How Much Is Car Insurance in Maryland? Rates by Coverage Level, Age, Driving History and Location

A driver is expected to pay an average cost of $2,127 for car insurance in Maryland, much higher than the national average cost of $1,424 yearly. MoneyGeek used coverage level, age, driving history, credit score and location to determine the average rates in Maryland.

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Maryland's average car insurance cost is $2,127 per year for a 40-year-old driver with full coverage and a clean driving record. The same driver would buy a minimum car insurance coverage at an annual average cost of $1,341. However, these costs can differ widely depending on your characteristics. For instance, if a young driver buys a full coverage policy, they’ll pay an average of $6,340 per year.

MoneyGeek analyzed the average car insurance costs in Maryland by considering different factors to help you better understand how the rates change.

Average Cost of Car Insurance in Maryland: Summary

MoneyGeek weighed the factors that highly impact your car insurance rate to determine Maryland’s average car insurance cost. Between age, coverage level, driving record and credit score, age has the highest impact, followed by poor credit score.

Click to find out more about average costs for a given driver profile.

Average Costs of Car Insurance in Maryland

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Why are Car Insurance Rates Expensive in Maryland?

According to MoneyGeek’s research, Maryland is the fifth most expensive state for car insurance rates due to an unfortunate combination of high traffic density, a large percentage of uninsured motorists, a high urban population and frequent car thefts.

Maryland is among the most densely populated states in the country. The drivers get packed tightly together on the roads, increasing the risk of accidents. A higher risk of accidents increases the car insurance rates in Maryland.

Additionally, Maryland is one of the worst states with a high rate of uninsured drivers at 14.1%, which also raises rates.

Average Cost of Car Insurance in Maryland: Full Coverage vs. Minimum Coverage

According to MoneyGeek’s methodology, the average annual cost of a policy meeting the state minimum is $1,341, while a full coverage policy in Maryland costs roughly $2,127. There’s an average difference of about $786 between the two types of policies.

The average car insurance costs in Maryland depend on the type of coverage you purchase. You’ll pay more for policy coverage with more features. That’s why full coverage, which includes collision and comprehensive insurance, costs so much more.

Average Cost of Car Insurance in Maryland by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in Maryland - By Company

The insurance company you choose can significantly affect your car insurance rates in Maryland. The reason being, auto insurance companies use different pricing factors when quoting their rates. The company with the cheapest full coverage policy plan and cheapest liability-only car insurance in Maryland is Erie, with average rates of $1,545 and $926, respectively.

USAA is another affordable option. However, it’s only available for military families. On the other hand, the most expensive company for minimum and full coverage in this state is Esurance.

Average Annual Costs of Car Insurance in Maryland - By Company

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How Much Is Car Insurance in Maryland by Age

Your age is another factor that affects your car insurance rates in Maryland. According to MoneyGeek’s data on the average costs of insurance in Maryland, the cost of coverage for a 16-year-old will be around $4,213 less than a 40-year-old buying a similar policy.

However, for a young driver, you can save money on insurance by adding them to a parent’s policy.

First-time drivers are often treated similarly to young drivers. If you’re new to driving in Maryland, your insurance rates will be similar to those of teenage drivers.

Average Costs of Full Coverage Car Insurance in Maryland - By Age

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  • Age
    Annual Premium
  • $6,340
  • $5,878
  • $5,249
  • $5,811
  • $5,049
  • $3,676
  • $3,342
  • $2,866
  • $2,644
  • $2,383
  • $2,171
  • 40
    $2,127
  • $2,021

How Does Driving History Affect Car Insurance Costs in Maryland?

Drivers with multiple road violations are considered high-risk by their insurance providers. They pay more for insurance coverage compared to those with clean records. However, they can still find affordable insurance options even with a bad driving record.

According to MoneyGeek’s research, a driver with a speeding ticket will pay an additional $379 per year than a safe driver. The more violations you accumulate, the more costly your rates get.

Average Costs of Full Coverage Car Insurance in Maryland - By Driving History

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  • Driving Violation
    Annual Premium
  • Safe Driver
    $2,127
  • Speeding Ticket
    $2,506
  • At-Fault Accident
    $2,970
  • DUI
    $3,178

Credit Scores and the Cost of Car Insurance in Maryland

Drivers who carry an excellent credit score pay lower car insurance rates in Maryland than those with good credit, and the same applies to the difference between good credit and bad credit.

In Maryland, a driver with good credit pays $1,413 less per year on average than a driver with poor credit. Meanwhile, a driver with excellent credit saves around $546 per year compared to a driver with good credit. However, those with poor credit can still find relatively cheap car insurance coverage in Maryland by shopping around.

Average Costs of Full Coverage Car Insurance in Maryland - By Credit Score

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  • Credit Score
    Annual Premium
  • Excellent
    $1,868
  • Good
    $2,413
  • Fair
    $2,893
  • Below Fair
    $3,317
  • Poor
    $3,826

How Much Is Car Insurance in Your City?

MoneyGeek’s analysis on car insurance in Maryland is from Baltimore. As car insurance rates are based on many factors, they can significantly vary within states.

In most cases, cities that are densely populated or have high chances of road accidents and natural disasters attract high car insurance rates.

Average Costs of Full Coverage Car Insurance in Maryland - By City

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Frequently Asked Questions About Maryland Car Insurance Rates

For further insight into the car insurance rates in Maryland, take a look at the answers to the following frequently asked questions.

Methodology

MoneyGeek collected car insurance quotes in collaboration with Quadrant Information Services in Maryland. The policies, as described on our methodology page, were for a 40-year-old driver with full coverage and a safe driving record unless altered by the factors above, including coverage levels, age, driving violations and credit score.

  • Highway traffic density was calculated with 2019 data from the Federal Highway Administration
  • Data on uninsured motorists were drawn from the Insurance Research Council’s 2019 study
  • Urban share of population was calculated using the latest data from the U.S. Census Bureau
  • Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


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