East Coast Auto Insurance offers top rated Oregon auto insurance companies from Allstate to Geico and Progressive and 21st Century. We will help you find suitable coverage no matter what your driving history is. Call us now at 888-206-0565 for immediate assistance.
To legally own/lease and operate a motor vehicle in Oregon you must prove financial responsibility. Oregon is one of the few states that does not allow alternate ‘proof of financial responsibility’ – the only way to establish it is to buy a liability policy with the following minimum requirements:
- $25,000 bodily injury for one person
- $50,000 bodily injury for two or more persons
- $20,000 per accident for damage to property of others
- $15,000 personal injury protection
- $25,000 per person for uninsured motorists
- $50,000 per accident for uninsured motorists
While these requirements are broader than in most states, they may not be sufficient coverage if you are found to be at fault in an accident, especially if you are involved in a lawsuit which usually follows.
What are the rules and guidelines auto insurance companies must follow regarding the use of Personal Credit History in selecting applicants and setting rates?
In the state of Oregon, the use of Personal Credit History as a tool to help determine rates and renewals is limited. The issue of Personal Credit History and how it can be used relative to auto insurance is controversial in the state of Oregon, so the Oregon Insurance Division has outlined the rules as follows:
“In Oregon, insurers can’t use a policyholder’s credit information to raise premiums. Also, the law prohibits insurers from canceling or refusing to renew existing policies because of credit history problems. Insurers can use credit information when deciding whether to issue a new policy, but only if they can document that it helps them predict future claim costs and price their products fairly. At the same time, they must demonstrate that credit information is used as part of an evaluation system that also relies on other relevant factors. Oregon insurers and producers (agents) must tell consumers how the company uses credit information before running credit checks. If a company uses credit information to prescreen applicants, the company must notify you of this before running a credit check. If an insurer uses credit information to make an “adverse” decision, such as not to offer the best rate or not to offer a policy, the insurer must give you specific reasons for the adverse action.”
It is important to keep in mind that auto insurance companies do not use Personal Credit History alone to determine rates, offers for products or to determine whether or not they will renew your auto insurance policy. Auto insurance companies also consider age, gender, where you live, car make and model, how much you drive, and driving record.
Is the state a No Fault or Tort state? What does either mean to the policy owner?
The state of Oregon follows a Tort System. What this means is, if you are involved in an accident, someone must be found to be the cause or fault of the accident. The person deemed at fault is responsible for all damages. Damages are usually handled through the at-fault person’s insurance company. Because Oregon is a Tort state, most insurance companies recommend that driver’s consider carrying higher coverages than the state minimums.
What is the average auto insurance premium in this state? As of what year?
As of 2006, Oregon resident’s average insurance premium was approximately $726, the 30th most expensive in the nation. This is down 1.7% from the previous year. The national average was $817.
In the state of Oregon, 477 motorists were involved in fatal car crashes between 2007 and 2008. Of the 477 fatal car crashes that year, 177 were the result of drunk driving. The state of Oregon has a number of laws in place that it hopes will stop drivers from drinking and climbing behind the wheel of a motor vehicle. For starters, Oregon has low blood alcohol content level (BAC) limits for adults, young drivers under 21, and commercial drivers.
In the state of Oregon, teen driving is serious business. So serious, that in 2000, the state of Oregon passed Graduated Licensing laws to keep teens and other drivers on the road safe. Oregon Graduated Licensing laws are strictly enforced and the state makes it a point to outline the rules and consequences if you break the laws. Oregon’s approach to teen driving seems to be working.
Our highly trained agents will review your status in depth and recommend appropriate limits and additional coverage such as comprehensive, collision and umbrella – all designed to insure that you and your assets are fully protected.
Call us now and allow us to get you a quote at a very affordable rate – 888-206-0565
We place coverage with top rated insurance companies such as:
- 21st Century
- Liberty Mutual
- AARP
- Nationwide
- AIG
- Progressive
- Allstate
- State Farm
- Esurance
- Travelers
- Geico
- Zurich
- Kemper