Choosing a car insurance premium can become overwhelming. Drivers often feel confused when trying to decide on a premium based on their needs and budget.
It is important to realize that there are many factors that come into play when insurance companies provide a quote for a new policy. Age, location, type of vehicle, and previous driving record all play a role in determining the cost of your annual premium. For a complete list of factors that impact insurance rates, refer to our 2015 Rate Comparison Guide.
The state of Maryland requires all drivers to meet minimum insurance coverage of 30/15/60: $30,000 for bodily injury per person, $60,000 for bodily injury for two or more people and $15,000 for property damage. If you are unable to obtain auto insurance on the private market, you can still receive a policy from the Maryland Auto Insurance Fund (MAIF). MAIF was established in 1972 to provide drivers who live in the state of Maryland with the insurance coverage required by the state regardless of previous driving history.
MAIF also offers drivers installment plans that allow for payment of their annual premiums to be spread out after making an initial down payment of 20-25%, depending on the premium amount. Our payment plan options are based on your annual premium and the number of installments will vary from driver to driver. We also offer a 5% discount for customers who choose to pay in full.
Auto insurance is a must and MAIF payment plans allow you to afford your coverage. Our experienced providers can explain your insurance quote and payment plan options in great detail.
We make it easy to obtain affordable car insurance. Shop online, by phone, or in person at one of our many convenient locations to get your insurance quote established and set up your payment plan today!