Here’s some recent information regarding facts, statistics, laws and current rates pertaining to car insurance in the state of Oregon . Use this summary to help choose the auto insurance package that works best for you, and keep your premiums as low as possible.

Oregon Minimum Liability Coverage

The minimum coverage required for each vehicle owned in the state of Oregon is known as 25/50/20. This means each driver must buy enough car insurance to cover $25,000 in personal injury protection, $50,000 in per-accident insurance to cover other individuals injured in the accident, and no less than $20,000 insurance to cover property damage.  Most Oregon drivers purchase the minimum required coverage, although financial analysts at the Insurance Information Institute highly recommend at least 100/300 coverage for each vehicle owned in the United States.

Penalties for Driving Without Insurance in Oregon

Drivers who get caught driving without car insurance in the state of Oregon may have their driver’s licenses suspended or revoked. Even if you escape a cash fine, you will pay for your mistake with reinstatement fees and raised premiums, not to mention the inconvenience of not being allowed to drive.

Auto Insurance Rates in Oregon

The average annual auto insurance premium in the state of Oregon was $1,641 in May of 2013, with the national average at $1,670. Oregon’s rates for car insurance are about average as compared to other states.

Low Cost Car Insurance Programs in Oregon

Vehicle owners in Oregon who wish to cut their car insurance costs can pay their premium yearly instead of monthly. Or increase their out-of-pocket deductibles.  Some Oregon car owners only drive vehicles with permanently installed safety features.  Others improve their credit scores.  Choosing more than one of these options can lower your annual premiums by hundreds of dollars a year.

Still, the biggest savings on annual auto insurance rates are the discount programs made available by most providers. Smart drivers score the Good Driver discount, the Accident Free discount and the Good Student discount.  Seniors 55 and older earn discounts by completing a course in defensive driving.  Other programs offered by most Oregon insurance carriers include vehicle safety discounts, multiple policy discounts and multiple auto discounts.

Obtaining Auto Insurance Quotes in Oregon

The largest car insurance carriers serving drivers in state of Oregon are State Farm, Farmers Insurance, Safeco, Progressive, American Family, Allstate and Geico. However, it is essential that each insurance shopper review complaint ratings before deciding on a carrier.  For example, Progressive has the fewest complaints of the carriers mentioned above.  Allstate has the highest complaint rate, followed closely by Safeco, Farmers Insurance and Geico.  According to J.D. Powers & Associates, customer satisfaction ratings indicate that the best companies for car insurance in the state of Oregon are Amica Mutual, Erie Insurance and Auto Owners Insurance.  Still, many Oregon residents opt for smaller, regionally based carriers like Mercer Insurance and Western National.  No matter what your preference, simply call a lot of local agents and compare quotes.  Whichever carrier you speak to, ask about the discounts.