Passport Auto Insurance: What Ohio Drivers Need To Know

In Ohio, it is mandatory to have auto insurance to drive any motor vehicle. The minimum insurance requirements in Ohio are $25,000 in bodily injury liability coverage per person, $50,000 in bodily injury liability coverage per accident, and $25,000 in property damage liability coverage per accident. This is often referred to as a 25/50/25 policy. Ohio residents must carry proof of insurance at all times and may face heavy penalties, including license suspension, for driving without insurance.

Minimum insurance requirements

In Ohio, it is a legal requirement to have insurance to drive any motor vehicle. Vehicle owners may not allow anyone else to drive their vehicle without insurance. Proof of insurance must be shown at traffic stops, accident scenes, and vehicle inspections.

The minimum insurance coverage required in Ohio is $25,000 for injury/death of one person, $50,000 for injury/death of two or more people, and $25,000 for property damage in an accident. This is often written as 25/50/25 and is the minimum amount of coverage required by law. This basic liability insurance covers bodily injury and property damage.

Bodily injury liability insurance covers expenses associated with bodily harm sustained by other parties in a covered accident. It safeguards your assets if you are found legally responsible.

Property damage liability insurance covers damage to the property or vehicle of another party in a covered accident. This also safeguards your assets if you are found legally responsible.

While the minimum insurance requirements in Ohio are clearly defined, they are not meant to be a limit on how much coverage you can or should get. It is often a good idea to add further coverage to your policy to increase protection.

Proof of financial responsibility

In Ohio, drivers are required to demonstrate financial responsibility in the event of a car accident. While drivers are not technically required to carry car insurance, they must be able to provide other proof of financial responsibility if they choose not to.

Minimum Requirements for Insurance Coverage

If a driver chooses to comply with the state's financial responsibility rules through insurance, they must carry certain minimum amounts of coverage. These include:

• $25,000 for the injury or death of one person (a passenger, another driver, pedestrian, etc.) in an accident you cause
• $50,000 total for all injuries or deaths resulting from a single accident you cause
• $25,000 for any property damage arising out of a single accident you cause

Other Ways to Prove Financial Responsibility

If a driver chooses not to purchase car insurance, they can still comply with Ohio's financial responsibility laws in the following ways:

• Posting collateral in the form of cash or government bonds
• Purchasing a surety bond
• Obtaining a certificate of self-insurance

Posting Collateral

One way to prove financial responsibility in Ohio is by posting collateral in the form of cash or government bonds. This can be done by obtaining a Bureau of Motor Vehicles (BMV) certificate showing that $30,000 is on deposit with the state treasurer. This option allows drivers to comply with the financial responsibility laws without having to purchase car insurance.

Purchasing a Surety Bond

Another option for proving financial responsibility is to purchase a surety bond. This can be done in one of two ways:

• Obtaining a $30,000 certificate of bond issued by the BMV, signed by two individuals who own real estate with equity of at least $60,000
• Purchasing a $30,000 bond from an authorized surety or insurance company

Obtaining a Certificate of Self-Insurance

The final option for proving financial responsibility is to obtain a certificate of self-insurance. This option is only available to companies or individuals who own at least 25 vehicles. This certificate is issued by the BMV and allows drivers to comply with the financial responsibility laws without having to purchase car insurance.

Bodily injury liability

In Ohio, it is a legal requirement to have insurance to drive any motor vehicle. The minimum insurance requirements in Ohio are $25,000 per person for bodily injury, with a total maximum of $50,000 per incident. This is also known as 'bodily injury liability insurance', which covers the medical costs of other people involved in an accident if you are at fault. This type of insurance is necessary because it is legally required in most states, and it can also protect your assets if you are sued.

It is important to know the limits of your insurance policy. In the context of bodily injury liability insurance, the liability limits typically show three numbers, such as "$100,000/$300,000". The first number refers to the per-person bodily injury liability coverage, while the second number refers to the per-accident bodily injury liability coverage. The third number, which is not relevant to bodily injury insurance, refers to property damage liability coverage.

While the minimum insurance requirements in Ohio are predefined, it is recommended to get more coverage than the state minimums to adequately protect your financial assets. Experts generally recommend having enough coverage to match your net worth.

Property damage liability

In Ohio, it is a legal requirement to have insurance to drive any motor vehicle. The minimum amount of auto insurance coverage is $25,000 per person for bodily injury liability, with a total maximum of $50,000 per incident, and $25,000 for property damage liability.

In Ohio, the minimum requirement for property damage liability insurance is $25,000 per accident. However, it is worth considering purchasing additional coverage to protect yourself adequately. If you own a home or other expensive items, or if you frequently travel in high-traffic areas with expensive vehicles, you may want to increase your coverage.

While it is a requirement in Ohio to carry a minimum of $25,000 in property damage liability insurance, it is important to assess your individual needs and consider purchasing additional coverage to ensure you are adequately protected. This way, you can have the security of knowing that you are prepared for any unexpected situations that may arise on the road.

Collision and comprehensive insurance

In Ohio, drivers are legally required to have insurance to drive any motor vehicle. The minimum coverage includes $25,000 per person for bodily injury liability, with a total maximum of $50,000 per incident, and $25,000 for property damage liability. While collision and comprehensive insurance are not required by state law, they are typically necessary for a car loan or lease.

Collision insurance covers damage to your vehicle caused by a collision with another vehicle or object. This includes repairs or a full replacement of your covered vehicle. For example, if you rear-end another car and need to replace your bumper, collision insurance will cover the costs. The deductible for collision insurance is typically between $100 and $2,000, and you can choose a different deductible for this coverage than for comprehensive coverage.

Comprehensive insurance covers damage to your vehicle caused by non-collision incidents, such as theft, vandalism, fire, hail, or natural disasters. For example, if a tree falls on your car during a storm, comprehensive insurance will cover the damage. Like collision insurance, the deductible for comprehensive insurance is usually between $100 and $2,000, and you can choose a different deductible for this coverage.

Both collision and comprehensive insurance are important for protecting your vehicle from physical damage. It is recommended that anyone who owns a car consider purchasing both types of coverage, especially if they live in an area with a high risk of damage or have a high-value vehicle.

Frequently asked questions