Car Insurance Requirements in Maryland
In the state of Maryland, every driver must carry bodily injury liability insurance. Bodily liability insurance offers coverage in the event that you hurt someone during the accident. If the other party is injured, your bodily liability insurance will offer coverage for the medical cost of the physical injury. The drivers and passengers will be entitled to received compensation from the bodily liability insurance. Maryland has a minimum requirement of $20,000/$40,000 for bodily liability insurance.
In addition, every Maryland driver must own property damage liability insurance. Property damages liability offers coverage for the damages of property that are involved in the accident. It offers compensation for the labor and part costs. The insurance company will also pay for the valuable replacement parts in the car. Unless you have enough fund, you need to invest in a property liability insurance. Maryland has a minimum requirement of $15,000 for property damage liability insurance. Most insurance company offers a property damage liability insurance has a coverage of $50,000.
Maryland also requires drivers to carry an uninsured motorist bodily injury insurance. Uninsured motorist bodily injury insurance will offers coverage in the event that your car collided with an uninsured driver. Since the driver is uninsured, your uninsured motorist bodily injury insurance will offers compensation for the medical costs of the physical injuries that happened during the accident. Maryland has a minimum requirement of $20,000/$40,000 for uninsured motorist bodily injury. Most of the uninsured motorist bodily injury insurance at the insurance companies offers coverage of $100,000/$300,000.
Personal Injury Protection (PIP) is not required. It offers coverage for medical bills, salaries, and burial costs.
Both collision and comprehensive car insurance are not requirements for Maryland residents. However, it is recommended that you obtain the collision and comprehensive car insurance for your vehicles. The collision and comprehensive car insurance will increase the protection of your vehicles. The purpose of liability insurance is to offer compensation for the party that is not responsible for the accident. The party who initiates the accident will have to pay for its own damage costs including car repairs, and medical bills. Most of the collision insurance at the insurance companies offers $250 deductible.
Comprehensive coverage offers compensation for the total repair costs provided the repair costs did not exceed the blue book value of the vehicle. Comprehensive coverage is suitable for vehicles that collide into a stationary object. For example, if you accidently drive into the guard rail, you will be entitled for a comprehensive coverage.
Before making a purchase, you must check your medical insurance to see what and how much it covers. To save money, you should compare the insurance quotes between different companies. If you are willing to do some research, you will surely come across a company that offers affordable car insurance. Insurance companies often offer discount in car insurance premium for customers who have stayed with. The longer you stay with them, the higher the discount you will be awarded.
Maryland Department of Insurance
- 525 St. Paul Place
- Baltimore, MD 21202
- Phone: (410) 468-2000
Maryland Department of Transportation
- 7201 Corporate Center Drive
- Hanover, Maryland 21076
- Phone: (888) 713-1414
- Fax: (410) 865-1338
Maryland Motor of Vehicle
- 6601 Ritchie Highway, N.E.
- Glen Burnie, MD 21062
- Phone: (800) 950-1MVA