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Maryland Car Insurance

Are you searching for an affordable Maryland car insurance policy? In 2005, Maryland was ranked number 14 in the country for the states with the highest auto insurance premiums. This means that only 13 states have higher average auto insurance premiums than Maryland, with Maryland’s average car insurance premium at this time being around $1036.

If you live in Maryland, you may have experienced that searching for affordable car insurance is not always easy. The first step to finding affordable MD car insurance is by comparison shopping.

Use our free MD car insurance quote finder now to easily compare rates from Maryland’s top auto insurance companies. Find the cheap Maryland car insurance policy you need today!

Buying Maryland Car Insurance

The state of Maryland has specific minimum requirements that each Maryland driver’s insurance policy must meet. The MD minimum car insurance requirements are:

  • $20,000 bodily injury liability per person
  • $40,000 bodily injury liability per accident
  • $15,000 property damage liability
  • $2,500 personal injury protection (unless included in your medical insurance policy)
  • $20,000 uninsured motorists bodily injury coverage per person
  • $40,000 uninsured motorists bodily injury coverage per accident
  • $15,000 uninsured motorists property damage coverage

While your Maryland auto insurance policy must have this amount of coverage to satisfy the state law requirements, remember that this is only the minimum amount of coverage needed and you may need more coverage depending on your situation.

With all of these requirements, many consumers find it a challenge to get cheap car insurance in Maryland. Despite the hurdles, there are some proven strategies to save you money.

Maryland Automobile Insurance Fund (MAIF)

This fund was created by the Maryland state legislature so that residents of MD who could not obtain auto insurance through a private insurance company could still obtain auto insurance liability coverage.

However, MAIF is not a state funded program and is independent of the state of Maryland. If you cannot obtain auto insurance in Maryland through a private insurance company than the MAIF may be the best choice for you.

Lowering Your MD Car Insurance Rates

Even though Maryland is home to some of the highest auto insurance rates in the nation, there are still a few ways that Maryland residents can lower their auto insurance rates.

One way to find lower MD car insurance rates is by looking for discounts. Many auto insurance companies offer discounts and they can be a great way to save money. Check with your current MD car insurance provider or look around to see which discounts other insurance companies are offering.

Another way to lower your MD car insurance premiums (your insurance payment) is by choosing a higher deductible (what you pay if you need to use your insurance policy before your insurance actually kicks in).  Auto insurance policies with higher deductibles are accompanied by lower premiums. Remember that you will have to pay the deductible if you ever need to use your insurance policy.

One of the best ways to save money on Maryland car insurance is by shopping around and comparing quotes from multiple MD car insurance companies. Many people mistakenly believe that auto insurance rates are fixed by the state, so each company will offer the same rates for the same coverage. However, each MD auto insurance company determines the rates they assign you. Maryland auto insurance rates are not set by the state, so shopping around is the only way to find the absolute best rates.

Find An Affordable MD Car Insurance Policy Today!

Use our free Maryland car insurance quote finder to compare Maryland auto insurance rates right now!

Shopping for Maryland car insurance has never been easier. Compare rates from top MD car insurance companies now to see where the most affordable rates for you are.

Find an affordable MD car insurance policy today!

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Compare Quotes from Top Companies and Save

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