Who Has the Cheapest Car Insurance for 17 Year Olds in Oregon?

Who Has the Cheapest Car Insurance for 17 Year Olds in Oregon?

When shopping for auto insurance for teen drivers, one of the many components that help determine the cost of insurance is your zip code. Areas that are densely populated or have higher claim frequency like Gresham, Lake Oswego, and Beaverton are more likely to have higher rates, whereas areas with less traffic congestion and claims have the enjoyment of a little cheaper coverage.

The following table displays the priciest cities in Oregon for 17 year olds to buy auto insurance in.

How much does car insurance cost in Oregon?
Rank City Premium Per Year
1 Gresham $1,606
2 Portland $1,529
3 Lake Oswego $1,420
4 Woodburn $1,400
5 Beaverton $1,398
6 Oregon City $1,388
7 Newberg $1,364
8 West Linn $1,362
9 Hillsboro $1,352
10 Keizer $1,351
11 Aloha $1,349
12 Forest Grove $1,347
13 Salem $1,346
14 McMinnville $1,338
15 Tigard $1,322
16 Tualatin $1,299
17 Redmond $1,260
18 Bend $1,236
19 Albany $1,188
20 Roseburg $1,161
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Table data uses approximated as the specific zip code location can affect prices substantially.

Determining which companies quote the lowest-priced car insurance rates for 17 year olds takes a tad more effort than just comparing a company or two.

Each auto insurer has their own unique process to determine rates, so let’s take a look at the car insurance companies with the overall cheapest rates in Oregon. It’s important to understand that Oregon car insurance rates are impacted by many factors which can significantly increase or decrease your annual premium. Simply having a birthday, having a claim, or having a fender bender can produce rate changes that can now make some companies cheaper than competitors.

Best Insurance Companies for Teens

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Oregon auto insurance company rankings
Rank Company Cost Per Year
1 Grange $694
2 Oregon Mutual $819
3 Country $847
4 Travelers $924
5 USAA $950
6 State Farm $1,029
7 Amica $1,125
8 GEICO $1,179
9 Allied $1,215
10 California Casualty $1,218
11 Mutual Enumclaw $1,224
12 Progressive $1,272
13 MetLife $1,340
14 21st Century $1,364
15 American Family $1,431
16 Encompass $1,574
17 Allstate $1,722
18 Farmers $2,013
19 Safeco $2,172
20 Liberty Mutual $2,458
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Grange normally has some of the most affordable car insurance rates in Oregon at around $694 per year. Oregon Mutual, Country, Travelers, and USAA would also make the list of some of the lowest-priced Oregon insurance companies.

As the example above demonstrates, if you currently have a policy with Travelers and switched to Grange, you could see savings of around $230. Drivers with USAA may save as much as $256 a year, and State Farm policyholders might reduce prices by as much as $335 a year.

These prices are averages across all ages of drivers and types of vehicles and are not factoring in a price surcharge for 17 year olds. So the insurer that is most affordable for your situation may not even be shown in the list of companies above. That underscores the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

Insuring your vehicle with the best insurer can be rather challenging considering how many choices drivers have in Oregon. The information in the lists below may help you decide which providers you want to consider when comparing auto insurance rates for 17 year olds. The rankings below are only comprised of companies that write coverage in many states, so smaller regional companies are not included in these rankings.

Top 10 Large Auto Insurance Companies in Oregon Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. GEICO – A++
  4. State Farm – A++
  5. The Hartford – A+
  6. Esurance – A+
  7. Nationwide – A+
  8. Allstate – A+
  9. Progressive – A+
  10. The General – A-

Top 10 Large Auto Insurance Companies in Oregon Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. The General
  5. State Farm
  6. AAA Insurance
  7. Nationwide
  8. Allstate
  9. Esurance
  10. Safeco

Cheapest insurance quotes for teen drivers

Drivers have a lot of ways to find affordable car insurance in Oregon, but the most popular ways are using a captive (or exclusive) agency like Allstate or State Farm, an independent insurance agent, or direct from companies such as Progressive or Geico.

They all have the same basic principle, but it’s important to understand the differences in how they provide price quotes.

Independent insurance agencies can place your business with multiple companies and can get rate quotes from all of them. These agents can sell policies from many different companies and can provide you with more rates, which may give you the best chance of finding a lower price. If cheaper coverage is found, you can get a different policy which makes it easier to save money.

An exlusive, or captive, agency is restricted to quoting rates for just one company, a couple examples are State Farm and Auto-Owners agents. They usually cannot compare rates from other companies, so if rates are not competitive, they cannot give other choices.

Opting to purchase car insurance direct means you skip an agent and instead shop direct online or over the phone from a company like Progressive or Esurance. Shopping direct is good for people who have an average risk profile and have knowledge of how their policy works.

So comparing independent agents, exclusive agents, and direct, which one works best to find the cheapest auto insurance for 17 year olds in Oregon? It would be obvious to point out buying direct results in the cheapest rates since there is no need to pay agent commissions, but in reality, that is not the case. A valid argument could also be made that an independent agency saves the most money due to more options, but again, that’s not a true statement. In the right set of circumstances, exclusive agencies have coverage prices that other car insurance companies cannot touch.

Due to the fact that car insurance rates vary so much, the only true way to ensure you are not overpaying for car insurance is to obtain price quotes and compare them. To cover all the bases, get price quotes from independent, exclusive, and direct in order to find the best price. For a list of companies offering online discounts in Oregon, click here to view.

How to find economical insurance for 17 year olds

Below you’ll find some penny-pinching solutions that can help Oregon drivers get more affordable coverage.

  • Increase your deductibles
  • Violations like speeding or DUI increase rates
  • At-fault accidents will increase rates
  • Good credit can help you save money
  • The safer your car, the less it costs to insure
  • Do not waste money insuring older vehicles for full coverage
  • Comparison shop frequently

The final tip is especially important, as was pointed out in the article above. Coverage rates change constantly, so don’t be tentative to buy a policy from a new company if a cheaper price is available. Brand loyalty is great, but it’s not a good idea if that inflexibility results in costing you thousands of dollars over the life of your policy. If you have a few minutes, now is a great time to shop around and find cheaper insurance for 17 year olds.