- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -

« News Home

Ohio to increase minimum amount drivers must carry

Published: Mon, February 4, 2013 @ 12:00 a.m.

By Mark Williams

Columbus Dispatch


The last time that the state raised the minimum amount of auto insurance a driver must carry, a Ford Gran Torino cost $3,200.

Now those levels are poised to increase for the first time since 1969.

Under a law that will take effect in December, minimum-insurance requirements will at least double — to $25,000 per person, $50,000 for a multiperson accident and $25,000 for property damage.

The Ohio Insurance Institute estimates that about 400,000 Ohioans — roughly 5 percent of the state’s insured drivers — carry the minimum levels.

How much more they’ll pay in premiums under the new mandate is tough to say.

Several insurance companies declined to speak about the law or said it’s too early to know.

Industry officials note that a variety of factors — age, driving record, vehicle type, driver’s place of residence, among others — are used to set rates, making it tough to figure out how much they might change for a particular driver.

Officials also note that Ohio’s competitive market for insurance coverage gives drivers some options.

“It’s going to affect everyone differently,” said Dan Kelso, institute president.

“The Department does not have any premium projections based on the recently passed minimum-requirements law,” Chris Brock, spokesman for the Ohio Department of Insurance, said in an email. “Ohio currently has the 10th-lowest auto rates in the country, and these changes only impact one of many rating factors used by companies to determine premiums.”

State Rep. Gerald L. Stebelton, who sponsored the legislation to raise the minimum levels, said drivers who carry the minimum should expect to pay a few dollars more a month for coverage.

“We weren’t too concerned about that,” said Stebelton, R-Lancaster. “There’s a cost associated with driving a car.”

Even with the increase, he said, the new minimums won’t give a lot of coverage.

Through the years, Kelso said, the insurance institute has opposed or remained neutral about higher minimums. If drivers want to have more insurance, he said, nothing prevents them from buying it. “The question is whether the state should be telling them that.”

The industry stayed neutral on the legislation this time, Kelso said, but the legislation became more palatable with the addition of some other provisions.

John Van Doorn, executive director of the Ohio Association of Justice, a group for trial lawyers, said the increase “is overdue.”

Though the group members stand to benefit financially from the increase, Van Doorn said the increase was needed because of the damage that drivers with inadequate insurance can inflict on others when involved in an accident.


1busyman(239 comments)posted 3 years, 5 months ago

I think the state should pass a law to make all drivers buy insurance? Oh they do, but get hit by someone in a car over 10 years old and see where to stand. The states need to inforce the laws. Just making a person sign a form that says I have insurance to register a vehicle is not enough. You should have to show your insurance paper at the point of purchase.

Suggest removal:

2AnotherAverageCitizen(1195 comments)posted 3 years, 5 months ago

This mandating insurance would never fly if Obama tried to put it in place.

Suggest removal:

3busyman(239 comments)posted 3 years, 5 months ago

ACC!! It is not the feds. The state controls this type of insurance and is regulated by the states. It mandatory now to have at least liability, but the law breakers do not care about that. They life of excuses and lies and they keep running away from acidents to leave the Joe Public individual holding the bag.

Suggest removal:

4VINDYAK(1824 comments)posted 3 years, 5 months ago

Politicians. They are not fools. They know "wink, wink" if you declare you have insurance, they are in the clear and any accidents will be paid for by the insured. This of course drives our insurance costs higher and higher every year and meanwhile the politicians get the votes from all the poor uninsured come election day.

Talk about class warfare...look where it is coming from.

Suggest removal:


HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2016 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes