Saturday, 14 January 2012 21:01

Typical Auto Insurance Discounts Available on Auto Insurance Policies in Oregon

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People love to save money on car insurance. Understanding that it is a privilege to drive on the streets and highways of Oregon also means people understand this privilege comes with certain costs and responsibilities. Buying an Oregon auto insurance policy is one of those costs. Drivers are responsible for the injury or damage they may cause in an accident. The way a driver can demonstrate he will take responsibility in an accident is by purchasing insurance which will pay the other guy whose car gets hit. There are so many ways to help reduce the cost of auto insurance in Oregon. This list will help you understand what insurance companies are looking for in order to reward you with lower rates.


Paperless Discount. Progressive Insurance gives you a discount for turning off the paper! If you are willing to receive your policy and all your notices via email, you can receive a substantial discount! Save trees! You will still get your insurance identification card by regular mail to show the cops.

Snapshot Discount. Progressive Insurance can send you a device you attach to the port underneath the dashboard of your car. It keeps track of your driving habits during the day and then transmits the data to the insurance company over cell phone towers. If you fit the profile of a good driver, you can get substantial savings off the cost of your insurance. If you don't fit the criteria as of good driving habits, you've lost nothing. It doesn't make the price go up. It just means you don't get the discount after the initial trial period.

Prior Insurance. Probably the most important discount that has the greatest affect on the price of your insurance is to keep a policy in-force with your name on it or be a listed driver for at least six months. Oregon auto insurers reward drivers with discounts of up to 40% just by keeping a car insurance policy active. The longer you keep the policy going the bigger the discount will get. If you are just starting out your Oregon auto insurance policy, the discount usually begins after you have maintained your insurance coverage for six months. Gather up all your policy documents and take them into your independent insurance agent's office for review. He or she may be able to find enough proof to get you this credit. Most companies now prefer to see you with six months continuous from the same company and will not reward you with that discount if you have changed companies during the last six months. Some times you have to ask for the discount because some companies don't automatically drop the cost of insurance after your first six months. You have to either ask for it or shop around for a company that will reward you with a transfer discount. Your independent insurance agent usually represents more than one company and can check for you at every renewal to see which company is offering you and your unique criteria the very best rate you can get. If your agent isn't giving you this kind of service, you need to contact us at 503-693-2852.

Renewal Discount. As stated under the Prior Insurance discount above, insurance companies usually reward you after you have had their policy for six months. If your policy didn't go down in price after your first six months of continuous insurance, give InsureSource a call at 503-693-2852. The agent can help you locate a company that will give you a renewal discount. If you don't ask, you won't get the discount!

Transfer Discount. Similar to the Renewal or Prior Insurance discount, the Transfer Discount is a reduction in the price of your auto insurance that a company will offer as an enticement to get you to switch to their company. Of course, new insurance credit score pricing penalizes you for changing your policy if you have less than six months coverage but, changing after you have completed an entire six month contract works in your favor. Talk to your independent insurance agent to find out which companies offer you a Transfer Discount. It can be as much as 25% off the company's non-discount prices.

Higher Limit Discount. Many companies now reward the driver with LOWER prices if he maintains limits above what the State of Oregon requires! Many companies now offer you a discount if you purchase those same limits or higher. Higher limits doesn't necessarily mean higher price. The thought behind this concept is that if you are responsible enough to consciously choose to purchase higher limits, then you must be a responsible driver an the company will reward you with a higher limit discount. What does this mean price wise? It means that you can get higher limits of coverage for about the same price or even lower than the guy who only buys Oregon State minimum coverage all the time. Strange? Yes!  And a responsible driver is what every insurance company hopes for. So, call your independent insurance agent today to find out which companies reward you for having had higher than state minimum limits. If you have minimum limits now, raise them as soon as you can! Most Oregon drivers are surprised at just how little the price goes up just by doubling the limits of their liability coverage. There is no limit to how much you can be sued for after an accident. Purchase as high a limit of coverage as your budget will allow. You will find that as you shop around, the fact you had higher limits will act in your favor.

Multi-car Discount. If you place more than one car on the policy, the insurance company will reward you with a discount that applies to each car. This means you pay less for the combined policy than what you would have paid for each of the cars on separate policies. Be careful. Some companies only give this multi-car discount if you have as many cars as drivers. Let's say you already have two cars and two drivers on the policy and you place a third vehicle on the policy without adding another driver. The auto insurance company may just take away the discount from the other two cars thereby doubling the cost of your entire policy. Why? Because they think you just might be hiding another driver who you don't want to list on the policy. If this happens to you and you truly don't have another driver in the household, let us know. We will shop for you a company who will still give you the full multi-car discount.

Paid-in-full. Oregon car insurance companies are always trying to find ways of reducing the cost of doing business. One way is to reduce the number of times they have to send out a bill, cancellation and reinstatement notices. If a customer pays the entire six month policy in full, the auto insurer will save a ton of money and not have to send out all the notices. Nearly every insurance company offers deep discounts if you are able to pay the full term premium at once. Ask your independent agent to compare the paid-in-full price with the various payment plans.

