Save Money on Jeep Compass Insurance in Portland

The best way we recommend to quote cheaper Jeep Compass insurance is to regularly compare prices from different companies in Portland.

Step 1: Get an understanding of auto insurance and the factors you can control to prevent high rates. Many things that result in higher rates like traffic tickets, fender benders, and a low credit rating can be controlled by paying attention to minor details. Later in this article we will cover more ideas to get affordable coverage and get additional discounts that may have been overlooked.

Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can provide rates from a single company like Progressive or State Farm, while independent agencies can give you price quotes for many different companies.

Step 3: Compare the new rate quotes to your existing policy to determine if switching companies saves money. If you find better rates and make a switch, make sure the effective date of the new policy is the same as the expiration date of the old one.

Step 4: Notify your agent or company of your decision to cancel your current auto insurance policy and submit a down payment along with a signed application to your new agent or company. Make sure you keep the new certificate verifying coverage above your visor, in the console, or in the glove compartment.

One thing to point out is to compare the same level of coverage on each quote and and to get prices from every insurance company. This provides a level playing field and many rates to choose from.

Smart shoppers know that auto insurance companies don’t want policyholders to compare prices from other companies. Drivers who shop around for the cheapest price will probably switch auto insurance companies because of the high probability of finding a cheaper policy. A recent survey discovered that drivers who compared prices regularly saved about $3,450 over four years compared to people who didn’t regularly shop around.

If finding budget-friendly rates on Jeep Compass insurance is why you’re reading this, knowing the best way to quote and compare insurance premiums can help simplify the process.

Discounts mean cheaper rates for Jeep Compass insurance in Portland

Companies offering auto insurance do not list their entire list of discounts very clearly, so the list below gives a summary of a few of the more well known as well as the least known credits available to bring down your rates.

• Multi-car Discount – Purchasing coverage when you have multiple cars on the same auto insurance policy can reduce the rates for all insured vehicles.
• Portland Homeowners Discount – Just being a homeowner can save a few bucks since home ownership demonstrates responsibility.
• Buy New and Save – Buying a new car instead of a used Compass can get you a discount because new vehicles keep occupants safer.
• Driver Safety – Successfully completing a course teaching driver safety skills is a good idea and can lower rates and also improve your driving technique.
• Include Life Insurance and Save – Larger auto insurance companies have better prices if you take out life insurance from them.
• Drivers Ed for Students – Require your teen driver to enroll and complete driver’s education in high school.
• Anti-lock Brake Discount – Cars that have anti-lock braking systems are safer to drive and will save you 10% or more on Compass insurance in Portland.
• Theft Deterrent System – Vehicles that have factory anti-theft systems are stolen with less frequency and earn discounts up to 10% off your Portland auto insurance quote.
• Air Bag Discount – Factory options such as air bags and/or automatic seat belt systems can receive discounts of 20 to 30 percent.

It’s important to understand that some of the credits will not apply to the entire cost. A few only apply to specific coverage prices like medical payments or collision. Despite the fact that it seems like adding up those discounts means a free policy, it just doesn’t work that way.

The chart below shows the comparison of Jeep Compass car insurance costs with and without discounts applied to the policy rates. The rates are based on a male driver, no claims, a clean driving record, Oregon state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-policy, homeowner, multi-car, claim-free, and marriage discounts applied.

Larger auto insurance companies and a partial list of their discounts can be found below.

• American Family includes discounts for defensive driver, good driver, multi-vehicle, early bird, and TimeAway discount.
• Nationwide may include discounts for multi-policy, business or organization, family plan, Farm Bureau membership, and defensive driving.
• MetLife offers discounts for defensive driver, multi-policy, good student, good driver, and accident-free.
• 21st Century offers premium reductions for automatic seat belts, teen driver, air bags, early bird, and student driver.
• Farmers Insurance may offer discounts for distant student, good student, early shopping, youthful driver, switch companies, and teen driver.
• Allstate discounts include anti-theft, premier plus, good student, safe driver, and passive restraint.

