The Best Car Insurance in Maryland for 2022

The best auto insurance companies offer a balance of financial stability, affordability and customer service. Travelers is Maryland's top auto insurance company with the best claims and affordability scores. It tied for first place in financial stability and third in user satisfaction.

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Last Updated: 5/13/2022
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MoneyGeek compared auto insurance providers based on their premiums, customer service and other considerations. Although Travelers is the top insurance provider in Maryland, your unique circumstances will determine which company is the greatest option for you.

MoneyGeek also examined the cheapest car insurance companies in Maryland for individuals who want to prioritize cost.

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The Best Car Insurance in Maryland

Best Car Insurance Companies in Maryland: Overall

MoneyGeek compared the best car insurance companies in Maryland based on a variety of criteria, including claims ratings, affordability and overall user satisfaction.

Maryland's best insurance companies, according to MoneyGeek, are:

  • Travelers: 4.3 out of 5
  • GEICO: 4.2 out of 5
The Top 5 Car Insurance Companies in Maryland

1
Travelers
Score:4.3

4.2/5

Affordability

3.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers, Maryland's best insurer, quotes about $1,710 yearly. It tied for first in financial stability and claims and has a subpar user satisfaction rating. Customers may find Travelers’ gap insurance to be a useful feature.

More About Travelers

People who have leased or borrowed the money to pay for their vehicle will find Travelers’ gap insurance, also known as loan/lease insurance, to be useful. The difference between the actual cash value of your car and the outstanding debt on your auto loan or lease may be reimbursed if your car is totaled. There is accident forgiveness included in the Travelers' Responsive Driver PlanSM. One accident is covered within a specified timeframe, preventing your premium from increasing due to one-off events.

Read MoneyGeek's Travelers auto Insurance Review
2
GEICO
Score:4.2

3.7/5

Affordability

4.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

The second-best firm, GEICO, quotes around $1,983 yearly. It was rated the best in user satisfaction and tied for first in financial stability and second in claims. Mechanical Breakdown Insurance (MBI) is its unique feature.

More About GEICO

In comparison to a dealer-extended warranty, GEICO's Mechanical Breakdown Insurance (MBI) covers all parts and systems in vehicles under 15 months old and with under 15,000 miles on the clock. Flat tire repair, towing, jump starts and lockout services are all covered by GEICO's roadside assistance for free. Your insurance premium won't go up if you have your first at-fault accident covered by Accident Forgiveness on your GEICO auto insurance policy.

Read MoneyGeek's GEICO auto Insurance Review
3
State Farm
Score:4

3.7/5

Affordability

4/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

State Farm, Maryland's third-best insurer, quotes about $2,024 yearly. It tied for first in financial stability and second in claims and user satisfaction. Its rideshare insurance is great for those working for a ridesharing company.

More About State Farm

When working for a ridesharing company like Uber, State Farm's rideshare insurance add-on assures that your auto insurance policy's medical, roadside assistance and rental car reimbursement coverages are still in effect except for the liability coverage. Even if you work for a Transportation Network Company, your personal policy deductible is taken into account when calculating your coverage.

Read MoneyGeek's State Farm auto Insurance Review
4
Nationwide
Score:3.9

4.2/5

Affordability

3.5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Nationwide ranked second-best in affordability ratings, with an average quote of $1,736. Furthermore, it tied for second-best in financial stability and claims and has an average user satisfaction rating. The company’s identity theft coverage is an excellent add-on.

More About Nationwide

If your car is totaled due to a covered risk and you have Nationwide's exclusive Total Loss Deductible Waiver added to your Comprehensive or Collision insurance, the company will waive your deductible regardless of how big it is. If you've been the victim of identity theft and have a Nationwide policy, the Identity Theft Expense Reimbursement add-on is ideal for you. Up to $25,000 in identity recovery costs are reimbursed under this coverage.

Read MoneyGeek's Nationwide auto Insurance Review
5
Allstate
Score:3.8

4.3/5

Affordability

3.5/5

User Satisfaction

4.5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Allstate is the most affordable company in Maryland, with an average cost of $1,673 per year. It tied for second in financial stability and received subpar user satisfaction and claims ratings. Custom parts coverage offered by the company is one-of-a-kind.

More About Allstate

Allstate's comprehensive coverage plans include a unique add-on, the portable electronics and media coverage, which protects against the loss of any tapes, compact discs or similar goods used with a car's audio system. Its custom parts coverage covers the cost of replacing stolen or damaged aftermarket components, personal gadgets and audio and/or video equipment that was not installed by the car's manufacturer.

