Oregon Insurance Requirements & Rates

Oregon requires minimum liability coverage of 25/50/20 (bodily injury per person / per accident / property damage). Oregon is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is required. Personal injury protection (PIP) is also required.

Oregon homeowners face risks from wildfires, earthquakes, flooding, landslides. The flood risk level is moderate and earthquake risk is high. Standard deductibles apply. The average annual home insurance premium is $1,226.

Oregon requires all motorcycle riders to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is april–october.

Yes, workers' compensation insurance is required in Oregon. Sole proprietors and partners may opt out. Oregon has approximately 450,000 small businesses, with top industries including Technology, Agriculture & Forestry, Manufacturing.

Yes, Oregon has expanded Medicaid. The state uses a state-federal partnership health insurance marketplace. The uninsured rate is 6%.

Yes, landlords in Oregon can require tenants to carry renters insurance as a condition of the lease. About 37% of Oregon residents are renters, with average monthly rent of $1,350.

With a median household income of $70,084, most Oregon families should consider 10-12x their annual income in life insurance coverage. Currently, 51% of Oregon households have life insurance.