Auto Insurance In Portland: What's The Average Cost?

The average cost of car insurance in Portland, Oregon, is $1,538 per year, or $128 per month, according to Insure.com. This is $294 more than the average cost of car insurance in Oregon and $144 less than the national average. The cost of car insurance in Portland is influenced by various factors, including age, gender, driving record, and coverage limits. The cheapest car insurance company in Portland for a 35-year-old driver with a clean driving record and good credit is State Farm, with an average rate of $58 per month for minimum coverage and $93 per month for full coverage.

Average cost of auto insurance in Portland, Oregon

The average cost of auto insurance in Portland, Oregon, is $1,538 per year, or $128 per month, according to Insure.com. This is $294 more than the average cost of auto insurance across Oregon and $144 less than the national average.

The cost of auto insurance varies depending on factors such as age, gender, driving record, and location. For example, in Portland, the average cost of car insurance for a 35-year-old driver with good credit and a clean driving record is $1,744 per year. The cost of insurance also differs between companies, with State Farm offering the cheapest rate in Portland at $58 per month for minimum coverage and $93 per month for full coverage.

The type of coverage also affects the cost, with full coverage costing more than minimum coverage. In Portland, the average cost of full coverage is $1,538 per year, while the average cost of state minimum coverage is $762 per year.

It is important to note that these averages may not reflect the exact cost of auto insurance for an individual, as rates are determined based on personal factors.

Cheapest auto insurance companies in Portland

The cost of car insurance in Portland, Oregon, depends on a variety of factors, including age, gender, driving record, and credit score. The average cost of car insurance in Portland is $1,538 per year, or $128 per month. However, some companies offer cheaper rates than others. Here is a list of the cheapest car insurance companies in Portland, along with their average annual and monthly rates:

• State Farm: $58 per month for minimum coverage and $93 per month for full coverage. State Farm is the cheapest option for drivers with a DUI, poor credit, or a speeding ticket on their record.
• USAA: $1,173 per year. USAA offers affordable rates and excellent service, but it is only available to military members, veterans, and their families.
• Geico: $1,031 per year. Geico is another good option for drivers in Portland, offering the second-cheapest rates in the city.
• Country Financial: $1,035 per year. Country Financial is a good option for young drivers, offering the best rates for 18-year-olds in Portland.
• American Family: $1,136 per year. American Family is a runner-up for cheap car insurance in Portland.

It's important to note that these rates may not be the cheapest for everyone, as individual rates can vary based on personal factors. Additionally, Portland is one of the most expensive cities in Oregon for insurance due to high rates of auto theft.

Average cost of auto insurance in Portland by age

The average cost of auto insurance in Portland, Oregon, is $1,538 per year or $128 per month. However, the cost of auto insurance in Portland varies depending on age, gender, and driving history. Here is an overview of the average cost of auto insurance in Portland by age:

Teens (16 to 19-year-olds)

According to Insure.com, teens pay the highest rates for car insurance in Portland, with an average annual cost of $5,871 or $489 per month. The high cost is due to teenagers being more prone to road accidents due to their lack of driving experience. However, teen insurance rates can be lowered by adding them to a parent's auto insurance policy.

Young Adults (20 to 24-year-olds)

As young adults gain more driving experience and build a good driving record, their car insurance rates decrease. In Portland, young adults pay an average of $2,644 per year for car insurance, which is $3,227 less than what teens pay.

Adults (25 to 55-year-olds)

Adult drivers in Portland, Oregon, pay an average of $1,573 per year for car insurance. This is significantly lower than the rates for teens and young adults, as adults are more likely to obey speed limits and follow road rules, according to the Insurance Information Institute.

Seniors (60 to 75-year-olds)

Senior drivers in Portland pay slightly more for car insurance than adults, with an average annual cost of $1,583. While seniors have extensive driving experience, they may face higher rates due to age-related factors such as vision and reaction time, which can increase the risk of accidents.

It is important to note that these averages may not reflect the exact cost of auto insurance for individuals in Portland, as rates can vary based on additional factors such as gender, driving history, credit score, and the insurance company. It is always recommended to shop around and compare quotes from multiple insurance providers to find the best rates.

Average cost of auto insurance in Portland by gender

The average cost of auto insurance in Portland, Oregon, is $1,538 per year, or $128 per month. However, this varies depending on gender. The average male driver in Portland pays $1,538 per year for car insurance, while the average female driver pays $1,617 per year, according to Insure.com. This means that women pay $79 more than men for their car insurance in Portland.

The reason for this price difference is that women are considered safer drivers than men, according to the Insurance Information Institute. Women have a lower rate of severe accidents than men and are therefore seen as a lower risk to insure.

In Portland, the cheapest car insurance provider for both men and women is Geico, which offers an average rate of $1,031 per year. USAA is the second cheapest, at $1,173 per year, but this company only offers insurance to members of the military, veterans, and their families.

The cost of auto insurance in Portland also varies depending on age. Teenagers pay the highest rates, at $5,871 per year, while adults aged 25–55 pay $1,573 per year, and seniors (60–75 years old) pay $1,583 per year.

Average cost of auto insurance in Portland by coverage level

The cost of car insurance in Portland, Oregon varies depending on the level of coverage, the driver's age, gender, and driving record. Here is an overview of the average cost of auto insurance in Portland by coverage level:

Minimum Coverage

According to Insure.com, the average cost of state minimum coverage car insurance in Portland is $762 per year, with monthly costs of around $65. This type of policy provides basic protection but may not cover all expenses in the event of an accident.

Liability-Only Coverage

The average cost of liability-only coverage in Portland is $823 per year, as per Insure.com. This option offers more protection than the state minimum and typically includes bodily injury and property damage liability.

Full Coverage

For comprehensive financial protection, full coverage car insurance is recommended. The average cost of full coverage in Portland is $1,538 per year, as per Insure.com. This typically includes collision and comprehensive coverage, in addition to liability coverage.

It's important to note that these averages may not reflect the exact rates offered by insurance companies, as premiums can vary based on personal factors such as age, driving history, credit score, and the specific neighbourhood within Portland. Additionally, insurance rates tend to change over time, so it's always a good idea to shop around and compare quotes from multiple providers to find the best coverage at the most affordable price.

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