One of the most interesting insurance states in the US, Oregon auto insurance requirements are a true hybrid between fault and no fault. As one of the 10largest geographical land mass states, it is also in the bottom third of states for population and density with Portland being its largest metro area not even being in the top twenty metro areas in the US. Oregon’s insurance costs are pretty much where they should be in relation to other states.
Hybrid Insurance Requirements
Oregon has an interesting twist on a no fault system; they still allow you to litigate, make a third party claim or negotiate a settlement to cover your medical or property expenses before your mandatory insurance runs out, providing an ‘at fault’ option.
The requirements for insurance coverages in Oregon include Liability, Personal Injury Protection and Uninsured coverages.
Liability requires the following minimums:
$25,000 for injury of death of an individual in a single accident be they driver, occupant, another driver or pedestrian
$50,000 total coverage for multiple person injury or death in a single accident
$10,000 coverage for property damage
PIP coverage requires the following minimums:
$15,000 for personal injury in an accident
Uninsured coverage requires the following minimum coverage:
$25,000 per person in a single accident
$50,000 per accident for bodily injury
These coverages allow for victims or perpetrators of an accident to pay for expense immediately after an accident without having to initially worry about who is at fault. However, if your expenses will be more than your personal coverage for medical expenses, the system allows drivers not at fault to recover expenses from those that were suspected to be at fault.
Additional insurance options include a number of extra coverages for those that need insurance to cover specific issues such as Gap coverage, which covers you for the difference between an insurance payout and the remainder of a loan on your vehicle. Of course anyone with a newer vehicle should consider Comprehensive and Collision coverage as it covers the repair or replacement cost of your own vehicle if you are at fault in an accident, vandalism, theft and acts of extreme weather. Uninsured motorist property damage also covers you in the case that an uninsured motorist damages your property. With almost 10% of Oregon drivers without insurance it may be a great option to protect yourself.
Risk Pools for High Risk Drivers
If you are considered a high risk driver by insurers in Oregon you may not be able to get insurance with these providers. However anyone is able to get insurance from the Western Association of Automobile Insurance Plans, a collection of insurers across a number of states that defray the risks of these types of drivers, but still allow anyone to get insurance. However, you will want to exhaust all your options as policies through WAAIP are significantly more expensive than traditional insurance plans.
Proof of Insurance
As insurance is mandatory in the state of Oregon, the state’s Department of Motor Vehicles requires proof of insurance in order to register a vehicle and you will need to provide this proof during routine traffic stops for enforcement officers as well. This proof consists of a current insurance card, a current liability policy, a signed letter from an insurer or a certificate from the DMV of self-insurance.
As well a random selection of drivers every month in the state can expect to receive a request to provide proof of insurance, including the name of your insurer and the policy number. If you fail to respond to the request your license will be suspended and if you provide false information you will also be required to hold a SR-22 for a minimum of three years. An SR-22 is a certificate proving that you hold the mandatory minimum insurance coverages and is only provided by an insurer.