You must have auto insurance if you plan to drive on Maryland’s public roads. It is dangerous to drive without Maryland automobile insurance. You can have your license plates confiscated and your registration can be revoked. There could also be fines.
Maryland law requires you to have liability insurance, uninsured driver (UM) insurance, and personal injury protection (PIP). You may need additional insurance depending on the vehicle’s value and whether your vehicle is being financed.
You don’t have to purchase insurance from one provider. You can now get affordable auto insurance online.
Let’s first look at some ways you can keep your insurance rates down, regardless of which insurance company you choose.
You control what you drive. You can control your rates if you drive safely and follow the laws. Your automobile insurance premiums can skyrocket if you speed or get a ticket for speeding. You can also expect to pay significantly higher insurance rates for many years if you are convicted in drunken driving or driving under the influence. Never drive while impaired or speeding.
Young drivers fall under a high risk category and are required to pay a higher premium. Your rates will be lower if your parents are still covering you. No matter if your parents are still with you or you are on your own, you can get a Good Student Discount. This will help to reduce your monthly premiums by about 5%.
If they successfully complete a remedial driver’s course, older drivers (55 and over) may be eligible for a 10% reduction in monthly premiums. Ask your agent if your insurance company offers this program.
You should drop any collision or comprehensive coverage if your car is old or has little value. Your premiums will be lower if you drop both comprehensive and collision coverage. This will also make automobile insurance more affordable. However, if you file a claim, your car will not be repaired once you have dropped comprehensive or collision. It is possible that your insurer would not repair your car if you continue to pay for collision and comprehensive coverage, depending on your vehicle’s age.
You should not increase your deductible. You can increase your deductible by increasing the amount you have to pay out-of-pocket if you are involved in a claim. Your monthly premiums will drop if your deductible is higher than your insurance company.
Once you’ve created an affordable auto insurance policy you can afford, it’s time to go online and compare the costs of different insurance companies. Unfortunately, you won’t be able to cover every insurance company. You will have to fill out the forms on at least two and preferably three different comparison websites.
Although it can be time-consuming to compare insurance policies on multiple websites, the end result will ensure that you get the best automobile insurance available in Maryland.