Best Insurance Rates Lake Oswego
As you look for the most affordable and best insurance rates in Lake Oswego, get your information and quotes form Schmidt Insurance Group.
Schmidt Insurance Group opened its doors in 2019 with a goal of making insurance easy while providing exceptional customer service. We proudly serve the local Portland area and all of Oregon and Washington. Our office is full of born-and-raised Oregonians!
At Schmidt Insurance Group, we take the time to understand your unique needs. We are licensed experts who can help you make smart decisions about the coverage you need to protect your family, your property, and your business.
5 Shocking Facts that Affect Your Rates
Though you certainly know that your credit score and driving record will make an impact on what rates our experts can offer you, there are other things you might not know are influencing your quotes. Here are 5 shocking facts that affect your rates:
- Marital Status- Yes, your marital status impacts your rates. You probably didn’t realize that being married can lower your rates. However, if you are divorced or widowed there will probably be a spike in costs as companies tend to think those with families drive safer.
- Who’s Allowed to Drive- Even if you don’t name a driver on your policy, anyone that lives in your home is considered a potential driver. If the person of driving age has had issues with driving, then it is possible the company will list that individual as an “excluded” driver. This means that this individual won’t be insured if you ever let him/her drive your car.
- Mileage Driven- People who do a lot of traveling or driving will notice that their rates are higher than those who stay within a smaller mileage radius. The reality is, that the more time you spend on the road the higher the probability that you will be involved in an accident. And, traveling means that you are frequently in places that are unfamiliar which makes that potential increase as well.
- Gender- While not a huge influencing factor the older you get gender can still make an impact. The joke is always about women drivers, but you will find that they generally get lower rates than men. This is because statistics show that men are more likely to be involved in high-speed accidents and to participate in other reckless driving activities. Younger people see this more pointedly in their insurance quotes.
- Ownership Type- If you have ever leased or financed a vehicle you noticed that your insurance costs increased. This is because the financing party requires that you have full coverage to ensure that nothing happens to their investment. But once your car is paid off you will enjoy a significant rate drop as you will no longer be required to carry the higher coverage levels. Don’t get too excited about dropping your rates though because you will still need to make sure you have enough to cover a replacement should something happen.
Whether it’s a new policy, or you’re just looking for the best insurance rates in Lake Oswego, getting insurance quotes can be a little tricky. Schmidt Insurance Group can make the entire process easy! Give us a call at (503) 506-4554 to explore your options.
