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Cheapest Car Insurance Companies and Quotes in Maryland

Individualized factors and circumstances will play a role in determining the cost of the best car insurance in Maryland. MoneyGeek ranked the top insurance companies in the state based on the affordability of comprehensive and collision coverage for an average driver. To get a better idea of how much the final cost of your car insurance will be, compare car insurance quotes from multiple carriers.

Average Comprehensive and Collision Rates in Maryland

These prices are average rates. The actual cost of a premium will vary depending on factors specific to the driver, including age, location, driving history and type of vehicle, among others. To find the best car insurance rates, you have to check with multiple carriers in Maryland and get personalized quotes.

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Cheapest Liability Car Insurance in Maryland

Liability insurance in Maryland covers property damage and bodily injury claims resulting from an at-fault accident. The policy limits dictate the maximum amounts your car insurance carrier will pay for claims. In Maryland, USAA offers the cheapest annual rates for the state minimum and 50/100/50 liability-only coverages. But this company’s services are only available to former and current military members and their families. The next most affordable option is Erie, with average annual premiums of $926 for the state minimum and $1,004 for 50/100/50 liability-only coverage.

Average Cost for Liability Coverage

The Best Car Insurance Companies in Maryland for 2021

To determine the best car insurance companies in Maryland, MoneyGeek used a unique rating system that considers affordability, claims experience, customer satisfaction and financial strength.

MoneyGeek used a combination of J.D. Power’s U.S. Auto Insurance Study, AM Best’s financial strength ratings and industry standards for rating and reviewing insurance companies. Each criterion was weighted equally to formulate the final scores out of 100.

Expand All Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

New Jersey ManufacturersScore: 97.5
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A+

Financial Stability

3

GEICOScore: 92.5
+

4/5

User Satisfaction

3/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

4

HartfordScore: 87.5
+

4/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

5

State FarmScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

6

TravelersScore: 85
+

2/5

User Satisfaction

5/5

Claims Ratings

2/5

Affordability

A++

Financial Stability

7

ProgressiveScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

8

NationwideScore: 77.5
+

2/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

9

FarmersScore: 75
+

2/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A

Financial Stability

10

CSAAScore: 75
+

2/5

User Satisfaction

2/5

Claims Ratings

3/5

Affordability

A

Financial Stability

While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.

Market Share by Company

Looking at the most popular car insurance companies in Maryland could be an indicator of which companies are the most reliable and, possibly, the most affordable. In Maryland, the largest insurer is Geico, with 24.82% of the market share in the state, per the National Association of Insurance Commissioners.

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What Is the Average Cost of Car Insurance in Maryland?

Various unique factors affect the annual premiums of car insurance in Maryland. MoneyGeek calculated the typical cost of comprehensive and collision coverage for the average driver, a 40-year-old male driving a Toyota Camry with a clean record. Your annual premium can be lower or higher than these Maryland averages due to your age, driving history, credit score, location and coverage level.

  • Average Driver: $2,127
  • DUI: $3,178
  • Speeding Ticket: $2,506
  • Poor Credit Score: $3,343
  • Seniors: $2,298
  • Students: $5,086

Cheapest Car Insurance for Drivers With a DUI in Maryland

From 2009-2018, 1,515 people were killed in alcohol-related car crashes. 1.5% of Maryland drivers admit to driving after having too much to drink in the past 30 days.

Having a DUI on your driving record can affect much more than just your ability to have a driver's license. It can result in up to one year in jail and up to $1,000 in fines. That hit to your wallet can go beyond fines and legal expenses. A DUI also can result in higher car insurance rates.

Average Car Insurance Rates With a DUI

Because a DUI conviction can negatively impact your insurance rates for a long time to come, it’s important for you to shop around for cheap car insurance with a DUI in Maryland every year. Every car insurance company will weigh this factor differently when providing your quote, so doing the research each year can pay off with cheap insurance.

Cheapest Car Insurance With Tickets in Maryland

Having a speeding or distracted driving ticket in Maryland will not do you any favors for finding the cheapest car insurance in Maryland. In fact, distracted driving accidents often result in higher car insurance premiums. In Maryland, there were 474 distracted driving accidents in 2018, per the National Highway Traffic Safety Administration. Car insurers use that number as an indicator of accident potential in the state.

Average Car Insurance Rates With a Ticket

How long a speeding or distracted driving ticket affects your car insurance rates depends on your individual driving record. First-time offenders often will see a short spike in their insurance rates, while those with more than one ticket will see a long-term effect of higher rates. To find cheap car insurance with a ticket in Maryland, it’s best to shop around and get personalized quotes from several companies each year before renewing your policy.

Cheapest Car Insurance Companies in Maryland for Drivers With Bad Credit

Another factor auto insurance companies consider when providing personalized quotes for car insurance is your credit score. They see a credit score as an indicator of the likelihood of drivers filing an insurance claim. Essentially, the lower the score, the more likely that driver will file a claim down the road. In Maryland, the average credit score is 704.

