Oregon Auto Insurance
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Oregon Auto Insurance Requirements
A driver’s life could be so much easier if a single set of auto insurance laws covered all 50 states. Unfortunately, this isn’t the case with auto insurance since individual states set their own rules and regulations. Oregon state law is no different; requiring its drivers to carry these types and amounts of auto insurance:
Liability requirements for Oregon
The minimum bodily injury liability a driver in Oregon must carry is $25,000 per single-person accident and $50,000 per accident in which multiple persons are involved. The property liability minimum is $10,000 and covers the damage done to another person’s property, including another person’s vehicle, as a result on an accident.
Oregon Personal Injury Protection
Although not recognized as a true “no-fault” state, Oregon law mandates that its drivers carry PIP or Personal Injury Protection insurance. PIP provides the driver as well as any of the driver’s passengers with insurance in the event of an accident, with no regard to fault. This type of insurance covers “reasonable and necessary” services such as medical, dental, ambulance, surgery, hospital stays, and prosthetic needs, not to exceed $15,000. PIP also allows for limited payment towards earnings loss, costs for a funeral, child care, and essential service.
Oregon UMBI/UIM
Oregon law also requires drivers to have Uninsured Motorist Bodily Injury (UMBI) and Underinsured Motorist (UIM) coverage of $25,000 per person and $50,000 per accident. With this type of coverage, the insurer will pay bodily injury-related expenses for the insured as well as the insured’s passengers in the event the insured and the insured’s passengers are involved in an accident with an uninsured or underinsured motorist. Given the fact that as many as 25% of the drivers on the road today have no or inadequate insurance protection, this of coverage makes a lot of sense.
Optional coverage for Oregon Drivers
Although Oregon does not require it, drivers may wish to consider purchasing Comprehensive/Collision coverage. This coverage pays for the insured’s vehicle repair expenses that happen as a result of a collision or turn-over or that happen for reasons beyond the insured’s control (comprehensive) such as theft, vandalism, weather, wildlife and more, regardless of fault.
Oregon Department of Consumer and Businesses Services – Insurance Division
More information on Oregon’s unique auto insurance laws can be found by visiting the Oregon Department of Consumer and Businesses Services Insurance Division in Salem or online at http://egov.oregon.gov/DCBS/. Information can also be obtained by calling 503-947-7980.