At MAIF Insurance Provider, we are dedicated to providing our clients with affordable auto insurance in a timely manner that meets Maryland’s minimum requirements. Whether you need car insurance, tag and title services, or want the opportunity to join our Roadway Motor Club for 24/7 roadside assistance, we are here to help you get back on the road with a car insurance policy that will meet your needs. We know Maryland drivers are looking for new ways to save money in the new year. Here are some of MAIF’s best tips of the trade on how to keep insurance premiums as low as possible:
Not only will safe driving keep you and your loved ones safe while behind the wheel but it will also save you money. Car accidents and traffic violations are the number one reason for higher insurance premiums. If you have a habit of driving over the speed limit, texting while driving, or not abiding by basic traffic laws, then you are more likely to suffer from a high-cost insurance premium. Remember to practice safe driving by coming to a complete stop at stop signs, keeping your phone put away while behind the wheel, and keeping an eye on the traffic around you so that you can have enough response time to avoid major accidents. MAIF Insurance providers can help Maryland drivers with clean driving records save money with our Safe Driver discount. If you qualify for this discount, make sure to mention this to your MAIF Insurance representative.
Higher Deductibles, Lower Premiums
The higher your deductible, or the more you pay out of pocket at the time of an accident, the cheaper your monthly Maryland Auto Insurance payment will be. If you have a low deductible, you have more coverage from your insurance company and will pay less out of pocket in the case of filing a claim. Since a lower deductible requires more coverage provided by your insurance policy, you’ll have to pay more in your monthly premiums as a way to equalize the risk between drivers and insurance companies. A higher deductible means a reduced cost in your monthly insurance premium. While you will be paying more in the case of filing a claim, you will be saving money monthly on your lower premium. Your MAIF provider representative can help you choose a deductible that works for your budget.
Get The Right Coverage
Do you own your car? Drivers who own their vehicle outright, without a loan, may be able to do away with comprehensive coverage and lower their insurance premiums. While most states require liability insurance, comprehensive coverages are only mandatory if specifically stated in your lease or loan agreement. However, if your vehicle is brand new, comprehensive and collision are recommended. For older vehicles, this means that the chances are physical damage coverage may not be cost-effective. Carrying liability only could put more money in your pocket each month. If you are interested in learning more about your coverage options, contact a MAIF Insurance provider representative for one-on-one guidance to save money on your car insurance.