Factors Influencing the Cost of Car Insurance in Gresham, OR

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The average cost of auto insurance in Gresham, OR, is $1,281. This is much lower than the cost of insurance in neighboring places such as Troutdale, Wood Village, and Damascus. Several factors can affect the cost of auto insurance in Gresham. A thorough comparison of different auto insurance quotes will help car owners obtain an insurance quote that best suits their coverage needs. Zimlon also offers the option of keying in one’s zip code to get accurate auto insurance quotes.

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Some of the factors that could increase the cost of auto insurance are as follows:

Age of the Driver:

The driver’s age is an important factor in determining the cost of auto insurance in Gresham, OR. The average cost of auto insurance for teenagers here is a massive $4,157. This is more than thrice the amount paid by a 50-year-old driver ($1,130) in Gresham, OR. The cost of auto insurance decreases with an increase in driving experience. Moreover, teenagers pay the most on auto insurance in almost every city in the country. 

Deductibles:

This is one of the most common factors influencing the cost of auto insurance in Gresham, OR. A low deductible ($500) usually results in an increase in the cost of auto insurance, while a high deductible ($1,000) translates to a decrease in the cost of auto insurance. The average cost of auto insurance when the deductible is $500 is $1,781 and it increases to $1,504 when the deductible is $1,000.

DUI:

DUIs can prove to be extremely expensive to car owners in every city of the country. This can have a lasting impact on insurance rates as well. The cost of auto insurance post-DUI in Gresham can be as high as $1,916. 

Credit Score:

A low credit score could also mean an increase in the cost of auto insurance. Moreover, auto insurance increases when the credit score is “poor” or “average”. The average cost of auto insurance when the credit score is “exceptional” is $1,099. It increases to $2,089 and $1,741 when the score is “poor” and “average”.

Driving Violations:

Driving Violations such as driving with an expired license or speeding can also have a severe impact on the cost of auto insurance in Gresham, OR, mainly because it increases the amount of risk being covered by insurers. Speeding can increase the cost of auto insurance by $314, while it can increase by $863 if the driver is caught driving with an expired license. 

Other factors that could make auto insurance expensive include not using anti-theft equipment. Comparing quotes is of utmost importance to reduce the cost of auto insurance in the city.