Should You Make Your Teen Pay For Their Own Auto Insurance?

Handing over the car keys to your teenager for the first time can be terrifying. If they’re responsible enough to drive a car, are they responsible enough to pay for their own car insurance? Here at Mid Atlantic Insurance Financial, we’re not going to actually tell you what to do, but we are going to give you some things to think about when it comes to footing the bill for your teenager’s auto insurance.

Why they should pay for their insurance

Teenagers are inherently inexperienced drivers, making their premiums higher. Making teens pay for their own insurance can help teach them responsibility, which can lead to them being safer on the road, whether they’re driving close to home near Laurel MD or embarking on their first road trip. Also, if teens are aware that the price they are paying could go up if they get in an accident, they will be even more likely to drive safely. Making teens pay for insurance also helps them understand how insurance works so they’re not clueless when they get out into the real world.

Why they shouldn’t pay for their insurance:

Some argue that you should let kids be kids, and let teens be teens. They’ll be paying for things for the rest of their lives, so give them a few years to be more carefree. Another advantage to paying for your teen’s auto insurance is that it gives you more leverage to take away driving privileges as a punishment or consequence of irresponsible behavior.

Clearly, there are advantages for both sides of the coin. Ultimately, you need to think about what will work best for your family and for your teen. Maybe a mixture works for you, or maybe you let your teen know that they will need to start paying for their insurance if they do get in an accident that raises their rates. No matter what you choose, Mid Atlantic Insurance Financial can help you get the coverage you need for your brand new teen driver. We serve Laurel, MD, and the surrounding areas.

Does My Auto Insurance Policy Cover Driving For Uber?

More and more people are driving for Uber. If you decide that you want to be an Uber driver around Laurel, MD, it’s important to look at whether your auto insurance policy will provide you with sufficient coverage. At Mid Atlantic Insurance Financial, there are agents dedicated to helping you get the right policy.

Exclusions in Your Policy

Often, insurance companies have various exclusions within auto policies that would prevent you from having the necessary coverage if you have to file a claim. The most common exclusion is “driving for hire” and Uber is classified as this.

You will want to check with the insurance company to find out whether your policy covers any kind of commercial driving. If you don’t, you may need to seek commercial auto insurance so that you are covered.

Doesn’t Uber offer insurance?

Uber does offer some insurance to their drivers. However, most of the insurance coverage is only when the app is on and there are passengers in your car. If you were to get into an accident after dropping off the passenger or while your app is off, you would not have the coverage through Uber.

Since it is impossible to predict what can happen on the road, it is better to find out what kind of insurance you actually need. Driving for many of the ride-sharing services could potentially invalidate your personal auto insurance policy.

You should always be in the know as it pertains to your auto insurance. Working with an agent that serves the Laurel, MD area will make it easier for you to get reliable answers. Agents at Mid Atlantic Insurance Financial can help you find the necessary auto insurance policy if you plan on driving for Uber or any of the other ride-sharing companies that are out there.




Will My Auto Insurance Cover Modifications?

Are you planning to custom-paint your car or add major modifications like a supercharger? Car customization often brings automobile insurance ramifications. As a result, you will need a special insurance policy from an insurer like Mid Atlantic Insurance Financial in Laurel, MD since your regular auto insurance may not cover the modifications. 
Modifications covered/not covered by a standard policy
Vehicle customizations are not made by the manufacturer and are typically not included in the standard auto insurance policies. There are insurers who regard a vehicle as customized or modified when the body, chassis, or frame is structurally modified, or the value of the custom paint costs more than several thousands of dollars, or the autos performance is augmented considerably. Most insurers will not cover these enhancements except for rims and tires, which you have to provide receipts for. Still, the amount that the insurer will pay may be less than the original cost.
The coverage you require for customizations
There are two options you have when ensuring your customized automobile:
Supplemental coverage
Most insurance companies provide endorsements that offer supplemental coverage for after-market components and modifications. The premium you will pay for the extra coverage may equate to approximately 10 percent of the modification value, although this depends on the insurance company. 
Collectible/classic car insurance
In case your insurer does not provide the supplemental coverage, you may seek protection from an insurance service provider that offers a classic/collectible automobile insurance plans (which will include modified vehicles).
Before you can modify your car, read the existing policy thoroughly and understand the exceptions and exclusions. Talk to your insurer or agent and let them know that you want to make changes to the vehicle. The company will advise you accordingly on your options. If you live in Laurel, MD area, consider contacting Mid Atlantic Insurance Financial for more information.

How to Change Auto Insurance Providers

When your auto insurance is close to renewal, the easier approach is to stay with the same insurer and continue paying the same premiums as before. Nevertheless, this could prove costly later on. There is always a possibility of getting a better deal when you switch your Laurel, MD insurance provider.

