Maryland State Law requires that you have auto insurance for your vehicle. It protects you and your vehicle as well as other drivers on the road. At Maryland Auto Insurance we know that it can be a challenge to make those expensive monthly insurance payments. That’s why we offer convenient payment plans so that you can afford and keep the auto insurance needed to drive your car. It is true: auto insurance is expensive – but, it is not an expense to be spared.
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.
Maryland Auto Insurance Fund Payment Plans
Maryland Auto Insurance offers two payment plan options. We have agents eager to work with you to find a plan suitable for your driving needs.
For an annual premium less than $3,000, a down payment of 25% is required.
- The balance is paid in 6 monthly installments
- The first payment is due 60 days after the policy is established or you may opt to pay in 3 monthly installments with the first payment due 60 days after the policy is established with the remaining payments due every 60 days after.
For an annual premium of more than $3,000, a down payment of 20% is required.
- The balance is paid in 8 monthly installments.
- The first payment is due 45 days after the policy is established or you may opt to pay in 4 monthly installments with the first payment due 45 days after the policy is established with the 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. Maryland Auto Insurance will cover you, no matter what. Call a Maryland Auto Insurance Fund provider to discuss payment options that are right for you.