Within Maryland state law all drivers must have 3 different types of automobile insurance. Each driver need to have liability insurance, uninsured motorist (UM) insurance along with personal injury protection (PIP) insurance policy. This increases the insurance prices. But it is quite possible to get a cheap car insurance in Maryland , in case you do what we recommend to you for.
If you are involved in an accident where you have been cited as being 'at fault', you are open to the injured party suing you for bodily injury or death, asking for funeral expenses to be covered. In Maryland the statute of limitations is 3 years for personal injury, including car accidents. The PIP will cover all involved in the accident, driver, passengers, and pedestrians. Coverage provided with such a policy in MD includes medical expenses, lost wages from the job, child care costs, and when necessary funeral costs.
Another advantage of having PIP is that if you are having difficulty resolving your claim with the other side's insurance company, this portion of Maryland car insurance can aid you by providing the resources to hire a lawyer to resolve your claim.
So, as you can see, there are good reasons to consider improving the protection of your peace of mind and personal assets with a PIP rider on your Maryland car insurance policy.
The state mandated minimum liability coverage every driver must invest in is $30, 000 of medical coverage for each person with $60, 000 every accident, and $15, 000 every accident for property damage. In the real world these minimum amounts may not cover the many damages ensuing from even a little accident, which could leave many drivers who’ve such insurance still owing additional money as the result of an incident.
Depending on your budget, and the assets that a great injured party could lay declare to, you may wish to take into account much greater coverage amounts not only for your liability insurance but for your uninsured motorist coverage as well as your injury protection coverage. Beyond just the state-mandated minimum insurance coverage, any vehicle that is financed will be asked to carry collision as well because comprehensive coverage.
Maryland Car Insurance Rates
Maryland car insurance rates average minimum prices are
Maryland Minimum Car Insurance Coverage : $871 - $1,018
Maryland Minimum Full Coverage Car Insurance : $1,580 - $1,752
Maryland Minimum Car Insurance Coverage for Young Drivers : $1,591 - $1,798
Maryland Minimum Full Coverage Car Insurance for Young Drivers : $2,347 - $2,569
Average car insurance Maryland per month : $72 - $214
Again, the amount of such coverage might be determined based on how much protection of your assets seems reasonable plus the replacement value of your automobile. Depending on the value of your vehicle and the number of protection you purchase, your motor vehicle premium could be quite higher.
Important Factors Influencing Car Insurance Rates in Maryland
|City Speed Limits||30 miles per hour|
|Freeway Speed Limits||70 mph|
|Blood Alcohol Limits||BAC is .08% . If a driver is younger than 21 max BAC is .02%|
|Open Container Law||Both the driver and passenger of vehicles are prohibited from possessing open alcohol.|
|Cell Phones Laws||Handheld Phones Banned While driving in Maryland. If you crash while talking or messaging, you can get up to 3 years in prison and up to $ 5,000 in fines.|
|License Suspension on DUI||There is no suspension of driving privileges on account of a first offense in sdministrative penalties.|
|License Suspension on DWI||On a first offense for DWI drivers license is suspended for 60 days|
Cheap Car Insurance Maryland
Car insurance is one of the major recurring expenses for all car owners. Depending on the type of car you have and the level of coverage you purchase, you might need to send anywhere from $700 to several thousands of dollars. Therefore, needless to say, while you want the most appropriate coverage for yourself, you would also like the most economical purchase for yourself as well. Here are some tips for purchasing cheap car insurance in Maryland:
- Firstly know the basic and minimum levels of coverage that you need in your state. Every state and jurisdiction in the country for minimum levels of car insurance. In Maryland it is a mandate for all motorists to carry a 3rd party liability insurance policy. This policy should cover at least $30,000 per person for 3rd party accidental bodily injury, $60,000 per accident, and $15,000 for 3rd party property damage. Maryland is a tort state. This means that whenever there is an auto accident one of the parties is decided to be the cause. This party needs to pay for any injury and property damage that he may have caused to a 3rd party in the accident. It is mandatory that you purchase these minimum levels of insurance if you own a car in Maryland.
- Over and above the basic minimum legal requirements, you can purchase coverage for personal accidental coverage which will pay for any medical bills you incur if involved in an accident as well as the repair bills for your car. You can also purchase life coverage within your car insurance policy which will pay a lump sum amount in the case of a fatal car accident. Needless to say the cost of your car insurance policy will depend largely on the amount of coverage you desire for personal medical and car repair. Therefore, this needs to be decided after a careful cost and benefit analysis.
- Apart from the 3rd party liability and the personal accident coverage, you can include a comprehensive coverage on your car insurance policy. This will cover the repair costs for damages to your car in non- accidental situations. Such situations may include damages due to fire, vandalism, floods, storm, and theft of the car. Although these two features are not mandated under the law, it is recommended that you purchase at least some amount of coverage for personal accident as well as comprehensive coverage as these costs may amount into very heavy expenditure in case of exigencies.
- While looking for cheap and cost effective car insurance policies, it is recommended that you carry out your search with patience. The car insurance market in Maryland is very competitive and there are numerous insurance providers who offer various products. Therefore, take advantage of this competition and apply for quotations with at least 4 to 5 different insurance providers. Then compare the costs as well as the benefits for each of these quotations and select the one which suits you the most. Remember to negotiate well before your insurance providers start underwriting your policy.