When comparing rates, check with every company the best way to save money. Some of the earlier mentioned discounts might not be available to policyholders in every state. To locate companies with discount auto insurance rates in Portland, click here to view.

The most recommended method to get rate comparisons for Jeep Compass insurance in Portland takes advantage of the fact most of the bigger providers actually pay money for the chance to give rate comparisons. To start a quote, the only thing you need to do is spend a couple of minutes providing details like whether your vehicle is owned or leased, if a SR-22 is required, the ages of drivers, and deductibles desired. Those rating factors is instantly submitted to multiple different insurance companies and you will get price comparisons almost instantly.

To start a quote now, click here and enter your coverage details.

The following companies provide quotes in Oregon. If you want cheap car insurance in Portland, it’s a good idea that you click on several of them to get a more complete price comparison.

Insurance coverage details

The coverage information shown next outlines a range of policy rates for Jeep Compass models. Learning a little about how insurance prices are figured is important to be able to make informed decisions when comparing rates.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in your specific Portland location which can influence coverage prices greatly.

Physical damage deductibles

A question often asked by Portland drivers is what deductibles to buy. The tables below may aid in understanding the costs and benefits between low and high coverage deductibles. The first rate quote example uses a $250 deductible and the second set of prices uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oregon minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price information does not factor in specific garaging location which can change insurance rates substantially.

Based on this data, we can arrive at the conclusion that using a $250 deductible could cost the average driver approximately $21 more each month or $252 for a full year averaged for all Compass models than requesting the higher $1,000 deductible. Since you would have to pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you go at least 36 months between claims, you would come out ahead if you choose the higher deductible.

The diagram below illustrates how your deductible choice and can increase or decrease Jeep Compass annual premium costs for different age groups. Data assumes a single male driver, comp and collision included, and no discounts are applied.

Full coverage versus liability-only in Portland

The illustration below illustrates the difference between Jeep Compass insurance premiums with full coverage and liability only. The prices are based on no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no discounts are applied to the premium.

Deciding between full coverage and liability only

There is no clear-cut rule to exclude physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the vehicle’s replacement cost less your deductible, then it may be the right time to buy liability only.

For example, let’s pretend your Jeep Compass claim settlement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after paying the physical damage deductible. If you are paying more than $600 a year to have full coverage, then you might want to consider buying only liability coverage.

There are some circumstances where dropping full coverage is not in your best interest. If you still have a loan on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.

How to Lower Your Insurance Premiums

Many different elements are part of the calculation when premium rates are determined. A few of the factors are predictable like your driving record, but other factors are not as apparent such as your marital status or your commute time. An important part of buying insurance is that you know some of the factors that are used to determine your premiums. If you know what determines premiums, this enables informed choices that could result in lower rates.

The factors shown below are some of the most rate-impacting factors that factor into your rates.

Rates and employer – Occupations like judges, architects, and emergency personnel generally have the highest rates attributed to intense work requirements and long work hours. Conversely, jobs like professors, historians and retirees get better rates.

Does auto insurance cost less for females? – Over the last 30 years, statistics show women tend to be less risk to insure than men. Now that doesn’t mean men are WORSE drivers than women. Both sexes tend to get into auto accidents at a similar rate, but men cause more damage. They also get more serious tickets such as driving while intoxicated (DWI) or driving recklessly.

The chart below shows the comparison of Jeep Compass premium costs for male and female drivers. The prices are based on no violations or claims, comp and collision included, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

Premiums are affected by your address – Living in less populated areas is a positive aspect when talking about auto insurance. Residents of big cities regularly have more road rage incidents and higher rates of accident claims. Fewer drivers means less chance of accidents and lower theft and vandalism rates.

More performance means higher rates – The type of vehicle you need to insure makes a big difference in how high your rates are. The lowest premiums will normally be found when insuring smaller low performance passenger cars, but other factors influence the final cost greatly.

The following chart is based on a single male driver age 30, full coverage with $1000 deductibles, and no discounts or violations. It compares Jeep Compass car insurance rates compared to other vehicles that have different performance rating factors.

