Best Cheap Car Insurance for Low Mileage Drivers in Oregon

You have most likely watched the captivating commercials from insurers like GEICO, The General, and State Farm that promise enormous savings, so drivers just need to choose the one with the best commercial, right?

Unfortunately, it’s just not that easy, as there are a whole bunch of unknown elements such as tickets or driving violations, if your vehicle is used to commute, and if you are a man or woman. We are going to cover the best ways to avoid high prices and educate you enough to have a good beginning to your search for cheaper coverage.

Finding decent, cheap auto insurance is tough enough, and figuring out which companies quote the most affordable auto insurance rates for low mileage drivers will involve a bit more work.

Every insurance company has a unique formula to establish rates, so first let’s look at the rankings for the auto insurance companies that tend to have lower prices in Oregon.

Best Auto Insurance Prices in Oregon

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Grange may offer some of the cheapest car insurance rates in Oregon at around $715 a year. Oregon Mutual, Country, USAA, and Travelers also qualify as some of the best Oregon insurance companies.

As the example above demonstrates, if you currently have coverage with USAA and switched to Grange, you might realize an annual savings of roughly $226. Insureds with Travelers could save as much as $237 a year, and State Farm insureds might reduce rates by $325 a year.

If you would like to find the best cheap auto insurance for low mileage drivers in Oregon, click here to start your custom quote or click several companies below for low rates.

Be aware that those premiums are averages for all drivers and vehicles and do not take into consideration a rate discount for low mileage drivers. So the company that can offer you the lowest price may not even be shown in the list of companies shown earlier. That emphasizes why you need to get quotes using your own individual information.

One of the many things used to determine insurance cost is where your residence is in Oregon. Areas that are densely populated or have higher claim frequency like Gresham, Oregon City, and Forest Grove tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower rates.

The next table shows the most expensive cities in Oregon for low mileage drivers in which to buy car insurance.

Information shown are estimated as the specific garaging location can lower or raise premiums substantially.

The example below shows how different deductible levels can affect annual premium costs when trying to find cheap insurance for low mileage drivers. The rate quotes are based on a married female driver, comp and collision included, and no discounts are taken into consideration.

The data above shows that a 40-year-old driver could pocket $218 a year by switching from a $100 deductible up to a $500 deductible, or save $330 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old category, could reduce their rates as much as $542 or more by choosing larger deductibles on their policy.

If you do decide to increase your deductibles, it will be important to have enough spare savings to be able to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Price comparison of only insuring for liability

Finding the best cheap auto insurance for low mileage drivers in Oregon is important to the majority of people, and an effective way to save on the cost of insurance is to not insure for full coverage. The example below visualizes the comparison of premium costs with full physical damage coverage compared to only buying liability only. The rates are based on no tickets, no at-fault accidents, $250 deductibles, single status, and no discounts are applied.

Averaged out for all age groups, physical damage coverage on your policy costs an additional $1,682 per year more than just buying liability insurance. That is a large expense which might make you wonder if buying full coverage is a waste of money. There is no set rule to delete physical damage insurance, but there is a guideline you can use. If the annual cost of your full coverage insurance is about 10% or more of the settlement you would receive from your company, then you may need to consider dropping full coverage.

There are a few situations where dropping physical damage coverage is not recommended. If you still owe a portion of the original loan, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

Allstate vs Progressive vs Geico vs State Farm

When it comes to buying car insurance for infrequent drivers in Oregon, the four most popular companies are Allstate, Progressive, Geico, and State Farm. The following table points out ratings for price, service, and claims, in additional to some of the optional coverages offered by each company.

Best cheap insurance quotes for infrequent drivers

There are many ways to shop around for auto insurance in Oregon, but the most prevalent are from an exclusive insurance agency such as Allstate or Liberty Mutual, an independent or non-exclusive agent, or direct online or over the phone from a company like Progressive or Geico.

They all have the same basic principle, but auto insurance shoppers should know the differences in how they give price quotes.

Independent agents write business for many companies and can compare coverage rates with all of them. These types of agencies are not employed by one specific company and can provide you with more rate quotes, which may give you a better overall rate comparison. If they find a lower price, your policy can be easily switched to a different company and you do not have to find a new agent.

Exclusive agencies are only able to quote your policy with a single insurance company, for example State Farm and Auto-Owners agents. These agents are not able to quote rates from more than one company, which necessitates shopping around.

If you choose to buy auto insurance direct, you skip an independent or exclusive agent and instead buy buying direct from a company like Progressive or Geico. Buying direct can be good for drivers who do not need complex risk management and have some degree of understanding of what coverages, limits, and deductibles they need.

So out of those three methods, which one works best to find the best cheap auto insurance for low mileage drivers in Oregon? It would be obvious to point out buying from a direct car insurance company yields the cheapest rates because there is no agent taking a commission, but in reality, that argument does not hold true. It could also be said an independent agent guarantees the lowest rates because they can quote many companies, but that assumption is also not necessarily accurate. And occasionally, exclusive agents may have very competitive prices that are the lowest in Oregon.

Because there is so much variation in auto insurance prices, the only real way to make sure you’re not overpaying for auto insurance is to compare, compare, and compare some more. Industry experts recommend getting price quotes from independent, exclusive, and direct in order to have the best selection to choose from. To see some of the cheapest online companies available, click here to view.