At Mid Atlantic Insurance Financial, we recommend that you shop for a new insurance carrier after every 2 or 3 years. When you shop around, you could end up saving between 5 and 50 percent each year. But when you do find a good rate and make the decision to change your carrier, keep in mind that sloppy transitions often lead to gaps in your auto insurance coverage. Follow these steps to guarantee a successful switch:

Shop Around

Many policies are issued for durations of 6 to 12 months. The best time to start looking for a new carrier will be when:

  • You move to a new state
  • You’re remaining with a month or two before the policy lapses
  • You purchase a new car

When looking to change your insurance provider, make inquiries pertaining to liability protection as well as bodily injury protection.

Establish whether there are Potential Penalties

When you decide that changing your carrier is the ideal move, determine whether you will be penalized for switching before the coverage period comes to an end. Insurers typically allow clients to cancel their policies at any time, but the clients are often required to provide advance notice. If you choose to cancel midterm, inquire from the insurer on the kind of penalties that will be imposed.

Investigate the New Insurer

Thoroughly investigate each insurer before you sign up. Check to confirm if other clients are happy with the way the insurer resolves their claims. Do not just sign up because they are promising lower rates than your current insurer.

Mid Atlantic Insurance Financial provides different auto insurance coverage options in Laurel, MD. Feel free to visit, email, or call our offices for all your auto insurance needs. 

3 Reasons to Get Commercial Auto Coverage

Like many small business owners, you may use your personal vehicle for business purposes. You may deliver products to customers throughout the city or transport clients to or from your business on a regular basis. Any vehicle used for business purposes should be covered by commercial insurance.

Commercial auto insurance from Mid Atlantic Insurance Financial in Laurel, MD will protect your business assets against serious accidents on the job. Here are a few good reasons to acquire a commercial auto insurance policy for your car. 

Comprehensive Coverage

Commercial insurance not only protects you, employee drivers and passengers but covers the cost of property damage to your vehicle, products and equipment due to an accident or natural disaster when on the job. Commercial coverage can also be extended to autos or trucks you rent or borrow for your business to fully protect you against injuries or loss.

Greater Liability Limits

If your vehicle is used extensively for work purposes, you are at greater risk of having an accident on the road. Commercial auto insurance provides you with higher liability limits to protect your assets in the event of a serious accident. Whether you transport goods, equipment or passengers, you can have greater confidence that your insurance is giving you the protection you need.

Claim Rejection

Personal auto insurance protects consumers who use their vehicle for personal use. In contrast, commercial insurance is designed to protect the interests of businesses that use vehicles for work purposes.  

If you only have personal insurance on a vehicle used for work purposes, your insurer could reject an accident claim due to you violating the terms of your personal insurance policy. This could leave you liable for paying for injuries or damages out of pocket.  

For more information on commercial auto coverage and costs, contact us at Mid Atlantic Insurance Financial, Laurel, MD.

Will Auto Insurance Cover Me On My Road Trip?

When you’ve decided you’ve had enough of Laurel, MD and want to see a little more of the world, then you probably want to know what you need to do to prepare for your road trip. Mid Atlantic Insurance Financial wants you to know more about how your auto insurance works when you decide to hit the road. 

Driving In State 

If you want to stay in Maryland, then there’s really no change. You’re covered no matter how many trips around the state you take. What you want to consider though is that all those miles typically makes it more likely that you’ll break down on the side of the road. After all, vehicles (especially older ones) can only handle so much pressure. Most of the time, your insurance won’t cover any of the additional wear and tear you’ll put on the car, nor will it cover emergency road side service unless you have a specific provision on your policy. 

Out of State 

Your auto insurance in Laurel, MD will also transfer to any of the other states you may want to visit in the US. You can even go as far north as Canada without having to get any additional insurance for you or your companions. However, you should probably be aware that if you want to go to Mexico, you’ll need additional liability insurance to drive around legally. 

No matter where you’re planning to go, it’s always the right idea to take precautions. There are more chances something will happen when you’re on the road for an extended period of time, so give Mid Atlantic Insurance Financial a call if you want to go over how much coverage you have now or if you’re looking for a better policy. 

Maryland Title and Registration Information for New Vehicles

If you buy a car in Laurel, MD, the dealer usually handles the title and registration requirements. However, if you buy a car in another state, you may need to submit the application on your own.  Your Maryland dealer gives you the bill of sale and a temporary or permanent license plate so that you will be able to drive the car off the lot. Later, you receive the official Certificate of Title in the mail. Note that, if the car has a title lien pending, the lien holder also receives a Maryland Security Interest Filing.

Documents You Will Need to Register

To title and register your new vehicle in Laurel, MD, gather and submit the required documents. Remember to include the appropriate taxes and fees. Form VR-005, the Application for Certificate of Title, is used to review your application and process your title. In addition, in order to register your vehicle, you must submit proof of insurance. Your policy must meet Maryland’s minimum liability insurance requirements. If you have any concerns regarding your auto insurance coverage, contact Mid Atlantic Insurance Financial, where helpful agents will be glad to answer your questions.

