According to the Department of Transportation, there were 4,407,973 licensed drivers in the state of Maryland in 2018, the most recent year with available data. If you own and drive a vehicle in Maryland, it is important to have an auto insurance policy to protect your finances and to comply with state laws.
When shopping for the best car insurance in Maryland there are a variety of factors that will influence your rate such as your age, marital status, employment, make and model of your vehicle and your driving history.
Best car insurance companies in Maryland
Bankrate’s insurance editorial team obtained current premium information from the major insurance providers in Maryland from Quadrant Information Services. We combined average premiums, third-party customer satisfaction and financial strength rankings, available coverages and discounts offered to assign each company a Bankrate Score. The scores are on a 0.0 to 5.0 scale. The higher the Bankrate Score, the higher a company scored in each rating category.
If you are looking for the best auto insurance company in Maryland, you might want to get quotes from the following car insurance companies:
|Provider||Bankrate Score||Average annual full coverage premium||J.D. Power customer satisfaction score|
|Geico||4.6||$1,627||871 / 1,000|
|Progressive||4.1||$1,696||856 / 1,000|
|State Farm||4.4||$2,007||881 / 1,000|
|USAA*||4.7||$1,574||890 / 1,000|
*USAA is not eligible for official ranking with J.D. Power due to eligibility restrictions
Geico is well known for its low average premiums and long list of discounts that might help you save even more. Geico’s basic coverage options include bodily injury, collision, comprehensive, property damage and uninsured and underinsured driver coverage.
Customers can purchase additional coverage for emergency road service, rental reimbursement and mechanical breakdown insurance. With Geico’s coverage calculator, you can estimate your monthly payments and may be able to find ways to save. Geico offers a variety of discounts, including savings for vehicle safety features, insuring more than one car, insuring a good student or being a federal employee.
Progressive stands out for making the insurance shopping process easy. Not only can you compare the prices for several companies from Progressive’s website, but you can also use the Name Your Price tool to see a range of coverage options within your budget.
Progressive also offers numerous optional coverages, including loan/lease payoff coverage, custom parts and equipment coverage and ridesharing coverage. You may be able to save on your premium with discounts like continuous insurance, teen driver, homeowner and online quote.
State Farm offers numerous coverages, which include liability, collision, comprehensive, rental car reimbursement, uninsured and underinsured motorist, ridesharing and emergency road service. If your car is stolen or totaled, State Farm’s Payoff Protector may help to pay off your car loan if you owe more than your car is worth.
State Farm offers discounts for good driving, driving a car with safety features, bundling multiple policies and more. State Farm is the largest personal auto insurance carrier in the U.S., with just over 16% of the market share. If you are looking for a well-established company with a network of live agents, State Farm may be a good choice.
USAA offers insurance coverage only to members of the military, veterans and their immediate family members. If you qualify for coverage, USAA may be appealing due to its low average full coverage premium. Customers can upgrade their policies with coverage for roadside assistance, rental reimbursement and accident forgiveness.
On top of getting low average premiums, USAA members may be eligible for discounts such as being a safe driver, insuring a new vehicle, bundling policies, staying with the company for an extended period of time and more. USAA is not eligible for official ranking with J.D. Power due to its eligibility restrictions, but the company does consistently receive high customer satisfaction scores.
Average cost of car insurance in Maryland
The average cost of Maryland car insurance is higher than the national average. On average, Maryland drivers pay $1,877 annually for full coverage, whereas drivers in the nation as a whole pay $1,674. Similarly, minimum coverage tends to be more expensive in Maryland, with an average annual premium of $767. The national average annual premium for minimum coverage is $565.
|Average annual premium for minimum coverage in Maryland||Average annual premium for full coverage in Maryland|
Average premiums in Maryland may be higher for a number of reasons. Maryland’s state minimum coverage is slightly higher than many states. The state also saw nearly 116,000 car accidents in 2019, which could be considered high, especially when the state’s small geographic footprint is factored in.
State minimum insurance requirements in Maryland
Most states have car insurance requirements. Maryland has several requirements regarding minimum insurance. Liability insurance is designed to cover medical expenses and damage costs that you cause to another person in an at-fault accident. Uninsured motorist coverage provides coverage for your medical bills and property damage expenses if you are hit by an uninsured driver.
The minimum coverage limits in Maryland are:
- Bodily injury liability coverage: $30,000 per person, $60,000 per accident
- Property damage liability coverage: $15,000
- Uninsured motorist bodily injury coverage: $30,000 per person, $60,000 per accident
- Uninsured motorist property damage coverage: $15,000
- Personal injury protection (PIP): $2,500
Obtaining minimum coverage may seem attractive, especially when you are on a strict budget. However, minimum coverage may leave you underinsured in the event that you cause an accident. If you cause injuries or damages that exceed your coverage limit, you will be responsible for the overage out of pocket. Minimum coverage also does not provide any coverage for damage to your own vehicle. You would need to purchase full coverage, which includes comprehensive and collision coverage, for that.
How to get the best car insurance
Shopping for car insurance does not need to be stressful. Everyone has a different situation, so everyone’s coverage needs will be different. Before you start your insurance search, you may want to:
- Evaluate your needs: Understanding what you are looking for in your car insurance could help you narrow down your options. Budget may be your primary concern, or maybe you want a company with strong digital assets. You might also have a teen driver and be looking for companies that offer numerous teen discounts. Taking the time to know what your needs are can be helpful.
- Consider state factors: While you have to purchase at least state minimum limits to satisfy Maryland’s legal requirements, there are other location-specific factors you may want to consider. Roughly 14% of Maryland drivers are estimated to be uninsured, so purchasing adequate levels of uninsured motorist coverage may be helpful. If you live in an area where vehicle theft is common, you might want to buy comprehensive coverage.
Talking to an agent or a representative from your insurance company may help you to determine what coverages and limits you should consider purchasing.
Car insurance discounts in Maryland
With average minimum and full coverage premiums that are higher than the national average, Maryland drivers may want to save on their car insurance. One of the best ways to do that is by taking advantage of discounts. Although each company offers different discounts, some common ones include:
- Multi-policy discount: Whether you own your home or rent, if you buy your property policy from the same company as your car insurance, you may get a discount on both policies.
- Student discounts: If you insure a student, you may be able to save by applying one of several discounts. If your student gets good grades, you might save with a good student discount. Some companies also have discounts for students who go to school without a vehicle and for students who took a driver education course.
- Billing discounts: You might save on your insurance if you sign up for automatic payments, pay in full or go paperless.
- Safety features: If your car has safety features like side curtain airbags, blind spot warning and anti-lock brakes, you may qualify for a discount.
You can often research a company’s discounts online, but talking to an agent or customer service representative may be the best way to identify savings opportunities.
Frequently asked questions
What information is needed in order to get car insurance in Maryland?
Getting a car insurance quote is a relatively simple process, but there is some information you may want to have available. You will need the name, dates of birth and drivers license numbers for all the drivers who need to be listed on the policy, as well as the year, make, model and vehicle identification number (VIN) for each vehicle. You may also be asked to provide Social Security numbers.
What is included with full coverage insurance in Maryland?
Full coverage means that you are purchasing coverage for damage to your own vehicle. This includes comprehensive and collision coverages. Collision coverage pays for damages to your car caused by you colliding with another vehicle, a stationary object, a building, a pedestrian, etc. Comprehensive coverage is often called “other than collision” and pays for damages caused by you hitting an animal, storms, theft, vandalism and glass breakage. Neither coverage provides financial protection for intentional damage or maintenance.
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our base profile drivers own a 2019 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 primarily reflect a weighted rank of industry standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.