Questions You Should Ask When Shopping for Auto Insurance

Shopping for auto insurance can be a nerve-racking experience. It is even more complicated if you are doing it for the first time. If you are currently on the market looking for auto insurance, it is recommended that you ask the following questions. The answers to these questions will help you make an informed decision:

What coverage should I get?

Looking for auto insurance and choosing the right plan is an individual experience. You can choose from several coverage types. These types are collision, comprehensive, and other coverage types. 

The Deductible: how high should it be?

First of all, make sure to understand what the deductible is. It is the amount of money that a policyholder has to pay before their insurance covers the rest. Depending on your insurance plan, the deductible can be any amount. You should know and remember that the higher the deductible, the less you will pay for your insurance every month. 

Is there something that my insurance plan does not cover? 

Yes, there is. Any insurance plan has certain limitations, meaning it does not cover everything. The contract you are signing with an insurance agency contains all the information about limitations. However, ask an agent to tell you about them. 

It is normal to ask questions when you are shopping for insurance. It would be best if you asked questions to make the right choice. If you are from Laurel, MD, or any other surrounding area, and you are searching for car insurance, Mid Atlantic Insurance Financial is the right insurance company for you. We are a local team of insurance experts with knowledge and experience who are ready to assist you in purchasing the insurance you need. At Mid Atlantic Insurance Financial, we work with clients in Laurel, MD, and all over Maryland. 

Things You Should Ask When Shopping For Auto Insurance

Responsible drivers and car owners know that having proper car insurance is extremely important. It protects a car owner/driver, vehicle, and passengers. If you want to ensure you get the right policy, you should ask the right questions. Here is a list of several options that you should always ask an agent when shopping for insurance:

What Type of Coverage Do I Need?

You should be aware of different coverage types, such as liability, collision, comprehensive, uninsured/underinsured motorist, and others. Talk to an insurance agent to discuss your insurance needs and determine your coverage types. 

How Much Deductible Should I Have?

Your deductible is the out-of-pocket amount before your insurance kicks in and covers the rest. It would be best if you chose a deductible you can easily afford. 

How Is Your Premium Calculated?

Understand the factors that impact your monthly premium. These factors usually include your driving history, car make and model, age, and location. Knowing this can help you make an informed decision about your insurance policy.

Can I Customize My Policy?

Ask an insurance agent whether it is possible to customize your policy to fit your specific insurance needs. The ability to adjust your insurance policy can ensure that you are not paying for unnecessary extras. 

What Is the Claims Process Like?

Learn as much as possible about filing a claim. It would be best to learn about the expected response time and the insurer’s track record for customer service. A smooth claims process in stressful situations such as a car accident is extremely important. 

If you live in Laurel, MD, and are shopping for auto insurance, Mid Atlantic Insurance Financial is ready to assist you and provide all the necessary assistance. Contact Mid Atlantic Insurance Financial, serving clients in Laurel, MD, and other nearby towns, to learn more about all the available insurance options.

Does Auto Insurance Cover Wild Animal Damage?

Auto insurance protects you from risks while on and off the road. Customizing your coverage to offer protection from unexpected events such as wild animal damage is also possible. Let the Mid Atlantic Insurance Financial experts help you get the insurance coverage you need to prevent loss. We proudly serve the residents in and around the Laurel, MD, area. 

Comprehensive Insurance Coverage 

If you have comprehensive insurance coverage, it will protect your vehicle from mishaps and incidents that are non-collision or liability-related. In instances where wild animals damage your vehicle, your comprehensive insurance coverage will provide protection. Examples of feral animal damage can include bears, moose, deer, and raccoons.

If you need to obtain high-quality, comprehensive Auto insurance, our experts can help. We can determine which levels of coverage are necessary to offer you the best blanket of protection against the unexpected. We take the time to learn which policy options match your needs and assist you with submitting documentation to acquire your insurance quickly. We also educate our customers on each policy’s terms and conditions so they can be well informed. We aim to provide insurance products and services that offer peace of mind.

Find Out More 

Having adequate auto insurance coverage is essential to prevent loss associated with risk. If you would like to learn more about comprehensive or any other insurance product we offer, please get in touch with us. Feel free to call or stop by the Mid Atlantic Insurance Financial office, proudly serving Laurel, MD. Don’t guess when it comes to securing your auto insurance coverage. Let us work with you to help you feel secure on and off the road.

What Happens If Auto Insurance Lapses?

Auto insurance is probably one of your most important monthly expenses because the consequences of losing your insurance are steep. At Mid Atlantic Insurance Financial, serving Laurel, MD, and the surrounding areas, we want to help our customers avoid these consequences. Let’s learn more about what happens if auto insurance lapses. 

