Get Oregon motorcycle insurance quotes, cost & coverage fast. Find affordable OR motorcycle coverage for your sport bike, cruiser, standard, touring bike, or custom ride.
OR Motorcycle Insurance
To ride a motorcycle on the roads in OR. you need to have Oregon motorcycle insurance. That is the law - if you choose to ignore it you will be met with a list of legal violations. It's also common sense to have insurance because of the risks that motorcyclists face on the road.
Oregon motorcycle insurance is available in different types of policies, each designed to fit different needs. The cost tends to vary based on factors such as the rider's record (your history with automobiles is considered here as well), the value of the motorcycle, and the place where the rider resides.
There are other things that can affect the premium for riders. For instance, if you have other vehicles covered by the insurer, the company may be willing to offer you a "multi-line" discount when you purchase an insurance policy for your motorcycle. You can reduce your insurance premiums by doing the following:
- Installing a quality alarm system on your motorcycle
- Parking your bike in a safe place
- Taking a motorcycle safety class
What Does Oregon Motorcycle Insurance Cover?
While there are many optional coverages available, the main parts of a Oregon motorcycle insurance policy are:
Liability: Liability insurance is used to cover damage caused by a rider to another vehicle, motorcycle, individual, or property when the accident is proven to be the rider's fault. This policy is regulated by state government law and is required to operate vehicles on paved roads in any part of the country. As a motorcycle owner and rider, your state has in place a few minimum coverage standards that you must meet in order to operate your bike.
Comprehensive and Collision: This coverage is meant for repair and replacement costs of your bike following an accident, without consideration as to who is at fault. The cost of comprehensive and collision coverage is largely influenced by the value of the motorcycle.
Instances of fire, vandalism, theft, and weather damage are covered by comprehensive coverage, while collision coverage is used to fund repairs or replacement when the bike is involved in a collision. When making any modifications to the bike, consider taking additional motorcycle insurance coverage.
Medical Coverage (PIP): In some states insurance companies are required by law to include medical coverage in all motorcycle insurance policies, although the specifics involved in this coverage vary widely. Medical coverage is meant to cover medical bills resulting from an accident regardless of fault, but the amount of money made available in this coverage is usually not very large, which necessitates having health insurance if someone is severely injured.
Underinsured and Uninsured Motorist: Underinsured and uninsured coverage is not typically mandated by law; however it's a cheap and often very smart way to protect a rider against unruly motorists and other riders who may not have sufficient coverage or any insurance coverage at all. Because it's cheaper than the other parts of your insurance policy, uninsured and underinsured motorist coverage is recommended by most road safety authorities.
What Oregon Motorcycle Insurance Doesn't Cover
OR motorcycle insurance typically does not cover:
- Using your motorcycle as a delivery service or a taxi. So if you deliver packages, food, etc., or if you charge to take people places, you probably won't have coverage.
- Racing or stunts: If you participate in any kind of organized racing, your motorcycle insurance won't cover your bike.
- Intentional acts: If you intentionally run someone down and damage someone or something, your motorcycle insurance won't apply.
- Committing criminal acts: Even if you're not charged with or convicted of a crime, any injuries or damages resulting from criminal acts aren't covered by your motorcycle insurance.
How Much Does Oregon Motorcycle Insurance Cost?
How much does motorcycle insurance cost? The average price of bike insurance varies widely based on certain factors. The premiums vary depending on the company and their underwriting rules, and it depends on the coverages and deductible selected. Following are some of the main factors that go into the price of a policy:
- Geographical location - The more dangerous your location is the higher premiums you will pay as there is a higher probability for claims. If you live in a highly populated urban area accidents and insurance claims happen more often and rate are higher.
- Age - Typically drivers under 25 pay more because statistically shown to be inexperienced behind the wheel, easily distracted and to crash more often. They are on of the riskiest category of drivers to insure.
- Gender - Data shows males are more likely to crash, hence men's premiums are higher.
- Marital status - Married people have been found to be less of a risk to insurers than singles, including divorced or widowed drivers.
- Years of driving experience - Inexperienced drivers pose more risk. That is why under 25 have some of the highest rates.
