- Best car insurance companies in Maryland: Geico
- Cheapest car insurance companies in Maryland: Geico
- Average cost of car insurance in Maryland
- Maryland car insurance requirements
- Cheapest car insurance companies for minimum liability coverage in Maryland
- Cheapest car insurance cost in Maryland by age
- Cheapest car insurance companies in Maryland by driver profile
- Compare auto insurance rates by city in Maryland
- Car insurance premium trends in Maryland
- Methodology
- Compare Maryland car insurance rates with other states
Best car insurance companies in Maryland: Geico
Geico is the best auto insurance company in Maryland for all drivers, based on an analysis by Insurance.com, with an overall rating of 3.99. Erie Insurance, Travelers, and Nationwide are also the top car insurance companies in Maryland.
Below is a full list of the top Maryland insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | JD Power | NAIC | Average annual premium | Insurance.com score |
|---|---|---|---|---|---|
| Geico | A++ | 818 | 0.91 | $1,262 | 3.99 |
| Erie Insurance | A+ | 863 | 0.61 | $1,685 | 3.94 |
| Travelers | A++ | 822 | 0.49 | $1,523 | 3.93 |
| Nationwide | A+ | 820 | 0.64 | $1,363 | 3.82 |
| State Farm | A++ | 843 | 0.7 | $2,177 | 3.62 |
| Progressive | A+ | 814 | 0.65 | $1,895 | 3.57 |
| Allstate | A+ | 825 | 0.65 | $3,108 | 3 |
| Kemper Insurance | A- | 736 | 2.16 | $1,603 | 2.26 |
Cheapest car insurance companies in Maryland: Geico
We have gathered price quotes from all the major insurance providers in Maryland and put together a list of the cheapest car insurance companies. Based on a rate analysis by Insurance.com, Geico offers the cheapest full coverage car insurance in Maryland overall and is open to all drivers, with an average annual rate of $1,262. If you qualify, USAA has cheaper rates.
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
| Company | State minimum liability | 50/100/50 liability | 100/300/100 liability with $500 deductible |
|---|---|---|---|
| USAA | $362 | $418 | $1,043 |
| Geico | $428 | $465 | $1,262 |
| Nationwide | $724 | $715 | $1,363 |
| Travelers | $647 | $715 | $1,523 |
| Kemper Insurance | $707 | $779 | $1,603 |
| Erie Insurance | $600 | $660 | $1,685 |
| Progressive | $812 | $875 | $1,895 |
| Penn National Insurance | $1,021 | $827 | $1,911 |
| State Farm | $744 | $839 | $2,177 |
| Allstate | $1,255 | $1,299 | $3,108 |
*USAA offers car insurance only to military members and their families.
Average cost of car insurance in Maryland
The average car insurance cost in Maryland is $1,746 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Maryland is $727.
Auto insurance calculator
Most & least expensive ZIP codes for auto insurance in Maryland
Most Expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 21216 | Baltimore | $250 |
| 21215 | Baltimore | $244 |
| 21223 | Baltimore | $243 |
| 21217 | Baltimore | $240 |
Least Expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 21795 | 2 Williamsport | $127 |
| 21601 | Easton | $127 |
| 21532 | Frostburg | $127 |
| 21767 | Maugansville | $127 |
The Maryland Insurance Administration says...
Maryland law states that an insurer may not refuse to underwrite (that is to insure), refuse to renew, cancel or increase the renewal premium based, in whole or in part, on the credit history of the insured or applicant. However, an insurer may use credit history to rate a new policy. This means that the decision to place you with an affiliated insurer, assign you to a specific tier within an insurer, or to add or remove a discount based on your credit score when you first obtain insurance with the insurer, is authorized by law.
Maryland car insurance requirements
The minimum car insurance required in Maryland is 30/60/15. The average cost of the state minimum liability insuranceLiability insurance covers sums that an insured becomes legally obligated to pay because of bodily injuries or property damage, or financial losses caused to other people. is $723 per year or $60 per month.
