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Best car insurance in Maryland for 2023

Updated Feb 02, 2023
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Best car insurance companies in Maryland

Based on our extensive research and systematic Bankrate Score analysis, Bankrate’s insurance editorial team has determined that Geico, USAA and State Farm are among the best car insurance companies in Maryland. To begin our analysis, we first obtained current premium information from the largest insurance providers based on market share in Maryland from Quadrant Information Services and compared those rates with the state average. The average cost of car insurance in MD is $1,971 per year for full coverage and $815 per year for minimum coverage. Third-party ratings were also considered, such as customer satisfaction scores from the 2022 J.D. Power Auto Insurance Study.

If you are looking for the best auto insurance in Maryland, you might want to get quotes from these five major carriers:

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
834
/1,000
Average monthly full coverage premium
$144
Average annual full coverage premium
$1,727
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
881
/1,000
Average monthly full coverage premium
$129
Average annual full coverage premium
$1,544
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
851
/1,000
Average monthly full coverage premium
$171
Average annual full coverage premium
$2,056
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
827
/1,000
Average monthly full coverage premium
$147
Average annual full coverage premium
$1,766
Erie
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
867
/1,000
Average monthly full coverage premium
$142
Average annual full coverage premium
$1,701
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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.

USAA not officially ranked by J.D. Power due to eligibility restrictions

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
834
/1,000
Average monthly minimum coverage premium
$50
Average annual minimum coverage premium
$603
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
881
/1,000
Average monthly minimum coverage premium
$45
Average annual minimum coverage premium
$545
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
851
/1,000
Average monthly minimum coverage premium
$70
Average annual minimum coverage premium
$845
Progressive
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
827
/1,000
Average monthly minimum coverage premium
$76
Average annual minimum coverage premium
$916
Erie
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
J.D. Power score (Mid-Atlantic region)
867
/1,000
Average monthly minimum coverage premium
$59
Average annual minimum coverage premium
$703
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.

USAA not officially ranked by J.D. Power due to eligibility restrictions

Best for digital insurance tools

Rating: 4.4 stars out of 5
4.4 Bankrate Score
JD Power: 834 AM Best: A++

Average annual premium

$ 1,727 for full coverage
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Why Geico made our list: Geico has highly-rated digital tools available for those who prefer to handle their coverage online or via a mobile app, along with lower-than-average rates and plenty of potential discounts. However, Geico’s policies do not come with many options for personalization. The company offers fewer endorsements than many of its competitors. Geico earns an average customer satisfaction score from J.D. Power and carries an A++ (Superior) financial strength rating from AM Best, the highest level possible.

Who Geico may be good for: If you like to handle your insurance needs digitally rather than by phone or in an office, Geico could be a good option. Although it doesn’t have the lowest premium on our list, it could be a good choice for drivers on a budget, too.

Read full Geico Insurance review

Best for military-tailored coverage

Rating: 4.3 stars out of 5
4.3 Bankrate Score
JD Power: 881 AM Best: A++

Average annual premium

$ 1,544 for full coverage
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Why USAA made our list: USAA stands out for its excellent customer satisfaction score — although it doesn’t qualify for official J.D. Power ranking due to its eligibility requirements — and A++ (Superior) AM Best financial strength rating. Customers can upgrade their policies with coverage for roadside assistance, rental reimbursement and accident forgiveness. 

Who USAA may be good for: USAA offers insurance coverage only to active-duty military members, veterans and their eligible immediate family members. If you qualify for coverage, USAA may be appealing due to its low average full coverage premium and excellent service.

Read full USAA review

Best for local agencies

Rating: 4.2 stars out of 5
4.2 Bankrate Score
JD Power: 851 AM Best: A++

Average annual premium

$ 2,056 for full coverage
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Answer a few questions to see personalized rates from top carriers.

Why State Farm made our list: State Farm is the largest auto insurance company in the U.S. by market share. The company received an above-industry-average score for customer satisfaction from J.D. Power. However, the National Association of Insurance Commissioners (NAIC) recorded an above-average number of complaints regarding State Farm’s overall service from policyholders. The company carries an A++ (Superior) financial strength rating from AM Best.

Who State Farm may be good for: State Farm could be appealing if you prefer handling your coverage in-person, as it has a network of local exclusive agents across Maryland.

Read full State Farm Insurance review

Best for building coverage around a budget

Rating: 4.2 stars out of 5
4.2 Bankrate Score
JD Power: 827 AM Best: A+

Average annual premium

$ 1,766 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Progressive made our list: Progressive stands out for making the insurance shopping process easy. The company also offers numerous potential discounts that might help you save. Progressive carries an A+ (Superior) financial strength rating from AM Best. However, Progressive’s ranking for claims service from J.D. Power was well below the industry average.

