Best Cheap Car Insurance Quotes for Veterans in Oregon

For veterans, one of the more important things that influence the annual cost of car insurance is the neighborhood you call home. Areas with more people or higher crime rates like Gresham, Oregon City, and Aloha tend to have higher rates, whereas cities that are not as densely populated benefit from having to pay less for coverage.

The illustration below illustrates the most expensive cities in Oregon for veterans to purchase car insurance in.

Annual rates are estimated as the specific garaging location can affect premium rates considerably.

Deciding which company offers the cheapest auto insurance rates for veterans will involve a little more work than just quoting one company’s rates. Each company has a different process for determining prices, so we need to take a look at the most affordable auto insurance companies in Oregon.

It’s important to know that Oregon auto insurance rates are influenced by many factors which can substantially change your annual premium. Simply having another birthday, having a teen driver, or having an accident can cause premium changes that may make certain companies cheaper than competitors.

Cheap Insurance Rates for Vets

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Grange may have some of the most affordable car insurance rates in Oregon at around $708 per year. Oregon Mutual, Country, Travelers, and USAA also rank well as some of the more affordable Oregon car insurance companies.

As depicted above, if you are currently insured with Country and switched to Grange, you might see annual savings of roughly $148. Policyholders with Travelers might save as much as $234 a year, and USAA insureds might see rate reductions of $242 a year.

To find the best cheap car insurance for veterans in Oregon for your vehicle, click here to get quotes or click several companies below for low rates.

Remember that these policy rates are averaged across all insureds and vehicles and do not factor in a price decrease for veterans. So the insurer that fits your situation best may not even be shown in the list above. That illustrates why you need to compare as many prices as possible using your own individual information.

The type of vehicle you are insuring is one of the main factors that determines whether or not you find the best cheap car insurance for veterans in Oregon. Vehicles with lower acceleration and performance, good crash test ratings, or a positive history of liability claims will cost much less to insure than high performance models.

The data below estimates car insurance rates for a selection of the more afforable automobiles to buy insurance for.

Prices above based on single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Estimates do not factor in the specific area where the vehicle is garaged which can influence price quotes substantially.

Looking at the numbers, you can expect models like the Honda CR-V, Ford Escape, Chevrolet Traverse, and Hyundai Tucson are most likely to be a few of the cheaper vehicles to insure for veterans.

Does it make sense to buy full coverage?

Finding the best cheap car insurance for veterans in Oregon is the goal of most people, and a great way to find cheap insurance is to buy liability only. The illustration below visualizes the comparison of car insurance costs with and without physical damage coverage. The costs are based on no accidents, no driving violations, $250 deductibles, marital status is single, and no other discounts are factored in.

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Averaged for all age groups, physical damage insurance costs an additional $2,245 per year more than insuring for liability only. That proposes the question if physical damage coverage is worth the money. There isn’t a written rule of when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it’s probably a good time to buy liability coverage only.

The illustration below shows how different deductible levels can raise or lower insurance costs when researching cheap insurance for veterans. The rates are based on a single male driver, comp and collision included, and no discounts are taken into consideration.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4247,3863,3449,3061],[‘Age 30’, 2159,1985,1783,1591],[‘Age 40’, 2157,1969,1757,1557],[‘Age 50’, 1959,1793,1603,1425],[‘Age 60’, 1895,1733,1553,1381],[‘Age 70’, 2311,2125,1921,1729]]);var options = {title: ‘Deductible Levels and Auto Insurance Cost in Oregon’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

The chart above illustrates that a 40-year-old driver could lower rates by $356 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $534 by switching to a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could lower their rates as much as $1,186 or more just by using higher deductibles.

When choosing a higher deductible, it is necessary to have emergency funds available to cover the extra out-of-pocket expense associated with higher deductibles.

Progressive, State Farm, Allstate, or Geico: Who is best?

If you’re looking for the best auto insurance for veterans, probably the best companies to start with are Progressive, State Farm, Allstate, and Geico. Combined they insure about 50% of all policies written. The data below rates pricing and service ratings, plus some optional coverages offered by each one.

Best cheap insurance quotes for veterans

Thanks to technology, there are a lot of ways to buy auto insurance in Oregon, but the most popular are either through an independent or non-exclusive agent, an exclusive agency like State Farm or Auto-Owners, or direct online or over the phone from a company like Progressive or Geico. All three ways are similar, but each is different in how they give price quotes.

Independent insurance agencies are appointed by several companies and can compare rates with all of them. These types of agencies do not sell for just one brand and can provide you with more rate quotes, which can give you the best shot at cutting your rates. If your agent finds better pricing, the business is moved internally without having to get a different agent.

Exclusive agencies are only able to give prices for one insurance company, for example a Farmers or Allstate agent. Exclusive agents cannot place coverage with different providers, so you will not be able to compare multiple prices.

Buying direct means you do not use a local agent and instead shop from a direct company like Esurance. Shopping direct is good for consumers who do not have a need for a risk management assessment and have knowledge of what coverage limits and deductibles they need.

When shopping for auto insurance, which way works best to find the best cheap car insurance for veterans in Oregon? Most people assume that buying from a direct company results in the cheapest rates since that eliminates agent commissions, but that does not always hold true. A valid argument could also be made that an independent agent is the best way to go since they have access to many companies, but again, it’s not necessarily true. In a lot of cases, exclusive agencies have price quotes that other companies cannot beat.

Because there are so many factors that make up auto insurance rates, the only real way to get the cheapest rates is to get quotes and compare the rates. To cover all the bases, get rate quotes from all three to have the best rate selection. To see some of the cheapest online companies available, click here to view.