It is true, auto insurance is expensive – but, it is not an expense to be spared. Required by Maryland State law, auto insurance protects you and your vehicle, as well as other drivers on the road. If you have bad credit or a poor driving record and have been denied or dropped by other auto insurance companies, Maryland Auto Insurance Fund is here for you. Offering convenient payment plans, MAIF makes it possible for everyone to afford and keep the auto insurance they need.
Maryland Auto Insurance Fund Payment Plans
Here is a breakdown of two payment plan options offered by Maryland Auto Insurance Fund. A MAIF agent will be happy to work with you to find the right plan for your needs.
If your annual premium is: Less than $3,000
Then MAIF requires: 25% Down Payment
The Rest is Paid In Monthly Installments:
6 monthly installments: first payment due 60 days after the policy is established.
OR
3 monthly installments: first payment due 60 days after the policy is established, every remaining payments due every 60 days after.
If your annual premium is: $3,000 or More
Then MAIF requires: 20% Down Payment
The Rest is Paid In Monthly Installments:
8 monthly installments: first payment due 45 days after the policy is established.
OR
4 monthly installments: first payment due 45 days after the policy is established every remaining payments due every 45 days after .
To find out how MAIF Insurance can offer you down payments as low as 10% contact a Maryland Auto Insurance provider today.
Do not be discouraged by other auto insurance companies. MAIF will cover you, no matter what. Call a Maryland Auto Insurance Fund provider to discuss payment options that are right for you. Make sure you are covered with MAIF.