Progressive is the overall cheapest car insurance company in Maryland. Nationwide is also the most affordable options for some drivers.
The best car insurance company in Maryland offers quality coverage at an affordable price.
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Cheapest Minimum Liability Car Insurance in Maryland (September 2023)
MoneyGeek's analysis reveals the following are Maryland’s cheapest car insurance companies offering minimum coverage auto policies:
- Progressive: $620 per year
- Nationwide: $704 per year
Allstate has the highest minimum coverage premium in Maryland, costing an average of $1,360.
Maryland drivers must have personal injury protection and property damage liability insurance.
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 damage to cover damage to your vehicle.
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Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
Cheapest Full Coverage Car Insurance in Maryland (September 2023)
Based on MoneyGeek's research, the following insurers provide the most affordable full coverage car insurance in Maryland:
- Nationwide: $1,088 per year
- GEICO: $1,211 per year
In Maryland, Allstate offers the most expensive full coverage insurance at $2,040 per year.
You will likely pay a higher premium if you add comprehensive and collision coverage to your auto insurance. A full coverage policy from GEICO costs $305 more than its minimum coverage policy.
The more coverage you have on your auto insurance, the better protected you are in an accident. Full coverage policies cover accidents on and off the road, including collisions and theft.
A major factor in determining your insurance premiums is how much coverage you need. MoneyGeek used the following limits for a sample full coverage policy:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- Comprehensive and collision coverage with a $1,000 deductible
You can lower your insurance rates by reducing your liability limits, eliminating comprehensive and collision coverage or increasing your deductible. You may, however, 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.
Auto Insurance Calculator
See how the Average Annual Auto Insurance Rates vary with the options chosen.
Cheapest Car Insurance in Maryland by Age (September 2023)
Age is one of the biggest factors affecting car insurance rates in Maryland. MoneyGeek found that Kemper, Nationwide or Progressive offer the cheapest options, depending on what age group you and your family belong to.
Cheapest Car Insurance in Maryland for Teens and Their Families (September 2023)
According to MoneyGeek, the following insurance providers offer the most affordable individual policy rates for teen drivers in Maryland:
- Kemper: $1,827 per year for male teens; GEICO: $1,668 for female teens
- Progressive: $2,036 per year for male teens; Kemper: $1,827 for female teens
The most expensive option is 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, making 19-year-olds pay the lowest premiums among this age group. In Maryland, the insurer with the most affordable car insurance rates for the most senior teens is Kemper ($1,619 per year).
By adding a teenager to their policy, Maryland parents can save as much as $3,333 over purchasing an individual policy.
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 (September 2023)
Based on MoneyGeek's research, the following companies offer the best car insurance rates for young adults in Maryland:
- Nationwide: $1,309 per year
- Progressive: $1,328 per year
Allstate charges drivers in their 20s the most for car insurance at an average of $2,052 per year.
Auto insurance is usually more expensive for drivers in their 20s than for middle-aged drivers. For example, a Nationwide policy for a young adult driver costs up to $221 more than for a 40-year-old.
Cheapest Car Insurance in Maryland for Seniors (September 2023)
The following companies offer the cheapest car insurance for senior drivers in Maryland:
- Progressive: $1,165 per year
- Nationwide: $1,213 per year
The highest car insurance rates for seniors come from Allstate, at approximately $2,270 per year.
Car insurance costs are slightly lower for senior drivers in Maryland than for middle-aged drivers. For example, a full coverage policy with Nationwide is $125 less for seniors than for those in their 40s. Car insurance rates increase as you reach 70, however.
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 (September 2023)
If you have tickets or accidents on your record in Maryland, Progressive offers the best rates. Erie offers the best rates for those with DUI records.
Insurance rates rise after drivers have a traffic violation on their records. A regular review of your driving record and taking a driving course approved by your state could lower your insurance rates over time.
Cheapest after a ticket: Progressive ($1,316 per year)
Cheapest after an accident: Progressive ($1,638 per year)
Cheapest after a DUI: Progressive ($1,453 per year)
Cheapest for poor credit: Nationwide ($1,350 per year)
Cheapest for sports cars: Nationwide ($1,207 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:
- Progressive: $1,316 per year
- Nationwide: $1,385 per year
Kemper is the state's most expensive auto insurance provider, charging $2,303 a year. Speeding tickets in Maryland can increase your insurance premium by $293.
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:
- Progressive: $1,638 per year
- Nationwide: $1,713 per year
With an annual premium of approximately $3,301, Kemper is the most expensive auto insurance company in Maryland for drivers who are at fault for accidents. Getting into a car accident in Maryland and being at fault can result in an increase of $715 in your annual premium.
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:
- Progressive: $1,453 per year
- GEICO: $1,566 per year
A Kemper policy costing approximately $4,491 a year is the most expensive for Maryland DUI drivers. DUI convictions result in an average increase of $702 in the state's car insurance rates.
Cheapest Car Insurance in Maryland for Drivers With Poor Credit (September 2023)
In Maryland, the following companies offer the lowest auto insurance rates for drivers with poor credit scores (below 580):
- Nationwide: $1,350 per year
- Progressive: $1,498 per year
On average, State Farm offers the highest car insurance rates for drivers with poor credit at $3,414 a year.
Full coverage car insurance in Maryland for drivers with poor credit costs an average of $950 more than for drivers with good credit scores (above 750).
Insurance companies charge those with bad credit higher rates due to a higher probability they will file a claim. This practice is legal in Maryland but not in all states.
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 (September 2023)
Maryland sports car owners can find the most affordable car insurance rates from:
- Nationwide: $1,207 per year
- Travelers: $1,257 per year
State Farm offers the most expensive policy for sports cars, with a premium of $1,891 per year.
The cost to insure a sports car in Maryland is $124 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.
Cheapest Car Insurance in Maryland for Military Drivers (September 2023)
If you are an active-duty military member or veteran living in Maryland, USAA offers the cheapest car insurance at $733 per year on average.
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.
- $733 per year on average
- Ranks first out of nine insurers for affordability
A military member's best option for car insurance in Maryland is USAA. USAA also offers bundling, multiple car and safe driving discounts.
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.
Nationwide offers the most affordable car insurance in Columbia for about $957 a year. As the cheapest insurer in Baltimore, Progressive offers full coverage for $1,584. Depending on location, the same provider may have different rates.
Car Insurance in Maryland: What You Need to Know
Drivers in Maryland must carry bodily injury and property damage liability insurance. The majority of states require these coverages.
Maryland Car Insurance Requirements
Maryland law requires you to have at least bodily injury liability and property damage coverage. Despite being affordable, this type of policy does not provide adequate coverage in case of accidents.
We recommend purchasing as much liability coverage as you can afford to ensure your best protection.
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.
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.
We strongly recommend 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 your car, you may need comprehensive and collision insurance. This insurance covers damage to your car in the event of a collision, an off-road incident, vandalism or theft.
Even though 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.
FAQs About Car Insurance in Maryland
We have compiled a list of frequently asked questions about Maryland auto insurance for your convenience.
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