Is a grace period a good time to reevaluate your insurance coverage?
The driver will still be expected to cooperate with any necessary state penalties or fines in relation to the event, and uninsured motorists will face heavier penalties for the incident.
In the event of an accident or traffic violation by drivers in the new car grace period, insurance providers typically extend the policyholder’s existing insurance coverage plan for the new vehicle. The amount of coverage extended may vary by provider. Ohio drivers with existing insurance coverage who get into an accident or traffic offense during their provider’s grace period will not be treated as uninsured motorists. No one plans on having a car accident or receiving a ticket for a traffic offense, but it happens-even with a brand-new car. What happens if you have a traffic incident or accident during the grace period? Failure to insure a car in Ohio can result in high premiums for a future policy and increased financial risk in the event of an auto accident or offense occurring after the set grace period.
For this reason, drivers should check for specifics with their provider.ĭespite having a grace period to insure their new vehicle, Ohio drivers should prioritize insuring their car shortly after purchasing it to ensure they do not overlook the requirement. Ohio drivers typically have somewhere between 7 and 30 days to insure their new vehicle, but no Ohio law sets a specific grace period. Most insurance companies provide policyholders with a grace period to insure a new vehicle-though these policies vary by state law and insurance provider. What is a new car insurance grace period in Ohio? Ohio’s transit providers give more than 115 million rides a year, including 15.9 million for seniors and people with disabilities. Ohio doesn’t have statewide public transportation, but it does have a network of more than 70 public transit agencies, mobility management providers, and other associated businesses. Many services are available online, especially if you’re just renewing an existing ID card or registration. You can also sign up to become an organ donor through the BMV.
The Ohio Bureau of Motor Vehicles (BMV) handles driving-related matters like issuing driver’s licenses and ID cards, license plates, registrations and titles. Ohioans are so invested in their residents purchasing liability insurance that its government has any driver applying for a driver’s license sign a document that affirms auto insurance coverage and knowledge of the penalties of driving uninsured.
Liability insurance comprised of bodily injury liability and property damage liability is mandatory coverage for all drivers in the state of Ohio.Īccording to the Bureau of Motor Vehicles (BMV), proof of insurance must be carried in the vehicle and shown at traffic stops, vehicle inspections, and accident scenes. Minimum Car Insurance Requirements in Ohio The following sections break down minimum insurance requirements, DMV services, and public transit options in Ohio. Additionally, all drivers in Ohio will have to visit their local DMV and may at some point need to rely on public transportation. Every state has minimum insurance requirements, and Ohio is no exception.