Why Is Car Insurance So Expensive in Maryland?
MF
Updated: December 27, 2023
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About Mark Fitzpatrick
sources
- Maryland.gov. "Insurance Requirements for Maryland Vehicles." Accessed April 20, 2022.
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Maryland is the fifth-most expensive state for auto insurance. The average Maryland car insurance rate is $2,127 per year, which is more expensive than the national average of $1,424 per year. Premiums in Maryland can be pricey due to personal factors or state-specific reasons, like highway density and the percentage of the population that lives in urban areas.
Updated: December 27, 2023
Advertising & Editorial Disclosure
About Mark Fitzpatrick
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.