Cheapest Car Insurance Companies in Baltimore, MD (2024 Rates)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byJonathan Ramos
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Updated: May 20, 2024

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The cheapest provider for you depends on your coverage level preferences and driving record. In Baltimore, Progressive is the most affordable choice for drivers seeking minimum and full coverage car insurance. It's also the least expensive for drivers with traffic infractions, teens on family policies, military drivers, young adults, seniors and those with poor credit scores. Travelers is the cheapest company for sports car drivers.

If you're looking for an insurer that balances affordability and quality of service, MoneyGeek found the best car insurance providers in Baltimore.

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2024

Cheapest Car Insurance in Baltimore, MD

Why Trust MoneyGeek? Our comprehensive study used car insurance quote data from the Maryland Insurance Administration and Quadrant Information Services.

20,151Quotes Analyzed
 
9Companies Compared

Cheapest Minimum Coverage Car Insurance in Baltimore

The most affordable auto insurance providers for minimum coverage in Baltimore are:

  • Progressive: $579 per year
  • Travelers: $857 per year

Nationwide has the most expensive minimum coverage policies, with an annual cost of $1,316. Progressive also is the cheapest provider in Maryland, with a yearly cost of $669. A minimum coverage policy costs slightly less in Baltimore than in other parts of the state, highlighting your location's significant impact on insurance rates.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
ProgressiveAnnual Premium$579Monthly Premium$48
KemperAnnual Premium$848Monthly Premium$71
TravelersAnnual Premium$857Monthly Premium$71
ErieAnnual Premium$928Monthly Premium$77
GEICOAnnual Premium$932Monthly Premium$78
AllstateAnnual Premium$1,086Monthly Premium$91
State FarmAnnual Premium$1,257Monthly Premium$105
NationwideAnnual Premium$1,316Monthly Premium$110
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Maryland law mandates that minimum coverage auto insurance includes protection for bodily injury liability, property damage liability and uninsured motorist coverage. The coverage must meet at least the following:

  • $30,000 bodily injury liability per person
  • $60,000 bodily injury liability per accident
  • $15,000 property damage liability per accident
  • $30,000 uninsured/underinsured motorist coverage per person
  • $60,000 uninsured/underinsured motorist coverage per accident
  • $15,000 uninsured/underinsured property damage coverage per accident

If you cause an accident and have a minimum coverage policy, your carrier will cover up to $30,000 in medical expenses for each person involved, with a maximum limit of $60,000 for the entire incident and $15,000 in property damage. You'll have to pay for any remaining damages beyond these limits, including your vehicle repair costs.

Cheapest Full Coverage Car Insurance in Baltimore

The following companies offer the cheapest full coverage auto insurance in Baltimore:

  • Progressive: $915 per year
  • Travelers: $1,508 per year

State Farm charges the highest average rate for full coverage car insurance in Baltimore at $2,087 per year. As of October 2022, Nationwide is the most affordable full coverage provider in Maryland, with an average yearly cost of $1,088, which is lower than the $915 policy offered by Progressive, the most affordable option in Baltimore.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
ProgressiveAnnual Premium$915Monthly Premium$76
TravelersAnnual Premium$1,508Monthly Premium$126
KemperAnnual Premium$1,538Monthly Premium$128
GEICOAnnual Premium$1,577Monthly Premium$131
ErieAnnual Premium$1,677Monthly Premium$140
AllstateAnnual Premium$1,768Monthly Premium$147
NationwideAnnual Premium$1,935Monthly Premium$161
State FarmAnnual Premium$2,087Monthly Premium$174

Unlike liability-only and minimum coverage policies, full coverage policies provide broader financial protection by including comprehensive and collision insurance.

  • Comprehensive insurance: Covers damage to your car from non-collision events, such as vandalism, theft, fire, flood and hail.
  • Collision insurance: Protects you from the costs of damages resulting from collisions, such as accidents involving other cars, trees and other objects, such as fences and light poles. Collision also covers rollover accidents and pothole damage.

Full coverage for older vehicles may not be the best option, as you may be paying hundreds of dollars more per year for a car with low value. Carefully consider whether the additional coverage is worth the cost.

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Cheapest Car Insurance in Baltimore After a Driving Offense

Drivers with traffic offenses on their record can get the most affordable auto insurance rates from Progressive. Rates may vary depending on the violation, as follows:

  • Speeding ticket: Progressive ($1,102 per year)
  • At-fault accident: Progressive ($1,384 per year)
  • DUI: Progressive ($1,197 per year)

Drivers with less-than-perfect driving records will always face higher insurance rates than those with clean ones. Nationwide is the most expensive insurer for drivers with a speeding ticket, charging $2,476 per year, an at-fault accident or DUI, at $3,074 and $3,775 per year, respectively.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
ProgressiveAnnual Premium$1,102Monthly Premium$92
GEICOAnnual Premium$1,839Monthly Premium$153
ErieAnnual Premium$1,911Monthly Premium$159
AllstateAnnual Premium$2,056Monthly Premium$171
TravelersAnnual Premium$2,112Monthly Premium$176
KemperAnnual Premium$2,192Monthly Premium$183
State FarmAnnual Premium$2,299Monthly Premium$192
NationwideAnnual Premium$2,476Monthly Premium$206

While it's not always the case, insurance premiums increase with the driving offense's severity. In Baltimore, a speeding ticket will cost you an extra $373 annually, while a DUI will set you back an additional $860 per year. Nevertheless, buying affordable insurance rates with a poor driving record is still possible.

