Cheapest Car Insurance in Maryland (June 2024)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byDenise Cristobal
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Updated: June 11, 2024

Advertising & Editorial Disclosure

State Farm is the overall cheapest car insurance company in Maryland. Progressive, Nationwide and Travelers are also the most affordable options for some drivers.

The best car insurance company in Maryland offers quality coverage at an affordable price.

Why Trust MoneyGeek? We analyzed car insurance rates using data and information from the Maryland Insurance Administration and Quadrant Information Services.

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These rates reflect the cheapest car insurance quotes in Maryland as of June 2024.

640Quotes Analyzed
 
10Companies Compared
 
4ZIP Codes

Cheapest Minimum Liability Car Insurance in Maryland (June 2024)

MoneyGeek's analysis reveals that the following are Maryland’s cheapest car insurance companies offering minimum coverage auto policies:

  • State Farm: $642 per year
  • Travelers: $765 per year

Allstate has the highest minimum coverage premium in Maryland, costing an average of $1,455 per year.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
State FarmAnnual Premium$642Monthly Premium$53
TravelersAnnual Premium$765Monthly Premium$64
GEICOAnnual Premium$765Monthly Premium$64
ProgressiveAnnual Premium$774Monthly Premium$64
NationwideAnnual Premium$805Monthly Premium$67
ErieAnnual Premium$851Monthly Premium$71
KemperAnnual Premium$856Monthly Premium$71
AllstateAnnual Premium$1,455Monthly Premium$121

A minimum coverage policy only covers damage and injury you cause to others. You’ll need a full coverage policy that includes comprehensive and collision insurance to cover damage to your vehicle.

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Find the Best Car Insurance in Maryland for You

 

Your auto insurance premium will vary based on your situation and insurance needs. The table above illustrates that Maryland's minimum coverage auto insurance rates are among the lowest.

Discover how much car insurance you need.

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We evaluated quality and cost of service to identify the top car insurance companies in Maryland.

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MoneyGeek analyzes average car insurance rates in Maryland for different types of drivers.

Cheapest Full Coverage Car Insurance in Maryland (June 2024)

Based on MoneyGeek's research, the following insurers provide the most affordable full coverage car insurance in Maryland:

  • State Farm: $1,191 per year
  • Nationwide: $1,264 per year

In Maryland, Allstate offers the most expensive full coverage insurance at $2,189 per year.

You will pay a higher premium if you add comprehensive and collision coverage to your auto insurance. A full coverage policy from State Farm costs $549 more than its minimum coverage policy. The more coverage you have on your auto insurance, the better protected you are in an at-fault accident. Full coverage policies cover damages to your car that occur on and off the road, including collisions and theft.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,191Monthly Premium$99
NationwideAnnual Premium$1,264Monthly Premium$105
GEICOAnnual Premium$1,312Monthly Premium$109
TravelersAnnual Premium$1,335Monthly Premium$111
ProgressiveAnnual Premium$1,422Monthly Premium$118
ErieAnnual Premium$1,493Monthly Premium$124
KemperAnnual Premium$1,502Monthly Premium$125
AllstateAnnual Premium$2,189Monthly Premium$182

A major factor in determining your insurance premium is how much coverage you need. MoneyGeek used the following limits for a sample full coverage policy:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $100,000 property damage liability per accident

Our full coverage policy includes comprehensive and collision coverage, each with a $1,000 deductible.

You can lower your insurance rate by reducing your liability limits, eliminating comprehensive and collision coverage or increasing your deductible for comprehensive, collision or both. However, you may end up with insufficient coverage in case of an accident.

How to Compare Cheap Maryland Car Insurance Quotes Online

You can get quotes for auto insurance in Maryland online. You'll need to visit several websites to compare rates and give insurers your personal information, which can take up to 15 minutes per site.

With MoneyGeek's car insurance calculator, you can quickly estimate your auto insurance online without providing personal data. Use this information as a starting point in your search for the most affordable options.

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Cheapest Car Insurance in Maryland by Age (June 2024)

In Maryland, age is one of the biggest factors affecting car insurance rates. MoneyGeek found that Kemper, Progressive and State Farm offer the cheapest options for teens, young adult drivers and seniors, respectively.

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CHEAPEST CAR INSURANCE COMPANIES BY AGE

Cheapest for teens: Kemper
Cheapest for young adults: Progressive
Cheapest for seniors: State Farm

Cheapest Car Insurance in Maryland for Teens and Their Families (June 2024)

According to MoneyGeek, the following insurance providers offer the most affordable policy rates for teen drivers on a family policy in Maryland:

  • GEICO: $1,668 for female teens; Kemper: $1,827 per year for male teens
  • Kemper: $1,827 for female teens; Progressive: $2,036 per year for male teens

The most expensive option is from State Farm at $3,745 per year for male teens and $3,038 per year for female teens. Teens pay decreasing car insurance rates for each year added to their age; 19-year-olds pay the lowest premium among this age group.

