No, uninsured motorist coverage is not required in Ohio – it is optional. Drivers can choose to buy $25,000 in uninsured motorist bodily injury coverage per person (up to $50,000 per accident), as well as $25,000 in uninsured motorist property damage insurance per accident.
Additionally, drivers have the option to purchase $25,000 in underinsured motorist bodily injury coverage per person (up to $50,000 per accident) along with $25,000 in underinsured motorist property damage insurance per accident.
Uninsured/underinsured motorist coverage helps pay for a car accident if the at-fault driver doesn’t have enough insurance. Normally, the at-fault driver’s liability insurance pays for any property damage or injuries they caused. But if the other driver doesn’t have enough coverage, it can be time-consuming and difficult to sue them for funds to cover any bills. That’s where uninsured/underinsured motorist insurance can help save drivers time and money.
Even though Ohio does not require uninsured/underinsured motorist coverage, it’s still a wise investment if you can afford it. In Ohio, it’s estimated that 12% of drivers don’t have car insurance. This gives you a 1 in 8 chance that the other driver won’t have insurance if you get into an accident. Car accidents in Ohio can be extremely expensive, too. For example, fatal accidents in Ohio have a total cost of $1.69 billion each year.
Key Facts About Uninsured Motorist Coverage in Ohio:
Minimum Uninsured Motorist Bodily Injury: $25,000 per person and up to $50,000 per accident
Minimum Uninsured Motorist Property Damage: $25,000 per accident
Minimum Underinsured Motorist Bodily Injury: $25,000 per person and up to $50,000 per accident
Minimum Underinsured Motorist Property Damage: $25,000 per accident
Uninsured Drivers on the Road: 12%
Crashes per Year: 65,067
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