Ohio Car Insurance

Car insurance in Ohio is designed to provide drivers with financial protection in the event of an accident, or if they suffer losses from auto theft or vandalism. Ohio state law requires all drivers to have liability insurance, which will cover the injury and property damage costs for the other party if you are at fault for the accident. This type of insurance will not cover your expenses, but there are several other types of insurance coverages available that will, though these are not required by law. These types of insurance include collision, comprehensive, uninsured motorist, and personal injury protection. The state has established a minimum amount of coverage that all drivers must maintain.

Required Coverages in Ohio:

  • Bodily Injury Liability Per Person: $12,500
  • Bodily Injury Liability Per Accident: $25,000
  • Property Damage Liability: $7,500

Failing to maintain at least the minimum amount of auto insurance in Ohio is a violation of state law, resulting in penalties. If you are caught driving without auto insurance in Ohio, your driver license may be suspended for between 90 days and one year, your license plates and/or vehicle may be impounded, and you may have to appear in court. You may have to pay between $75 and $500 to get your license and plates back, pay the impound fee to get your vehicle back, and pay court costs.

Determining Your Rate in Ohio

Ohio is one of the least expensive states in terms of liability insurance. According to the Insurance Information Institute, the average cost for liability insurance in Ohio is $353, and the national average is $474. However, each person’s rate will differ because car insurance rates in Ohio are determined by several factors, including location, age, sex, marital status, vehicle type, vehicle use, credit score, and driving record. These factors determine how much of a risk you are to insure. For example, having a bad credit score, poor driving record, and driving a vehicle that has a high chance of being stolen are considered high-risk, whereas being married, living in an area with a low crime rate, and being older than 25 are considered low-risk. As your level of risk increases, so does your rate.

Shopping for insurance in Ohio can be intimidating if you don’t know what to expect and what other companies may offer you. To help you compare insurance rates in Ohio, the Ohio Department of Insurance offers a premium comparison that will allow you to compare rates from several insurance companies in Ohio.