Maryland Auto Insurance Requirements

Insurance coverage is mandated by the state government in Maryland. The state government has put these insurance guidelines in effect to help protect it’s residents from irresponsible drivers who cannot pay for damages caused should they be involved in an accident. These minimum coverages are mandatory and could result in serious consequences if they are not adhered to.

Personal injury protection is a type of insurance that the state of Maryland requires it’s residents to carry as well. This type of insurance pays a certain amount per month that the driver is out of work due to an accident. The minimum amount of this type of coverage is $2,500. This minimum amount is generally paid per month for a year or until rehabilitation is complete.

Maryland has a state minimum liability coverage of $15,000 for personal property damage per accident, $20,000 bodily injury per accident up to $40,000 for total injuries. The state also requires that each policy include uninsured motorist coverage so that if the driver would be in an accident with another party who is not financially equipped to pay for the damages and does not carry insurance, the driver will be protected anyway. The state of Maryland also requires that each driver carry this type of insurance as well with the minimum coverage being the same as the liability coverage.

PURCHASING TIPS

It is important to keep in mind while shopping for insurance that the state required minimums are generally not enough to cover the damages in anything more than a minor collision. Buying just the minimum amount could leave you and your family at extreme financial risk. You can avoid this by making sure you have plenty of coverage with your insurance policy. You should also check the rates of several different insurance companies before making your final purchase to ensure that you are getting the best possible rate.