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Tips on Lowering Your Car Insurance Rates in Oregon

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1. Shop Around

Prices vary from company to company, so it pays to shop around. Get at least three price quotes. You can call companies directly or access information on the Internet. Get quotes from different types of insurance companies. Some sell through their own agents. These agencies have the same name as the insurance company. Some sell through independent agents who offer policies from several insurance companies. Others do not use agents. They sell directly to consumers over the phone or via the Internet. Don't shop price alone. Ask friends and relatives for their recommendations. Pick an agent or company representative that takes the time to answer your questions.



2. Before You Buy a Car, Compare Insurance Costs

Before you buy a new or used car, check into insurance costs. Car insurance premiums are based in part on the car's sticker price, the cost to repair it, its overall safety record, and the likelihood of theft. Just because you had a good price on your old car you traded in or this is an additional car to your existing policy, it doesn't mean you have the best deal anymore. Find out first how much it is to switch out or add to your existing policy. Then, call us. We can do a comparison quote to make sure you still have the best price possible for your situation.

3. Ask for Higher Deductibles

Deductibles are what you pay before your insurance policy kicks in. Before choosing a higher deductible, be sure you have enough money set aside to pay it if you have a claim. If you are financing a car, you may not have much choice as to how much your deductible is. The lender usually puts a limit of $500 as a maximum deductible you can select.

4. Reduce Coverage on Older Cars

Consider dropping collision and/or comprehensive coverage on older cars. Review your coverage at renewal time to make sure your insurance needs haven't changed.

5. Buy your Homeowners and Auto Coverage from the Same Insurer

Many insurers will give you a break if you buy two or more types of insurance. You may also get a reduction if you have more than one vehicle insured with the same company. You may save money buying from different insurance companies, compared with a multi-policy discount.

6. Maintain a Good Credit Record

Establishing a solid credit history can cut your insurance costs. Insurers are increasingly using credit information to price auto insurance policies. If you don't have good credit, clean it up! Pay off debt. Don't incur more. If you have no credit, establish some. But don't get caught in the trap and over extend yourself. Pay off the balances of your debt every month on consumer debt, like credit and gas cards. Car and home loans take a little longer, of course, to pay off. But, what ever you do, pay on time. Keep a emergency saving account to cover tough months just in case so you don't fall behind on your monthly minimum payments. If you do this you will improve your credit score and you insurance rates will go down. Oh, and be sure and pay your insurance on time. They keep track of that too!

7. Take Advantage of Low Mileage Discounts

Some companies offer discounts to motorists who drive a lower than average number of miles a year. Low mileage discounts can also apply to drivers who carpool to work. Maybe move closer to work or find a job closer to home. The savings in time, gas and insurance might just be worth the change.

8. Ask about Group Insurance

Some companies offer reductions to drivers who get insurance through a group plan from their employers, through professional, business and alumni groups, or other associations.

9. Seek Out Other Discounts

Companies offer discounts to policyholders who have not had any accidents or moving violations for a number of years. You may also get a discount if you take a defensive driving course. If there is a young driver on the policy who is a good student, has taken a drivers education course or is at a college out of the area without a car, you may also qualify for a lower rate. Other discounts for going paperless, having a college degree, installing a device in your car that monitors your driving habits, multiple car and driver, homeowner, retired discounts may apply.

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