Best Cheap Car Insurance Quotes for Drivers with Bad Credit in Oregon

It would sure be easy if we could just give you the name of the one car insurance company that has the cheapest coverage in Oregon. It’s not that easy, however, as there are a whole bunch of unknown aspects such as how well you maintain your credit, if your vehicle is used to commute, the vehicle you are insuring, and if you are a woman or a man, that all have an effect on the price. This article goes into detail about some of these things and will give you a jump start in finding the best auto insurance.

One of the key factors that is used to calculate the cost of insurance is where your residence is in Oregon. Cities with larger populations or higher claims like Gresham, Oregon City, and Forest Grove tend to have more expensive car insurance rates, whereas areas that tend to be more rural generally have lower rates.

The illustration below displays the priciest cities in Oregon for drivers with bad credit in which to purchase auto insurance.

Rates are approximated as the specific area where the vehicle is garaged can raise or lower coverage prices greatly.

Finding cheap auto insurance is challenging, and finding out which companies have the cheapest insurance rates for drivers with bad credit will take even more rate comparisons. Policy rates could be somewhat pricier than the average policy in Oregon because of the extra risk that goes along with offering coverage for people with poor credit, but reasonable coverage should be available if you carefully shop around. Each insurance company has a different formula to determine premium rates, so let’s take a look at the most budget-friendly insurance companies in Oregon.

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Grange quotes some of the lowest car insurance rates in Oregon at around $708 annually. Country, Oregon Mutual, Travelers, and USAA would also make the list of some of the cheapest Oregon insurance companies.

In this example, if you currently have coverage with USAA and switched to Country, you could realize an annual premium reduction of in the neighborhood of $157. Drivers with State Farm could save as much as $249 a year, and Amica policyholders might realize rate reductions of up to $315 a year.

To compare your rates to other Oregon insurance companies, click here to start your custom quote or visit any of the companies below.

Bear in mind that those policy rates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a price surcharge for drivers with bad credit. So the auto insurance company that can offer you the best rate may not even be included in the list of companies shown earlier. That emphasizes why you need to get quotes using your own personalized driver profile and vehicle information.

The diagram below shows how different deductible levels can influence insurance premiums when searching for cheap insurance for drivers with bad credit. The data is based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.

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A 50-year-old driver could reduce rates by $294 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $442 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could shave as much as $730 annually by using higher deductibles when buying full coverage. If you do make the decision to raise your deductibles, it is important to have additional funds squirreled away to offset the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Careless driving habits raise Oregon insurance rates

The obvious way to score good insurance premiums for people with poor credit is to drive safe and avoid at-fault accidents and violations. The illustration below demonstrates how traffic citations and at-fault claims impact insurance costs for different age groups. Data assumes a married female driver, comp and collision included, $500 deductibles, and no discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2207,2465,4785],[‘Age 30’, 1527,1785,4107],[‘Age 40’, 1523,1775,4099],[‘Age 50’, 1335,1595,3919],[‘Age 60’, 1271,1527,3851],[‘Age 70’, 1385,1639,3961]]);var options = {title: ‘Impact of Tickets and Claims on Oregon Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Oregon’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of an auto insurance policy per year with no violations or accidents is $1,541. Get written up for one speeding ticket and the average cost jumps to $1,798, an increase of $256 each year. Now include two accidents along with the one speeding ticket and the annual cost of insurance for drivers with bad credit increases to an average of $4,120. That’s an increase of $2,579, or $215 per month, just for not being attentive to the road!

Geico, Allstate, State Farm, or Progressive: Which is best?

When researching car insurance for people with poor credit in Oregon, the four most popular companies are Geico, Allstate, State Farm, and Progressive. All of them offer physical damage and liability coverage, but each has a slightly different mix of options and features that may influence your choice. The following table illustrates some of the different features that are available for buyers.