What Kind of Insurance do I need? All vehicles registered in the state of Maryland and the District of Columbia are required to carry Liability Insurance. If you are making payments on your vehicle, the Leinholder (bank, finance company) will, most likely, require you to carry full coverage in order to protect their property from loss of value.
If you own your vehicle outright, you will have the choice of purchasing either full coverage or just liability. This decision should be based on the value of the vehicle and the amount of risk you are willing to accept.