The cheapest full coverage car insurance in Maryland is $105, saving you $40 compared to the average cost of insurance in the state, which is around $145 per month.
CarInsurance.com has done the homework for you. We analyzed rates from various auto insurance companies in Maryland, such as Geico, Progressive, State Farm and more, so you can effortlessly compare their rates to find the most affordable option.
“Drivers looking to get the cheapest insurance premiums in Maryland should maintain continuous coverage and avoid any lapse. When it comes to shopping for a new insurance company, discounts may be applied if the drivers have maintained continuous coverage, which will help lower the annual premium,” says Lauren Mckenzie, senior insurance agent, A Plus Insurance.
- According to recent data, GEICO offers the cheapest full coverage car insurance in Maryland at $105 per month.
- Maryland drivers with a clean driving record pay 37% less for car insurance than drivers with a DUI.
- In Maryland, the city of Maugansville has the most affordable car insurance rates at $1,428 annually.
- Comparing price quotes from multiple insurers can help you save up to 28% per year on your car insurance policy in Maryland.
Car insurance companies with cheap car insurance in Maryland
GEICO has the cheapest full coverage car insurance in Maryland, at an average premium of $105 per month or around $1,262 per year, based on CarInsurance.com data.
A full-coverage auto insurance policy typically includes liability coverage, which is mandated by most states and optional coverages such as comprehensive and collision insurance, which have a deductible.
The table below provides the cheapest full coverage insurance quotes in Maryland. We’ve gathered rates from different insurance companies to help you find the most affordable option.
Cheapest car insurance rates in Maryland per month
| Company | Full coverage monthly rates |
|---|---|
| GEICO | $105 |
| Nationwide | $114 |
| Travelers | $127 |
| Kemper Insurance | $134 |
| Erie Insurance | $140 |
| Progressive | $158 |
| Penn National Insurance | $159 |
| State Farm | $181 |
| Allstate | $259 |
| USAA* | $87 |
Note: USAA is only available to military community members and their families.
Maryland drivers who pay lower insurance premiums
Car insurance rates can differ due to various factors, including age, location, driving history, credit score and the type of vehicle you own. Some insurers may offer cheaper rates for certain types of drivers compared to others.
- Married drivers pay 6% less than single drivers.
- Maryland drivers with clean records pay 37% less than drivers who have a DUI on their record.
- Maryland drivers in their 20s pay 52% lower rates for insurance than a 16-year-old in Maryland.
- Adding a teen to your policy will cost you 66% less than having the teen purchase their own auto insurance policy.
- Drivers who are licensed for three or more years pay 31% less on their insurance premiums.
- Drivers insured for three or more years can save up to 22% on their insurance costs.
TipIf you no longer drive regularly or work remotely, you may want to re-evaluate your insurance policy. Drivers with a daily commute of less than 15 miles can save up to 6% for this state more on their premiums.
Cheapest Maryland companies for different coverage levels
Full coverage car insurance provides comprehensive protection for your vehicle. It typically includes liability coverage, collision coverage and comprehensive coverage, which safeguards against many incidents beyond accidents, such as theft or natural disasters.
There are cheaper options, such as liability-only and state minimum policies. These types of insurance only provide coverage for the other party in an at-fault accident up to the limits of the policy.
Not all insurers offer the same coverage limits at the same price point. For instance:
- GEICO is the cheapest for a state minimum policy.
- GEICO has the cheapest rates for a liability-only policy (50/100/50).
- GEICO offers the cheapest car insurance for a full coverage policy (100/300/100) in Maryland.
The numbers above (100/300/100) represent up to $100,000 for medical bills per person, with a $300,000 cap per accident and up to $100,000 to repair other drivers’ cars and property that you damage.
Cheapest companies for state minimum coverage in Maryland
Maryland requires all drivers to carry a minimum amount of car insurance, known as the state’s minimum coverage requirements. It means that your policy must include at least:
| Minimum coverage | Minimum limit |
|---|---|
| Minimum bodily injury liability | $30,000/$60,000 |
| Minimum property damage liability | $15,000 |
Read more about the minimum liability car insurance requirements by state
Below are the average annual rates from major insurance companies in Maryland, ranked from cheapest to the most expensive for the state minimum coverage.
| Company | State minimum annual rates |
|---|---|
| GEICO | $428 |
| Erie Insurance | $600 |
| Travelers | $647 |
| Kemper Insurance | $707 |
| Nationwide | $724 |
| State Farm | $744 |
| Progressive | $812 |
| Penn National Insurance | $1,021 |
| Allstate | $1,255 |
| USAA* | $362 |
Note: USAA is only available to military community members and their families.
Cheapest insurance providers for liability-only coverage in Maryland
Liability-only coverage will financially protect you up to the specific policy limits for any damage, injuries or deaths resulting from an accident for which you’re responsible.
