Getting reliable and affordable car insurance in Maryland can be hard for some people. This challenge becomes even harder when traditional insurers turn you down.
The Maryland Automobile Insurance Fund (My MD Auto or MAIF) is a critical safety net for Maryland drivers who cannot obtain auto insurance through private companies. The primary purpose of your MAIF auto insurance providers in Rockville, MD, is to provide mandatory auto insurance coverage if you have been denied policies by traditional insurers.
Roadway Auto ensures you have an affordable insurance option with MAIF. This type of car insurance ensures that all Maryland drivers can meet the state’s legal requirement for auto insurance. This helps reduce the number of uninsured motorists and promotes financial responsibility on the roadways.
MAIF is a last resort option for drivers with difficult driving records. It is also for those classified by private insurers as high-risk and wants to keep legally on the road and financially covered in case of accidents.
Who Qualifies for MAIF?
To be eligible for MAIF insurance, you must meet certain criteria. As the last resort insurer, it is designed for drivers in Maryland who get declined by traditional policies.
There are specific criteria you must meet to qualify for MAIF auto insurance. You must have been declined by at least two private insurers or have your auto insurance canceled or not renewed for reasons other than nonpayment of premiums.
Drivers become uninsured or are unable to buy for numerous reasons. Usually, it is because of high-risk behavior or due to having specific high-risk attributes. The following can include:
- Several traffic violations
- DUI/DWI convictions
- At fault accidents
- Lapses in coverage
- Poor credit history/score
- Young or inexperienced driver
While My MD Auto is similar to other insurance companies, it will be subject to regulations by the Maryland Insurance Commissioner.
Navigating the MAIF Application Process
The MAIF auto insurance application is simple if you know what to do. You’ll need these documents to start:
- Insurance denial or cancelation letters from two insurers
- Valid Maryland driver’s license
- Vehicle registration
- Proof of Maryland residency
Coverage requires you to work with an authorized MAIF insurance producer such as Roadway Auto. An agent at one of our MAIF claim centers will examine your background, check your driving record, and determine whether you qualify for coverage.
The Application Process Your MAIF auto insurance provider in Rockville, MD, will help you get a full picture to verify your eligibility. They’ll assist you in choosing coverage that meets Maryland’s requirements. The primary coverage includes $20,000/$40,000 bodily injury and $15,000 property damage.
Payment Options Your premium amount determines MAIF’s flexible payment plans. Premiums under $3,000 need a 25% down payment with either six monthly installments or three payments every 60 days. Premiums that exceed $3,000 qualify for a lower 20% down payment, with options for eight monthly payments or four installments every 45 days.
Your MAIF agent can electronically handle the FR-19 form (proof of insurance) submission to the Motor Vehicle Administration. This form stays valid for 15 days, so submit it quickly to avoid penalties.
Get a Quote For My MD Auto in Rockville, MD
MAIF operates specifically to help Maryland drivers regain confidence and provide a safety net while on the road. Its unique position as a state provider, competitive rates, and flexible options make MAIF a smart choice for your auto insurance needs. Your MAIF auto insurance provider in Rockville, MD, is here to help you get back on the road. In some cases, we can even get you same-day coverage.
We offer free auto insurance quotes. To get started today with your FREE My MD Auto insurance quote online, see Get A Free Quote.