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Best car insurance in Maryland for 2022

Updated Nov 21, 2022
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There are many options for car insurance in Maryland, which may make it hard to know which could be best for your needs. To help simplify your search for the best car insurance in Maryland, Bankrate’s insurance editorial team analyzed dozens of carriers based on factors like affordability, coverage options and customer satisfaction. Our research aims to help you find an auto insurance company that fits your needs and budget.

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Key takeaways
  • Maryland drivers pay an average of $1,931 per year for full coverage car insurance, according to Bankrate’s 2022 study of quoted annual premiums.
  • Geico, USAA and State Farm were three of the top car insurance carriers in Maryland, based on Bankrate’s in-depth analysis.

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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.

Best car insurance companies in Maryland

Based on our extensive research and systematic scoring categories, 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 Maryland is $1,931 per year for full coverage and $836 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 company in Maryland, you might want to get quotes from these five major carriers:

Geico
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
J.D. Power score (mid-Atlantic region)
834
/1,000
Average annual full coverage premium
$1,690
Average annual minimum coverage premium
$608
USAA
Rating: 5 stars out of 5
5.0
Bankrate Score
Info Hover for more
J.D. Power score (mid-Atlantic region)
881
/1,000
Average annual full coverage premium
$1,398
Average annual minimum coverage premium
$533
State Farm
Rating: 4.7 stars out of 5
4.7
Bankrate Score
Info Hover for more
J.D. Power score (mid-Atlantic region)
851
/1,000
Average annual full coverage premium
$1,963
Average annual minimum coverage premium
$856
Erie
Rating: 4.6 stars out of 5
4.6
Bankrate Score
Info Hover for more
J.D. Power score (mid-Atlantic region)
867
/1,000
Average annual full coverage premium
$1,681
Average annual minimum coverage premium
$704
Progressive
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info Hover for more
J.D. Power score (mid-Atlantic region)
827
/1,000
Average annual full coverage premium
$1,833
Average annual minimum coverage premium
$976
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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.

*Not officially ranked by J.D. Power due to eligibility restrictions

Best car insurance company for digital insurance tools

J.D. Power:
834 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 608
Avg annual premium for full coverage:
$ 1,690
Get a personalized quote

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

Best car insurance company for military-tailored coverage

J.D. Power:
881 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 533
Avg annual premium for full coverage:
$ 1,398
Get a personalized quote

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

Best car insurance company for local agencies

J.D. Power:
851 /1,000
AM Best:
A ++
Avg. annual premium for minimum coverage:
$ 856
Avg annual premium for full coverage:
$ 1,963
Get a personalized quote

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

Best car insurance company for add-on coverage

J.D. Power:
867 /1,000
AM Best:
A +
Avg. annual premium for minimum coverage:
$ 704
Avg annual premium for full coverage:
$ 1,681
Get a personalized quote

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

Best car insurance company for building coverage around a budget

J.D. Power:
827 /1,000
AM Best:
A +
Avg. annual premium for minimum coverage:
$ 976
Avg annual premium for full coverage:
$ 1,833
Get a personalized quote

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

Average cost of car insurance in Maryland

When it comes to car insurance, Maryland drivers typically pay higher rates compared to many other states. On average, Maryland drivers pay $1,931 annually for full coverage, which is 9 percent more than the U.S. average of $1,771. Minimum coverage tends to be significantly more expensive in Maryland, with an average annual premium of $836, which is 53 percent more than the national average annual premium of $480.

Average premiums in Maryland may be higher for a number of reasons. Maryland’s state minimum coverage is slightly higher than rates in 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 compared to much larger states.

 

Average annual premium for minimum coverage in Maryland Average annual premium for full coverage in Maryland
$836 $1,931

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 coverages. 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. 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.

Car insurance discounts in Maryland

With average minimum and full coverage premiums that are higher than the national average, Maryland drivers may want to find ways to save on their car insurance. One of the best ways to do that could be by taking advantage of discounts. Although each company offers a different set of discounts, some common ones include:

  • Young driver discounts: If you insure a high school or college 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 away to college without a vehicle and for students who took a certified driver education course.
  • Safe driver discounts: Avoiding at-fault accidents and moving violations for a certain number of years, which varies by carrier, might earn you a safe driver discount. Additionally, if your vehicle has safety features like side curtain airbags, blind spot warning and anti-lock brakes, you may qualify for a discount.
  • Other discounts: If you own a home or condo or if you rent, you might get a discount for bundling your property policy with your auto insurance. You could also save on your insurance if you sign up for automatic payments, pay in full or go paperless.

You can often research a company’s discounts online, but talking to your insurance agent or company’s customer service representative may be the best way to identify savings opportunities.

Frequently asked questions

Written by
June Sham
Insurance Writer

June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies.

Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute