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Maryland Auto Insurance review 2022

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Maryland Auto Insurance, previously called Maryland Auto Insurance Fund, is an entity created by the state of Maryland to insure drivers who have been turned down from at least two private insurance companies. For this reason, it may be a great choice for high-risk drivers or those with a poor credit history. The research presented in this article may help you decide whether or not Maryland Auto Insurance is right for you.

  • Date established: January 1, 1973
  • Insurance products offered: Auto insurance
  • AM Best financial strength rating: A- (Excellent)
  • Availability: Maryland only
Pros Cons
The company offers insurance to high-risk drivers and only turns down applicants who have a history of premium nonpayment. The company only offers auto insurance, so policyholders won’t be able to bundle their home/renters and auto insurance.
The “find an agent” feature allows drivers to find a local agent using their Maryland ZIP code. The company is unrated by J.D. Power, S&P and Fitch.
The online portal supports online payments and claims processing. Average rates are expensive in comparison to competitors.
The company offers online budgeting and auto insurance information resources. The company only operates in Maryland.

Maryland Auto Insurance

Maryland Auto Insurance provides a range of coverage options designed to insure Maryland drivers who traditional auto insurers have turned down.

Types of coverage

The company’s standard car insurance policies cover the minimum amount of insurance required by Maryland law, including:

  • Liability: The minimum amount of liability coverage required by Maryland Law is at least $30,000 for bodily injury per person, $60,000 for bodily injury per accident and $15,000 for property damage per accident.
  • Uninsured motorist: The minimum amount of uninsured motorist coverage required by Maryland law is at least $30,000 for bodily injury per person, $60,000 for bodily injury per accident and $15,000 for property damage.
  • Personal injury protection (PIP): Maryland law requires insurers to offer policyholders at least $2,500 in PIP coverage.

The provider does not deny coverage to anyone, as long as the driver:

  • Is a Maryland resident
  • Owns an automobile registered in Maryland OR has a valid Maryland driver’s license
  • Has been canceled or not renewed by a standard insurer for a reason other than non-payment of a premium OR has been refused insurance by two (2) standard insurers
  • Does not owe Maryland Auto any unpaid premium

Maryland Auto Insurance also offers additional coverage options like:

  • Collision insurance: This type of coverage helps pay the repair or replacement costs if your vehicle is involved in an accident.
  • Comprehensive insurance: This type of insurance helps cover damages and losses from issues such as theft, flooding and falling objects.
  • Towing insurance: This type of insurance typically helps cover the cost of having your vehicle towed from the spot where it broke down.
  • Rental car insurance: This type of coverage pays out to cover rental cars.
  • Commercial auto insurance: This type of insurance is designed for those who use their vehicle for business purposes, such as Uber and Lyft drivers.

Cost of Maryland Auto Insurance

Maryland Auto Insurance determines premiums based on risk level, vehicle type, driving experience, location, amount of coverage needs and several other factors. Consumers can request a personalized quote on their website.

One thing that differentiates this insurance provider from others is that it does not factor in credit history when determining a driver’s premium, which can help those with bad credit find coverage.

Maryland Auto Insurance’s average rates are much more expensive than the national averages of $565 for minimum coverage and $1,674 for full coverage insurance. Maryland Auto Insurance charges average annual rates of $1,364 for minimum coverage and $4,033 for full coverage since it caters to high-risk drivers and those who can’t get car insurance from other car insurance companies on the market. These drivers are riskier to insure, and as a result, their premiums are higher.

Maryland Auto Insurance’s average rates below reflect the most recent data from Quadrant Information Services.

Minimum Coverage Full Coverage
$1,364 $4,033

Discounts

Maryland Auto Insurance is a transitional car insurance option designed for drivers who can’t get insurance elsewhere. As a result, the company does not offer traditional savings such as student discounts. However, its website offers the following tips on how to save money on your auto insurance policy.

  • Pay your premium in a lump sum: You may save money if you pay your premium all at once rather than in installments.
  • Pay your premium on time: If you get behind on your payments, your premium may increase.
  • Keep a clean driving record: Keeping a clean driving record is one of the best ways to keep your premium low. If you already have some marks on your record, you may be able to get discounts for taking a safe driving class.
  • Determine your insurance budget before buying a car: Car insurance can be expensive, so you may want to calculate how much you can afford to spend on auto insurance and then request a car insurance quote from Maryland Auto Insurance before purchasing a vehicle.
  • Talk to an insurance agent: An insurance agent may be able to advise you of specific actions you can take to lower your insurance costs with Maryland Auto Insurance. You can use the company’s “find an agent” feature to find an insurance agent near you.

Maryland Auto Insurance ratings, reviews, customer satisfaction & complaints

Because Maryland Auto Insurance is not a standard insurance carrier, third-party data regarding financial strength and customer satisfaction is limited. However, the company’s Google My Business listing provides insight into customer satisfaction, and AM Best rated the company’s financial strength.

  • Google: According to their Google My Business listing, the company has 185 reviews and a 2.5-star rating. Many of the complaints are from drivers not insured by Maryland Auto Insurance who have been involved in accidents with one of their insured drivers.
  • AM Best: Credit rating agency AM Best gave Maryland Auto Insurance a rating of A- (Excellent) for financial strength. A high AM Best rating can give policyholders peace of mind that a company has a solid financial history.

Reasons Why Maryland Auto Insurance is a good option

Maryland Auto Insurance may be a great option for drivers seeking car insurance coverage after being denied elsewhere, especially those with bad credit or no credit history.

The company provides car insurance coverage options for high-risk drivers as well as commercial options for jobs like Uber and Lyft drivers. However, due to its commitment to covering higher-risk individuals, the company’s average premiums are higher than other providers in the region. Be sure to shop around to determine whether or not Maryland Auto Insurance is the best auto insurance provider for your needs.

Due to Maryland Auto Insurance being a nonstandard transitional provider, applicants must prove at least two other standard insurers have denied them to qualify, so keep that in mind before requesting a quote.

Additional policies offered by Maryland Auto Insurance

In addition to typical auto insurance options, Maryland Auto Insurance offers policies for Uber and Lyft drivers, motorcyclists and scooters and other low-speed vehicles. The provider does not offer coverage options for homeowners insurance, renters insurance, life insurance or any other type of insurance product besides motorized vehicles.

Frequently Asked Questions

What is the best auto insurance company?

The best auto insurance company depends on each driver’s auto insurance policy needs and preferences. You may want to speak with a licensed insurance agent to determine what your needs are. After determining your needs, it may be a good idea to compare auto insurance quotes from the best auto insurance companies to find the best rate. The car insurance companies with the best rates for you may be surprising, so requesting quotes from multiple providers is often helpful.

What do I need to get a quote from Maryland Auto Insurance?

Receiving a personalized quote from Maryland Auto Insurance is simple. First, you’ll need to be prepared to prove that you are a Maryland resident, possess a Maryland driver’s license and have at least two previous denials from other carriers. Then you can request a quote online.

How do I file a claim with Maryland Auto Insurance?

Maryland Auto Insurance offers 24/7 claims assistance through their online portal and via telephone. Customers can visit their claims reporting service online to file their claims or dial 800-492-7120 to get assistance.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a cleaning driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Written by
Lizzie Nealon
Insurance Writer
Lizzie Nealon is a former insurance writer for Bankrate. Her favorite part of the job is making home, auto and life insurance digestible for readers so they can prepare for the future.
Edited by
Insurance Editor