Here’s how you can simplify shopping for Ohio auto insurance. Just follow a few simple steps. Scroll down for a summary of recent rates, facts and stats pertaining car insurance policies in the state of Ohio. This info will help you find an Ohio auto insurance plan that works for you.
Ohio Minimum Liability Coverage
Ohio state laws call for a minimum liability coverage of $12,500 in Personal Injury Protection (PIP), $25,000 of insurance against injuries to other people, and $7,500 in coverage against property damage. So, the state of Ohio only requires a total of $45,000 in liability coverage for each vehicle owned. Insurance carriers refer to Ohio’s required minimum coverage as 12.5/25/7.5. Car insurance coverage minimums in Ohio are comparatively low.
Penalties for Driving Without Insurance in Ohio
First offenders caught driving uninsured vehicles in the state of Ohio have their registrations revoked in addition to a fine of $75 and a suspended license for three months. Second offenses committed within a five year period result in a suspended license for one year. Repeat offenders with three or more convictions face license suspension for up to two years. Other unwanted perks include reinstatement fees and raised annual premiums.
Auto Insurance Rates in Ohio
The average annual premium on insurance for a passenger vehicle in the state of Ohio was $1,453 in May of 2013, while the national average was $1,670 during that month. According to reports from Top50States.com, Ohio’s lowish annual premiums are partly due to the state’s minimum coverage being lower than average, and partly because Ohio accident statistics show relatively low traffic fatality rates, despite the relatively high percentage (16%) of uninsured vehicles on the road.
Low Cost Car Insurance Programs in Ohio
There are a number of techniques for cutting Ohio car insurance costs to the minimum. One way is to pay off your annual premium all at once, rather than monthly. Another is to increase your deductible amount and keep your coverage to the state-imposed minimum. Also helpful is selecting types of vehicles rarely stolen in your area, or buying autos with permanently installed safety features. Ohio drivers often employ any or all of these tactics to lower their yearly premiums.
Still, the biggest way to save money on your annual rates is to qualify for every possible discount. Most insurance providers offer good driver discounts, good student discounts, senior citizen discounts, multiple policy discounts, multiple auto discounts and more.
Obtaining Auto Insurance Quotes in Ohio
According to J.D. Power and Associates, Ohio’s most highly rated carriers of car insurance are Amica, State Farm, Geico, Progressive, Allstate and Esurance. However, some Ohio residents prefer locally owned companies like Erie. Either way, the easy way to get low quotes on car insurance in Ohio is simply to call agents, compare quotes and check online complaint ratios. Then try to qualify for every available discount. It’s as easy as spelling Ohio.