Ohio Minimum Coverage Requirements for Car Insurance
In Ohio, driving any motor vehicle without insurance or other proof of financial responsibility (FR) is illegal. It is also illegal for any motor vehicle owner to allow another person to drive the owner’s vehicle without FR proof. To comply with these requirements, any driver or car owner must have a current and up-to-date insurance policy.
When it comes to purchasing this insurance, you have a lot of options. What options you select will vary based on your individual needs. Our team at Link-Hellmuth can help you determine that!
While most insurance policies are customizable, you also will have to have some coverage that isn’t optional. Since Ohio law requires all drivers to have insurance, there are minimum requirements you must meet in your insurance coverage choices.
Minimum Required Car Insurance
Ohio law requires you to have one of the following for insurance coverage:
- If a person purchases automobile insurance, the state requires the person to purchase Bodily Injury Liability Coverage as well as Property Damage Liability Coverage. This is often bundled into one motor vehicle liability insurance policy.
- A certificate of proof of financial responsibility on a form prescribed by the Ohio Bureau of Motor Vehicles (BMV).
If you purchase liability insurance coverage, the required minimum for Bodily Injury Liability Coverage is currently $25,000 per person injured in any one accident and $50,000 for all persons injured in any one accident. The required minimum for Property Damage Liability Coverage is $25,000 for injury to or destruction of property of others in any one accident.
Do You Need More Coverage Than The Required Minimum?
Chances are yes, you could benefit from more coverage than the required minimum. The required liability coverage will only cover the medical expenses or damages for the other person involved in the accident. Liability insurance alone will not cover your own injuries or property damage, meaning you will pay for those out of pocket.
The good news is, Ohio’s average car insurance premium is among the lowest in the country. Our Link-Hellmuth Insurance agents can do the work of finding you the cheap car insurance in Springfield, Ohio you need, not only to make sure you meet state requirements but ensuring you are properly covered in the event of an accident.