The three main types of auto insurance available in Maryland

Doing your research and informing yourself is an essential part of meeting your auto insurance needs. We can help you learn about all your auto insurance options at Mid Atlantic Insurance Financial.

The following are the three main types of auto insurance you should be aware of when you’re looking for a policy in Laurel, MD.

Liability coverage

Liability coverage is the most basic type of auto insurance coverage. Liability coverage is required by law in almost all states.

Liability coverage pays for damages the policyholder causes to the properties of others. Liability coverage also covers medical costs that the policyholder causes. 

You’ll need to purchase liability coverage as a basic part of your auto insurance policy to meet legal requirements in Maryland. 

Collision coverage

Collision coverage protects the policyholder against damages to his or her own vehicle. Without collision coverage, you may find yourself having to pay out of pocket for damages to your own vehicle in an accident. Investing in collision coverage gives you greater peace of mind and helps bring down the chances that you’ll suffer the loss of your vehicle in an accident without being compensated. 

Comprehensive coverage

Although collision coverage protects you against damages to your own vehicle resulting from an accident, there are certain potential causes of damage that won’t be covered under collision coverage. For example, collision coverage typically won’t cover damage caused by fire or theft. 

Comprehensive coverage provides coverage for numerous additional types of damage including damage from fire, theft, vandalism, and more. 

If you’d like to learn more about auto insurance options in Laurel, MD, let us know at Mid Atlantic Insurance Financial. We can answer your auto insurance questions and provide you with helpful information to best meet your auto insurance coverage needs. 

What are the benefits of auto insurance?

For people that are in the Laurel, MD area, owning a car is a good idea as it will make it much easier for you to get around town and complete your daily tasks. If you do purchase a car, you need to make sure that you get proper insurance. There are several benefits that come when you receive a full auto insurance policy. 

Ensures Legal Compliance

Another benefit of getting auto insurance is that it will ensure legal compliance. Those that want to drive a car here are going to consistently take on the risk that they could cause an accident. Due to this, the state wants to ensure that all drivers have the ability to pay for any damages that they cause. Drivers are required by law to carry full collision and comprehensive insurance policies at all times. 

Covers Vehicle

Another reason to get an auto insurance policy here is that it can cover your vehicle. If you do drive a vehicle here, you will want to make sure that your asset is protected against any risk that could result in a loss. With a full collision and comprehensive insurance policy, you can receive this coverage and protection as it will protect against the risk of damage, theft, or a variety of other losses that could occur. 

Anyone that is in the Laurel, MD area should reach out to Mid Atlantic Insurance Financial when they are looking for a new auto insurance policy. Picking auto insurance is not easy and it is a very big decision. When you call Mid Atlantic Insurance Financial, you are going to receive personalized support and care that you need to choose a policy. This can help to ensure that you are properly covered at all times. 

The Questions To Ask Your Insurance Agent When Buying Auto Insurance

Purchasing auto insurance may be a challenging experience. Thankfully, you have a good and reliable source of information  – your insurance agent. They are able to answer the questions to help you to get the perfect coverage that will protect you as a driver and your vehicle. Mid Atlantic Insurance Financial serving Laurel, MD has prepared the list of questions you should ask your agent before getting a certain policy: 

What coverage do I need? 

Since every situation is different, the insurance needs are different as well. There are following auto insurance coverages that are available: comprehensive, collision, personal injury, and uninsured and underinsured motorist protection. In order to decide what coverage you need, you should talk to your insurance agent. 

Are there any discounts am I eligible for?

It is important to ask your insurance agent about the available discounts. There are plenty of discounts you may be able to get,  including good student, safe driver, paid-in-full, safety features, and others. 

What is my deductible?

A deductible is an amount you will have to pay out of pocket before your insurance policy starts to pay. The higher the deductible is, the lower cost of insurance. Ask your insurance agents about deductible options and pick the one that is the most affordable for you. 

What will be covered in case of an accident?

Always get the specifics on what happens if you are involved in a car accident. Do not forget to aks such questions as "What if the other driver or other people are injured?", "What does exactly my policy cover?", "What will happen if someone hits me?" and other questions. 

If you are currently shopping for auto insurance and have questions to ask, do not hesitate to contact Mid Atlantic Insurance Financial serving Laurel, MD, and talk to one of its agents, who will be able to provide all the information you need.

Common Myths About Auto Insurance

Getting insurance for your car is a complicated and sometimes confusing process: you have to decide how much coverage you need, compare quotes and companies, and choose a deductible. In addition, there are myths about auto insurance that have nothing in common with reality. In order to help you, Mid Atlantic Insurance Financial serving Laurel, MD decided to break down and debunk some of them: 

Myth 1: It is enough to set your car to the state minimum

You may think that getting a minimum coverage set by the state is more than enough. In reality, setting your vehicle at the bare minimum will leave you completely unprotected. In case of an expensive accident, you might be responsible for paying a lot out of pocket because the state minimum will barely cover anything. 

