Oregon’s Three Key Pricing Factors
When shopping for car insurance in Oregon there are 3 primary factors that will impact
what your car insurance premium will be. These 3 areas are your credit score, driving record and continuous car insurance coverage. By understanding these primary factors you will be in an excellent position to finding affordable pricing on auto insurance in Oregon.
Three Savings Strategies on Premiums
What are important considerations to save money when shopping for car insurance in Oregon? Most of us don’t have a lot of extra time and want to use our time wisely. We will take a look at 3 of the easiest ways to save money on your car insurance premium.
The three areas are combining insurance policies, pay as you go and competitive shopping. Learn more.
Oregon Coverage Requirements
Oregon law requires drivers to carry proof of liability insurance. The law also requires your insurance company to send you an insurance card that shows the effective date and expiration date of your policy. Keep this card in your vehicle at all times. Driving without liability insurance could result in fines, suspension of driving privileges, and im¬pounding of your vehicle. Oregon Coverage Requirements
How will regulation in Oregon Impact Premiums?
The State of Oregon has set guidelines on how car insurance companies can use your credit score. In Oregon, insurers can not raise your premiums at renewal due to your credit score. In addition, the law prohibits insurers from cancelling or refusing to renew a policy because of credit history problems. Insurers in Oregon can use credit information when they are issuing a new policy. They must notify you how they use credit information before they run a credit check.
