Car insurance in Baltimore costs an average of $2,127 per year, which is the same as the average for the state of Maryland. The most affordable and widely available insurance is from Erie and costs an average of $1,545 per year. MoneyGeek’s analysis based on driving history and coverage amounts can help you find the best company for your needs if you want quality coverage at affordable costs.
Compare the Cheapest Car Insurance Quotes in Baltimore, MD
The Cheapest and Best Car Insurance in Baltimore
The Cheapest Car Insurance Companies in Baltimore
The lowest average car insurance rates for a full coverage policy in Baltimore come from the following companies:
- USAA: $1,217 per year (only available to military members and their families)
- Erie: $1,545 per year
The average costs mentioned in this study are for a sample 40-year-old male driver with a full coverage policy. The driver's coverage includes liability insurance, as well as comprehensive and collision insurance that covers damages to your car.
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Average Cost of Car Insurance in Baltimore
In Baltimore, the average annual cost of car insurance is $2,127, which is equivalent to the statewide rate, although this is much higher than the national average cost of car insurance. Drivers in Baltimore pay about 49.3% more than the national average for auto insurance.
The Best Car Insurance Companies in Baltimore
Baltimore drivers seeking quality service and affordability can use MoneyGeek’s ranking of the best companies in Baltimore to find an ideal provider. Based on MoneyGeek scores, the best car insurance providers in the city for most drivers are:
- GEICO: MoneyGeek score of 93 out of 100
- Hartford: MoneyGeek score of 88 out of 100
USAA received the highest score in Baltimore by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek analyzed the best companies in the city based on various factors, including J.D. Power’s affordability, financial stability and customer satisfaction scores.
Personalized Quotes to Get You the Cheapest Car Insurance in Baltimore
When computing car insurance quotes in Baltimore, insurance companies take several factors into consideration, such as age, location, driving record and make and model of the vehicle, among others. In Baltimore, for example, a car insurance policy from Erie for an 18-year-old driver costs around $3,975 per year, while a similar policy for a 40-year-old driver costs around $1,545.
Car insurance companies in Baltimore assess the risk associated with the driver in order to compute the best car insurance rates. Since the factors affecting your risk can change over time, it’s recommended that you request a personalized quote regularly so you can get the cheapest car insurance quote suitable for your needs.
Shopping around for car insurance in Baltimore could save you $582, which is enough to buy:
Cheapest Car Insurance in Baltimore by Coverage Amount
In Baltimore and other cities, the level of coverage influences how much a driver pays for car insurance. A policy that only meets the state minimum car insurance requirements costs an average of $1,341 per year, while a full-coverage policy costs $786 more, at $2,127 per year.
Maryland Minimum Liability Requirements
- Bodily Injury and Property Damage$30,000 per person, $60,000 per accident and $15,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$30,000 per person and $60,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
Not all car insurance plans in Baltimore are the same, as different car insurance policies have different limits for each level of coverage. For example, Erie offers both 50/100/50 liability-only and full-coverage plans, which can cover up to $50,000 for injury liability for one person, up to $100,000 per vehicle and $50,000 for property damage repair in an accident.
The full-coverage policy from Erie, which also has collision coverage and comprehensive insurance, costs about $457 more than their liability-only policy for most drivers. For you to get an accurate car insurance quote, it’s best that you request a personalized quote from the insurance provider of your preference.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Baltimore if You Have Driving Violations
One important factor that affects the affordability of a car insurance rate in Baltimore is your driving record. For example, in Baltimore, an Erie policy for a driver with a clean record costs an average of $1,545 per year, but if the driver has a speeding ticket, then they need to pay an extra $65 for the same policy with similar coverage.
Here’s another example for a different car insurance company: for Travelers policyholders, drivers with a DUI on their record will pay an average of $1,084 more than drivers with a clean record, even if they have similar car insurance coverage.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Since different neighborhoods have different costs of living and car-related incidents, insurance companies also consider your specific residential address when computing your car insurance quote in Baltimore. Drivers who live in ZIP code 21224, the most affordable neighborhood for auto coverage in Baltimore, will pay about $686 less in annual car insurance premiums than drivers who live in ZIP code 21215.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Baltimore
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the percentage of uninsured motorists also contribute to car insurance rates in Baltimore. How Baltimore ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Baltimore are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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