Car Insurance Baltimore Requirements
Car Insurance Baltimore Requirements
While every state in the US required drivers to carry automobile insurance, each state has mandated their own limits of liability coverage. If you reside in Baltimore, Maryland and are in the process of purchasing a new vehicle, it is important to know the car insurance Baltimore requirements. Drivers must fulfill these state requirements in order to drive throughout the state of Maryland legally. While it is not expected for licensed drivers to understand the ins and outs of insurance, it is important to educate yourself on the basics of insurance to know what you are paying for. Below are the limited car insurance requirements in the state of Maryland. Choosing not to carry these coverages could land you with serious fines or license suspensions.
As with every state, Baltimore residents are required to carry Liability Insurance. Liability coverage is a third party coverage that will pay for damages to persons or property if you are deemed at fault in an accident. Consisting of both Bodily Injury and Property Damage cover, electing to carry the state minimums can leave you susceptible to wage garnishments and judgments if coverages are limited and cannot cover damages.
Insurance Baltimore requires drivers to carry no less than $20,000 per person and $40,000 per accident of Bodily Insurance coverage in the liability section of your auto policy. In addition to Bodily Injury coverage, drivers must also carry $15,000 per accident of Property Damage coverage. Drivers carrying these limits will satisfy state. It is important to maintain coverage at all times when your vehicle is registered in the state of Maryland to avoid registration suspension and unnecessary fines. Some are unaware that insurance coverage is verified electronically to the DMV of MD. If your policy cancels or lapses the DMV will be notified.
The state of MD also required drivers to carry Personal Injury Protect, also referred as PIP coverage. This type of insurance will protect the policyholder and occupants of the vehicle in the event they are left unable to work because of a covered accident. While the state requires a minimum of $2500 of coverage, insurers offer higher limits for higher premiums.
The last required coverage in the state of MD is Uninsured Motorist protection. Maryland's laws are designed to ensure there are no gaps of insurance for any driver. This coverage will protect the policyholder in the event the other party has no or not enough insurance.
The law requires drivers to carry at least the minimums listed for Liability coverage.
It is important to understand your auto insurance and the state laws to ensure you are adequately protected. Consult a licensed insurance agent and discuss limits of liability and other auto coverages to designed a plan that is tailored to your needs. The Crucial Steps In Getting An Auto Mechanic Low Cost Auto Insurance - Tips For New Buyers Can you get cheap car insurance and good service? Compare Auto Insurance Canada To Save Your Money Diesel Trucks Forex Day Trading Signals: Profitable Forex Daily Buy/Sell Signals(Auto Forex Signal Provider) Automotive Coatings, Adhesives & Sealants Market Prospects Cheap Insurance Auto- Interesting Info Regarding Auto Insurance Company Online Pricol Auto Parts Finding the right caravan insurance policy Get Used Trucks From Japan At The Best Deals Imaginable Eli Manning's outstanding Performance Overshadowed by Injuries; Giants earn 13-12 General Look at TaylorMade Rescue TP Hybrid