Maryland Car Insurance Rates
Projected auto insurance rates in Maryland for 2019 are $1,160 a year including full coverage. Comprehensive, collision, and liability insurance cost on average $258, $472, and $300, respectively. Baltimore and Woodlawn tend to have higher average rates, and the two largest writers in Maryland are Geico and State Farm.
Average rate for full coverage: $1,160
Price estimates by individual coverage:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Cost of Auto Insurance in Maryland
For a middle-aged driver, Maryland insurance rates go from as cheap as $356 for the bare minimum liability coverage to a high rate of $2,508 for a high risk driver.
These price differences highlight why all drivers should compare rates based on a specific location and their own personal driving habits, rather than relying on generic averages.
Use the form below to get accurate rates for your location.
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Recommended Companies for Cheap Maryland Insurance
The chart above shows average Maryland auto insurance rates for different situations. The lowest rate with discounts is $665. Drivers who choose higher $1,000 deductibles will pay about $994. The average rate for a 40-year-old male driver using $500 deductibles is $1,160. Using lower $100 deductibles for collision and other-than-collision coverage can cost as much as $1,482. High risk drivers could be charged around $2,508. The policy rate for full coverage insurance for a teen driver is $4,268.
Insurance rates in Maryland also range considerably based on your choice of vehicle, your driving characteristics, and policy deductibles and limits.
More mature drivers with a clean driving record and high physical damage deductibles could pay as little as $1,100 per year on average, or $92 per month, for full coverage. Prices are highest for teenagers, where even without any violations or accidents they can expect to pay upwards of $4,200 a year. View Rates by Age
The city you live in makes a big difference in auto insurance rates. Rural areas may have rates around $900 a year, whereas some areas in Baltimore and Woodlawn could have rates closer to $2,100. Even different areas within a few miles of each other in the same city can have very different rates.
These wide price ranges emphasize why it is so important to get rates for your specific zip code.
The company you choose definitely influences the cost of coverage. Every insurance company has their own rate formula, and prices can range greatly based on your risk profile. In Maryland, car insurance prices range from $939 with USAA to as much as $2,993 with Victoria. Companies like Liberty Mutual, Penn National, and Erie fall in the middle.Those are not necessarily the exact rates you would pay, as the type of vehicle you drive, your motor vehicle report, and your location in Maryland have to be considered.
|Rank||Company||Market Share||Average Rate|
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Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
Choosing high deductibles could save up to $490 each year, whereas increasing liability limits will cost you more. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise prices by up to $270 more per year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or you caused a few accidents, you are likely paying at a minimum $1,400 to $1,900 extra every year, depending on your age. Insurance for high-risk drivers can cost anywhere from 45% to 135% more than average. View High Risk Driver Rates
Your choice of vehicle makes a big difference in the cost of auto insurance coverage in Maryland. Driving a less expensive and safe model will save money on insurance because of lower repair costs and less likelihood of injuries in accidents.
The next table shows insurance cost estimates for some of the more popular vehicles on the road in Maryland.
|Make and Model||Premium||% to Avg|
|Get Rates for Your Vehicle Quote Now|
Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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Because prices have so much variability, the best way to figure out exactly what you will pay is to do a rate comparison from as many companies as possible. Every company uses a different rate calculation, so the rates will be varied between companies.
Maryland Auto Insurance Articles
- Who Has Cheap Car Insurance in Maryland?
- Cheapest Insurance Quotes for a Ford Explorer in Maryland
- Cheapest Insurance Quotes for a Jeep Grand Cherokee in Maryland
- Cheapest Car Insurance for Good Drivers in Maryland
- Who Has the Cheapest Auto Insurance Quotes for 16 Year Olds in Maryland?
- Who Has Cheap Car Insurance Quotes After a Speeding Ticket in Maryland?
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Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$87|
|5-yr Claim Free||$75|
|Paid in Full/EFT||$55|
Discounts are estimated and may not be available from every company or in every state.