Car Insurance in College Park, MD
Car insurance in College Park, Maryland, is essential to protecting your vehicle.
Part of Prince George's county and lying 8 miles northeast of Washington, D.C., College Park, Maryland, is home to 34,961 residents. The median income in the city is $69,736 and the average household owns two cars.
The city is home to many businesses, including entertainment venues, such as Herbert Wells Ice Rink or the National Arboretum. Also, as a historic area, the city offers many significant sites, including the Calvert Hills Historic District.
College Park is also home to the University of Maryland. Route 1 and University Boulevard must contend with heavy traffic congestion from nearby highways and the university itself. Despite the historic beauty of the city, the congestion leads to accidents and risky driving conditions.
Because of the risk of collisions, drivers in the city must have adequate insurance. VIU by HUB can help you find the right insurance coverage for your vehicle by allowing you to compare and contrast several policies.
Car insurance is not optional in Maryland. In order to register a vehicle in the state, the government requires owners to have liability coverage. The insurance must come from a state-licensed insurer, and vehicle owners must keep their policies up to date. The law sets minimum coverage requirements at $30,000 for bodily injury, $60,000 for two or more people and $15,000 for property damage.
Beyond being a legal requirement for vehicle owners, insurance is a necessary protection. On average, Maryland experiences 100,000 car accidents annually. Around 80,000 of those accidents result in property damage, and another 20,000 or 30,000 cause physical injuries.
Also, while rated safer than 26% of U.S. neighborhoods, residents of College Park still have a 1 in 817 chance of becoming victims of violent crimes. They have a 1 in 61 chance of becoming victims of a property crime, including theft and vandalism.
Adequate coverage from the right insurance company can help you avoid financial hardships stemming from collisions or criminal activity. Check out VIU by HUB to compare various insurance policies and premiums.
If you want to avoid the cost of car insurance in College Park, you can use public transportation. Like most busy cities, College Park provides bus services. You can also look for private transportation vendors, such as taxi services.
Annual car insurance rates vary based on vehicle make, model and year. In Maryland, a vehicle owner can expect to pay between $815 for minimum coverage and $1,971 for full coverage annually, which is slightly less expensive than the national average for full coverage.
The goal of car insurance is to protect you against financial losses and liabilities. The amount of protection you receive from your insurance policy depends on the type of coverage you qualify for and purchase. Types of coverage options include:
Finding the right insurance coverage is challenging, but, with the right tools, you can simplify things. Check out VIU by HUB to compare car insurance in College Park and find the right one for your budget and needs.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
If College Park Wants More Efficient Transit, It Must First Fix the City's Roads