Myth 2: Your credit does not affect insurance costs

The cost of your auto insurance depends on many factors, including your age, history of making claims, driving history, and your credit. People with higher credit scores tend to have fewer accidents, so insurance will be cheaper for them. 

Myth 3: The color of your car affects the insurance rates

Many people mistakenly believe it is more expensive to insure red cars. It might be because many sports cars come in red, or because red cars’ owners are believed to be fast and aggressive drivers. But whatever the case, it is just a myth, and the color of your vehicle does not have an impact on the cost of insurance.

Now that you know more facts about auto insurance, it will be easier for you to make the right and informed decision. If you need help in finding the best insurance plan based on your budget and needs, Mid Atlantic Insurance Financial serving Laurel, MD is ready to assist you. Give us a call today to get more information about the options available. 

Understanding Uninsured Motorist Coverage with Auto Insurance

Getting into a car accident is something that no one ever looks forward to. A car accident can result in damage to your vehicle, injuries, and more. It is a miserable experience you do not wish for anyone. Thankfully, you usually will have auto insurance coverage there to help make you whole and get back to normal. What happens, though, when the at-fault driver does not have auto insurance?

The coverage that you need to be sure you have with your auto insurance policy is known as uninsured motorist coverage. The value of uninsured motorist coverage is that you are going to be able to file a claim with your insurance company where you are not at fault, but you can still recover.

Say you get into an auto insurance accident and you are not liable for the accident in any way. The first thing that happens is you file the claim and it is determined the other driver is at fault. Your insurance company will then try to recover those losses from his or her insurance company. If they do not have auto insurance, there is no other auto insurance company to recover from. This is where uninsured motorist coverage will come into play.

When your insurance company cannot get reimbursed for your losses, which you are not at fault for, they will payout for those losses to you under the uninsured motorist coverage. This can protect you in the event of this scenario. With so many folks driving without insurance in Laurel, MD, and other parts of the United States, uninsured motorist coverage is a must. Work with the Mid Atlantic Insurance Financial team today to make sure it is part of your auto insurance coverage.

Three things you didn’t know about auto insurance

A lot of consumers are unaware of some important factors regarding auto insurance. If you’re a vehicle owner in Laurel MD, you should know the basics of auto insurance to pick the best policy for you. You can learn more about auto insurance by visiting our website at Mid Atlantic Insurance Financial. 

The following are three things you didn’t know about auto insurance. 

The cost of an auto insurance policy varies significantly between different providers.

You might not be aware of just how much auto insurance policy premiums can differ between providers. You definitely want to shop around and compare costs. You might find that one provider will insure you for significantly less than another provider will charge. 

Motorists have a lot of possible auto insurance discounts available to them. 

You should definitely explore discounts to see if you can save money on auto insurance. You could qualify for discounts based on your driving record. You could bring down your premium with some insurers by taking a DMV driving safety class. You could also get a discount if you bundle your auto insurance with another type of insurance like home insurance. 

Insurers also offer discounts sometimes when vehicle owners make safety updates on their vehicles. If you get some added safety features installed in your vehicle like an anti-theft system, you might qualify for a discount for coverage. 

You have to purchase collision coverage separately. 

You generally have to purchase liability and collision coverage separately. Liability insurance is typically the only type of insurance required by law. You can decide whether you want to add collision coverage to compensate you for damages to your own vehicle. 

If you need to find the right auto insurance in Laurel, MD, we’re here to assist you. Contact us at Mid Atlantic Insurance Financial to learn about our policy options. 

How to Prep Your Car for Holiday Travels

Whether you’re going out of town for the holidays or having relatives visit you, you’ll need reliable transportation. Prepping your vehicle for the holidays ensures it will be in good shape for your holiday travels. Start by reviewing your auto insurance to make sure you have the protection you need on the road. Here are a few other ideas from Mid Atlantic Insurance Financial in Laurel, MD on how to prep your vehicle for the holidays.

Service Your Vehicle

Have your vehicle serviced before hitting the road to make sure all systems are running smoothly. Your mechanic should check your fluids, belts, coolant system, wipers and tires to enhance your safety during long-distance travel.   

Assemble an Auto Emergency Kit

Winter driving in Maryland is hazardous enough without having to endure a breakdown by the side of the road. By stocking up on emergency supplies, you can be prepared for any eventuality. Your auto emergency kit should include jumper cables, flares, flashlight with fresh batteries, cell phone charger, ice scraper, first-aid kit, matches, blankets, water and healthy snacks for the kids.

Protect Your Interior

Winter road trips can take a toll on the interior of your car as passengers track in mud, slush and snow entering and exiting the vehicle, not to mention food crumbs on seats and flooring. Investing in all-weather floor mats and seat covers will protect the interior of your car during holiday travels. Make sure you have plenty of trash bags and paper towels on hand for wiping grubby hands and cleaning food and drink spills.

