Car Insurance Columbus
Finding the Best Car Insurance in Columbus Ohio
Finding the right auto insurance can be quite a tricky job. The best approach is to obtain a range of quotations, compare them and figure out the one that gives you the best deal possible.
It’s important to be equipped with the right knowledge before you decide upon which auto insurance to buy. Depending on which state you live in, your insurance premiums could be a smaller or larger piece of your budget.
Statistics on Car Insurance Columbus
Though every state has different minimum insurance levels, they are all comprised of three fundamental parts:
- Individual Bodily Injury Liability (BIL): Bodily Injury Liability covers other people’s bodily injuries or death for which you are responsible. It also provides for legal defense if another party in the accident files a lawsuit against you. National BIL minimums are between $10,000 and $50,000…Ohio’s BIL minimum is $12,500.
- Total Bodily Injury Liability: Total BIL is for the sum of all bodily injuries resulting from the accident .This insurance sets a maximum total amount of liability that is covered for all persons involved in an accident. State minimums range from $20,000 to $100,000. Total BIL minimum in Ohio is $25,000.
- Property Damage Liability (PDL): Property Damage Liability covers you if your car damages someone else’s property. Usually it is their car, but it could be a fence, a house or any other property damaged in an accident. It also covers legal expenses if another party files a lawsuit against you. Nationwide PDL minimums range from $5,000 to $25,000 and the Ohio PDL minimum is $7,500.
As the number of cars on the road is increasing at a brisk pace, the frequency of car accidents is on the rise. Many cars you see on the road are valued at $50,000 or more…therefore it’s easy to see that actual property damages frequently exceed the Ohio minimums. The same applies for bodily injuries. As mentioned above, the minimum insurance requirements in Columbus, Ohio are 12.5/25/7.5. But I strongly recommend that you purchase more than the bare minimums.
It’s undeniably a smart move to get higher coverage levels by paying a few more dollars. It won’t cost much and you will greatly reduce the risk of being underinsured… especially when multiple parties and vehicles are involved. I suggest you insure above the state minimums to a more secure level like 100/300/100.
Increasing cases of auto thefts make vehicle insurance even more important.
Car Insurance Columbus – Crime Statistics 2007
The average cost of car insurance nationwide is $817 per annum. The average cost in Ohio is $654…indicating that insurers have determined that the risk of accident and cost of insurance reimbursement are less in Ohio than the national average.
Though every state has different minimum insurance levels, they are all comprised of three fundamental parts:
-
Individual Bodily Injury Liability (BIL): Bodily Injury Liability covers other people’s bodily injuries or death for which you are responsible. It also provides for legal defense if another party in the accident files a lawsuit against you. National BIL minimums are between $10,000 and $50,000…Ohio’s BIL minimum is $12,500.
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Total Bodily Injury Liability: Total BIL is for the sum of all bodily injuries resulting from the accident .This insurance sets a maximum total amount of liability that is covered for all persons involved in an accident. State minimums range from $20,000 to $100,000. Total BIL minimum in Ohio is $25,000.
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Property Damage Liability (PDL): Property Damage Liability covers you if your car damages someone else’s property. Usually it is their car, but it could be a fence, a house or any other property damaged in an accident. It also covers legal expenses if another party files a lawsuit against you. Nationwide PDL minimums range from $5,000 to $25,000 and the Ohio PDL minimum is $7,500.
As the number of cars on the road is increasing at a brisk pace, the frequency of car accidents is on the rise. Many cars you see on the road are valued at $50,000 or more…therefore it’s easy to see that actual property damages frequently exceed the Ohio minimums. The same applies for bodily injuries. As mentioned above, the minimum insurance requirements in Columbus, Ohio are 12.5/25/7.5. But I strongly recommend that you purchase more than the bare minimums.
It’s undeniably a smart move to get higher coverage levels by paying a few more dollars. It won’t cost much and you will greatly reduce the risk of being underinsured… especially when multiple parties and vehicles are involved. I suggest you insure above the state minimums to a more secure level like 100/300/100.
Increasing cases of auto thefts make vehicle insurance even more important.
Car Insurance Columbus – Crime Statistics 2007
