Cheapest Car Insurance in Maryland: Cost and Companies (2024) (2024)

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Car insurance rates are slightly more expensive than the national average in the Old Line State. But that doesn’t mean Maryland drivers can’t find great car insurance coverage.

Below, we’ll look at the cheapest car insurance companies and coverage options in Maryland, beginning with the most affordable providers in the state.

Cheapest Maryland Car Insurance Companies

Geico, USAA, Erie Insurance, State Farm and Progressive are the cheapest car insurance companies in Maryland. We considered coverage options, average statewide premiums and customer satisfaction scores when ranking the cheapest providers in the state.

*Our research team considers nationwide factors when scoring providers. The ranking of providers in this table is specific to car insurance in Maryland.

Each car insurance company has its own calculation methods for insurance premiums. That’s why we recommend reaching out to several car insurance providers if you want to find the cheapest car insurance in Maryland.

Cheapest Maryland Car Insurance Coverage

The coverage level you choose will impact your car insurance rates. Many car insurance quotes from providers include estimates for minimum-liability and full-coverage car insurance. While minimum liability is what you are required to carry under state law, it’s a good idea for drivers to consider a full-coverage policy.

Below, we provide the cheapest auto insurance options in Maryland for both coverage types.

Cheap Liability Insurance Maryland

At $39 per month or $471 per year, USAA offers the cheapest minimum liability car insurance in Maryland on average. Geico, Travelers, Erie Insurance and Kemper also provide affordable car insurance for motorists.

Cheap Full-Coverage Car Insurance Maryland

According to our research, Geico provides the cheapest full-coverage car insurance rates in Maryland, costing $104 per month or $1,245 per year. USAA, Travelers, Erie Insurance and Kemper, are also good choices for Maryland motorists.

Several factors impact the cost of car insurance in Maryland, including age, driving history and a person’s credit scores. We’ll compare cheap car insurance estimates for Maryland drivers in these categories below.

Cheap Car Insurance in Maryland for Young Drivers

Young drivers pay substantially more for car insurance than older adults. The tables below show the cheapest car insurance for young drivers in Maryland, along with estimated monthly and annual costs.

Cheap Maryland Car Insurance for 16-Year-Olds

Travelerstends to offer the cheapest coverage for 16-year-old drivers in Maryland at an estimated cost of $4,797 per year, or $400 per month. The average rate estimate for 16-year-old Maryland drivers is $7,065 per year, or $589 per month. That’s more than 389% higher than the average rate for a 35-year-old driver in the state.

Cheap Maryland Car Insurance for 17-Year-Olds

When it comes to 17-year-old Maryland drivers, USAA tends to offer the cheapest rates, with an average estimate of $2,891 per year, or $241 per month. The average rate estimate for 17-year-old drivers in Maryland is $11,527 per year, or $961 per month. This rate is 276% higher than the average for a 35-year-old driver in the state.

*Costs were taken from 2022 information.

Cheap Maryland Car Insurance for 18-Year-Olds

USAA typically offers the lowest car insurance rates for 18-year-olds in Maryland, with an estimate of $2,741 per year, or $206 per month. The average estimate for an 18-year-old Maryland driver is $9,889 per year, or $824 per month. This figure is 223% higher than the state average for a 35-year-old driver.

*Costs were taken from 2022 information.

Cheap Maryland Car Insurance for 21-Year-Olds

For 21-year-old Maryland drivers, USAA tends to offer the lowest rates at an estimated cost of $1,237 per year, or $103 per month. The average rate in Maryland for a 21-year-old driver is $5,357 per year, or $446 per month. This is nearly 75% more than the average rate for a 35-year-old Maryland driver.

*Costs were taken from 2022 information.

Cheap Maryland Car Insurance for 25-Year-Olds

USAA tends to offer the cheapest car insurance in Maryland for 25-year-old drivers with an estimated cost of $1,413 per year, or $118 per month. The average estimated rate for a 25-year-old Maryland driver is $2,108 per year, or $176 per month.

Cheap Car Insurance in Maryland for Adult Drivers

As drivers get more experience on the road, the cost of car insurance starts to go down. Drivers in their 30s, 40s, 50s and 60s tend to receive the lowest car insurance rates on average, while older drivers in their 70s may see their rates start to increase in Maryland.

Cheap Maryland Car Insurance for 30-Year-Old Drivers

As with most other age groups, USAA tends to be the cheapest car insurance provider for 30-year-old drivers in the Old Line State at $990 per year or $83 per month. Geico is a close second, averaging around $1,128 per year or $94 per month for a full-coverage car insurance policy.

*Costs were taken from 2022 information.

