State of Ohio Required Liability Limits.
Request an Ohio car insurance quote if you have been cancelled or non-renewed by you current company or otherwise considered a “High Risk” personal or commercial auto customer.
What is Financial Responsibility?
In Ohio, it is illegal to drive any motor vehicle without insurance or other proof of financial responsibility (FR). It is also illegal for any motor vehicle owner to allow another person to drive the owner’s vehicle without FR proof. To comply with Ohio’s FR requirements, individuals must maintain insurance or get a bond. Both types of coverage are described below.
If I obtain insurance, what is required?
Ohio law requires the following for insurance coverage:
•If a person purchases automobile insurance, the state requires the person to purchase Bodily Injury Liability Coverage as well as Property Damage Liability Coverage.
•A motor vehicle liability insurance policy. Insurance cards are issued by an insurer to the policyholder for each motor vehicle insured under a motor vehicle liability insurance policy.
•A certificate of proof of financial responsibility on a form prescribed by the Ohio Bureau of Motor Vehicles (BMV).
If I purchase auto insurance to demonstrate Financial Responsibility, what are the minimum coverage requirements in Ohio?
In Ohio the required minimum for Bodily Injury Liability Coverage is currently $12,500 per person injured in any one accident and $25,000 for all persons injured in any one accident.
The required minimum for Property Damage Liability Coverage is $7,500 for injury to or destruction of property of others in any one accident.
***By December 22, 2013, new law raises the minimum limits to $25,000 per person injured in any one accident with a $50,000.00 maximum for all persons injured in any one accident. The minimum Property Damage Coverage will be $25,000 for property of others.
The law requires companies to begin issuing policies with these new limits for new and renewal business no later than December 22, 2013.