Did you fall for a flashy sales pitch and buy overpriced car insurance? You're preaching to the choir because you are not the only one feeling buyer's remorse.

Surprisingly, a recent survey revealed that a large majority of consumers have stayed with the same insurance company for a minimum of four years, and just under half have never quoted rates to find cheaper coverage. Portland consumers could save as much as 70% each year just by comparing rates, but most just don't grasp the rate savings if they bought a different policy. Due to the increasing number of choices of insurance companies, it can be diffult for drivers to find the lowest cost company.

Cutting your Portland insurance rates is surprisingly easy. Drivers just need to spend a few minutes on the computer comparing rates to find out which insurance company has affordable Portland car insurance quotes.

It's so easy to compare rate quotes online that it makes it a waste of time to waste gas driving to insurance agencies in your area. The internet eliminates the middleman unless your situation requires the professional guidance of a licensed agent. Although you can find lower rates online but buy the policy through an agent.

The companies in the list below provide price quotes in Portland, TX. If you want to find the best cheap car insurance in Texas, we suggest you click on several of them to get the cheapest price.

Insurance Rate Estimates for Popular Vehicles in Portland
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Silverado LTZ Extended Cab 2WD $1,322 $661 $110
Dodge Ram Quad Cab ST 2WD $1,138 $569 $95
Ford Escape Limited 4WD $1,098 $549 $92
Ford Explorer Eddie Bauer AWD $1,346 $673 $112
Ford F-150 Lariat Crew Cab Platinum 2WD $1,402 $701 $117
Ford Focus SEL 4-Dr Sedan $1,702 $851 $142
Ford Fusion SE 4-Dr Sedan $1,578 $789 $132
GMC Sierra SLT Extended Cab 2WD $1,302 $651 $109
Honda Accord LX-P 4-Dr Sedan $854 $427 $71
Honda CR-V EX-L 4WD $990 $495 $83
Honda Civic EX-L 2-Dr Coupe $1,806 $903 $151
Nissan Altima 2.5 S 4-Dr Sedan $1,222 $611 $102
Toyota Camry Hybrid $1,500 $750 $125
Toyota Corolla XRS $1,058 $529 $88
Toyota RAV4 Sport 4WD $1,006 $503 $84
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Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Texas minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Information does not factor in specific location information which can revise premium rates significantly.

Comparison of policy deductibles

One of the more difficult decisions when buying auto insurance is how high should the physical damage coverage deductibles be. The rates below summarize the differences in price when you choose different policy deductibles. The first pricing table uses a $100 deductible and the second rate chart uses a $500 deductible.

Hyundai Elantra rates are for example purposes only. To get rates for your specific vehicle, click here.

Hyundai Elantra insurance policy rates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $286 $486 $324 $20 $96 $1,237 $103
Elantra Blue 4-Dr Sedan $286 $698 $382 $22 $114 $1,527 $127
Elantra GLS 4-Dr Sedan $328 $698 $382 $22 $114 $1,569 $131
Elantra SE 4-Dr Sedan $328 $698 $382 $22 $114 $1,569 $131
Elantra SE Touring Station Wagon $328 $592 $324 $20 $96 $1,385 $115
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Hyundai Elantra insurance policy rates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Elantra GLS Touring Station Wagon $208 $328 $324 $20 $96 $976 $81
Elantra Blue 4-Dr Sedan $208 $472 $382 $22 $114 $1,198 $100
Elantra GLS 4-Dr Sedan $240 $472 $382 $22 $114 $1,230 $103
Elantra SE 4-Dr Sedan $240 $472 $382 $22 $114 $1,230 $103
Elantra SE Touring Station Wagon $240 $400 $324 $20 $96 $1,080 $90
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Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Texas minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, claim-free, and homeowner. Premium amounts do not factor in specific garaging location which can increase or decrease premium rates greatly.

Using the premium rates above, we can conclude that using a $100 deductible costs about $26 more each month or $312 annually than quoting the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you tend to have at a minimum 15 months between claim filings, you would probably be better off by going with a higher deductible.

Full coverage versus liability only rates

The information below visualizes the comparison of Nissan Sentra insurance prices with full physical damage coverage and with liability coverage only. The costs are based on no violations or claims, $1,000 deductibles, single male driver, and no discounts are factored in.

Nissan Sentra rates are for example purposes only. To get rates for your specific vehicle, click here.

When to stop buying full coverage

There isn't a steadfast formula that is best for determining when to drop physical damage insurance, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you might consider buying liability only.

For example, let's assume your Nissan Sentra replacement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $2,000 after the deductible is paid. If premiums are more than $200 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where dropping full coverage is not financially feasible. If you haven't satisfied your loan, you are required to maintain full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should keep full coverage in place.

Can higher deductibles save money?

The diagram below shows how choosing a deductible and can raise or lower Ford F-150 insurance prices for different ages of insureds. The rate quotes are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.

Ford F-150 rates are for example purposes only. To get rates for your specific vehicle, click here.

Affordable rates on car insurance with these discounts

Some insurance providers don't always advertise all discounts in an easy-to-find place, so the list below gives a summary of some of the more common and the harder-to-find savings tricks you should be using when you buy Portland car insurance online.Car insurance discounts

Consumers should know that some of the credits will not apply to the overall cost of the policy. A few only apply to individual premiums such as comprehensive or collision. So even though you would think you could get a free car insurance policy, companies don't profit that way.

If you would like to choose from a list of insurance companies with significant discounts in Portland, follow this link.

Car insurance protects more than just your car

Despite the high insurance cost in Portland, buying car insurance is not optional due to several reasons.

The benefits of having insurance definitely exceed the cost, particularly for liability claims. According to a recent study, the average American driver overpays as much as $865 each year so smart consumers compare quotes at every policy renewal to save money.