Best Cheap Car Insurance Companies for High-Risk Drivers in Maryland

Car insurance for high-risk drivers is usually more expensive than a policy for those with a low-risk record or profile. The only way to reduce insurance costs is to shop around and compare quotes from multiple providers.

MoneyGeek found that Erie offers the best blend of affordability and customer service for high-risk drivers. It also has the cheapest rate at an average of $1,738 per year. But your actual rate may vary depending on various personal factors.

High-risk drivers are those who are more likely to file an insurance claim than the average driver. Generally, a high-risk driver is someone with multiple traffic violations, at-fault accidents or a DUI conviction. You may also be considered high risk if you are a student driver or have poor credit.

Auto insurance companies often charge high-risk drivers a more expensive premium to compensate for the risk of covering them. Case in point, high-risk drivers in Maryland pay around 24% more for car insurance than those with a clean or low-risk driving record.

According to MoneyGeek’s research, Erie offers the cheapest car insurance for bad drivers in Maryland. Its policy for high-risk drivers in the state costs an average of $1,738 per year.

Learn more about this company’s pros, cons and rates by reading MoneyGeek’s Erie auto insurance review.

With a MoneyGeek score of 97 out of 100, Erie is the best high-risk auto insurance company in Maryland. Allstate offers the second-best high-risk car insurance in the state, receiving a MoneyGeek score of 85 out of 100.

Our Erie auto insurance review and Allstate auto insurance review provide more detail about the companies’ affordability, customer satisfaction and financial stability.

At approximately $1,611 per year, Erie is MoneyGeek’s pick for the cheapest car insurance provider in Maryland for those with a DUI conviction. Our Erie auto insurance review provides an in-depth look at the company’s coverages, average costs, discounts and online tools.

Active and former military members with a DUI may also consider USAA as an affordable option for high-risk car insurance in Maryland.

Based on MoneyGeek’s analysis, Allstate offers the lowest car insurance rates for teen drivers in Maryland, averaging $6,836 per year. But your rate will be based on your age and other factors. To find out more about this company, browse our Allstate auto insurance review.

MoneyGeek’s analysis determined that Allstate is the most affordable auto insurance company in Maryland for those with bad credit. Its policy costs roughly $2,047 per year, around 22% more than the rate for drivers with a good credit score.

Learn more about this insurer by checking out our Allstate auto insurance review.

Your driving profile and history play a vital role in determining the cost of car insurance. If you’re considered high-risk by insurance companies, you may get a more expensive premium than low-risk drivers.

In Maryland, high-risk drivers pay an average of $2,810 per year for car insurance, whereas low-risk drivers spend around $2,125 per year. That’s a difference of roughly $685.

Get a ballpark figure of your car insurance rate by using MoneyGeek’s Maryland car insurance calculator. Our tool considers factors such as your age, driving record, credit score and vehicle type to provide a rough estimate of how much you’ll pay for a policy.

High-risk drivers are those who are more likely to file an insurance claim due to their driving profile and history. Since car insurance is a voluntary market, insurance companies can deny you coverage if they consider you high risk. Your next best option is to shop for a residual market plan through the Automobile Insurance Plan Service Office (AIPSO). Using its state database, this management organization helps overly-risky drivers find coverage where they live.

If you can’t find coverage due to your driving record, you can seek out the Maryland Automobile Insurance Fund (MAIF). It helps lower the number of uninsured motorists in Maryland by offering car insurance to high-risk drivers.

MAIF doesn’t take into account credit history, education or employment information, allowing drivers who do not qualify with standard auto insurers to get coverage that meets their needs.

You may have a hard time getting car insurance if you’re a high-risk driver. MoneyGeek answered some frequently asked questions about high-risk car insurance in Maryland to help you shop for a policy that meets your needs.

MoneyGeek calculated average rates using full coverage car insurance policies with 100/300/100 liability insurance and comprehensive and collision coverage with a $1,000 deductible. Minimum coverage car insurance policy rates were calculated based on each state’s minimum car insurance requirement.

To calculate rates for high-risk drivers, MoneyGeek averaged the premiums insurance companies charge for three of the most common driving violations: speeding, at-fault accident and DUI.

To determine the best car insurance company for high-risk drivers, MoneyGeek scored companies based on affordability, customer satisfaction and complaints — obtained from J.D. Power surveys and NAIC complaint scores — and financial strength ratings as calculated by AM Best. Affordability received the greatest weighting in our calculations.