Yes, uninsured motorist coverage is required in Oregon. Drivers in Oregon are required to carry $25,000 in uninsured motorist bodily injury (UMBI) coverage per person (up to $50,000 per accident) as well as $25,000 in underinsured motorist bodily injury coverage per person (up to $50,000 per accident). Oregon does not require drivers to have uninsured motorist property damage (UMPD) insurance, however.
Uninsured motorist insurance covers the policyholder’s expenses after an accident if the other driver doesn’t have insurance or doesn’t have enough coverage to pay for the damage. UMBI pays for the policyholder’s medial bills, while UMPD pays to repair or replace their vehicle. Instead of UMPD, drivers in Oregon can use collision insurance, which covers repairs after any car accident.
How Uninsured Motorist Coverage Works in Oregon
Normally, a Oregon driver can collect damages from the at-fault driver’s liability insurance after an accident. However, if the other driver is uninsured, getting compensation can be time-consuming or nearly impossible. That’s where uninsured motorist coverage can help. Instead of having to file a lawsuit, you can file a claim with your own insurance company in order to pay your bills and get the repairs or treatment you need without waiting for the courts.
Even though car insurance is required in Oregon, an average of 13% of drivers in the state don’t have car insurance. Car accidents in Oregon can be extremely expensive, too. For example, fatal accidents in Oregon have a total cost of $640 million each year. As a result, uninsured motorist insurance is a smart investment for Oregon drivers.
Key Facts About Uninsured Motorist Coverage in Oregon:
Uninsured Motorist Bodily Injury Coverage: $25,000per person and up to $50,000 per accident
Underinsured Motorist Bodily Injury Coverage: $25,000 per person and up to $50,000 per accident
Uninsured Drivers on the Road: 13%
Total Annual Cost of Fatal Accidents: $640 million
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