If you looking for state minimum insurance quotes in Cincinnati, or any other part of the state we can provide this to you.  You can call 513-662-7000 for insurance quotes, however you need to ask yourself whether or not state minimum insurance in Ohio is sufficient coverage for your needs?  To receive an online quote, click state minimum liability coverage Ohio.

In the past insurance companies have run television commercials advertising state minimum car insurance quotes for those with limited budgets for car insurance.

State Minimum Insurance May Be Cheaper, but You May Pay a Price down the Road!

While it’s true that state minimum car insurance coverage may cost you less money than higher insurance limits, it could inadvertently cost you more money in out-of-pocket expenses in the event you are responsible for an accident in excess of state minimum limits.

For instance in the state of Ohio, state minimum limits as required by law amounts to $7,500 for property damage, and $12,500 individually for injuries that you may be legally responsible to pay.

In the state of Kentucky the state minimum limits are $10,000 for property damage, and $25,000 for injuries.

Let’s discuss a scenario to show you exactly how the property damage coverage works:

Claim Example 1:

Let’s assume that you’re driving north out of downtown Cincinnati on the way to work and you rear end the vehicle in front of you. After all repair estimates are complete it appears the damage total is $4,700 for the other party’s vehicle.

If you carry Ohio state minimum insurance limits for property damage you have $7,500 to cover the property damage you are responsible for. In this scenario you have enough coverage to cover all property damage expenses.

Claim Example 2:

Let’s change one factor on the above scenario and assume that when you rear-ended the first vehicle that vehicle in turn was pushed into the vehicle in front of him because of the impact of your car. It’s possible that you could be held liable for the damage to both vehicles.

So the first vehicle’s damage amounts to only $4,700, however the damage to the other vehicle was $5,200 leaving total property damage total of $9,900. Subtracting the $7,500 property damage limit your insurance company pays leaves you with a balance of $2,400 that you owe for that one accident!

Is state minimum limits enough for Cincinnati drivers? In the first scenario yes, in the second it ends up costing you $2,400 out of pocket. State minimum coverage limits may keep you legal, but may end up costing you more in the long run.

Please note that in multi-car accidents it may not be 100% certain that in every case the driver causing the multiple car accident is solely responsible other mitigating circumstances could apply.

One Other Negative Factor about State Minimum Coverage

There’s one other negative factor when purchasing state minimum liability coverage.  Those who purchase lower limits can be categorized by other insurance companies as high risk driver’s. So if you have the lowest liability limits required by law in Ohio, and you want different insurance the only carriers that may offer you a decent rate or other Ohio high risk insurance companies!

To Avoid Being Labeled As a High Risk Driver Purchase Coverage Limits Higher the State Minimum!

Pathway insurance offers insurance protection in Ohio, Kentucky, and Indiana. If you have state minimum insurance limits click here to upgrade your coverage, or give us a call at our office at 513-662-7000.