Ohio car insurance policies are among the most affordable in the country. But that doesn't automatically mean that you're getting the best deal on auto insurance that you can.
This guide:
• Explains Ohio car insurance regulations and requirements
• Describes how Ohio auto insurance rates are decided
• Shows you how you can save money by comparing multiple quotes
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Ohio car insurance laws
Ohio is a tort state, which means that if you are a resident of the state, you're financially responsible for the damage and injury you cause in an auto accident. To drive a vehicle in Ohio, you're required to show proof of financial responsibility.
You can prove this responsibility by posting a cash bond of $30,000, a real estate bond of $60,000, or by buying a minimum amount of liability coverage. Most drivers opt to buy the Ohio car insurance.
Ohio's liability minimums are 12.5/25/7.5. (That's $12,500 per person for injuries you cause to the other party, up to $25,000 for all, and $7,500 for damage you cause to the other party's property.)
Of course, these are low minimums, and you should consider higher levels of coverage, particularly if you have assets to protect.
Ohio auto insurance companies will also offer optional coverages such as medical payments, collision, comprehensive, and uninsured and underinsured motorists bodily injury coverage.
You may want to consider purchasing any or all of these policies, particularly uninsured and underinsured motorist coverages. These two policies help cover the cost of your injuries should you be struck by a driver with inadequate liability insurance.
Sidebar
If you are an Ohio resident, you might be able to save on your policy premium by visiting Electric Insurance. Their policies are available only to better drivers, whose credit and driving records could be described as being at least good.
The price of Ohio auto insurance is decided by the behavior of Buckeye drivers as a whole. Ohio auto insurance companies take the cost of providing insurance for Ohio drivers (this includes settlements and legal fees) and divide it up among the drivers.
But the cost isn't spread around evenly. Instead, the percentage you pay is decided by things like your driving record, your age, where you live, and the kind of car you drive.
Of course, not all auto insurance providers figure their percentages the same way. So they'll charge different rates on the same driver.
What this means for you as a driver, is that you need to shop the different rates (and they'll be very different!) for the best deal. It's the fastest easiest way to save on an Ohio auto insurance policy.
• Netquote provides quotes directly from local agents, who can provide additional service, depending on your needs.
• Geico - a great service, especially for those who can't get insured elsewhere. Be sure to complete the entire quote form!
• Get quotes using your ZIP Code! You'll find insurers who offer quotes tailored specifically to your area:
More OH car insurance advice and help
If you want more help designing your OH auto insurance policy, read our guide to setting safe and reasonable car insurance coverage levels. It contains loads of money-saving tips, too.
To find out more about OH auto insurance laws and regulations, visit the state's official website of the Ohio Department of Insurance.
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