In Ohio, affordable car insurance rates can be relatively easy to find if you know where to look and how to get the best coverage at the best price. While some car owners attempt to save on car insurance by opting for the minimal amount of coverage necessary, this is the worst possible way to save money. A much better way is to understand the coverage options available to you and to shop around for a competitive price. Because there are so many insurance companies looking to meet your needs, prices fluctuate greatly.
Ohio Affordable Car Insurance Rates: Required Coverage
The only required car insurance for vehicle owners in the state of Ohio is liability in the amounts of $12,500 bodily injury per person; $25,000 bodily injury per accident; and $7,500 property damage per accident. These limits are amongst the very lowest nationwide and are completely insufficient when it comes to protecting your assets if you were deemed responsible in the case of a serious accident. For this reason, you should consider no less than $100,000 bodily injury per person; $300,000 bodily injury per accident; and $100,000 property damage per accident.
Ohio Affordable Car Insurance Rates: Non-Required Coverage
Uninsured motorist coverage is probably the most highly recommended coverage that all drivers should carry. In the state of Ohio, 15.7% of drivers are estimated to be uninsured, making it the 13th highest ranking state for this problem. The high risk this poses of being involved in an accident with an uninsured driver makes the coverage a good choice.
Personal property damage coverage, such as collision and comprehensive, is necessary for those with financed vehicles. If your vehicle is paid off, you may still want and need it also. Collision covers losses from moving accidents. Comprehensive covers losses from non-moving perils like vandalism, theft and fire. With Ohio being the 9th highest ranking state for incidences of motor vehicle thefts, comprehensive is a very good investment.
Other recommended coverage types to consider include rental car reimbursement and towing and labor cost coverage. These help if your car cannot be used. Personal injury protection or PIP is another form of coverage that pays benefits in the case of bodily injury for you or your passengers regardless of fault. All are worthwhile forms of protection.
