Shopping for Maryland car insurance can prove to be easy and quick once you know a few rules of the road. When it comes to finding the best auto policy, keep in mind a few key points and you will get the right coverage at a price you can afford. Finding the appropriate policy is simply a matter of figuring out what you need and where to find it.
Basic Legal Requirements
Marylands Motor Vehicle Administration oversees the state's motor vehicle laws. The Maryland Insurance Administration is an independent agency of the state that regulates the insurance industry. Both agencies help maintain the safety and security of Maryland residents.
Maryland law requires drivers to carry insurance offered by companies licensed to conduct business in the state. Three types of insurance are specified: liability, uninsured motorist coverage, and personal injury protection or PIP. All cars registered in Maryland must have accompanying insurance. Being financially responsible is not enough. The proof of such responsibility must be demonstrated by holding an active insurance policy.
Liability coverage pays the other party injured in an accident you have caused. It covers personal injury or death, as well as property damage. Uninsured motorist coverage protects you in the event you suffer damages in an accident caused by a driver without insurance. PIP provides medical, hospital and disability benefits for people in your car. You can select full PIP or a limited version that costs less and may be adequate if you already have a good health care plan in place.
The Specifics of Maryland Car Insurance
For private passenger vehicles, Maryland requires minimum liability coverage of $20,000 for bodily injury per person, $40,000 for bodily injury of two or more people, and $15,000 for property damage.
Requirements for uninsured motorist coverage match the money amounts of regular liability. For Personal Injury Protection, Maryland requires $2,500 of PIP to cover your passengers in case of accident. Bear in mind that these are the minimum requirements. You may want to consider carrying higher amounts for your protection.
Where to Look
The Internet has made many types of comparison shopping much easier. When it comes to buying auto insurance, you can start your research online. Many websites offer comparative, binding quotes. You answer some basic questions about your insurance needs, and then wait a brief time to receive quotes from companies with policies that match what you are seeking. You can decide to buy one of these policies or seek more options through local insurance agents. Many people prefer to speak to an agent directly so that they can clear up any questions they have. Whichever way you seek your Maryland car insurance, be frank with the company or agent, and you will find the best policy for your needs at the right price for your budget.