Who Has the Cheapest Car Insurance Quotes for High School Students in Oregon?

Things would sure be easy if we could just give you the name of the company that has the lowest rates in Oregon. It’s just not that easy, however, as there are a whole slew of unknowns like if you are a man or woman, if you are insuring for full coverage or just liability only, how much liability insurance you need, and what level of deductibles you wish to have, that all influence how much you pay for auto insurance. If you keep reading, we will teach you about the best ways to maintain low rates and educate you enough to have a solid foundation to find cheaper car insurance in Oregon.

Comparing quotes for low-priced car insurance is not most people’s favorite thing to do, and finding out which companies quote the lowest-priced auto insurance rates for high school students involves even more perseverance. Rates will probably be quite a bit more expensive than the average price in Oregon because of the extra risk related to selling coverage for teenagers, but competitive insurance may be attainable with some perseverence. Each insurer has a different process to determine rates, so first let’s look at the rankings for the auto insurance companies with the most affordable rates in Oregon.

We do need to point out that Oregon auto insurance rates are impacted by many things that control the cost of coverage. Events such as a birthday, having a teenage driver, or getting caught speeding may generate price changes resulting in some rates now being cheaper than competitors.

Best Cheap Insurance Rates for Students

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

As shown above, if you currently have a policy with USAA and switched to Grange, you could earn a yearly savings of approxmiately $247. Oregon drivers with Travelers might save as much as $258 a year, and State Farm policyholders might lower prices by up to $335 a year.

If you want to see how much you could save, click here to start your free quote or visit any of the companies below.

Remember that these premium estimates are averages across all ages of drivers and types of vehicles and do not factor in a rate increase for high school students. So the car insurance company that is most affordable for your situation may not even be featured in the above list. That’s why you need to get car insurance quotes using your own personal information and vehicle type.

The vehicle model driven is one of the biggest factors when consumers are trying to find the cheapest auto insurance for high school students in Oregon. Vehicles with higher performance, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than more economical and safe models. The next table showcases auto insurance prices for a selection of the most budget-friendly automobiles to insure.

Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Oregon minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in specific location which can decrease or increase price quotes greatly.

By looking at the data, you can expect makes and models like the Honda Accord, Ford Escape, Honda CR-V, Chevrolet Traverse, and Hyundai Elantra will definitely be a few of the less-costly vehicles to insure for teenagers. The cost of auto insurance will be higher anyway because there is more inherent risk for high school students, but overall those vehicles will most likely have the cheapest rates compared to other vehicles.

Should you buy full coverage?

Finding the cheapest auto insurance for high school students in Oregon should be important to most people, and an effective way to lower the cost of insurance is to not buy full coverage. The chart below illustrates the difference between car insurance rates with full phyical damage coverage and with liability coverage only. The information is based on no claims or violations, $1,000 deductibles, drivers are not married, and no discounts are factored in.

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If we average the cost for ages 20 through 70, full coverage costs $1,345 per year more than just insuring for liability. At some point, about every driver wonders if full coverage is worth the money. There is no set guideline that works best for making the decision to drop comp and collision coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.

For example, let’s assume your vehicle’s replacement value is $7,500 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $6,500 after paying your deductible. If premiums are more than $650 annually for your policy with full coverage, then it might be time to consider dropping full coverage.

There are a few situations where eliminating full coverage is not in your best interest. If you haven’t paid off your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not remove full coverage.

Rate increases following a ticket or accident

The obvious way to receive good auto insurance rates in Oregon for teenagers is to pay attention while driving and avoid at-fault accidents and violations. The chart below demonstrates how speeding tickets and at-fault claims drive up auto insurance rates for different insured age categories. The information is based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

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In the chart above, the average cost of a car insurance policy in Oregon per year with no accidents and a clean driving record is $1,598. Add in two speeding tickets and the average cost surges to $2,142, an increase of $544 each year. Now throw in one accident along with the two speeding tickets and the 12-month cost of auto insurance for high school students goes up to an average of $2,684. That’s an increase of $1,086, or $91 per month, just for being a less-than-perfect driver!

How to get the cheapest auto insurance for high school students in Oregon

Here are some penny-pinching solutions that can help you quote lower-cost auto insurance.

• Maintain a clean driving record
• Pay for smaller claims out-of-pocket
• At-fault accidents can raise rates significantly
• Do not pay for comprehensive and collision coverage on older vehicles
• Higher comprehensive and collision coverage deductibles will save money
• Compare price quotes at least once a year

That last piece of advice is particularly important, as we emphasized in this piece. Coverage prices adjust often, so drivers shouldn’t be resistant to buy a different policy if you find a cheaper price.

Many drivers prefer to stick with one company, but we do not recommend it if that loyalty results in overpaying lots of money. It only take a few minutes to compare prices and find cheaper car insurance for high school students.