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A new law has been proposed by Maryland State that would increase auto insurance rates if a driver has been convicted twice for alcohol-related offenses. This law, sponsored by Republican Del Tanya Thornton Shewell, would increase personal liability insurance for those found guilty of this offense.

About House Bill 526

The proposed law is currently known as House Bill 526 and plans to increase auto insurance premiums, specifically liability, for those with more than one drunken driving offense. The reason for the increase in liability rates is to beef up the minimum amount of coverage offenders are liable for in relation to claims involving destruction of property or damage and bodily injuries caused by drunken drivers.

Insurance companies would be required to conduct a background check on customers to see if they are required to abide by this rule. If so, the customer would have to purchase $100,000 for one person injured, $300,000 for multiple injuries and $100,000 for property damage. This compares to the current standard for everyone which is $20,000, $40,000 and $15,000, respectively.

History of Misdirected Auto Rate Delegation

It's been known for years that factors like bad credit and location have affected auto insurance rates, to the disappointment of many legislators, because some have felt that those with good driving records are unfairly punished for factors unrelated to behavior on the road.

It's for this reason that the increase in liability insurance may please legislators and drivers. In this instance, those who have committed the crime will be punished via their insurance - not everyone else.

In addition to ensuring that those who have committed the drunken driving offense more than once pay more for their car insurance rates, Thornton Shewell hopes that this adjustment, if passed, would encourage individuals to not drink and drive. She hopes the bill will turn into a law to help keep the roads safer for everyone.

The ownership of GMAC Insurance property and casualty division was fully transferred to American Capital Acquisition Corp. on Tuesday. The GMAC division includes commercial vehicle, motorcycle, RV and standard auto insurance offerings.

GMACs Deal

As a part of the deal, GMAC Insurance Personal Lines will retain the rights to use the name GMAC Insurance in association with its remaining insurance operations. GMAC Insurance Personal Lines has been operating since 1925 and has a Top 20 auto insurance company position. Currently, the company operates in 47 states, as well as the District of Columbia.

What Will Happen to Your Policy?

If you have an auto insurance policy with GMAC, the transition will not have an impact on existing policies and coverage options. The company has assured customers that procedures such as customer service, sales and claims operations for those who already have existing policies will also remain in full force. In other words, customers can expect no significant changes to occur.

If youre concerned about your GMAC Insurance policy and think that it may be time to shop around for a new policy, youre in luck. By visiting Go Insurance Rates, you get the ability to connect with several auto insurers in your area to find accurate low-cost quotes in minutes.

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