Cheapest Car Insurance in Maryland (2024)
- Erie is the cheapest company for young drivers and drivers with a DUI.
- State Farm has the lowest rates after a speeding ticket or accident.
Coverage/driver type | Cheapest company | Average annual rate |
---|---|---|
Full coverage | Geico | $1,563 |
Liability coverage | Geico | $803 |
Young driver (full coverage) | Erie | $3,700 |
Speeding ticket | State Farm | $1,897 |
Accident | State Farm | $2,148 |
DUI | Erie | $2,010 |
Poor credit | Geico | $2,235 |
Cheapest full-coverage car insurance in Maryland: Geico
Geico offers Maryland’s cheapest full-coverage car insurance, with rates that average $1,563 a year, or $130 a month.
Erie, State Farm and Travelers also offer full-coverage rates that are cheaper than the state average ($2,051 a year).
Company | Average annual rate | LendingTree score | |
---|---|---|---|
Geico | $1,563 | ||
Erie | $1,730 | Not rated | |
State Farm | $1,765 | ||
Travelers | $1,842 | ||
Progressive | $2,312 | ||
Nationwide | $2,757 | ||
Allstate | $3,496 | ||
USAA | $944 |
USAA’s average rate for full-coverage car insurance in Maryland is even cheaper, but only members of the military and their families can buy from USAA.
Full-coverage car insurance usually combines liability, comprehensive and collision coverage types. Together, these coverages protect you from damage to your vehicle and your own injuries, as well as injuries and damage you cause to others.
To get the cheapest full-coverage car insurance for your situation, compare car insurance quotes from several companies while you shop for a policy.
Cheapest Maryland liability coverage: Geico
Geico, Erie and State Farm have the cheapest car insurance in Maryland for drivers who only want liability coverage.
Geico’s average rates are the lowest overall, at $803 a year or $67 a month, which is 27% cheaper than the state average rate of $1,093 a year.
Company | Average annual rate |
---|---|
Geico | $803 |
Erie | $891 |
State Farm | $893 |
Travelers | $992 |
Progressive | $1,235 |
Nationwide | $1,466 |
Allstate | $2,024 |
USAA* | $438 |
Liability car insurance helps pay for injuries you cause to others in a car accident. It also covers damage you cause to someone else’s vehicle or property. However, it does not cover your own injuries or damage to your own vehicle.
Cheapest rates for young drivers in Maryland: Erie
Young drivers looking for cheap car insurance in Maryland should get quotes from Erie. Erie’s average liability and full-coverage rates are the cheapest in the state for teen and other young drivers, at $1,856 and $3,700 a year, respectively.
Cheapest liability coverage for teen drivers
Company | Average annual rate |
---|---|
Erie | $1,856 |
State Farm | $2,693 |
Travelers | $2,741 |
Geico | $2,852 |
Progressive | $3,720 |
Nationwide | $5,287 |
Allstate | $8,400 |
USAA* | $1,282 |
Cheapest full coverage for teen drivers
Company | Average annual rate |
---|---|
Erie | $3,700 |
Travelers | $4,982 |
State Farm | $5,496 |
Geico | $5,955 |
Progressive | $7,950 |
Nationwide | $10,150 |
Allstate | $14,694 |
USAA* | $2,679 |
Teen and other young drivers pay a lot for car insurance because they tend to get into more accidents than older drivers do. Car insurance rates go down as you age, though — especially after the age of 25.
One of the best ways to get cheap car insurance for young drivers in Maryland and elsewhere? Get a parent to add you to their policy.
Cheapest rates after a speeding ticket in Maryland: State Farm
State Farm is the cheapest car insurance company for Maryland drivers after a speeding ticket, with rates that average $1,897 a year, or $158 a month.
Company | Average annual rate |
---|---|
State Farm | $1,897 |
Erie | $2,010 |
Geico | $2,019 |
Travelers | $2,395 |
Progressive | $2,665 |
Nationwide | $3,367 |
Allstate | $4,244 |
USAA* | $1,117 |
Drivers in Maryland with a speeding ticket on their records pay 20% higher car insurance rates than those with clean records, on average.
Cheapest rates after an accident in Maryland: State Farm
State Farm has the most affordable car insurance in Maryland for drivers with an at-fault accident on their records, charging $2,148 a year ($179 a month), on average.
Company | Average annual rate |
---|---|
State Farm | $2,148 |
Erie | $2,543 |
Travelers | $2,653 |
Geico | $2,718 |
Progressive | $3,296 |
Nationwide | $4,223 |
Allstate | $5,911 |
USAA* | $1,473 |
Maryland drivers pay 52% more for car insurance after an at-fault accident, on average.
