MARYLAND Auto Insurance

Minimum Coverage: Car insurance coverage in Maryland must provide minimum $20,000 or injury liability person in an accident, $40,000 for all injuries in an accident, and $15,000 for property damage in an accident. Of course, these are low minimums, and you should consider higher levels of coverage, particularly if you have assets to protect. Maryland insurance companies to offer optional coverage's such as medical payments, collision, comprehensive, and uninsured and underinsured motorists' bodily injury coverage.

You are required by law to have certain minimum level of coverage:

Mandatory Coverage	Minimum Requirement
Bodily Injury Liability (BI): When you are at fault in an accident, pays for accidental injury to or the death of another driver, the other driver's passengers, passengers in your car, and pedestrians.	$20,000 per person $40,000per accident
Bodily Injury Liability (BI): When you are at fault in an accident, pays for accidental injury to or the death of another driver, the other driver's passengers, passengers in your car, and pedestrians.	$15,000 per accident

Medical payments, PIP, and no-fault coverage

Medical payments (MedPay) coverage will pay for your and your passengers' medical expenses after an accident. Personal injury protection (PIP) and broader "no-fault" coverages are expanded forms of medical payments protection that may be required in your state. Some states have optional PIP or no-fault coverage. Expanded features include payments for lost wages and childcare.

State	DUI/ DWI	Young Driver Licensing	Safety belt usage	Motorcycle Helmet use	Red light Camera	Child Restraint Use
MD	Fair	Fair	Fair	Good	Good	Good

For some coverage, you can buy higher limits than the minimum required. Your insurance producer or company representative can provide complete details.

Maryland Auto Insurance Law

Maryland is a no fault state, which means that, in the event of an accident, your policy will pay for your (covered) injuries regardless of who was at fault. But in return, your ability to sue the other driver involved is limited to those cases where you or a passenger sustains "serious injuries".

The State law establishes the minimum level of liability coverage, consumers should consider higher purchasing more coverage. Maryland Car Insurance companies offer higher levels of coverage to protect consumers from expensive repair bills, medical bills and lawsuits.

 

 

Every owner or a car, bus, or truck must have insurance, without insurance, you cannot register your vehicle, and you must immediately surrender your registration and license plates to the county director of finance.

Mandatory Requirements:

Auto insurance is a legal requirement in most states and Maryland is not an exception. State laws typically say that as a driver, you either must have insurance, or be able to provide evidence that you have the financial resources to pay a judgment against you, if you are responsible for causing damage or injury to another person/property. An insurance policy is the easiest way to document that you can pay damages if you must. You also need auto insurance to protect yourself financially.

In accordance with Maryland auto insurance law, other acceptable documents to prove insurance include:

1.	A temporary insurance card issued by the insurer.
2.	A premium receipt or insurance binder issued by the motorist's insurance agent.
3.	The current declarations page of a liability insurance policy.
4.	The actual liability insurance policy issued for the vehicle.
5.	A certificate of liability insurance policy issued by either the insurer or an authorized agent.
6.	Proof of purchase of a motor vehicle with the previous 60 days and a valid insurance card issued for the motor vehicle replaced by such purchase. The proof of purchase is to be a copy of the bill of sale if the vehicle is a pre-1975 year model, or the owner's permit (yellow) copy of the application for certificate of title for a 1975 and subsequent year model vehicle.
7.	A copy of the rental agreement when renting a motor vehicle, which specifies the insurance coverage.

How Auto Insurance Rate Are Determined in Maryland

The price of Maryland auto insurance is decided by the behavior of the state's drivers as a whole. Maryland auto insurance companies take the cost of insuring Maryland drivers (this includes what they pay out for injury and damage, legal and administrative fees, and the cost of prosecuting insurance fraud) and divide it up among the drivers.

But these costs aren't spread around evenly. Instead, Maryland car insurance providers calculate how much a certain "category" of driver costs them, and decide premiums based on that. The "category" you're in is decided by your driving record, your age, where you live, and the kind of car you drive, among other things.

Of course, not all insurance companies use the same categories and calculations, so the same set of characteristics (yours!) will be seen very differently by different insurance companies. And they'll quote you different rates.