In the midst of the current recession, consumers in Oregon are looking for ways to tighten their belt. If you have not reviewed your car insurance policy in recent years, there’s a good chance you could save money by shopping around for a new one. While there’s no magic route to getting low cost car insurance in Oregon (OR), we do have some tips that could help you get a great policy at an affordable rate.
The state of Oregon requires all drivers to maintain liability coverage of at least $25,000 per injured person, with a total of $50,000 per accident. Oregon also requires Property Damage Liability Coverage if $10,000 which protects you if you cause damage to another person’s car or possessions. If you own substantial assets like a home, you should seriously consider going beyond these limits. While sticking to the state mandated minimum will make it easier to find low cost car insurance in Oregon, you could be putting your financial future at risk if you do not have enough liability coverage.
In Oregon, a tort system is used in which the driver responsible for the car accident is responsible for paying all damages. In the case of a serious accident that injured several people, the costs could easily top the $50,000 state minimum. Without additional liability coverage if you are found to be at fault you would be held personally responsible for paying any costs that your insurer doesn’t. If you are sued, all of your assets could be seized, so make sure you have enough protection.
Oregon car insurance rates are about on par with the national average. However, drivers in urban areas of the state like Portland will see higher costs than those living in the countryside. City driving involves more congestion and more chances to get into an accident which raises rates. Low cost car insurance in Oregon is easier to get for those who live in rural areas because the same factors are operating in reverse – fewer cars mean fewer accident claims.
No matter where you live in the state, you are more likely to find low cost car insurance in Oregon if you compare prices from multiple carriers. Like other industries, the insurance business is a competitive one and dozens of companies are vying for your policy. Using this website you can quickly compare rates from three or more insurers with the click of your mouse. Simply enter your zip above and you will be connected with the best inexpensive insurance companies in your area. Click on one or more of the car insurance companies presented to get an instant rate quote.