Auto Insurance in Oregon

If you own a vehicle in Oregon, it’s mandatory to have auto insurance.In this article, we’ll discuss the different types of auto insurance coverage available in Oregon, how to get the best rates, and answer some frequently asked questions about auto insurance in the state.

Types of Auto Insurance Coverage

When it comes to auto insurance, there are several types of coverage you should know about:

Liability Coverage

Liability coverage is mandatory in Oregon and covers damages or injuries you may cause to others in an accident. This includes property damage, medical expenses, and legal fees. Oregon’s minimum liability coverage is $25,000 per person for bodily injury, $50,000 per accident for bodily injury, and $20,000 per accident for property damage.

However, it’s important to note that these minimum requirements may not be enough to cover all damages in the event of a serious accident. We recommend working with an insurance agent to determine the appropriate amount of coverage for your needs.

Uninsured/Underinsured Motorist Coverage

This type of coverage protects you if you’re involved in an accident with someone who doesn’t have insurance or doesn’t have enough insurance to cover the damages. Oregon law requires auto insurance policies to include uninsured/underinsured motorist coverage, but you can decline this coverage if you choose.

Collision Coverage

Collision coverage pays for damages to your vehicle if you’re involved in an accident, regardless of who is at fault. This coverage is not mandatory in Oregon, but it may be required if you have a car loan or lease.

Comprehensive Coverage

Comprehensive coverage pays for damages to your vehicle that are not caused by an accident, such as theft, vandalism, or natural disasters. This coverage is also not mandatory in Oregon.

How to Get the Best Rates on Auto Insurance in Oregon

There are several factors that can affect the cost of your auto insurance in Oregon:

Your Driving Record

If you have a history of accidents or traffic violations, your insurance rates will likely be higher than someone with a clean driving record.

Your Age and Gender

Younger drivers and male drivers tend to have higher insurance rates, as they are statistically more likely to be involved in accidents.

Your Vehicle

The make and model of your vehicle can also affect your insurance rates. Luxury cars and sports cars tend to be more expensive to insure than sedans or SUVs.

Your Coverage Amount

The amount of coverage you choose will also impact your insurance rates. Higher levels of coverage will cost more than the minimum required by law.

To get the best rates on auto insurance in Oregon, we recommend shopping around and comparing quotes from multiple insurance providers. Consider working with an independent insurance agent who can help you find the best coverage at the most affordable price.

FAQ

What is the penalty for driving without insurance in Oregon?

If you’re caught driving without insurance in Oregon, you could face fines, license suspension, and even jail time.

What should I do if I’m involved in an accident in Oregon?

If you’re involved in an accident in Oregon, you should exchange insurance information with the other driver and contact your insurance company as soon as possible. If anyone is injured or there is significant property damage, you should also contact the police.

Can I insure a car that’s not in my name?

Yes, you can insure a car that’s not in your name as long as you have permission from the owner to do so.

What is gap insurance?

Gap insurance covers the difference between what you owe on your car and its actual cash value in the event of a total loss. This type of coverage is often recommended for drivers who have a car loan or lease.

Do I need to notify my insurance company if I move?

Yes, it’s important to notify your insurance company if you move to a new address. Your rates may change depending on your new location.

Conclusion

Auto insurance is a necessary expense for anyone who owns a vehicle in Oregon. By understanding the different types of coverage available and working with an independent insurance agent, you can get the best rates on the coverage you need. Don’t forget to review your policy regularly and make any necessary updates to ensure you’re adequately protected.

Policy Type	Minimum Coverage Amount
Bodily Injury Liability	$25,000 per person/$50,000 per accident
Property Damage Liability	$20,000 per accident