Cheap Auto Insurance for Teenagers in Oregon

When shopping for insurance for teen drivers, one of the many things that insurance companies take into consideration when calculating the policy price is the neighborhood you call home in Oregon. Regions with larger populations or more claims like Gresham, Lake Oswego, and Woodburn tend to have more expensive car insurance rates, whereas areas with less crime or weather claims have the benefit of cheap car insurance for teenagers in Oregon.

The illustration below ranks the higher priced cities in Oregon for teenagers to purchase car insurance in.

Information shown are approximated as specific Oregon zip code can change rates significantly.

Deciding which companies offer the most affordable auto insurance rates for teenagers calls for a little more effort than just comparing rates from one or two companies.

Each auto insurance company has their own formula to set premium rates, so we’ll take a look at the most affordable auto insurance companies in Oregon.

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Grange may offer some of the best car insurance rates in Oregon at around $715 per year. Country, Oregon Mutual, USAA, and Travelers also are some of the most economical Oregon car insurance companies.

As shown in the rates above, if you buy coverage from Travelers and switched to Country, you may realize annual savings of upwards of $121. Customers with State Farm could save as much as $240 a year, and Amica customers might lower prices by up to $306 a year.

It’s important to note that these prices are averages across all insureds and vehicles and do not factor in a rate increase for teenagers. So the car insurance company that can offer you the best rate may not even be included in the chart above. That affirms the importance of why you need to get car insurance quotes using your own driver data and vehicle information.

The type of vehicle needing coverage is a large factor that determines the availablility of the lowest-priced car insurance for teenagers. Vehicles with high performance, a lack of advanced safety features, or a high likelihood of having liability claims will cost more to insure than safer, lower-performance models.

The table below shows auto insurance premiums for a selection of the cheaper automobiles to insure in Oregon.

Prices above based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific location which can influence insurance rates considerably.

Based upon these rates, we can infer that vehicles like the Honda CR-V, Ford Escape, and Chevrolet Traverse are likely to be the most budget-friendly vehicles to insure for teen drivers. The price of auto insurance will trend higher just due to the fact that there is more liability exposure for teenagers, but generally speaking those specific models will probably have the best rates compared to all other vehicles.

Liability only or full coverage

Finding cheap car insurance for teenagers in Oregon is the goal of the majority of people, and one way to buy cheaper insurance is to not buy full coverage. The example below illustrates the comparison of car insurance rates with full coverage and liability only. The rate quotes are based on no tickets, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are factored in.

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Averaged for all age groups, comp and collision coverage costs $1,814 per year over having just liability coverage. At some point, about every driver wonders if full coverage is worth the money. There is no definitive formula of when to drop full coverage on your policy, but there is a general convention. If the annual cost of coverage is more than 10% of the replacement cost minus the deductible, then it might be time to buy liability only.

Allstate, State Farm, Geico, and Progressive: Who is cheapest?

When researching auto insurance for teen drivers in Oregon, four of the best places to start are Allstate, State Farm, Geico, and Progressive. They all have the same basic coverages, but each one has unique features and discounts that you can choose from. The next table rates some of the different features that are available for policyholders.

Who has the cheapest insurance quotes for teen drivers?

Drivers have a lot of different ways to compare cheaper auto insurance rates in Oregon, but the three most common ways are from an independent or non-exclusive agent, an exclusive insurance agency like State Farm or Auto-Owners, or direct online or over the phone from a company like Geico or Progressive.

All three ways can provide auto insurance quotes, but it’s important to point out the distinctions in how they provide price quotes.

Independent agents can place your business with multiple companies and can compare coverage rates with every one. Independent agents possess the freedom to give you a larger rate selection, which may give you better odds of saving money. If they quote lower rates, your agent can switch companies and you do not have to find a new agent.

An exlusive, or captive, agency is limited to a single insurance company such as State Farm and Allstate agents. These agents are not able to provide prices from multiple companies, so if rates are not competitive, they cannot give other choices.

Buying from a direct company means skip a local agent and buy buying direct from a company like Progressive or Esurance. This option may be preferred by families who have fewer assets and know more than average about what specific coverages they need.

So comparing independent agents, exclusive agents, and direct, which one works best for finding cheap car insurance for teenagers in Oregon? Most people assume that buying from a direct company results in the cheapest price since there is no middleman, but that turns out to not be true. We could also assume that buying auto insurance from an independent agent is the best way because they can shop around, but again, it’s not necessarily true. For the right applicant, exclusive agencies have really good rates that are well below what direct and independents offer.

Since auto insurance prices vary so much, the only true way to not overpay for auto insurance is to get rate quotes and compare. To find the best rates, be sure to get price quotes all three ways to get a good idea who is cheapest. To see some of the cheapest online companies available, click here to view.

How to find budget-friendly insurance for teenagers

It’s not impossible to find cheaper rates, and here are some money-saving solutions that can help Oregon drivers get the cheapest car insurance.

• Higher deductibles save money
• Save money by obeying traffic laws and keeping a clean driving record
• Safe vehicles generally have lower rates
• Improve your credit
• Do not insure for full coverage
• Prevent price hikes by avoiding at-fault accidents
• Shop around for cheaper prices often

That last idea is notably vital, as was emphasized in the article above. Coverage prices can change significantly in a year, so don’t be hesitant to switch companies if a better rate can be found. Sticking with a specific company is fine, but it’s not recommended if that stubbornness costs you lots of money. Take a few minutes and compare prices to find cheaper car insurance for teenagers.