Ohio Indemnity Auto Insurance Review (2022)

Ohio Indemnity provides insurance for financial institutions and nonprofit organizations. Enter your ZIP code to get quotes from auto insurance agencies.

UPDATED: Sep 24, 2022Fact Checked

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

Full Bio →

Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

UPDATED: Sep 24, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

UPDATED: Sep 24, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Sep 24, 2022Fact Checked
no image available

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

Ohio Indemnity

Average annual rate for good drivers:

N/A

A.M. Best rating:

A-

Complaint level:

Low

Pros

  • Ohio Indemnity offers four specific programs to aid lenders who experience unusual insurance situations
  • Ohio Indemnity strives to cut down on the paperwork and red tape involved when filing claims

Cons

  • Ohio Indemnity provides insurance products for financial institutions and non-profit organizations only

The Bottom Line

This company prides itself on its principles, and these principles help it to build long-term relationships.

Communication is a key principle in maintaining direct contact with its agents to make sure their policyholders have the technology, expert advice, and commitment they need.

This way the company is on the cutting edge of methods they need to by-pass the bureaucracy that is associated with insurance claims processing.

As an approved and top surety bond provider, they are able to assure companies that insure federal bonds and funding. This is important to specialized markets with a niche that requires bonding.

Many of these businesses involve the financing of transportation portfolios.

After performing an Ohio Indemnity auto insurance review, it was determined that this company is in the business of insuring financial institutions.

Financial institutions include banks and credit unions. The company also insures 501(c)(3), or non-profit organizations, and they are licensed to conduct business in 50 states. (Wondering which states have the cheapest auto insurance? Check out our piece on cheap auto insurance by state.)

Ohio Indemnity is a necessary resource for these financial institutions to avoid the so-called “red tape” that most insurance policyholders experience in filing claims.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

Ohio Indemnity Coverage Options

Special programs are available to lenders who face situations unusual to the general public.

Four programs are specific to lender’s needs yet similar to the insurance needs of any business:

  • Vendor Single Interest – protects against vehicle confiscations such as when the government or other officials hold the vehicle for open court cases; protects the lender’s portfolio of vehicles that may not be recovered from repossessions or when there is damage to the vehicle when it is recovered
  • GAP or Guaranteed Auto Protection – covers the difference between the primary insurance policy amount and the loan balance; offers protection up to 150 percent MSRP. It also covers defaulted loans up to $50,000, as well as deductible amounts on new or used vehicles with loans up to eight years
  • Equipment Physical Damage available on the term of the loan or yearly; covers the actual cash value on agricultural, construction, lawn, and commercial equipment vehicles. This coverage is also available for loans financed up to eight years and valued for as much as $100,000
  • Creditor Placed Insurance – intended to cover vehicles and other personal property used for collateral; also for losses where the owner does not have enough insurance to cover the damages. All of the programs cover the lender’s whole portfolio of vehicles if defaulted on, stolen, or not recovered for any other reason

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Rachel Bodine graduated from college with a BA in English. She has since worked as a Feature Writer in the insurance industry and gained a deep knowledge of state and countrywide insurance laws and rates. Her research and writing focus on helping readers understand their insurance coverage and how to find savings. Her expert advice on insurance has been featured on sites like PhotoEnforced, All...

Full Bio →

Written by Rachel Bodine
Feature Writer Rachel Bodine

Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

Full Bio →

Reviewed by Daniel Walker
Licensed Auto Insurance Agent Daniel Walker

No comments at this time...

Compare Quotes from Top Companies and Save

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption

stage