- Best car insurance companies in Maryland
- Cheapest car insurance companies in Maryland
- Average cost of car insurance in Maryland
- Minimum car insurance requirements in Maryland
- 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
- Methodology
- Compare auto insurance rates with other states
Best car insurance companies in Maryland
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 is the second-best car insurance company, with an overall rating of 3.94.
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 | Avg. Annual Premium | J.D. Power | NAIC | Insurance.com score |
|---|---|---|---|---|---|
| Geico | A++ | $1,262 | 818 | 0.91 | 3.99 |
| Erie Insurance | A+ | $1,685 | 863 | 0.61 | 3.94 |
| Travelers | A++ | $1,523 | 822 | 0.49 | 3.93 |
| Nationwide | A+ | $1,363 | 820 | 0.64 | 3.82 |
| State Farm | A++ | $2,177 | 843 | 0.7 | 3.62 |
| Progressive | A+ | $1,895 | 814 | 0.65 | 3.57 |
| Allstate | A+ | $3,108 | 825 | 0.65 | 3 |
| Kemper Insurance | A- | $1,603 | 736 | 2.16 | 2.26 |
Cheapest car insurance companies in Maryland
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.
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.
| 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.
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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 |
Minimum car insurance requirements in Maryland
The minimum car insurance required in Maryland is 30/60/15. The average cost of the state minimum liability insurance is $723 per year or $60 per month.
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.
| Age | Company | Avg annual premium |
|---|---|---|
| Teens (16-19) | USAA* | $3,729 |
| Teens (16-19) | Erie Insurance | $4,011 |
| Teens (16-19) | Geico | $4,685 |
| Teens (16-19) | Kemper Insurance | $4,909 |
| Teens (16-19) | Nationwide | $5,016 |
| Teens (16-19) | Travelers | $5,250 |
| Teens (16-19) | Progressive | $5,784 |
| Teens (16-19) | State Farm | $6,513 |
| Teens (16-19) | Penn National Insurance | $7,250 |
| Teens (16-19) | Allstate | $8,689 |
| Young Adults (20-24) | USAA* | $1,615 |
| Young Adults (20-24) | Travelers | $2,357 |
| Young Adults (20-24) | Geico | $2,461 |
| Young Adults (20-24) | Erie Insurance | $2,566 |
| Young Adults (20-24) | Nationwide | $2,583 |
| Young Adults (20-24) | Kemper Insurance | $3,058 |
| Young Adults (20-24) | Progressive | $3,180 |
| Young Adults (20-24) | State Farm | $3,740 |
| Young Adults (20-24) | Penn National Insurance | $3,769 |
| Young Adults (20-24) | Allstate | $4,761 |
| Adults (25-60) | USAA* | $1,039 |
| Adults (25-60) | Geico | $1,274 |
| Adults (25-60) | Nationwide | $1,373 |
| Adults (25-60) | Travelers | $1,552 |
| Adults (25-60) | Kemper Insurance | $1,607 |
| Adults (25-60) | Erie Insurance | $1,762 |
| Adults (25-60) | Penn National Insurance | $1,877 |
| Adults (25-60) | Progressive | $1,919 |
| Adults (25-60) | State Farm | $2,186 |
| Adults (25-60) | Allstate | $3,054 |
| Seniors (65-75) | USAA* | $1,019 |
| Seniors (65-75) | Nationwide | $1,330 |
| Seniors (65-75) | Geico | $1,418 |
| Seniors (65-75) | Travelers | $1,738 |
| Seniors (65-75) | Erie Insurance | $1,768 |
| Seniors (65-75) | Penn National Insurance | $1,827 |
| Seniors (65-75) | Kemper Insurance | $1,850 |
| Seniors (65-75) | Progressive | $1,956 |
| Seniors (65-75) | State Farm | $2,191 |
| Seniors (65-75) | Allstate | $3,232 |
*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* | $1,104 | $2,086 | $1,422 |
| Geico | $1,364 | $2,350 | $1,814 |
| Travelers | $1,508 | $2,371 | $2,327 |
| Nationwide | $1,874 | $3,735 | $2,829 |
| Erie Insurance | $1,999 | $2,697 | $2,212 |
| Progressive | $2,135 | $3,615 | $2,759 |
| Kemper Insurance | $2,192 | $4,570 | $3,474 |
| State Farm | $2,407 | $2,997 | $2,643 |
| Allstate | $3,595 | $6,159 | $5,005 |
*USAA offers car insurance only to military veterans and their families.
Compare auto insurance rates by city in Maryland
Auto insurance rates in your city can differ significantly from the state average due to factors such as population density, increased instances of auto theft or accidents, and a few other factors. It's best to compare quotes from various insurance providers to find the most competitive rates for your specific city in Maryland.
| City | Annual insurance premium |
|---|---|
Aberdeen | $1,769 |
Baltimore | $2,345 |
Beltsville | $2,072 |
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 deductible.
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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