Liability insurance only pays for injuries and damages suffered by other people for whom you are responsible. By comparison, full-coverage policies cover both your liability and property damage to your own vehicle. If your car is leased or financed, the bank or car dealer may require you to purchase a full coverage policy. When finding the right car insurance policy for you, it's important to understand the different types of coverage and how much you need, even if you want liability insurance or full coverage.
Basic car insurance in Maryland indicates the minimum insurance requirements required by state law. If, instead, you're looking for a policy that balances quality with affordability, MoneyGeek also ranked Maryland's top auto insurance companies. Full coverage is required for a car loan or lease and covers damage you cause to other people, in addition to repairs to your car. Not obtaining insurance or showing proof of insurance can result in fines, penalties, and even jail time.
Liability insurance doesn't cover damage to your own car or injuries to yourself, only damage to other people for whom you are legally responsible. It'll be easier for you to get unlicensed car insurance if you include another driver with a valid license. Full-coverage car insurance includes the liability insurance required in your state, along with comprehensive and collision coverage, which protects your own vehicle from damage. If you want to lease a car in Maryland, it's crucial that you fully understand the terms of the lease in order to know your rental company's minimum insurance requirements, which often exceed the state's minimum insurance requirements.
Insurers use their own methods to calculate the value of a given used car, and you may not be able to assess the value of your car on your own. You can check if you have car insurance with full coverage by consulting the insurance statement page, also known as the description page. Here are answers to some of the most frequently asked questions about car insurance in this state. These prices are just estimates based on the rates of an average Maryland driver and should not be used to compare insurance prices.
Liability only car insurance will cover damage to other vehicles or injuries to other people when you drive.