You must have automobile insurance in order to drive an automobile in Maryland. Your license plates and registration can be confiscated if you are caught driving your car on Maryland’s public roads without insurance. Until you prove you have the necessary insurance coverage, no new plates or registration will be issued. You could also be subject to additional penalties by the courts.
It doesn’t make sense to try to drive a car in Maryland without insurance.
Maryland auto insurance does not need to be expensive for all drivers. There are many things you can do in order to keep your rates as low and affordable as possible.
Keep a clean driving record. Your automobile insurance rates will rise if you are convicted of speeding or drunk driving. Your monthly premiums will rise sharply due to accidents, particularly if they are your fault. These premiums are likely to remain high for many years. It is not a good idea to change insurance companies. Your records are accessible to all automobile insurers.
You should be aware that auto insurance can be very expensive if you’re younger than 25. If you’re still in school, and want to keep your rates low, then you should continue school and work hard. Most insurance companies will offer a 5% discount for students who have average grades of “B” and better. This is called a “Good Student Discount”.
You may have noticed an increase in your automobile insurance rates if you are over 55. However, they don’t need to stay high. Ask your agent if your company offers a discount to seniors who have completed a refresher driver’s course. Qualifying seniors may be eligible for a 10% discount on their monthly premium.
You might cancel your comprehensive and collision coverage if you own an older car with low or no trade-in value. Your insurance will not pay for your car’s repair or replacement if it is involved in an accident. However, if your car was little more than its Kelly Blue Book value prior to the accident, your insurance company will not pay anything. This means that you are likely to save money and lose nothing.
To lower your auto insurance rates, one of the best things you can do is to raise your deductible. The deductible is the amount you will have to pay out of pocket in case you need it. Your insurance company will reduce your monthly premiums because you will have to pay a portion for each claim.
It’s now time to go online to compare auto insurance prices and policies at different insurance companies. You can take the time to fill out the information on at least three different comparison websites. This will ensure that you have compared all the insurance companies that offer automobile insurance in Maryland.
All this to say, you have control over how much Maryland auto insurance costs.