Recent changes to the Maryland Automobile Insurance Fund (MAIF) now allow for residents of Maryland who find themselves unable to establish car insurance policies with traditional insurance providers to purchase MAIF insurance at reasonable rates using an online payment plan.
Previously, those purchasing MAIF were required to either pay in full up front or to establish a loan, along with additional interest costs, through an outside financier in order to pay their premium. This is a huge step for MAIF and it is hoped that it will encourage those who may be driving without insurance (due to the high costs) to utilize the payment plan program and establish an auto insurance policy which is mandatory in the state of Maryland.
Effective as of October 1, 2013, the new program has been well received already! The first customer went online hours after it was launched to establish a payment plan. It is estimated that drivers establishing a MAIF policy and using the new payment plan option will save at least $250 in costs associated with having to get a loan for their annual premium.
MAIF Insurance Online is the state’s top provider of MAIF insurance in the state of Maryland – knowledgeable representatives are ready to help you get back on the road with MAIF! Contact us at 301-476-4487 or online.
Driving without car insurance is illegal! Get MAIF!