How Much is Auto Insurance for Seniors in Oregon?

When shopping for the cheapest auto insurance for senior citizens, one of the many factors that aid in calculating the amount you pay each year for auto insurance is where you choose to live in Oregon. Cities that have higher claim levels or more people like Gresham, Beaverton, and Keizer tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.

The next table displays the highest-priced areas in Oregon for seniors in which to buy car insurance.

Price information shown is comparative as zip code location can change coverage rates considerably.

Finding dependable, cheap car insurance is easier said than done, and determining which company offers the cheapest insurance rates for seniors will involve a little more work. Insurance prices may be a little bit lower than the state average, with the lower price attributed to the potentially lower risk that goes along with offering insurance for senior citizens. Affordable insurance should be attainable from a lot of different companies.
Each auto insurer has their own process to determine premium rates, so we need to take a look at the insurance companies that tend to be cheaper in Oregon.

It’s important that you understand Oregon insurance rates are impacted by many things that can increase your annual premium. Simply having another birthday, increasing liability limits, or getting a ticket for running a stop sign can trigger rate changes that can cause some rates to be cheaper than before.

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Grange may have some of the best car insurance rates in Oregon at around $694 a year. Country, Oregon Mutual, Travelers, and USAA are also some of the lowest-priced Oregon insurance companies.

In the rate table above, if you buy coverage from Country and switched to Grange, you could see a yearly savings of around $137. Policyholders with Oregon Mutual might save as much as $150 a year, and Travelers policyholders might reduce prices by as much as $258 a year.

It’s important to note that these rates are averaged across all drivers and vehicles in Oregon and are not factoring in a price discount for seniors. So the insurer that fits your situation best may not even be shown in the above rate chart. That emphasizes why you need to compare rates from as many companies as possible using your own individual information.

The make and model of vehicle requiring coverage is probably the biggest factor when comparing quotes for low-priced insurance for seniors. Vehicles with reasonable performance levels, good crash test ratings, or a track record of few liability claims will cost less to insure than high performance models. The data below showcases car insurance premiums for a number of the most affordable vehicles to insure in Oregon.

Prices above based on married male driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, multi-policy, and homeowner. Rate quotes do not factor in vehicle garaging location which can decrease or increase coverage rates considerably.

Prices above based on married male driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price information does not factor in specific garaging location which can change premiums noticeably.

Data variables include married male driver age 60, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, multi-vehicle, and homeowner. Estimates do not factor in specific Oregon garaging location which can raise or lower insurance rates greatly.

Liability only or full coverage

Finding cheap insurance for seniors in Oregon is the goal of most vehicle owners, and one of the easiest ways to reduce the cost of insurance is to only buy liability coverage. The information below shows the difference between premium costs with liability coverage only compared to full coverage. The price estimates are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.

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As an average for all age groups, comp and collision coverage costs $1,682 per year over and above liability only. That is a large expense and it proposes the question if it’s worth it to buy full coverage. There is no set rule that is best for determining when to drop full coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than about 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.

There are a few cases where only buying liability is not a good idea. If you still owe money on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you don’t have enough money to buy a different vehicle if your current one is damaged, you should not drop full coverage.

Company comparison: State Farm vs Progressive vs Allstate vs Geico

When shopping around for car insurance for senior citizens in Oregon, four of the best places to start are State Farm, Progressive, Allstate, and Geico. Between them, they make up over 45% of the entire U.S. market share. The table below shows some of the different options and features that are available for buyers.