The Columbus Dispatch reported today on the upcoming hike in auto insurance rates in Ohio.
According to the article, Ohioans were cited a record 1.13 million times last year for driving without insurance in 2012. In Franklin and surrounding counties, about 192,000 were cited for driving without insurance. That means that about 1 in 8 drivers on the road is driving without insurance. That is a lot of drivers.
Now the General Assembly has voted to raise everyone’s auto insurance minimums, which apparently have been static since 1969.
The current minimums — $12,500 for injury or death involving one person, $25,000 for two or more people and $7,500 for property damage — will increase to $25,000, $50,000 and $25,000, respectively, on new and renewed policies effective Dec. 22, 2013.
The Ohio Insurance Institute told the Dispatch that they expect there will be an increase in the number of uninsured drivers as rates will inevitably go up with higher minimums.