Here are the average annual rates for liability insurance coverage from major carriers in Maryland, ranked in the order of the cheapest to the most expensive. The coverage limits for these rates are $50,000 for bodily injury per person, $100,000 for bodily injury per accident and $50,000 for property damage.
| Company | Liability only annual rates |
|---|---|
| GEICO | $465 |
| Erie Insurance | $660 |
| Nationwide | $715 |
| Travelers | $715 |
| Kemper Insurance | $779 |
| Penn National Insurance | $827 |
| State Farm | $839 |
| Progressive | $875 |
| Allstate | $1,299 |
| USAA* | $418 |
Note: USAA is only available to military community members and their families.
Cheapest full coverage in Maryland
Full coverage car insurance policies consist of comprehensive and collision insurance. Comprehensive and collision protect against accidents, theft, vandalism and natural disasters.
Ideally, full coverage means you have insurance that’s appropriate for your income, assets and risk profile. Lenders require full coverage from those who finance their cars.
The table below shows the average annual rates from major insurance providers in Maryland, listed by cost, for a full coverage policy of $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage, with comprehensive and collision coverage and a $500 deductible.
| Company | Full coverage annual rates |
|---|---|
| GEICO | $1,262 |
| Nationwide | $1,363 |
| Travelers | $1,523 |
| Kemper Insurance | $1,603 |
| Erie Insurance | $1,685 |
| Progressive | $1,895 |
| Penn National Insurance | $1,911 |
| State Farm | $2,177 |
| Allstate | $3,108 |
| USAA* | $1,043 |
Note: USAA is only available to military community members and their families.
Learn more about who has the cheapest full coverage auto insurance
Cheapest car insurance in Maryland, by driving history
Your driving history affects how much you pay for insurance in Maryland because insurance companies use it to assess the risk associated with insuring a driver.
Traffic violations such as speeding tickets, DUIs and at-fault accidents demonstrate risky behavior on the road. Insurance companies view these violations as indicators of higher risk and may charge you higher premiums.
A driver with a history of traffic violations pays $896 more annually in Maryland than an individual with a clean driving record.
Cheap car insurance rates in Maryland after a speeding ticket
A speeding ticket can impact your Maryland car insurance rates, but finding affordable options is still possible. Among the carriers analyzed, GEICO has the cheapest car insurance premiums for individuals with a speeding ticket at an average cost of $1,694 a year.
| Company | Rates before speeding | After speeding (1-29 mph over limit) | % difference | $ difference |
|---|---|---|---|---|
| GEICO | $1,364 | $1,694 | 24% | $331 |
| Erie Insurance | $1,999 | $2,091 | 5% | $91 |
| Travelers | $1,508 | $2,285 | 52% | $777 |
| State Farm | $2,407 | $2,643 | 10% | $236 |
| Progressive | $2,135 | $2,670 | 25% | $535 |
| Nationwide | $1,874 | $2,712 | 45% | $838 |
| Kemper Insurance | $2,192 | $3,471 | 58% | $1,279 |
| Allstate | $3,595 | $4,831 | 34% | $1,236 |
| USAA* | $1,104 | $1,310 | 19% | $206 |
Note: USAA is only available to military community members and their families.
Cheapest car insurance in Maryland after a DUI conviction
GEICO offers the cheapest car insurance to Maryland drivers with a DUI conviction at $896 per year and Erie Insurance has the second-cheapest insurance premiums at $2,091 a year, based on recent data.
Drivers with clean driving records can expect to pay an average of 37% less than those with a history of DUI.
| Company | Rates before DUI | Rates after a DUI | % difference | $ difference |
|---|---|---|---|---|
| GEICO | $1,364 | $1,671 | 23% | $307 |
| Erie Insurance | $1,999 | $2,091 | 5% | $91 |
| Travelers | $1,508 | $2,393 | 59% | $885 |
| State Farm | $2,407 | $2,643 | 10% | $236 |
| Progressive | $2,135 | $2,997 | 40% | $862 |
| Nationwide | $1,874 | $4,289 | 129% | $2,415 |
| Allstate | $3,595 | $4,677 | 30% | $1,082 |
| Kemper Insurance | $2,192 | $5,055 | 131% | $2,863 |
| USAA* | $1,104 | $2,920 | 165% | $1,816 |
Note: USAA is only available to military community members and their families.
Cheap car insurance companies in Maryland after an at-fault accident
The car insurance company with the cheapest driver rates after an at-fault accident is $896, at $2,064 a year.
On the other hand, Travelers offers the second-cheapest full-coverage car insurance rates for drivers with a history of at-fault accidents at an average annual premium of $2,214.
