Quote:
Originally Posted by Hersbird
I have all those non-comp/collision coverages for $17 a month, I have bought insurance in Montana, Idaho, Washington, and California, although never Oregon. My coverage is also 3 times the minimum required. I have 2 poor, young, neices in Portland and I know they don't pay those rates on their old beaters. Also for stop and go crawl wouldn't an old Prius do just as good? Less sales tax there as well. I see nice $5000 10 year old Prius' all the time on the NW action sites and Craigslist.
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This may be why we are talking past each other on insurance cost. Minimum coverage in Oregon is 25/50/20. $25K medical per person or $50K medical per accident and $20K per accident for property damage. (+ the others for uninsured and PIP) In my opinion, that level coverage is useless, it only checks the box to drive legally but provides next to nothing in actually coverage.
My liability coverage is $500K/$500K/$500K. I used to carry coverage similar to your 3X minimum until my wife and I were involved in an accident 6 years ago. I broke my leg, had surgery, spent a few days in the hospital, then rehab. The bill was $141,235.39 for a single broken bone. My wife went the ER, got some x-rays and a scan and walked out 4 hours later. The bill for her was $16,974.48. (That was in Alabama not Portland) That experience made me realize how easy it is to rack up expenses in an accident and I upped my coverage. I also have significantly more assets to protect today and declaring bankruptcy isn't an option.
On the property damage side, minimum coverage in Oregon doesn't cover 1/2 the replacement cost of a typical F150.