Ohio became a state in the Union in 1803. Before European settlers arrived it was densely populated with Native American tribes. The name “Ohio” comes from the Iroquois name for “great river”. It became known as the “Buckeye State” and people from primarily Germany, Ireland, and England immigrated there. Today it has over 11.5 million people. It is the 10th most populated state in America today. With all the people they need a way to get around.
Throughout its history it has been a center of economic trade because of its strategic location. There are waterways and roads that carry goods across Ohio. In the state there are a total of five Interstate highways that carry thousands of people each day. It is also home to the historic National Road U.S. Route 40 and U.S. highway 30. Ohio’s largest employer is the trade/transportation/utilities business. That is a lot of traffic besides the daily commuters. The residents can see firsthand the value of car insurance. It is protection while on the busy roads of Ohio. Local professional insurance agents know the best policies for Ohio residents.
Ohio ranks seventh worst in the nation for auto theft.
The Great Miami River runs through Ohio. It flooded in 1913 and was one of the worst natural disasters in Ohio history. It has also had 30 small earthquakes in the past ten years. It is a unique state with a special population. Local independent agents know the area and understand the workings of the state. They have the right ideas about what auto insurance policies work and what is cost-effective for their clients. In 2010 there were over 300,000 auto crashes with more than half a million cars involved in accidents.
Key Statistics According to the Insurance Information Institute and the National Highway Safety Administration:
Nationwide: 12.6% (2012)
Ohio: 13.5% ((2012)
Insurance Coverage Requirements:
Bodily Injury Liability
Property Damage Liability
Motorists are required to carry a minimum of $50,000 for all persons injured in an accident, with a maximum of $25,000 per person. They are also required to carry $25,000 for property damage. If you’ve had a major medical experience lately, or know someone who has spent several days in a hospital you probably realize how low these limits are compared to the reality of hospital care costs. A more common limit for Ohio drivers is $100,000 per person, $300,000 per accident bodily injury and $100,000 per accident property damage. Many consider an umbrella with an additional $1,000,000 in limits available. Considering the chain reaction accidents that occur on Ohio roads it would seem prudent to have higher limits of auto insurance protection.
Average Car Insurance Premium
The Insurance Institute uses an “average person” to establish an average rate for an average car. This figure is only good for comparison as so many factors go into establishing an auto rate.
National Average Cost Per Year: $841 (2013)
Ohio Cost Per Year: $659 (2013)
Fatalities: 1,006 (2014)
Alcohol Impaired Driver Fatalities: 310 (2014)
Fatalities per 100 million miles driven (OH): .88 (2013)
Fatalities per 100 million miles driven (Nationwide): 1.09 (2013)
Car insurance is the best way to have protection on the roads. The only real way to have financial security is to have good car insurance coverage. Without insurance an accident could be a major blow to any Ohio residents’ finances. They can go to their local professional auto insurance agents to find car insurance that will cover all their needs.
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Enhanced Insurance is not written by attorneys. If you’re looking for legal advice, you need to contact a lawyer. Further, insurance practices and forms change constantly and are varied from state to state. For definitive answers in your area, contact a local agent.