Maryland Auto Insurance Coverage

For those in need of Maryland auto insurance online there is a simple way of comparing major auto insurance companies and obtain side by side quotes ensuring that the rates you are receiving are the lowest possible for all your insuring needs.

The highways and roads in Maryland are some of the most heavily used roads in the nation. To ensure that you and your family are covered in case of an accident, Maryland requires by law for you to carry certain types of coverage.

The Maryland law requires the following amounts of liability coverage that you must maintain
  • $20,000 per person for bodily injury
  • $40,000 per accident for bodily injury
  • $15,000 per accident for property
Automobile liability amounts can be confusing. Many times you will see these numbers as 20/40/15. To the average consumer, this can be a bit confusing so this is how it works:

The first number (20) is what the insurance company will pay out for each person that is injured in an accident if you are held legally at fault for the accident. The second number (40) is what the total injury payout by your insurance company per accident. The third number (15) is what the insurance company will pay out per accident for any property damage. It is important to remember that the first and second numbers are tied together. If, for example, you were in an accident and were at fault for that accident and the accident involved 5 people and 4 were seriously injured incurring serious medical costs, a claims battle may happen between you and the other parties. If the medical bills are over $40,000, you as the at fault driver can be sued for the remainder of the costs in court.

The next type of insurance that you will see on a quote that is required by law in Maryland is uninsured motorist coverage. This is fairly straightforward in understanding. Some states do not require motorists to carry the same insurance as Maryland does, if you are involved in an accident and the other motorist is not insured properly, this covers the gap whether you are at fault or not. In Maryland this is required at the same levels as the liability insurance of 20/40/15. However, the same principle applies if serious medical bills are accumulated you may have a gap in the insurance payout.

Personal Injury Protection, sometimes referred to as PIP, is the type of insurance that most no-fault states have. In Maryland, this is also required insurance. The reason is the added security in case that you are in an accident and become injured and are unable to work, this type of coverage will cover the gap in employment wages. In Maryland the minimum amount of PIP is $2,500. This will not really get you very far in lost wages, most companies will only allow you to add $10,000 as a maximum amount. The cost of this type of insurance is reality low and you may wish to consider carrying the maximum.

There are other types of insurance that you can purchase and may be required by your lien holder on a new vehicle. Collision is insurance that will cover you when your auto has any type of damage or collision. This includes other objects besides autos, as an example a tree falling on your car.

Comprehensive insurance is the insurance that covers the loss of the vehicle or its contents. It will pay for theft loss, vandalism, and natural disasters. The cost may be worth it to be covered if your car is parked in places that it may be susceptible to theft or vandalism. If you have security devices on your car, the cost of this insurance is drastically reduced.

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