How Much Does Auto Insurance Cost for Drivers Requiring a SR22 in Oregon?

Finding dependable, reasonably-priced car insurance is tough enough, and determining which companies offer the most affordable auto insurance rates for drivers requiring a SR22 takes a little more work. Policy prices could be significantly greater than the average policy in Oregon, with the higher price attributed to the additional risk that comes with offering insurance for high risk drivers, but reasonable insurance should be achievable if you shop around. Every insurance provider uses a different method to determine rates, so we need to take a look at the most affordable auto insurance companies in Oregon.

Keep in mind that Oregon auto insurance rates are calculated based on many things which can substantially change the price you have to pay for coverage. This is why it is so important to compare many different companies when trying to find the most budget-friendly auto insurance rates for drivers requiring a SR22. Insurance prices consist of many different factors and can increase or decrease at any time, so the most economical option two years ago may now be one of the more expensive options.

Cheap Insurance Rates for SR22 Drivers

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Grange may have some of the lowest car insurance rates in Oregon at around $687 a year. Oregon Mutual, Country, Travelers, and USAA would also make the list of some of the lowest-priced Oregon insurance companies.

As shown in the rates above, if you currently buy coverage from Travelers and switched to Grange, you may realize an annual premium reduction of about $237. Insureds with USAA may save as much as $254 a year, and State Farm policyholders might lower prices by $353 a year.

Remember that these premiums are averages for all drivers and vehicles and are not factoring in a price surcharge for drivers requiring a SR22. So the car insurance company that is most affordable for your situation may not even be in the rate chart shown above. That’s why you need to get rate quotes using your own driver information and specific vehicle type.

One of the more important components that help set insurance cost is where your residence is in Oregon. Densely populated urban areas like Gresham, Lake Oswego, and Beaverton tend to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates generally pay less for auto insurance.

The information below rates the more expensive cities in Oregon for drivers requiring a SR22 to purchase auto insurance in.

Prices are estimated as specific location information can change premium rates substantially.

The example below demonstrates how deductible levels can affect insurance costs when getting quotes for cheap insurance for drivers requiring a SR22. Data assumes a married male driver, comp and collision included, and no policy discounts are applied.

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The chart above illustrates that a 30-year-old driver could reduce rates by $342 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $518 by using a $1,000 deductible. Young drivers, like the Age 20 category, can save $1,038 every year just by choosing larger deductibles.

If you do decide to increase your deductibles, it is important to have enough savings set aside to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.