Maryland's average annual car insurance cost is $1,570 for full coverage, while minimum coverage costs about $910. These rates are $274 and $315 higher, respectively, than the national averages.
Average Cost of Car Insurance in Maryland
Updated: December 24, 2024
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Key Takeaways
Drivers in Maryland pay 21% more for full coverage car insurance compared to the national average.
Maryland drivers pay 53% more for minimum coverage than the national average.
The average annual cost is $910 for minimum coverage and $1,570 for full coverage, making Maryland one of the more expensive states for car insurance.
How Much Is Car Insurance in Maryland?
| Full Coverage | $1,570 | $1,296 | 21% |
| State Minimum Liability Only | $910 | $595 | 53% |
Maryland Car Insurance Rates by Coverage Level
Your coverage level affects your car insurance rate. Raising your liability limits and adding full coverage increase costs, while choosing a higher deductible lowers your premium. Below are average minimum coverage and full coverage rates in Maryland based on different deductibles and liability limits.
| 300/500/300 | Full Coverage | $1,766 | $1,500 |
| 300/500/300 | Full Coverage | $1,697 | $500 |
| 300/500/300 | Full Coverage | $1,679 | $1,000 |
| 100/300/100 | Full Coverage | $1,658 | $1,500 |
| 100/300/100 | Full Coverage | $1,589 | $0 |
| 100/300/100 | Full Coverage | $1,570 | $1,000 |
| State Minimum | Full Coverage | $1,558 | $1,500 |
| State Minimum | Full Coverage | $1,489 | $500 |
| State Minimum | Full Coverage | $1,470 | $1,000 |
| 300/500/300 | Liability Only | $1,382 | $0 |
| 100/300/100 | Liability Only | $1,096 | $0 |
| State Minimum | Liability Only | $910 | $0 |
Read More: Liability vs. Full Coverage Car Insurance
Average Maryland Car Insurance Cost by City
Car insurance rates in Maryland can change due to crime rates, traffic conditions and weather. For instance, Baltimore's average annual full coverage cost is $1,625, while Columbia's is more affordable at $1,041. Check the table below to see how these cities compare to Maryland's average.
| Baltimore | $1,625 | -15% | $975 | -11% |
| Columbia | $1,041 | -45% | $610 | -44% |
Average Maryland Car Insurance Cost by Age
In Maryland, age affects car insurance costs, with younger drivers often paying more due to higher risk. For example, 25-year-olds pay about 16% more for minimum coverage and 16% more for full coverage than 40-year-olds. Compared to 65-year-olds, they pay below 1% more for minimum coverage and 6% more for full coverage.
| 25 | $1,824 | $1,031 |
| 40 | $1,570 | $910 |
| 65 | $1,714 | $1,029 |
While age affects car insurance costs in most U.S. states, California, Massachusetts and Hawaii don't allow age as a rating factor.
Car Insurance Costs in Maryland for Young Drivers by Gender
In Maryland, young drivers face higher car insurance costs due to more accidents. Drivers aged 18 to 25 pay about $1,532 yearly on a family policy, which is 51% less than an individual policy.
Gender also impacts rates; young female drivers pay around $2,120 annually, 15% less than male drivers. Here are the average car insurance costs for young Maryland drivers, by gender, for individual and family policies.
Car Insurance Costs in Maryland for Young Females
In Maryland, an 18-year-old female's average full coverage car insurance cost on a family policy is $1,589. If she chooses an individual policy, her rate jumps by 55%, costing $3,541.
| 18 | $3,541 | $1,589 | -55% |
| 19 | $2,827 | $1,782 | -37% |
| 20 | $2,414 | $1,528 | -37% |
| 21 | $1,929 | $1,243 | -36% |
| 22 | $1,795 | $1,477 | -18% |
| 23 | $1,603 | $1,325 | -17% |
| 24 | $1,535 | $1,263 | -18% |
| 25 | $1,317 | $1,097 | -17% |
Car Insurance Costs in Maryland for Young Males
An 18-year-old male in Maryland pays about $4,346 for full coverage on his own policy. By joining a family policy, the cost drops to $1,968, saving 55% annually.
| 18 | $4,346 | $1,968 | -55% |
| 19 | $3,471 | $2,185 | -37% |
| 20 | $2,966 | $1,875 | -37% |
| 21 | $2,293 | $1,475 | -36% |
| 22 | $2,057 | $1,683 | -18% |
| 23 | $1,802 | $1,487 | -17% |
| 24 | $1,663 | $1,369 | -18% |
| 25 | $1,402 | $1,162 | -17% |
Average Maryland Car Insurance Cost by Driving Record
In Maryland, traffic offenses can increase car insurance premiums by up to 22%. The table below compares costs for drivers with accidents, DUIs or tickets to those with clean records.
