- Among the companies analyzed by CarInsurance.com, GEICO stands out as the cheapest option for full coverage car insurance in Maryland, with an insurance premium of $105 per month.
- Drivers in Maryland with a clean record pay 37% less for premiums compared to those with a DUI.
- The city with the lowest car insurance rates in Maryland is Maugansville, with an annual premium of $1,428.
- Maryland drivers can save up to 28% annually on their auto insurance policy by comparing price quotes from multiple carriers.
You can find the cheapest full-coverage car insurance in Maryland for $105 a month from GEICO. It saves you $40 compared to the state average car insurance cost of $145 monthly.
Shopping for car insurance in Maryland can be a hassle, but CarInsurance.com is here to help. We have analyzed quotes from top car insurance companies, such as Geico, Progressive and State Farm so you can see who offers the best deals.
“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.
Which company offers the cheapest car insurance in Maryland?
GEICO offers the cheapest car insurance rates in Maryland for a full coverage policy with an average premium of $105 per month or around $1,262 per year, based on CarInsurance.com’s rate analysis.
A full coverage policy includes liability insurance, which is required by law in most states and optional coverage such as comprehensive and collision insurance, which typically have a deductible.
The below table shows the cheapest quotes in Maryland by different insurance carriers for a full coverage policy.
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 insurers for different coverage levels in Maryland
We all know that car insurance costs are different for everyone and can vary depending on your insurance company. Other than the insurer, your driving record and coverage levels also play a role in determining your premium.
Besides full coverage, there are liability-only and state-minimum car insurance policies. Liability only covers injuries and property damage to others in an accident.
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 bodily injury with $300,000 bodily injury per accident and up to $100,000 for property damage.
Cheapest companies for state minimum coverage in Maryland
In Maryland, all drivers must have a certain amount of car insurance, also called the state’s minimum coverage requirements. You must purchase the minimum coverage limits listed below. Keep in mind that minimums are merely that – the minimum. Most drivers need more insurance to be protected in case of a costly accident.
| 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
The following table lists Maryland’s major insurance providers, ranked by their average annual state minimum coverage rates, from cheapest to most expensive.
| 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 car insurance in Maryland
A full-coverage car insurance policy typically includes comprehensive and collision coverage, offering protection against accidents, theft, vandalism and damage from natural disasters.
In an ideal scenario, having full coverage means having a policy that aligns with your income, assets and risk profile. Lenders typically mandate full coverage for individuals financing their vehicles.
The following table lists the average annual rates of major insurance companies in Maryland from the cheapest to the most expensive. These rates are for a full coverage policy with limits of $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage.
| 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
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Cheapest auto insurance in Maryland by driving history
Your driving history impacts insurance premiums in Maryland, as insurance companies use this factor to assess the risks associated with providing coverage for a driver.
A clean driving record is the key to affordable car insurance. Traffic violations like speeding, DUIs and at-fault accidents can significantly increase your insurance premiums – insurers consider drivers with these violations on their records risky.
In Maryland, drivers with a history of traffic violation pay an average of $896 more per year than those with a clean record. Choose responsible driving habits to save money and protect yourself and others on the road.
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.
Cheap car insurance rates after a DUI conviction in Maryland
CarInsurance.com analyzed insurance rates for Maryland drivers with DUI convictions and we found that GEICO provides the cheapest car insurance rates at an average annual premium of $896. Erie Insurance is the second-cheapest insurer at an average of $2,091 per year.
A DUI can significantly impact your car insurance costs. On average, drivers with clean records pay 37% less than drivers with a DUI on their record.
| 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 rates after an at-fault accident in Maryland
$896 is the cheapest car insurance company for drivers with a history of at-fault accidents with an annual premium of $2,064.
Travelers is the second most affordable option, providing full-coverage car insurance with an average annual premium of $2,214.
If you’re found at fault in an accident, it can significantly raise your insurance premiums. Insurance companies view at-fault incidents as a sign of higher risk, leading to higher costs for coverage.
| 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
Cities with the lowest auto insurance rates in Maryland
Your location plays a key role in determining your car insurance premium. Insurance companies analyze claim data in your area to assess the risk of insuring you. Areas with higher accident rates or theft statistics have higher premiums.
In Maryland, Maugansville stands out as the city with the lowest auto insurance rates, at an average of $1,428 per year.
Insurers base these rates on various factors such as theft statistics, collision rates and incidents of vandalism to assess risk in different areas. Additionally, your individual driving history, vehicle make and age play a role in calculating the premiums you pay.
The table below shows a list of cities in Maryland with the most affordable 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 |
Learn about the 10 most important factors that affect car insurance rates
How much can you save on auto insurance in Maryland?
Shopping around for car insurance quotes in Maryland can help drivers save 28% annually on full coverage policies.
How much money you save depends on factors specific to you but compare quotes and ensure you’re getting exactly what you need at a good price.
Car insurance discounts in Maryland: Save on premiums
Maryland drivers can lower their car insurance costs by taking advantage of discounts. Insurance companies give discounts to drivers who drive safely, have safety features in their cars and bundle insurance policies.
Compare prices and coverage from different insurance companies to get the best deal and discounts for your specific needs.
Below, find common auto insurance discounts available in Maryland.
| 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 |
Final thoughts on cheap car insurance in Maryland
Our research shows that GEICO has the cheapest full coverage car insurance rates in Maryland for individuals with a good driving record.
We understand that finding affordable car insurance is important, but it’s also crucial to ensure you have enough coverage for adequate financial protection.
To get cheap car insurance in Maryland, first, figure out what coverage you need. Then, compare prices from different companies. Look for discounts and try to keep your driving record clean. Even if you’ve had tickets or accidents, you might still find a company that offers you a good deal.
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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