Cheap Car Insurance Quotes for Drivers Over Age 70 in Oregon

The vehicle requiring coverage is a significant factor that determines whether or not you can buy cheap auto insurance for drivers over age 70 in Oregon. Vehicles with economical engines, advanced safety features, or a low likelihood of liability claims will cost significantly less to insure than higher performance models.

The table below illustrates auto insurance premiums for a number of the most economical vehicles to insure.

Table data represents single female driver age 70, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Rate quotes do not factor in specific zip code location which can lower or raise coverage rates noticeably.

Looking at the data, you can infer that vehicles like the Honda CR-V, Ford Escape, Chevrolet Traverse, and Hyundai Tucson are most likely going to be a few of the cheapest vehicles to insure for older drivers. The price for an auto insurance policy will be higher anyway because of the fact that there is more risk for drivers over age 70, but generally speaking those models will have the best rates that you are likely to find.

One of the many components used to calculate the amount you pay each year for auto insurance is where your home is located. Areas with a lot of weather claims or more people like Gresham, Lake Oswego, and Forest Grove tend to have more expensive auto insurance rates, whereas areas with less traffic congestion and claims profit from lower rates.

The illustration below illustrates the highest-priced places in Oregon for drivers over age 70 to purchase car insurance in.

Rate information is comparative as the garaging address in Oregon can decrease or increase price quotes greatly.

Full coverage versus liability-only

Finding cheap auto insurance for drivers over age 70 in Oregon is the goal of the majority of vehicle owners, and one of the easiest ways to buy cheaper insurance is to only buy liability coverage. The information below visualizes the comparison of insurance prices with liability coverage only compared to full coverage. The information is based on no claims or driving violations, $250 deductibles, single status, and no additional discounts are factored in.

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If averaged out across all ages, full coverage on your policy costs $1,682 per year more than just buying liability only. That amount may make you wonder if buying full coverage is a good investment. There is no definitive rule that is best for determining when to drop physical damage insurance, but there is a general guideline. If the annual cost of comprehensive and collision coverage is more than around 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

Who has the cheapest insurance quotes for older drivers?

Thanks to technology, drivers have a lot of ways to quote and buy insurance in Oregon, but the three most common methods are using an independent agent, an exclusive agency like State Farm or Liberty Mutual, or direct online or over the phone from a company like Geico or Progressive. They all have the same basic principle, but shoppers should understand the differences in how they work.

Independent insurance agents have contracts with many companies and can quote your policy with each one. These agents are not locked into one company and can provide you with more rate quotes, which may provide you with better odds of saving money. If you are not satisfied with one company, they simply move your policy to a different company which makes it simple for you.

An exlusive, or captive, agency is able to quote prices with one insurance company, two of the more popular are an Auto-Owners or Allstate agent. This type of agents cannot compare rates from other companies, so if their pricing is high, there is no alternative.

When you buy insurance direct, you do not use local agents and instead shop direct either online or via phone. Shopping direct may be a decent choice people who have little risk and have some degree of understanding of the exclusions of a policy.

So which one of the three ways works best to find cheap auto insurance for drivers over age 70 in Oregon? The majority of people assume that shopping direct saves money since no commissions are paid to an agent, but that is generally not the case. And we’d like to say buying from an independent agent guarantees the lowest rates because they can shop around, but again, that’s not accurate. For some people, the exclusive agents have price quotes well below independent agents AND direct companies.

Because it’s impossible to say who has the best insurance rates, really the best method to make sure you’re not overpaying for insurance is to get as many comparison quotes as possible. It’s a good idea to get quotes from all three to have the best selection of rates to choose from. To see some of the cheapest online companies available, click here to view.