|
|
||
|
|
||
|
|
||
 |
 |
|||||||||||||||||
|
Maryland Auto Insurance  As an Maryland resident, you're financially responsible for the damage and injury you cause in an auto accident. Liability protection insures you for these potential expenses, and is compulsory in Maryland. Maryland minimum liability limits; $20,000 per person for injuries you cause to the other parties, $40,000 total per accident, and $15,000 for damage you cause to the other party's property. Other mandatory coverages include $2,500 in medical payments (PIP) and $20,000 (per person) and $40,000 (total per accident) in uninsured (UI) and underinsured motorist (UIM) coverage. Other plan options include blanket umbrella, collision, and comprehensive coverage. If you are convicted of DUI in Maryland (Assuming your insurance company doesn't drop you immediately), your insurance costs will increase at least 30%. Buying insurance through a "high-risk" agency will cost substantially more. If you are high risk (multiple tickets and/or accidents), you may have to use the Maryland Automobile Insurance Fund (MAIF). The Maryland Automobile Insurance Fund was created to provide automobile insurance coverage to eligible risks who seek coverage and are unable to obtain such coverage through the voluntary market. Eligible Maryland Automobile Insurance Fund risks are shared among companies writing automobile insurance in the state of Maryland. Below (again) are the minimal limits.
Proof of insurance is required when you register the vehicle. Insurers must notify Department of Motor Vehicles or other state agency of cancellation or nonrenewal. Your Insurer must verify financial responsibility or insurance after an accident or arrest. Penalties for driving without insurance in Maryland include up to $1,000 fine and/or 1-year jail. |
|
||||||||||||||||
|
||||||||||||||||||
|
|
||