New Minimum Coverage Requirements in Ohio

It is illegal to drive any motor vehicle in Ohio without insurance or other proof of financial responsibility. To comply with Ohio’s financial responsibility requirements, individuals must maintain insurance or get a bond.  If your driver’s license has been suspended and you are required to file an SR-22 in OH, a new law could make it more expensive to get your license back. An SR-22 shows the Bureau of Motor Vehicles (BMV) that you have at least the state minimum coverage for liability insurance. Most insurance companies file the SR22 with the BMV electronically. The required minimum for Bodily Injury Liability Coverage in Ohio is currently $12,500 per person injured in any one accident and $25,000 for all persons injured in any one accident.  The required minimum for Property Damage Liability Coverage is $7,500 for injury to or destruction of property of others in any one accident. By December 22, 2013, new law raises the minimum limits to $25,000 per person injured in any one accident with a $50,000.00 maximum for all persons injured in any one accident. The minimum Property Damage Coverage will be $25,000 for property of others.  The law requires companies to begin issuing policies with these new limits for new and renewal business no later than December 22, 2013. Failure to keep your car insurance policy active when you have an SR-22 is a serious problem. If your policy has a lapse in coverage due to failure to make the payment, or for any other reason, will cause the SR-22 filing period to start over from the beginning. This could mean a minimum of another three years having the SR-22 filed with your insurance policy.   Source: http://www.insurance.ohio.gov

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