Who Has the Cheapest Car Insurance Quotes for Drivers Under 21 in Oregon?

One of the key criteria that insurance companies take into consideration when calculating auto insurance rates is where your home is located in Oregon. Areas with more people or more claims like Gresham, Oregon City, and Lake Oswego are more likely to pay higher prices, whereas cities that are not as densely populated have the luxury of lower rates.

The following table sorts the most expensive places in Oregon for drivers under 21 to buy auto insurance in.

Premium amounts are estimated as the specific garaging location can alter premiums significantly.

Finding out which company quotes the best auto insurance rates for drivers under 21 may require a little more effort in order to find a policy that fits your budget.

Every insurance company has a different process for setting prices, so let’s take a look at the most affordable auto insurance companies in Oregon. It’s important that readers know that Oregon auto insurance rates are determined by lots of factors which can significantly increase or decrease the cost of coverage. Simply improving your credit, buying a different vehicle, or getting into an accident may cause policy rate changes that may make certain companies cheaper than before.

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Grange has some of the most affordable car insurance rates in Oregon at around $715 annually. Oregon Mutual, Country, Travelers, and USAA would also be considered some of the lowest-priced Oregon insurance companies.

In the rate table above, if you currently buy coverage from Travelers and switched to Grange, you could realize savings of in the vicinity of $199. Customers with USAA may save as much as $264 a year, and State Farm policyholders might reduce rates by $325 a year.

To see how much you can save, click here to start a quote or click through to the companies below.

These premium estimates are averaged for all drivers and vehicles and do not factor in a price increase for drivers under 21. So the insurer that can offer you the best price may not even be shown in the list of companies shown earlier. That affirms the importance of why you need to compare rates from as many companies as possible using your own driver data and vehicle information.

The car, truck, or SUV you are trying to insure is one of the primary factors that determines if you can find the cheapest car insurance for drivers under 21 in Oregon. Vehicles with higher performance, poor safety features, or a track record of large liability claims will cost substantially more to insure than safer models.

The next table illustrates coverage costs for some of the most economical automobiles to insure in Oregon.

Above prices assume single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in the specific area where the vehicle is garaged which can modify coverage rates greatly.

Looking at the rates, you can figure that cars like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Toyota Prius will definitely be a few of the most budget-friendly vehicles to insure for minors. The price for an auto insurance policy will tend to be more expensive just because there is more claim exposure for drivers under 21, but in general those makes and models will have the least expensive rates compared to other types of vehicles.

Buying coverage from the highest-rated insurance company can be rather challenging considering how many different insurance companies sell coverage in Oregon. The ranking information in the next section can help you analyze which auto insurance companies to look at to insure your vehicles.

The ratings below are for companies that insure vehicles across America, so smaller companies that only insure vehicles in Oregon are not taken into consideration for this list. To compare prices from these companies and more, just click here.

The diagram below illustrates how your choice of deductibles can affect insurance rates when quoting cheap insurance for drivers under 21. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

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In the chart above, a 40-year-old driver could lower their car insurance rates by $262 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $398 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old, can cut $860 every year by choosing a higher deductible.

When choosing a higher deductible, it is essential to have additional savings on hand to be able to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

Company comparison: Geico vs State Farm vs Progressive vs Allstate

When researching car insurance for minors, the companies that insure more vehicles than anyone else are Geico, State Farm, Progressive, and Allstate. They all offer your standard coverages, but each one has slightly different options that buyers can choose from. The following table compares ratings for price and service, as well as some optional coverages offered by each one.