SAFETY ch o f the UIZ ea AND COST otect you in ing Q SAVING d pr daw t woul s, an egally s tha pan re l INSURANCE cove rage s and ua ce o f pot ken. Yo uran box is bro TIPS FOR obile ins erato r, a ger n utom es: refrig t and a fi TEENS REVI You may be in for a surprise when you discover f a e the xampl Nam ing e ollow to a mov mo ing v ver’s han e an an d a rush caugh d c s is y tou ris hey h ts. T ck. ur ne ave ck in ne of th ages. u ba ir. O ind b train yo beh ou s the insurance costs associated with you as a new Yo dam om ut y cha r all hit fr b 1 back nsible fo ar is our car, driver. As previously mentioned, one in six Ohio c teen drivers is involved in an accident every year, re spo , your ge to y face store a Your the highest ratio of all age groups. There are some ro cery is no dam der. stic pee pla the g ere yas ways, however, that you can help keep these costs ay to rage. Th on b s for the —even our w e ead- e pay s h down without sacrificing safety. On y bility cov uck h c ense whic lia ar e str insuran pay exp ident in 2 1. Make sure to complete an approved driver no you . Your ould an acc park ry ge w n training course as soon as possible. If you’re i n the tic surge e covera d been i bike plas m ha under 18, it’s a requirement for a driver's license. ing a quires he sa er if you e rid hat t g Whil ut and re iscover t r passen ail 2. Work with your parents to set up guidelines sc d ou kes f and terms you both can live with for using the car. 3. Keep those grades up! Many insurance com- panies give you a discount for maintaining an 3 get ry. You and y e surg —for yo lt. bu rial you were at u fau Whil e yo r ins hill. lvert. Yo u’re uranc u o the c ar th all b ut of e pays f e bra ut or overall B or better average. a ar on to a cu ur c es in 4. Set a good example for your passengers. rk yo r. wn. u pa car crash o your ca ks do Always buckle up, avoid excessive speeding Yo brea rvice car a se the ge t your and of dama 4 o and don’t accept dares when you’re behind the ntry, the car t $100 u he co oving wheel. in t f m cert o a con the cost EW 5. Studies conducted by the Insurance Institute to ving covers for Highway Safety have shown that one passen- activities e dri e Whil nsuranc ms ger doubles the risk of a crash among teen driv- ur i raniu ers, two passengers triple the risk, and three or more passengers increase the risk by more than six. 5 • Create a scenario—your dream car, where you’d live, if you’re married or single, your age, etc. Choose coverage Yo n. statio bor a ccid 12th r ly ks a pot e p ental floor c on the irs, it eigh ny of he ur car p pays all flood, arked of ge ot puts knoc ondo. T street h repa 6. Have your parents begin getting quotes at Yo ur n alco f yo ot only alism, les, limits for your auto insurance. eb oof o n d i off th t in the r surance heft, van iot, miss 6 least six weeks before you’ll be added to their auto insurance policy. Check not only with your Then check with a local insur- a den Your in or fire, t osion, r urance le. ance agent to determine the cost w. uf xpl ins tib parent’s current carrier, but compare quotes, belo overs yo quake, e al. This a deduc for insurance based on this scenario. c th m ry service and stability with other agents and also ing, ear h an ani you car n t f companies. If you have your own car and you do Next, ask the agent to determine the light lision wi ensive i costs for a different type of car. or col ess exp not qualify for a good student or other discounts, en l compare the cost of a separate auto policy for you. is ev • Survey local body shops for the cost to 7. If you attend school more than 100 miles away, replace specific parts of your car, or check your parents may be eligible to receive a discount a parts catalog to find the cost. For ex- on their insurance costs. ample, tail lights, fender, bumper, wind- 8. If you are planning to buy a car, avoid shield. high-performance or sporty models. Because these models are more expensive to repair, • Obtain a copy of an auto insurance policy insurance will cost you more. Consider the cost (from an insurance agent or your parent’s of insurance before you make that down payment. policy). Divide into groups to locate the coverages discussed in this brochure. NOTE: Information about Ohio's Next, study the policy to learn about the Graduated Licensing law is online at exclusions, definitions, etc. Discuss simi- www.ohioinsurance.org/gradlic.asp larities/differences between the policies. 172 E. State St., Suite 201 • What can you as a teen do to reduce your Columbus, OH 43215-4321 insurance premium? 