LEGAL GUIDE
Written by attorney Howard Evan Skolnick | Apr 27, 2016

Ohio's Minimum Automobile Insurance

Motor Vehicle Insurance News

For the first time since the late 1960s Ohio is increasing the minimum requirements for insurance coverage on automobiles. The new law mandates minimum coverage in the amount of $25,000 per person for injuries or up to $50,000 per accident. Liability coverage for property damage must be at least $25,000 to cover damage to other drivers' vehicles or any other property (excluding damage to property that you own).

The new law certainly will benefit you if you are injured by the negligence of someone else in an automobile accident and they have insurance coverage. However, when purchasing your automobile insurance to make sure that you have purchased the optional uninsured and underinsured insurance coverage. The Ohio Bureau of Motor Vehicles (BMV) estimates that 15%, or higher, of drivers in Ohio failed to carry any insurance on their vehicle at all, and even more are underinsured. Purchasing this additional uninsured and underinsured insurance coverage from your insurance company can offer you some protection should you be involved in accident with one of the individuals who fails to have coverage, or enough coverage.

Check out the Ohio Department of Insurance GUIDE TO AUTOMOBILE INSURANCE:

http://www.insurance.ohio.gov/consumer/ocs/completeguides/completeautoguide.pdf

After 44 years, Ohio is raising its minimum liability requirements for auto insurance:

http://www.cleveland.com/business/index.ssf/2013/02/after_44_years_ohio_is_raising.html

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