Cheap Maryland Car Insurance for 35-Year-Old Drivers

Averaging around $104 per month or $1,245 per year, Geicoprovides the cheapest car insurance for 35-year-old military members, veterans and their families on average. USAA is the second most affordable choice for this age group, costing $107 per month or $1,278 per year.

Cheap Maryland Car Insurance for 40-Year-Olds

Most 40-year-old drivers in Maryland can expect to find affordable coverage through USAA or Geico. With USAA, Maryland auto insurance tends to average $77 per month or $929 per year for a full-coverage policy, while Geico costs an average of $90 per month or $1,085 per year.

*Costs taken from 2022 information.

Cheap Maryland Car Insurance for 50-Year-Olds

In our research, we found that USAA is one of the cheapest auto insurance companies in Maryland for 50-year-olds, costing $73 per month or $875 per year. Drivers may also find affordable coverage through Geico, Travelers and Erie Insurance.

*Costs taken from 2022 information.

Cheap Maryland Car Insurance for 65-Year-Olds

Active duty military and retired veterans around 65 years old will likely find affordable coverage through USAA, averaging around $79 per month or $942 per year. Other 65-year-old drivers may find cheap car insurance in Maryland through Geico, Travelers and Erie Insurance.

*Costs taken from 2022 information.

Cheap Maryland Car Insurance for 75-Year-Olds

Based on our cost estimates, USAA and Geico offer the cheapest Maryland auto insurance on average. USAA costs an average of $79 per month or $942 per year for full coverage, while Geico averages $124 per month or $1,493 per year.

Cheapest Maryland Car Insurance for High-Risk Drivers

High-risk drivers with a speeding ticket or recent accident can expect to pay more for car insurance coverage overall in Maryland. The sections below provide estimates for the cheapest car insurance rates for drivers who may fall into these categories.

Cheapest Maryland Car Insurance for Drivers With a Speeding Ticket

A speeding ticket can raise your auto insurance rates dramatically. The following providers offer the cheapest prices for car insurance in Maryland to drivers with a recent speeding ticket on their record.

Cheapest Maryland Car Insurance for Drivers With a Recent Accident

You’ll see your rates jump if you’ve been found at fault for a recent accident. Below are some of the cheapest rates for Maryland drivers with an accident on their driving record.

Cheapest Maryland Car Insurance for Drivers With Poor Credit

Your credit score can greatly affect how much you pay for car insurance in Maryland. Generally, the lower your credit score, the higher your premiums. These auto insurance providers commonly offer some of the lowest rates to Maryland drivers with poor credit scores.

Car Insurance Deals in Maryland

Our research shows that Maryland car insurance costs are on par with the national average. But that doesn’t mean that Maryland motorists shouldn’t take advantage of the car insurance discounts available to them. The table below compares car insurance deals and discounts by the top providers in the state, which we’ll discuss in further detail below.

*These are the standard car insurance discounts offered by each company. Discount availability can vary by state, so you’ll need to speak with an insurance agent to find out which car insurance discounts you may qualify for.

Car Insurance Discounts in Maryland

Shopping around for car insurance is the best way to see which discounts and deals opportunities you may qualify for with other providers. As you shop around, pay attention to the types of coverage each car insurance company offers and the discounts available for your situation. Be sure to speak with your insurance agent to find out if there are any discount opportunities you may qualify for with your current policy.

Here are further details on the common types of car insurance discounts offered by providers:

• Multi-policy: Bundle two or more insurance policies with the same company, such as condo insurance and auto insurance
• Multi-vehicle: Insure multiple cars under the same policy or combine auto insurance policies with family or friends
• Military: Applies whether you’re an active military member or veteran

• Senior: Typically applies to policyholders who are 55 and older
• Homeowners: If you own a home, you may qualify for this discount
• Good student: Usually for college and high school students under 25 who maintain a B average in their courses
• Good driver: Given to drivers with a clean driving record (no at-fault accidents, DUIs, or speeding tickets in the last three years)
• Defensive driving: Those who take a defensive driving course tend to qualify for this discount
• Driver training: Get a discount by taking a driver training course
• New car: Given to drivers who purchase a new car, typically three model years or newer
• Safe car: Applies if your vehicle has safety features like anti-theft technology
• Paperless: Receive a discount by opting to receive your documents through email
• Pay-in-full: Save on your car insurance premium by paying your policy in full up front

For those who want to know more about the cheapest car insurance providers in the Old Line State, the sections below contain more detailed information.

Drivers pay an average of $1,833 per year, or $153 per month, for car insurance in Maryland, according to our rate estimates for a 35-year-old driver with good credit and a clean driving record. These premiums are about 10% lowerthan the national average of $2,008, making Maryland one of the more expensive states for car insurance.

