In order to drive legally in the state of Ohio, drivers must have car insurance. If you're caught without it, you may face fines, suspension of your driving license, and other penalties.
In addition, Ohio drivers must also carry proof of this type of insurance at all times. You may be required to show this proof when a traffic officer stops you, at an accident scene or at a vehicle inspection.
Minimum coverage required for auto insurance
Ohio requires all motorists to carry insurance for bodily injury and property damage. This includes property damage and bodily injury liability insurance.
Liability coverage covers medical bills and court fees in the event that you are found guilty of an accident. Liability insurance also covers repairs or replacements of property of others if you're involved in an accident.
With our online tool, you can receive a quote on car insurance in Ohio. This allows you to see what the average rates are for each company in your area and compare them to find the best deal.
The most important aspect of a car insurance policy is the amount of coverage that you get for your money. In general, it is best to try and get comprehensive car insurance, which includes collision insurance, in Ohio.
You can lower your monthly payments by increasing your deductible. If you raise your deductible, you can lower your monthly payment. However, you will have to pay a higher amount out of pocket in the event you need to file a claims.
You can also save money on auto insurance by increasing your limits. This is true especially if the accident you're in involves severe injuries and extensive vehicle damage.
Uninsured and underinsured motorists
Drivers who aren't covered by their own auto insurance can be hit with massive bills in the event of an accident. Many experts recommend third-party policies, which provide liability coverage for underinsured and uninsured motorists.
You can also buy extra protection to increase your financial safety, such as uninsured/underinsured motorist liability coverage (UM/UIM). This coverage is essential in case of an accident caused by someone without insurance.
Ohio Auto Insurance Rates
Ohio's car insurance costs are generally lower than those in other states. It is because the number of claims are lower and there are more experienced drivers.
Insurance rates are based on factors such as your driving history, credit score and vehicle type. You should shop around to compare rates from various insurance companies.
In Ohio, if you are a person with a poor credit history, it might be difficult for you to find an affordable auto policy. Some lenders will not finance or lease vehicles to customers unless they have proof of insurance. This can pose a problem to newer drivers and those with less than perfect driving records.