For several years now, Maryland has been one of the most expensive states in the country to buy auto insurance. While there is no doubt that locating low cost car insurance in Maryland (MD) is a challenge, savvy consumers who spend the time can find it. We’ll provide some tips on how to find a great policy at a great rate.
If you drive in Maryland you must maintain the state minimum in liability coverage which includes $20,000 per injured person and $40,000 per accident of bodily injury liability. On top of that, drivers must also maintain policies with a least $15,000 in property damage liability. One unique twist in Maryland’s auto insurance requirements is that the state also mandates that drivers carry at least $2,500 in personal injury protection. With all of these requirements, locating low cost car insurance in Maryland is not easy.
You must file an FR-19 insurance certificate with the Maryland Motor Vehicle Administration whenever you register a new car or renew your existing registration. FR-19 is usually provided by your carrier, and it states that the driver will maintain the state’s minimum liability levels at all times.
If you drive in the state of Maryland you must carry a valid and up-to-date insurance card in your vehicle all the time. Driving without insurance is a serious infraction, and you can face severe fines. While finding low cost car insurance in Maryland can be difficult, the answer is definitely not to drive without coverage. If you are caught without insurance, you could lose your license and face steep penalties. Even worse, you will be held fully liable for paying any medical or property damage expenses you may have caused in an accident. This can be financially disastrous, so be sure to always keep your policy up to date.
What Residents Pay on Average in MD
Maryland residents pay, on average, more than $500 over the national average for car insurance. The state’s average premium in 2022 is $ 1,931. The national average is just $1,743. To make matters worse, insurance rates in Maryland are on the rise. The average premium paid by Marylanders increased 15% between 2020 and 2021. With rates climbing, there is no better time to get low cost car insurance in Maryland than right now. Why wait and just watch rates get even higher than they are now?
Those who live in the urbanized areas of the state, such as Baltimore, will pay the highest premiums. Cities mean more cars on the road and a higher likelihood of a crash, resulting in expensive insurance claims. As a result, insurance carriers build in higher rates for city drivers. In contrast, those living in rural counties will find it much easier to buy low cost car insurance in Maryland, as fewer cars on the road generally lead to fewer costly accidents.
Looking for Low Cost Quotes
If you’re looking for low cost quotes for car insurance in Maryland, the best single step you can take is to review quotes from multiple carriers. Dozens of insurers want your business, so let them compete to offer you the lowest rate possible.
Comparing rates instantly is easy through Insurance on the spot. Just enter your zip code, and you will be linked to the best discount insurers in Maryland. Just click on one or more of the companies presented to compare rates quickly and easily. Start saving today.