Cheapest Car Insurance in Maryland (June 2024)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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

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.

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.

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.

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