Read MoneyGeek's Allstate auto Insurance Review
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HOW WE DETERMINED THE BEST INSURANCE IN MARYLAND

MoneyGeek reviewed the best full coverage car insurance policies in Maryland by comparing quotes from various companies and using NAIC and J.D. Power's customer satisfaction and claim ratings. However, each insurance company has a different evaluation procedure, which takes a range of key factors into consideration. For additional detail on this study, see MoneyGeek's methodology.

MoneyGeek's Maryland Car Insurance Resources:

Compare the Best Insurance Options in Maryland

The quality of service, amount of coverage and financial stability of Maryland's insurers all influence the auto insurance premiums. Factors like your age and driving record can also affect your rates. Additionally, you should ascertain the insurer's ability to satisfy your insurance requirements. MoneyGeek's in-depth analysis of the top auto insurance providers in Maryland can assist you in comparing their plans and determining which one is the best.

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Best Car Insurance in Maryland for Customer Service

MoneyGeek ranked the best car insurance providers in Maryland merely on the basis of user satisfaction and claims ratings, ignoring other factors. If you're looking for great customer service, go no further than the two companies listed below:

  • GEICO: 4.3 out of 5
  • Travelers: 4.3 out of 5
The Top 2 Car Insurance Companies in Maryland for Service Quality

1
GEICO
Score:4.3

4/5

Claims

4.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

GEICO was rated as the best company for customer service in Maryland with its high user satisfaction score of 4.5 out of 5. It also tied for second in claims ratings with a score of 4.

More About GEICO

For its policyholders, GEICO's Roadside Assistance covers the costs of flat tires, towing, jump starts and lockout services. Its rental car and/or trip reimbursement add-on coverage pays up to a certain amount for a rental vehicle if your automobile is not drivable for more than 24 hours as a result of a covered accident.

Read MoneyGeek's GEICO auto Insurance Review
2
Travelers
Score:4.3

5/5

Claims

3.5/5

User Satisfaction

5/5

Financial Stability

Geek Quick Take
Geek Quick Take

Travelers and GEICO have the same overall rating. Despite an average customer satisfaction score of 3.5 out of 5, it has the best claim rating of 5 out of 5.

More About Travelers

If you total your new car during the first five years, Travelers' Premier New Car Replacement add-on will pay for a brand new car of the same make and model. Additionally, accident forgiveness is part of Travelers’ Responsible Driver PlanSM. This forgives one accident within a specified period, protecting your premium from increases due to isolated mishaps.

Read MoneyGeek's Travelers auto Insurance Review

Best Car Insurance in Maryland for Drivers on a Budget

Those on a low budget may opt to purchase the state's basic minimum insurance. MoneyGeek rated Maryland's insurers based on their quotes for the state minimum insurance policy.

The following are the most affordable car insurance companies in Maryland drivers on a budget:

  • Travelers: 4.3 out of 5
  • GEICO: 4.2 out of 5

Budget-conscious car insurance shoppers may be interested in the following benefits and drawbacks of Travelers:

MoneyGeek’s Pick: Travelers

Travelers

pros

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An affordable minimum coverage policy at an average of $1,020 per year

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Discounts for bundling of multiple insurance policies and going paperless. There’s also an early signing discount for new customers.

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Excellent claims score of 5 out of 5

cons

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No discounts for installing anti-theft systems and airbags, paying in full or taking a defensive driving course.

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User satisfaction score of 3.5 out of 5

COMPANY HIGHLIGHTS

Travelers provides safe driving discounts to those who have had no accidents or traffic violations in the previous three to five years. Discounts are also available for bundling multiple insurance policies, such as home/condo insurance and renters insurance, with your auto insurance, as well as for insuring multiple vehicles.

Owning or leasing a hybrid vehicle may qualify for a hybrid car insurance discount from Travelers. Additionally, owning a home or condo may entitle you to a homeowners discount, regardless of where you have insured it.

Best Car Insurance in Maryland for Poor Driving Records

MoneyGeek also ranked Maryland's auto insurance providers based on how much they quote those with past records of traffic violations, such as an at-fault accident. For those with an accident history on their driving record, the top-rated companies strike a good balance between affordability and customer service.

