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.
Which company offers the cheapest car insurance rates in Maryland?
Based on data analysis by CarInsurance.com, Geico provides the cheapest full coverage auto insurance rates for Maryland drivers at a monthly rate of $105 or $1,262 a year.
A full coverage policy bundles liability insurance, which is required by most states, with optional coverages like comprehensive and collision. These additional coverages come with a deductible, meaning you’ll have to pay a set amount out-of-pocket before your insurance kicks in.
Find out which insurance company offers the cheapest car insurance rates for full coverage in Maryland.
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 companies for different coverage levels in Maryland
It’s no secret that car insurance quotes vary drastically from person to person and from company to company. Your car insurance premiums will also vary depending on the coverage level you choose, your driving history and other factors.
In addition to full coverage, there are also liability-only and state minimum policies. Unlike full coverage, liability-only and state minimum policies only cover damage to another driver’s bodily injury and property damage in the event of 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 coverage of up to $100,000 per person for medical bills with a $300,000 cap per accident, as well as 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 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
In Maryland, driving history significantly impacts car insurance costs. Insurance companies use this information to evaluate the risk of insuring a driver. Drivers with clean records pose less risk, leading to lower premiums.
Insurance companies consider traffic violations like speeding tickets, DUIs and at-fault accidents as indicators of risky driving behavior. So, they charge higher premiums to drivers with these violations on their record.
In Maryland, drivers with a history of such violations typically pay $896 more annually than drivers with clean records.
Cheap car insurance rates after a speeding ticket in Maryland
If you’ve got a speeding ticket on your Maryland driving record and need affordable car insurance, Geico might be the answer. With an average annual rate of $1,694, Geico offers the cheapest full coverage auto insurance options for drivers with speeding tickets in Maryland.
| 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 $1,671. 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 companies in Maryland after an at-fault accident
The car insurance company with the cheapest driver rates after an at-fault accident is Geico, 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
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 |
The bottom line on cheap car insurance in Maryland
Based on our research, if you are a good driver, Geico is the cheapest in Maryland for a full coverage policy.
We know that finding the best and cheapest auto insurance coverage is essential, but so is getting the right amount of protection.
The best way to find affordable car insurance in Maryland is to know and understand the coverage you need, compare quotes, apply for discounts and maintain a clean driving record. Even if you have tickets or accidents, it’s still possible that the company will offer you a policy at affordable rates.
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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