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MONEYGEEK EXPERT TIP

In Maryland, you can be found guilty of driving while intoxicated (DWI) or driving under the influence (DUI) of alcohol. Both are serious offenses, but DUI is the worse of the two. A DWI occurs when a driver has a blood alcohol concentration (BAC) of 0.07% or higher. For a DUI, the BAC is 0.08% or higher.

The penalties associated with a first-time DWI include up to 60 days in jail, up to $500 in fines, eight driver's license points and a maximum license suspension of six months.

A first-time DUI may carry the following penalties:

  • Up to 1 year in jail
  • Up to $1,000 in fines
  • Driver's license revocation of up to six months
  • 12 driver's license points
  • Alcohol abuse assessment and program participation

A previous DWI or DUI conviction can increase the above penalties substantially.

Cheapest Car Insurance in Baltimore for Teens and Their Families

For 16-year-old teens on a family policy, the cheapest insurers in Baltimore are:

  • Progressive: $2,140 per year for female teens; $2,346 per year for male teens
  • GEICO: $2,534 for female teens per year
  • Allstate: $3,627 per year for male teens

State Farm charges the highest annual premium for teens at $5,093 for girls and $6,210 for boys.

Rates for male teens are typically higher than those for female teens, as providers consider boys riskier drivers. For example, the cost for male teens with Progressive is $206 higher than for female teens. The price difference is common for teenagers but tends to lessen as they enter early adulthood.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
ProgressiveFamily Plan Annual Premium$2,140Individual Plan Monthly Premium$6,847
GEICOFamily Plan Annual Premium$2,534Individual Plan Monthly Premium$14,725
KemperFamily Plan Annual Premium$2,732Individual Plan Monthly Premium$11,866
AllstateFamily Plan Annual Premium$3,033Individual Plan Monthly Premium$10,813
NationwideFamily Plan Annual Premium$3,294Individual Plan Monthly Premium$12,091
TravelersFamily Plan Annual Premium$3,414Individual Plan Monthly Premium$12,679
State FarmFamily Plan Annual Premium$5,093Individual Plan Monthly Premium$12,222

Baltimore families can save approximately $3,333 per year by adding their teen drivers to their existing policy instead of purchasing a separate individual one. Plus, in most cases, a teen under 18 must have a parent or guardian as a co-signer to get car insurance legally. Comparing insurance options is the most effective way to secure the most affordable rates for teen drivers.

Cheapest Car Insurance in Baltimore for Military Drivers

The cheapest car insurance providers for those with military backgrounds looking for full coverage in Baltimore are:

  • Progressive: $915 per year
  • USAA: $962 per year

USAA is the most affordable for minimum coverage at $514 annually, while Progressive follows closely, with an annual rate of $579. USAA offers tailored services to active-duty military members, veterans and their immediate family members, making it their best insurer.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
ProgressiveAnnual Premium$915Monthly Premium$76
USAAAnnual Premium$962Monthly Premium$80
TravelersAnnual Premium$1,508Monthly Premium$126
KemperAnnual Premium$1,538Monthly Premium$128
GEICOAnnual Premium$1,577Monthly Premium$131
ErieAnnual Premium$1,677Monthly Premium$140
AllstateAnnual Premium$1,768Monthly Premium$147
NationwideAnnual Premium$1,935Monthly Premium$161

How to Compare Cheap Baltimore Car Insurance Quotes Online

To find affordable car insurance in Baltimore, comparing online quotes from multiple providers is the most effective approach. However, this process can be tedious, often taking upwards of 15 minutes and requiring the entry of a considerable amount of personal information into each website.