Cheapest rates after a DUI in Maryland: Erie
Erie has the cheapest auto insurance for drivers with a DUI (driving under the influence) conviction in Maryland, with rates averaging $2,010 a year, or $168 a month.
Geico also offers affordable rates to Maryland drivers after a DUI, at $2,235 a year, or $186 a month.
Company | Average annual rate |
---|---|
Erie | $2,010 |
Geico | $2,235 |
Travelers | $2,803 |
Progressive | $2,927 |
Nationwide | $3,182 |
Allstate | $3,647 |
State Farm | $9,740 |
USAA* | $2,469 |
Drivers with a DUI pay an average of 77% more for car insurance in Maryland than they would if they had clean records.
Best Maryland rates for bad credit: Geico
Geico charges the cheapest car insurance rates for drivers with bad credit, at an average of $2,235 a year ($186 a month).
Company | Average annual rate |
---|---|
Geico | $2,235 |
Progressive | $3,437 |
Travelers | $3,508 |
Nationwide | $3,821 |
Erie | $3,978 |
Allstate | $4,862 |
State Farm | $6,629 |
USAA* | $1,646 |
Drivers with bad credit often pay more for car insurance, as car insurance companies consider them more likely to file claims. The higher rates help offset the higher risk.
In Maryland, car insurance companies can only use your credit score to calculate your initial premium. They can’t use it to increase your premium at renewal, or to deny, cancel or refuse to renew your policy.
Maryland insurance rates by city
Among Maryland’s largest cities, Hagerstown has the cheapest car insurance, with rates that average $1,672 a year, or $139 a month.
Baltimore has the state’s highest car insurance rates, at an average of $3,005 a year, or $250 a month.
City | Average annual rate |
---|---|
Aspen Hill | $2,273 |
Baltimore | $3,005 |
Bel Air South | $1,979 |
Bethesda | $1,850 |
Bowie | $2,230 |
Catonsville | $2,587 |
Columbia | $2,069 |
Dundalk | $2,593 |
Ellicott City | $2,060 |
Essex | $2,614 |
Frederick | $1,744 |
Gaithersburg | $2,043 |
Germantown | $2,026 |
Glen Burnie | $2,171 |
Hagerstown | $1,672 |
North Bethesda | $1,892 |
Odenton | $2,058 |
Potomac | $1,933 |
Rockville | $2,003 |
Severn | $2,157 |
Silver Spring | $2,257 |
Towson | $2,548 |
Waldorf | $2,241 |
Wheaton | $2,118 |
Woodlawn | $2,932 |
Where you live is one factor that companies use to calculate your car insurance premium. Other factors that affect what you pay are:
- Your age, gender and marital status
- The make and model of your car
- Your driving record
- Your history of insurance claims
Car insurance laws in Maryland
Maryland law requires drivers to have 30/60/15 car insurance at a minimum. This means they need at least these amounts of bodily injury and property damage liability car insurance coverage.
Minimum coverage for car insurance in Maryland
Coverage type | Minimum amount needed |
---|---|
Bodily injury (per person) | $30,000 |
Bodily injury (per accident) | $60,000 |
Property damage | $15,000 |
Maryland drivers also need to carry uninsured motorist coverage with at least these same limits. Uninsured motorist coverage is a type of car insurance that kicks in if an uninsured driver injures you or damages your car. It also protects against hit-and-run drivers.
If you can’t get car insurance because of a serious accident, an insurance lapse or other reasons that cause companies to consider you a high-risk driver, get a quote from Maryland Auto Insurance. Previously known as the Maryland Auto Insurance Fund (MAIF), Maryland Auto will insure you if a company cancels your policy or if two or more companies deny you coverage.
Frequently asked questions
The average cost of car insurance in Maryland is $1,093 a year, or $91 a month. This is for a policy with only liability and uninsured motorist coverage.
The average cost of full-coverage car insurance in Maryland is $2,051 a year, or $171 a month.
Geico has the cheapest car insurance in Maryland if you get just liability coverage and you’re a typical driver with a clean record. Geico’s average rate in this case is $803 a year or $67 a month.
To get cheaper car insurance in Maryland, compare quotes from multiple companies before you settle on one. Include local auto insurance companies here if you can. Local auto insurance companies sometimes offer lower rates than nationwide companies. They can also offer better customer service.
It is illegal to drive without insurance in Maryland. Some of the fines and penalties uninsured drivers face include:
- $150 fine for the first 30 days and $7 for each additional day, up to $2,500 per vehicle per year
- Registration suspension
Maryland requires all drivers to have at least 30/60/15 auto insurance. This can help pay for damage and injuries you cause to others, but only to a point.