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.

Best car insurance in Maryland
CompanyAM BestAvg. Annual PremiumJ.D. PowerNAICInsurance.com score
GeicoA++$1,2628180.913.99
Erie InsuranceA+$1,6858630.613.94
TravelersA++$1,5238220.493.93
NationwideA+$1,3638200.643.82
State FarmA++$2,1778430.73.62
ProgressiveA+$1,8958140.653.57
AllstateA+$3,1088250.653
Kemper InsuranceA-$1,6037362.162.26

Data refreshed as of May 2024
Read our full methodology

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.

Cheapest car insurance in Maryland
CompanyState minimum liability50/100/50 liability100/300/100 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.

Data refreshed as of May 2024
Read our full methodology

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

Average auto insurance rates in Maryland
30
16 17 18 19 20 21 22 23 24 25 30 35 40 45 50 55 60 65 70 75
Male
Male Female
21216 - Baltimore
For a 30-year-old male
$100 State minimum
$250 Full coverage
$119 Liability only

Most & least expensive ZIP codes for auto insurance in Maryland

Most Expensive

Zip CodeCityHighest Rate
21216Baltimore$250
21215Baltimore$244
21223Baltimore$243
21217Baltimore$240

Least Expensive

Zip CodeCityLowest Rate
217952 Williamsport$127
21601Easton$127
21532Frostburg$127
21767Maugansville$127
Data refreshed as of May 2024
Read our full methodology

Maryland car insurance requirements

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. 

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. 

State minimum auto insurance coverage in MD
Company Liability insurance premiumMonthly 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

Data refreshed as of May 2024
Read our full methodology

Cheapest car insurance cost in Maryland by age

company_name
Cheapest for teens
$4,011/yr
Learn more
company_name
Cheapest for adults
$1,274/yr
Learn more
company_name
Cheapest for seniors
$1,330/yr
Learn more

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.

Age group
Teen
Age
16
Table
Graph
Erie Insurance$4,755$396
USAA$5,339$445
Geico$5,344$445
Kemper Insurance$5,621$468
Nationwide$5,986$499
Travelers$7,207$601
State Farm$7,859$655
Progressive$8,068$672
Penn National Insurance$8,187$682
Allstate$13,601$1,133
Yearly premium

*USAA offers car insurance only to military members and their families.

Data refreshed as of May 2024
Read our full methodology

Cheapest car insurance companies in Maryland by driver profile

company_name
Cheapest for at-fault accident
$1,909/yr
Learn more
company_name
Cheapest for DUI
$1,547/yr
Learn more
company_name
Cheapest for speeding ticket
$1,568/yr
Learn more

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. 

Cheapest auto insurance in Maryland for drivers with tickets and accidents
CompanyClean recordAccidentSpeeding Ticket
USAA$1,043$1,743$1,245
Geico$1,262$1,909$1,568
Travelers$1,523$2,244$2,327
Erie Insurance$1,685$2,378$1,937
Nationwide$1,363$2,394$1,971
State Farm$2,177$2,634$2,335
Progressive$1,895$2,788$2,246
Kemper$1,603$3,363$2,591
Allstate$3,108$5,035$4,197

Data refreshed as of May 2024
Read our full methodology

*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.

CityAnnual insurance premium
Aberdeen
$1,769
Baltimore
$2,345
Beltsville
$2,072
Data refreshed as of May 2024
Read our full 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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