By adding a teenager to their policy, Maryland parents can save as much as $3,333 over them purchasing an individual policy. And if a teen is under 18, they cannot legally get auto insurance on their own — a parent or guardian must co-sign their individual policy.

Data filtered by:Results filtered by:
Gender:
Gender:Female
Age:
Age:16
GEICOFamily Plan Annual Premium$1,668Individual Plan Annual Premium$6,219
KemperFamily Plan Annual Premium$1,827Individual Plan Annual Premium$4,664
ProgressiveFamily Plan Annual Premium$1,860Individual Plan Annual Premium$3,959
NationwideFamily Plan Annual Premium$2,281Individual Plan Annual Premium$4,746
AllstateFamily Plan Annual Premium$2,436Individual Plan Annual Premium$6,324
TravelersFamily Plan Annual Premium$2,612Individual Plan Annual Premium$5,489
State FarmFamily Plan Annual Premium$3,038Individual Plan Annual Premium$4,161
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MONEYGEEK EXPERT TIP

On average, car insurance rates for male teens tend to be significantly more expensive than for female teens. This rate difference is not as notable when drivers reach their 20s and beyond.

Taking advantage of young driver discounts can save families money on car insurance. Insurers, such as Allstate and GEICO, offer discounts to good students and students studying away from home.

Cheapest Car Insurance in Maryland for Young Adults (June 2024)

Based on MoneyGeek's research, the following companies offer the best car insurance rates for young adults in Maryland:

  • Progressive: $1,444 per year
  • State Farm: $1,475 per year

Allstate charges drivers in their 20s the most for car insurance at an average of $2,206 per year.

Auto insurance is usually more expensive for drivers in their 20s than for middle-aged drivers. For example, a policy for a young adult driver in Maryland costs up to $243 more than for a 40-year-old driver.

Data filtered by:Results filtered by:
Age Group:
Age Group:22-29
Coverage:
Coverage:Full Coverage
ProgressiveAnnual Premium$1,444Monthly Premium$120
State FarmAnnual Premium$1,475Monthly Premium$123
NationwideAnnual Premium$1,511Monthly Premium$126
TravelersAnnual Premium$1,590Monthly Premium$133
GEICOAnnual Premium$1,725Monthly Premium$144
KemperAnnual Premium$1,730Monthly Premium$144
ErieAnnual Premium$1,972Monthly Premium$164
AllstateAnnual Premium$2,206Monthly Premium$184

Cheapest Car Insurance in Maryland for Seniors (June 2024)

The following companies offer the cheapest car insurance for senior drivers in Maryland:

  • State Farm: $1,236 per year
  • Progressive: $1,282 per year

The highest car insurance rates for seniors come from Allstate, at approximately $2,438 per year.

Car insurance costs are slightly higher for senior drivers in Maryland than for middle-aged drivers, which isn't the norm. A full coverage policy is about $143 more for seniors than for those in their 30s to 50s. Car insurance rates increase as you reach your 70s.

Data filtered by:Results filtered by:
Age Group:
Age Group:60 +
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,236Monthly Premium$103
ProgressiveAnnual Premium$1,282Monthly Premium$107
GEICOAnnual Premium$1,358Monthly Premium$113
NationwideAnnual Premium$1,402Monthly Premium$117
ErieAnnual Premium$1,523Monthly Premium$127
TravelersAnnual Premium$1,764Monthly Premium$147
KemperAnnual Premium$1,847Monthly Premium$154
AllstateAnnual Premium$2,438Monthly Premium$203

Many insurance companies offer senior citizens discounts on their car insurance. You can also compare quotes from multiple insurers to find the best rate for your profile and individual needs.

Cheapest Car Insurance for Higher Risk Drivers (June 2024)

State Farm is the cheapest car insurance provider in Maryland if you have a speeding ticket, an at-fault accident or a DUI on your record. Travelers is the cheapest provider for sports car drivers.

Insurance rates rise after drivers have a traffic violation on their records. Reviewing your driving record regularly and taking a driving course approved by your state could lower your insurance rates over time.

Nationwide is the most affordable provider for people with low credit scores.

