Albany, OR Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Albany, OR, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Auto insurance rates in Albany, Oregon
Auto insurance rates are governed by several factors, the most important of which are your driving record, the state and city you live in, and your personal profile. In the United States, insurance rates vary from state to state due to differing auto insurance regulations. For example, Maine, Idaho, Iowa, and North Carolina are states where drivers pay less for auto insurance. On the other hand, states such as Louisiana, Michigan, Georgia, and Oklahoma are states where auto insurance rates are significantly higher than the national average.
Oregon is one of the states where the average insurance rates are affordable, and below the national average rates. With an annual average insurance rate of $1387, Oregon is the 21st on the list of states with low insurance rates. However, Albany has an average insurance rate of $900, which is considerably below the state average.
Drivers in Albany pay just 1% more than drivers in Corvallis, but 18% less than the drivers in Portland. Though auto insurance rates are low in Albany, the city has witnessed a Compound Annual Growth rate (CAGR) of 125% since 2009. The average rates in Albany were $400 in 2009. This increase is despite a 19% reduction in the theft rate in 2012.
Car theft is generally covered by optional comprehensive coverage on the insurance policy.
The average comprehensive coverage rate in Albany is $135, well below the Oregon average comprehensive rate of $210. As far as car accidents are concerned, the average collision insurance rate in Albany ($135) is also below the Oregon state average collision insurance rate of $448.
The Mercedes CL65 AMG has the highest insurance premium of $3800 in Albany. On the other hand, the Ford Explorer has the lowest insurance rate at $600. The Lincoln Navigator L is the car with average insurance rate of $1300, which is the median rate.
Factors that can influence the cost of car insurance in Albany, OR are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Albany, OR Auto Insurance Rates
- Albany, OR Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Albany, OR
- Multi Vehicle Insurance Savings in Albany, OR
- How Credit Score Affects Car Insurance Rates in Albany, OR
- How DUI Affects Auto Insurance Premiums in Albany, OR
- How Driving Violations Affect Auto Insurance Rates in Albany, OR
- Albany, OR Auto Insurance Discounts on Anti Theft Feature
- Albany, OR Auto Insurance Company Reviews
Albany, OR Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Albany, OR with that of other cities in and around Albany.
| Albany | North Albany | Shedd | Millersburg | Crabtree | Tangent | |
|---|---|---|---|---|---|---|
| Average Insurance Rates | $944 | $1,467 | $1,649 | $1,455 | $1,418 | $1,416 |
Albany, OR Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Albany, OR based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
| Location | Low Deductible ($500) | High Deductible ($1000) |
|---|---|---|
| Albany | $1,012 | $855 |
| Tangent | $1,592 | $1,345 |
| North Albany | $1,581 | $1,335 |
| Millersburg | $1,389 | $1,174 |
| Adair Village | $1,124 | $949 |
| Crabtree | $1,503 | $1,269 |
| Corvallis | $1,282 | $1,083 |
| Shedd | $1,698 | $1,435 |
Albany, OR Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Albany, OR usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
| Age of Driver | Insurance Cost |
|---|---|
| Teens | $3,063 |
| 20 Years | $1,213 |
| 30 Years | $934 |
| 40 Years | $899 |
| 50 Years | $832 |
| 60 Years | $844 |
| 70 Years | $982 |
Albany, OR Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Albany, OR can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
| Number of Cars | Auto Insurance Cost | Total Savings |
|---|---|---|
| 2 Vehicles | $1,605 | $283 |
| 3 Vehicles | $2,407 | $425 |
| 4 Vehicles | $3,210 | $566 |
Savings on 2 Vehicles bundle:$283
Savings on 3 Vehicles bundle:$425
Savings on 4 Vehicles bundle:$566
Albany, OR Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Albany, OR.
| Location | Average Insurance Cost | Post DUI Insurance Rate |
|---|---|---|
| Albany | $944 | $1,412 |
| Tangent | $1,416 | $2,118 |
| North Albany | $1,467 | $2,195 |
| Millersburg | $1,455 | $2,177 |
| Adair Village | $1,425 | $2,132 |
| Crabtree | $1,418 | $2,121 |
| Corvallis | $928 | $1,388 |
| Shedd | $1,649 | $2,467 |
Albany, OR Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
| Credit Score | Insurance Cost |
|---|---|
| Exceptional (800-850) | $810 |
| Excellent (740-799) | $925 |
| Good (670-739) | $984 |
| Average (580-669) | $1,283 |
| Poor (300-579) | $1,540 |
Albany, OR Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
| Driving Violation | Cost Increase | Total Insurance Cost |
|---|---|---|
| Driving Without Headlights | +$42 | $986 |
| Driver's Failure In Showing Documents | +$92 | $1,036 |
| Driving With An Expired Registration | +$97 | $1,041 |
| Driving At A Considerably Slow Pace | +$205 | $1,149 |
| Using A Cellphone While Driving | +$216 | $1,160 |
| Running A Red Light | +$220 | $1,164 |
| Speeding | +$231 | $1,175 |
| Driving A Vehicle Without The Required Permission | +$294 | $1,238 |
| Driving With An Expired/Suspended License | +$636 | $1,580 |
Albany, OR Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
| Anti Theft Feature | Insurance Cost |
|---|---|
| Audible Alarm | $906 |
| Active Disabling Device | $906 |
| Tracking Device | $887 |
| Passive Disabling Device | $878 |
Latest Auto Insurance Reviews in Albany, OR | Back to Top
State FarmAbsolutely I would highly recommend State Farm Automobile Insurance. It has been my insurance for over 35 years and I'm extremely satisfied not only with the coverage but also the customer service.
TravelersI like the coverage, the rates, and the familiarity of travelers. They are a well know reputable company with great customer services. I would and do recommend this company to friends and family.
ProgressiveOverall I am satisfied with Progressive as my insurance company. I have fortunately never needed to use them as I have not been in an accident, but obviously need insurance in the event.
ProgressiveThe company provides us a lot of policies which could be bought by the middle class people and in help them in their protection.
ProgressiveWith the name being so famous I thought it would be the best company to be with but I was mistaken.
ProgressiveI dislike that their rates are not cheaper and that changing personal information on the app is somewhat difficult. I also dislike that they don't auto charge my bank account on the same day of the month each time.