How to Compare Auto Insurance Quotes in Oregon 

When comparing auto insurance quotes in Oregon, it’s essential to consider several key factors to ensure you’re getting the best coverage at the most competitive price. Oregon has unique insurance requirements and regulations, so understanding how to navigate the process is crucial. The team at EPB&B is here to help you navigate the insurance process, including gathering and evaluating quotes from an array of companies so you have access to the best coverage at a reasonable price.   Here’s a guide to help you determine what to consider when comparing auto insurance quotes effectively in the state of Oregon.

1. Understand Oregon’s Minimum Auto Insurance Requirements

Before comparing quotes, knowing the state’s minimum coverage requirements is essential. In Oregon, the law mandates that all drivers carry at least:

• Liability Insurance: This covers damage to other people’s property or injuries in the event of an accident. The minimum required limits are:
  • $25,000 for bodily injury or death to one person
  • $50,000 for bodily injury or death to multiple people
  • $20,000 for property damage

Additionally, Oregon is a no-fault state regarding personal injury protection (PIP), which means drivers are responsible for their injuries regardless of fault. While this is mandatory in Oregon, it’s recommended to have it as part of your policy to cover medical expenses and lost wages.

2. Choose the Coverage You Need

While liability coverage is required by law, many drivers opt for additional coverage options for protection. These include:

• Comprehensive Coverage: Covers non-collision incidents, such as theft, vandalism, fire, or natural disasters.
• Collision Coverage: Pays for damage to your vehicle in the event of an accident, regardless of fault.
• Uninsured/Underinsured Motorist Coverage: This covers injuries or damage caused by a driver who lacks adequate insurance or is at fault and cannot pay for damages.
• Medical Payments (MedPay): Covers medical expenses for you and your passengers after an accident.

Depending on the value of your vehicle and your financial situation, you may want to adjust your coverage limits and include options like roadside assistance or rental car coverage.

3. Gather Multiple Quotes

Getting estimates from at least three to five different insurers is essential to compare auto insurance quotes. The benefit of using a broker like EPB&B Insurance is that our team will gather the quotes on your behalf.  Some of the factors that are considered include:

• Personal Information: Your age, gender, marital status, and address (since rates can vary by location).
• Driving History: A clean driving record usually results in lower rates, while a history of accidents or violations can increase your premium.
• Vehicle Information: Make, model, year, and VIN (Vehicle Identification Number). Your vehicle’s value and safety features can influence the cost of your coverage.
• Coverage Preferences: What types of coverage do you need, and what limits are you seeking?

4. Evaluate Discounts

Insurance providers in Oregon often offer various discounts that can lower your premiums. Common discounts include:

• Multi-policy Discounts: Bundling your auto insurance with home or renters insurance can save you money.
• Safe Driver Discounts: You may qualify for lower rates with a clean driving record.
• Anti-theft Device Discounts: Installing security features like alarms or tracking systems in your vehicle can reduce the cost of coverage.
• Good Student Discounts: Many insurers offer discounts for students with good grades.
• Low Mileage Discounts: If you drive less than the average number of miles per year, you might be eligible for a reduced rate.

When comparing quotes, ask insurers about available discounts and how they may apply to your situation.

5. Compare Deductibles and Premiums

When evaluating different quotes, it’s essential to consider both the deductible and the premium. The deductible is the amount you pay out-of-pocket in case of a claim before your insurer covers the rest. A higher deductible generally leads to a lower premium, but it also means you’ll pay more in the event of an accident.