Welcome to Car Insurance Quotes | Free Car Insurance Quotes | Auto Insurance Quotes
Friday, August 31, 2007
How to Save Money and Get Discount Car Insurance in Maryland
Maryland requires several types of automobile insurance, including Liability Insurance, Uninsured Motorist (UM) and Personal Injury Protection (PIP) coverage. Failure to keep any of these insurances in force can result in severe penalties, including the loss of your license plates and registration privileges.
According to the Maryland Motor Vehicle Administration (the MVA) one of the primary ways to save money and get discount car insurance in Maryland is to maintain a good driving record. Nothing drives up your premiums faster than a speeding ticket or a drunk or impaired driving conviction – and such violations remain with your driving record for years, keeping premiums high for years as well.
If you’re in school stay there and maintain a “B” grade point average. Many private insurance companies offer a Good Student Discount, which can be as high as 5% of your premium in many cases.
Some insurance companies also offer a special discount of as much as 10% off of your standard premiums if you are 55 or older and successfully complete a refresher driving course. Check with your insurance company to see if they offer such a program.
If you drive an older vehicle, especially one that has little or no real value, it might pay you to drop your comprehensive coverage. In many cases your coverage may not pay off in any event if you are in an accident and your car has no Kelly Blue Book value – so paying for this coverage is a waste of money.
Keep in mind, however, that if your car is financed then your lien holder will probably insist that you keep comprehensive and collision coverage and may require that you carry more than the minimum insurance required by the state of Maryland.
Probably the biggest thing you can do to keep the cost of your car insurance down is to increase your deductible – the amount you agree to pay out of your own pocket to cover any accident before your insurance company will be asked to pay anything. The higher your deductible the lower your monthly premium payment will be.
The last step in your search to save money and get discount car insurance in Maryland is to jump online and compare policies and prices on at least 3 of the many websites that invite comparisons. Don’t skimp and only compare on one site – you’ll need to compare prices on at least 3 different websites in order to insure that you’ve really and truly found the lowest priced-car insurance in the state of Maryland.
Making comparisons at multiple sites can be a nuisance but once you’re done then you can pat yourself on the back and know that you are saving money month after month on the car insurance policy that’s best for you
According to the Maryland Motor Vehicle Administration (the MVA) one of the primary ways to save money and get discount car insurance in Maryland is to maintain a good driving record. Nothing drives up your premiums faster than a speeding ticket or a drunk or impaired driving conviction – and such violations remain with your driving record for years, keeping premiums high for years as well.
If you’re in school stay there and maintain a “B” grade point average. Many private insurance companies offer a Good Student Discount, which can be as high as 5% of your premium in many cases.
Some insurance companies also offer a special discount of as much as 10% off of your standard premiums if you are 55 or older and successfully complete a refresher driving course. Check with your insurance company to see if they offer such a program.
If you drive an older vehicle, especially one that has little or no real value, it might pay you to drop your comprehensive coverage. In many cases your coverage may not pay off in any event if you are in an accident and your car has no Kelly Blue Book value – so paying for this coverage is a waste of money.
Keep in mind, however, that if your car is financed then your lien holder will probably insist that you keep comprehensive and collision coverage and may require that you carry more than the minimum insurance required by the state of Maryland.
Probably the biggest thing you can do to keep the cost of your car insurance down is to increase your deductible – the amount you agree to pay out of your own pocket to cover any accident before your insurance company will be asked to pay anything. The higher your deductible the lower your monthly premium payment will be.
The last step in your search to save money and get discount car insurance in Maryland is to jump online and compare policies and prices on at least 3 of the many websites that invite comparisons. Don’t skimp and only compare on one site – you’ll need to compare prices on at least 3 different websites in order to insure that you’ve really and truly found the lowest priced-car insurance in the state of Maryland.
Making comparisons at multiple sites can be a nuisance but once you’re done then you can pat yourself on the back and know that you are saving money month after month on the car insurance policy that’s best for you
# posted by gopi @ 2:46 AM 
Subscribe to Posts [Atom]