Based on average rates for Ohio drivers with minimal liability coverage, the cheapest and most widely available car insurance option in Ohio is Erie. Although almost every state requires drivers to have liability insurance, the minimum coverage isn't always enough to cover the cost of an accident. An uninsured motorist (UM) policy can cover damage caused by an uninsured driver or an unidentified driver, such as in a hit-and-run accident. Most people choose to purchase higher than the minimum liability coverage, since you can be held personally responsible for any damage that exceeds the limits of your policy.
If a driver with limited coverage or no coverage affects you, the expenses you incur for related injuries and property damage won't be covered if you don't have a full coverage policy. Having coverage equivalent to the value of the assets you own and all the money you have, minus your debt, protects you financially in the event of a serious car accident. Maintaining adequate coverage can protect you and your personal assets if you are ever involved in a serious accident. An underinsured motorist (UIM) policy can cover damage that exceeds the policy limits for negligent drivers.
Liability insurance would cover injuries and damage to the other party's property if you caused the accident. While liability insurance covers the other person's costs related to an accident if it was your fault, other types of car insurance cover your property losses.
