The Maryland Auto Insurance Fund (MAIF) is a state fund that offers auto insurance to residents in Maryland. Unlike private car insurance companies, MAIF provides car insurance for people who cannot secure auto insurance the traditional way. In 1973, this fund was created to replace the Maryland Automobile Insurance Plan and the Unsatisfied Claim and Judgment Fund. We are a MAIF auto insurance provider in Germantown, MD that can give you access to proper coverage so you can drive again.
MAIF is For Residents in Germantown, MD
MAIF, or My MD Auto, aims to ensure that drivers can access auto insurance even if they do not qualify for traditional auto insurance through a private entity. This is a last-resort option for high-risk drivers. Maryland requires that all drivers carry a minimum liability insurance.
Eligibility Criteria for MAIF Insurance
To qualify for MAIF insurance in Maryland, you must meet the following eligibility criteria:
Residency and Licensing Requirements: To qualify, you must reside in Maryland and be a licensed driver or have a current Maryland vehicle registration.
Inability to Obtain Private Insurance: To be eligible for MAIF, you must be unable to get auto insurance through two or more private insurance providers. Reasons you may not be able to get auto insurance include having a bad driving record due to several offenses, having been in many auto accidents, or being considered a high-risk driver.
Regardless of your driving record or number of offenses, you can attain auto insurance through MAIF. However, please note that being rejected due to nonpayment of premiums does not make you eligible for MAIF.
Additionally, you must save all your notices of rejection. When you apply, our MAIF auto insurance provider in Germantown, MD will ask for your rejection letters as proof that at least two private insurance carriers dropped you. Our team will conduct a background check to confirm your eligibility.
MAIF Auto Insurance Provider Offers the Minimum Requirements and Additional Coverage Options
To legally operate a vehicle in Maryland, you must have car insurance that meets the state’s minimum coverage provisions. Sometimes, your lender or leasing company will require more than the minimum, including collision and comprehensive coverage. You must understand what type of coverage you need other than the minimum. This will ensure you always have proper coverage in the state of Maryland.
Here are the minimum requirements and other key coverage options:
Liability Insurance
Obtaining liability insurance is the minimum mandatory coverage required in Maryland. It covers bodily injury and property damage you cause to others during a car wreck. However, it does not cover damages to your vehicle or injuries to yourself.
- Bodily Injury: $30,000 per person / $60,000 per accident
- Property Damage: $15,000 per accident
Uninsured Motorist Coverage
In Maryland, all drivers must hold uninsured motorist coverage to safeguard themselves if they get into a car wreck with a driver who does not have the proper insurance. The basic requirements for uninsured motorist coverage are identical to the liability insurance limits previously stated.
Personal Injury Protection (PIP)
PIP is optional in Maryland but offers valuable coverage. Personal injury protection will cover the medical expenses and lost income for you and your passengers if an accident occurs. It does not matter who is at fault. It covers $2,500 per person.
Collision
Collision coverage covers you in the event there is damage to your car from a wreck with another vehicle or object.
Comprehensive Damage from Non-collision Events
Comprehensive damage covers you and your car during events other than a car wreck, such as theft, fire, vandalism, and weather.
Get a FREE Quote for MAIF
The Maryland Auto Insurance Fund (MAIF) plays a crucial role in ensuring that all drivers in the state have access to auto insurance coverage, regardless of their driving history or risk factors.
We are a MAIF auto insurance provider in Germantown, MD that will help you attain safer and better coverage. To receive your FREE My MD Auto insurance quote online, see Get A Free MAIF Quote.