When it comes to car insurance in Ohio, most people want the best and most affordable rates for the proper coverage. Although depending on your driving record, what type of vehicle you own, how many cars you own, and what your zip code is, auto insurance rates may vary.
Due to these factors, some drivers prefer to drive with minimum coverage. Although, having minimum coverage comes with risks. Legally, the state of Ohio requires drivers to have a policy with minimum coverage of 25/50/25 – which we will cover in the next section.
Moreover, having full coverage insurance means your car can get repaired, even if the accident was your fault. Full coverage includes the state’s mandatory liability coverage plus comprehensive and collision coverage. However, comprehensive/full coverage insurance in Ohio can be costly.
So what are the pros and cons of these types of insurance for your auto, truck, or SUV?
Ohio’s Liability Car Insurance Laws
As mentioned above, having the minimum coverage in Ohio includes the 25/50/25 rule:
- $25,000 for the injury or death of one person (another driver, a passenger, a pedestrian, etc.) in an accident you cause
- $50,000 total for all injuries or deaths resulting from a single accident you cause
- $25,000 for any property damage arising out of a single accident you cause
When it comes to liability insurance in the state of Ohio, you must take into account that it doesn’t apply to your own injuries or vehicle damage after a car accident. This type of insurance policy only covers the other vehicle and people involved who may have been injured due to your negligence.
Some drivers may opt for this option because it’s more affordable, their cars are old and not worth the full coverage insurance costs, or they deem themselves very safe drivers who don’t get into accidents. Although, accidents are called such for a reason, and an accident can occur at any time, whether it was your fault or someone else’s.
Ohio’s Full Coverage Insurance Laws
Full coverage insurance covers both your vehicle and bodily injuries and others that may be involved.
If your car is brand new and bought off the lot, your lender may require additional collision and comprehensive insurance. Full coverage auto insurance may also come with add-ons, such as having a rental car available for up to 30 days while your vehicle gets fixed.
When it comes to making the right decision for your lifestyle and your budget, it is essential to remember that if you cause an accident and your liability limits don’t cover the costs, you are personally responsible for footing the rest of the bill.
Contact our friendly and experienced staff at Bill Palmer Insurance today for more information on your auto insurance rates!
Featured Image kindly by @chrisliverani