a closer look at Ohio's 2024 auto insurance landscape, including mandatory minimums and recommended optional coverages.
As we cruise into 2024, it’s important to look at your car insurance policy and make sure you’ve got the required minimum coverage. Not only will this keep you legal on the road, but it helps your fellow drivers, too. When you’ve got the coverage you need, in the event of an accident, they’ll be protected too.
Often, however, minimum coverage isn’t enough. Optional add-ons offer more protection for you, your vehicle, and other motorists. In this article, we take a closer look at Ohio's 2024 auto insurance landscape, including mandatory minimums and recommended optional coverages.
Ohio's auto insurance minimums
Ohio mandates certain minimum coverage levels to legally operate a vehicle on its roads. As of 2024, here are the following minimum requirements for car insurance:
• Bodily Injury Liability Coverage: Drivers must carry a minimum of $25,000 per person injured in an accident and $50,000 for all persons injured in an accident.
• Property Damage Liability Coverage: A minimum of $25,000 in property damage liability coverage is required per accident.
These minimums are designed to provide basic protection in the event of an accident, and they’re required. Drive without this coverage and you’re at risk of having your license suspended. You’ll also have to pay hefty reinstatement fees.
Optional types of car insurance
If you’re making payments on an auto loan you probably have comprehensive coverage already. Still, it’s wise to look closely at your policy to make sure you have the coverage you need.
Smart ways to save on auto insurance premiums
You may also want to consider supplementing you policy with optional coverages. Below are some popular optional coverage plans offered in Ohio:
Uninsured/underinsured motorist coverage
This coverage protects you if you're involved in an accident with a driver who either doesn't have insurance or lacks sufficient coverage to pay for damages. Considering the number of uninsured motorists on the road, this coverage can be invaluable.
Collision coverage
Collision coverage pays for repairs to your vehicle in the event of an accident, regardless of fault. While it’s usually required by lenders, it’s also an excellent choice for any valuable car that you want to protect.
Comprehensive coverage
Comprehensive coverage protects against non-collision incidents such as theft, vandalism, natural disasters, and animal collisions. It provides reimbursement for damages to your vehicle outside of accidents.
Medical payments coverage
Medical payments coverage helps cover medical expenses for you and your passengers resulting from an accident, regardless of fault. This can be especially useful for covering immediate medical costs before health insurance kicks in.
Rental reimbursement coverage
If your vehicle is in the shop for repairs after an accident, rental reimbursement coverage can help cover the cost of a rental car, keeping you on the road while your vehicle is being repaired.
Gap insurance
If you're leasing or financing a vehicle, gap insurance can be valuable. It covers the difference between the amount you owe on your loan or lease and the actual cash value of your vehicle if it's totaled in an accident.
Wondering which insurance add-ons are best for you? The team at Roehr Insurance Services Agency can keep you safe behind the wheel with the right car insurance plan that protects you and your vehicle. You deserve to have peace of mind when you’re on the road and we can help.
