The cost of car insurance in Oregon is high. In fact, comparing prices across the country shows that Oregon drivers pay more for car insurance than almost two thirds of other drivers in the United States.
This makes it even more important for drivers in Oregon to shop around for the best deals on car insurance.
If a bank or other third party is paying for your car, you will probably have to get full insurance coverage on it. Still, the amount of coverage you have to take may vary depending on where you get your car loan. If you take the least amount of coverage required, you can keep your rates as low as possible.
But before you buy a new or used car, there are a few things you should think about that could help you save a lot of money over the next year.
First, your insurance costs will be higher the faster, more powerful, and more expensive your car is. Sport cars, for example, have a very high premium.
Also, it's better to compare prices of different policies online before you buy one than after the fact. If you set up insurance ahead of time, you can often save a lot of money compared to what a dealer will try to charge you for insurance at the time of purchase.
If you're under 25, your car insurance rates are some of the highest, so if you're still in school, stay there, work hard, and get good grades. Almost all car insurance companies offer a Good Student Discount.
If you already have other types of insurance, like homeowner's or life insurance, ask your agent if they offer a discount for having more than one plan with them.
You can also change your monthly premiums by changing the amount of your deductible, which is the amount you pay if you make a claim. You should also get a discount if you can pay your insurance premiums once a year instead of every month.
Oregon car insurance is expensive no matter how you look at it. However, if you follow some of the tips here, you can probably lower your annual costs and make driving a lot more fun. After all, who doesn't like saving money?
