Searching for the most affordable car insurance in Oregon can be daunting, but understanding the state’s unique requirements can ensure you find the right car insurance to fit your needs and save you money. Year over year, insurance costs have decreased 2.9% in Oregon according to MoneyGeek’s rate analysis.
While rates went down, they are still up in Oregon from five years ago. This result is due to a change in minimum insurance requirements. In 2016, the state increased Personal Injury Protection from one to two years. Having that protection means if you are in an accident, your auto insurance would pay your medical expenses for two years.
Oregon’s minimum auto insurance requirements are unique. Your insurance must include liability, personal injury protection and uninsured motorist. While these three coverages are included, your rates will vary based on your individual factors. You should get quotes from a few companies to ensure you find the best rate for your individual situation.