Finding reliable, quality Oregon car insurance that is affordable is a concern of many residents of the state today. As the insured, you want to know that you have the right coverage, that premiums are affordable, and that you are taken care of in case of an accident. Finding the right insurance policy is possible when you ask yourself a few basic questions.
Do I Have the Right Coverage?
When it comes to Oregon car insurance laws, the state follows a tort system which means that responsibility for an accident must be determined and then the responsible party must take care of all related costs. This includes damage to the vehicle, property damage, medical needs, bodily injury, and court costs. Because it follows a tort system, Oregon requires all drivers to carry insurance.
To be in compliance with Oregon law you must carry 4 types of insurance. Bodily Injury Liability needs to be in the amount of $25,000 per person and $50,000 for all involved per accident. Property Damage Liability must be in the minimal amount of $10,000 while Personal Injury Protection must be in the amount of $15,000. The final type of coverage is Uninsured/Underinsured Motorist Bodily Injury coverage in the amount of $25,000 per person and $50,000 per accident.
What Makes Someone Subject to Higher Rates?
There are many factors that are considered when determining an Oregon car insurance premium. Some of those factors you, as the driver, can control - others you cannot. Being aware of what some of the factors that insurance companies see as risky are may help you lower your monthly rate by removing some of the risk.
Oregon car insurance companies always charge a higher rate for new drivers, whether a teenager or an adult. Taking a defensive driving course, enrolling in driving lessons and as a student taking a driver's education class can lower your car insurance premium with most companies. Car insurance companies also look at what type of car you drive. The more sporty it appears (this includes even simple upgrades like fancy hubcaps), the more your premium will be.
Another risk is a negative driving history. Drivers who have caused an accident or had several speeding tickets in the last five years will be subject to higher Oregon car insurance rates. This includes any drinking and driving related charges. Being a careful, defensive driver can help lower your rates.
How Can I Find a Fair Rate?
Finding a fair rate on Oregon car insurance is simple. As you are shopping around with different companies, be aware of what the law requires and know the ways you can lower your probability of being an at risk driver. Ask the companies you are getting quotes from about the discounts that may apply for being a low risk driver and get the coverage you need today.