Ohio Auto Insurance
Requirements of Motorists under OH State Law
Everyone has an opinion about insurance. Some people
believe it is a conspiracy to con hardworking people out
of money. You can not imagine how much you need insurance
until you something happens that you were not prepared
for.
Weather its a car accident, a flu, a fire,or a theft
these things happen all the time. You never know if or
when something might happen to you. Don't be caught off
guard by life's unpredictable events.
There are certain "requirements" that are applicable
to each state and varies accordingly. We have attempted
to compile all of the relevant information in to this
single resource to help visitors know what is expected
of them in regards to insurance.
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Ohio
Car Insurance Requirements
Insurance in Ohio is not mandatory, but
should you wish to obtain it anyway -for your own safety;
the minimums are noted below:
Coverage Minimum - *12.5/25/7.5
Coverage Explanation - Car insurance
coverage in Ohio must provide a minimum of $12,500 for
injury liability for one person in an accident, $25,000
for all injuries in an accident, and $7,500 for property
damage in an accident.
*We highly recommend that you obtain insurance far above
these stated minimums!
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Important Ohio Auto
Insurance Laws!
1. The state of Ohio does not require
drivers to buy automobile insurance.
2. Ohio law does, however, require you to have a guaranteed
way to pay for injuries or damages that result from your
negligence. That guarantee is called "proof of financial
responsibility".
Ohio auto insurance law gives you the three options shown
below:
- Buy at least the state-minimum amount of liability
insurance
- Post a $30,000 cash bond with the state treasurer
- Post a $60,000 real estate bond with the Ohio Bureau
of Motor Vehicles (BMV)
3. Ohio motorists must keep "proof of financial
responsibility" (i.e. usually an insurance card)
in their vehicles at all times. It must be presented when
requested.
Important to Note:
No proof of financial responsibility penalties include:
- Suspension of your driver's license for 90 days --
or up to one year for repeat offenders
- Impoundment of your license plates and/or your automobile
- Court costs
- No driving privileges during suspension
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Insurance
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