If you are looking to get Ohio car insurance quotes then it is of vital importance that you understand the car insurance laws of the state. In Ohio, the vehicle owner or the named driver is financially responsible for any costs that arise as a result of an incident occurring involving your vehicle. This includes, collisions, theft, and vandalism as well as damaged caused by extreme weather. The purpose of insurance is to protect you from the consequences of some of these unfortunate circumstances.
Every car insurance policy must include liability insurance as this is the minimum compulsory coverage required by a state. The aim of liability insurance is to cover the costs of injuries caused to property by your vehicle, or caused to another driver or their vehicle as a result of a traffic collision for which you were at fault. This type of coverage includes minimums that must be covered by every policy, although many drivers will chose to a policy that provides a higher level of coverage than the minimum.
- In case of injury or death the minimum coverage is $25,000 per person.
- In case of the injury or death of 2 or more people from 1 accident the minimum is $50,000.
- In case of property damage resulting from an accident the minimum is set at $25,000.
The point of liability insurance is purely to cover costs that you incur when you are at fault, and it does in no way protect you from any other eventuality that may result in damage being caused to your vehicle. This is why most vehicle owners will opt to purchase extra coverage to offer more financial coverage in the case of unfortunate events.
This kind of coverage will offer you protection if damage has been caused to your own vehicle as a result of a traffic accident. This is especially helpful if you are involved in an accident with an uninsured driver, or if the driver at fault only has the minimum liability coverage and cannot cover the cost of repairs to your vehicle.
This kind of coverage includes most eventualities that do not involve an accident. For example, if your car has been stolen you will be able to make a claim to recover part of or the full cost of your vehicle, depending on your level of coverage.