CHEAPEST CAR INSURANCE COMPANIES AFTER A DRIVING INCIDENT

Cheapest after a ticket: State Farm ($1,300 per year)
Cheapest after an accident: State Farm ($1,464 per year)
Cheapest after a DUI: State Farm ($1,300 per year)
Cheapest for poor credit: Nationwide ($1,572 per year)
Cheapest for sports cars: Travelers ($1,257 per year)

Cheapest Car Insurance in Maryland After a Ticket

The following companies offer the cheapest full coverage policies for those who have speeding tickets in Maryland:

  • State Farm: $1,300 per year
  • Progressive: $1,442 per year

Allstate is the most expensive auto insurance provider for those with a speeding ticket, charging $2,448 a year. Speeding tickets in Maryland can increase your insurance premium by $291.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,300Monthly Premium$108
ProgressiveAnnual Premium$1,442Monthly Premium$120
GEICOAnnual Premium$1,531Monthly Premium$128
NationwideAnnual Premium$1,596Monthly Premium$133
ErieAnnual Premium$1,722Monthly Premium$143
TravelersAnnual Premium$1,931Monthly Premium$161
KemperAnnual Premium$2,068Monthly Premium$172
AllstateAnnual Premium$2,448Monthly Premium$204

Cheapest Car Insurance in Maryland After an Accident

You can find affordable full coverage car insurance from these companies in Maryland if you are at fault in an accident:

  • State Farm: $1,464 per year
  • Progressive: $1,792 per year

With an annual premium of approximately $3,029, Allstate is the most expensive auto insurance company in Maryland for drivers who are at fault for an accident. Getting into a car accident in Maryland and being at fault can result in an increase of $717 in your annual premium.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,464Monthly Premium$122
ProgressiveAnnual Premium$1,792Monthly Premium$149
NationwideAnnual Premium$1,961Monthly Premium$163
TravelersAnnual Premium$2,017Monthly Premium$168
GEICOAnnual Premium$2,052Monthly Premium$171
ErieAnnual Premium$2,162Monthly Premium$180
KemperAnnual Premium$2,972Monthly Premium$248
AllstateAnnual Premium$3,029Monthly Premium$252
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MONEYGEEK EXPERT TIP

Drivers with clean motor vehicle records should consider adding accident forgiveness coverage to their policy. With it, they won't see a policy increase after their first at-fault accident. Many auto insurance companies in Maryland have this optional coverage available, including GEICO and Progressive, which may award it for free for safe driving habits. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute

Cheapest Car Insurance in Maryland After a DUI

The following are the most affordable full coverage car insurance options for Maryland drivers with a DUI:

  • State Farm: $1,300 per year
  • Progressive: $1,577 per year

A Kemper policy costing approximately $4,031 a year is the most expensive option for Maryland drivers with a DUI. If you have a DUI on your record, your annual premium can increase by about $681.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
State FarmAnnual Premium$1,300Monthly Premium$108
ProgressiveAnnual Premium$1,577Monthly Premium$131
GEICOAnnual Premium$1,697Monthly Premium$141
ErieAnnual Premium$1,722Monthly Premium$143
AllstateAnnual Premium$2,198Monthly Premium$183
TravelersAnnual Premium$2,243Monthly Premium$187
NationwideAnnual Premium$2,390Monthly Premium$199
KemperAnnual Premium$4,031Monthly Premium$336

Cheapest Car Insurance in Maryland for Drivers With Poor Credit (June 2024)

In Maryland, the following companies offer the lowest auto insurance rates for drivers with poor credit scores (below 580):

  • Nationwide: $1,572 per year
  • Progressive: $1,641 per year

On average, Erie offers the highest car insurance rates for drivers with poor credit at around $3,471 per year. Full coverage car insurance in Maryland for drivers with poor credit costs an average of $913 more than for drivers with good credit scores (above 750).

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
NationwideAnnual Premium$1,572Monthly Premium$131
ProgressiveAnnual Premium$1,641Monthly Premium$137
GEICOAnnual Premium$2,080Monthly Premium$173
KemperAnnual Premium$2,376Monthly Premium$198
State FarmAnnual Premium$2,460Monthly Premium$205
TravelersAnnual Premium$2,615Monthly Premium$218
AllstateAnnual Premium$2,797Monthly Premium$233
ErieAnnual Premium$3,471Monthly Premium$289

Insurance companies use credit data to generate a credit-based insurance score when calculating rates. If you have bad credit, your score reflects that, and you get a higher rate due to a higher probability of filing a claim. Insurers are allowed to use credit data as a rating factor in Maryland.

You can reduce your insurance rates by gradually raising your credit score. In the meantime, you can save by taking advantage of discounts insurers offer.