Prior Insurance with Same Agent. A handful of companies promote loyalty of the client to his independent insurance agent. They a small additional percentage of discount when the agent transfers the client from one company in his office to them. Why? Because the agent knows you the customer. He already knows your needs and has a record of your payment and claims history. Ask your agent if he can offer you an additional loyalty discount!

Uninsured with Cause. This discount has many names, but essentially it means that you are entitled to receive a discount as though you had continuous coverage for six month or more but for some reason you were without prior insurance. Many drivers complained that the price of the insurance for the first six months was too high because car insurance companies penalized them for not having prior insurance. The complaint rests with the argument that the lack of prior insurance was due to some circumstance beyond the control of the insured. The law in the State of Oregon requires insurance companies to give the Renewal or Transfer discount if one of the following applies:

  • You were on active military duty and deployed
  • You were given a company car for business and personal use
  • You did not own a vehicle
  • You are buying a car for the very first time, or
  • You lived in a country other than the United States.

Here comes the hard part: You must prove that one of these conditions applies to you. But how do you prove you didn't have a car? You can prove you were in the military. You can prove you had a company car but were laid off or lost company car privileges. You can prove fairly easily that you just moved back to the United States. But, proving it's your first car or have been without a car for a while is a little more difficult to prove. Talk to your independent agent for more details on how to get the proof you need to take advantage of these discounts.

AAA or other Travel Membership Discount. Membership has rewards! A few auto insurance companies will offer you a small discount if you can prove you are a member of some travel club. Be sure and let your independent agent know if you have a current membership card.

Homeowner or Renter Discount. If you own a home, manufactured home or condominium, Oregon auto insurance companies will give you a stability discount. Statistically, a property owner will stay in the same place a lot longer than a renter. This translates to fewer changes of address and more likely you will keep your insurance in-force. Insurance companies like that. So they can save you money. Let your agent know if you own a home, condominium, townhouse, manufactured home or mobile home. Some companies even give you this same discount if you can prove you have taken the initiative to purchase a renters insurance policy.

Carpool Discount. If you go to the same place to work everyday but take turns driving with a co-worker or someone else that works nearby, you can take off an additional percentage. Just let your independent agent know. Be careful, the company will check by asking for an odometer reading and will measure the distance from your home to your place of employment using some online map service.

Pleasure Use Discount. If you use your vehicle occasionally to go to church, the grocery store or some other unscheduled destination only, then you might qualify for the Pleasure Use discount. Some companies actually have you provide your odometer reading periodically to be sure you haven't exceeded a certain number of miles per year. If you are a stay-at-home parent, retired or work strictly from your residence, you may qualify for the Pleasure Use Discount.

Car Feature Discount. Typical discounts include: daytime or running lights, ABS brakes, anti-theft device (alarm, tracking system, etching), front and side airbags, automatic seat belts, etc. The discounts for these are usually recognized in the sophisticated software your independent insurance agent uses based on the VIN number.That is why when contacting your agent for a quote you should have the complete and correct vehicle identification number available.

Marital Status Discount. Most companies will reward the driver who is married. Why? Statistically, the married driver is more cautious. The married driver does not spend as much time out and about at night in the pursuit of social activities. The married driver usually goes home at night and drives carefully for the sake of his spouse and children. Usually, the spouse has to be listed on the policy in order to get the discount. However, many spouses are not licensed. We can work around that. Some companies still allow the married credit and are able to exclude or list the spouse as a non-driver. Many companies are now recognizing domestic partners for this discount. Just give us a call if this applies to you and we will see how much you can save by declaring and listing a domestic partner on your auto insurance policy.

Senior Accident Prevention Course Discount. If you are over 55 and take an Oregon State sponsored Senior Accident Prevention Course, you may be entitled to an additional discount. Just be prepared to show your certificate to your independent insurance agent. The course must have been completed in the most recent three years in most cases.

Drivers Training Discount. This discount usually applies to young drivers who are listed on their parents policy. Keep a copy of your drivers training course certificate and show it to your agent. The price of insurance for a young operator is high enough as it is. Drivers training will help to lower that cost. This discount usually doesn't apply if you are purchasing a policy by yourself and are not on the policy with your parents.

Good Student Discount. Maintaining a grade point average of 3.0 or higher entitles you, the young student driver, to an additional discount with most companies. Just like the Drivers Training discount, the Good Student discount applies to young drivers who are still listed on their parents' policy. Just show your independent agent your most recent grade report. She will take a photocopy of your grades and send them into your parent's insurance company for additional savings. See, it pays to get good grades!

There may be other discounts than the ones listed here. Some companies charge less for certain occupations. Be sure and tell your agent what you do for a living. Some companies give discounts if you have advanced educations. Tell your independent agent of any degrees you hold. We look forward to being able to answer any questions you may have about auto insurance discounts.

Read 4755 times Last modified on Thursday, 16 November 2017 13:17