Everything you need to know about insurance basics, like coverage types, limits, cost and more.
Car Insurance & Car Insurance Requirements in Ohio
Ohio Minimum Car Insurance Requirements
In Ohio, proof of financial responsibility is required to make you a legal driver. It is also illegal to allow another person to drive your car without proof of financial responsibility.
If you decide to purchase liability auto insurance as a means to prove financial responsibility, the minimum requirements are as follows:
- $25,000 bodily injury liability per person per accident
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
If you decide to get a bond or post collateral instead of insurance, you can use one of the following in place of car insurance:
- A BMV certificate indicating that a deposit of money or a government bond in the amount of $30,000 is on record with the office of the Treasurer of the State of Ohio
- A certificate of bond issued by the BMV in the amount of $30,000 signed by two people who own real estate with equity of at least $60,000.
- A certificate of self-insurance from the BMV for people with more than 25 motor vehicles registered in their name or their company’s name.
- A $30,000 bond issued by an authorized surety or insurance company.
While the minimum car insurance requirements in Ohio are predefined, they are not meant to be a cap on how much coverage you can or should get. You may opt for more coverage than the state minimums to protect your financial assets and your vehicle and/or passengers.
If you’re interested in getting a car insurance quote in Ohio, contact your American Family Insurance agent to discuss what type of protection is best for your needs and what discounts may apply in your region.