Jeep Compass insurance loss data – Companies include the past claim trends for vehicles to help set a rate to offset losses. Models that the data determines to have higher number or severity of losses will cost more for coverage.

The next table shows the compiled insurance loss statistics for Jeep Compass vehicles. For each coverage category, the claim amount for all vehicles as a whole is represented as 100. Numbers shown that are under 100 suggest a better than average loss history, while values over 100 indicate more frequent claims or statistically larger losses.

Car insurance agents are trained to help

Some consumers would rather visit with an insurance agent and that is just fine! One of the great benefits of getting online price quotes is that drivers can save money and get cheap insurance quotes but also keep your business local.

After completing this quick form, your insurance coverage information is transmitted to insurance agents in Portland who will give you bids and help you find cheaper coverage. You won’t need to search for an agent because quoted prices will be sent to you directly. You can most likely find cheaper rates and a licensed agent to work with. In the event you want to compare prices from a specific insurance company, don’t hesitate to jump over to their website and fill out their quote form.

Deciding on an company is decision based upon more than just a cheap price quote. Agents should be asked these questions:

• What company do they have the most business with?
• If you have an accident, will your rates go up?
• What are their preferred companies if they are an independent agency?
• Are they actively involved in the community?
• Can you use your own choice of collision repair facility?
• When do they do a full risk review?

Below is a short list of auto insurance companies in Portland that can give you rate quotes for Jeep Compass insurance in Portland.

More insurance agents

If you feel you receive acceptable answers to any questions you have and a good coverage price, it’s possible that you found an insurance company that is professional and can adequately provide insurance. But remember, consumers can cancel your policy when you choose so don’t feel that you’re stuck with any particular company for any length of time.

Why you need quality insurance for your Compass

Even though it’s not necessarily cheap to insure a Jeep in Portland, paying for car insurance serves an important purpose.

• The majority of states have minimum mandated liability insurance limits which means you are required to buy a specific minimum amount of liability insurance in order to drive the car legally. 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 bought your Jeep Compass with a loan, most lenders will force you to have physical damage coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the lender will be forced to insure your Jeep at a more expensive rate and force you to pay for it.
• Car insurance protects both your Jeep and your personal assets. It will also provide coverage for hospital and medical expenses for both you and anyone you injure as the result of an accident. Liability coverage will also pay to defend you if anyone sues you for causing an accident. If damage is caused by hail or an accident, comprehensive and collision coverage will pay to repair the damage.

The benefits of buying enough insurance outweigh the cost, especially when you need to use it. Despite what companies tell you, the average driver overpays as much as $810 a year so we recommend shopping around at least once a year to ensure rates are inline.

Lower rates by being persistent

We covered a lot of techniques to find affordable Jeep Compass insurance in Portland. The key concept to understand is the more times you quote, the better your chances of lowering your premium rates. Consumers could even find that the biggest savings come from the smaller companies. Smaller companies may only write in your state and offer lower premium rates than their larger competitors like Allstate or State Farm.

When trying to cut insurance costs, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many situations where someone sacrificed full coverage and discovered at claim time that saving that couple of dollars actually costed them tens of thousands. Your goal is to purchase plenty of coverage at a price you can afford.

More information is available below:

• Auto Insurance Basics (Insurance Information Institute)
• What Car Insurance is Cheapest for a Chevrolet Silverado in Portland? (FAQ)
• How Much is Auto Insurance for Drivers Requiring a SR22 in Portland? (FAQ)
• Who Has Cheap Car Insurance Quotes for a Ford Explorer in Portland? (FAQ)
• Who Has the Cheapest Portland Auto Insurance Quotes for Good Students? (FAQ)
• What Auto Insurance is Cheapest for Drivers Over Age 50 in Portland? (FAQ)
• If I File a Claim will My Insurance Go Up? (Insurance Information Institute)
• Airbag FAQ (iihs.org)
• Can I Drive Legally without Insurance? (Insurance Information Institute)