Auto insurance is expensive, and it's not likely to get cheaper any time soon as long as the price of new cars keeps going up and up and up. If anything, you can expect auto insurance rates to keep going up.
So, as a good driver in Oregon, what can you do to keep your car insurance rates low? There are, in fact, quite a few things.
If you are under 25, your rates will be among the highest in the state. However, if you are in school and keep up good grades, many insurance companies will give you a Good Student Discount.
Check with your insurance company to see if you qualify for a multi-policy discount if you own a home and have homeowner's insurance or a life insurance policy.
You might get a discount on your insurance if your car already has an anti-theft device or if you add one. Also, if you pass a course on advanced driving safety, you may be able to get even more discounts.
If you're paying for your car with a loan, your lender will probably require you to have full insurance coverage. If you own your car outright, however, there's nothing stopping you from buying only the minimum insurance required by Oregon, which can save you a lot of money.
Depending on how old your car is, you might not even need Comprehensive insurance. Comprehensive insurance pays for repairs to your car if you hit an animal or if it is damaged by a "act of God" like a fire, flood, wind, or hail.
Many people in Oregon try to keep the cost of their car insurance down by raising their deductible. Your deductible is the amount of money you have to pay for an accident yourself before your insurance pays for the rest. Your monthly insurance payments will be less if your deductible is higher.
So, car insurance in Oregon is expensive, but there are many things you can do to keep costs as low as possible. You should be able to find cheap car insurance in Oregon if you use as many of these tips as you can.
