Finding auto insurance in Maryland can be challenging when private companies deny you coverage. However, as an MAIF auto insurance provider in Bethesda, MD, the Maryland Auto Insurance Fund (MAIF) has been helping drivers since 1973. The goal is to ensure everyone has access to legally required coverage.
MAIF serves as your safety net when at least two private insurance companies have turned you down. Since Maryland law requires all drivers to maintain minimum coverage of $30,000 for bodily injury per person, $60,000 per accident, and $15,000 for property damage, My MD Auto ensures you can meet these requirements regardless of your risk status. While MAIF policies might cost more than standard car insurance, they offer flexible payment plans to help manage your expenses.
Understanding MAIF Auto Insurance Basics
The main purpose of your MAIF auto insurance provider in Bethesda, MD, is to help drivers who face challenges getting coverage elsewhere. This type of Maryland auto insurance is a transitional solution rather than competing with standard insurers.
You must be a resident of Maryland in order to be eligible for this type of policy. You should hold a valid Maryland driver’s license or current Maryland registration. Also, you need proof of rejection from at least two private insurance carriers.
How is MAIF Different from Standard Auto Insurance?
Their unique approach to risk assessment sets MAIF apart from traditional insurance providers. Unlike standard carriers that consider factors such as credit history, education, or occupation, MAIF focuses solely on providing coverage to those who need it. This makes MAIF an excellent option for college students and other drivers who are often considered high-risk due to age or travel patterns.
How to Apply for MAIF Insurance
Getting started with MAIF auto insurance is easy. The process requires meeting specific eligibility criteria and following the application process. You must prove rejection from at least two private insurers for reasons other than non-payment.
Before beginning your application, gather these essential documents:
- Valid Maryland driver’s license
- Vehicle registration or title
- Proof of Maryland residency
- Insurance denial letters from previous insurers
- Current driving record
Contact Roadway Auto, your MAIF auto insurance provider in Bethesda, MD, to begin the application process. Our agent will help guide you through the process.
We will need to conduct a background check and review your driving records. Then, your agent will verify your eligibility and help you find the best coverage options for your needs.
After completing the application forms, you’ll receive a premium quote with various payment choices. My MD Auto understands budget constraints and offers flexible payment plans. You must start with an 18% down payment and then we’ll create a MAIF payment plan that is spread the remaining amount across nine monthly.
Once we process your premium payment, we will issue your insurance card. Remember to keep this card with you while driving as proof of coverage. To maintain continuous coverage, please pay your premiums on time and comply with eligibility requirements.
Roadway Auto has expert agents ready to help you get affordable auto insurance. As your MAIF auto insurance provider in Bethesda, MD, we’ll get you a convenient payment plan that fits your monthly budget. If you are struggling to find car insurance in Maryland, let us help you get the lowest rates available no matter what your driving record looks like. To receive a free MAIF auto insurance quote, see Get A Free Quote.