Hey mates…
I’ve been hearing a lot about MAIP insurance lately, and I’m a bit confused. I’ve never dealt with it before and I want to make sure I understand it fully before making any decisions. Can someone explain what MAIP insurance is and why I might need it? Are there specific benefits or drawbacks I should be aware of? Also, any tips on how to find the best plan would be super helpful!
Thanks in advance for your help…
Commonwealth Automobile Reinsurers (CAR) manages the MAIP program under government rules.
Hey Clara,
MAIP insurance is basically a backup plan for drivers who can’t get auto insurance through the regular market.
It’s not an insurance company itself but a way to get assigned to one if no company will voluntarily insure you.
The main benefit is that it ensures you have coverage even if you’re considered a high-risk driver. However, the rates can be higher compared to voluntary policies.
To find the best plan, try to get quotes from multiple insurers first. If that doesn’t work, an insurance agent can help you apply for MAIP.
Hope this helps!