As of October 17, 2022, Maryland Auto Insurance introduced an improved installment plan for payment of annual premiums allowing My MD Auto Insurance customers to spread out payments after making an initial down payment of 18%.
There is a 8% discount available for customers who choose to pay in full. Customers still have the option of obtaining their own financing for annual premiums with a Premium Finance Company.
Payment plan options are based on the annual premium amount as follows:
After an 18% down payment for personal auto policies:
-9 monthly installments with the first payment due 45 days after the policy is established.
Ask your agent about other payment options.