Who Has the Cheapest Car Insurance Quotes for Young Drivers in Oregon?

The words “economical” and “insurance” really shouldn’t be used in the same sentence, specifically when you are looking for the best price on coverage for young drivers. Because it’s so expensive, let’s familiarize you with some things that help determine insurance rates, and find out if we can help you take the bite out of the next policy you buy.

The vehicle driven is one of the biggest factors when consumers are trying to find the cheapest auto insurance for young drivers. Vehicles with lower performance, good safety features, or a track record of few liability claims will cost less to insure than high performance models. The next table features car insurance prices for a selection of the cheapest automobiles to insure in Oregon.

Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle location which can revise price quotes substantially.

Based upon these rates, we can expect makes and models like the Honda CR-V, Honda Accord, and Ford Escape should be the most budget-friendly vehicles to insure for youthful drivers. Prices will tend to be more expensive because of the fact that there is more exposure for young drivers, but overall those vehicles will have the cheapest car insurance rates available.

For Oregon drivers, one of the criteria that auto insurance companies use when figuring the cost of insurance is where you live. Areas with more people or even just a higher incidence of claims like Gresham, Beaverton, and Aloha are more likely to pay higher prices, whereas areas with less congestion get the luxury of paying less.

The following table ranks the higher priced cities in Oregon for young drivers to purchase car insurance in.

Table data uses estimated as the specific Oregon residence address can decrease or increase insurance rates noticeably.

Figuring out which companies have the lowest-priced car insurance rates for young drivers takes more time in order to find the best price. Each insurer has a unique formula for establishing rates, so we’ll go over the most affordable car insurance companies in Oregon.

Keep in mind that Oregon car insurance rates are impacted by many things that may substantially change the price of your policy. Simply having another birthday, moving across town, or getting a couple of tickets may prompt premium changes that can cause some rates to be much cheaper than others.

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Grange has some of the most affordable car insurance rates in Oregon at around $715 a year. Country, Oregon Mutual, Travelers, and USAA also make the cut as some of the cheaper Oregon insurance companies.

As depicted above, if you currently have coverage with USAA and switched to Country, you may see an annual premium reduction of around $119. Insureds with State Farm might save as much as $240 a year, and GEICO policyholders might see rate reductions of $313 a year.

To find the cheapest car insurance for young drivers in Oregon for your vehicle, click here to start your free quote or quote prices from the following companies.

Understand that those estimates are averaged across all ages of drivers and types of vehicles and and are not figured with a price increase for young drivers. So the car insurance company that can offer you the best rate may not even be featured in the above rate chart. That underscores the importance of why you need to get quotes using your own specific driver information and vehicle.

Reckless driving habits raise Oregon car insurance rates

In a perfect world, the ideal way to find the cheapest car insurance rates in Oregon for youthful drivers is to drive carefully and avoid accidents and violations. The example below demonstrates how citations and at-fault fender-benders drive up insurance rates for different age groups. The premiums assume a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

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The data charted above shows the average cost of a car insurance policy in Oregon per year with no accidents or violations is $1,568. Get two speeding tickets and the average cost hikes up to $2,167, an increase of $599 each year. Then throw in two accidents along with the two speeding tickets and the annual cost of car insurance for young drivers increases to an average of $4,291. That’s an increase of $2,723, or $227 per month, just for not driving safely!