How Much Does Car Insurance Cost for Uber Drivers in Oregon?

The words “low-cost” and “insurance” really should not be used together, especially when you are trying to find the cheapest car insurance for Uber drivers. To save some money, let’s learn about a few of the factors that help determine insurance premiums, and come up with some ways to slash the price of your next policy.

Deciphering which company quotes the best insurance rates for Uber drivers may require a tad more effort in order to find coverage that fits your buget. Each insurer has a unique approach for setting prices, so we’ll take a look at the insurance companies that tend to be cheaper in Oregon.

It’s a good idea to be aware that Oregon insurance rates are based on many factors which can significantly increase or decrease the policy price. Improving your credit score, becoming a homeowner, or getting caught speeding can trigger changes in premium that may make certain companies cheaper than competitors.

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Grange generally has some of the most affordable car insurance rates in Oregon at around $715 a year. Oregon Mutual, Country, Travelers, and USAA would also make the list of some of the lowest-priced Oregon car insurance companies.

In the above rates, if you currently buy coverage from Travelers and switched to Oregon Mutual, you could earn yearly savings of in the vicinity of $70. Drivers with USAA might save as much as $126 a year, and State Farm customers might see rate reductions of $185 a year.

To discover how much you can save, click here to get quotes or quote prices from the following companies.

These premiums are averages across all drivers and vehicles and are not factoring in a price decrease for Uber drivers. So the car insurance company that can offer you the lowest price may not even be shown in the chart above. That underscores the importance of why you need to quote rates from as many companies as possible using your own individual information.

The make and model of vehicle to be insured is a large factor when shopping for cheap car insurance for Uber drivers in Oregon. Vehicles with economical engines, modern passenger safety features, or a low likelihood of having liability claims will cost much less to insure than fast, unsafe models.

The next table presents auto insurance prices for a selection of the most budget-friendly automobiles to buy insurance for.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oregon minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Information does not factor in specific garaging location which can affect auto insurance rates noticeably.

Based upon the rates shown, you can conclude that vehicles like the Ford Escape, Jeep Wrangler, Subaru Forester, Chevrolet Impala, and Honda CR-V are going to be the most budget-friendly vehicles to insure for Uber vehicles.

One of the many considerations that is used by insurance companies to calculate insurance cost is where you keep your vehicle. Areas with more people or higher crime rates like Gresham, Oregon City, and Forest Grove will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims benefit from lower rates.

The table below illustrates the higher priced cities in Oregon for Uber drivers to buy auto insurance in.

Rate quotes are approximated as specific location information can lower or raise auto insurance rates substantially.

The chart below illustrates how choosing a deductible can increase or decrease insurance prices when getting quotes for cheap insurance for Uber drivers. The rate quotes are based on a married female driver, comprehensive and collision coverage, and no discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2021,1855,1661,1479],[‘Age 30’, 1417,1297,1155,1021],[‘Age 40’, 1397,1281,1145,1015],[‘Age 50’, 1229,1127,1011,899],[‘Age 60’, 1171,1073,961,853],[‘Age 70’, 1255,1151,1035,925]]);var options = {title: ‘Deductible Levels and Insurance Cost in Oregon’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

As shown above, a 40-year-old driver could pocket $218 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $330 by changing to a $1,000 deductible. Even younger insureds, such as the Age 20 example, could shave $542 annually by selecting a higher deductible.

When raising deductibles, it will be important to have enough funds in savings to enable you to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

Careless driving habits raise insurance rates

The common sense way to snag cheap car insurance for Uber drivers in Oregon is to drive safely and have a clean driving record. The illustration below shows how violations and accident claims drive up annual premium costs for each different age group. The premiums assume a married male driver, comp and collision included, $100 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 2711,2941,4881],[‘Age 30’, 1427,1659,3597],[‘Age 40’, 1371,1601,3541],[‘Age 50’, 1253,1483,3423],[‘Age 60’, 1231,1461,3401],[‘Age 70’, 1413,1643,3579]]);var options = {title: ‘Accidents, Violations, and Oregon Car Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Oregon’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data in the chart shows the average cost of an auto insurance policy in Oregon per year with no accidents and a clean driving record is $1,568. Get written up for one speeding ticket and the average cost rises to $1,798, an increase of $230 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of insurance for Uber drivers goes up to an average of $3,737. That’s an increase of $2,169, or $181 per month, just for being a careless driver!