All Maryland vehicles MUST be insured at ALL times by a vehicle insurance company licensed in Maryland. Whether you're driving along Charles Street or enjoying the views of the Blue Crab Scenic Byway, take out reliable auto insurance in Maryland that gives you peace of mind. Car insurance costs can vary depending on several factors, such as your driving history, zip code, and the limits and coverages you choose. In fact, the Insurance Information Institute estimates that 14.1% of Maryland drivers are uninsured.
When buying car insurance in Maryland, keep in mind that your state's minimum coverage requirements are, in fact, minimal coverage. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation, or exclusion that is expressly stated in any insurance policy. However, the Maryland Insurance Administration points out that most companies take out much higher coverage limits to ensure that they are protected. Car insurance is a contractual agreement between you and the insurance company you choose after you compare prices.
Learn more about Maryland's car insurance requirements, the optional coverages you should consider, and the savings discounts you could get. You can still find affordable car insurance, but you might have to search for “non-standard car insurance” or “high-risk car insurance.” You should cancel your car's full coverage insurance when the cost of the insurance is equal to or greater than the potential payment, in the event of a covered event. In addition to the population and the number of uninsured drivers, other factors that affect car insurance costs include state laws, crime rates, and special weather hazards. Minimum insurance limits are the minimum dollar amount you can buy for a given coverage, and they still meet state insurance requirements.
For example, it might not be worth doing expensive repairs to an old car with high mileage, and you might want to save up to buy a new car instead of paying for additional insurance. State laws govern how much insurance coverage drivers must have, and no-fault laws affect insurers' risks.