Maryland is one of the most expensive states when it comes to auto insurance premiums, with average premiums between $2,700 and $3,000. Here's how to lower your premium and get cheap auto insurance in Maryland.
Get All the Discounts You CanDiscounts lower your insurance premium, saving you money. Common auto insurance discounts include:
* Multi-Policy Discount - for having your home and your car insurance with the same insurance company.
* Multi-Vehicle Discount - for having two or more cars insured with the same insurance company.
* Good Driver Discount - for being accident free for at least three years.
* Good Student Discount - for maintaining a high grade average in school.
* Driving School Discount - for having taken a drivers education class.
* Low Mileage Discount - for driving less miles than the national average.
* Safety Features Discount - for having safety features like air bags and anti-lock brakes on your car.
* Anti-Theft Devices Discount - for having a burglar alarm or other anti-theft device on your car.
* Senior Citizens Discount - for being age 50 or older and retired.
Ask your insurance professional about these and other discounts you might qualify for.
Lower Your Coverages and Increase Your Deductibles Maryland law requires that you have at least the following liability coverages:
* $20,000 per person for bodily injury. This is the maximum the insurance company will pay any one person injuries you cause.
* $40,000 per accident for bodily injury. This is the maximum the insurance company will pay - total - for injuries you cause.
* $15,000 per accident for property. This is the maximum the insurance company will pay for damage you cause to someone else’s car or property.
Your premium will be lowest if you buy just these minimum coverages, but you may not have enough protection in case of an accident.
You can also buy collision and comprehensive coverage to pay for physical damage to your car. If you buy this coverage, set your deductibles as high as you can afford - the higher your deductibles, the lower your premium.
Shop AroundInsurance premiums vary from one insurance company to another, so you need to shop around and compare quotes. You can easily compare quotes by going to an insurance comparison website. On such a website you simply type in your insurance information. Shortly thereafter you'll begin to receive quotes from multiple A-rated insurance companies.
On the best insurance comparison websites you can even talk with insurance professionals and get answers to your car insurance questions (see link below).
Visit http://www.LowerRateQuotes.com or click on the following link to
get Maryland auto insurance rate quotes from top-rated companies and see how much you can save. You can get more auto insurance tips in their Articles section.
The authors, Brian Stevens and Stacey Schifferdecker, have spent 30 years in the insurance and finance industries, and have written a number of articles on getting cheap auto insurance in Maryland.