Other documents required are the bill of sale, an odometer disclosure statement and a certificate of origin. The certificate of origin is a proof of ownership document supplied by your vehicle’s manufacturer. For additional liens, the MVA security interest filing is required. If someone is signing for you, a power of attorney form must be completed and signed by you.

Help with Insurance

For questions about title and registration or to receive a quote for auto insurance in Laurel MD, contact Mid Atlantic Insurance Financial. Visit our website or call 301-604-4444 for a free quote today.


Does My Auto Insurance Cover Theft?

Between your busy work schedule and taking the kids to various after-school activities, you have enough on your plate. With your head already full of everyday worries, adding auto insurance coverage to the list is the last thing you need to do. That is why it is important to do your research when deciding on an auto insurance policy. Choosing the right plan will ensure that you are covered no matter what happens. If you are concerned with specific scenarios within the Laurel, MD area, be sure to ask a representative at Mid Atlantic Insurance Financial.

Theft Coverage in Laurel, MD

Under Maryland state law, registered drivers are required to purchase policies that meet a number of specific minimum guidelines. Vehicle theft is not covered under these types of plans. Physical Damage Coverage, also known as comprehensive and collision coverage, will protect against any expense incurred from damage done to your vehicle or loss of the vehicle, itself. This includes damage to your car during an accident that you caused, theft of the vehicle, and vandalism.

Keep in mind that items stolen from your vehicle is a different situation altogether and may not be covered, even with the additional coverage. If someone were to break into your car and steal your personal items, you would not be able to file a claim for the loss. In many cases, only items that are actually affixed to the vehicle may fall under the umbrella of coverage. For example, custom parts that were added to the vehicle will be considered permanently fixed items.

Each state has its own rules and requirements when it comes to auto insurance, so be sure to look over all of your options in order to find the policy that best suits your needs. Contact Mid Atlantic Insurance Financial for more information on service in Laurel, MD.

How Often Should You Change Your Auto Insurance in Laurel?

Your auto insurance doesn’t necessarily need to be updated constantly, but it’s worth thinking about from time to time. At least once a year, you should make a short list of things to consider about your car and your driving lifestyle in Laurel, MD. Find out more about the more common reasons to do so from Mid Atlantic Insurance Financial. 

 Getting More from Your Policy 

When you buy your policy based on price in Laurel, MD, you may end up paying far more than you ever wanted. The bare minimums can put you on the hook for property or medical charges you could never afford, so it might be time for an update if that’s the policy you’ve chosen. When an accident exceeds your limits, you’ll have to pick up the slack straight from your own bank account. The same is true if you’re in a hit-and-run accident. You’ll be responsible for paying for the damages if police are unable to find the person who hit you. Buying additional coverage to cover events like these when you have the chance may bet the smartest thing you could do. 

Additions and Changes 

People love to make their car more fun to drive in. Whether that’s by adding a better sound system or by purchasing expensive and flashy rims, it means that your car is now worth more than it was before. Mid Atlantic Insurance Financial can give you more tips to consider when you’re thinking about updating your coverage. Our staff is here to give you personalized advice that can make you a more responsible car owner and driver. If you’re thinking about reviewing your policy, give us a call today to find out more about our rates and our services. 

Prepping your vehicle for warmer weather driving

Just as you winterized your vehicle, early spring means another round of special maintenance to keep your vehicle running smoothly and safely. So, spring into warmer weather driving with these simple tasks.

* If you put winter tires, also known as snow tires, on your vehicle, take them off now that the weather has changed. You need to switch back to normal tires for warmer weather. They better withstand the road heat of late spring and summer.

* Inspect the tread on your regular tires. Use a penny. Insert it in the center tread. If you see the top of Lincoln’s head, replace your tires. If you see between the beginning of his forehead to his eyebrows, your tires have good tread. Conduct the test on each tread.

* Have an all fluid check conducted. Get an oil change. 

* If you installed winter windshield wipers, now is the time to switch back to regular wipers. The heavier winter wipes make your car work harder to clear the windshield. They are also designed for solid substances like ice and snow. Regular wipers clear rain better.

* Get a tune-up. Have a mechanic check the battery, starter, the engine mechanical, powertrain control, fuel, ignition and emissions.

* Check the hoses and belts. A small tear or worn spot on a belt makes your car work harder. That means it uses more gas and creates more engine wear and tear. Spending a few dollars to replace a hose or belt at the first sign of wear can save you hundreds down the line. 

We at Laurel, MD, Mid Atlantic Insurance Financial hope these tips help you spring safely into warmer weather driving.