Ohio Car Insurance

Ohio

Ohio is Midwestern America. The state leaves an impression with its rich history, but isn’t discluded from today’s modernity that we all seek. Living in Ohio offers ample benefits, from low cost of living to beautiful landscapes and even affordable auto insurance!

From Akron to Columbus to Toledo and every city and town in between, Ohio drivers are required by law to carry minimum amounts of auto insurance on their registered vehicles at all times. This insurance is designed to provide financial security should you become involved in an automobile accident.

Ohio Car Insurance Requirements 

To comply with the state laws, all drivers must carry a liability insurance policy that includes the following amounts of coverage:

Bodily Injury: $25,000 for 1 injury; $50,000 for 2 or more injuries

Property Damage: $25,000

Optional Car Insurance in Ohio

In addition to the state required auto insurance you have the option to add additional types of coverage to your policy. These additional policies offer you greater protection and better peace of mind. You are under no obligation to purchase a policy listed below, but it is a good idea to talk to an insurance agent to learn if they can benefit you.

  • Collision
  • Comprehensive
  • Uninsured/ Underinsured Motorist

Factors Affecting Ohio Car Insurance Rates?

To determine the amount you will pay for your auto insurance coverage, auto insurance companies use a number of different factors. These factors are different for everyone, which makes it likely that all drivers will receive a different rate for their policy. Here are some of the factors that influence your car insurance rates:

Where you live: Your auto insurance will generally be more expensive if you live in Cincinnati or Cleveland compared to your costs if you live in a smaller town such as Toledo or Akron.

Insurance Coverage: Both the amount and type of coverage selected will affect the amount you pay.

Type of Car: The type of car you are insuring is yet another factor affecting the cost of your auto insurance.

Driving Record: Are you a safe driver? Is your record free of accidents and driving errors? If so you will spend less for your auto insurance coverage.

  • Age
  • Gender
  • Marital Status
  • Educational Background
  • Deductible Amount

Some of these factors can be controlled while others are totally out of your hands. Look at increasing your deductible amount if you are a safe driver, since this will lower your premium. You should also obey all of the laws of the road so that you aren’t involved in accidents or getting tickets.

Ohio Car Insurance Discounts

Ohio car insurance discounts make saving money on the cost of your policy simple. These discounts help drivers save an average of 40% on their policy amount, and that is savings that you can really put in the bank! Never bite your tongue or be afraid to ask for discounts. Some of the most commonly offered discounts include:

  • Loyal customer discount
  • Paid in Full discount
  • Multi-Car discount
  • Multi-Policy discount
  • Good Student discounts
  • Safety-decide discounts
  • Talk to your insurance agent and get your savings on!

Ohio Auto Insurance Quick Facts

In order to register your vehicle in Ohio you will need to sign a sworn statement testifying that you have the state-required auto insurance in place.  This statement must be signed each time that you renew the registration on that vehicle.

Proof of insurance should be kept inside of your vehicle at all times. Proof of insurance is generally an insurance card provided by your agent. This insurance card (or other proof of coverage) must be presented upon request from any law enforcement official, after you have been involved in an automobile accident, and at randomly selected times, designated by the BMV. 

Penalties for driving without insurance include driver’s license suspensions, with reinstatement fees required to regain your license; fines, filing of SR-22 insurance, higher insurance rates and suspension of your driver’s license and plates.