Legal Consequences 

First, you should know that there are legal consequences for driving without insurance. If you are caught driving without the proper insurance in place, the police do have the right to suspend your license. This can have far-reaching effects on your entire life. This could affect your job, it could affect your relationships, and if you’re in school, it could affect your ability to get back and forth to school as well. You always need to keep auto insurance current to avoid these consequences. 

Financial Consequences 

The other damaging consequence you might face would be financial. Auto insurance was created to help protect motorists from the steep financial consequences of accidents. Having an accident, even if you were the only vehicle involved, is expensive. If your car is damaged or lost, the repairs or replacement of that vehicle must be addressed  If other cars are involved, then you are responsible for the repairs or replacement of all vehicles involved. 

If there were also injuries in the accident, you would be held legally liable to pay for those expenses if you were found to be at fault. All these expenses add up quickly and could spell out financial disaster for you if you were required to pay for these expenses by yourself. Auto insurance protects you from this and pays for these expenses on your behalf.

To learn more about auto insurance, please get in touch with us at Mid Atlantic Insurance Financial, serving Laurel, MD, and the surrounding areas. 

Demystifying Auto Insurance in Maryland: Your Go-to-Guide for Complete Coverage

Navigating the complexities of auto insurance coverage, rates, and policy provisions can overwhelm Maryland drivers. Mid Atlantic Insurance Financial in Laurel, MD, can provide sound advice and help you choose the best auto insurance! 

Drivers in Maryland must carry the minimum amount of insurance mandated by the state. Drivers caught without proper insurance coverage and Maryland can face unwanted penalties and fines.

Maryland Auto Insurance Coverage Options

Get Liability Coverage to Meet State Minimum Requirements

Liability coverage is Maryland drivers’ most basic auto insurance coverage to meet the state minimum requirements.

Most people get liability insurance when they only need the basic minimum, and they aren’t concerned about adding on comp or collision coverage that offers additional financial protections. 

Collision and Comprehensive 

Collision and comprehensive insurance add more coverage to your auto insurance policy, which helps financially protect policyholders from accidental damage, vandalism, and other devastating outcomes that can cause them to have to pay out-of-pocket expenses for repair or replacement caused by accidental damage. 

Get advice from a licensed insurance agent to learn more about individual policy premiums and coverages to stay compliant with Maryland auto insurance laws. 

How to Start an Auto Insurance Policy in Maryland

Ready to start an auto insurance policy in Maryland and don’t know where to begin? No worries! An experienced Mid Atlantic Insurance Financial insurance agent can help you understand the benefits of bundled insurance policies and adding on premium coverage like emergency roadside assistance and towing.  

Get a Maryland Auto Insurance Quote Today

The insurance professionals at Mid Atlantic Insurance Financial in Laurel, MD, can help demystify the process of choosing the best auto insurance to meet your family’s needs. 

Contact a licensed insurance agent today for a free quote! 

Do Accidents Raise Your Insurance Rate if It’s Not Your Fault?

Having adequate auto insurance in place is required by law, but choosing the right policy and benefits to suit your lifestyle is essential. If you’re looking for quality auto insurance, Mid Atlantic Insurance Financial experts can provide the support you need to choose the proper coverage. We proudly serve the residents of Laurel, MD, and encourage you to reach out to us to learn more.

Accidents

Accidents can happen at any time. That’s why having the right insurance in place is so crucial. Individuals recently involved in accidents that weren’t their fault may wonder if their insurance rates will increase. However, the general rule of thumb is that your insurance rate won’t increase if the accident is not your fault. It’s essential to understand the terms and conditions for each auto policy because not all insurance policies are the same.

Our helpful team members work hard to explain each policy’s fine print to ensure the customer is well-informed. We carefully assess each person’s situation and recommend policies based on those needs. Not only do we assist our customers with purchasing the policy, but we also offer support and guidance throughout the policy’s lifetime. We can provide documentation submissions and assist with any future claims.

Find Out More 

If you are currently interested in acquiring insurance for your automobile, be sure to reach out to Mid Atlantic Insurance Financial, proudly serving the residents in and around the Laurel, MD, area. Call or stop by the office today and get answers to questions or consult with an insurance professional to learn more about coverage options in the services we provide.

 

Don’t Drive Illegally – Get Auto Insurance

Did you know driving without car insurance in 48 out of 50 states is illegal? Let Mid Atlantic Insurance Financial, serving the Laurel, MD area, provide you with this coverage so you can drive legally.

Car insurance is required because the liability coverage portion of your policy will help pay for covered losses like the other party’s medical expenses and any damage done to their vehicle or property resulting from the incident. This critical coverage financially protects you if you are at fault in an accident. It will cover the injured party’s medical costs or the repairs to their vehicle.

If you do not have insurance, the police will probably charge you with driving without insurance. You could then lose your license and face a hefty fine and sometimes jail time, depending on your state. When you then decide to purchase car insurance, you will pay a higher premium for the coverage.

