Cost of car insurance up nearly 15% from 2022

If you own a car, chances are you know that the cost of car insurance has increased recently.

Car insurance is a legal requirement in most countries, and it’s important to understand the basics, including the different types of policies available, the factors that influence car insurance prices, and the laws that regulate car insurance in the state or country you live in.

In this blog article, we’ll be taking a closer look at car insurance, including the factors that influence car insurance prices and how to find the best car insurance rates. We’ll also be discussing common car insurance discounts and tips for reducing car insurance premiums.

Factors that Influence The Cost Of Car Insurance 

Before we dive into car insurance rates in Bend, Oregon, let’s take a look at the factors that influence car insurance prices.

The most important factor is the type of car you drive. Cars with higher performance engines and higher value tend to be more expensive to insure. Other factors include your age, gender, and driving record. Your age and gender can influence the insurance company’s assessment of risk, while your driving record will influence the amount of premium you pay.

The type of cover you choose can also influence your car insurance prices. Comprehensive cover provides the widest level of protection and is the most expensive, while Third Party Fire and Theft cover may provide a lower level of protection but is more affordable.

Location is also important. Car insurance rates can vary significantly depending on where you live and the type of area you live in. If you live in an area with a high crime rate, for example, you may find that your car insurance premiums are higher than if you live in a low-risk area.

Car Insurance Rates in Bend, Oregon

Now let’s take a closer look at car insurance rates in Bend, Oregon.

In Bend, Oregon, the average cost of car insurance is $1,365 per year, according to the Insurance Information Institute. This is slightly higher than the national average of $1,274, but still relatively low compared to other cities in Oregon.

The cost of car insurance in Bend, Oregon is largely influenced by the city’s population density, crime rate, and economic factors. Bend is a fairly small city with a population of just over 80,000 people, and the city’s crime rate is slightly above the national average.

The cost of car insurance in Bend can also be influenced by the type of car you drive and your driving record. Drivers with a clean driving record are likely to get lower car insurance rates than those with a history of traffic violations. Your age and gender can also influence your car insurance rates.

Common Car Insurance Discounts

It’s important to be aware of the common car insurance discounts that are available. These can help you save money on your car insurance premiums.

One of the most common car insurance discounts is the multi-policy discount. This is offered by many insurance companies if you buy more than one policy, such as car insurance and home insurance, from them.

Another common discount is the good driver discount. This is offered to drivers with a clean driving record, as they are seen as less of a risk.

Many insurance companies also offer discounts for having an anti-theft device installed in your car, or for taking a defensive driving course. Some companies also offer discounts for low-mileage drivers, or for having multiple cars insured with them.

How to Find the Best Car Insurance Rates

Now that we’ve discussed the factors that influence car insurance prices and the common car insurance discounts available, let’s take a look at how to find the best car insurance rates.

The first step is to shop around. Insurance companies all have different rates, so it pays to get quotes from a few different companies. Make sure you compare the same levels of cover, as this will ensure that you’re getting a fair comparison.

It’s also important to look for discounts. Ask each insurance company if they offer any discounts for the factors that may apply to you, such as a good driving record or a multi-policy discount.

Finally, keep an eye out for special offers. Many insurance companies run promotions and offers that can help you save money on your car insurance premiums.

Tips for Reducing Car Insurance Premiums

Once you’ve found the best car insurance rates, there are a few other ways you can reduce your car insurance premiums.

One of the best ways to reduce your car insurance premiums is to pay your premiums annually. Many insurance companies offer a discount if you pay your premiums in one lump sum.

It’s also a good idea to increase your excess. The excess is the amount you have to pay before the insurance company will cover any losses. Increasing your excess can reduce your premium, but make sure you’re comfortable with the amount you have to pay in the event of an accident.

Finally, consider adding a named driver to your policy. This can help to reduce your premiums, as the additional driver will be seen as a lower risk.

The Importance of Shopping Around for Car Insurance

It’s important to shop around for car insurance, as this is the best way to find the best car insurance rates. Don’t be tempted to stick with your existing insurance company, as they may not be offering the best deal.

Comparing car insurance quotes can help you to save money on your car insurance premiums, and it’s also a good way to find out more about the different types of cover available. This can help you to make sure you’re getting the right level of protection for your needs.

It’s also a good idea to compare car insurance policies every year, as insurance companies can change their rates and discounts over time. This can help you to make sure you’re always getting the best deal on your car insurance.

Common Mistakes When Shopping for Car Insurance

When shopping for car insurance, it’s important to avoid making common mistakes.

One of the most common mistakes is to underestimate the cost of car insurance. It’s important to get a realistic idea of the cost of car insurance before you start shopping around, as this will help you to make sure you’re getting the best deal.

It’s also important to make sure you’re comparing like-for-like policies. Make sure you’re comparing policies with the same levels of cover and the same excess.

Finally, it’s important to make sure you’re getting the right type of cover. Make sure you understand the different types of cover available and make sure you’re getting the right level of protection for your needs.

State and Local Car Insurance Laws

Finally, it’s important to be aware of the state and local car insurance laws. Different states and localities have different laws and regulations when it comes to car insurance, so it’s important to make sure you’re familiar with the laws in your area.

In Bend, Oregon, for example, all drivers must carry a minimum level of car insurance. The minimum level of cover required is $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $15,000 for property damage.

It’s also important to be aware of the state’s laws regarding uninsured drivers. In Bend, Oregon, it’s illegal to drive without insurance, and the penalty for doing so can be severe.

Conclusion

Car insurance is an important part of owning a car, and it’s important to understand the basics. In this blog article, we’ve discussed the factors that influence car insurance prices, car insurance rates in Bend, Oregon, common car insurance discounts, and how to find the best car insurance rates. We’ve also discussed tips for reducing car insurance premiums, the importance of shopping around for car insurance, common mistakes to avoid when shopping for car insurance, and state and local car insurance laws.

If you’re looking for car insurance in Bend, Oregon, make sure you shop around for the best car insurance rates, take advantage of any discounts that may apply to you, and make sure you’re getting the right level of cover for your needs.

Contact us today for a quote by calling (541) 318-8835 or by clicking here.