4 Reasons Why You Need More Toledo Car Insurance (Part 1)

Reasons 3 and 4 of why the required Toledo car insurance is not enough.

Contact your Toledo car insurance agent to bridge the gap between required insurance coverage and adequate insurance coverage.

In part one of this article, we talked about the first two reasons why the minimum Toledo car insurance required by Ohio may not be enough to protect you financially in the event of a car accident. Here in part two, we will talk about two other reasons why you need to be talking to your Toledo car insurance agent.

Reason #3: Property Damage Costs

Before the State of Ohio raised the property damage liability coverage to $25,000, the current amount of $7,500 was a joke. How many cars do you know can be fixed or replaced for $7,500 or less?

The $25,000 is better protection for you because just about any car can be fixed for $25,000 or less. The only thing you would need to be concerned about is if you hit a high-priced car and it ends up being declared a total loss. Any vehicle that is declared a total loss and has a value of more than $25,000 means that you will have to make up the difference of the value and the amount of coverage you have from your own pocket.

It doesn’t cost that much to increase your property damage liability coverage to $50,000 or even $100,000 to give you that extra protection. And the cost of the insurance coverage is a lot cheaper than having to make up the difference between your required $25,000 in coverage and the actual value of an expensive vehicle.

Reason #4: No Coverage for You

Like most states, the required car insurance coverage is only to protect those that you hit with your vehicle. The bodily injury liability coverage is for the injuries in the other vehicle, and the property damage liability is for damages you cause with your vehicle to property you don’t own.

In other words, if you go with just the required Toledo car insurance so that you can drive legally you are out of luck if you get in an accident. There is no coverage for your own injuries, so you will have to pay those on your own or with your health insurance. And you will have to pay for any damages to your own vehicle that needs to be fixed.

Even if the car accident isn’t your fault, you will still end up having to pay for your medical expenses and vehicle damages out of your own pocket if the other person doesn’t have insurance or if they fight who was at fault for the accident.

So do yourself a favor and sit down with your Toledo car insurance agent to discuss exactly what coverages you actually need, beyond the state required ones, to be protected in the event of any car accident.