The following companies in Maryland are the best and cheap for drivers with a history of bad driving:

  • Travelers: 4.2 out of 5
  • GEICO: 4.1 out of 5

If you have a bad driving record and are considering Travelers insurance, weigh the benefits and drawbacks.

MoneyGeek’s Pick: Travelers

Travelers

pros

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An affordable full coverage policy for drivers with a bad driving history at roughly $2,490 per year

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Offers roadside assistance, rental car reimbursement, accident forgiveness and new car replacement coverages

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Claims score of 5 out of 5

cons

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Does not offer better car replacement coverage

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User satisfaction score of 3.5 out of 5

COMPANY HIGHLIGHTS

Travelers offers the most affordable auto insurance in Maryland for people with a poor driving record, at about $2,490 per year. The company received a perfect claim score of five but an average user satisfaction score of 3.5 out of a possible five.

Travelers’ coverages are available to you even if you have a violation on your driving record:

  • Roadside assistance: Travelers’ add-on coverage for roadside assistance can aid you if you become stranded due to your car's roadside emergency, such as a dead car battery.
  • Rental car reimbursement: Rental reimbursement pays for a rental automobile if your car is damaged in a covered accident and is undrivable for more than 24 hours.
  • New car replacement: Travelers’ Premier New Car Replacement add-on coverage pays to replace your automobile with a brand new car if it is totaled during the first five years.
  • Accident forgiveness: Travelers' Responsible Driver PlanSM includes accident forgiveness coverage that protects you from premium hikes if only one accident happened within a set time frame.

Best Car Insurance in Maryland for a Military Background

According to MoneyGeek, USAA is Maryland's best car insurance company for active and retired military personnel. The company received a perfect score across all categories.

An average driver's state minimum auto insurance from USAA costs $673 per year. It goes up to around $1,547 per year for those who have a history of at-fault accidents.

Some of the benefits and disadvantages of USAA's services are as follows:

MoneyGeek’s Pick: USAA

USAA

pros

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An affordable full coverage policy of $1,217 per year on average

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Claims and user satisfaction rating of 5 out of 5

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Offers rideshare insurance coverage

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Offers discounts for being a safe driver

cons

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Only available for current and former military personnel and their families

COMPANY HIGHLIGHTS

Aside from offering some of Maryland's most affordable insurance policies, USAA is known for its outstanding customer service. The company has a solid national reputation.

Besides the aforementioned benefits, USAA provides the following perks to its policyholders:

  • Accident forgiveness: If you are accident-free for five years at USAA, you will not be charged an insurance surcharge for the first at-fault accident by having this add-on coverage on your policy.
  • Roadside assistance: By paying additional premiums, you can obtain this add-on coverage so USAA will pay for towing, car unlocking, jumpstarting, flat tire replacement and delivering gasoline during a roadside emergency.
  • Vehicle storage discount: USAA policyholders can get a discount for their garaged car which is insured with the company.
  • Mileage discount: Drivers under the age of 29 are eligible for discounted rates depending on how many miles they drive in a year.

Best Car Insurance in Maryland for Young Drivers and Students

Even if you are a student or a young driver in Maryland, you may obtain low-cost auto insurance that delivers excellent service.

The following companies offer the best and most affordable coverage for teenage drivers in the state:

  • Allstate: 4.1 out of 5
  • GEICO: 3.7 out of 5

For Maryland’s young drivers, Allstate can come with some pros and cons, including the following:

MoneyGeek’s Pick: Allstate

Allstate

pros

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Affordable quotes for adding students and young drivers at around $4,119 per year

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Offers good student, driver's education and distant student discounts

cons

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Average MoneyGeek claims and user satisfaction ratings of 3.5 out of 5

COMPANY HIGHLIGHTS

Insuring young drivers can be extremely expensive. Allstate’s advantages are its excellent financial stability ratings and lower rates. However, young drivers are more likely to file claims, and customer-centric companies will be advantageous for them. A good alternative is GEICO since it offers good user satisfaction and claims ratings for young drivers.

However, Allstate provides all the discounts advantageous to a teen driver or a student. Full-time students with good grades can get an insurance discount. You're also entitled to discounted rates for completing the teenSMART driver education course. Besides, student policyholders attending school more than 100 miles from where their car is parked are also eligible for lower rates on their insurance.

