Portland, Oregon New Law To Increase Auto Insurance Rates

PORTLAND, Ore. -A new law enacted by the Oregon Legislature that takes effect Saturday will change the way auto insurance claims involving injuries and uninsured drivers are paid by insurers. SB 411 Increases Motor Vehicle Insurance by $55 per year. SB 411 changes requirements for two insurance policy types: Personal Injury Protection (PIP) and Uninsured/Underinsured Motorist (UM/UIM). Drivers in Oregon are required by law to carry at least minimum limits of both policy types, in addition to Liability insurance. (Drivers in Washington, Idaho and California are only required to have Liability insurance – the other coverages are optional.) Under the new law, the benefit period for payment of PIP benefits has doubled from one year to two.
www.ktvz.com/news/New-Ore-law-likely-to-boost-car-…82952


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