- January 17, 2024
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Need Oregon car insurance quotes? Then, you’ve come to the right place. We will give you the best recommendation for trusted auto insurance from liability protection to comprehensive coverage at a great price.
Well, drivers in Oregon must have car insurance to cover unexpected events while driving. You may have prepared everything before driving, but you never know what will happen on the road. Let’s say you have a car accident where your car is scratched and you get injured. In this case, car insurance works to cover and protect you financially.
What is Car Insurance?
Before we go any further, let’s get to know what does car insurance mean? Simply put, car insurance or automobile insurance is a type of financial protection that provides coverage caused by an accident or in case your car is stolen. It will pay the driver’s medical bills and repair the damage to your car.
Auto insurance will also cover in case your car is stolen or damaged beyond an accident. You may select which coverage suits your needs the most. However, getting fast and competitive price car insurance sometimes is quite challenging.
Who Needs Car Insurance?
Most states require every car to be covered by auto insurance. This policy is stated in the law and must be adhered to. The driver can claim this insurance in the event of an unexpected accident, either a single-vehicle collision or an accident involving any other vehicle. The insurance company will carry all the costs.
In short, you must have car insurance to drive your vehicle no matter where you live. It is the best way to cover the risk of accidents that can occur at any time. Some types of insurance also help pay your legal fees if you are taken to court due to the accident.
Does Oregon Require Car Insurance?
As stated on Oregon.gov, Oregon has a law that requires every driver to have car insurance. Therefore, driving on Oregon roads without liability coverage is illegal. You must submit a traffic accident and insurance report to the Department of Motor Vehicles (OR DMV) once you are involved in a car accident in the state of Oregon.
For this reason, it is very important to have Oregon car insurance. In addition to providing peace of mind on every ride, you can also get various benefits for unpredictable events. So make sure you have proof of auto insurance in Oregon right before you drive.
Types of Oregon Car Insurance Coverage
Car insurance coverage in Oregon has many variations. Every driver must have at least these minimum insurance coverage to drive in Oregon, as listed below:
1. Bodily Injury
Bodily injury liability coverage will help to cover payments if you are at fault for an accident that injures another person. This insurance will pay for someone else’s hospital bills if you cause a car accident including paying for doctor’s visits and other associated costs.
Not only that, bodily injury provides compensation for lost wages and income. For instance, if the person injured in your accident loses income or wages because he or she is unable to perform the normal functions of his or her job. He may need to undergo physical therapy for months as part of the recovery process.
In general, bodily injury insurance covers the costs described above where you are liable for an accident. It includes drivers or passengers in other cars, unrelated passengers in your own car, and even pedestrians.
In Oregon, if you choose this bodily injury insurance, you will need to pay $25,000 per person and $50,000 per accident for bodily injury to others.
2. Property Damage Liability
Meanwhile, property damage liability coverage typically helps cover the cost of repairing other cars for accidents you have caused. This insurance coverage does not cover damage to your own vehicle but takes responsibility for damage to other vehicles.
Property damage liability coverage limits will vary from one state to another. For example, in Oregon, drivers are required to have at least $20,000 per crash for damage to others’ property.
3. Personal Injury Protection
Personal Injury Protection or known as PIP coverage or no-fault insurance is a type of insurance that will protect you in case you are injured in a car accident. The coverage includes medical expenses, hospital bills, and expenses not covered by your health insurance company.
Personal injury protection covers medical expenses regardless of who is at fault for an accident. You can have personal injury protection coverage by paying at least $15,000 per person in Oregon.
4. Uninsured Motorist Coverage
Another type of insurance is uninsured motorist coverage. Uninsured or underinsured motorist coverage is usually applied when the at-fault driver doesn’t have enough insurance coverage. It is also to protect your finances from car accidents that you did not cause.
Oregon law requires every driver to carry the minimum of uninsured motorist coverage for $25,000 per person and $50,000 per accident.
How Much Does Oregon Car Insurance Average Cost?
Before buying coverage, most of you will probably be wondering: How much does Oregon car insurance cost? As stated in thezebra.com, the average cost of car insurance in Oregon is $1,325 per year. It means 15% lower than the United States average.
The type of car insurance you need depends on many different factors. It includes your address, your age, and your driving history. Some people prefer comfort and security with more protection and some would rather go for minimal coverage.
The Cheapest Car Insurance Quotes in Oregon
Here are the cheapest Oregon car insurance companies that you can choose from, including:
1. State Farm: $39/monthly rate
2. Country Financial: $52/monthly rate
3. Progressive: $71/monthly rate
4. American Family: $74/monthly rate
5. Travelers: $93/monthly rate
6. Geico: $94/monthly rate
7. Allstate: $112/monthly rate
8. Farmers: $126/monthly rate
9. USAA: $50/monthly rate (only available to former military members and their families)
What Oregon Car Insurance Quote is Perfect for You?
Before you choose Oregon car insurance coverage, you should compare quotes from several companies online to avoid spending more budget. You can fix your mind and choose which one you need more. Hope this article helps you. Stay safe and drive carefully!
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