According to the Bureau of Transportation, there are 4,140,105 licensed drivers in the state of Maryland, all of different ages and backgrounds. But no matter who you are, if you own and drive a vehicle in Maryland, it’s important to have the best cheap car insurance coverage to keep you protected while you’re on the road, without putting a dent in your wallet.
When shopping for a provider, remember that there are a variety of factors that will influence your rate quotes:
- Personal details, such as age, marital status and employment
- The make and model of your vehicle
- Your driving history, including accidents and traffic violations
Best car insurance companies in Maryland
Accidents can occur at any time, which is why finding the right insurance provider is all about getting the best coverage for the lowest price. According to the J.D. Power 2019 U.S. Auto Insurance Study, here are the top 5 best Maryland insurance companies:
Amica is the oldest mutual insurer of vehicles in the United States. Standard insurance plans include coverage for collision, comprehensive, personal injury protection, medical payments and uninsured and underinsured driver coverage. Customers can opt for additional coverage for roadside assistance, windshield and glass protection and rental reimbursement. Additionally, Amica customers can save money on their monthly premiums with discounts for bundling policies, staying with the company for an extended amount of time and having a family member who is also an Amica customer.
In J.D. Power’s 2019 U.S. Auto Insurance Study, Amica was the highest-ranked car insurance brand in New England. The company received 5 out of 5 circles for customer satisfaction and 4 out of 5 circles for price.
USAA offers insurance coverage for members of the military and their immediate family members. USAA’s standard car insurance plans include comprehensive, collision, bodily injury, liability, personal injury protection, extended benefits and underinsured and uninsured driver coverage. Customers can upgrade their policies with coverage for roadside assistance, rental reimbursement and accident forgiveness. 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.
In J.D. Power’s 2019 Auto Insurance Study, USAA received 5 out of 5 circles for customer satisfaction and 5 out of 5 circles for price. USAA would be ranked above Amica Mutual in the New England rankings, but the company is not eligible since it only provides service to a small group of people (military members and their families).
State Farm offers standard coverage, which includes liability, collision, comprehensive, medical payments, rental car reimbursement, uninsured and underinsured drivers, ridesharing and emergency road service. If your car is stolen or totaled, State Farm’s Payoff Protector® ensures that you’ll get reimbursed for the full value of your vehicle. State Farm offers discounts for good driving, maintaining a clean driving record, completing driving training, driving a car with safety features, bundling multiple policies and more.
In J.D. Power’s 2019 Auto Insurance Study, State Farm received 4 out of 5 circles for customer satisfaction and 5 out of 5 circles for price.
Geico is highly regarded for its exceptional customer service and low monthly premiums. It’s standard car insurance plans include bodily injury, collision, comprehensive, personal injury, 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, it’s easy to estimate your monthly payments and find ways to save. Geico offers a variety of discounts, including 10% off for transferring existing insurance to Geico, insuring more than one car, renewing with Geico after the first year and more.
In J.D. Power’s 2019 Auto Insurance Study, Geico received 4 out of 5 circles for customer satisfaction and 5 out of 5 circles for price.
Allstate’s car insurance is known for its wide coverage options and online tools. Standard car insurance plans include liability, medical payments, collision, comprehensive, uninsured and underinsured drivers, rental reimbursement and roadside coverage options with the option to add coverage for their car’s sound system. Allstate’s Drivewise® program helps drivers save money on their monthly premiums by earning cash back for every six months of safe driving. Allstate offers a variety of discounts for insuring a new vehicle, bundling policies, installing vehicle safety features, being a good student, paying your policy in full and many more.
In J.D. Power’s 2019 Auto Insurance Study, Allstate received 4 out of 5 circles for customer satisfaction and 3 out of 5 circles for price.
Finding the right cheap car insurance in Maryland for you
Each car insurance company takes a variety of variables into account before providing you with your insurance estimate. To save on your Maryland insurance, look for a company that caters to your specific needs.
Cheapest car insurance for good drivers
A clean driving record is a major benefit when shopping for insurance. This means you have no traffic violations or at-fault accidents on record. Erie and Geico are known for the best discounted rates, while State Farm will take off 15% from your premium if you complete their online Steer Clear Driver Program.
Cheapest car insurance for students
College students are living on a shoe-string budget. Fortunately, companies like Geico have made it possible for students to make the daily commute without paying steep rates for Maryland car insurance. They offer discounts for completing driver’s education courses and meeting a minimum GPA.
Cheapest car insurance for people with low credit
A poor to fair credit history can take a toll on your premium. If you’re still struggling to improve your credit score, turn to an car insurance company like State Farm, Erie and Geico. They offer the cheapest car insurance rates for drives with less than stellar credit.
Cheapest car insurance for people with accidents
If you were involved in an accident that was your fault, this can cause your insurance rates to skyrocket. Erie offers the cheapest car insurance rates in Maryland to drivers with at least one accident on their record.
Average car insurance cost in Maryland
According to an Insurance Information Institute study, Maryland ranks 11th in average car insurance expenditures. If you want a breakdown by driver types, here are the average annual costs according to The Zebra.
|Cheapest car insurance in Maryland for:||Average annual premium|
|Teenage drivers (16-19)||$4,400|
|Bad drivers (at-fault accident)||$1,743|
|Minimum of liability insurance||$648|
Car insurance discounts in Maryland
There are various programs offered to help you save the most amount of money on your car insurance premiums. Here are a list of the most common types of discounts and which car insurance providers offer them:
|Erie||Geico||State Farm||The Hartford|
|Good driving history||x||x|
State minimum insurance requirements in Maryland
Maryland has several requirements regarding minimum insurance. Liability insurance is designed to cover medical expenses and damage costs for people involved in an accident that you were deemed responsible for. Uninsured coverage ensures that if you sustained an injury or your vehicle was damaged in an accident caused by an uninsured or low-insured driver, you will still be covered.
The minimum legal Maryland car insurance coverage is:
- Bodily Injury Liability Coverage: $30,000 minimum per person, $60,000 minimum per accident
- Property Damage Liability Coverage: $15,000 minimum
- Uninsured Motorist Bodily Injury Coverage: $30,000 minimum per person, $60,000 minimum per accident
- Uninsured Motorist Property Damage Coverage: $15,000 minimum
- Personal Injury Protection: $2,500 minimum
Frequently asked questions
What is the cheapest car insurance in Maryland?
Overall, Erie is the cheapest car insurance company in the state of Maryland. However, it’s important to realize that various factors might influence your rate, such as driving history and make of your vehicle.
What information is needed in order to get car insurance in Maryland?
You’ll be asked to prove identification documents, including your social security card and driver’s license. This includes any driver that you will be adding to your insurance policy. Proof of vehicle registration is required, along with bank information to pay for the policy.
What is included with full coverage insurance in Maryland?
While minimum liability insurance is mandatory, full coverage is a premium that pays for any damage or injury caused to yourself and your vehicle. This includes comprehensive and collision up to a certain limit. Full coverage insurance does not apply to wear and tear or mechanical breakdown.