Did you know that all Maryland drivers are required to carry a minimum amount of auto insurance? If your car is registered in Maryland, or you’re driving a car registered in Maryland, you need to meet the minimum insurance requirement. Driving while uninsured can increase your out-of-pocket costs for accidents. More than that, you can face fines and legal complications. Making sure you have the right amount of insurance is crucial to help protect you financially while driving.
What Are Maryland’s Minimum Insurance Requirements?
In Maryland, the minimum insurance requirement is $30,000 per person or $60,000 per accident in coverage for bodily injury. Your plan must also include a minimum of $15,000 per accident for property damage coverage. While these are just the minimum requirements, it’s often a good idea to have additional coverage. The more insurance you have, the more secure you can be after an accident. While higher premiums can seem daunting, it’s often worth the payout to avoid heavy medical or repair shop costs.
Additional Coverage Options
If you meet the minimum auto insurance requirements already, it may be a good idea to look into additional insurance options. A common coverage option is uninsured motorist coverage. If you get into an accident and the at-fault driver doesn’t have insurance, this coverage could help you still get payment.
A comprehensive coverage plan can also be a great option for protecting your car from non-driving accidents. For example, if your car is stolen or suffers damage from a storm, you could still get coverage. Discussing your insurance options with an MAIF provider can help ensure you are financially secure.
What Happens if You Don’t Have Auto Insurance?
If you fail to meet the minimum requirements for auto insurance, you can face some hefty penalties. Outside of having to pay for an accident out-of-pocket, you could also end up in trouble with the law. Even if you don’t get into an accident, you can face fines and penalties for driving uninsured. You may even lose your vehicle registration and license plates. Not only does this mean being unable to drive, but it also means paying additional fees to reinstate your vehicle once you have proof of insurance. It’s crucial to always carry your insurance information in your car or wallet to avoid any potential complications.
Where to Get Maryland Auto Insurance
Getting the right insurance for the right price isn’t always easy. Insurance companies have the right to turn down applications or drop clients for many reasons. They may not take the risk on a driver who is considered high-risk. MAIF auto insurance helps ensure that all Maryland drivers are properly insured. Contact your local MAIF provider today to learn about your insurance policy options.