If you are between 15 and 34 in Maryland, you are more likely to die in a traffic accident than nearly any other cause. The roads are always a dangerous place, and even the accidents that don’t result in a fatality may cause significant bodily and financial harm. For this reason, Maryland mandates a minimum automobile insurance coverage of:
$30,000 for physical injuries
$60,000 for 2 or more people involved in the accident
$15,000 for damage to property
Failing to have the minimum level of insurance can result in the suspension of your vehicle registration, fines of up to $2,500 per year, and the seizure of your tax returns. The minimum level of insurance is enough to protect you from paying for any damage that you may cause in a vehicle, but it will not cover extensive damage or more serious injuries. Keeping in mind that another driver who hits you with their vehicle may only have the minimum coverage, you can expect to only receive up to $15,000 to fix damage to your car. If you value your car more than that, additional coverage in your own policy is necessary to make up the difference.
Automobile insurance premium rates can vary according to the make and model of the vehicle, where you live, and the type of coverage that you want. Your deductible, or the amount you must pay on each claim, is another influencing factor. You may also qualify for discounts depending on your driving record, safety and security features on your vehicle, defensive driving courses, and other credentials. When you call or contact Leon Insurance LLC for an insurance quote, it can help to have this information ready. Don’t risk your assets on the road without an auto insurance policy that has been modified by Leon Insurance LLC to fit your needs.