Who Progressive may be good for: Customers wanting to shop using their allotted budget amount may find Progressive’s Name Your Price tool useful. The tool allows you to shop based on how much you want to spend and shows you coverage options to fit your budget.

Read full Progressive Insurance review

Best for add-on coverage

Rating: 3.8 stars out of 5
3.8 Bankrate Score
JD Power: 867 AM Best: A+

Average annual premium

$ 1,701 for full coverage
Get a quote

Answer a few questions to see personalized rates from top carriers.

Why Erie made our list: Erie’s unique Rate Lock feature helps avoid premium increases unless you make certain changes to your policy, like adding a vehicle or driver. Additionally, its accident forgiveness endorsement may ensure that your first accident won’t result in a surcharge to your premium. However, its online portal and mobile app experience are not as robust as its competitors, which may make it difficult for customers who want a digital insurance experience.

Who Erie may be good for: If you’re looking for robust coverage, Erie might be a good choice. Erie could also be the right fit for Maryland drivers who are concerned about car insurance expenses, due to the company’s unique Rate Lock feature.

Read full Erie Insurance review

How Bankrate chose the best car insurance companies in Maryland

The best Maryland car insurance for your needs may be tricky to assess if you’re not sure where to start. Bankrate made its selections after analyzing dozens of large and regional car insurance companies. We assessed carriers based on average premium data sourced from Quadrant Information Services as well as coverage availability and mobile app accessibility.

We also considered third-party ratings from agencies like AM Best for financial strength and J.D. Power for customer satisfaction. All of this was consolidated into our Bankrate Score for a maximum score of 5 out of 5 points. Using the Bankrate Score may be useful to get a quick impression of a company, and to compare a carrier with other auto insurance companies in Maryland.

How much is car insurance in Maryland?

When it comes to full coverage car insurance, Maryland drivers typically pay roughly the same amount as the national average. On average, Maryland drivers pay $1,971 annually for full coverage, which is just 2 percent less than the U.S. average of $2,014. Minimum coverage tends to be significantly more expensive in Maryland, though, with an average annual premium of $815, which is 31 percent more than the national average annual premium of $622.

Average premiums in Maryland may be higher for a number of reasons. Maryland’s state minimum coverage includes uninsured motorists coverage, which isn’t included in many other states. The state has a five-year average of over 110,000 crashes per year, which could be considered high, especially when the state’s small geographic footprint is compared to much larger states.

Average annual premium for full coverage in Maryland Average annual premium for minimum coverage in Maryland
$1,971 $815

How to find the best car insurance in Maryland

Everyone may have different car insurance needs and preferences, so finding the best car insurance might not look the same for everyone. During your search for the best auto insurance in Maryland, the following considerations could be useful.

Consider minimum insurance requirements in Maryland

In Maryland, motorists are required to carry at least minimum levels of some car insurance coverages to drive legally. Bodily injury liability, property damage liability, uninsured motorist bodily injury, uninsured motorist property damage and personal injury protection (PIP) are all required coverage types. While you do not need to memorize Maryland’s car insurance laws — you will not be able to buy a policy with limits lower than the state minimum — understanding the state’s financial responsibility law could help you decide if you need higher limits. Most insurance experts agree that minimum limits do not provide sufficient coverage and encourage drivers to purchase higher amounts for greater financial protection.

Consider lender requirements

If you have a loan or lease on your vehicle, you likely have additional car insurance requirements to think about. Minimum coverage does not provide any coverage for damage to your own vehicle, which lenders typically require to protect their financial stake in your auto. You would need to purchase full coverage, which includes comprehensive and collision coverage. Typically, lenders and leasing companies require full coverage and may also stipulate how high your deductibles can be. You may also want to consider purchasing gap insurance, which is designed to pay the difference between your new vehicle’s actual market value and your loan amount if your vehicle is totaled.

Consider your individual needs

Understanding what you are looking for in your auto insurance could help you narrow down your options. Budget may be your primary concern, or maybe you want a company with strong digital assets and a user-friendly mobile app. You might also have a teen driver and be looking for companies that offer numerous teen discounts. If you have accidents, tickets or DUI convictions on your record, you may need to find a company that will insure high-risk drivers. Taking the time to understand your unique situation, wants and needs could help you determine what companies best fit your circumstances.

Frequently asked questions

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute