Auto insurance. Oregon.

Cheap auto insurance. Oregon.

From Consumer Guide to Auto Insurance in Oregon

Underwriting standards
   Underwriting standards are rules insurance companies use to decide whether to insure you. A company may reject your application for coverage if your circumstances do not meet the company's underwriting standards or risk factors. Drivers with the lowest risk factors are least likely to have a claim, so they receive the lowest rates for insurance.
   Insurance companies typically review the following when deciding whether to insure you:

  • driving record
  • car make and model
  • prior insurance coverage
  • consumer credit history
Saving money on auto insurance

Before you buy
   Talk with your agent or insurance company about insurance costs before you buy a car. Certain makes and models, especially sports cars, are higher risks for insurance companies and cost more to insure.
Comparison shopping
   Ask several companies for quotes. By shopping around, you may find several hundred dollars' difference between quotes. Be sure to compare identical coverages when comparing policies.
Coverages
   Drop collision coverage on cars that cost more to repair than they are worth. For example, consider carrying only liability coverage for cars valued at less than $1,000.
   Increase your deductibles. Take the highest deductible you can afford on collision and comprehensive coverage.
Discounts
   You can save money on auto insurance by taking advantage of discounts. Ask your agent or company if you qualify for discounts for any of the following:
  • You insure two or more cars on a policy.
  • Your auto and home insurance are on the same policy or with the same company.
  • Your child is under 25 and has good grades in school.
  • Your child has completed a driver-education course.
  • You've completed a defensive-driving course.
  • You're a mature driver between 50 and 65.
  • Your vehicle has air bags, an anti-lock braking system, other safety equipment, or anti-theft devices.
  • You're a low-mileage driver.
  • You're in a carpool.
  • You haven't gotten any traffic tickets in three years.
  • You haven't been in any accidents in three years.
  • You have a favorable credit history.
Driving record
  • Maintain a good driving record. Your premiums are directly related to your driving record.
  • Under Oregon law, an insurance company can use only the last three years of your driving record when deciding whether to issue or renew a policy or determining your premium. If you've had an accident or a violation, and your rates have gone up or your policy has been assigned to a nonstandard insurer, talk with your insurance agent or company. If it's been more than three years since your accident or violation, you may qualify for a lower rate. If not, consider changing companies.
  • Take a defensive-driving course.
Older drivers
   Drivers 55 and older must be given a discount if they complete a state-certified safe driving course.
Parents of teenagers    If your teenagers don't own cars, make sure your insurer understands which cars they are going to be driving and whether it will be occasional or principal use. If they do own cars, consider covering them under your policy. Otherwise, they'll probably have to pay higher premiums.
   If your young driver goes to school more than 100 miles away - without a car - you may qualify for another discount.
Paying premiums
   You can save on service charges by paying premiums in full rather than on a quarterly or month-to-month basis.
Reviewing your policy
   Review your policy periodically and update coverage accordingly.
Notify your agent immediately if you move, substantially reduce your annual mileage, sell your car, change your marital status, or change the number of drivers in your household.
Young singles on their own
   Avoid performance or "turbo cars." A turbo engine can add more than 10 percent to your premium.

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