Auto insurance helps protect you and your family from losses resulting from motor vehicle accidents. Oregon law requires every car driven on public roads to be covered by automobile insurance.
The cost for coverage varies widely among companies doing business in Oregon. That’s why it’s important to shop around when choosing an insurance company. Comparison shopping takes a little more time, but it can save you money. However, cost is just one factor to consider when choosing an insurance company.
It’s also important to look at the company’s financial condition and how it treats its policyholders. A company’s financial information is available from the following organizations that rate insurance companies. The organizations may charge a fee for these services.
Contact these organizations to request a company’s financial information
A.M. Best Co.
Moody’s Investor Services
Standard & Poor’s Rating Information Services
TheStreet.com Ratings, Inc.
One source of information about how companies treat their policyholders is the Consumer Guide to Oregon Insurance
Complaints, which annually ranks insurers (top 25) from best to worst based on the number of consumer complaints we receive.