Minimum liability insurance requirements for Maryland:
- Bodily injury liability (BI): $30,000 per person, $60,000 per accident
- Property damage liability (PD): $15000 per accident
- Personal injury protection (PIP): $2,500 per person
- Uninsured/underinsured motorist bodily injury coverage:$30,000 per person, $60,000 per accident
- Uninsured/underinsured motorist property damage coverage: $15000
Cheapest car insurance companies for minimum liability coverage in Maryland
According to the data analysis, Geico provides the most affordable state minimum liability-only car insurance coverage, averaging $453 annually or $38 per month. Although USAA offers the lowest rates, it's important to note that there are eligibility criteria associated with their coverage.
The table below shows the cheapest car insurance companies for minimum coverage in Maryland.
| Company | Liability insurance premium | Monthly liability insurance premium |
|---|---|---|
| USAA* | $362 | $30 |
| Geico | $453 | $38 |
| Erie Insurance | $594 | $49 |
| Travelers | $658 | $55 |
| Kemper Insurance | $693 | $58 |
| Nationwide | $716 | $60 |
| State Farm | $760 | $63 |
| Progressive | $786 | $65 |
| Penn National Insurance | $1,051 | $88 |
| Allstate | $1,253 | $104 |
*USAA offers coverage only to military veterans and their family
Cheapest car insurance cost in Maryland by age
In Maryland, car insurance rates are higher for teenagers as they are more prone to accidents due to their lack of experience on the road.
Erie Insurance offers the cheapest car insurance for teen drivers in Maryland at $4,011 per year for a full coverage policy. If you are eligible, you can save even more with USAA at $3,729 per year.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Maryland, Geico offers the cheapest full coverage car insurance for adult drivers (25-55 year-olds) at $1,274 per year, and Nationwide offers the cheapest full coverage car insurance for senior drivers (60-75 year-olds) at $1,330 per year. You can save more with USAA if you are eligible.
Compare car insurance rates by age
Select your age group and age below to see the insurance company and its
average annual and average monthly premium rates.
| USAA | $5,339 | $445 |
| Geico | $5,344 | $445 |
| Nationwide | $5,986 | $499 |
| Travelers | $7,207 | $601 |
| State Farm | $7,859 | $655 |
| Progressive | $8,068 | $672 |
| Allstate | $13,601 | $1,133 |
*USAA offers car insurance only to military members and their families.
Cheapest car insurance companies in Maryland by driver profile
Drivers who have accidents or tickets are considered a higher risk and will pay more.
However, the severity and frequency of the incidents will also play a role in the insurance rates. For instance, drivers with a single minor accident may see a smaller increase in their rates compared to those with multiple major accidents.
Below are average Maryland rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Speeding ticket |
|---|---|---|---|
| USAA | $1,043 | $1,743 | $1,245 |
| Geico | $1,262 | $1,909 | $1,568 |
| Erie Insurance | $1,685 | $2,378 | $1,937 |
| Nationwide | $1,363 | $2,394 | $1,971 |
| Progressive | $1,895 | $2,788 | $2,246 |
| Travelers | $1,523 | $2,244 | $2,327 |
| State Farm | $2,177 | $2,634 | $2,335 |
| Kemper | $1,603 | $3,363 | $2,591 |
| Allstate | $3,108 | $5,035 | $4,197 |
*USAA offers car insurance only to military veterans and their families.
Compare auto insurance rates by city in Maryland
Auto insurance rates vary not just by state, but also by city. Cities have different levels of risk based on factors like accident rates, claimAn insurance claim is a request you make to your insurance company for coverage after your car is damaged or you have an accident. You can file a claim online, by phone, or in writing. costs, weather and more. That means where you live in Maryland will impact what you pay. Below, we've gathered Maryland car insurance rates by city for comparison.
| City | Annual insurance premium |
|---|---|
Aberdeen | $1,769 |
Baltimore | $2,345 |
Beltsville | $2,072 |
Car insurance premium trends in Maryland
Car insurance rates change regularly, influenced by changes in the cost of repairs, claim rates and other factors. Recent years have seen car insurance rates rise across the country, but not every state has seen the same increases.
We've tracked car insurance premium trends in Maryland to show you how things have changed and help you prepare for potential changes in the future. Take a look at the chart below.
Methodology
Insurance.com commissioned Quadrant Information Services in 2023 to field rates from major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving a 2023 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductibleThe deductible is the amount you pay out of pocket for a covered loss when you file a claim..
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
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