Cheapest Car Insurance in Maryland (November 2025)

Car insurance in Maryland runs $150 monthly for full coverage, which is 24% above the national average. Minimum coverage costs $86 per month, running 50% higher than what drivers nationwide pay. The state ranks 44th out of 51 states for full coverage affordability and 46th for minimum coverage costs.

GEICO delivers the cheapest rates for both full and minimum coverage across Maryland and is affordable in most major cities statewide. Skipping full coverage means you'll pay for your own repairs if you cause an accident, so compare rates to find coverage that works for your budget. MoneyGeek also ranked the best car insurance companies in Maryland by analyzing rates, customer satisfaction and coverage options, and Travelers topped that list.

GEICO offers the cheapest full coverage at $89 monthly or $1,062 annually. Travelers follows at $1,391 per year, while State Farm ($1,414 annually), Cumberland Mutual ($1,568 yearly) and Erie Insurance ($1,618 annually) round out the top five affordable options for residents.

For drivers seeking the most affordable minimum coverage, GEICO leads Maryland's market at just $51 monthly. Maryland drivers can choose from several trusted insurers offering cheap liability-only coverage.

Following GEICO, State Farm offers solid value at $63 monthly, while Cumberland Mutual ($64 monthly), Travelers ($67 per month) and Erie Insurance ($71 monthly) round out the top affordable choices. These rates help drivers meet Maryland's legal requirements while staying within budget.

Maryland mandates minimum liability insurance of $30,000 for bodily injury per person, $60,000 per accident and $15,000 for property damage (30/60/15). These requirements exceed national standards slightly, helping maintain reasonable baseline premiums while providing better protection than many states.

Your state minimums are covered, but major accidents on Baltimore's dense urban streets, Interstate 95 or the Capital Beltway during rush hours can easily exceed these limits.

GEICO offers the most affordable minimum coverage rates in most of Maryland's largest cities as of November 2025.

The cheapest minimum coverage options across Maryland's major cities range from $40 to $70 monthly. Frederick residents have the state's lowest monthly rates at $40 through GEICO, while Baltimore drivers pay the highest premiums at $70 with GEICO. Most mid-sized cities maintain rates between $43 and $58.

*The lowest rate referenced is for a minimum coverage policy for a 40-year-old with good credit and no driving violations.

Maryland's young drivers ages 16 to 25 have high insurance costs, but State Farm offers relief with the most affordable full coverage at $267 monthly. This rate beats the state average for young drivers by 34%. Erie Insurance claims second place at $270 per month, while GEICO rounds out the top three at $289 per month.

Adult drivers between 26 and 64 will find their best value with GEICO at just $84 per month for comprehensive coverage. State Farm provides solid competition at $113 monthly, and Travelers delivers reasonable rates at $118 per month for this age bracket.

Senior drivers 65 and older can secure their lowest premiums through GEICO at $101 monthly for full coverage, which runs 37% below Maryland's senior average. Cumberland Mutual offers competitive pricing at $112 per month, while State Farm provides coverage for seniors at $117 per month.

Driving violations and credit issues can increase insurance premiums in Maryland. A clean record keeps costs low, but infractions like speeding, at-fault accidents, texting behind the wheel or DUIs push rates higher. 

Your credit score matters too. GEICO provides the most affordable rates for most high-risk categories, though Nationwide beats them for bad credit situations.

• Cheapest With a Speeding Ticket: GEICO ($97 per month)
• Cheapest With a Texting While Driving Violation: GEICO ($97 per month)
• Cheapest With a DUI: GEICO ($102 per month)
• Cheapest With an At-Fault Accident: GEICO ($131 per month)
• Cheapest for Bad Credit: Nationwide ($177 per month)

Request quotes from major carriers and local insurers to find your best rate. Regional providers often beat national companies on price, especially outside the Baltimore metro area.

Lower your premiums by bundling coverage, maintaining good credit and qualifying for safe-driver discounts. Sticking with minimum liability coverage remains an option for budget-focused drivers.

Maryland's 30/60/15 limits meet state law but leave you exposed. You'll cover your own vehicle repairs after at-fault crashes without collision protection.

Comprehensive insurance handles theft, weather damage and vandalism. This matters when Maryland experienced a 63% vehicle theft surge from 2022 to 2023, ranking second nationwide for theft increases.

With bodily injury claims hitting $26,501 in 2023, you'd exceed Maryland's $30,000 per-person minimum by over $1,500 in serious accidents. If your budget allows, invest in better protection.

GEICO is Maryland's most affordable car insurance provider across different driver types and policy options. However, choosing coverage based on price alone can be risky. Prioritize buying sufficient protection within your budget to shield your assets from potential accident costs.

Our insurance experts tackle frequently asked questions about securing affordable car insurance in Maryland.

Maryland drivers juggle high traffic volume in Baltimore, weather risks and rates that run 24% above the national average for full coverage. We compared rates across Maryland's metro areas, suburbs and rural communities to find the best value.

Our Research Approach

We pulled quotes from 12 insurers across every Maryland ZIP code using data from the Maryland Insurance Administration and Quadrant Information Services. The numbers tell the story: rural Frederick County drivers pay far less than Baltimore commuters stuck on I-95, and our statewide sweep catches all those pricing differences. Our analysis included more than 200 million rate comparisons to identify consistent patterns in pricing and coverage availability.

We started with a baseline driver profile that represents Maryland's median demographic:  

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually
• Good credit
• Valid license
• Currently insured
• No claims history

This profile serves as our control group. We then adjusted specific variables (age, driving violations, credit score) to analyze how Maryland insurers price risk for different driver types. This approach reveals which companies specialize in certain demographics and which maintain competitive rates across all profiles.   

Coverage Levels We Compared

Maryland requires minimum liability coverage of $30,000 per person for bodily injury, $60,000 per accident for bodily injury and $15,000 per accident for property damage. We used these exact limits for minimum coverage comparisons since that's what most budget-conscious Maryland drivers carry.

For full coverage analysis, we used higher liability limits that better protect Maryland drivers in serious accidents:  

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Most insurance agents in Maryland push these higher limits once you mention Baltimore traffic. Three-car pileups on I-695 eat through that $30,000 state minimum fast. Go with the $1,000 deductible to cut your monthly bill, just make sure you've got a grand stashed away.