| At-Fault Accident | $2,322 | 22% | $1,374 | 25% |
| DUI | $2,268 | 19% | $1,340 | 22% |
| Ticket | $1,873 | -2% | $1,083 | -1% |
Read More: High-Risk Car Insurance in Maryland
Average Maryland Car Insurance Cost by Credit Score
Credit-based insurance scores impact car insurance costs in Maryland. On average, yearly costs for full coverage are $1,032 for drivers with excellent scores and $2,027 for those with poor scores.
| Excellent | $1,032 | -46% | $498 | -55% |
| Good | $1,251 | -34% | $599 | -45% |
| Fair | $1,445 | -24% | $686 | -37% |
| Below Fair | $1,705 | -11% | $800 | -27% |
| Poor | $2,027 | 6% | $924 | -16% |
CREDIT SCORES AND YOUR PREMIUM
A credit score of 670 to 739 shows financial trustworthiness and can help Maryland drivers secure lower insurance premiums. In states like Hawaii, Massachusetts, Maryland, California and Michigan, insurers are barred from using credit scores in pricing. In North Carolina, Oregon, Washington, Utah and Nevada, credit scores are considered only under certain conditions.
Average Maryland Car Insurance Cost by Company
Premiums vary widely by company. Nationwide offers the most affordable car insurance in Maryland at $1,310 annually for full coverage. Allstate's rate is the highest at $2,447, which is 60% above the state average.
| Nationwide | $1,310 | $837 |
| GEICO | $1,312 | $765 |
| State Farm | $1,324 | $703 |
| Travelers | $1,406 | $784 |
| Kemper | $1,502 | $856 |
| Erie | $1,584 | $893 |
| Progressive | $1,675 | $815 |
| Allstate | $2,447 | $1,625 |
Average Maryland Car Insurance Cost by Vehicle Age
New cars often cost more to insure in Maryland, with full coverage averaging $1,298 yearly. That's more than the $1,163 average for 10-year-old vehicles, reflecting the newer models' higher value and repair costs.
| 10-Year-Old Vehicle | $1,163 | $685 |
| New Model Vehicle | $1,298 | $628 |
ACTUAL CASH VALUE
Your car's actual cash value (ACV) is the worth your insurer assigns to it just before damage occurs. For comprehensive or collision claims, the ACV determines the maximum payout for repairs or replacement, less any deductible. This ensures that the claim aligns with the car's fair market value.
Read More: Used Car Insurance
Maryland Car Insurance Rates Explained
We compare Maryland's car insurance rates to the national average to help you understand why rates may be higher or lower and what affects the cost of minimum and full coverage plans.
Is Car Insurance Expensive in Maryland?
Maryland car insurance is expensive, with an average monthly full coverage cost of $131, which is 21% more than the national average.
Read More: Why Car Insurance Is So Expensive
Car Insurance Costs in Maryland vs. National Average
National Average Cost
Full Coverage Car Insurance
$108
Maryland Average Cost
Full Coverage Car Insurance
$131MD Car Insurance Is Expensive:$23 more
This is 21% more expensive.
Why Are Car Insurance Rates Expensive in Maryland?
Maryland's car insurance rates are high due to dense populations, urban areas and costly living. Strict laws and severe weather, like storms and cyclones, also lead to more insurance claims, making minimum coverage expensive.
Read More: Car Insurance Rates by State
Estimating Your Car Insurance Costs in Maryland
While average rates reflect how laws and the economy affect car insurance in Maryland, your premium depends on factors specific to you. To estimate your costs, consider the following:
Driving Record
Safe driving habits help lower car insurance rates by demonstrating responsibility to insurers.
Age and Gender
Younger drivers typically face higher rates due to inexperience, while gender can also impact premiums. Shopping around for age and gender-specific discounts can be beneficial.
Credit History
Insurers often use credit scores to assess risk. A higher credit score can lead to lower insurance premiums, so improve your credit for better rates.
Vehicle Type
Opt for a car that's less expensive to insure. Generally, models with good safety records and lower repair costs can help you secure more affordable premiums.
Location
Insurance rates vary by location due to factors like crime and accident rates. Consider this when moving or storing your vehicle in Maryland.
Coverage Level
Higher deductibles can lower your insurance costs, but ensure you can afford to pay that deductible in case of a claim.
