How Much Does Car Insurance Cost in Maryland?

How Much Does Car Insurance Cost in Maryland? Do you want to know how much car insurance costs in Maryland? If you want to know about this, then you should read this content. There are many things you need to know about the cost of car insurance in Maryland.

How Much Does Car Insurance Cost in Maryland?

But to know all of these, you should keep on reading. I have given some information and also arranged it in a standard form for a clearer and better understanding.

How Much Does Car Insurance Cost in Maryland?

One of the factors that simply determines how much car insurance is in Maryland is where you stay or live. Maryland drivers simply pay $1,931 per year for full coverage, based on 2022 data from Quadrant Information Services. For comparison, the average cost of car insurance in the U.S. is about $1,771 for full coverage, which is also about 8% lower than the average rate in Maryland.

Although Maryland drivers simply pay higher average car insurance rates, there are also ways to help keep rates low. Shopping around for quotes or switching carriers might even help you find the best company and also the best premiums for you. Your age, driving record, type of car, commute time, and even credit score may also be deciding factors that will help determine your auto insurance rates.

Maryland Car Insurance Rates by Company:

Every car insurance company in Maryland simply sets its own rates, which will then vary based on your driving profile, where you live, and the coverage you actually need. Based on research, USAA has the cheapest average rates for full coverage and also Allstate has the cheapest average rates for minimum coverage in Maryland.

The table below simply shows the average rates for minimum liability and full coverage insurance from several car insurance companies in Maryland:

Car insurance companies

The average annual premium for full coverage

Average annual premium for minimum coverage

Allstate

$2,265

$521

Encompass

$1,622

$724

Erie

$1,681

$704

Esurance

$2,974

$1,427

Geico

$1,690

$608

Kemper

$1,561

$947

Maryland Auto Insurance

$4,005

$1,393

Nationwide

$1,580

$1,016

Penn National

$1,660

$1,048

Progressive

$1,833

$976

State Auto Insurance

$2,081

$1,118

State Farm

$1,963

$856

USAA

$1,398

$533

Maryland Car Insurance Rates by City

Another factor that even impacts the cost of car insurance in Maryland is your city and ZIP code. According to average rate data, car insurance premiums simply tend to be the most expensive in Dundalk and also the least expensive in Hagerstown, according to average rate data.

In the table below, you can see the average cost of car insurance in the top 20 cities in Maryland by population:

City

Average annual premium for full coverage

% difference from state average annual premium

Baltimore

$2,271

18%

Columbia

$1,768

-8%

Germantown

$1,738

-10%

Silver Spring

$1,958

1%

Waldorf

$1,945

1%

Ellicott City

$1,826

-5%

Frederick

$1,470

-24%

Glen Burnie

$1,891

-2%

Rockville

$1,754

-9%

Gaithersburg

$1,762

-9%

Bethesda

$1,679

-13%

Dundalk

$2,357

22%

Bowie

$1,964

2%

Towson

$1,986

3%

Bel Air

$1,711

-11%

Severn

$1,861

-4%

Potomac

$1,742

-10%

Odenton

$1,733

-10%

Catonsville

$2,066

7%

Hagerstown

$1,435

-26%

Maryland Car Insurance Rates by Age

Your age can also impact your car insurance rates in every state, especially Maryland. According to the average annual premium costs for Maryland drivers, car insurance rates simply start to decrease around the age of 25 and eventually increase again around the age of 70.

In the table below, you can see the average car insurance rates in Maryland for drivers in various age groups:

Age

Average annual premium for full coverage in Maryland

Age 16*

$4,058

Age 18

$3,831

Age 20

$3,215

Age 25

$2,385

Age 60

$1,765

Age 70

$1,945

Maryland Car Insurance Rates by Driving Record

Maintaining a clean driving record in Maryland is also a great way for you to keep costs low for car insurance. Auto insurance rates have been impacted by your motor vehicle record, which simply means getting a speeding ticket conviction or having an at-fault accident could increase your premium significantly. For example, getting a DUI in Maryland will simply increase your car insurance premium by about 83%.

The table below simply highlights average car insurance premiums based on various driving infractions:

Driving incident

Average annual full coverage premium in Maryland

% increase in the state’s average annual premium

Speeding ticket conviction

$2,334

21%

At-fault accident

$2,902

50%

DUI

$3,530

83%

How to Save on Car Insurance in Maryland

If you are looking for a way to get cheap car insurance, there are some ways to save in Maryland. Consider these savings tips below to get the best price for car insurance in your Maryland city.

  • Bundle with a home: If you simply own a home or condo, you can then usually take advantage of one of the highest percentage discounts available, the multi-policy discount. Renters might even be able to take advantage of a multi-policy discount by bundling their renters’ insurance with auto insurance. However, the discount is simply less compared to home insurance bundles.
  • Check your mileage: If you drive less than about 11,500 miles annually, which is also average for Americans, you might be able to get cheaper rates on car insurance. Not all companies simply offer mileage discounts, but some do, and others may even offer pay-per-mile policies if you do not drive much, which could even further reduce how much you pay for Maryland auto insurance.
  • Get rewarded for good driving habits: If you tend to be a safe driver by avoiding fast accelerations and also sudden braking, you could then get rewarded for your habits. Most auto insurance companies simply offer usage-based telematics programs, which can involve plugging a device into your car or using your smartphone to track your trips.
  • Shop around: Another way for you to potentially save on your Maryland car insurance is to shop around for quotes. Make sure also to compare the same coverage with different auto insurance companies to be able to see which company offers the best coverage for the best price. By doing this each year or just before your policy renewal, you could even save money without sacrificing coverage.
  • Take advantage of discounts: Most car insurance companies simply offer a number of discounts, and many of them are stackable, which can then add up when you take advantage of all the discounts you are eligible for. Discounts for safety features, good grades, safe driving, being accident-free, and being a member of affinity groups are also just a few of the ways you could potentially save money on auto insurance in Maryland.

FAQs

How much is car insurance per month in Maryland?

While Maryland car insurance rates simply vary based on state, ZIP code, driving profile, coverage, and vehicle type, the average cost of car insurance in Maryland is about $161 per month for full coverage and $70 per month for state minimum liability auto insurance coverage.

How much car insurance do I need in Maryland?

The minimum amount of liability coverage that is required in Maryland is about $30,000 for bodily injury per person, $60,000 for bodily injury per accident, and $15,000 for property damage. The same liability minimums are also required for uninsured and underinsured motorists. Personal injury protection (PIP) is required for a minimum amount of about $2,500 per person, though you can even sign a waiver if you do not want PIP insurance.

Why is Maryland car insurance so high?

Traffic density, the frequency of accidents, thefts, and even vandalism acts, and weather-related events may all contribute to making Maryland auto insurance premiums higher than the national average. Maryland is also home to many popular cities, like Baltimore and Salisbury. According to the Insurance Information Institute, metropolitan areas are even more likely to have higher auto insurance rates.

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