Insurance is as necessary to driving as your driver’s license and car keys. Maintaining proper insurance levels protects you and your property in the event of an accident, while also helping protect you from being sued personally. Most states require a minimum level of coverage in the event that you cause an accident, although it is important to carry higher levels to be truly protected.
Maryland auto insurance requirements
Like many states, MD has minimum requirements for coverage.
• $30,000 for individual bodily injury
• $60,000 total bodily injury per accident
• $15,000 in property damage per accident
Should you cause a serious accident, these levels might not be enough to cover all expenses. Medical costs are high, and if there are several people injured in the other car, the $60,000 limit could quickly be met. Additionally, most cars on the roads are worth well over $15,000 and you would be personally responsible for the damages in excess of your coverage.
Maryland auto insurance laws
• MD charges daily fines to drivers who neglect to get proper insurance, in addition to restoration fees that are charged for replacing the vehicle’s registration.
• Proof of insurance is to be provided to authorities or the Motor Vehicle Association when requested.
• Any licensed and registered car must have liability insurance on it.
• A Tort state, if you are found to be at fault for an accident you will be paying for the damages.
Maryland auto insurance coverage
Maryland dictates certain coverage amounts for liability insurance; however it is highly recommended that you carry much higher levels. You want to be protected in the event that you cause an accident, or you could find yourself facing lawsuits and potentially bankruptcy. You also want to be protected in the event that someone else causes an accident, but does not have the proper coverage levels. Insurance for uninsured and underinsured motorists is necessary to protect yourself in the even that someone carrying only state minimums causes an accident. Your insurance will take care of you first, and then they will pursue the person at fault for the damages.
Cheap Maryland Auto Insurance Quotes
Cheap rates are available and can be found online. Because online quotes are free and easy to understand, you can easily compare the different policies and make an informed decision. Here are some things you can do to help lower your rates.
• Carrying a higher deductible will help you get a lower rate.
• Follow all traffic laws and drive defensively and safely. Drivers with no traffic violations or accidents enjoy lower rates.
• Combine you auto and home insurance with one company.
• Safety features and alarm systems can get you a discount, so be sure to tell your company of any that are on the car.
Maryland Auto Insurance Ratings
It can be hard deciding which company to go with. While price matters, so does the company’s financial strength and their customer service. The last thing you want is to be insured by a company that will use any excuse to avoid paying out a claim. Review ratings by impartial companies to help you make a decision. Information on the financial health of a company, their customer service, years in the business, and overall customer satisfaction are available through these ratings.
Maryland Auto Insurance Rates
The state of Maryland dictates what the minimum coverage amounts are for insurance, but the individual companies set the rate that you will be charged. Factors that affect rates include your age, gender and marital status. Your driving history, claims history and credit report will also have an impact on how high your rates are.
Maryland rates are higher than the national average of $1440. At an average of $1912, getting insurance in MD can prove to be expensive. Take the time to shop for quotes online so that you can save money and still enjoy great customer service. Choose a higher deductible so you can save money on rates, but don’t give in to the temptation to choose lower coverages. Proper coverage amounts are vital for protecting yourself, your family, and your property. Be sure to also ask about any discounts you may qualify for.
Maryland Auto Insurance Companies
Many companies are licensed to offer insurance in the state including Farmers, Allstate, Geico, Progressive, USAA, Travelers and Liberty Mutual. While these national companies offer excellent service and prices, you can also receive great coverage from local companies. Whichever company you choose, be sure that you take the time to review the company ratings and history with the Better Business Bureau.< p>
Liability insurance is required in the event that you cause an accident. However, this basic coverage will not pay to get your car fixed or cover your injuries. To protect yourself, your loved ones and your personal property you should invest in comprehensive coverage. Uninsured and underinsured motorist coverage is also necessary in case the person who causes the accident carries very low coverage amounts.