Ohio Auto Insurance

Auto insurance in Ohio

A car insurance policy is something all vehicle owners are required to have, helping them stay protected in case of accidents. Whether they are using their car for personal or professional purposes, having insurance is mandatory. Without a valid insurance policy, vehicle owners are liable for fines of up to $1,000 and might even have their driver's license or vehicle registration suspended, for up to six months. To discover more information on the topic of auto insurance in Ohio, all you have to do is keep reading.

What type of car insurance do you legally need in Ohio?

According to the mandatory liability Insurance Act, all Ohio residents who intend to operate the moving vehicle must have a valid insurance policy. If there is a lapse whereas the mandatory insurance is concerned, the respective vehicle registration will be suspended for several months or more. All the states also have access to an online verification system, which can be used to determine whether or a vehicle is insured or not.

For a resident to operate a vehicle in the state of Ohio, the respective car insurance must meet several requirements. These might include the following: bodily injury liability ($50,000 per accident and $25,000 per person), property damage liability ($25,000 per accident), uninsured motorist bodily injury ($50,000 per accident and $25,000 per person). One should remember that the full coverage insurance is more beneficial than the minimum liability coverage, especially since you can add options such as comprehensive and collision insurance. It is advisable to choose a higher liability coverage limit than the one imposed by law in Ohio. As a result you will be protected, should the worst-case scenario occur.

The sums mentioned above refer to the maximum amount insurance providers are able to pay, should you be involved in an accident for which you are at fault. According to the law, it is required to carry a copy of your insurance policy while driving. Of course, driving without insurance in Ohio is illegal, with consequences such as fines and this suspension of your driver's license or vehicle registration, as previously stated. If one continues to drive without a valid insurance policy, jail time might be legally enforced.

Average cost of auto insurance in Ohio

How much does auto insurance cost in Ohio? The state minimum auto insurance policy in Ohio has a value of $366. However, a full coverage insurance policy has an average value of $1,028 per year. Collision and comprehensive insurance options are not always included in this policy, which means you will have to calculate your budge accordingly. Some of the factors influencing the overall insurance rates include: marital status, gender, age, driving record, location, number of miles driven, the presence of prior insurance, vehicle, etc. It is advisable to opt for an insurance policy that offers the best coverage, not necessarily for the one with the lowest value.

The average cost of auto insurance varies from one state to the other. Such variations are present for both the minimum coverage and the full version, including when it comes to options such as comprehensive and collision insurance. The factors influencing these values include the following: road conditions, how many uninsured drivers there are in the city, number of drivers in accordance with the general population, at-fault accidents, accidents caused by weather elements or conditions, etc.

Ohio has a significantly lower rate for the average car insurance than the national median, which is around $1,770. Among the states with the most expensive auto insurance, there are: California, Colorado, Florida, Louisiana, Michigan, Nevada, New York, and Pennsylvania. The more affordable states include the following: Maine, Nebraska, New Mexico, North Dakota, Oregon, Tennessee, Washington, and Wisconsin. New York has some of the most expensive auto insurance rates, with $2,996 for the full coverage and $1,339 for the minimum one. Maine has the most affordable policies, with $876 for the full coverage and $227 for the minimum one.

Within the state of Ohio, you might also find differences between the various cities. Akron has some of the most affordable rates to offer, while Cleveland stands at the top of the list in terms of costs. The average annual premiums are as follows: Akron - $1,275; Cincinnati - $1,334; Columbus - $1,350; Toledo - $1,367; Cleveland - $1,522.

The value of auto insurance is influenced by several factors, including the driver's age. This type of insurance is more expensive for drivers of young age, as insurance companies perceive them as immature and more prone to accidents. A teenage driver will be prepared for an annual premium of over $7,700, as opposed to a middle-aged driver, who will be accustomed to annual premium of about $2,000. Slight differences between genders are present, with the insurance policies for men being offered at better rates. Married couples also have access to more affordable coverages, as opposed to those who are single, widowed, or divorced.

Another factor influencing the value of a potential coverage policy is the driver's credit history. Drivers with exceptional credit usually save important sums on their car insurance premiums, while those with a poor credit history struggled to cover the high rates. Prior driving offenses lead to significantly higher rates, including reckless driving, at-fault accidents, speeding, DUI/DWI, etc. The overall insurance rates typically vary in accordance with the chosen or preferred type of coverage. Drivers are encouraged to add both comprehensive and collision to the state minimum policy, in order to increase the level of protection they benefit from.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Ohio. Find car insurance in Ohio by city, zip code or county name.

Finding the right auto insurance in Ohio

If you need help finding the right insurance policy, perhaps our experience might come in handy. Thanks to our knowledge accumulated in the field of auto insurance, we are able to match vehicle owners with the best policies for their needs. Of course, we give careful consideration to the available budget. All you have to do is give us a call and we will be more than happy to provide the necessary support. This service is completely free and it will save you from a complicated research process, leaving you with more time for other important matters.