Maryland Automobile Insurance

Maryland laws for auto insurance require that all drivers’ to carry auto liability insurance which helps insure you against the cost of injury and damage you cause to someone else in an auto accident.

In Maryland you must carry a minimum liability coverage of 20/40/15 which translates into $20,000 per person for injuries you cause to the other party, to a total of $40,000 total, and $15,000 for any property damage you cause.  Although the minimum required by law is low we do recommend you carry enough liability to protect your personal financial interests.

You are also required to purchase uninsured and underinsured motorist coverage.  This coverage helps cover your expenses should you be in an accident with a driver that does not carry adequate liability insurance. 

In Maryland you must also carry a minimum of $2,500 in personal injury protection also referred to as PIP.  This coverage is designed to assist you with your medical expenses and lost wages no matter who was at fault in the accident.

If you carry a good health insurance policy you can waive this coverage through your auto insurance company, which will result in a lower premium.  However most health plans only cover medical expenses not lost wages.  As well your health plan will only cover you and will cover any injuries to your passengers.

You can also buy several auto insurance options such as collision and comprehensive.  The cost of these additional coverages will be determined by your driving record, the type of car you drive, and the deductible you choose.   Click Here to Save Money on Auto Insurance.

The premiums you will pay in Maryland auto are determined by the driving habits of all drivers in the state of Maryland.  The insurance company will take the cost of insuring drivers in the state as well as any accident, injury, and legal costs, then divide it by the number of drivers to reach the premium base. 

Not fair you say?  That’s right and the auto insurance industry recognizes that so they take the calculation one step further and break drivers into categories.

Your actual rates will be determined by how much a certain category of driver costs them.  The category you're in is determined by factors such as your age, your driving record, where you live, and the kind of car you drive.

Not all insurance companies use the same set of categories to determine their premiums, and that’s why it is so important to get Free Insurance Quotes online to make sure you are getting the best rate available to you.  Are you ready to save some money?