Cheap Car Insurance After a Speeding Ticket in Oregon

You have seen the captivating commercials from insurers like Liberty Mutual and The General that guarantee enormous savings, so you should just choose the one with the flashiest ad, right?

It’s not that easy, however, as there are a whole slew of unknowns such as if you are married or single, whether you are female or male, and your choice of liability limits. Car insurance is kind of a dry topic, but this article will explain the best ways to avoid paying too much and will hopefully give you a good beginning to your quest for cheaper car insurance in Oregon.

Deciding which company offers the most affordable car insurance rates after a speeding ticket involves a tad more effort in order to find the best policy. Each auto insurer has a different process to determine premium rates, so let’s rank the most budget-friendly car insurance companies in Oregon.

Keep in mind that Oregon car insurance rates are impacted by many factors which can significantly increase or decrease the policy price. Getting older, increasing liability limits, or having an accident can trigger changes in premium resulting in some rates now being cheaper than others.

Cheapest Insurance Rates with Licence Points

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Grange quotes some of the best car insurance rates in Oregon at around $715 a year. Oregon Mutual, Country, Travelers, and USAA would also be considered some of the more affordable Oregon car insurance companies.

In the rate table above, if you are a customer of Travelers and switched to Oregon Mutual, you might see yearly savings of around $124. Insureds with USAA could save as much as $151 a year, and State Farm insureds might lower prices by $243 a year.

These prices are averages for all ages of drivers and types of vehicles and do not take into consideration a price decrease after a speeding ticket. So the insurer that fits you best may not even be in the chart above. That points out the importance of why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

The vehicle requiring coverage is one of the primary factors that determines if you can find cheap car insurance after a speeding ticket in Oregon. Vehicles with high performance features, a lack of safety features, or an increased likelihood of liability claims will cost more to insure than more modest models. The table below outlines auto insurance rates for some of the most budget-friendly vehicles to buy coverage for.

Cost estimates assume single male driver age 40, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, and multi-vehicle. Rate information does not factor in specific location information which can impact insurance rates significantly.

By looking at the data, you can infer that vehicles like the Honda CR-V, Ford F-150, Chevrolet Traverse, Kia Forte, and Ford Escape are going to be the most budget-friendly vehicles to insure after a few driving violations.

Full coverage rates compared to liability only

Finding cheap car insurance after a speeding ticket in Oregon is important to most vehicle owners, and an effective way to reduce the cost of insurance is to not pay for full coverage. The chart below shows the difference between insurance prices with full coverage and liability only. The premiums are based on no violations or claims, $250 deductibles, single status, and no discounts are applied.

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Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an additional $1,682 per year more than buying just liability insurance. That is a big expense that brings up the question if buying full coverage is worth the expense. There is no clear-cut formula for phasing out physical damage coverage, but there is a general guideline. If the yearly cost of comp and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s assume your vehicle’s book value is $5,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $4,500 after the policy deductible has been paid. If it’s costing you more than $450 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

Buying coverage from the right insurance company can be challenging considering how many companies there are in Oregon. The ranking information in the next section may help you pick which auto insurers you want to consider buying from.

The rankings below are only comprised of companies that insure vehicles across America, so companies that may only write in Oregon are not included in this list. If you’d like to compare prices from these companies and more, just click here.

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

If you are looking for the best car insurance after a few driving violations, four companies you’ll want quotes from are Allstate, Progressive, Geico, and State Farm. Each company has a unique set of features, discounts, and options that add value to each policy. The following table shows some of the different features that are available for policyholders.