Shopping for Maryland Auto Insurance Quotes


It's not the most expensive in the country, but Maryland auto insurance is more expensive than most states. According to the National Association of Insurance Commissioners, average Maryland auto insurance quotes were $922 in 2007, the last year for which comprehensive data is available, compared to $795 nationwide. To minimize the effect of these higher costs, you need all the help you can get, and this is where online Maryland auto insurance quotes are particularly helpful. By submitting an online request, you can review multiple quotes and policy options at once and from the comfort of your own home. There's no reason to wait, but it can be helpful to familiarize yourself with the basics of Maryland auto insurance.

A Cost Analysis of Maryland Auto Insurance Quotes

Perhaps the surprising thing about insurance in Maryland is not that it's expensive, but that it's not more so. Maryland is the tenth worst state for drivers, according to a recent GMAC survey. More objectively, Maryland is the fifth most densely populated state, one of the strongest correlates for the cost of auto insurance. With these factors working against the state, it would be easier for the legislature to enact only minimal auto insurance requirements to tamp down costs. That's not what we find, however. With minimum requirements of $20,000 (per person) and $40,000 (per accident) for bodily injury liability, and a $15,000 requirement for property damage liability, insurance standards in Maryland are respectable compared to other states. This doesn't mean you shouldn't consider higher limits. Needless to say, if you rear-end a brand-new sports car or hybrid vehicle, you're likely to cause more than ten grand worth of damage, and you don't want to be on the hook for this damage.

It's also important to realize that the average cost is just that, an average. If you're eligible for insurance discounts, have a clean driving record, and don't need collision or comprehensive coverage, your premiums are likely to be considerably lower. Likewise, if you're a young driver, have a DUI or reckless driving charge, or have made multiple auto insurance claims in the past, your premiums will be much higher.

Maryland Auto Insurance Quotes, Policies, and Coverage

When it comes to auto insurance policies and choices, by far the most common type of supplemental insurance is collision and comprehensive coverage. In fact, if you don't own your car outright, the bank will usually mandate you carry this coverage. If you own a new or expensive vehicle, most people choose this insurance coverage anyway to protect against loss. Comprehensive coverage often includes other perks such as rental car insurance, but you need to familiarize yourself with the benefits offered by your insurance company. You might also find reason to include other types of supplemental insurance such as insuring your pet, towing service, and gap insurance for people who owe more to the bank than their car is worth.

Shopping for Maryland Auto Insurance Quotes

With hundreds of companies licensed to sell auto insurance in Maryland, it's not hard to find auto insurance quotes, but it can be hard to choose amongst all the competition. That's what online referral services are for. By filling out a quick online form, you'll be matched to several auto insurance companies that fit your insurance needs. Better yet, you can shop for auto insurance in a time efficient and largely stress-free manner. This streamlined process should also allow you to shop for the best rates again when it's time to renew your policy. Continually tweaked actuarial math and marketing promotions mean the best insurance company for you last year may not be the best company for you this year. But, of course, there's only one way to find out, so let NetQuote go to work for you right now.