Ohio High Risk Auto Insurance
The state of Ohio has over 160 licensed insurance companies competing for their auto insurance business. Among the companies that would be most likely to offer high risk auto insurance are Allied Property & Casualty, Citizens, Esurance, First Acceptance, Geico, and Metropolitan.
The state of Ohio has certain minimum coverage that must be maintained on operating vehicles. These minimums are Bodily Injury Liability of $12,500/$25000 individual/accident, and property damage liability of $7500. Uninsured/underinsured motorist coverage is not a requirement, but is recommended.
Ohio operates under a tort system for handling accidents. This means that one of the drivers involved will be found to be at fault in any accident and held financially responsible for the medical expenses and property damage repairs of the other drivers involved.
Drivers are required to carry proof of insurance in their vehicles with them. This proof may be in the form of the insurance policy, an insurance id card issued by the insuring company, or forms provided by the state showing that the person is self insured and has secured the appropriate bonds to cover the costs of an accident.
Proof of insurance will be required any time a person gets a traffic ticket, appears in traffic court, is stopped at a vehicle inspection station, or receives a letter stating that they have drawn for a random insurance check from the state DMV. Penalties for failure to provide proof of insurance include suspension of driver's license for 90 days, one or two years, depending on how many offenses, loss of license plates and registration with reinstatement fees ranging from $75 to $500, and possible loss of vehicle. If you are falling into these fines and suspensions, you can also expect to need high risk auto insurance.