There are many things to consider when obtaining insurance for Oregon residents. Like other states, Oregon has set a minimum amount of insurance that must be in place at all times. However, this state has some differences when it compares to other state’s requirements. Anyone who resides in this state, or is moving to it, should know the minimum requirements prior to shopping around for automobile insurance.

Oregon, like most states, requires it’s drivers to carry an insurance policy that covers liability in the event of an accident. This liability insurance is used to cover any bodily injuries or property damages that are result of an accident the policy holder causes. The minimum amount the state requires for bodily injuries is $25,000 per person or $50,000 for all people injured in the accident. The state also requires drivers to carry a minimum of $20,000 for property damage liability insurance. These insurance amounts are the minimum that the state requires, however individuals are encouraged to purchase more insurance to help cover expenses in the event of an accident.

In addition to liability insurance, the State of Oregon also requires it’s drivers to carry personal injury protection and uninsured motorist liability coverage. The personal injury protection coverage is used to pay for necessary medical expenses that are derived from an automobile accident. The minimum amount required for this insurance policy is $15,000 per person. Uninsured motorist liability coverage will help protect a person in the event they are hit by a person with no insurance. The state’s minimum requirement for this type of insurance is the same as for liability insurance.

Oregon does recognize there are some motorized vehicles that is unnecessary to have insured. Therefore the state does not require many types of motorized vehicles to be insured. These vehicles include farm tractors or trailers, motorized scooters, and antique vehicles that have been permanently registered with the motor vehicle department. The state also does not require vehicles that are only driven under certain circumstances to be insured. These vehicles are typically collector’s edition vehicles, parade floats, and other vehicles of this nature.