Best Auto Insurance Companies In Maryland - The cheapest car insurance companies in Maryland are Geico, Travelers and Erie. The difference between the cheapest and most expensive car insurance in Maryland is $3,356 a year, so it pays to compare prices.
Car insurance in Maryland is usually not cheap. In fact, Maryland is one of the most expensive states in the country for car insurance, ranking 44th in our national cheap car insurance survey. Many Maryland drivers can save $3,356 or more per year by shopping around and going with one of the cheapest rates.
Best Auto Insurance Companies In Maryland
Analyze quotes from all major insurance companies using multiple driver profiles and zip codes to make things easier. You can explore our top picks for the best cheap car insurance in Maryland using the tools below. You can compare the cheapest companies with the best car insurance companies in Maryland to make sure you are getting a good deal.
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Travelers has the cheapest car insurance for top drivers in Maryland. Drivers who have never been in an accident or received a citation are considered good drivers by insurance companies and pay less insurance than drivers with a bad record. In addition to lower rates, good drivers can often get additional discounts from insurance companies.
Full coverage refers to a policy that goes beyond the state's minimum requirements. Because full coverage protects you in more situations, it costs more than the minimum requirements.
Most drivers will see their insurance rates increase for 3-5 years after a speeding conviction. It's important to remember that each insurance company calculates prices differently, so you should always get several quotes to make sure you're getting the best deal.
Because insurance companies will consider you high risk, an at-fault accident will usually negatively affect your insurance for 3-5 years. The higher your prices, the more important it is to comparison shop.
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A low credit score often marks drivers as a higher risk, so insurance companies typically charge them more for coverage. But because insurance companies use different formulas to calculate premiums, bad credit can affect your rates with one company more than another. Because each insurance company approaches credit differently, it pays to compare quotes.
Because young drivers have less experience behind the wheel, insurance companies charge higher rates than older drivers. On average, most drivers will see their rates drop as they age, and by the time they reach age 25, they will drop significantly. Cheapest car insurance for older drivers in Maryland
Although mature drivers pay less for car insurance than teenagers, older drivers start to see rates increase as they age. Comparing car insurance rates can save older drivers hundreds of dollars a year.
Drivers with a DUI on their record typically face higher rates than drivers with a clean driving record or a history of less serious offenses. A DUI typically affects insurance rates for 3-10 years, but the offense itself can stay on your driving record for much longer than that.
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To determine the cheapest post-DUI insurance companies, I compared rates for a 45-year-old single man with good credit between minimum coverage, DUI, and major insurance companies.
Married drivers typically get cheaper car insurance than single drivers. Car insurance companies generally view married drivers as more responsible and less risky drivers. To help married drivers lower their insurance costs even more, major insurers compared rates for a 45-year-old married man with minimum insurance coverage, a clean driving record and good credit.
The cheapest car insurance company in Maryland is Geico, which charges an average of $79 per month for the state minimum coverage. In addition to being the cheapest car insurance company for Marylanders overall, it is also the cheapest choice for a number of special categories, such as comprehensive coverage and good driver insurance.
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Don't forget to include local insurance companies in your search for cheap car insurance. In Maryland, regional insurance companies like Erie Insurance and The Hartford can have lower rates than national companies like Geico and State Farm and have comparable customer satisfaction ratings.
Everyone knows that your driving habits and accident history affect how much you pay for car insurance. But in Maryland, companies can take your age, gender, credit history, marital status and more into account when setting premiums. The car you drive, your annual mileage and even some factors beyond your control affect insurance rates.
If you are at fault in an accident in Maryland, you need liability insurance to cover the other driver's expenses. On the other hand, collision and comprehensive coverage are optional and may be unnecessary if you have an older car, and it's also cheaper to go with higher deductibles or lower coverage limits. Don't skimp on the coverage you need. But make informed choices so you don't pay more than you need to.
The best car insurance companies in Maryland have a variety of discounts, so almost anyone can find ways to save. You can get a discount if you're a student, veteran, good driver, homeowner, undocumented, and more.
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Auto insurance rates can vary widely based on Maryland zip codes. On average, drivers in the most expensive areas of Maryland spend about $2,000 more per year on car insurance than those in the least expensive areas.
Low-mileage Maryland drivers can usually save with usage-based insurance. You can potentially save a lot if you allow your insurance company to monitor your actual driving using your smartphone or other electronic device.
Even if you don't own a car, you'll see higher rates if you let your insurance lapse. Maryland drivers who do not maintain ongoing insurance pay an average of 17% more than those with five or more years of insurance history.
Our analysis of cheap car insurance companies in Maryland is based on data from the Maryland DMV and Quadrant Information Services. Along with this data, they used the characteristics listed below to create 40 different driver profiles designed to identify the cheapest insurance companies for Maryland drivers in a set of key categories. For each profile, it compared rates among the top Maryland auto insurance companies by calculating average premiums from 32 zip codes representing at least 20% of Maryland's population. Military-specific companies such as USAA were intended only for the military-specific category due to eligibility restrictions. In some cases, they may still be the best choice for qualified drivers.
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In the table below, you can see all the profile features used in 's analysis, as well as the specific subset of features that make up our Good Driver profile.
Clean, one speeding, one accident, one DUI, suspended license, open container, red light violation, reckless driving, one accident
When driver profiles are not specified, Maryland insurance quotes an average of 40 different driver profiles using the variables above. Quotation information is from Quadrant Information Services and is representative only. Individual prices will vary.
Finding the cheapest car insurance in Maryland can be difficult. But you have a knowledgeable community on your side. Other consumers have a wealth of knowledge to share, and we encourage everyone to do so by following our content guidelines.
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Car insurance in Maryland costs an average of $87 per month or $1,038 per year for minimum coverage. The cheapest car insurance companies in Maryland are Allstate, Erie, and Esurance, and getting quotes from multiple companies can help you find the best deal.
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Maryland drivers can find cheap "no deposit" or "no down payment" car insurance, but all that means is that you only have to pay the first month's premium to get coverage. In Maryland, you can't buy car insurance without paying something up front. But you can minimize your insurance premiums in Maryland, which ranks 44th in the country for the cheapest car insurance rates. The average monthly premium in Maryland is about $211 per month for full coverage...
The city with the cheapest car insurance premiums in Maryland is Cumberland, with an average of $1,301 per year. By comparison, the average cost of car insurance in Maryland is $2,120 per year.
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You can get discounts on car insurance in Maryland based on how you drive, the car you own, and your relationship with your insurance company. In Maryland, auto insurance companies are allowed to consider factors such as employment, residency and marital status when setting premiums. This means there are also discounts for being married, owning a home, or being affiliated with certain employers or educational institutions.
Geico is the cheapest insurance for drivers with SR-22 violations in Maryland. Maryland is one of eight states that does not require high-risk drivers to submit an SR-22 form as proof.
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