Do I need auto insurance in Ohio?

When you own a vehicle that you drive, you may have questions about auto insurance, especially if you are a new driver or have just bought your first vehicle. If you are a resident of Niles, OH, you may have wondered, "Do I need auto Insurance"?  At the Ruddy Insurance Group, we have years of insurance experience, and our focus is superior customer service. We are independent agents, which means we can offer you insurance products from the top carriers in the business, and we can offer the affordability you are looking for. 

In Niles, OH, and all over the state of Ohio, you are mandated by law to carry liability insurance on your vehicle. You must carry at least $25,000 bodily damage per person and a total of $50,000 per accident. You must also have an additional $25,000 in property damage. This is the bare minimum that you must carry, and it doesn’t mean that it is the right amount for you if you have assets. If you have a loan on your vehicle, your lender will require that you carry additional insurance. Collision and comprehensive both protect the vehicle itself in the event you are fully or partially at fault. 

Once your loan is paid off, you are not required to carry collision and comprehensive insurance. Just because it is not a requirement, it doesn’t mean that you should let it lapse. If you are like most people, you depend on your vehicle, and unless you have plenty of money to pay for repairs or replacement, it can be a real hardship to have to pay these expenses on your own. 

When you are ready to sit down and discuss your auto insurance needs, Ruddy Insurance Group in Niles, OH is ready and waiting to help you out. Give us a call or stop by our office and let us find the right coverage for you. 

5 Essentials of Car Insurance

When considering the 5 essentials of car insurance in Ohio, you might just want to meet the minimum liability requirements. On the other hand, you may wonder if the minimum insurance mandated by law will fully cover accident expenses. It’s up to you to decide what to include in your policy. Still, Ruddy Insurance Group of Niles, OH recommends five auto insurance coverage essentials even if not all are required by the state of Ohio.

1. Liability

Bodily injury/death coverage of at least $25,000 for one person or $50,000 for more than one person will satisfy Ohio requirements. You also need a minimum of $25,000 property damage coverage according to this state’s mandatory insurance laws. It covers the costs of damages and injuries to others but not for you.

2. Comprehensive

This coverage provides you peace of mind in case of unexpected weather or other causes of damage besides a vehicle crash. You can ask about a variety of other scenarios (i.e. winding roads, theft, and vandalism, or animal accidents) to make sure all your protection needs are met.

3. Collision

This could save you from shelling out money you may not have for a new vehicle. It also can possibly provide you funds for repairable auto damages. This extends beyond what basic liability insurance offers.

4. Underinsured/uninsured motorist

It never hurts to make sure you can pay for damages in case someone else does not have insurance. This kind of coverage also prevents unpleasant surprises associated with finding out another driver does not have enough insurance.

5. Personal injury/medical

Hopefully, you would not need this after an accident, but you have the option of adding it to your policy. It could pay for any injuries you have, and it could cover some post-accident medical costs. It pays more for you rather than just for people in the other vehicle(s) involved in an accident.

You may need more information about specific policy inclusions. Ruddy Insurance can answer all your questions about auto insurance in Niles, OH. Contact us anytime to find auto coverage that works for you.

Is There Such a Thing As Too Much Auto Insurance?

Shopping for car insurance isn’t exactly fun. Living in Youngstown or Niles, OH, there are requirements you have to consider. That says nothing about comparing costs and coverages. It’s a general headache, but a little help can go a long way. 

Can we have too much auto insurance?

Yes, it is possible to have too much coverage on a vehicle. You can have redundancies that you don’t need — like having AAA and roadside assistance on your insurance. More important than any of that is the premiums. If your premiums are high enough that they’re hurting your ability to pay the bills, then you have too much insurance. Before you go slashing coverage, though, there are some ways you can lower the monthly bill. First, you want to look at deductibles.

In many cases, a higher deductible will lead to a lower monthly payment. Second, you want to hit the discounts. Bundling, military service, company contracts, and a bunch of other factors can save you money. Talking with your Ruddy Insurance Group agent can help you find every last discount.

There is more to this than excessive insurance

Technically, you can carry excessive coverage on a vehicle, but it’s pretty uncommon. Remember, the point of protection is to make sure you have a working car after an accident. You also want a policy that covers potential injuries. Those two things make up the bulk of the cost of your plan. If you’re trying to lower your premiums, you want to reduce the payout for these two things only as a last resort. In many cases, state requirements will prevent you from lowering personal injury coverage anyways.

The best way to make sure you aren’t paying too much or covering too little is to invest a little time. Compare prices, shop around, and then let Ruddy Insurance Group help. If you do the work, you can save some money, maintain peace of mind, and get back to life in Niles, OH.