As with all the states, Maryland auto insurance is mandatory for everyone who owns a car. Residents in the state must have a minimum of $30,000 with a maximum of $60,000 per accident in bodily liability insurance. It is also required that they carry at least $15,000 in property damage liability and a minimum of $2500 in personal injury protection. Drivers should also have at least $30,000 with a maximum of $60,000 in the event of an accident with an uninsured or underinsured motorist for bodily injury as well as $15,000 in property damage with an uninsured driver.
Under the tort system, one driver has to be found at fault for the accident. This person and his or her insurance company are then responsible for paying all the damages, the minimum amount of these policies usually only pay for medical expenses for the driver and passengers. Many people decide to get additional coverage beyond the minimum requirements to include collision and comprehensive coverage in case of damage to a vehicle due to acts of nature or vandalism as well as theft.
There are many ways to get cheaper rates for Maryland auto insurance under the right circumstances. For instance, safe drivers may not have to pay as much for their insurance as those who have points against them. Many insurance carriers offer discounts to those who have had no accidents or traffic violations over a period of time. Some may even have defensive driver programs that can merit lower rates on insurance premiums. Even teen drivers, who are notoriously difficult to insure, can get lower rates on insurance if they are good students.
The type of car one drives can also affect the rates one pays for insurance. Cars that less likely to be stolen merit lower rates than those that are attractive to these. Sensible cars rather than sports cars, classic cars or other specially made vehicles are also more likely to get lower rates for their owners. Having good safety features such as airbags, antilock brakes and day lights will help lower rates. Antitheft measures such as car alarms and locking steering wheels will help one get lower premiums as well.
Since Maryland auto insurance is mandatory for all vehicle owners within the state, it is important to find out how to get the best rates on insurance premiums and deductibles. Not having coverage can result in stiff penalties for drivers including suspension of the license. There may also be fines and the possible loss of the vehicle in some cases. However, looking at every possibility for discounts can ease some of the stress of finding a suitable policy that will cover all of one’s car insurance needs.