Auto insurance regulations could be on their way for Ohio ride sharing

rideshare auto Insurance accident crash

Companies such as Lyft and Uber could soon be facing new rules with regards to their coverage. The director of the Ohio Department of Insurance, Lt. Governor Mary Taylor, announced at the end of last week that she would be putting her head together with other state commissioners over the weekend in order to discuss whether or not there should be auto insurance regulation for Uber, Lyft, and other ride sharing companies. According to Taylor, the goal is to make sure that consumers are adequately protected through proper steps. Taylor…

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Auto insurance requirements raised in Ohio

Ohio insurance auto premiums

Ohio drivers will have to up their insurance coverage in order to comply with state’s new standards Drivers in Ohio are set to see an increase in their auto insurance premiums as the state increases its minimum insurance requirements. The last time Ohio’s minimum insurance requirements were changed was in the 1960s and state officials suggest that the old requirements are no longer able to cover the costs associated with accidents. This belief is supported by many of the state’s insurers, most of who have been pushing for updated standards…

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Auto insurance premiums skyrocket after a claim

Ohio insurance auto premiums

Ohio drivers only need to make one claim to watch the amount that they pay rise by 35 percent. According to the results of a recent report, after filing only one claim on a policy, a driver in Ohio can expect to see his or her auto insurance premiums jump by an average of 35 percent. This increase in the monthly bill is the 16th highest that was measured among the states. The auto insurance premiums report was issued by Bankrate.com, the parent of InsuranceQuotes.com, which conducted it in the…

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Homeowners insurance price rising higher in Ohio

Ohio homeowners Insurance

The state that has previously experienced low auto will also see higher premiums in that sector. According to the latest auto and homeowners insurance data that has been released from the Ohio Department of Insurance, the price of both of those forms of coverage is on the rise, despite the fact that this state is known for its low rates. There was an average increase of 4.1 percent among the leading 10 private passenger auto insurer groups. Moreover, among homeowners insurance groups, the increase in Ohio was an average of…

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Homeowners insurance in Ohio among the cheapest

Ohio homeowners Insurance

The state’s auto coverage is also considered to be among the most affordable in the country. Mary Taylor, the Ohio Lieutenant Governor and the director of the Department of Insurance, has recently announced that the auto and homeowners insurance premiums within the state are yet again some of the lowest in the country. In her statement, she said that the marketplace in the state continues to offer favorable premiums. Taylor explained that “Ohio’s competitive insurance market continues to provide consumers with choice and lower insurance premiums compared to the rest…

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