Maryland Car Insurance – Auto Insurance Quotes in MD
Car insurance is one of the most important “financial products” a family will purchase. While some people see it only as a financial burden, it is important to remember that auto insurance has been put in place you’re your protection. It is also a legal obligation in many states and this is no different in the state of Maryland. It is for this reason that we have provided the information below on the various Maryland car insurance requirements, liabilities, laws and regulations.
Once you have a clear understanding of the type of car insurance plan, coverage and options you need, MyCarInsuranceRates.com can help you quickly find a cheap car insurance quote from a reputable auto insurance company.
Maryland Car Insurance Requirements
Anyone involved in an accident may or may not be pleased to know that a driver will always be found at fault in Maryland. This is known as the Tort system, and ensures that the auto insurance company of the driver at fault will be responsible for damages. Failure to comply with Maryland´s minimum auto insurance laws and regulations can result in a minimum $150 fine for the first 30 days of lapsed insurance and $7 for each additional day. There is also a $25 restoration fee for the vehicles registration. Because of this, Maryland drivers need liability insurance.
MyCarInsuranceRates.com offers several liability car insurance policy options for Maryland drivers, ranging from the minimum required auto insurance to fully comprehensive coverage. Choose from a basic insurance package or customize deductibles, liability limits, and coverage options to meet your needs.
Understanding Maryland Car Insurance Liabilities & Coverage
The state of Maryland mandates 30/60/15 coverage with a minimum bodily injury liability limit of $30,000 per injured person and a total of $60,000 per accident, including medical expenses. Any property damage must also be covered by at least $15,000 of coverage, which protects against public and private property repairs and claims. Maryland also requires personal injury protection (PIP) coverage of $2,500 to help pay for any “reasonable and necessary” medical expenses for you or any passengers.
Maryland Insurance Coverage:
- Bodily Injury Liability: $30,000/$60,000 Limit
- Property Damage Liability: $15,000 Limit
- Uninsured/Underinsured Motorist Bodily Injury: $30,000/$60,000 Limit
Another state requirement for Maryland drivers is uninsured/underinsured motorist insurance coverage in the amount of $30,000 per person, and $60,000 per car accident. Underinsured motorist protection can be applied if you are involved in an accident with a driver who does not have enough coverage to pay for the liabilities and damages.
Maryland Car Insurance Laws and Regulations
In Maryland, all vehicles on public roads must maintain proof of insurance. This certificate must remain with the vehicle at all times. The penalty for no proof of insurance carries a minimum fine of $150 and it can result in the suspension of your driver’s license and court fees. If false evidence of insurance is provided, there is a fine of up to $1,000 and up to 1 year in prison. Drivers may also lose their license plate and vehicle registration privileges or have their license plates confiscated by an authorized tag recovery agent during the suspension period. In addition, a 5 point driving violation on the driver’s license is given to any driver without insurance.
Average Maryland Car Insurance Rates
Auto insurance rates in Maryland have decreased recently, but they are still a little high compared to other states. The average Maryland auto insurance premium in 2010 was $175.92 per month or $2,111 per year. This means that the premium rate is higher than the national average of $128.17 per month or $1,538 per year. Because of this, it is important to shop around to find the most competitive car insurance premium rates available.
As it is, you may be paying too much right now. By entering your zip code at MyCarInsuranceRates.com, you can receive and compare multiple auto insurance quotes from the top car insurance companies nationwide.
Maryland Car Insurance Quotes
By making car insurance companies, such as Nationwide, Allstate, GEICO, Progressive, 21st Century Insurance, Liberty Mutual, State Farm, Farmers Insurance, AAA and AARP, compete for your business, MyCarInsuranceRates.com can provide the best rates available to get you cheap Maryland car insurance.
With premium rates dropping 8% in Maryland from 2009 to 2010, now is the perfect time to find new automobile insurance coverage. Through us, consumers can get quotes from best and affordable car insurance companies, compare rates and policies and consider switching or purchasing a new policy easily from their computer. Enter your zip code to begin free, instant car insurance quotes and get cheap rates.
