Contact Us: (503) 222-1951
Arnold, Bruce & Doerfler
  • Home
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Surety, License & Permit Bond Quote
      • Workers Compensation Quote
      • Cyber Liability & Protection Quotes
      • Management Liability – Professional Liability (E&O) Quotes
      • Directors and Officers Liability Quotes
      • Commercial Crime Quotes
      • Fiduciary Liability Quotes
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Wedding and Event Insurance Quote
      • Umbrella Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Surety, License & Permit Bond
      • Workers Compensation
      • Cyber Liability & Protection
      • Management Liability – Professional Liability (E&O)
      • Directors and Officers Liability
      • Commercial Crime
      • Fiduciary Liability
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Wedding and Event Insurance
      • Umbrella Insurance
  • About
    • Staff Directory
    • Lloyd Purdy & Company is now with Arnold Bruce & Doerfler
    • Taylor Zeller is now a part of Arnold Bruce & Doerfler
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact
  • Home
  • Quotes
    • Auto Quotes >
      • ATV Insurance Quote
      • Auto Insurance Quote
      • Classic Car Insurance Quote
      • Roadside Assistance Quote
      • Motorcycle Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Insurance Quote
      • Business Owners Package (BOP) Insurance Quote
      • Surety, License & Permit Bond Quote
      • Workers Compensation Quote
      • Cyber Liability & Protection Quotes
      • Management Liability – Professional Liability (E&O) Quotes
      • Directors and Officers Liability Quotes
      • Commercial Crime Quotes
      • Fiduciary Liability Quotes
    • Property Quotes >
      • Home Insurance Quote
      • Earthquake Insurance Quote
      • Flood Insurance Quote
      • Landlords Insurance Quote
      • Renters Insurance Quote
    • Other Quotes >
      • Boat Insurance Quote
      • Wedding and Event Insurance Quote
      • Umbrella Insurance Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Online Documents
    • Free Consultation
  • Insurance
    • Vehicles >
      • Auto Insurance
      • ATV Insurance
      • Boat Insurance
      • Classic Car Insurance
      • Motorcycle Insurance
      • Roadside Assistance
      • RV Insurance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Surety, License & Permit Bond
      • Workers Compensation
      • Cyber Liability & Protection
      • Management Liability – Professional Liability (E&O)
      • Directors and Officers Liability
      • Commercial Crime
      • Fiduciary Liability
    • Property >
      • Home Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Other >
      • Wedding and Event Insurance
      • Umbrella Insurance
  • About
    • Staff Directory
    • Lloyd Purdy & Company is now with Arnold Bruce & Doerfler
    • Taylor Zeller is now a part of Arnold Bruce & Doerfler
    • Client Testimonials
    • Refer a Friend
    • Insurance Carriers
    • Agency Photo Gallery
    • Blog
    • News
  • Contact

Arnold, Bruce & Doerfler Insurance Blog

Three Factors Influencing Your Auto Insurance Cost

3/21/2022

3 Comments

 
Picture
Driving your own vehicle is both a privilege and a responsibility. It is a privilege because not everyone can buy a car. If you are riding public transport, you should follow its departure and arrival schedule and pick-up and drop-off points. But with your vehicle, you will have the freedom to go to places on your schedule.
​
Meanwhile, having a personal vehicle is also a responsibility. You now should protect yourself, your car, and your passenger whenever you are driving. There are risks associated with operating your vehicle on the road. You can accidentally hit someone, or you could get involved in a road accident. Hence, it is essential to get financial protection for these risks.
Mandatory Requirement
Auto insurance is a must-have for anyone taking his vehicle on the road. Nearly all states have laws that will require you to have and carry an active auto insurance policy. Only Virginia and New Hampshire are the states that do not require drivers to have auto insurance. However, even in these two states, you are still liable for any road accident that you created.

In most cases, it is costly to shoulder the expenses for car repairs and medical treatment if you caused a road accident. If you do not have car insurance, these expenses will surely hurt your funds. Auto insurance can provide financial coverage for car accident-related costs. Thus, it is significant to learn the three factors that help dictate the auto insurance premiums you will pay.

Your Vehicle
Car insurance companies will compute your insurance premium based on the type and model of your vehicle. If you are driving a luxury car, your insurance premium will move the insurance cost up. The primary reason is most of the parts and components of a luxury vehicle are expensive to replace.

A 2018 study found out that small SUVs have the least expensive auto insurance with $1,074 per year among the types of cars. Medium SUVs follow it with an annual insurance premium of $1,102.
The same study also reported that small sedans recorded the most expensive car insurance premium with $1,315 every year. On the other hand, the pickup truck got the second most expensive car insurance premium with $1,242 annually.

There is a $241 between the annual cost for insuring a small SUV than a small sedan. So, if you are on a budget, owning a small SUV is more economical than getting a small sedan. 

Your Location
Your residential address plays a significant role in computing your auto insurance premium. Each state has its policies governing auto insurance. State regulations define the required coverage that drivers should have. Laws and policies on car insurance are factors in determining the insurance cost you need to pay.

A recent comparative study revealed that drivers in New Jersey and Connecticut pay more car insurance premiums than in any other state. On average, the car insurance premium in New Jersey is $1,553 every year, while Connecticut's yearly insurance cost is $1,541.

Meanwhile, car owners in Ohio and South Dakota are paying the cheapest auto insurance across the country. The average car insurance premium in Ohio is $1,195 per year, while the annual insurance cost in South Dakota is $1,199.

Conclusion
The vehicle you owned and your home address are among the factors that help determine the insurance premium that you will be paying. Car insurance companies also consider your age, driving record, credit history, and coverage extent in calculating your premium.

At Arnold, Bruce & Doerfler Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (503) 222-1951. You can also request a free quote by CLICKING HERE.
3 Comments
Mia Evans link
7/7/2022 10:05:26 pm

Thanks for helping me understand that the location where we live will also affect the cost of car insurance, because each state would definitely have various regulations. I guess it would be best to ask around from companies near me to have an idea of how much I need to prepare when I get my own car this year. I would definitely want it to be covered for my peace of mind if ever I start having issues with its condition or even when I get into an accident.

Reply
Autocrat link
8/23/2022 04:05:52 am

Level of auto insurance protection required is important as well but not as important as people may think. That is why they should look for full coverage before they concern themselves with costs. Even they want to buy the bare minimum required by the state it may not be much cheaper.

Reply
John Carston link
9/13/2022 11:36:24 pm

My favorite part of this article is the necessity and a must for everyone on the road for their safety. My friend told me last week that he was planning to have auto insurance that could provide the most reasonable insurance rates for the protection coverage for his car, and he asked if I had any idea what would be the best option to consider. Thanks to this helpful article, I'll be sure to tell him that it will be much better if he consults a trusted auto insurance agency as they can provide more information about the best plan.

Reply



Leave a Reply.

    Contact Us

    (503) 222-1951​
    1405 SW 14th Ave
    Portland, OR 97201​
    Click Here to Email Us

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    October 2017

    Categories

    All
    Auto Insurance
    Business
    Business Insurance
    Business Owner's Package (BOP) Insurance
    ​Critical Illness Insurance
    ​Critical Illness Insurance
    Health Insurance
    Home Insurance
    Life Insurance
    Professional Liability (E&O) Insurance

    RSS Feed

Licensed in ​Arizona, California, Colorado, Idaho, New York, North Carolina, Ohio, Oregon, Texas, Utah and Washington


Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Connect With Us

Share This Page

Contact Us

Arnold, Bruce & Doerfler Insurance
1405 SW 14th Ave
Portland, OR 97201
(503) 222-1951​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash