If I purchase auto insurance to demonstrate Financial Responsibility, what are the minimum coverage requirements in Ohio?
In Ohio the required minimum limits for Bodily Injury Liability Coverage is $12,500 per person injured in any one accident and $25,000 for all persons injured in any one accident. The required minimum limits for Property Damage Liability Coverage is $7,500 for injury to or destruction of property of others in any one accident. Why should I get more coverage than the minimum? The value of your assets (what you may have to lose in the event you cause an accident) may help you determine the amount of coverage you should carry. Having additional coverage could protect you and your assets in the event of a serious accident. If you do not have adequate coverage, the law allows the victim to take any assets that you may have in order to cover the costs of any damages that occur. What could happen to me if I get in an accident and only have minimum coverage? You would be held legally responsible to pay for any damages that are not covered by your insurance, including medical costs, costs to re
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