Maryland

Insurance Requirements for Maryland Vehicles


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Insurance Requirements for Maryland Vehicles

Did you know Maryland is a mandatory vehicle insurance state? What does this mean for you? 

 

 

In order to register your vehicle in Maryland you must have liability insurance. How do you know if you have the adequate amount of coverage?

 

1.  All Maryland vehicles MUST be insured at ALL times by a vehicle insurance company licensed in Maryland. Your vehicle insurance must cover, at a minimum:

  • $30,000 for bodily injury
  • $60,000 for 2 or more people
  • $15,000 property damage

 

For a Transportation network company who is an affiliate of a company that provides taxicab services with no fewer than 26 nor more than 300 transportation network operators. Your vehicle insurance must cover, at minimum:

  • $50,000 for bodily injury
  • $100,000 for 2 or more people
  • $25,000 for property damage

 

2.  Return your license plates to any MVA branch office before you cancel your vehicle insurance.

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Personal Finance Seminar | University of Maryland Extension

Financially Successful Aging: A Practitioner’s Seminar to Later Life Financial Well-Being

SAVE THE DATE:  May 14, 2020  9:00am – 5:00pm ET

The Personal Finance Seminar is a fully-online, virtual training event. 

The outstanding group of speakers include:

  • Angela Antonelli, Georgetown University, “From Savings to Security: The Need to Improve Retirement Readiness” 

  • Luke Erickson, Ph.D. Personal Finance Extension Specialist, University of Idaho Extension, “Identifying Senior Scams

  • Christine Moriarty, President, MoneyPeace, Inc, “Beyond Retirement: Planning for the Senior Set

  • Hector Ortiz, Senior Policy Analyst, Consumer Financial Protection Bureau, “Pathways to Financial Well-Being among Older Adults

  • Diana Varela, Public Affairs Specialist, Social Security Administration, “All You Need to Know About Retirement

  • Nicole Wipp, Founder & Lead Attorney, Family & Aging Law Center PLLC, “Fundamentals of Estate Planning: How to be a ‘hero’ to your clients & their families when

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Maryland Department of Commerce | Business Resources

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