In the state of Ohio, auto insurance is the law. All Ohio state drivers must carry minimum auto liability insurance in the amount of 12.5/25/7.5. This means in order to operate a vehicle on Ohio avenues and highways, you must carry:
$12,500 of Liability Bodily Injury coverage per person injured
$25,000 of Liability Bodily Injury coverage per accident
$7,500 of Property Damage coverage per accident
Liability auto insurance refers to insurance against loss resulting from civil liability for injury or damage to the persons or property of others. The Ohio Department of Insurance strongly urges motorists to purchase higher amounts of auto insurance than the legal limits plus uninsured/underinsured motorist insurance (UM/UIM). More than 16% of all Ohio motorists are uninsured. This type of insurance will protect the states insured drivers against the nearly 1.3 million drivers that defy state laws and drive without insurance. Unfortunately, thousands more drive with inadequate insurance.
If you decide to drive without auto insurance in Ohio, you risk losing more than your life savings in the unfortunate event of an accident. If you are caught driving without insurance in The Buckeye State, you will lose your license for 90 days. You will have to pay reinstatement fees ranging from $75-$500 and you will be required to purchase a type of high-risk auto insurance called "special FR coverage" for 3-5 years. In addition, your vehicle may be impounded or sold.
Purchasing insurance in Ohio is simple. Sites like Insuredonline.info provide drivers the choice of insurance companies serving their area. The average yearly cost for Ohio automobile insurance is $1,220. Compared with the financial risk and anxieties related to driving without insurance, this is a small price to pay.
