What mandatory auto insurance laws exist in the state of Ohio?
– In the state of Ohio, all drivers must carry liability insurance in the minimum amounts of $12,500 bodily injury per person, $25,000 bodily injury for two or more people, and 7,500 for property damage or they must opt for an alternative form of insurance to show financial responsibility (FR). – In the state of Ohio, legal alternatives to auto liability insurance include a surety bond of $30,000 issued by any authorized surety company, a BMV bond secured by real estate equity of at least $60,000, or a BMV certificate for money or government bonds in the amount of $30,000 on deposit with the State Treasurer. – When register your vehicle or apply for a license or permit in the state of Ohio, you will be required to sign a financial responsibility form stating that you won’t operate a motor vehicle without adequate coverage. – The state of Ohio requires proof of financial responsibility for anyone who uses your vehicle. This means that you or anyone else that operates your vehicle must c
