Car insurance in Maryland is expensive, but there are ways to find the right price and coverage for your vehicle. Getting a quote from several providers is a good way to compare prices and make sure you’re getting the best deal. In addition to comparing rates, you should also take advantage of discounts to save money. There are a variety of options to choose from, and taking the time to shop around for the best price can save you hundreds of dollars each year.
If you want to save on car insurance, you should consider taking out a liability-only policy. This is the cheapest option in Maryland, and it covers only liability for property damage and bodily injury. The only downside to a liability-only policy is that you’re responsible for any costs above your coverage limits.
For drivers in Maryland, the average annual cost of comprehensive and collision coverage is $187 and $442, respectively. These amounts are significantly higher than the national averages. However, there are some exceptions to this rule.
Insurance companies use different methods to calculate rates, which can vary from one company to another. A simple car insurance calculator can help you figure out what you’re paying each month, and determine what factors are driving those prices.
You’ll also need to enter some basic information into the calculator. This will include your age, credit score, and other factors. Those factors will be used to calculate your premium.
Your driving record is another factor that can affect your Maryland car insurance rate. You’ll get lower premiums if you have a clean driving record. Other factors that may raise your rate are past claims, speeding tickets, and moving violations.
You can also reduce your Maryland car insurance rate by using a pay-per-mile policy. Most insurance companies offer such a policy. Pay-per-mile policies allow you to receive a discount based on the number of miles you drive each month.
As with all states, you can find out how much your car insurance will cost in Maryland by requesting quotes from different providers. Using an online car insurance calculator is a great way to start, and it’ll show you the costs for different types of coverage, including full coverage, collision, and comprehensive.
If you’re looking for a more comprehensive insurance plan, you can add on additional coverages. Comprehensive insurance is usually required in Maryland, but you can opt out if you don’t want to. It will protect you if your car is damaged or stolen, and it will help you cover your medical expenses, regardless of who was at fault.
There are also discounts available to drivers, such as those for students, homeowners, and veterans. When you combine these options with the discounts you’re already receiving, the savings can add up quickly.
Choosing an insurer with an excellent customer service rating can also help you get the best rate. Check with the American Property Casualty Insurance Association (APCIA) for more information about insurers. Also, be sure to check your credit before committing to a policy. Poor credit can increase your car insurance premium by up to 2.1x.