- Best car insurance company in Maryland: Erie Insurance
- Cheapest car insurance company 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 company in Maryland: Erie Insurance
Erie Insurance is the best auto insurance company in Maryland for all drivers, based our analysis, with an overall rating of 4.37. GEICO, Travelers, and Nationwide are also among 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 |
|---|---|---|---|---|---|
| Erie Insurance | A+ | 713 | 0.89 | $1,685 | 4.37 |
| GEICO | A++ | 647 | 0.69 | $1,262 | 4.3 |
| Travelers | A++ | 628 | 0.52 | $1,523 | 4.14 |
| Nationwide | A | 642 | 0.63 | $1,363 | 4.09 |
| State Farm | A++ | 652 | 0.79 | $2,177 | 3.76 |
| Progressive | A+ | 624 | 0.71 | $1,895 | 3.66 |
| Allstate | A+ | 624 | 1.1 | $3,108 | 2.67 |
| USAA | A++ | 743 | 1.18 | $1,043 | 4.5 |
Cheapest car insurance company 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 $1,545. 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 |
|---|---|---|---|
| GEICO | $451 | $490 | $1,545 |
| Nationwide | $911 | $899 | $1,834 |
| Erie Insurance | $547 | $605 | $1,906 |
| Travelers | $700 | $773 | $1,957 |
| State Farm | $818 | $934 | $2,415 |
| Progressive | $1,036 | $1,167 | $2,588 |
| Penn National Insurance | $1,281 | $1,073 | $3,129 |
| Allstate | $1,554 | $1,657 | $4,019 |
| USAA | $375 | $436 | $1,311 |
*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 $2,273 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 $815.
Auto insurance calculator
Top 5 most & least expensive cities for auto insurance in Maryland
Most Expensive
| City | Highest annual rate | Highest monthly rate |
|---|---|---|
| White Hall | $999 | $83 |
| Chesapeake City | $998 | $83 |
| Barnesville | $998 | $83 |
| Port Deposit | $997 | $83 |
| Finksburg | $995 | $83 |
Least Expensive
| City | Lowest annual rate | Lowest monthly rate |
|---|---|---|
| Newburg | $1,001 | $83 |
| Perryville | $1,003 | $84 |
| Tracys Landing | $1,003 | $84 |
| Cabin John | $1,005 | $84 |
| Beallsville | $1,006 | $84 |
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 $815 per year or $68 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 $490 annually or $41 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 |
|---|---|---|
| GEICO | $490 | $41 |
| Erie Insurance | $605 | $50 |
| Travelers | $773 | $64 |
| Nationwide | $899 | $75 |
| State Farm | $934 | $78 |
| Penn National Insurance | $1,073 | $89 |
| Progressive | $1,167 | $97 |
| Allstate | $1,657 | $138 |
| USAA | $436 | $36 |
*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 a 16-year-old driver in Maryland at $5,404 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 car insurance for a 25-year-old driver and a 65-year-old driver at $2,006 per year and $1,675 per year, respectively. USAA offers cheaper rates but is available only to military veterans and their families.
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.
| Erie Insurance | $5,404 | $450 |
| USAA | $5,467 | $456 |
| GEICO | $6,624 | $552 |
| Nationwide | $7,692 | $641 |
| State Farm | $8,630 | $719 |
| Travelers | $9,574 | $798 |
| Progressive | $10,640 | $887 |
| Penn National Insurance | $13,739 | $1,145 |
| Allstate | $19,389 | $1,616 |
*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 |
|---|---|---|---|
| GEICO | $1,545 | $2,337 | $1,920 |
| Erie Insurance | $1,906 | $2,691 | $2,192 |
| State Farm | $2,415 | $2,922 | $2,590 |
| Nationwide | $1,834 | $3,222 | $2,653 |
| Travelers | $1,957 | $2,884 | $2,990 |
| Progressive | $2,588 | $3,807 | $3,068 |
| Allstate | $4,019 | $6,512 | $5,427 |
| USAA | $1,311 | $2,191 | $1,566 |
*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 | $1,750 |
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
We partnered with Quadrant Information Services to field average auto insurance rates in all 50 states and Washington, D.C. National and state average rates are based on three coverage levels: state minimum, 50/100/50 liability-only, and full coverage with 100/300/100 liability and $500 deductibles.
Unless otherwise indicated, averages are based on our full coverage data set. This data set is based on:
- Bodily injury liability of $100,000 per person and $300,000 per incident
- Property damage liability of $100,000 per incident
- Comprehensive and collision deductibles of $500
- 40-year-old driver
- Honda Accord LX
- Good credit
- A clean driving record
- 12-mile commute, 10,000 annual mileage
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
- Poor credit
- DUI/DWI first offense
Tickets:
- Reckless driving
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Speeding 30+ over limit
Learn more about our data and methodology.
Compare Maryland car insurance rates with other states
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