Finding auto insurance coverage can be tricky if you have a poor driving record or previous policy cancelations. However, the MAIF auto insurance provider ensures that nearly every Maryland driver can get the coverage they need. Roadway Auto, your MAIF auto insurance provider in Bethesda, MD, serves drivers in Maryland who cannot obtain auto insurance from traditional insurance companies.
MAIF car insurance rates will likely be higher than standard Maryland auto insurance policies. However, they provide a vital pathway for high-risk drivers to maintain legal coverage and eventually qualify for better rates.
Learn More about the MAIF Insurance Basics
Maryland Auto Insurance stands as a steadfast solution for Maryland drivers who cannot secure traditional auto insurance coverage. We understand that Maryland has strict insurance requirements and are here to help you.
To qualify for coverage, you must be a Maryland resident with a valid state license or registration and prove that at least two private insurers have denied you coverage. Also, drivers who have had their insurance canceled for reasons other than non-payment qualify for My MD Auto coverage.
Maryland Auto Insurance is not just for high-risk drivers. About 60% of MAIF policyholders maintain clean driving records with one or no points on their licenses. The fund serves as a solution to help drivers maintain legal coverage until they become eligible for standard market insurance.
What Does the Maryland Auto Insurance Fund Offer?
Your MAIF auto insurance provider in Bethesda, MD, will help you maintain the minimum coverage requirements in this state. We will help you obtain and carry liability limits of $30,000 per person for bodily injury, $60,000 per accident, and $15,000 for property damage. If you fail to maintain continuous coverage in Maryland, you can be hit with a $150 fine for the first 30 days and $7 daily thereafter.
How Do I Obtain Maryland Auto Insurance?
First, gather your driver’s license and vehicle information and details about other drivers in your household. You must show proof that you were denied coverage by at least two traditional insurance companies, such as a denial letter. Bring them to your MAIF auto insurance provider in Bethesda, MD. An agent will begin working on your MAIF quote.
A few factors will decide your insurance premium cost. Your location, vehicle type, and selected coverage amount directly impact your rates. Also, we will consider the following:
- Vehicle year and loan status
- Current residence location
- Required coverage levels
- Driving history and record
Once we figure out the best plan for you, we can set up flexible MAIF payment plan to fit your budget.
You can save 8% off your yearly insurance cost by paying the premium in full upfront. As a result, many drivers choose this option for maximum savings. For those who prefer spreading payments, MAIF provides installment plans with initial down payments.
To secure the most competitive rates, maintain a clean driving record and continuous coverage. Also, you might consider adjusting your deductibles or selecting Maryland minimum coverages to reduce premium costs. Your MAIF agent can explain these options in detail and help you make the right decisions about your coverage.
To receive your FREE My MD Auto insurance quote online, see Get A Free MAIF Quote.