What auto insurance is required in Ohio

Ohio like most other states has mandated auto insurance coverage. You are required to carry liability insurance to protect other drivers from you. At Schneider Insurance Agency in Gahanna, OH, we make it our business to know the laws in the state and make sure you have the right amount of insurance to keep you legally on the road. 

Ohio auto insurance 

The amount of mandated liability is 25/50/25. That means $25,000 for injuries to one individual in the accident with $50,000 for all the injuries from the accident. Another $25,000 is for damage to property which includes the other vehicle. This is what is known as basic auto insurance. It may be enough for some people, but not for everyone.

If you have a vehicle lease or loan, you are not going to be able to get away with just having liability insurance. The bank or dealer holding the lease or loan will require that you have insurance on the vehicle itself. You will need to carry collision and comprehensive auto insurance to protect the vehicle. 

Collision coverage covers the vehicle in the event you are the cause of an accident or if you are a victim of a hit-and-run. It will pay to repair or replace your vehicle. 

Comprehensive coverage covers theft, vandalism, and an abundance of things other than a collision that can damage your vehicle

If you are like most people, you need your vehicle, and having just the required coverage will protect your assets, but it won’t replace your vehicle or repair it if you damage it. If you don’t have the money to repair or replace your vehicle, it is best to have the additional coverage you need. 

Reach Out To Us

Give the office of Schneider Insurance Agency in Gahanna, OH a call when you are in need of auto insurance.