How Much Does Car Insurance Cost in Maryland? If you are looking for very Cheap Car Insurance in Maryland, you must first have an understanding of what the average cost of insurance in Maryland is.
If you are reading this essay, you have probably searched for “How Much Does Car Insurance Cost in Maryland?” to get the answer you need, follow us through the full journey of this article.
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How Much Does Car Insurance Cost in Maryland
Before getting those Car Insurance Quotes, you must note that there are so many factors that affect the cost of your insurance quotes. The costs will be explained according to the factors below.
Before going into this explanation. Let’s take a look at some general statistics.
In Maryland, the average cost of car insurance is $1,931 per year for a full coverage policy and $836 per year for a minimum coverage policy.
Drivers in Maryland pay a bit lower on full coverage rates than drivers in many cities in nearby states like Delaware and Pennsylvania.
Maryland Car Insurance Rates by Company
Each company has its rates in Maryland. These rates vary based on your driving profile, your location, and the coverage you need.
The table below shows the average rates for various car insurance services in Maryland;
| CAR INSURANCE COMPANY | AVERAGE ANNUAL PREMIUM FOR FULL COVERAGE | AVERAGE ANNUAL PREMIUM FOR MINIMUM COVERAGE |
| Allstate | $2,265 | $521 |
| Encompass | $1,622 | $724 |
| Erie | $1,681 | $704 |
| Esurance | $2,974 | $1,427 |
| Geico | $1,690 | $608 |
| Kemper | $1,561 | $947 |
| Maryland Auto Insurance | $4,005 | $1,393 |
| Nationwide | $1,580 | $1,016 |
| Penn National | $1,660 | $1,048 |
| Progressive | $1,833 | $976 |
| State Auto Insurance | $2,081 | $1,118 |
| State Farm | $1,963 | $856 |
| USAA | $1,398 | $533 |
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Maryland Car Insurance Rates by City
One other important factor that affects the rate of car insurance is the location. In Maryland, car insurance premiums are more expensive in Dundalk and cheaper in Hagarstown.
The table below shows the average cost of car insurance in the 20 cities in Maryland by population;
| CITY | AVERAGE ANNUAL PREMIUM FOR FULL COVERAGE | % DIFFERENCE FROM STATE AVERAGE ANNUAL PREMIUM |
| Baltimore | $2,271 | 18% |
| Columbia | $1,768 | -8% |
| Germantown | $1,738 | -10% |
| Silver Spring | $1,958 | 1% |
| Waldorf | $1,945 | 1% |
| Ellicott City | $1,826 | -5% |
| Frederick | $1,470 | -24% |
| Glen Burnie | $1,891 | -2% |
| Rockville | $1,754 | -9% |
| Gaithersburg | $1,762 | -9% |
| Bethesda | $1,679 | -13% |
| Dundalk | $2,357 | 22% |
| Bowie | $1,964 | 2% |
| Towson | $1,986 | 3% |
| Bel Air | $1,711 | -11% |
| Severn | $1,861 | -4% |
| Potomac | $1,742 | -10% |
| Odenton | $1,733 | -10% |
| Catonsville | $2,066 | 7% |
| Hagerstown | $1,435 | -26% |
Maryland Car Insurance Rates by Age
Age has a very big influence on the car insurance rate in every state. The costs begin to reduce around the age of 25 a gradually increase again after the age of 70 according to the average annual premium cost for Maryland drivers;
The table below contains data concerning the cost of insurance according to different age groups
| AGE | AVERAGE ANNUAL PREMIUM FOR FULL COVERAGE IN MARYLAND |
| Age 16 | $4,058 |
| Age 18 | $3,831 |
| Age 20 | $3,215 |
| Age 25 | $2,385 |
| Age 60 | $1,765 |
| Age 70 | $1,945 |
Typical Car Insurance Costs by Coverage Level in Maryland
The amount of money you pay for car insurance depends greatly on the amount of coverage you decide to maintain. Generally, liability coverages are always less when compared to low deductible coverages.
