Posts Tagged ‘Oregon car insurance’

Oregon Auto Insurance Coverage Options

Friday, September 23rd, 2011

Oregon auto insurance buyers have several options available to them when choosing coverage. The following types of protection are offered by insurance companies licensed to sell policies in the state:

Bodily injury liability coverage pays for personal injury claims made by the occupants of the other vehicle when an at-fault accident occurs. It pays for medical bills, rehabilitation expenses, funeral costs, and legal fees incurred in defending an action.

Property damage liability coverage is used to pay for the cost of repairs to the other driver’s vehicle. It pays for the cash value of other people’s property damaged or destroyed in an accident.

Uninsured and underinsured motorist coverage pays out when the at-fault driver in an accident either doesn’t have coverage or doesn’t have enough protection to pay for the damages caused in an accident. It covers personal injury claims made by accident victims.

Uninsured motorist property damage coverage is used to pay for repairs or the cash value of the policyholder’s car after a collision where the driver doesn’t have any coverage or cannot be identified.

Personal Injury Protection (PIP) coverage compensates the policyholder and the occupants of his or her vehicle for their medical bills and rehabilitation costs following an accident. It also compensates covered individuals for their lost wages and childcare costs. This type of insurance also pays out a funeral benefit if the accident was a fatal one.

Collision and comprehensive insurance coverage pays for physical damage to the policyholder’s vehicle. Collision insurance pays out when the damage is caused by striking another vehicle or an object. Comprehensive insurance pays out when the damage is caused by events such as flooding, hail, falling objects, wind, fire, vandalism and theft.

 

 

 

 

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Posted in Oregon, USA |

Oregon State Auto Insurance Minimum Requirements

Wednesday, June 15th, 2011

In Oregon, state auto insurance minimum requirements mean that drivers must have third party liability and Personal Injury Protection in place. Uninsured and underinsured motorist coverage must also be added to the policy.

Bodily injury liability insurance coverage pays for medical bills incurred by the occupants of the other vehicle in an accident. The policy must have at least $25,000 in coverage to pay for one person’s injuries and $50,000 to compensate all victims of the same accident.

Property damage liability pays for repairs to the other driver’s vehicle. The minimum amount of this type of protection required by law is $20,000.

Uninsured motorist coverage is used when the at-fault driver in an accident either does not have insurance or cannot be identified, such as in the case of a hit and run. Underinsured motorist protection takes effect when the level of insurance coverage available does not cover the damages incurred by the victims. The minimum levels for these types of protection is the same as for the bodily injury portion of the policy.

Personal Injury Protection (PIP) of at least $15,000 must also be bought to comply with state law. This amount is used to pay for the injuries sustained by the policyholder and the occupants of his or her vehicle in an accident. It covers medical expenses which are deemed to be reasonable and necessary in the circumstances.

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Posted in Oregon, USA |

How to Find the Cheapest Car Insurance in Oregon

Tuesday, April 26th, 2011

You can find the cheapest car insurance in Oregon, but you are going to need a detailed plan to do so. An inexpensive policy that doesn’t give you the level of protection you need is not a good buy, no matter how low the premiums happen to be.

To find the most reasonably priced coverage for your personal insurance situation, start by reviewing your current protection to determine whether you have the right type and level of car insurance in place. If you are driving and older model vehicle that has been paid for in full, you may want to consider dropping the collision coverage and limiting the comprehensive protection to fire and theft only. These types of physical damage coverage pay out based on the covered vehicle’s cash value and after a certain point, the owner is paying level premiums for protection that is constantly diminishing.

Once a buyer knows how much coverage he or she wants to buy, the next step in the process find the cheapest car insurance in Oregon is to get quotes from a number of providers. Going online is a great strategy for doing so, since buyers can start their search for insurance at any time of the day or night. A prospective customer has the freedom to consider different companies without feeling pressured to make a buying decision before he or she is ready to do so.

Getting quotes from several providers before choosing an insurance company will help to ensure that a driver does not overpay for his or her coverage.

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Posted in Cheap Auto Insurance, Oregon, USA |

Oregon Car Insurance Minimum Requirements

Monday, April 11th, 2011

Oregon car insurance buyers are required to have at last the minimum level of coverage mandated by law in place in order to drive legally. OR is a tort state for car insurance purposes, and bodily injury and property damage coverage must be purchased by all drivers.

Bodily injury coverage pays for medical bills and lost wages incurred by the occupants of the other vehicle when an accident occurs. It also pays out a funeral benefit in the case of a fatal accident. The minimum level of protection required by law in the state is $25,000 to pay for injuries and damages sustained by a single accident victim and $50,000 to compensate all victims of the same accident.

Property damage liability coverage pays for the cost of repairs to the other driver’s vehicle, as well as any public property damaged in the accident. Examples of this type of property include fences, sign posts, light stands and mail boxes. At least $20,000 in property damage liability coverage must be bought.

Uninsured and underinsured motorist coverage is also required in this state. Uninsured motorist coverage is used to pay for damages when the at-fault driver in an accident does not have insurance coverage. Underinsured motorist protection kicks in to make up the difference between the amount of coverage the driver responsible for the accident has in place and the amount of damages he or she caused. The minimums that must be purchased are the same as for bodily injury liability protection. Personal Injury Protection coverage of $15,000 or more pays for the driver’s own injuries and lost wages following an accident.

 

 

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Posted in Oregon, USA |

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