Here’s how Maryland car insurance costs compare with the rest of the nation:

The average rate estimate for a minimum coverage policy for car insurance in Maryland is around $901 per year, or $75 per month. This is 31% higher than the national average of $627 per year.

Maryland Car Insurance Cost by Age

While multiple factors contribute to the rate you pay for premiums, age is perhaps the single most important one. Younger drivers — especially teen drivers — tend to pay significantly higher rates for car insurance in Maryland and other states than drivers from other age groups. The table below shows the average rates for drivers of different ages.

*Costs were taken from 2022 information.

Maryland Auto Insurance Cost by City

Rates between drivers in different cities in Maryland will vary, even with all other factors the same. That’s because insurers adjust rates based on different risk factors associated with different cities and ZIP codes. The table below shows the average full-coverage rate estimates for different Maryland cities.

Factors That Affect Maryland Car Insurance Rates

The rates you receive will most likely vary from the ones you see listed in the tables. Insurance companies use a number of different variables to determine your premiums.

These are the most important factors insurers use to calculate your rates:

• Age
• Marital status
• Driving record
• Gender listed on your license
• Credit score
• Location

Most states in the U.S. require drivers to carry some combination of property damage liability insurance and bodily injury liability coverage. That list sometimes includes personal injury protection (PIP) too.

Maryland Minimum Auto Insurance Coverage

Maryland drivers are not required to carry PIP, but they do need to hold underinsured motorist and uninsured motorist coverage. Here are the minimum coverage requirements in the state, according to the Maryland Department of Transportation Motor Vehicle Administration (MVA):

• Bodily injury liability insurance: $30,000 per person and $60,000 per accident
• Property damage liability coverage: $15,000 per accident
• Uninsured/underinsured motorist insurance: $30,000 per person and $60,000 per accident
• Uninsured/underinsured property damage coverage: $15,000 per accident

Is It Illegal To Drive Without Car Insurance in Maryland?

Driving without valid car insurance in Maryland is a misdemeanor criminal offense. That means driving without the proper insurance could result in up to one year of jail time in addition to a $1,000 fine and five points on your license.

Additional Maryland Car Insurance Coverage

While you can legally drive with this minimum coverage, you’ll likely want more auto insurance protection. That’s because Maryland is an “at-fault” state, so whoever causes a car accident is responsible for the damages incurred.

Here are some common coverage options to consider to insulate yourself from financial risk:

• Collision insurance: covers damages to your vehicle in the event of an accident
• Comprehensive coverage: takes care of damages to your vehicle for reasons such as fires, floods and incidents of theft or vandalism
• Personal injury protection (PIP): covers your medical expenses no matter who is found at fault for an accident
• Medical payments (MedPay): covers medical expenses for you and others in your vehicle similar to PIP coverage, but is more widely available and less comprehensive

Maryland Auto Insurance Policy Add-Ons

Insurance companies often offer insurance add-ons that cover extra services and even protect the value of your vehicle. If you want to keep your financial situation as safe as possible, find a provider that offers the following:

• Roadside assistance: This gives you discounted or fully covered access to emergency road services such as fluid and fuel delivery, tire repair and replacement, lockout assistance and towing.
• Guaranteed asset protection (GAP insurance): This covers some or all of the difference between the amount you owe on your car and its value if it’s totaled in an accident.
• Rideshare insurance: It covers your car when you’re not actively transporting a passenger while driving for Uber, Lyft and other similar services. This time is typically not covered by those companies’ insurance policies.

How To Get Maryland Auto Insurance

The cheapest car insurance in Maryland will almost certainly be a minimum coverage policy, but most experts recommend getting more coverage than that. We always suggest getting car insurance quotes online from multiple providers so that you can compare and find the best rates for you.

Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list.

Here are the factors our ratings take into account:

• Cost: Auto insurance rate estimates generated by Quadrant Information Services and discount opportunities were both taken into consideration.
• Coverage: Companies that offer a variety of choices for insurance coverage are more likely to meet consumer needs.
• Reputation and experience: Our research team considered market share, ratings from industry experts and years in business when giving this score.
• Availability: Auto insurance companies with greater state availability and few eligibility requirements scored highest in this category.
• Customer experience: This score is based on volume of complaints reported by the NAIC and customer satisfaction ratings reported by J.D. Power. We also considered the responsiveness, friendliness and helpfulness of each insurance company’s customer service team based on our own shopper analysis.

Our credentials:

• 800 hours researched
• 45 companies reviewed
• 8,500+ consumers surveyed

*Data accurate at time of publication.