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