Driving without valid auto insurance in Maryland is illegal. The state requires all drivers to possess at least $30,000 of bodily injury liability per person and $15,000 of property damage liability coverage as well as uninsured motorist coverage; additionally it’s wise to have roadside assistance and guaranteed asset protection (GAP).
Bankrate’s analysis highlights how these elements impact your rate and provides unexpected strategies to save money.
Use our Maryland car insurance calculator to quickly calculate how much different coverage amounts and deductibles cost you, so you can select a plan tailored specifically to you. Just enter your information, and sample rates for various vehicles and driver scenarios will appear before making your choice.
Drivers with unblemished records typically pay lower auto insurance premiums, and DUI or serious infractions such as speeding tickets can increase rates by 85 percent – so maintaining an excellent driving history to receive the most advantageous insurance premiums for your situation.
Age can have a dramatic impact on Maryland car insurance premiums. Teenagers and young adults tend to pay more due to higher crash rates among this age group according to the Insurance Institute for Highway Safety.
Location should also play an integral part in comparing Maryland car insurance rates. Crime, weather and population density all have an effect on how much your premium costs – for instance drivers in urban areas usually pay more for coverage than drivers living in suburban or rural settings.
Your credit score plays an integral part in determining Maryland car insurance rates. Studies estimate that drivers with excellent credit could save as much as 7 percent when compared to drivers with average or poor credit, though actual savings will depend on other factors like bundling policies such as home or life.
Are You Ready to Compare Maryland Car Insurance Quotes Online? Enter Your ZIP Code Above! Our convenient online tool takes only minutes and lets you easily compare quotes from top carriers in Maryland. Also learn about discounts such as good student, military/homeowner discounts, safe driving discounts and paperless billing discounts that may apply in Maryland. No one-size-fits-all approach exists when it comes to finding Maryland’s ideal auto policy but by taking an informed approach and comparing quotes you can find something tailored exactly to meet your needs at an attractive cost.