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Mandatory Auto Insurance Requirements In Maryland
If reside in Maryland, you are legally required to carry automobile insurance to satisfy state mandated financially responsibility laws. Drivers who are convicted of driving without insurance could face serious punishments including the suspension of their driving privilege, the suspension of their vehicle registration, fines,[link widoczny dla zalogowanych], and jail time for multiple offenders. If you are driving without insurance, or you are in the process of buying a new vehicle, it is important to obtain insurance before you take your next drive. Educate yourself on auto insurance Westminster laws to know what coverages and limits are required by the state and what coverage options are optional. By comparing coverage options and limits from several reputable insurers in your area, you can satisfy state financial responsibility laws without breaking the bank.
Liability Insurance Requirements
Like all states, Maryland requires drivers to carry liability insurance in the event they are found at fault for injuries or damages caused to a third party. This third party coverage is made up of Bodily Injury and Property Damage coverage. While the minimum limits of liability coverage vary significantly from state to state, Maryland requires no less than the following: $20,[link widoczny dla zalogowanych], 000 per person/ $40,[link widoczny dla zalogowanych], 000 per accident for Bodily Injury and $15, 000 for Property Damage. While these limits will satisfy the state, it is important for drivers to quote higher limits to protect their assets in the event injuries or damage exceeds the total coverage provided by the basic auto insurance Westminster policy.
Uninsured Motorist Requirements
While state law as previously mentioned requires auto insurance, there will always be violators of this law. In order to protect those who follow the law, the state of Maryland also requires drivers to carry Uninsured Motorist Coverage. By requiring uninsured motorist coverage,[link widoczny dla zalogowanych], drivers have the peace of mind that if they are involved in an accident with an uninsured driver, their injuries and damages will be covered by their own insurance policy. While the state minimum limits for Uninsured Motorist coverage is the same as the Liability requirements, drivers can carry higher limits that do not exceed their liability coverage limits on their existing policy.
Personal Injury Protection
Maryland also requires drivers to carry Personal Injury Protection coverage that is designed to provide coverage to you and your passengers if you are injured and unable to work. If you are left temporarily disabled, your coverage will pay you a monthly benefit while you are out of work. While the state only requires $2500 of coverage, insureds can elect to carry higher limits in return for higher premiums.
While all of the coverage options and limits listed above will satisfy the financial responsibility laws set in Maryland, it is important to review your options and build a comprehensive insurance package that provides you with adequate coverage. Compare premiums and coverage limits and take a proactive step to protecting your financial future.
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