Skip to Main Content
Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Cheapest car insurance in Maryland for 2023

According to Bankrate’s analysis, the cheapest car insurance companies in Maryland include Nationwide, USAA and Penn National.

Updated May 04, 2023
Find cheaper car insurance
A better rate is around the corner. See how much you could save in 3 minutes or less.
Location-Icon
Lock Secure Your information is secure
Select from a variety of trusted carriers
+ MORE
User
Get matched with personalized offers
Tell us a little about yourself so we can share accurate and personalized offers. We only ask for info we know will impact your rate.
Insurance Auto
Choose the best policy for you
Compare your options from carriers who want to work with you, and select as many offers as you’d like.
Congrats
Finalize your rate and policy details
Once you pick the carrier you want, finish the process by phone with an trusted agent or entirely online. That’s it!
Bankrate logo The Bankrate promise

At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation of . Our content is backed by Coverage.com LLC, a licensed entity (NPN: 19966249). For more information, please see our 

The cheapest car insurance companies in Maryland

When looking for cheap car insurance, Maryland drivers may want to consider which carrier works best for their specific driving profile. Rates can vary widely depending on whether you have an infraction on your driving record or are a young and inexperienced driver. The information outlined in the table below may be a good starting point when searching for the cheapest car insurance in Maryland.

Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers.
Caret DownCaret Up
Please select age
Location-Icon
Lock Secure Your information is secure
SAVE WITH TRUSTED PROVIDERS
+ MORE
Powered by Coverage.com (NPN: 19966249)
Insurance Disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Cheapest company for minimum coverage

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Nationwide $84 $1,003

Cheapest company for full coverage

Company Average monthly full coverage rates Average annual full coverage premium
Nationwide $131 $1,574

Cheapest company for adding a teen driver

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Allstate $81 $975

Cheapest company for getting a speeding ticket

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Auto-Owners $23 $280

Cheapest company for being in an at-fault accident

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Hastings Mutual $22 $259

Cheapest company after a high-risk incident

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Progressive $32 $378

The cheapest car insurance companies in Maryland by coverage level

When looking for cheap car insurance, Maryland drivers can get lower rates with minimum coverage vs. full coverage. But while minimum coverage car insurance is cheaper on average, many drivers may find that minimum coverage does not offer the protection they need, as it only covers the damages for the other party if you cause an accident. With full coverage car insurance, you get the benefit of physical damage coverage for your vehicle through comprehensive and collision insurance. Below are the average savings for some carriers offering cheap Maryland auto insurance compared to the state average.

Nationwide
Rating: 3.9 stars out of 5
3.9
Bankrate Score
Info
Average monthly minimum coverage premium
$84
Average annual minimum coverage premium
$1,003
Annual savings vs. State average*
+ $188
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly minimum coverage premium
$45
Average annual minimum coverage premium
$545
Annual savings vs. State average*
- $270
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$50
Average annual minimum coverage premium
$603
Annual savings vs. State average*
- $212
Erie
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
Average monthly minimum coverage premium
$59
Average annual minimum coverage premium
$703
Annual savings vs. State average*
- $112
Penn National
Average monthly minimum coverage premium
$87
Average annual minimum coverage premium
$1,039
Annual savings vs. State average*
+ $224
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with minimum coverage for 2023

Nationwide
Rating: 3.9 stars out of 5
3.9
Bankrate Score
Info
Average monthly full coverage premium
$131
Average annual full coverage premium
$1,574
Annual savings vs. State average*
- $397
Penn National
Average monthly full coverage premium
$140
Average annual full coverage premium
$1,674
Annual savings vs. State average*
- $297
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly full coverage premium
$129
Average annual full coverage premium
$1,544
Annual savings vs. State average*
- $427
Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly full coverage premium
$144
Average annual full coverage premium
$1,727
Annual savings vs. State average*
- $244
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly full coverage premium
$147
Average annual full coverage premium
$1,766
Annual savings vs. State average*
- $205
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Based on policies with full coverage for 2023

Cheapest cities in Maryland for car insurance

The Maryland city you live in can affect how much you pay for minimum or full coverage car insurance. Each ZIP code has its own average repair costs, crime statistics, weather events and population that can impact whether you can get affordable car insurance for Maryland drivers. The tables below show how rates compare in different cities across the state.

City City average annual minimum coverage premium Cheapest car insurance company Company average annual minimum coverage premium
Charlotte Hall $696 Allstate $419
Issue $712 Allstate $419
Cobb Island $713 Allstate $419
Newburg $713 Allstate $419
Rock Point $714 Allstate $419
Bel Alton $715 Allstate $499
Darlington $719 Allstate $450
Tracys Landing $721 Allstate $421
Benedict $721 Allstate $419
City City average annual full coverage premium Cheapest car insurance company Company average annual full coverage premium
Crofton $1,781 Nationwide $1,371
Fort George G Meade $1,796 USAA $1,285
Glenelg $1,800 Nationwide $1,369
Odenton $1,800 Nationwide $1,371
Forest Hill $1,801 Kemper $1,348
Garrett Park $1,801 Kemper $1,311
Dayton $1,803 USAA $1,371
Brinklow $1,804 Kemper $1,423
Olney $1,805 Kemper $1,423

Factors that impact cheap rates in Maryland

There are many factors that can impact cheap car insurance in Maryland. Your age and driving profile are factors that can cause auto rates to vary widely. Below, we compared average rates for different driving infractions and teen drivers to offer examples of how different factors can impact the cost of your car insurance.

