If you’re researching Baltimore car insurance or shopping for a policy, here you’ll find average Baltimore car insurance rates listed by ZIP code and company, so you can get a reference point for how much you can expect to pay. We’ll also explain how coverage works, and how much car insurance you need.
Drivers in Baltimore pay the most for car insurance in the state, but regardless of where you live, you can save a considerable amount if you compare rates. Consider the following:
Many factors go into calculating car insurance rates – your age, your driving history, your credit -- but a driver's location is typically used as a base line for the process.
Insurance companies assess ZIP codes’ risk levels based on the number and severity of car insurance claims within the area. They also use different formulas when deciding what you pay, which is why the price for the same policy varies by hundreds, or thousands, from one insurer to the next.
For example, Baltimore ZIP code 21216 is the priciest for Maryland car insurance, with an average rate of $2,432, the most expensive in the city and the state, according to a CarInsurance.com analysis.
The highest rate from any carrier for that neighborhood ($2,852) was $949 more than the lowest ($1,903), according our rate analysis.
The wide range in rates from different insurers shows why it's wise to compare car insurance rates. Enter your ZIP code in the average rate tool below to see the price for a policy in your neighborhood, as well as the highest and lowest cost fielded from six insurance companies.
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CarInsurance.com commissioned Quadrant Information Services to provide a report of average auto insurance rates for a 2016 Honda Accord for nearly every ZIP code in the United States. We calculated rates using data for up to six large carriers (Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm).
Averages for the default result are based on insurance for a married 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. The rate includes uninsured motorist coverage.
Averages for customized rates are based on drivers ages 20, 30, 40, 50, 60 and 70 for the following coverage levels: state minimum liability, liability of 50/100/50 and 100/300/100 with $500 deductible on comprehensive and collision. These hypothetical drivers have clean records and good credit. Average rates are for comparative purposes.
Your own rate will depend on your personal factors and vehicle.
State Minimum: Required liability coverage to drive legally in your state; some states mandate additional coverage, such as personal injury protection, uninsured motorist, underinsured motorist.
Liability Only 50/100/50: $50,000 per person/$100,000 maximum per accident for bodily injury; $50,000 for property damage. Liability pays for injuries/damage you cause others.
Full Coverage 100/300/100: $100,000 per person/$300,000 maximum per accident for bodily injury; $100,000 for property damage; comprehensive and collision coverage with $500 deductible. Liability pays for injuries/damage you cause others. Comprehensive and collision pay for damage to your car.
Here's how Baltimore’s highest average rate ($2,432) compares to others, for a full coverage policy:
$1,321 more than the least expensive average rate ($1,111) in the state, Fountainhead-Orchard Hills ZIP 21742
$1,042 more than the state average ($1,390)
$803 more than the average rate for all of Baltimore ($1,629)
$1,077 more than the national average rate ($1,355)
Baltimore car insurance rates by ZIP code
Here are the 5 most and least expensive ZIP codes for car insurance in Baltimore. You'll see in the chart below that you can save up about $900 to $1,600 just by comparing car insurance quotes, no matter which address you call home.
*Methodology for rates by ZIP code:
CarInsurance.com commissioned Quadrant Information Services to run auto insurance rates for a 2016 Honda Accord for more than 30,000 ZIP codes in the United States using six large carriers -- Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. (In cases where an insurer’s rate wasn’t available, another major carrier's rate was substituted.) Averages are based on insurance for a single 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/100 ($100,000 for injury liability for one person, $300,000 for all injuries and $100,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. This hypothetical driver has a clean record and good credit. The rate includes uninsured motorist coverage. Average rates are for comparative purposes. Your own rate will depend on your personal factors and vehicle.
Baltimore car insurance requirements
Maryland state law requires the following minimum car insurance coverage:
Minimum bodily injury liability
Minimum property damage liability
Uninsured/underinsured motorist bodily injury
Uninsured motorist property damage
Personal injury protection
$2,500 (can be waived)
Cheap car insurance: Baltimore
Minimum liability coverage limits of 30/60/15 are required to drive in Maryland. You are also required to buy uninsured and underinsured motorist coverage. Buying the state required limits is definitely the cheapest way to go. But your assets and savings aren’t shielded from lawsuits and you won’t be covered for damage to your own car.
It does cost more to buy more protection, but as you’ll see below, additional coverage is typically affordable. Increasing your insurance from the state minimum to full coverage with a $500 deductible costs, on average, $680 more, or $57 a month. Just hiking to higher liability costs just $38 dollars more a year.
Maryland state minimum average annual rate: $710
Liability only; 100/50/100 average annual rate: $748
Full coverage of 100/300/100, with comprehensive and collision and $500 deductible: $1,390