Not having car insurance in many states can make you a high-risk driver when buying car insurance. The consequences of driving without insurance exceed the monthly insurance premium and may result in the following penalties. Commercial auto insurance can help protect drivers who use a car or truck to perform tasks related to their occupation or business, in addition to traveling to work. For the 15% of Ohioans who don't have insurance, the Ohio Department of Insurance estimates that even more drivers are underinsured, meaning they have enough insurance to remain legal, but not enough to pay for serious injuries and damages.
The terms, definitions and explanations of insurance are for informational purposes only and do not replace or modify in any way the definitions and information contained in the individual pages of contracts, policies or insurance statements, which are decisive. In some states, your vehicle can be towed and you won't be able to claim it until you present proof of insurance. This requirement is often called SR-22 insurance, but it's not insurance, but rather a record that the auto insurance company files on your behalf with the state to verify that you have insurance coverage that meets Ohio's minimum liability insurance requirements. If you can't drive your car because of a covered loss, this coverage helps pay for a car rental or other transportation expenses so you can get back on the road.
In addition, drivers must carry proof of insurance with them at all times and must be able to present it when they request it, such as during a traffic stop, at the scene of an accident, etc. While insuring your personal vehicle with the minimum amount of insurance required by state law is usually the most economical option, it doesn't mean that you are fully protected in the event of a car accident. Some car insurance qualifying factors, such as your driving history, can significantly affect your insurance costs.