| 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. |