The general consensus is that a good credit score is 700 or higher. If you have a credit score below 700, take the time to check with a variety of car insurance companies for personalized quotes. This will help you find the best rates while you work to improve your credit score.

Average Car Insurance Rates for Drivers With Bad Credit

Cheapest Car Insurance Companies in Maryland for Seniors

16.4% of fatal car accidents in Maryland in 2017 were caused by senior drivers. Although all Maryland drivers renew their licenses every eight years, those age 40 and older must provide proof of adequate vision at every renewal. Any first-time driver age 70 and older applying for a license must provide a report from their primary health care provider.

Average Car Insurance Rates for Seniors

Finding cheap car insurance for seniors in Maryland means shopping around with different companies and asking for personalized quotes based on your individual circumstances.

Cheapest Car Insurance for Students in Maryland

The Insurance Administration points out that drivers are never more likely to be involved in a crash than they are in their first two years on the road. Due to this increased risk, teens and/or their parents should expect to pay higher premiums. Driving cars with safety features and maintaining good grades can help keep these premiums low. Before going off to college, students or their families must talk to their insurance agent to make sure their insurance is in place and conforms to state laws, particularly if they attend college out of state.

There is justified cause for assigning a higher risk to teen and college drivers. According to the Maryland Highway Safety Office, from 2015 to 2029, 237 drivers ages 16 to 20 in Maryland were involved in fatal crashes and over 22,600 people were injured in accidents with drivers ages 16 to 20. Given the risks are higher for young drivers, parents of these teens and college students should expect to see higher car insurance quotes.

Average Car Insurance Rates for Students

Insurance Rate Information for Military Drivers and Veterans

Whether you're on active duty or a military veteran, you can take advantage of discounts on auto insurance in Maryland, where insurance companies offer savings in appreciation for your service. Discounts are usually available to the nearly 29,000 active-duty military members as well as the 371,000 veterans with a clean driving record. Because premiums can vary widely among carriers, compare car insurance quotes from several companies and consider how much coverage you really need, based on your driving habits and the value of your vehicle, before buying a policy. It's also a good idea to calculate your net worth to determine how much coverage you might need if at fault in an accident.

There's no need to register a vehicle in Maryland if you're stationed here temporarily, although the car or truck must be legally registered in your home state while in use on Maryland roads. State law lets you wait up to a year after establishing permanent residency before you are required to register.

Average Rates for Maryland service members

male
25 years$1,488
50 years$1,166
female
25 years$1,395
50 years$1,147

Car Insurance in Maryland: What You Need to Know

All drivers in Maryland need insurance for their vehicles. The state's Motor Vehicle Administration uses capital letters for emphasis on its website: "All Maryland vehicles MUST be insured at ALL times by a vehicle company licensed in Maryland." In other words, you can't cancel insurance on a car just because you aren't driving it.

Proof of Insurance in Maryland

You can prove your coverage with a paper insurance card or an electronic card on a smartphone. You will need it if:

  • You are in a collision and need to exchange insurance information
  • A law enforcement officer asks to see it

To register or verify insurance, the Maryland MVA requires a specific form sent by the insurer.

Minimum Liability Insurance Requirements in Maryland

Insurance in Maryland has to meet at least these minimum requirements:

  • $30,000 for bodily injury per person
  • $60,000 for bodily injuries per accident
  • $15,000 for property damage
  • $30,000 of uninsured motorist coverage for bodily injury per person
  • $60,000 of uninsured motorist coverage for bodily injuries per accident
  • $15,000 of uninsured motorist coverage for property damage

High-Risk Auto Insurance Program in Maryland

Maryland Auto Insurance is an independent state agency charged with providing insurance to people who have trouble keeping traditional coverage. This includes high-risk drivers and people who struggle to make payments on regular plans. If you feel like you can't obtain insurance but still need to drive, check out the Maryland Auto Insurance website.

Alternatives to Insurance in Maryland

Maryland does not allow alternatives to liability insurance for most drivers. However, drivers who own more than 25 cars may be able to self-insure.

How Much Coverage Do You Need in Maryland?

Your needs depend on your vehicle’s value and your overall assets, but many experts recommend buying liability coverage with $100,000/$300,000 limits. You might be surprised by how little you have to pay for the extra protection. If you shop around, you may find that additional coverage at one company costs about as much as minimal coverage at another company.

You should also consider purchasing some optional policies, such as collision and comprehensive coverage, which add additional layers of protection for your car. However, you might want to skip them if your car isn't worth enough to justify the increased expense.

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About the Author


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A long-time freelance writer, Karon Warren has covered finance, insurance, healthcare, business, travel and other topics for such outlets as Lending Tree, Student Loan Hero, Healthgrades, USA Today and others.


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