The term “no-fault” refers to state laws that allow for the payment of no-fault first-party benefits and restrict the right to sue in the event of an automobile accident. This type of auto insurance system is also known as a “limited tort” option.
So, in other words, when a driver is in an accident, no-fault auto insurance allows the driver to collect from his or her insurance provider regardless of who is at fault.
However, the state of Ohio follows the Tort System in regards to auto insurance claims. Tort is a legal term that refers to a wrongful act—like causing an automobile accident—that leads to legal liability.
What this means is, if you are involved in a car accident, someone must be found at fault for the accident. The person who is deemed at fault is then responsible to pay for all damages.
The damages are payed for by the at fault driver’s insurance provider, which is why purchasing a minimum amount of auto insurance coverage is required to drive a vehicle in Ohio.
Even so, your insurance agent will most likely recommend that you purchase more than the minimum amount of coverage because this amount is often not enough to cover all the damages in an auto accident. This means that, if you’re deemed at fault, you will have to pay the remainder out-of-pocket.
Are you worried your paying too much for not enough Ohio auto insurance coverage? Fill out our free quote form for comparable auto insurance quotes from several of the nation’s top insurance carriers. We’ll make sure you have the right amount of coverage at a cost you can afford.