Cheapest Car Insurance in Maryland for Sports Cars (June 2024)

Maryland sports car owners can find the most affordable car insurance rates from:

  • Travelers: $1,257 per year
  • State Farm: $1,378 per year

Allstate offers the most expensive policy for sports cars, with a premium of $1,968 per year. The cost to insure a sports car in Maryland is $96 more than to insure a Toyota Camry.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
TravelersAnnual Premium$1,257Monthly Premium$105
State FarmAnnual Premium$1,378Monthly Premium$115
NationwideAnnual Premium$1,406Monthly Premium$117
GEICOAnnual Premium$1,436Monthly Premium$120
KemperAnnual Premium$1,554Monthly Premium$130
ProgressiveAnnual Premium$1,916Monthly Premium$160
AllstateAnnual Premium$1,968Monthly Premium$164

MoneyGeek calculated the cost of insuring a sports car in Maryland using a Ford Mustang as the sample car. Costs can vary depending on the car model. It is generally more expensive to insure sports, electric and luxury vehicles. Otherwise, the car model may not significantly impact the car insurance cost. However, states may differ in this regard.

Cheapest Car Insurance in Maryland for Military Drivers (June 2024)

If you are an active-duty military member or veteran living in Maryland, USAA offers the cheapest car insurance at an average of $885 per year. USAA specializes in providing services for veterans and active-duty military personnel and their families. It’s accessible in every state and provides quality customer service without sacrificing cost.

Military-community members may also consider GEICO. It has coverages and discounts exclusive to them.

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MoneyGeek Top Pick
USAA
  • Annual premium: $885
  • Rated the cheapest, ranking first out of nine insurance providers

USAA extends a military discount, further enhancing savings for service members on their car insurance in Maryland.

Cheapest Car Insurance in Maryland by City

Several factors affect Maryland car insurance rates, including where you live. Neighborhoods where theft, vandalism and accidents are more common are likely to have higher insurance claims and premiums.

State Farm offers the most affordable car insurance in Columbia for about $1,102 per year. As the cheapest insurer in Baltimore, Travelers offers full coverage for $1,730. Depending on location, the same provider may have different rates.

BaltimoreCheapest CompanyTravelersAnnual Premium$1,730
ColumbiaCheapest CompanyState FarmAnnual Premium$1,102

Car Insurance in Maryland: What You Need to Know

Drivers in Maryland must carry bodily injury and property damage liability coverage, uninsured motorist and personal injury protection (PIP).

Maryland Car Insurance Requirements

Maryland law requires you to have bodily injury liability, property damage liability, uninsured motorist coverage and personal injury protection. Despite being affordable, this type of policy does not provide adequate coverage in case of at-fault accidents because it does not cover damage to your vehicle, and the minimum required liability limits are low.

We recommend purchasing as much liability coverage as you can afford to ensure your best protection.

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    Bodily Injury Liability

    Drivers in Maryland must carry a minimum of $30,000 in bodily injury liability per person and $60,000 in bodily injury liability per accident. Your bodily injury coverage pays for any injuries you cause through negligence. Your insurance company will only cover the amount specified by your policy. It is your responsibility to pay extra costs if they arise.

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    Property Damage Liability

    Maryland requires $15,000 in property damage liability per accident. Damage to other people's property is covered, not damage to your car.

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    Uninsured Motorist

    Uninsured motorist coverage pays for damages you incur if hit by a driver without insurance. It also covers hit-and-runs. You must have $30,000 bodily injury per person, $60,000 per accident and $15,000 per accident for property damage.

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    Personal Injury Protection

    Personal injury protection (PIP) is required in Maryland, but drivers can choose from full or limited coverage. It may provide benefits for medical and hospital costs and disability.

MoneyGeek strongly recommends that you obtain bodily injury liability limits of $100,000 per person, $300,000 per accident and $100,000 for property damage liability.

If you finance or lease your car, you may need comprehensive and collision insurance. These cover damage to your car in the event of a collision, an off-road incident, vandalism or theft.

Even if it is not legally required, having full coverage insurance might be a good idea when driving a valuable car.

Car Insurance Alternatives in Maryland

Under Maryland law, drivers must carry insurance for their vehicles, even if they don't drive them. Maryland Auto Insurance provides insurance to people who cannot get standard policies due to their records or claims history. Unfortunately, drivers do not have an alternative to liability insurance in Maryland.

FAQ: Car Insurance in Maryland

We have compiled a list of frequently asked questions about Maryland auto insurance for your convenience.

Which company offers the cheapest car insurance in Maryland?
Should you buy the cheapest car insurance available in Maryland?
Does Maryland require SR-22 insurance?

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.