97 |
| 4Runner Limited 2WD | $242 | $446 | $354 | $20 | $106 | $1,168 | $97 |
| 4Runner Limited 4WD | $242 | $446 | $354 | $20 | $106 | $1,168 | $97 |
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Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in garaging location in Portland which can change premium rates noticeably.
The information below shows how different deductible levels and can raise or lower Toyota 4Runner yearly insurance costs for different age groups of insureds. Data assumes a married female driver, comprehensive and collision coverage, and no additional discounts are factored in.
Full coverage or liability only
The example below shows the comparison of Toyota 4Runner insurance prices when comparing full coverage to state minimum liability only. The rates are based on no claims or driving violations, $250 deductibles, marital status is single, and no discounts are factored in.
Should you pay for full coverage or liability only?
There is no definitive guideline to drop physical damage coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the settlement you would receive from your company, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Toyota 4Runner book value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $8,000 after paying your deductible. If it’s costing you more than $800 annually for full coverage, the it may be a good time to stop paying for full coverage.
There are a few cases where dropping physical damage coverage is not in your best interest. If you haven’t satisfied your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.
Lower rate quotes on Toyota 4Runner insurance in Portland with these discounts
The price of auto insurance can be rather high, but you might find some hidden discounts that many people don’t even know exist. A few discounts will be applied when you complete an application, but some may not be applied and must be requested specifically before you will receive the discount.
- Clubs and Organizations – Participating in certain professional organizations may earn a discount when shopping for insurance.
- Early Switch Discount – Select larger companies give a discount for switching companies before your current 4Runner insurance policy expires. It can save you around 10%.
- Bundle and Save – If you insure your home and vehicles and place coverage with the same company you could get a discount of nearly 15% which can help you find inexpensive Toyota 4Runner insurance in Portland.
- No Accidents – Portland drivers who stay claim-free pay less as opposed to drivers who are more careless.
- Student Discount for Driver Training – Require your teen driver to enroll in driver’s education as it can save substantially.
One last thing about discounts, many deductions do not apply to the overall cost of the policy. Most only reduce individual premiums such as medical payments or collision. So even though they make it sound like having all the discounts means you get insurance for free, it doesn’t quite work that way. Any amount of discount should help lower the premium cost.
The diagram below compares Toyota 4Runner insurance costs with and without discounts being applied to the rates. Data assumes a male driver, no violations or claims, Oregon state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, multi-policy, marriage, multi-car, and homeowner discounts applied.
Insurance companies that may offer these money-saving discounts include:
When quoting, ask every insurance company the best way to save money. Some credits may not apply to policies in Portland. If you would like to choose from a list of companies that offer many of these discounts in Portland, click this link.
Learn How to Get Insurance Cheaper
Lots of things are used when you get a price on insurance. Most are fairly basic such as your driving record, but some are less apparent such as whether you are married and annual miles driven. An important part of buying insurance is that you know a few of the rating criteria that play a part in calculating the rates you pay for insurance. If you have some idea of what positively or negatively impacts your premiums, this enables you to make decisions that will entitle you to lower premium levels.
The items below are some of the items companies use to determine premiums.
Mileage impacts rates – The higher the mileage driven every year the more it will cost to insure it. Most insurance companies rate vehicles determined by how the vehicle is used. Autos that do not get driven very much qualify for better rates than vehicles that are driven to work every day. Double check that your insurance policy correctly shows how each vehicle is driven. Having an incorrect usage rating on your 4Runner is just wasting money.
Where you reside can modify prices – Having an address in a rural area has definite advantages when it comes to insurance. Fewer drivers on the road means less chance of accidents and also fewer theft and vandalism claims. Drivers who live in large Oregon cities regularly have congested traffic and higher rates of accident claims. Longer commute distances translates into higher accident risk.
File claims and pay more – If you are a frequent claim filer, you can definitely plan on either a policy non-renewal or much higher rates. Car insurance companies in Oregon provide most affordable rates to drivers who do not file claims often. Insurance coverage is designed for the bigger claims that can’t be paid out-of-pocket.
Females pay lower premiums – Statistics demonstrate that women are safer drivers than men. However, this does not mean females are better at driving than males. Males and females get in accidents at about the same rate, but the men get into accidents with more damage. In addition to higher claims, males also get ticketed for serious violations like DUI and reckless driving.
The chart below shows the comparison of Toyota 4Runner car insurance costs for male and female drivers. The costs are based on no violations or accidents, comprehensive and collision coverage, $100 deductibles, drivers are single, and no additional discounts are factored in.
Safety first – Safer cars cost less to insure. Vehicles built for safety protect occupants better and fewer serious injuries translates into savings for insurance companies and cheaper rates on your policy.
Qualify for multi-policy discounts – Lots of insurance companies apply a discount for people that have more than one policy such as combining an auto and homeowners policy. Discounts can add up to ten percent or more. If you currently are using one company, it’s in your best interest to comparison shop to ensure the best deal.
Insurance losses for a Toyota 4Runner – Insurance companies take into consideration insurance loss statistics for every vehicle as a tool for profitable underwriting. Models that have a trend towards higher claim severity or frequency will be charged more to insure.
