According to the article “Senate Approves Bill to Increase Auto Insurance Liability Coverage” by Michael Dresser on baltimoresun.com, quotes on auto insurance in Maryland are due to change because of the new law. The Senate voted to raise the minimum liability limits for auto insurance policyholders for the first time in about 38 years.
The final vote for this landmark decision was 27-20, sending the bill to Governor Martin O’Malley for his approval. The law was approved after a tough fight led by the Senate Republicans as well as some Democrats. The measure put state’s lawyers and some of their clients against auto insurance companies and advocates for the poor which was a point constantly made by GOP senators.
The new bill is expected to affect over 200,000 Maryland residents who have the minimum amount of auto insurance coverage. Most of the approximate 2 million policyholders who carry more comprehensive protection will not be as affected. It’s still to be determined exactly how Maryland auto insurance quotes will be affected.