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Ohio Car Insurance Regulations and Laws

Ohio State Minimum Car Insurance Coverage

From hunting and fishing to other outdoor activities, Ohio has a lot going on. The beautiful city is particularly great for sports fans and has many captivating attractions to see. Thus, you will be doing a lot of driving if you plan to visit some or all of them. Additionally, you should follow essential Ohio car insurance laws and regulations if you are an Ohio resident:

Financial Responsibility

No one is allowed to be operating a vehicle in Ohio when you do not have a valid proof of financial responsibility during the registration period of the vehicle. You can accomplish financial responsibility through a number of means, such as submitting cash or a bond amounting to $30,000 to the state. However, purchasing and maintaining liability insurance from a state-approved insurance agency is, by far, the most common way to meet the required financial responsibilities.

Minimum Coverage

The minimum coverage in Ohio is:

  • $25,000 for physical injuries or death of one person

  • $50,000 for physical injuries or death of the total accident

  • $25,000 for damage to others’ property

These minimum amounts are meant to provide liability coverage for the accidents caused by the owner of the insured car as well as family members living with the car owner.

Optional Coverage

Car owners should also consider buying extra optional coverage in addition to the minimum amount explained above. The most common include:

Uninsured or Underinsured Motorist

Many Ohio drivers still run their vehicles even without the least required coverage or the amount that is legal, yet insufficient to compensate injury costs beyond their coverage. Here, uninsured motorist coverage pays the policyholder for the liabilities that the other, liable driver does not have. On the contrary, underinsured motorist coverage pays the policyholders and their passengers for the injuries suffered as the result of another driver’s negligence whose coverage is insufficient to cover those damages.

Comprehensive Coverage & Collision Coverage

Comprehensive coverage grants the insured, all damages or other losses caused by non-collision events like fire, wind, theft, hail, and vandalism. On the contrary, collision coverage pays for the repairing and restoration of damages occurred to the insured vehicle due to an obstruction with another object or vehicle, or when the vehicle flips. Collision coverage pays the insured irrespective of who is responsible for the underlying mishap.

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