- Driving record - Drivers with a clean driving record qualify for better rates and can be eligible for a safe driver discount.
- Claims history - More claims = more premium. Insurers actually count frequency (how many claims in a time frame) more than severity (how large the claim was).
- Credit history - The better credit you have, the lower your rates. Most insurers look at credit and weight it heavily.
- Previous insurance coverage - Continual motorcycle insurance history (or at least for the last 6 months) can help get you a better rate.
- Vehicle type - Purchase price, theft rate, cost of repairs, accident rate and safety tests weigh heavily in motorcycle insurance cost.
- Vehicle use - A vehicle used to commute work poses more of a risk than the motorcycle you only take out of the garage on the weekends.
- Miles driven annually - The less you drive, the less risk you have of being in an accident.
- Coverages - The more coverage you choose with higher limits, the more it will cost you since the insurer is taking on additional risk.
- Deductibles - The deductible is your out of pocket cost before your policy kick in. Lower deductible = higher premium, and higher deductible = lower premium.
OR Motorcycle Insurance Quotes
Request a Oregon Motorcycle Insurance quote in Albany, Ashland, Baker City, Beaverton, Bend, Canby, Central Point, Coos Bay, Cornelius, Corvallis, Cottage Grove, Dallas, Damascus, Eugene, Forest Grove, Gladstone, Grants Pass, Gresham, Happy Valley, Hermiston, Hillsboro, Keizer, Klamath Falls, La Grande, Lake Oswego, Lebanon, McMinnville, Medford, Milwaukie, Monmouth, Newberg, Newport, North Bend, Ontario, Oregon City, Pendleton, Portland, Redmond, Roseburg, Salem, Sandy, Sherwood, Springfield, St. Helens, The Dalles, Tigard, Troutdale, Tualatin, West Linn, Wilsonville, Woodburn and all other cities in OR.
Insurance Regulations In Orgeon
Let's take a look at insurance in Oregon. There are definitely some state regulations that govern insurance in the state of Oregon. You should become familiar with what these regulations are, even if they do not necessarily apply to you.
You will be much better informed about insurance if you know what types of insurance businesses are required by law and what types they normally get regardless of law. You also may want to know the regulations governing personal insurance such as automobile insurance and life insurance. Let's take a closer look at OR insurance regulations.
Oregon Business Insurance
The first type of insurance that we will start with is business insurance. Specifically, we will be discussing general liability insurance. Commercial liability, sometimes called general liability, is a type of insurance that protects your business in case someone slips and falls on your floor or experiences roofing materials falling on their car that does damage. There are many other situations in which general liability insurance may kick in.
There are also some types of insurance that are mandated by law including Worker's Compensation insurance for any company that has one or more people working for them full-time or part-time.
Oregon does not have any laws stipulating that companies must carry disability insurance like in many states, but if there are vehicles being used for commercial purposes, then they must carry commercial auto insurance.
OR Personal Insurance
There are definitely some regulations that govern the auto insurance that normal motorists are required to carry on their vehicle. These are pretty standard across the states and match what is required in most. In Oregon, you are required to carry $25,000 per person for bodily injury and $50,000 per accident for the same. Property damage is a little higher than you will find in other states at $20,000 per accident and there is also an additional requirement that requires a personal injury protection amount of $15,000 per person.
Finally, there are regulations governing life insurance in Oregon as well. Unlike most states, there is no free look period for life insurance. However, there is the normal grace period Of 30 days when it comes to late payments. Lastly, insurance companies are required to make payment within 30 days of receiving notification of the death described in the policy. If they do not make payment within 30 days then the person that is the beneficiary of the policy may receive interest as well.
If you are looking for state specific motorcycle insurance quotes, costs and information: California Motorcycle Insurance, Colorado Motorcycle Insurance, Delaware Motorcycle Insurance, Florida Motorcycle Insurance, Illinois Motorcycle Insurance, Kentucky Motorcycle Insurance, New Jersey Motorcycle Insurance, New York Motorcycle Insurance, Oregon Motorcycle Insurance, Pennsylvania Motorcycle Insurance, Texas Motorcycle Insurance, Washington Motorcycle Insurance.