Public roads tend to be dangerous, so regardless of how safe you are riding, there is a chance that you could get into an accident. Due to this, Oregon State requires all motorcyclists to have motorcycle insurance coverage so that riders can remain financially responsible in the event that a crash occurs. Canby, OR clients can get such policies from insurers like Oliver Insurance.
Requirements for motorcycle insurance in Oregon
According to motorcycle insurance laws in Oregon, riders are required to have liability insurance to cater for expenses related to bodily injuries or property damage to others during an accident for which they are at fault. The motorcycle insurance plan needs to include the following minimum policy limits per an accident:
• $50,000 for each crash for bodily injuries done to another party
• $25,000 for each person
• $25,000 for every person as well as $50,000/crash for uninsured coverage
• $20,000 per crash for property damage done to another party
Be sure to get multiple quotes before choosing your preferred insurer. Remember that the premium cost will vary from one insurance company to the other and will be determined by factors like your riding record, age, and whether you have another insurance policy with the same company (the company may provide a discount).
Oregon is a no-fault state, meaning that all drivers are required to have personal injury protection to pay for expenses related to injuries after an accident regardless of who was at fault. The requirement doesn’t apply to motorcycles. However, you will be required by the state to prove that your motorcycle is insured. If you don’t have insurance, your license can be suspended or you may incur a penalty or a fine.
If you are living in the Canby, OR area and its surroundings, consider getting your motorcycle insurance from Oliver Insurance. You can check out our website or contact us for more information.
