Cheap Auto Insurance for College Students in Oregon

Because the topic is car insurance, the word “cheap” shouldn’t be used anywhere to describe car insurance prices. Regardless, cheap auto insurance for college students does not exist. Don’t get your dauber down, because we are going to show you how you can still find and buy auto insurance that is cheaper than your current policy.

The cost and performance of the vehicle you are trying to insure is probably the most important factor in finding cheap car insurance for college students in Oregon. Vehicles with higher performance, poor crash test ratings, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models.

The next lists features car insurance costs for a handful of the cheapest vehicles to buy coverage for.

Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can affect auto insurance rates substantially.

Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in your specific Oregon location which can lower or raise coverage rates significantly.

Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in specific zip code location which can change prices greatly.

Finding reliable, cost effective car insurance is tough enough, and deciding which insurers offer the best insurance rates for college students requires more quotes for comparison. Coverage prices will most likely be moderately more expensive than the average price in Oregon due to the extra risk that comes with offering insurance for students in college, but competitively-priced insurance should be obtainable if you shop around. Each insurance company has their own process to determine rates, so let’s take a look at the most competitive insurance companies in Oregon.

It’s important that you understand Oregon insurance rates are impacted by many factors which can significantly increase or decrease the cost of coverage. This price variability is why consumers need to take the time to compare many different companies when trying to find the cheapest car insurance quotes for college students. Rates consist of many factors and can change substantially, so the cheapest rate the last time you shopped around may now not even be in the top five.

Best Insurance Companies for College Students

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Grange normally has some of the cheapest car insurance rates in Oregon at around $708 a year. Oregon Mutual, Country, USAA, and Travelers also rank well as some of the best Oregon auto insurance companies.

In the above example, if you are a policyholder with USAA and switched to Grange, you might realize yearly savings of roughly $233. Policyholders with Travelers might save as much as $234 a year, and State Farm policyholders might realize rate reductions of up to $363 a year.

Remember that these premium estimates are averaged across all drivers and vehicles and do not factor in a price surcharge for college students. So the insurer that has the cheapest price for you may not even be in the rate chart shown above. That illustrates why you need to get auto insurance quotes using your own driver and vehicle profiles.

The chart below highlights how deductible choice can impact insurance rates when researching cheap insurance for college students. The premiums assume a married male driver, full coverage, and no policy discounts are applied.

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In the chart above, a 40-year-old driver could reduce rates by $310 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $470 by choosing a $1,000 deductible. Even younger drivers, like the 20-year-old category, have the ability to save up to $1,038 each year just by choosing higher deductibles when buying full coverage.

When increasing deductibles, it’s a good idea to have plenty of savings on hand to enable you to cover the extra out-of-pocket expense associated with higher deductibles.

Impact of careless driving on insurance rates

The easiest method to get cheap car insurance for college students in Oregon is to drive cautiously and not get tickets or have accidents. The diagram below illustrates how speeding tickets and at-fault accidents can raise auto insurance rates for different age groups of insureds. The premiums assume a single male driver, comp and collision included, $500 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 3449,4095,6639],[‘Age 30’, 1783,2433,4977],[‘Age 40’, 1757,2403,4949],[‘Age 50’, 1603,2249,4795],[‘Age 60’, 1553,2203,4747],[‘Age 70’, 1921,2569,5113]]);var options = {title: ‘Impact of Violations and Accidents on Oregon Car Insurance Prices’,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 data charted above shows the average cost of a car insurance policy in Oregon per year with a clean driving record and no accidents is $2,011. Add in two speeding tickets and the average cost swells to $2,659, an increase of $648 each year. Then throw in two accidents along with the two speeding tickets and the annual cost of insurance for college students jumps again to an average of $5,203. That’s an increase of $3,192, or $266 per month, just for not driving responsibly!

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

If you’re looking for the cheapest car insurance for students in college, four good companies to start with are State Farm, Geico, Allstate, and Progressive. Combined they have 48.5% of the entire U.S. auto insurance market. All four can cover your vehicle for liability and physical damage, but each one has unique features and discounts that may affect your buying decision. The data below ranks price, claims, and customer service ratings, as well as some optional coverages that you can purchase from each one.