Oregon Auto Insurance
As an Oregon resident you know that you are required to
carry proof of auto liability insurance whenever you drive.
However, just because you have to buy car insurance doesn’t mean you have
to pay a lot for it! Here's  the information you need to know before you
start shopping for affordable Oregon auto insurance; once
you’re ready we’ve made it easy for you to start the
process of getting free automobile insurance quotes.
Minimum Auto Insurance
Requirements
in Oregon
If you own your vehicle you must meet certain minimum levels
of insurance before you start driving. Those minimums include
$25,000 in bodily injury liability coverage for a single person
and $50,000 per accident, and $10,000 in property liability
insurance which covers damage to the other vehicles or
property.
In addition, since Oregon is a no-fault state, car owners
must purchase PIP insurance (personal injury protection) which
covers your medical expenses in case of an accident. Coverage
includes medical expenses, loss of wages and essential services
for a full year, and funeral expenses.
In addition, Oregon requires bodily injury coverage against
accidents involving uninsured motorists of at least
$25,000/person, $50,000/incident.
Saving
Money on Oregon Auto Insurance
There are several ways to lower the cost of auto insurance
in Oregon. These include:
- Maintaining a good driving record – no tickets, no
accidents
- Choosing a sensible vehicle, one with reasonable repair
costs.
- Never let your insurance coverage lapse
- Increase deductibles to the highest amount you can
afford for out-of-pocket expenses
- Combine policies for additional discounts – ask about
multi-vehicle discounts or combining your auto and home
insurance policies.
Oregon is unique in its use of credit scoring to determine
rates. Scores can’t be used to raise premiums or cancel or
refuse policies. In fact, if an insurer decides not to offer
their best rate due to credit scoring, they are required to
tell consumers the specific reason for that decision.
Rating Categories for
Oregon Car Insurance
There are three basic categories of drivers, and your rates
will be determined based on which category you fall into.
Preferred – the best drivers with
clean records for at least the last three years.
Standard – moderate risk drivers, usually
with family cars and reasonably clean driving records.
Nonstandard – high risk drivers with a
history of tickets or accidents, a poor payment record,
frequently under 25 years old.
More Information on
Oregon Insurance
If you have other questions about purchasing coverage for
your vehicle, contact the Oregon Insurance Division, 350 Winter
St NE, Room 440, Salem, OR 97301. You can call them at
503-947-7980 or visit their website.
Ready to Shop for
Oregon Car Insurance
Now that you have
all the facts and know what you need, it’s time to start
shopping. The best thing to do is compare several free quotes
to see which is the best value for your insurance dollars. To
get started, just enter your zip code in the box below, then
click on the three or four companies that sound best to you.
Start now!
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