614-228-1593 www.ohioinsurance.org (Rev. 10/08) OTHER THAN COLLISION The costs associated with an accident (Comprehensive) could be expensive. Just think about This pays for damage to your car caused by it—an accident could include damage most anything other than a collision. Glass to cars and other property, as well as breakage, theft, fire, explosion, impact with a injuries to you, your passengers and bird or other animal, vandalism, flood and earthquake are some of these hazards. S others. Could you afford to pay for these damages on your own? Auto- This coverage is also available with de- mobile insurance decreases your out- ductibles to lower your premium. of-pocket expenses by helping to pay COLLISION TOWING AND LABOR for losses resulting from an accident. Collision coverage pays for damage to your car This is an extra coverage that pays up to a Understanding Automobile Insurance from an accident regardless of fault. It usually stated amount for towing your car and any guides you through the types of auto includes a deductible, which means that you labor required at the scene when your car insurance coverages available and pay the first $100, $200, or so for repairs to becomes disabled. Other coverages may also tatistics consistently show than drivers in any other age group. assists you in making decisions about your car and the company pays the rest. be available from your insurance company. that youths have a greater On the average, one out of six Ohio what insurance coverages you’ll need Selecting a larger deductible lowers your Always ask what coverages are available and chance of becoming teenage drivers is involved in an to consider. Keep in mind that you collision premium. then decide what is best for you. involved in an accident accident each year. select your insurance coverage limits. nsurance not only helps you meet I BODILY INJURY (BI) If you injure someone in an auto- expenses in the event of an accident, it also satisfies the mobile accident for which you are requirements of Ohio’s Financial legally to blame, this coverage Responsibility (FR) Law. The FR Law will pay claims for injury or death applies to: against you and the cost of legal defense. • Owners of registered vehicles in Ohio PROPERTY DAMAGE (PD) UNDERINSURED • Drivers leasing vehicles from This is like bodily injury liability coverage ex- MOTORISTS (UIM) licensed dealers cept that it pays for at-fault damage that you Just as some drivers don’t carry any • Those applying for operator’s, cause to someone else’s vehicle or property, automobile liability insurance, others don’t commercial, restricted or SHOWING FR PROOF $ and for which you are legally liable. This does carry enough to pay for damages from their probationary driver’s licenses. Proof of financial responsibility is required if you are in- not cover your car or property. accidents. UIM coverage pays for death and volved in an accident or charged with a serious traffic REQUIREMENTS offense that requires a court appearance. You must also injury expenses to you or occupants of your There are several ways you can meet the FR law’s require- show FR proof when stopped for a traffic violation, a car when the other person’s insurance is MEDICAL PAYMENTS ments, including an auto liability policy, a certificate or bond vehicle safety check, or receive a request through the inadequate. This coverage fills the gap in protection between mail from the BMV's random verification program. If you This coverage pays for medical, hospital or filed with the Ohio Bureau of Motor Vehicles (BMV), or a the at-fault driver’s bodily injury liability coverage and your UIM are complying with Ohio’s FR law by having auto insur- funeral expenses for you and others injured or certificate of self insurance if you have more than 25 ve- coverage. ance, your insurance company or agent will supply you killed while riding in your car, regardless of hicles registered in your name. with an “Auto Insurance Identification Card,” which you fault. It also covers you and family members UNINSURED MOTORISTS You are not required by Ohio law to buy auto insurance. can show law enforcement officers if you are stopped. if struck by a car as a pedestrian or if riding in PROPERTY DAMAGE (UMPD) However, most drivers choose to satisfy the law by purchas- another car. This is an option to consider when you only ing an auto liability insurance policy, which covers bodily This law reinforces the idea that driving is a privilege—not a UNINSURED MOTORISTS (UM) purchase liability insurance coverage. It cov- injury and property damage claims made against them. right—and that it comes with responsibilities. Automobile Unfortunately, not everyone purchases auto in- ers damage to your vehicle if involved in an The penalties for FR law violation depend on the number of insurance enables you to meet those responsibilities. It will surance. That’s why it’s important to consider accident with an at-fault uninsured motorist. offenses you have within a five-year period. Violator penal- protect you, your wages and property. It will also help you uninsured motorists coverage. If you or your When you purchase collision coverage (see ties include a 90-day to two-year license suspension and fulfill your financial obligations if you cause an accident that passengers are injured by someone who does collision coverage on next page) for your auto, reinstatement fees ranging from $125–$550. Also, violators results in injury to others...and your obligations to society as not carry automobile insurance, UM coverage this coverage is not available or needed. must pay for at-fault damages. a whole. will pay for injuries up to your policy limits. Remember, liability insurance does not cover injuries to you For a complete description of Ohio’s FR law, ask your in- This includes medical expenses, loss of wages and related or damage to your vehicle. structor for a copy of the OII brochure, “Ohio’s Financial Re- expenses. UM coverage also applies if you are a victim of a hit- sponsibility Law.” and-run driver.
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