When you are responsible for an accident, it can have a significant impact on your insurance premiums. Insurance companies generally consider at-fault accidents an indicator of increased risk, which leads to increased premiums.
| Company | Rates before accident | Rates after accident | % difference | $ difference |
|---|---|---|---|---|
| GEICO | $1,364 | $2,064 | 51% | $700 |
| Travelers | $1,508 | $2,214 | 47% | $706 |
| Erie Insurance | $1,999 | $2,576 | 29% | $576 |
| State Farm | $2,407 | $2,997 | 25% | $590 |
| Progressive | $2,135 | $3,237 | 52% | $1,102 |
| Nationwide | $1,874 | $3,415 | 82% | $1,541 |
| Kemper Insurance | $2,192 | $4,314 | 97% | $2,122 |
| Allstate | $3,595 | $5,793 | 61% | $2,198 |
| USAA* | $1,104 | $1,840 | 67% | $736 |
Note: USAA is only available to military community members and their families.
Check out the most affordable insurance options in your neighboring state
Maryland cities with the lowest auto insurance rates
Where you live significantly impacts your car insurance cost. Insurance companies consider the number and cost of claims in your area to determine the risk of insuring vehicles. Areas with higher accident risks or theft rates tend to have higher premiums to compensate for the increased risk.
Maugansville is the city with the lowest premiums in Maryland at an annual auto insurance rate of $1,428.
Insurance providers rely on statistical data regarding thefts, collisions and vandalism to analyze the likelihood of such incidents occurring in a particular area. Besides driving history, your car model and age play a significant role in determining your insurance premiums.
Find below a list of Maryland cities with the lowest car insurance rates.
| City | Full coverage annual rates |
|---|---|
| Maugansville | $1,428 |
| 2 Williamsport | $1,429 |
| Frostburg | $1,430 |
| Easton | $1,434 |
| 13 Mount Savage | $1,434 |
| Fountainhead-Orchard Hills | $1,437 |
| Smithsburg | $1,439 |
| Cumberland | $1,442 |
| Fairplay | $1,446 |
| Clear Spring | $1,449 |
Explore the top 10 factors that influence car insurance rates
Average savings on car insurance in Maryland
If you compare car insurance quotes, you could enjoy an annual saving of around 28% on a full coverage policy in Maryland.
While the actual savings may differ for each person, comparing price quotes before buying a policy can help you find affordable insurance.
Car insurance discounts in Maryland: Save on premiums
In Maryland, car insurance companies offer various discounts to drivers, such as safe driver and bundling discounts to help you save on your premiums. Learn more about some common car insurance discounts in Maryland below.
| Discount type | % difference | $ difference |
|---|---|---|
| Air bags | 1% | $29 |
| Anti-theft device | 1% | $14 |
| Daily commute | 5% | $124 |
| Days advanced purchase | 7% | $188 |
| Days per week driven | 6% | $175 |
| Education | 7% | $119 |
| Electronic funds transfer | 4% | $87 |
| Electronic signature | 10% | $175 |
| Homeowner | 4% | $93 |
| Lower annual mileage | 5% | $101 |
| Loyalty – years renewal with company | 3% | $75 |
| Marital status | 6% | $146 |
| Multi policy | 8% | $219 |
| Paperless/electornic documents | 4% | $133 |
| Payment type | 8% | $217 |
| Primary use | 9% | $231 |
| Profession | 11% | $221 |
| Safety devices | 3% | $91 |
| Telematics | 10% | $240 |
| Years insured | 20% | $838 |
| Years licensed | 29% | $1,069 |
The bottom line on cheap auto insurance in Maryland
Based on our findings, GEICO provides the cheapest rates for a full coverage policy in Maryland if you have a good driving record.
It’s important to find the cheapest auto insurance and ensure you have the right amount of protection for your needs.
To get affordable car insurance in Maryland, figure out the coverage you require, compare quotes from different companies, look for discounts and keep a good driving record.
Resources & Methodology
Methodology
CarInsurance.com commissioned Quadrant Information Services to field rates in 2023 from all the major insurers in nearly every ZIP code of Maryland for three different coverage levels:
- Full coverage policy with limits 100/300/100, including comprehensive and collision coverage and a $500 deductible.
- Liability-only with limits 50/100/50.
- State-minimum car insurance limits of 30/60/15.
The rates are based on the sample profile of a 40-year-old male and female driving a Honda Accord LX with a clean driving record and a good credit score. We have compared 53,409,632 car insurance quotes from 75 company groups across 34,588 ZIP Codes.
Violations:
Car insurance rates are calculated by evaluating the sample profile of a 40-year-old driver for a full coverage policy with limits 100/300/100, including comprehensive and collision coverage, and a $500 deductible, with the following incidents applied: clean record, at-fault accident, DUI conviction and speeding ticket.
Discounts:
Car insurance discount rates are for a full coverage policy with limits of 100/300/50 and a $500 comprehensive and collision deductible based on the sample profile of a 40-year-old male driver. To gather the data, our data experts compared 2,677,890 insurance quotes across various ZIP Codes.
The rates are for comparison purposes only and your exact rates may vary.
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