The table below illustrates the actual insurance loss data for Toyota 4Runner vehicles. For each type of coverage, the claim probability for all vehicles, as an average, is a value of 100. Values that are 100 or less indicate better than average losses, while percentage numbers above 100 indicate more frequent claims or a tendency for claims to be larger.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Toyota 4Runner 4dr 2WD | 75 | 92 | 83 | 76 | 66 | 75 |
| Toyota 4Runner 4dr 4WD | 78 | 88 | 110 | 67 | 59 | 74 |
Statistics from IIHS.org for 2013-2015 Model Years
Local Portland insurance agencies and insurance
Some consumers still prefer to visit with an insurance agent and there is nothing wrong with that. A nice benefit of price shopping on the web is that you can find the best rates and still have an agent to talk to. And supporting local insurance agents is still important in Portland.
For easy comparison, once you complete this form (opens in new window), your information is instantly submitted to insurance agents in Portland who want to provide quotes to get your business. It makes it easy because there is no need to even leave your home due to the fact that quote results will go instantly to you. It’s the lowest rates without requiring a lot of work. If you have a need to get a price quote from one company in particular, you can always visit that company’s website and give them your coverage information.
Two types of Portland auto insurance agents
When searching for a good insurance agency, you need to know there are two types of insurance agents and how they can quote your rates. Portland agents are categorized either independent or exclusive.
Independent Insurance Agencies
Agents that choose to be independent can sell policies from many different companies so they have the ability to put coverage through lots of different companies and potentially find a lower price. If your agent finds better pricing, they can switch companies in-house which requires no work on your part. If you need cheaper insurance rates, you will definitely want to get several quotes from at least one independent agent so that you have a good selection of quotes to compare. Many write coverage with mutual insurance companies which could offer lower prices.
The following is a list of independent insurance agencies in Portland that can possibly get you free price quotes.
- Nationwide Insurance: Eric L Weber Agency
4415 NE Sandy Blvd Ste 200 – Portland, OR 97213 – (503) 249-7667 – View Map - Ross and Associates Insurance Services, Inc.
9201 SE 91st Ave – Portland, OR 97086 – (503) 698-3833 – View Map - Peninsula Insurance
12700 NW Cornell Rd – Portland, OR 97229 – (503) 644-5333 – View Map
Exclusive Insurance Agencies
These agents have only one company to place business with and some examples include State Farm, Allstate and AAA. Exclusive agencies are unable to provide other company’s prices so it’s a take it or leave it situation. They receive a lot of sales training on sales techniques and that can be a competitive advantage. Consumers often buy from the same agent for years partially due to the brand name and the convenience of having all coverages with one company.
The following are exclusive insurance agents in Portland that can give you comparison quotes.
- Kilong Ung – State Farm Insurance Agent
4000 SE 82nd Ave #1400 – Portland, OR 97266 – (503) 777-6762 – View Map - Michael Holton – State Farm Insurance Agent
7113 SW Macadam Ave – Portland, OR 97219 – (503) 517-9090 – View Map - Donna Tallman – State Farm Insurance Agent
6305 SE Powell Blvd – Portland, OR 97206 – (503) 771-2579 – View Map
Finding a good insurance agent needs to be determined by more than just the premium amount. Here are some questions you should ask.
- Which companies do they recommend if they are an independent agency?
- Is working in the agency their full-time job?
- How long have they worked with personal auto insurance coverage?
- How much can you save by raising your physical damage deductibles?
- What company holds the largest book of business for them?
Keep this in mind when shopping around
Low-cost Toyota 4Runner insurance in Portland can be bought both online in addition to many Portland insurance agents, so you need to shop Portland auto insurance with both so you have a total pricing picture. Some insurance providers may not offer online quoting and many times these smaller providers only sell coverage through independent insurance agents.
We covered a lot of techniques to reduce Toyota 4Runner insurance premium rates online in Portland. The key concept to understand is the more companies you get prices for, the better your chances of lowering your prices. Drivers may even discover the most savings is with a company that doesn’t do a lot of advertising.
People who switch companies do it for a variety of reasons including lack of trust in their agent, delays in paying claims, high prices and denial of a claim. No matter why you want to switch, finding a great new company can be easier than you think.
Steps to saving money on Toyota 4Runner insurance in Portland
If saving money is your primary concern, then the best way to find affordable car insurance rates is to compare quotes once a year from insurers who can sell car insurance in Portland.
Step 1: Try to learn a little about how car insurance works and the measures you can take to keep rates down. Many risk factors that result in higher prices like at-fault accidents and an imperfect credit rating can be rectified by paying attention to minor details.
Step 2: Request rate estimates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while independent agents can provide prices from many different companies.
Step 3: Compare the new quotes to your existing rates to determine if switching companies saves money. If you find better rates and make a switch, make sure coverage does not lapse between policies.
Step 4: Tell your current company to cancel your current coverage. Submit the signed application along with the required initial payment to the new company. Don’t forget to put the new certificate verifying coverage in an easily accessible location.
One tip to remember is to compare identical deductibles and limits on each quote request and and to get rates from all possible companies. Doing this enables a level playing field and the best price selection.
More tips and info about car insurance can be read at these sites:
- No-Fault Auto Insurance Statistics (Insurance Information Institute)
- How Much are Portland Auto Insurance Quotes for Postal Workers? (FAQ)
- Who Has Cheap Auto Insurance Rates for a School Permit in Portland? (FAQ)
- Who Has Affordable Portland Car Insurance for Drivers with Good Credit? (FAQ)
- How Much are Car Insurance Rates for Retired Military in Portland? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- Frontal Crash Tests (iihs.org)