How Much is Auto Insurance for a 20 Year Old Female in Oregon?

Whenever people write about car insurance, the words cheap or affordable shouldn’t be used as a descriptor for auto insurance rates. Be that as it may, cheap auto insurance for 20 year old women is just plain contradictory. But don’t let that discourage you, because we will teach you how you can still find car insurance that won’t break the bank.

Comparing rates for low-priced car insurance is hard enough, and figuring out which companies quote the cheapest car insurance rates for 20 year old women will take a little more work. Coverage prices could be quite a bit pricier than the state average attributed to the posibility of more claims associated with selling insurance for young women, but competitive coverage may be achievable if you do a thorough comparison.

Every car insurance company has a unique approach for determining prices, so let’s begin by taking a look at the car insurance companies that tend to have lower prices in Oregon.

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Grange offers some of the cheapest car insurance rates in Oregon at around $687 each year. Country, Oregon Mutual, Travelers, and USAA also qualify as some of the cheapest Oregon car insurance companies.

In this example, if you have coverage with Travelers and switched to Grange, you might realize savings of roughly $265. Policyholders with USAA may save as much as $283 a year, and State Farm insureds might cut rates by $342 a year.

To find cheap car insurance for 20 year old women in Oregon, click here or feel free to get quotes from the companies below.

These prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a price increase for 20 year old women. So the car insurance company that has the lowest price for you may not even be in the chart above. That helps illustrate why you need to compare rates from multiple companies using your own driver data and vehicle information.

One of the many things used to establish the price you pay for insurance is where you live. Areas with a lot of weather claims or more people like Gresham, Oregon City, and Woodburn will most likely have higher rates, whereas cities that are not as densely populated generally pay less for insurance.

The illustration below shows the higher priced cities in Oregon for 20 year old women to buy auto insurance in.

Table data uses approximated as the specific zip code location can impact premium rates noticeably.

Do you need full coverage?

Finding cheap car insurance for 20 year old women in Oregon is probably important to most drivers, and one of the quickest ways to pay less for insurance is to not buy comprehensive and collision coverage. The illustration below illustrates the comparison of car insurance costs with and without full coverage. The price estimates are based on no claims or driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.

As an average for all age groups, full coverage on your policy costs $1,834 per year more than carrying just liability coverage. That may make you wonder if buying full coverage is a good investment. There is no definitive formula of when to drop full coverage on your policy, but there is a general guideline. If the annual cost of coverage is 10% or more of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let’s pretend your vehicle’s claim settlement value is $9,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after the deductible is paid. If you are currently paying more than $800 annually for comprehensive and collision coverage, then you might want to think about dropping full coverage.

There are some situations where dropping full coverage is not a good plan. If you haven’t paid off your loan, you have to keep full coverage to protect the lienholder’s interest. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should maintain full coverage.

Discounts on cheap car insurance for 20 year old women in Oregon

Insurers that provide coverage for 20 year old women could also offer special discounts that could lower prices by as much as 25% or more if you are eligible for them. A few popular companies and their offered discounts include:

The diagram below compares annual premium costs with and without discounts applied to the rates. The rate quotes are based on a female driver, no violations or accidents, Oregon state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with paperless filing, vehicle safety, good student, passive restraint, anti-theft, and continuous coverage discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for 20 year old women is % or $.

Company comparison: State Farm vs Progressive vs Allstate vs Geico

When buying car insurance, the most popular companies are State Farm, Progressive, Allstate, and Geico. If you put them all together, they insure over 45% of the entire U.S. market share. The data below compares some of the ratings and options that are available for policyholders.