Is SR22 Auto Insurance Enough for Lien Holders in Ohio
Reader’s Question:
I have an SR22 in Ohio. I am planning to buy a car loan for a used car and I would like to know if this SR22 insurance is enough? Can I also have physical damage liability along with my SR22 insurance if I am going to buy a new car?
John
Hamilton, OH
The SR22 insurance certificate that you have in Ohio is a state liability and most lien holders would require that you have physical damage liability of collision and comprehensive coverage if you have a loan or lease on the vehicle, regardless if the vehicle that you are trying to purchase is new or used.
I suggest that you speak with your car insurance company in Hamilton, Ohio if you could carry physical damage liability of collision and comprehensive that is being required by the lien holder along with your SR22 insurance that you currently have. I believe that you would be able to acquire the physical damage liability and SR22 insurance to satisfy what the lien holder and the state requires you to have.
You can always shop around for car insurance company if your current insurance carrier will not allow you to have both.
Dealing with Ohio Auto Insurance Agents
Reader’s Question:
What perils should I anticipate when dealing and making transactions with car insurance brokers? Can you guys set me up with multiple Ohio auto insurance quotes so I can compare the competition?
Oscar
Cincinnati, Ohio
Car insurance brokers in Ohio act as middlemen between you and 
the insurance companies. They basically negotiate for car insurance policies on your behalf to get the best deals or secure more desirable terms on an existing policy. They have the knowledge and the experience in the car insurance industry to enable them to find the best policy that will suit your needs.
However, you still have to give considerable thought on the advices that your car insurance brokers gives you. You should not follow it blindly because some insurance brokers are capable of doing bad practices either out of lack of knowledge, self-interest or outright malice.
One of these perils is when they make suggestions for unnecessary and expensive car insurance options. They may try you to purchase more car insurance and its additional options, or they may attempt to make you buy the insurance policy with expensive premiums. This can be due to the fact that some insurance brokers earn on a commission basis and thus have the compelling need to force you to buy more or expensive insurance.
Another danger to anticipate is when car insurance brokers, to their advantage, are withholding information about the details of your insurance policy, preventing you from making a sound judgment. For example, they will not inform you of the hidden charges that the policy has. Another example is when they won’t inform you that the cheap premiums are only applicable in the first few months and will increase thereafter. Others will lie intentionally, while some will just try to mention it in passing but will not emphasize the real implications.
Probably the worst-case scenario is when the broker and the insurance company are performing a scam. This is totally risky because when you try to make a claim against your insurance policy, you’ll discover that the company and the broker are nowhere to be found.
To make sure you are in good hands, ask your car insurance broker to show his license and confirm it through your state’s commissioner office for insurance. Also, know your broker’s credentials. It is better safe than sorry.
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history – used by many carriers to determine payment risk
Why Ohio Auto Insurance Companies Ask for Medical Conditions
Reader’s Question:
I am wondering , can a car insurance carrier in Ohio ask about any medical conditions you have such as heart problems, epilepsy or diabetes? Can they ask that? Is that legal? Do you have a recommendation on Ohio auto insurance companies?
Karl
Cincinnati, OH
Normally a car insurance company is permitted to ask questions about risk factors that could affect the insurance policy they would be offering an individual. There are certain medical medications and conditions that can impair your driving abilities and therefore be a risk factor to an insurance company.
To obtain a driver’s license in Ohio from the Bureau of Motor Vehicles (BMV) you must answer questions regarding your physical health and any medical conditions that you might have. If you have a condition that might affect your driving, the examiner will tell you the steps that you have to take and give you with a medical packet (form BMV 2058) which must be filled out by your doctor.
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