Marital Status
Married drivers may receive lower rates due to perceived stability. Inform your insurer about your marital status to potentially reduce your premium.
State Law
Know Maryland's specific insurance requirements to ensure you pay only for the coverage you legally need.
Read More: Maryland Car Insurance Calculator
Minimum Car Insurance in Maryland
In Maryland, the average annual rate for minimum car insurance is $910, higher than the national average of $595. Below is a table detailing Maryland's minimum coverage requirements.
Maryland Car Insurance Requirements
Maryland drivers must have minimum coverage auto insurance, which includes $30,000 for bodily injury per person, $60,000 per accident and $15,000 for property damage. You also need uninsured motorist coverage of $30,000 per person and $60,000 per accident, plus $15,000 for property damage.
Liability Limits | What It Covers |
|---|---|
$30,000 bodily injury liability per person | Medical expenses if you cause an accident |
$60,000 bodily injury liability per accident | Multiple injuries in a single incident |
$15,000 property damage liability per accident | Repairs or replacement of damaged property |
$30,000 uninsured motorist bodily injury per person | Your medical expenses if an uninsured driver causes an accident |
$60,000 uninsured motorist bodily injury per accident | Multiple injuries caused by an uninsured driver |
$15,000 uninsured/underinsured property damage coverage | Property damage if the at-fault driver has insufficient coverage |
How to Lower Car Insurance Costs in Maryland
To save on car insurance, compare rates, raise your deductible and use eligible discounts.
- 1
Compare Multiple Quotes
Research multiple insurance providers to find affordable car insurance, potentially saving you hundreds of dollars annually.
- 2
Lower Your Risk Profile
Improving your credit score or maintaining a clean driving record, free from at-fault accidents or moving violations, can significantly reduce your insurance premiums, as insurers consider you a lower risk.
- 3
Adjust Your Coverage
Review your coverage needs to ensure you're paying only for what you need. If financially feasible, consider higher deductibles, or opt for usage-based policies if you drive less to reduce costs.
- 4
Ask About Discounts
Inquire about various discounts such as those for safe driving, good student performance, installing anti-theft devices, completing state-approved defensive driving courses and bundling policies.
- 5
Consider the Car You Drive
Choosing a vehicle that's cheaper to insure, like one with high safety ratings, can help reduce car insurance costs significantly.
Auto Insurance Rates in Maryland: Bottom Line
In Maryland, full coverage car insurance costs an average of $1,570 annually, higher than the national average of $1,296. Compared to other states, Maryland is more expensive for car insurance. Rates vary based on factors like vehicle type, driving history, location and coverage level.
Maryland Car Insurance Rates: FAQ
Get answers about what impacts the average cost of car insurance in Maryland and how to find affordable rates.
What are the minimum car insurance requirements in Maryland?
Maryland's minimum car insurance requirements include $30,000 of bodily injury liability per person, $60,000 per accident and $15,000 for property damage liability. Drivers must also carry uninsured/underinsured motorist coverage at the same limits.
What is the average cost of full coverage and minimum coverage auto insurance in Maryland?
In Maryland, the average annual cost of minimum auto insurance is $910, while full coverage averages $1,570. These rates are above the national averages.
What is the average cost of car insurance for a 25-year-old in Maryland?
The average cost of full coverage car insurance for a 25-year-old in Maryland is $1,824, slightly below the state average. Minimum coverage averages $1,031, also below Maryland's average.
What are the cheapest car insurance companies in Maryland?
Nationwide offers the most affordable car insurance in Maryland, with full coverage at $1,310 annually ($109 monthly) and minimum coverage at $837 annually ($70 monthly).
Maryland Auto Insurance Cost: How We Determine Average Rates
Sample Driver Profile
We used a sample driver profile with the following attributes to determine average car insurance rates in Maryland:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
We modified this driver profile by age, vehicle, credit score and driving record to determine averages for different driver profiles and needs.
Coverage Levels and Deductibles
Unless otherwise noted, average rates on this page are for a full coverage policy with comprehensive and collision coverage, a $1,000 deductible for each and the following liability limits (100/300/100):
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability per accident
When minimum coverage is specified, we used the following liability limits as mandated by Maryland:
- $30,000 in bodily injury liability per person
- $60,000 in bodily injury liability per accident
- $15,000 in property damage liability per accident
- $30,000 uninsured motorist bodily injury per person
- $60,000 uninsured motorist bodily injury per accident
- $15,000 uninsured/underinsured property damage coverage
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.