How to Compare Car Insurance Rates 2024
How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Cheapest Car Insurance in Maryland (2024)

Published on:
Content was accurate at the time of publication.

Geico has the cheapest car insurance in Maryland for most drivers, with rates that average $803 a year for liability coverage and $1,563 a year for full coverage.

Erie is the state’s cheapest car insurance company for young drivers and drivers with a DUI (driving under the influence) conviction. Meanwhile, State Farm offers the lowest rates to those with a speeding ticket or at-fault accident on their records.

Coverage/driver typeCheapest companyAverage annual rate
Full coverageGeico$1,563
Liability coverageGeico$803
Young driver (full coverage)Erie$3,700
Speeding ticketState Farm$1,897
AccidentState Farm$2,148
DUIErie$2,010
Poor creditGeico$2,235

Find the Cheapest Car Insurance Quotes in Maryland

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).

CompanyAverage annual rate
Geico$1,563
Erie$1,730
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.

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.

CompanyAverage 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.

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

CompanyAverage 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

CompanyAverage 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.

Find the Cheapest Car Insurance Quotes in Maryland

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.

CompanyAverage 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.

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.

CompanyAverage 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.

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.

CompanyAverage 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.

Geico charges the cheapest car insurance rates for drivers with bad credit, at an average of $2,235 a year ($186 a month).

CompanyAverage 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.

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.

CityAverage 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 typeMinimum 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.

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.

Methodology

The rates in this article are based on an analysis of auto insurance quotes obtained from Quadrant Information Services for sample drivers from across Maryland (or the U.S., in the case of national averages).

Unless otherwise noted, our sample driver is a single 30-year-old male who owns a 2015 Honda Civic. Our young base driver is an 18-year-old male with a good driving record.

Minimum-coverage rates reflect the cost of policies meeting the minimum liability limits required by each state.

Full-coverage policies include these coverages, limits and deductibles:

  • Bodily injury liability: $50,000 limit per person/$100,000 limit per accident
  • Property damage liability: $25,000 limit
  • Uninsured motorist: $50,000 per person, $100,000 per accident, where required by law
  • Personal injury protection: Minimum limits, where required by law
  • Collision: $500 deductible
  • Comprehensive: $500 deductible

*USAA is only available to current and former members of the military as well as certain family members.