Insurance Laws

Oregon Auto Insurance Laws

Oregon financial responsibility law dictates
that if you are involved in an accident you will be asked to
present proof of ability to cover the cost of damages caused up to a
minimum amount. For this reason most drivers buy automobile liability
insurance.
What type of automobile liability insurance am I required to have in the
state of Oregon?

According to Oregon auto insurance law, you are required to have Bodily Injury
Liability, Property damage liability, Personal Injury Protection and Uninsured Motorist Insurance.
What are the minimum liability limits in Oregon?
According to Oregon
auto insurance law, the minimum amount of liability coverage needed for
personal injury is $25,000 person and $50,000 per accident.

The minimum amount of liability coverage needed for property damage is
$10,000. This will usually appear on the policy in the form 25/50/10.

When will I be required to present proof of Insurance?

You will be required to present proof of insurance at time of the
accident. In most cases a card issued by the insurer is sufficient.
Will my insurer required to verify the validity of my insurance policy?
Yes.
Your insurance company is required to inform the Department of Motor
Vehicles if you cancel or fail to renew your auto insurance policy.
What is more, insurers in Oregon are required to verify automobile
insurance policies selected at random.

What are the penalties for non-compliance to Oregon auto insurance law?

Driver's license suspension and/or revocation, although not mandatory for first time offenders.

OREGON AUTO INSURANCE LAW AND LIABILITY INSURANCE

What are the laws governing Oregon liability insurance

Liability insurance in Oregon is based on the no-fault system.
This means that if you were involved in an accident, you will receive
payment from your own insurance company regardless of who was at fault
in the accident. But Oregon is also an "Add-On" State, which means that
in addition to receiving benefits from your own insurer, you also have
the right to sue the party at fault for pain and suffering and for
other out-of-pocket expenses such as medical costs.