OH law sets new auto insurance minimum requirements - WLOX.com - The News for South Mississippi

OH law sets new auto insurance minimum requirements

(Toledo News Now) -

A new Ohio law sets new minimum auto insurance coverage requirements, and according to the Ohio Insurance Institute, this brings Ohio in line with 38 other states and will affect roughly 400,000 drivers with minimum coverage.

This represents the first change in the state since 1969, and local insurance agent Jan Scotland says it's about time.

"The rates were so low, people were going over those rates, either they were being gone after personally or if they didn't have any money, the person who was in that accident that got hurt or had damage was pretty much out of luck, or their own insurance would have to take care of it," said Scotland. 

The minimum financial responsibility standards for injury or death to a single person increases from $12,500 to $25,000, from $25,000 to $50,000 for an accident involving multiple people, and from $7,500 to $25,000 for property damage.

"A minimum of $12,500 for one person in an accident just doesn't do it. It's almost irresponsible. So I think most people get the idea this is necessary. There's no doubt the protection is much better for people involved in an accident," said Scotland. 

The new law affects new policies, as well as policies getting renewed.

Mobile users, click on the "Video" button in the app to watch this story. Download our app here.

Copyright 2013 Toledo News Now. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • Boy beaten with hammer while protecting sister dies

    Boy beaten with hammer while protecting sister dies

    Sunday, September 24 2017 2:13 AM EDT2017-09-24 06:13:24 GMT
    Sunday, September 24 2017 2:13 AM EDT2017-09-24 06:13:24 GMT

    The suspect in the beatings faces charges of murder, attempted murder, and lewd acts with a child under 14.

    More >>

    The suspect in the beatings faces charges of murder, attempted murder, and lewd acts with a child under 14.

    More >>
  • Police: Tennessee church shooting suspect sent suicidal text

    Police: Tennessee church shooting suspect sent suicidal text

    Monday, September 25 2017 3:27 AM EDT2017-09-25 07:27:49 GMT
    Monday, September 25 2017 11:43 PM EDT2017-09-26 03:43:16 GMT

    Police charged the suspected gunman, who killed one and shot six at a Tennessee church Sunday, with one count of murder and said multiple charges were pending.

    More >>

    Police charged the suspected gunman, who killed one and shot six at a Tennessee church Sunday, with one count of murder and said multiple charges were pending.

    More >>
  • Jerry Jones, Cowboys kneel before national anthem ahead of game

    Jerry Jones, Cowboys kneel before national anthem ahead of game

    Monday, September 25 2017 10:01 PM EDT2017-09-26 02:01:57 GMT
    Monday, September 25 2017 10:10 PM EDT2017-09-26 02:10:24 GMT

    The gesture comes after an NFL weekend when more than 200 players sat or took a knee during the national anthem across the league.

    More >>

    The gesture comes after an NFL weekend when more than 200 players sat or took a knee during the national anthem across the league.

    More >>
Powered by Frankly