A new law approved by Ohio lawmakers would raise the minimum amount of car insurance motorists are required to carry.
WBNS-TV reports that both the Ohio House and Senate passed bills that would raise minimum coverages. For example, the state minimum for property damage coverage would jump from $7,500 to $25,000.
State Rep. Mark Okey, one of the sponsors of the House bill, says current limits are so low that they leave a lot of drivers vulnerable. He noted that no changes have been made to the minimum requirements since 1969, while the cost of cars and car repair has skyrocketed.
Okey acknowledges that it will lead to some people paying higher premiums, but he said the increased cost won’t be dramatic.
Was this article valuable?
Here are more articles you may enjoy.
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
