Living expenses in the Beaver State appears to be fairly high in comparison with many other states. However, cost of car insurance in Oregon don’t appear to be too bad. Also, numbers of Uninsured Drivers are not bad either at 10%. This is below the national average of 14%. There may not be any scientific evidence but you don’t need evidence to understand that cheaper automobile insurance helps drivers afford policies. That may be why we see lower premiums and lower uninsured driver figures on average.
Oregon Auto Insurance Laws and Requirements
Minimum requirements are interesting and require a little explanation into it. OR has regular minimum liabilities coverage requirements. Plus, it has a “no-fault” provision that requires drivers to buy Personal Injury Protection. State also mandates a minimum Uninsured Driver Coverage. Here are the requirements and limits;
- $25,000 for bodily injury or death per person.
- $50,000 total for bodily injury or death per accident.
- $25,000 for property damage.
- $15,000 per person for personal injury protection.
- $25,000/$50,000 for uninsured motorist coverage
You can see these figures on state Department of Motor Vehicles site. However, Oregon is not a true “no-fault” state. It requires its motorists to buy the no-fault element of a motor insurance but doesn’t control how people use it. In other words, you may have coverage for small injuries in an accident that was caused by someone else.
However, the state allows a not-at-fault accident victim to sue (without restrictions) the at-fault driver for pain-and-suffering and disability damages. Thus, while Oregon has a no-fault provision, it is not truly a no-fault insurance state.
A broker can help motorists understand their policies well. You can also find out a lot by searching for answers on the Internet. If you feel you know enough you can check online quotes and see if you can reduce your costs.
How Much Is Automobile Insurance in Oregon?
Average premium cost is $783 and that is below the national average. Generally, policies don’t appear to be expensive here no matter what type of coverage you require. For example, the average cost of full coverage is $1267 and this is cheaper than the US average too. Buying enough coverage for your requirements is always handy, especially if you have to make a claim one day. Otherwise, knowing you have good coverage offers comfort.
State average premiums are one thing what you pay is another. There are many people who pay expensive rates in a fairly cheap state or vice versa. Every individual should make an effort to find the best coverage, most reliable insurer and cheapest premium for their circumstances. If you want to get three things right you may have to find a balance. However, studying a bit can help you make a better decision. For example, you may not be happy with the auto insurer who is offering you a great policy package and price at the beginning. When you research about the insurer you may find that there is nothing to worry about.
Lowest Priced Car Insurance Companies in Oregon
Finding the cheapest insurers in your state helps a lot in your search to lower your premium. You can check these companies for the best rates first and line up a few others to get quotes from. Remember that the cheapest insurers will change depending on your circumstances. For example, below companies may not be cheap if you have bad driving record.
- GEICO, $580
- Oregon Mutual, $687
- Country, $718
In this state vehicle insurance quotes from different companies can be significantly different. The price difference can be more than five times between the cheapest and most expensive insurer that you must make sure to compare quotes. Otherwise you can end up paying a lot more than you bargained for. This is what happens if you just trust your agent or broker and don’t shop around.
Low premiums are enjoyed across the state with most cities falling nicely around the average prices. There are only two cities that strike as expensive in comparison with the rest of the state and they are Portland and Gresham. The above 3 insurers appear to hold their prices in most cities too.
Auto Insurance Portland Oregon
The city of Portland is famous for quirky culture and home to interesting coffee shops, boutiques, gastro restaurants and microbreweries, including the Portland Art Museum. It is also one of the greenest cities in the country. It is the largest city in the state and therefore it is not surprising to see that it has the most expensive rates that are about 1/4 higher than the state average.
You can easily save around $500 on car insurance in Portland by shopping around for the best rates. Insurers are on a wide price span in terms of price. Therefore, it is almost foolish not to get alternative quotes and look for the best deals. If you want to reduce your city automobile insurance in Portland you can follow the link for our tips on saving money.
There are so many effective methods to save money other than shopping around no matter where you live. Your rates may be slightly higher because of the increased minimum requirements in your state. Where you live affects your rates in different ways too as it is clear from the Portland example. Choosing a nice neighborhood is one of those ways that help you get lower quotes. You can also get cheaper quotes by making sure that you have private parking where you live. Being close to work may qualify you for discounts as well as driving less by taking public transport. These are only some of the options available to motorists who like to pay less for car insurance.
You should take responsibility and make sure that you are properly insured. If you are legally forced to insure your vehicles anyway why not spare some time and do a good job of it? You can find out more about choosing the right auto insurer by reading further here or checking other websites. There are plenty sources of information these days.