Take a look at the table below to get an idea of how car insurance costs are affected by coverages level
| Coverage Level | Average Annual Premium |
| $100K/$300K/$100K Bodily Injury/Property Damage — Liability Only | $755 |
| $100K/$300K/$100K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision | $1,270 |
| $100K/$300K/$100K Bodily Injury/Property Damage — $500 Comprehensive/Collision | $1,415 |
| $50K/$100K/$50K Bodily Injury/Property Damage — Liability Only | $695 |
| $50K/$100K/$50K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision | $1,210 |
| $50K/$100K/$50K Bodily Injury/Property Damage — $500 Comprehensive/Collision | $1,355 |
| State Minimum — Liability Only | $627 |
| State Minimum — $1,000 Comprehensive/Collision | $1,144 |
| State Minimum — $500 Comprehensive/Collision | $1,290 |
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Maryland Car Insurance Rates by Driving Record
To keep your car insurance costs low, it is very important to get a clean driving record. The rates for Auto insurance are affected by the records of your vehicle. This means that getting a speeding ticket conviction or having an accident in which you are at fault could increase the cost of your insurance premium.
The table below shows the various car insurance costs according to various driving infractions;
| DRIVING INCIDENT | AVERAGE ANNUAL FULL COVERAGE PREMIUM IN MARYLAND | % INCREASE OF STATE AVERAGE ANNUAL PREMIUM |
| Speeding ticket conviction | $2,334 | 21% |
| At-fault accident | $2,902 | 50% |
| DUI | $3,530 | 83%
|
Average Car Insurance Prices in Maryland by Gender
Although the impact of Gender on Car insurance is not large, as compared to location and experience level. The table below shows data for car insurance in Maryland according to gender.
Maryland Car Insurance Prices for Women Vs. Men
| Gender | Average Annual Rate |
| Male | $1,194.37 |
| Female | $1,188.81 |
Average Car Insurance Premiums in Maryland by Marriage Status
Marital status also has its effects on Car insurance. The table below shows data for people in Maryland;
| Marital Status | Average Annual Rate |
| Single | $1,194.37 |
| Married | $1,216.16 |
| Divorced | $1,194.37 |
| Widowed | $1,159.12 |
Average Auto Insurance Costs in Maryland by Credit Score
Another factor that affects the cost of car insurance is the credit score. Trends in history show that motorists with excellent credit scores are always more reliable to auto insurance companies.
The table below shows details comparing the price of auto insurance with various credit scores;
| Credit Score | Average Annual Rate |
| Very Poor (300-579) | $2,177.73 |
| Fair (580-669) | $1,870.59 |
| Good (670-739) | $1,508.86 |
| Very Good (740-799) | $1,240.97 |
| Exceptional (800-850) | $1,094.87 |
How To Save On Car Insurance in Maryland
If you want to spend less on car insurance, there are several ways to save money from Insurance in Maryland. The tips given below can help you save more on your car insurance;
- Take advantage of bundles. Use multi-policy discounts.
- Drive less
- Use good driving habits
- Don’t just go for the first quote, shop around for quotes
- Take advantage of discounts
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Frequently Asked Questions
How Much Is Car Insurance Per Month in Maryland?
The cost of car insurance varies depending on different factors like location and driving habits, coverages, vehicle type, etc.
In Maryland, the average cost of car insurance is $1,931 per year for a full coverage policy and $836 per year for a minimum coverage policy.
How Much Car Insurance Do I Need in Maryland?
In Maryland, you will need a minimum coverage of $30,000 for bodily injury per person, $60,000 for bodily injury per accident, and $15,000 for property damage.
The same minimums are required for uninsured and underinsured motorists. For personal injury protection, about $2,500 is required per person.
Why Is Car Insurance So Expensive in Maryland
Traffic density, the frequency of accidents, thefts and vandalism acts, and weather-related events are factors that may contribute to making Maryland auto insurance premiums higher than the national average.
Maryland ai also home to so many popular cities, like Baltimore and Salisbury. Metropolitan areas are also likely to have higher auto insurance rates, according to the Insurance Information Institute.
How Can I Make My Insurance Cheaper in Maryland?
There lie so many ways to save money on auto insurance in Maryland. A good example is that, if you have an older car, you may consider removing full coverage if you can pay for the costs to fix your car or replace it out of pocket.
You could also increase your deductible to reduce the premium, but try making sure that you can pay the higher deductible if you need to file a claim.
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