You could lose your vehicle if your car insurance is canceled for non-payment of premiums. Throughout the term of a loan, lenders require borrowers to have an active insurance policy. If the premium payments are no longer made, the auto loan provider can repossess them.

If you can pay monthly or annual premiums, annually is almost always the least expensive way to pay. Many insurance companies will give you a discount for paying in full as it requires less processing for them.

Insurance companies will not charge you more if you are financing your vehicle. But you will have more coverage requirements which will cost more than if you owned the car outright.

Don’t drive illegally. Make sure you have auto insurance. Mid Atlantic Insurance Financial can give you a quote or answers to questions. Contact our team today.

Don’t Be Caught Driving Without Car Insurance

Are you a licensed driver in the Laurel, MD area? Are you insured? If not, Mid Atlantic Insurance Financial professionals can provide you with the necessary coverage.

Did you know it is illegal to drive without auto insurance in 48 out of 50 states? Auto insurance provides financial protection. If you cause an accident, you may be held liable for costs related to it, including legal fees, the injured party’s medical costs, and their lost wages if they are unable to work. Liability coverage helps to pay for these expenses.

Collision coverage pays for the damage to your car in the event of a car accident, regardless of fault. For example, if your vehicle gets rear-ended while in stop-and-go traffic, this coverage helps cover the costs of repairing your damaged bumper. If the situation is reversed and you hit someone from behind, this coverage pays to repair your damaged front end.

Also, if you lend your vehicle to someone and they accidentally hit another car, the collision insurance coverage will help cover the costs of the damage to your vehicle.

Comprehensive coverage pays for damages to your vehicle in non-collision accidents. Things such as theft, vandalism, weather events, or damage due to natural disasters will be covered. For example, if your car is parked in your driveway and a strong wind takes down a huge tree branch in your yard, lands on your car’s roof, and causes a dent, comprehensive coverage helps pay for the repair costs.

Don’t risk driving without car insurance. The financial implications of doing so are too great to risk. A lawsuit could result, or you risk losing your driving privileges. Don’t allow that to happen.

Contact Mid Atlantic Insurance Financial today for a no-obligation quote or answers to any questions you may have.

What is the 80/20 rule for car insurance in Laurel, MD?

At Mid Atlantic Insurance Financial, we know auto insurance can be expensive. The 80/20 rule is a type of insurance in Laurel, MD that only pays for damages to the other driver’s vehicle and property if you are found at fault in an accident, but it doesn’t pay for the damages to your car.

The 80/20 rule is so named because it requires drivers to carry insurance that covers only 80 percent of the value of their car. The remaining 20 percent would be paid out-of-pocket by the driver in the event of an accident. For example, let’s say you have a vehicle that is worth $10,000. Under the 80/20 rule, your insurance would cover $8,000 of damage to the other driver’s car. You will have to pay the remaining $2,000.

There are a few things to remember if considering the 80/20 rule for your car insurance. First, this type of coverage is not required in all states. It is only available in a handful of states, including Maryland. 

And finally, it’s important to remember that 80/20 comes with some risks. Because you only carry liability coverage, you will be responsible for 100 percent of the costs to repair or replace your car if it is damaged in an accident. You could end up paying a lot later to save money now.

While the 80/20 rule can save you money on your monthly premium, weighing the risks and rewards before deciding if this type of coverage is right for you is important. If you are in Laural, MD, contact Mid Atlantic Insurance Financial to discuss whether this is a good option.

What is the 80/20 rule for car insurance in Laurel, MD?

At Mid Atlantic Insurance Financial, we know auto insurance can be expensive. The 80/20 rule is a type of insurance in Laurel, MD that only pays for damages to the other driver’s vehicle and property if you are found at fault in an accident, but it doesn’t pay for the damages to your car.

The 80/20 rule is so named because it requires drivers to carry insurance that covers only 80 percent of the value of their car. The remaining 20 percent would be paid out-of-pocket by the driver in the event of an accident. For example, let’s say you have a vehicle that is worth $10,000. Under the 80/20 rule, your insurance would cover $8,000 of damage to the other driver’s car. You will have to pay the remaining $2,000.

There are a few things to remember if considering the 80/20 rule for your car insurance. First, this type of coverage is not required in all states. It is only available in a handful of states, including Maryland. 

And finally, it’s important to remember that 80/20 comes with some risks. Because you only carry liability coverage, you will be responsible for 100 percent of the costs to repair or replace your car if it is damaged in an accident. You could end up paying a lot later to save money now.

While the 80/20 rule can save you money on your monthly premium, weighing the risks and rewards before deciding if this type of coverage is right for you is important. If you are in Laural, MD, contact Mid Atlantic Insurance Financial to discuss whether this is a good option.