You need $30,000 in bodily injury coverage per person ($60,000 per accident). Bodily injury liability insurance pays for other people’s injuries after a car accident that you cause, and it can also cover your legal fees if you are sued after a crash.
In addition to bodily injury liability insurance, drivers in Maryland need to purchase $15,000 in property damage liability insurance. Property damage liability coverage pays for damage to others’ property after an accident caused by the policyholder. Together, these liability insurance requirements are often written as 30/60/15.
Maryland also requires drivers to buy uninsured/underinsured motorist coverage equal to the minimum liability limits. For more information, check out WalletHub’s breakdown of how much car insurance you need in Maryland.
Maryland is an at-fault state, which means that the at-fault driver is responsible for paying for everyone injured in the accident. There are no restrictions on the right to sue after an accident in at-fault states, even if the insured buys personal injury protection (PIP). Maryland also requires uninsured motorist protection, which replaces the liability coverage another driver should have had and pays for your costs up to the policy limits.… read full answer
Drivers in Maryland are required to carry at least $30,000 in bodily injury liability insurance per person, up to $60,000 per accident, and $15,000 in property damage liability insurance. When an insured driver is responsible for an accident, liability insurance covers the other driver’s expenses.
On average, state minimum coverage costs $2,120 per year in Maryland, but there are many factors that can affect how much you pay for a policy. Any coverage above and beyond what is required by Maryland law is optional, but it’s usually worth the money to get some additional protection. The biggest reason is that state minimum coverage doesn’t protect your personal vehicle. For insurance to pay for damage to your car, you’ll need full coverage.
In Maryland, full coverage refers to a policy that includes collision and comprehensive, plus higher coverage limits than what is required by state law. Full coverage car insurance costs about $5,003 per year in Maryland. There may be cases when you don’t need full coverage insurance, but Maryland drivers should buy as much coverage as they can afford as a general rule.
Most policies offer coverage for six months to one year at a time and can be paid in a variety of ways, including monthly payments. The best car insurance companies in Maryland balance affordability with quality coverage and strong customer service. You can easily get a quote from top companies like Geico, State Farm, Erie Insurance and The Hartford online or over the phone, or use WalletHub’s comparison tools to find the best car insurance policy for your needs.
Car insurance in Maryland is $87 per month for minimum coverage and $211 per month for full coverage, on average. The cheapest insurance companies in Maryland are Geico, Travelers and Erie, and getting quotes from several companies can help you find the best deal.
Average Cost of Car Insurance in Maryland by Category
The average cost of car insurance in Maryland is 43% higher than the national average auto insurance premium, and Maryland ranks 44 out of 50 for the most affordable car insurance rates in the U.S.. There are several factors that affect how much you’ll pay for car insurance in Maryland, including your driving record, age, location, the amount of coverage that you purchase, and the insurance company you buy it from.
Finally, it’s worth noting that car insurance premiums in Maryland are average, compared to the cost of coverage in neighboring states like Delaware and Virginia. You can find more details in the table below.
Cost of Car Insurance in Maryland vs. Neighboring States
Yes, uninsured motorist coverage is required in Maryland. Drivers in Maryland must purchase at least $30,000 in uninsured motorist bodily injury coverage per person (up to $60,000 per accident), as well as $15,000 in uninsured motorist property damage insurance per accident. Additionally, Maryland drivers need $30,000 in underinsured motorist bodily injury coverage per person (up to $60,000 per accident) and $15,000 in underinsured motorist property damage insurance per accident.… read full answer
Uninsured/underinsured motorist insurance covers a driver’s medical bills and repair costs after an accident if the at-fault driver doesn’t have enough coverage to pay for the damage. Normally, a Maryland driver can collect damages from the at-fault driver’s liability insurance. However, if the other driver is uninsured, getting compensation can be time-consuming or nearly impossible. That’s where uninsured motorist coverage can help. Instead of having to file a lawsuit, you can file a claim with your own insurance company in order to pay your bills and get the repairs or treatment you need without waiting for the courts.
Even though car insurance is required in Maryland, an average of 12% of drivers in the state don’t have car insurance. Car accidents in Maryland can be extremely expensive, too. For example, fatal accidents in Maryland have a total cost of $690 million each year. As a result, uninsured motorist insurance is a smart investment for Maryland drivers.
Key Facts About Uninsured Motorist Coverage in Maryland:
Minimum Uninsured Motorist Bodily Injury: $30,000 per person and up to $60,000 per accident
Minimum Uninsured Motorist Property Damage: $15,000 per accident
Minimum Underinsured Motorist Bodily Injury: $30,000 per person and up to $60,000 per accident
Min Underinsured Motorist Property Damage: $15,000 per accident
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