Insurance In Your State

Drivers in Portland, Eugene and other Oregon cities need to understand the state's laws and regulations regarding car insurance. The state legislature along with the state's insurance regulator have develop a set of requirements that help frame the insurance shopping experience for motorists. Each motorist also needs to appreciate the importance of possessing at least the minimum amount of coverage to protect finances and investments. This information and resources to purchase car insurance in the state of Oregon are available through InsuranceAuto.org.

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The Oregon state judiciary utilizes a tort system to determine appropriate remuneration in car accidents. This system forces judges and juries to determine which motorist caused the accident in order to decrease the financial burden on victims of serious crashes. This fact is important for every motorist when shopping for car insurance because it is critical to have coverage that is adequate to address potential legal issues.

The state legislature has crafted a 25/50/10 formula for car insurance for every motorist in the state of Oregon. Personal injury liability protects each motorist from high expenses due to emergency care following an accident. Oregon insurance policies need to have a minimum of $25,000 in personal injury liability for each motorist and $50,000 per incident. In addition to personal injury coverage, drivers must have at least $10,000 in property damage liability to help pay for damage caused to public and private property. Savvy shoppers can move past these limits when shopping for a policy at InsuranceAuto.org because they save money on their annual premium.

Car insurance policies in many states leave the minimum requirements at personal injury and property damage liability. Oregon state laws go above and beyond this standard by requiring personal injury protection (PIP) and uninsured and underinsured motorist coverage. Personal injury protection covers surgeries, procedures and therapies that are made necessary by the effects of a car crash. The PIP limit in Oregon is $15,000 though drivers with inadequate health insurance should consider upping their PIP coverage to $20,000 and above to deal with major medical costs.

Uninsured and underinsured motorist coverage is particularly important in a state like Oregon that has a tort system. Drivers from out-of-state or those operating a motor vehicle illegally with inadequate insurance can present a major problem for responsible drivers throughout Oregon. Insurance laws are geared to respond to this problem by requiring each motorist to have at least $25,000 in uninsured motorist coverage per person and $50,000 per accident. This coverage seems like an extravagance for most motorists but the possibility of spending money on someone else's mistake is always present.

Shoppers in Oregon who want to meet these limits and find an insurance policy that fits their personal needs can utilize InsuranceAuto.org. Many drivers consider national insurance companies monolithic and above the fray when it comes to reducing prices due to competition. The rising competition among local, state and national companies caused by the Internet means that Oregon drivers can save a good deal of money with a few clicks of their mouse.

Data from the Insurance Information Institute suggests that residents of Oregon spent an average of around $737 on insurance premiums in 2005. This represents a 2.2% decrease from 2004, when residents were paying $753 on average. Leading up to 2005, Oregon residents had been experiencing yearly increases as high as 7.92% in some instances. In general, 2005 was the year when a majority of customers across the nation began to see their premiums decline. InsuranceAuto.org and other similar sites have had a huge role to play in sensitizing people about the advantage of technology in comparing rates before buying insurance.