Car insurance rates in Oregon are some of the highest in the country. This is why it's important for Oregon drivers to shop around and compare prices from different insurance companies, not just the ones that some online insurance companies choose for them.
All drivers in Oregon are required by law to have liability insurance. This insurance will pay for other people's medical bills if you hurt them in an accident. It will also pay to fix the other driver's car or other property that was damaged in the accident. You can choose from different levels of liability coverage. Choosing the lowest level will save you money on your monthly premiums, but it might not cover all the costs of a major accident. If the amount of coverage you have doesn't cover all of the costs of an accident, you may have to pay for the rest yourself.
Personal Injury Protection is another thing that all drivers in Oregon have to have by law (PIP). This pays for medical care, funeral costs, and lost wages for you and your passengers. Drivers can pay a deductible on their PIP coverage, which lowers their monthly premium payments; the higher the deductible, the lower your payments.
Uninsured Motorist coverage is the third type of car insurance that all drivers in Oregon are required to have. If you are in an accident with a driver who does not have the required liability insurance, this coverage will pay for your medical bills and those of your passengers.
If a driver in Oregon wants the cheapest car insurance, they can buy the minimums of these three types of insurance and still be legally allowed to drive on Oregon roads. But if you don't have extra coverage, like Collision coverage, your insurance won't fix your car if you cause an accident and are at fault. Also, if you only buy the minimum insurance required by law in Oregon, you may have to pay for some costs out of your own pocket if you get into an accident.
Even if you only buy the minimum insurance required by law, you should still shop around and compare the rates of several different companies online. Rates vary a lot from one company to the next.