MoneyGeek's car insurance calculator makes weighing out your options easier and faster. By leveraging our data, it provides you with average rates based on just your age, vehicle type, driving record and desired coverage level.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 14, 2024

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Cheapest Car Insurance in Baltimore for Young Adults

The following providers offer the cheapest car insurance premiums for young adults in Baltimore:

  • Progressive: $1,093 per year
  • Travelers: $1,724 per year

State Farm is the most expensive company for young adults, charging an average of $2,600 per year. In Baltimore, young adults typically pay higher auto insurance premiums than middle-aged drivers. On average, 40-year-old drivers in this city pay $1,625 per year, which is $331 less than the average premium of $1,956 spent by 25-year-olds.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
ProgressiveAnnual Premium$1,093Monthly Premium$91
TravelersAnnual Premium$1,724Monthly Premium$144
AllstateAnnual Premium$1,836Monthly Premium$153
KemperAnnual Premium$1,837Monthly Premium$153
GEICOAnnual Premium$2,047Monthly Premium$171
ErieAnnual Premium$2,182Monthly Premium$182
NationwideAnnual Premium$2,328Monthly Premium$194
State FarmAnnual Premium$2,600Monthly Premium$217

Cheapest Car Insurance in Baltimore for Seniors

The cheapest car insurance companies for seniors in Baltimore seeking full coverage are:

  • Progressive: $976 per year
  • GEICO: $1,630 per year

For seniors aged 65 and over in Baltimore, State Farm is the most expensive car insurance company, with an annual premium of $2,169. Insurers often charge higher premiums for seniors because they're considered at a higher risk of at-fault accidents due to potential medical conditions and slower reaction times. At an average yearly rate of $1,818, seniors in Baltimore pay $193 more than middle-aged drivers.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
ProgressiveAnnual Premium$976Monthly Premium$81
GEICOAnnual Premium$1,630Monthly Premium$136
ErieAnnual Premium$1,708Monthly Premium$142
TravelersAnnual Premium$1,925Monthly Premium$160
KemperAnnual Premium$1,955Monthly Premium$163
AllstateAnnual Premium$2,031Monthly Premium$169
NationwideAnnual Premium$2,151Monthly Premium$179
State FarmAnnual Premium$2,169Monthly Premium$181

Cheapest Car Insurance in Baltimore for Poor Credit

The cheapest full coverage car insurance policies for drivers with poor credit in Baltimore are offered by:

  • Progressive: $1,262 per year
  • Allstate: $2,363 per year

State Farm is the most expensive insurer for those with bad credit, charging $4,511 annually. Baltimore drivers with bad credit pay around 73% more than those with good credit — approximately $1,625 annually. While your policy will be more expensive, you can still find cheap car insurance with a poor credit history.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
ProgressiveAnnual Premium$1,262Monthly Premium$105
AllstateAnnual Premium$2,363Monthly Premium$197
NationwideAnnual Premium$2,427Monthly Premium$202
KemperAnnual Premium$2,435Monthly Premium$203
GEICOAnnual Premium$2,501Monthly Premium$208
TravelersAnnual Premium$2,908Monthly Premium$242
ErieAnnual Premium$4,030Monthly Premium$336
State FarmAnnual Premium$4,511Monthly Premium$376

Insurance companies often charge those with lower credit scores higher rates, as they are thought to be more likely to file claims. You can search for discounts, bundle policies and compare quotes from different insurers to help reduce expenses. Improving your credit score by lowering your credit card debt, making timely payments and avoiding loans can also help reduce your insurance premiums.

Cheapest Car Insurance in Baltimore for Sports Cars

The least expensive auto insurers for sports car drivers seeking full coverage policies in Baltimore are:

  • Travelers: $1,341 per year
  • Progressive: $1,426 per year

State Farm has the highest premium for sports car owners in Baltimore at $2,369 per year. The average rate for a Toyota Camry is $1,625 per year, while sports car insurance costs $1,753 annually. This means that driving a sports car will cost you an additional $128 per year compared to a standard Camry — an increase of 8%.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
TravelersAnnual Premium$1,341Monthly Premium$112
ProgressiveAnnual Premium$1,426Monthly Premium$119
KemperAnnual Premium$1,611Monthly Premium$134
AllstateAnnual Premium$1,661Monthly Premium$138
GEICOAnnual Premium$1,713Monthly Premium$143
NationwideAnnual Premium$2,151Monthly Premium$179
State FarmAnnual Premium$2,369Monthly Premium$197

MoneyGeek's survey used quotes for a Ford Mustang to gauge how owning a sports car impacts auto insurance premiums. Note that rates may differ depending on the make and model of your car. Typically, sports cars, luxury cars and electric vehicles are more expensive to insure, which also holds true in Baltimore.

Average Cost of Car Insurance in Baltimore

The average cost of car insurance in Baltimore is $1,440 annually, which is $287 more than the average rate in Maryland ($1,153 per year) and $175 higher than the national average cost ($1,265 per year). These rates are based on full coverage policies that include limits of $100,000 in bodily injury liability per person, $300,000 in bodily injury liability per accident and $100,000 in property damage liability per incident.

Although car insurance is generally cheaper in Maryland than in the rest of the country, Baltimore's rates are slightly higher due to population density, crime and accident rates. Location is just one of many factors that can influence car insurance costs.

ColumbiaFull Coverage Average Annual Premium$1,041Minimum Coverage Average Annual Premium$610
BaltimoreFull Coverage Average Annual Premium$1,625Minimum Coverage Average Annual Premium$975

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.