How to Find Cheaper Auto Insurance in Oregon?

Answer 1

Oregon drivers must carry a certain amount of liability insurance as well as uninsured motorist and personal injury protection. When combined with collision and comprehensive coverage the cost can be quite high. Everyone wants to save money on car insurance, but the actual cost of premiums is ultimately determined by how extensive of a search is performed by the shopper. Many providers offer Oregon residents discounts so long as the qualifications are met. Combining auto insurance with other forms of coverage can also save money

Consider How Much Insurance Is Needed

The law in Oregon requires at least $25,000 in liability insurance to cover costs related to bodily injury suffered by an innocent victim, twice this amount to cover the costs of all injuries suffered by non-fault individuals in a single accident and $20,000 to pay for vehicle and personal property damage belonging to non-fault parties. It is up to the individual driver to decide if this is enough protection. Often carrying a higher amount will cost no more per month if a full collision and comprehensive package is purchased. Collision insurance will be required anyway if the vehicle is being financed.

The minimum amount of PIP and uninsured motorist protection is automatically figured into the quotes given by an online comparison site. If a driver has medical insurance it may not be necessary to purchase more than about $5,000 of PIP. To offset the cost of PIP and uninsured motorist protection, Oregon drivers may want to consider a higher deductible amount on collision insurance. Raising the deductible from $500 to $1,000 is usually a good choice if the vehicle owner is a safe driver. This change in deductible amount may lower the cost of collision insurance by as much as 30 percent.

Adding Auto Insurance To An Existing Policy

Homeowners can save on car insurance in Oregon by using the same provider for all types of coverage. Homeowners are generally considered a lower risk because they have an expensive investment to protect. Some insurance companies offer a better rate on combined insurance, so even if the driver already carries homeowner's insurance it is a good idea to compare rates using an online matching service.

When shopping for auto insurance Oregon drivers should also look for any discounts that apply to the vehicle as well as themselves. Some cars cost less to insure simply because of the safety features installed, but unless the insurance company knows the car has an anti-theft protection system or rearview camera there will be no discount. It is important for vehicle owners to list all enhancements to the vehicle as well as inquire about discounts for drivers with no claims filed in the past several years.