What does bodily injury liability coverage mean?

Bodily injury liability coverage provides financial protection if you are at fault in an accident and cause injury or death to someone else. It helps cover their medical expenses, lost wages, and legal fees.

What does property damage liability coverage mean?

Property damage liability coverage pays for damage you cause to someone else’s property, such as their vehicle or other structures, in an accident for which you are at fault.

Are the minimum liability limits in Maryland sufficient?

The minimum liability limits set by Maryland law are the legal minimum requirements. However, it’s important to note that these limits may not be sufficient to fully protect your assets in the event of a serious accident. It is generally recommended to consider higher liability limits and additional coverage options for greater financial protection.

Are there any other types of auto insurance coverage required in Maryland?

Yes, in addition to the liability coverage mentioned above, Maryland law also requires uninsured motorist coverage and personal injury protection (PIP). Uninsured motorist coverage helps protect you if you are involved in an accident with an uninsured or hit-and-run driver. PIP coverage provides medical expenses and lost wages coverage for you and your passengers, regardless of fault.

Are there any penalties for not having auto insurance in Maryland?

Yes, driving without insurance in Maryland is illegal. If caught, you may face penalties, including fines, license suspension, and the requirement to carry SR-22 insurance, which is a form that verifies your insurance coverage.

Can I use alternatives to auto insurance to meet the minimum requirements in Maryland?

No, Maryland does not allow alternatives to auto insurance to fulfill the minimum requirements. You must have valid auto insurance coverage that meets the state’s requirements.

Should I consider additional coverage options beyond the minimum requirements?

Yes, it is often a good idea to consider additional coverage options beyond the minimum requirements. This can provide you with more comprehensive protection in case of accidents, theft, or other unforeseen events. Additional coverage options may include collision coverage, comprehensive coverage, and higher liability limits.

How can I find affordable auto insurance in Maryland?

To find affordable auto insurance in Maryland, it is recommended to compare quotes from multiple insurance providers. You can contact different insurance companies directly or use online comparison tools to gather quotes and evaluate the coverage options available to you. Additionally, maintaining a clean driving record and considering higher deductibles can often help lower your insurance premiums.

Maryland | AutoInsurance.org

Maryland Minimum Auto Insurance Requirements (2024)

We are here to help you understand auto insurance requirements in Maryland. It is vital to not only search for the least expensive car insurance policy, but one that also follows Maryland auto insurance laws and regulations and provides the financial protection you need. Maryland Auto Insurance Requirements All drivers must have valid car insurance…

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Maryland Minimum Auto Insurance Requirements (2024)

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Tag: Maryland

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Maryland Minimum Auto Insurance Requirements (2024)

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