Maryland is one of the more costly states for car insurance, requiring drivers to carry minimum bodily injury liability and property damage liability coverage as required by state law. They can add personal injury protection (PIP) and collision coverage as additional safeguards against possible mishaps. Driving without car insurance in Maryland is illegal – those caught violating its provisions face fines and suspension of their registration. Many companies provide apps which allow drivers to show proof of insurance upon being pulled over by law enforcement officials.
Maryland Car Insurance Calculator
Each company employs its own formula for calculating premiums, but some common factors include age, driving record, credit score and gender. Contrary to popular belief, men don’t always pay more than women for car insurance – in certain states such as Maryland gender has no significant bearing on premiums; both Geico and Progressive offer discounted policies for female drivers with similar profiles and driving records.
As well as these basic variables, your city of residence can have an effect on your Maryland car insurance rate. Crime rates, weather patterns and population density all factor into this equation when calculating Maryland car insurance rates; residents in Baltimore typically pay around 7 percent more than average while those living in Columbia or Germantown may experience less expensive premiums.
Your car type plays an integral part in your Maryland auto insurance rates. If you own a high-performance or luxury car, chances are your rates will likely be higher than for drivers driving older model sedans; whereas SUVs and trucks tend to be safer on the roads and thus their rates tend to be reduced as compared to smaller vehicles.
Traffic violations and accidents on your driving record can also have a dramatic impact on Maryland car insurance premiums, with severe accidents often seeing premiums increase by as much as 51%! Furthermore, having been found at fault could push them up even more;
Maintaining a good driving record is the key to finding more affordable Maryland car insurance rates. Take a defensive driving course or keep a clean record for some years and your rates should drop accordingly. In addition, safety features on your vehicle and opting for higher deductibles (which reduce premiums but require out of pocket payments in the event of a claim) could save money as well. Be sure to shop around before committing to any policy – simply use our free online tool to quickly compare multiple Maryland car insurance quotes using just your ZIP code!