Best Car Insurance in Maryland for Those With New Cars

MoneyGeek also looked into Maryland’s best auto insurance providers for those with new cars. New car owners should consider increasing their insurance coverage to include new car replacement. If your car is damaged in the first few years of ownership, this coverage will pay up to the purchase of a comparable model and brand.

If your insurance company offers better car replacement, you will be eligible for a newer model car, if yours is totaled in a covered loss. This insurance is mainly offered for vehicles under five years old. There are no standard policies that include this type of coverage, so you'll have to buy it separately.

Travelers has the highest overall MoneyGeek rating in Maryland for this category, earning a score of 4.3.

MoneyGeek’s Pick: Travelers

Travelers

pros

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Low-cost policies costing an average of $498 per year

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Offers new car replacement coverage

cons

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Doesn’t offer better replacement coverage

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Claims and user satisfaction ratings of 3.5 out of 5

COMPANY HIGHLIGHTS

Your car starts losing its value from the time you drive it off the lot. If it gets involved in an accident, its value drastically reduces. Travelers is the most affordable insurer and has good claims and affordability ratings that make it a great choice for those with new cars.

With Travelers' premier New Car Replacement coverage, you will be paid to buy a brand new vehicle of the same make and model, even if your new car is totaled within the first five years.

Best Car Insurance in Maryland for Low-Mileage Drivers

Many insurance companies provide pay-per-mile coverage. This coverage allows people who don't drive a lot to pay for auto insurance based on the number of miles they drive each year. Maryland’s top pay-per-mile program is Nationwide SmartMiles.

MoneyGeek’s Pick: Nationwide

Nationwide

pros

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Offers affordable policies to the not-so-frequent drivers

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MoneyGeek claims ratings of 4 out of 5

cons

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User satisfaction score of 3.5 out of 5

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If you're a frequent driver, this coverage will cost you more than a standard car insurance policy.

COMPANY HIGHLIGHTS

SmartMiles, Nationwide's pay-per-mile program for drivers in Maryland, offers a fixed rate as well as a variable rate based on total miles driven. Best of all, this only counts the first 250 miles of a road journey in a single day. Those who seldom drive yet occasionally go on road trips may benefit significantly from this. If you have a safe driving history, you may also be entitled to additional discounts.

How to Find the Best Car Insurance in Maryland in For You

There are many aspects to consider when choosing the best car insurance policy in Maryland. Consequently, you should select a company that strikes the right balance of service quality, affordability and financial stability.

Based on these criteria, MoneyGeek selected the best car insurance companies in the state. However, you should conduct your own research to determine which insurance company and plan best matches your needs.

1

Research Customer Service Reputations in Maryland

MoneyGeek gathered quotes from multiple insurance providers using a sample driver profile and studied NAIC complaint ratios and J.D. Power's customer satisfaction ratings to find the best car insurance companies in Maryland. Along with MoneyGeek's recommendations, you may look at J.D. Power's ratings and the NAIC's complaint index to see which provider is the best fit for your needs. Additional information about car insurance can be obtained on the Maryland Department of Insurance's website.

2

Compare Quotes for Yourself

For this study, MoneyGeek looked at insurance rates for a sample driver rather than the entire state. You should compare quotes from at least three different insurers to obtain a better picture of the state's average pricing and coverage.

3

Make Sure the Company Has Coverages You Want in Maryland

Not all insurers specify whether a discount or coverage is available for Maryland’s drivers. Before purchasing a car insurance policy, ensure that the company you're considering offers the coverage, discounts or special benefits that you have been looking for.

4

Double-Check Financial Stability Ratings

When purchasing insurance, keep in mind the financial health of the organization in question. Larger insurance companies are more likely to pay claims quickly and fairly. On the other hand, regional insurance companies may not be that prompt in processing claims.

FAQs About the Best Car Insurance in Maryland

Your insurance cost in Maryland will be influenced by a number of factors, including the amount of coverage you require. We've answered some of the most frequently asked questions about auto insurance in the state.

Methodology

MoneyGeek collaborated with Quadrant Information Services to gather auto insurance information from Maryland's insurance companies. The sample driver for the study is a 40-year-old male with a clean driving record who owns a 2010 Toyota Camry LE. The driver has 100/300/100 comprehensive and collision insurance with a $1,000 deductible.

Other data include customer satisfaction, financial stability and claims ratings from AM Best, J.D. Power and the National Association of Insurance Commissioners (NAIC). The insurance companies' discounts and coverages were obtained from their respective websites.

About the Author


expert-profile

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.