In Maryland, you must have car insurance if you drive on a public road. The law says that. If you break this law, you could face some pretty serious consequences, such as having your registration revoked and your car's licence plates taken away. There may be more punishments as well.
You must have liability insurance, uninsured motorist insurance (UM), and personal injury protection (PIP) in Maryland (PIP). If you have to pay for your car with a loan, your lender will require you to also have collision and comprehensive insurance.
None of these insurances are free, so many Maryland drivers are scrambling to find cheap car insurance. You can help keep the cost of car insurance as low as possible by doing some things.
The first thing you should do is decide to drive safely and within the law. If you get a speeding ticket, you will not only have to pay a big fine, but your car insurance rates will also go through the roof and stay high for years.
In the same way, if you get caught driving drunk or while impaired, you can expect to pay twice or three times as much for car insurance for a long time. You have full control over speeding and driving under the influence, so if you get caught doing either, you have no one but yourself to blame for your higher car insurance rates.
If you are in school and can keep a "B" grade point average, you may be eligible for what is called a "Good Student Discount." This means that your car insurance premiums will be about 5 percent cheaper each month.
If you are 55 or older, your rate may go up because of your age. But many insurance companies encourage their older drivers to take a refresher driver's course. Those who pass such a course can save as much as 10 percent on their monthly car insurance premium.
If you have an older car that is already paid off in full, you might want to drop collision and comprehensive coverage. If you drop these coverages, you'll save a lot on your insurance costs.
If you drop collision and comprehensive coverage and then get into an accident, your insurance won't pay to fix your car. But to be honest, if your car has little or no Kelly Blue Book value, your insurance wouldn't have paid much, if anything, even if you had paid for the coverage.
You can also raise your deductible, which is the last thing you can do. When you file a claim, your insurance company will charge you less in premiums if you are willing to pay more out of your own pocket.
Now that you've made the best car insurance plan for your situation, it's time to go online and compare car insurance policies and rates from different insurance companies. If you really want to get cheap car insurance in Maryland, you will need to fill out all of the required information on at least 3 different comparison websites. This way, you'll be sure to compare all of the car insurance companies in Maryland, and you'll know for sure that you've found the cheapest car insurance in Maryland.
