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.
Intersecting Risks and the Future of Construction Insurance 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
