Introduction:
In our directory, we have some of Maryland's most trusted
names in online auto insurance. Due to the tough economic climate, many
Maryland residents have had to cut costs lately. Getting a car insurance
quote online is a great way to save both time and money. You are able
to instantly view and compare quotes from different insurance providers,
allowing you to select the one which gives you the best value for your
money.
Rates:
Car insurance costs in the state
of Maryland were at an average of $947.15 in the year 2008. When
compared to the previous year, where they averaged at $892.60, we can
see that the price of auto insurance rose approximately 6.10%. Figures
reported in 2008 show that the average cost of liability coverage for
Maryland drivers that year was $557.79, collision coverage averaged at
$328.98 and comprehensive coverage was priced at an average of $148.04.
If we compare Maryland's rates to the rest of the country, in 2008, we
had 11 states with higher average premiums and 38 states in which
premiums were lower. In 2007, 14 sates had higher rates and 35 had lower
ones.
By examining data over a longer period of time, we can see that premiums
for auto insurance were at an average of $757.41 in 2000 and $783.77 in
2005. 12 states had higher premiums than Maryland during the year 2000.
Some factors that insurance companies use to determine insurance costs
for the state of Maryland:
- Speed limit - cities: 65 mph
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Speed limit - highways: 65 mph
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Blood alcohol limit (percentage): 0.08%
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Open container state laws: All occupants of a motor vehicle are
prohibited from being in possession of an open container with alcoholic
beverages.
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Hand held cell phone bans: No statewide ban is in effect at this time.
-
Additional restrictions on cell phone use: Holders of a learner's permit
or an intermediate license are prohibited from using a cell phone while
driving.
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License suspension period for DUI: A 45 day suspension will be applied
for a first DUI violation.
-
Availability of license restoration after DUI: May be available in
certain cases.
Maryland car insurance cost statistics:
- Average premium (2008): $947.15
-
Average premium (2007): $892.60
-
Change percentage between 2007-2008: 6.10%
-
Average collision cost (2008): $328.98
-
Average liability cost (2008): $557.79
-
Average comprehensive cost (2008): $148.04
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Nationwide insurance premium rank: 12th
