Cheapest car insurance companies in Baltimore
Geico and Travelers offer the cheapest car insurance rates in Baltimore for 2023, according to a study by Insurance.com.
Geico is the cheapest option for most Baltimore drivers, with an average annual rate of $1,730 .
The cost of car insurance in Baltimore varies depending on your ZIP code, driving history, coverage level, and carrier. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Baltimore.
| Companies | Average annual rates |
|---|---|
| USAA | $1,477 |
| Geico | $1,730 |
| Travelers | $2,063 |
| Nationwide | $2,283 |
| Kemper Insurance | $2,287 |
| Erie Insurance | $2,536 |
| Progressive | $2,562 |
| Penn National Insurance | $2,900 |
| State Farm | $3,340 |
| Allstate | $3,954 |
Cheapest car insurance cost in Baltimore by Age Group
The cheapest auto insurance company in Baltimore for teen drivers is USAA. For full coverage, its average annual rate for Baltimore drivers is $5,353. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
For young drivers in Baltimore, USAA has the cheapest auto insurance rates, with an average annual cost of $2,293 annually.
Drivers in Baltimore stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. USAA has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $1,472 a year.
Baltimore senior drivers seeking affordable car insurance should look no further than USAA. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,452. It makes USAA a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $5,353 | $2,293 | $1,472 | $1,452 |
| Kemper Insurance | $5,712 | $4,380 | $2,294 | $2,684 |
| Erie Insurance | $5,837 | $3,786 | $2,645 | $2,655 |
| Geico | $6,323 | $3,335 | $1,748 | $1,948 |
| Travelers | $7,653 | $3,267 | $2,105 | $2,446 |
| Progressive | $8,105 | $4,443 | $2,585 | $2,679 |
| Allstate | $8,449 | $6,184 | $4,116 | $4,241 |
| Nationwide | $9,092 | $4,532 | $2,305 | $2,255 |
| Penn National Insurance | $9,508 | $4,908 | $2,851 | $2,767 |
| State Farm | $9,565 | $5,453 | $3,299 | $3,287 |
Cheapest car insurance companies in Baltimore by driver profile
Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Baltimore. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.
It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Baltimore that suits your budget.
Below are some of the cheapest car insurance companies in Baltimore by driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: USAA
- Cheapest for DUI: Geico
Cheapest for a driver with poor credit: Geico
If you're a Baltimore driver with poor credit, Geico is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,810 annually.
Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Baltimore.
| Company | Average annual rates |
|---|---|
| Geico | $1,810 |
| USAA | $2,296 |
| Travelers | $3,156 |
| Nationwide | $3,249 |
| Progressive | $3,461 |
| Allstate | $5,341 |
| State Farm | $5,854 |
Cheapest for drivers with a speeding ticket: USAA
Based on recent data analysis, 30-year-old drivers in Baltimore with speeding tickets on their driving record can get the cheapest car insurance rates from USAA at an annual cost of $1,553.
Finding the cheapest car insurance isn't a one-size-fits-all scenario. What may be the most cost-effective option for you might not be the same for someone else. That's why you should compare car insurance quotes from multiple carriers.
| Company | Average annual premium |
|---|---|
| USAA | $1,553 |
| Geico | $1,964 |
| Travelers | $2,560 |
| State Farm | $2,976 |
| Progressive | $2,999 |
| Nationwide | $3,228 |
| Allstate | $5,005 |
Cheapest auto insurance after an at-fault accident: USAA
Finding affordable car insurance rates after an at-fault accident isn't easy, but if you compare quotes, you might find a policy that fits your budget.
In a recent data analysis, Insurance.com found that USAA offers the cheapest car insurance rates for Baltimore drivers with at-fault accidents. It provides coverage at an average annual cost of $2,284.
| Company | Average annual rates |
|---|---|
| USAA | $2,284 |
| Geico | $2,543 |
| Travelers | $2,606 |
| State Farm | $3,378 |
| Progressive | $3,951 |
| Nationwide | $4,272 |
| Allstate | $6,159 |
Cheapest auto insurance after a DUI: Geico
Buying car insurance doesn't have to break the bank. Geico offers the cheapest full coverage policy in Baltimore for drivers with a DUI, with an average annual premium of $2,018.
Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.
| Company | Average annual rates |
|---|---|
| Geico | $2,018 |
| State Farm | $2,976 |
| Travelers | $3,227 |
| USAA | $3,610 |
| Progressive | $3,793 |
| Allstate | $4,677 |
| Nationwide | $4,909 |
Average car insurance cost in Baltimore
In Baltimore, the average annual cost for full coverage car insurance is around $2,345, which breaks down to approximately $195 per month. These rates are based on coverage levels of 100/300/100. On the other hand, the average yearly rate for state minimum coverage in Baltimore is about $1,045.
While full coverage car insurance is more expensive than the state minimum, it provides valuable protection for your own vehicle in addition to coverage for other drivers in the event of an accident. To save money, consider comparing quotes from multiple insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $2,345 | $1,045 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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