Cheap Car Insurance Quote Maryland

Cheap Car Insurance Quote Maryland

When it comes to car insurance in Maryland, people need to find a good balance between having enough coverage for their cars and not spending too much money. Because the cost of living going up, it is important to look for options that protect your finances without costing too much.

This guide will help you understand the main things that affect car insurance prices in Maryland and give you useful tips on how to get coverage that is both good and affordable.

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Car Insurance Cost In Maryland

In Maryland, drivers must have liability, uninsured and underinsured motorist coverage, and personal injury protection at or above the following minimum levels: Bodily injury liability of $30,000 per person and $60,000 per accident, property damage liability of $15,000 per accident, uninsured and underinsured motorist bodily injury coverage of $30,000 per person and $60,000 per accident, uninsured and underinsured motorist property damage coverage of $15,000 per accident, and personal injury protection of $2,500 per person (full or limited). Optional coverage in Maryland, which varies by carrier, includes comprehensive, collision, loan/lease payoff, rental car reimbursement, and roadside assistance.

The average annual car insurance rate is $1,305, which is 15% lower than the national average. Car insurance costs are influenced by various factors beyond your location, such as age and driving history. If you opt for enhanced coverage, including comprehensive and collision protection against accidents, theft, vandalism, or weather incidents, it comes with a higher cost.

In Maryland, a comprehensive insurance policy with a $1,000 deductible is $1,199, marking an 83% increase compared to liability-only coverage. Choosing a comprehensive policy with a $500 deductible will result in a 111% increase compared to basic coverage.

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How To Get The Cheapest Car Insurance Rate In Maryland

One of the commonly advertised discounts by insurance companies, particularly for new customers, is bundling policies. By insuring both your car and home (or other combinations like apartment and motorcycle) with the same company, customers can conveniently manage their coverage in one place and enjoy cost savings. Paying your entire policy upfront instead of opting for monthly instalments and choosing electronic billing with payments withdrawn from a bank account or charged to a credit or debit card can also result in savings.

For instance, American Express provides cardholders with a small cash-back credit for using their card to pay insurance premiums. Maintaining a safe driving record, including the use of telematics devices like apps to track driving habits, can also qualify for discounts.

Additionally, being a member of a professional or trade organization may lead to lower insurance rates, with some groups and employers offering special discounted rates for coverage.

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By understanding the factors that impact insurance premiums and applying money-saving strategies, you can obtain the necessary coverage without burdening your budget. Visit the official website for more information. Hope the provided information is helpful, share your thoughts below in the comment section.

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Bernice Asante