Oregon Car Insurance
Car Insurance » Oregon
Oregon state law does not permit its drivers to be on the road without insurance; however, that doesn’t have to be an obstacle – there are plenty of affordable insurance options. To legally drive, residents must obtain three different types of Oregon car insurance:
1. Bodily injury and property damage
2. Personal injury protection
3. Un-insured motorist coverage
There are minimum coverage requirements for the above three policies that must be met or exceeded before a person can register a vehicle under their name. For instance, bodily injury and property damage must meet the 25/50/20 rule – which translates to $25,000 per person, $50,000 for bodily injury, and $20,000 to cover the other party’s property damage. Additionally, each driver must be insured for at least $15,000 per person for personal injury protection, as well as $25,000 and $50,000, respectively, per person and crash under their uninsured motorist coverage.
Although it may seem like a requirement of three different types of car insurance is a bit excessive, the law is in place to protect all the drivers on the road. In fact, many drivers find that the minimum coverage isn’t actually enough to cover the entire cost of the crash – this is why it’s so important to discuss all policy decisions with a qualified insurance agent in Oregon before making a purchase.
Because Oregon has a relatively strict insurance requirement compared to many other states, they work hard to monitor and enforce compliance with the law. For instance, a person’s driving privileges are subject to suspension if they ignore a call from the DMV verifying their insurance coverage – residents are chosen to receive a phone call at random every month.
They best way to avoid hefty fines, court fees and license suspension terms that can last up to a year is to always keep insurance policies up to date.
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