Holiday driving can be a challenge. By prepping your car in advance and acquiring comprehensive auto insurance, you can protect your vehicle and family during your winter road trip. Contact us at Mid Atlantic Insurance Financial in Laurel, MD, today for all your auto insurance needs.

Summer Is Almost Over. Time To Review Your Auto Insurance

Summer is almost over, which means it’s time to focus on your auto insurance policy. When you’re in Laurel, MD, it’s important to know that you have the coverage where it counts. Agents at Mid Atlantic Insurance Financial can help you with building a policy that you can rely on, too.

Review Your Coverage

Now is the perfect time to review coverage. Particularly as you’re getting ready to head into the colder weather, you want to know that you have higher coverage limits to cover accidents due to snow and ice. If you get into an accident that causes more damage than what your insurance limits cover, you could be paying thousands of dollars out of pocket.

You want to make sure you have the coverage where you need it. With the help of an independent insurance agent, your policy can be reviewed. From there, we can make recommendations on how to boost your coverage.

Avoid Overspending

Insurance premiums can get expensive if you’re not careful. Just because you have been with a particular insurance company for years doesn’t mean that they’re the most affordable option. Especially if your premiums have gone up recently for no apparent reason, it might be time to do some comparison shopping. Our agents can get quotes to help you with the process.

Add Drivers

You want to make sure that your policy is covering everyone in your house, and the end of summer can serve as a great reminder to look at your auto insurance. If you have teen drivers who have just gotten their permit, be sure to get them added to your policy. It will ensure that all drivers in your household are included.

Let us help you with coverage in Laurel, MD. Call us at Mid Atlantic Insurance Financial today to discuss your auto insurance policy.

Understanding the Three Most Common Types of Auto Insurance

If you operate a motor vehicle in Laurel, MD, you must carry auto insurance. There are several types of auto insurance to choose from; each of which has its advantages and disadvantages with regard to cost and coverage. Before contacting Mid Atlantic Insurance Financial to purchase a policy for automobile insurance, it’s beneficial to know and understand the different options. To help you get started, here is some brief information on the three most common types of auto insurance.

Comprehensive Auto Insurance

Comprehensive, also known as full coverage, is just like it sounds-it covers almost any type of damage and/or injuries to you, other drivers and/or property.  With a comprehensive insurance policy, if you are involved in an accident, whether it is your fault or not, after paying the deductible, the policy will cover the costs incurred. For instance, if your involved in an accident with an uninsured driver,  your comprehensive insurance will cover the costs of damages to your vehicle. Regardless of how undervalued you think your vehicle is, comprehensive insurance is the best option to ensure you and your vehicle are protected in any type of auto accident.

Liability Auto Insurance

Liability is the minimum requirement for most states, including MD. Liability insurance is generally the lowest cost option, but it will only cover damages to another person’s property; this policy will not cover damages to you or your vehicle. If you have financed your vehicle through a bank or loan company, most will require you to carry more than a liability on the vehicle. If you have an older vehicle that is not driven very often, liability may be a good option; however, it’s important to talk to your insurance representative to ensure that this type of insurance is suitable for your needs.

SR22

SR22 insurance is also known as an SR22 bond, which means you have agreed to provide a “bond” with the state in order to operate a motor vehicle. This type of coverage is generally required if you have been involved in a situation that cost you driving privileges for any amount of time. For instance, if you have multiple driving under the influence charges or were involved in an automobile accident and you did not have insurance at the time of the accident. Before your driving privileges are reissued, you will be required to obtain an SR22 insurance bond.

Residents of Laurel, MD who want to learn more information about or to purchase automobile insurance should contact Mid Atlantic Insurance Financial.

3 things to know about car insurance

Insurance experts will often tell you to purchase as much car insurance as you can afford. Well, that’s pretty off especially for individuals owning cars for the first time. Unless you are well-informed about how auto insurance works, it is easy to feel overwhelmed over what to buy and what to skip.

However, according to Mid Atlantic Insurance Financial, there are three crucial things you should know about car insurance. This will help you determine what coverages are best for you. 

1. Some of the most useful coverages are the cheapest!

In the insurance industry, let no one lie to you that ‘cheap is expensive.’  Every state has the minimum auto insurance coverage every driver is required to have. This requirement ensures that the essential areas of your car are protected. Keep in mind that the type and price of your vehicle also plays a critical role in determining your coverage limit.

2. Many factors can affect your car insurance rates.

If you own a car in Laurel, MD, then you probably have come across various auto insurance companies with varying insurance rates. All these companies have different ways of evaluating an insurance application. For instance, at Mid Atlantic Insurance Financial, we have several guidelines that, we follow that help to arrive at certain conclusions.

3. You pay more in the long run if you allow your policy to lapse.

The law, as well as all auto insurance companies, view drivers who aren’t licensed or insured as irresponsible and risky. For this reason, you are likely to pay more if you let your insurance policy lapse. It is a penalty to ensure that drivers have insurance coverages at all times.

For quotes or policy inquiries, visit us at Mid Atlantic Insurance Financial in Laurel, MD today.