Maryland Auto Insurance
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Maryland Auto Insurance Requirements
The owner of any vehicle registered in the state of Maryland is required by law to purchase certain types of auto insurance coverage. This article offers an overview of Maryland’s mandatory coverage and the minimum liability limits required for each. It also describes optional coverage you may wish to purchase.
Maryland Liability Insurance
Maryland requires that owners of vehicles registered in the state have Liability auto insurance of which there are two types: Bodily Injury liability and Property Damage liability. Liability protects you, up to your chosen limits, against claims made by others as a result of an accident you caused. Bodily injury liability covers other people’s medical bills, lost wages, and pain and suffering. Property damage liability covers the cost to repair property that was damaged because of your at-fault accident.
Maryland State Minimums
Minimum Maryland liability limits are 20/40/15, with the first two numbers corresponding to bodily injury coverage per person ($20,000) and a cap of $40,000 per accident when two or more people are involved. Fifteen represents the amount the insurer will pay towards the cost to repair property damaged in the accident.
Maryland Bodily Injury coverage
Maryland also requires Uninsured/Underinsured Motorist Bodily Injury coverage of $20,000 per person and $40,000 per accident. This protects the insured and some family members when involved in an accident caused by an uninsured motorist, or hit and run driver. Underinsured motorist may help pay the balance of your bodily injury expenses that the at-fault driver’s insurance did not pay because that driver’s coverage was too low. Uninsured/Underinsured Motorist Property Damage liability is required as well. The minimum liability allowed under Maryland law is $15,000.
Personal Injury Protection
Finally, Maryland requires $2,500 in PIP or Personal Injury Protection coverage. Although this is considered mandatory, drivers can waive this coverage. Drivers with suitable health insurance coverage may find PIP unnecessary, but others like having this extra protection.
Optional Coverages
Even though Maryland mandates many types of auto insurance coverage, none of the required coverage pays the costs to repair damage to your own vehicle. For this, you need optional Comprehensive and Collision auto insurance coverage. Collision covers the needed repairs when your vehicle rolls over or is involved in a collision. Comprehensive covers needed repairs for damage to your vehicle caused by all reasons over which you have no control including weather and vandalism.
Maryland Insurance Administration
Learn more about Maryland and its auto insurance requirements by contacting the Maryland Insurance Administration at 800-492-6116. You can also visit http://www.mdinsurance.state.md.us.