Insuring a teen driver

Adding a teen driver can cause car insurance rates to skyrocket. Teen drivers are statistically more likely to be involved in accidents and other incidents, and in turn, most insurance companies will charge more for young drivers who have less experience behind the wheel. It may be worth considering these carriers if you’re looking to get cheap insurance in Maryland with a young driver.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Allstate $975 $4,183
USAA $1,082 $2,849
Encompass $1,034 $2,610
Geico $1,370 $3,934
Erie $1,461 $3,618

Getting a speeding ticket

When a driver gets convicted of a speeding ticket, it can be harder to get the best cheap auto insurance Maryland offers, as most insurers charge higher average rates for drivers with speeding ticket convictions on their records. After careful analysis, these are the five of the cheapest car insurance companies in Maryland if you have a speeding ticket.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Auto-Owners $280 $1,051
Geico $285 $871
State Farm $285 $1,103
National Mutual Insurance $296 $1,102
Erie $297 $1,166

Getting into an at-fault accident

Causing an accident will typically affect affordable car insurance for Maryland drivers – even if you have minimum coverage and do not use your collision insurance to cover your car’s damage. Maintaining a clean driving record can generally help you save on car insurance in Maryland. But if you do have an at-fault accident on your record, these five companies offer some of the cheapest car insurance for drivers with accidents on their records.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Hastings Mutual $259 $656
Central Mutual Insurance $306 $952
State Farm $321 $1,219
Geico $322 $1,015
Erie $325 $1,256

Being deemed a high-risk driver

If you’re considered a high-risk driver, the amount your car insurance goes up generally depends on the incident. A DUI is the most severe high-risk infraction you could have in Maryland, aside from getting your license revoked or suspended. These carriers may offer the best low-cost car insurance in Maryland if you are a high-risk driver, but it’s important to note that there is no guarantee that these companies will offer car insurance to drivers with DUIs on their records.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Progressive $378 $1,385
State Farm $379 $1,405
USAA $390 $1,491
Geico $411 $1,210
Frankenmuth $452 $2,240

Minimum coverage requirements for Maryland drivers

Maryland law requires that all drivers carry at least a minimum amount of coverage for bodily injury liability and property damage liability. This requirement is to ensure that there is at least some coverage for the costs that others incur when you damage another party’s vehicle or injure them in accidents where you are at fault. Here are the minimum auto insurance requirements in Maryland:

  • Bodily injury liability: $30,000 per person
  • Bodily injury liability: $60,000 per accident (for two or more people)
  • Property damage liability: $15,000 per accident

For most drivers, minimum coverage is not enough. Most insurance experts recommend buying enough liability coverage to at least match your assets. Having full coverage is another way to protect yourself financially, since you have physical damage coverage for your own vehicle. Even when you opt for full coverage, you can still get cheap Maryland car insurance.

How to get the cheapest car insurance in Maryland

Getting the cheapest car insurance in Maryland is a goal for many drivers. If you are looking for how to save on car insurance in Maryland, consider these tips.

Compare quotes

Car insurance rates can vary by insurance company, even with the same driving profile and coverage options. Getting at least three quotes for the same coverage limits from different companies and comparing them can help you find the cheapest car insurance in Maryland for your individual needs and driving profile.

Maintain a clean driving record

Not only can you typically get the cheapest car insurance in Maryland with a clean driving record, but it may come with other advantages too. For example, you may get access to safe driving discounts and become eligible for accident forgiveness, depending on your car insurance company. With accident forgiveness, your rates typically won’t increase if you cause an at-fault accident, which can be another way to protect your cheap Maryland car insurance rates.

Review your coverage 

Some people like to set their insurance coverage and forget it, but reviewing your coverage at each renewal may help ensure you are only paying for the coverage you need. If you experience a life event, like getting married, divorced or adding a person to your household, discuss it with your agent and check your policy, making coverage changes if necessary.

Car insurance discounts in Maryland

Applying discounts is another way you may be able to get Maryland car insurance savings. Stacking discounts can help you maximize savings, so be sure to ask which discounts are available so you can apply as many as you are eligible for.

  • Young driver discounts: Although insuring young drivers can be expensive, there are ways to save. Drivers with a B or above GPA can get a good student discount. Taking advantage of telematics programs to demonstrate safe driving habits is another way for teens to save on Maryland car insurance.
  • Safe driver discounts: A safe driving discount is available for drivers with a clean driving record. The longer you go without a ticket or at-fault accident, the more you could save.
  • Bundling discounts: Bundling your home and auto typically offers a large discount on car insurance. Some carriers offer discounts for bundling other policies with auto insurance, like life or pet insurance.
  • Affiliation discounts: Another way to save on car insurance in Maryland is through affiliation discounts. This could mean being a member of a professional organization, a credit union or even working in a certain industry or for a specific employer.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually. 

These are sample rates and should only be used for comparative purposes.

Bankrate Scores 

Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 

Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

  • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. PowerAM Best and the NAIC, were analyzed.
  • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
  • Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.
Savings

Compare rates and save on auto insurance today!

ZIP code
Close X
Written by
Mandy Sleight
Insurance Contributor

Mandy Sleight has been a licensed insurance agent since 2005. She has three years of experience writing for insurance websites such as Bankrate, MoneyGeek and The Simple Dollar. Mandy writes about auto, homeowners, renters, life insurance, disability and supplemental insurance products.

Edited by Insurance Editor