Cheapest Car Insurance in Maryland

State Farm is the most affordable car insurance for Maryland drivers, with an average monthly cost of $59 and an annual rate of $703. This represents a savings of $173 when compared to the state average. These rates, sourced from Quadrant Information Services, reflect the cheapest options for minimum coverage in Maryland as of December 2024. Read our research methodology to learn how we found the cheapest Maryland car insurance.

State Farm is the cheapest car insurance company for most drivers in the Old Line State, with an average monthly cost of $84 for both state minimum and full coverage policies. This rate is $15 lower than Maryland's average. Travelers, GEICO, Nationwide and Erie also offer affordable rates.

We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

State Farm offers the cheapest minimum coverage, while Nationwide provides the most affordable full coverage for most drivers in the Old Line State. However, your lowest rate depends on personal factors. Below, we highlight Maryland's cheapest car insurance rates for various driving profiles.

Read More: Cheapest Car Insurance

Along with the cheapest rate offered by State Farm, GEICO, Travelers and Erie also offer cheap minimum liability coverage for drivers in the Old Line State. Check the table below to explore rates for similar companies with the best minimum coverage rates and see how they compare to the monthly state average of $73.

Nationwide is the cheapest provider for full coverage auto insurance in Maryland, averaging $109 per month or $1,310 per year. These rates are lower than the state average cost. Check the table below for other provider options.

In Maryland, young adult drivers find State Farm the most affordable — a minimum coverage policy costs just $69 per month for 25-year-olds.

We used minimum coverage for a 25-year-old driver with good credit and no driving violations to determine the cheapest provider.

Young drivers in Maryland can find cheap auto insurance with State Farm and Nationwide. State Farm offers minimum coverage starting at $69 per month. For full coverage, Nationwide is an option at $130 monthly. Rates can vary based on driving history and other factors, but these companies are a good starting point for affordable insurance options.

Read More: Cheapest Car Insurance for Young Drivers

Senior drivers in Maryland can find affordable rates with State Farm, averaging $62 per month for minimum coverage.

We used minimum coverage for a 65-year-old driver with good credit and no driving violations to determine the cheapest provider.

Senior drivers in Maryland can find the cheapest rates with State Farm for minimum coverage at $62 monthly. GEICO offers affordable full coverage at $113. However, individual quotes may differ. Use the rates in the table below to guide your car insurance shopping.

Read More: Cheapest Car Insurance for Seniors

Maryland drivers with a DUI, at-fault accident or speeding ticket are labeled as high-risk by insurers, leading to higher insurance costs compared to those with clean records. Depending on the offense, average premiums vary for high-risk drivers. Below are the best rates for drivers with these violations.

State Farm offers the best rates for Maryland drivers with DUIs, averaging $64 per month ($772 per year) for minimum coverage insurance. Check the table below for a list of insurance providers in the state and their average monthly premiums for drivers with DUIs.

We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.

State Farm offers the cheapest rates for drivers with an accident, averaging $73 per month ($876 per year). Below, find other insurers providing affordable coverage for similar situations. Rates are for minimum coverage policies.

We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

State Farm offers the cheapest insurance for Maryland drivers with speeding tickets, averaging $64 per month. Check the table below to compare providers with minimum coverage for drivers with speeding tickets.

We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

Progressive offers the cheapest car insurance for drivers with poor credit scores, with rates at $76 monthly and around $912 annually. Review the table below for more options from other providers.

These rates are based on a 40-year-old driver with bad credit and a clean driving record.

Your car insurance rates are greatly affected by where you live. Even in the same state, prices may vary from city to city because of things like how many people live there and the risk of flooding and crime.

For instance, Travelers charges $82 a month in Baltimore for state minimum coverage, while State Farm offers the same coverage for just $54 in Columbia. Check the table below to see the cheapest insurance in your city and the lowest average monthly rate.

The lowest rate reference is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.

For Marylanders, Allstate offers the most affordable option to bundle home and auto insurance at $2,473. Below, find more cheap companies for bundling policies.

Rates are for a 40-year-old driver with good credit and no driving violations.

In Maryland, the monthly average cost for full coverage car insurance is $126, while minimum coverage averages $73. Understanding the average cost of car insurance in Maryland can help residents better gauge whether they're getting a fair deal from their insurer.

In Maryland, car insurance rates change by city. See the table for average state minimum and full coverage costs in local areas.

Compared to most states, car insurance is expensive in Maryland, ranking 11th. Costs are driven up by factors high population density, the likelihood of natural disasters and a high chance of vehicle theft.

Maryland law requires all drivers to carry car insurance policies that meet the state's minimum coverage limits. These limits include bodily injury liability of $30,000 per person and $60,000 per accident and property damage liability of $15,000 per accident. Additionally, Maryland mandates uninsured/underinsured motorist coverage equal to the liability limits.

If you finance or lease your car, you'll likely need to purchase comprehensive and collision insurance on top of the minimum liability coverages. While a minimum liability auto insurance policy is more affordable, it provides the least financial protection. Experts suggest opting for full coverage insurance with the highest deductible and liability limits you can comfortably afford.

Drivers with serious traffic violations, like speeding or drunk driving, may need to file for SR-22 insurance, which can increase their premiums. Your insurance provider might submit the SR-22 form to the state, or you may need to do it yourself. It remains valid from the date of your most recent offense.

In Maryland, self-insurance is a common car insurance alternative. It involves providing a financial guarantee to cover damages, helping you meet the state's minimum coverage requirements.

For business owners, other options include surety bonds or cash deposits. These alternatives work by setting aside funds or securing a bond to ensure coverage, providing flexibility in satisfying insurance needs.

MoneyGeek recommends that drivers get full car insurance, including liability, collision and comprehensive coverage. We recommend the following liability limits:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage per accident

Comprehensive coverage pays for off-road damage to your car from events like theft, vandalism or severe weather. Collision coverage, on the other hand, covers your vehicle when it's damaged in an on-road accident.

If you own a valuable car, MoneyGeek suggests getting both comprehensive and collision insurance, even though it's not a legal requirement. Choose a deductible for these coverages that you can afford to pay before insurance covers the remaining costs.

Nationwide has the cheapest full coverage at $109, and State Farm wins for minimum coverage at $59. While low costs are tempting, remember that the most affordable car insurance might not cover all your needs. Experts say it's smart to buy as much protection as you can afford.

MoneyGeek answers common questions about affordable car insurance options in Maryland. We help you find the right state minimum coverage for your needs, ensuring you understand your options and choose wisely.

MoneyGeek obtained Maryland auto insurance rates from the Maryland Department of Insurance and Quadrant Information Services. We examined 20,151 auto insurance quotes from nine providers across 54 ZIP codes to determine the most affordable car insurance companies in Maryland.

Maryland Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in Maryland:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model and military service where specified.

Standard Coverage Levels in Maryland

We compared car insurance companies in Maryland that offer both minimum and full coverage policies. We set the limits of the minimum coverage car insurance policy to the minimum amount required by law in Maryland.

The minimum coverage liability limits in Maryland are:

• $30,000 for bodily injury liability per person
• $60,000 for bodily injury liability per accident
• $15,000 for property damage liability per accident
• $30,000 uninsured motorist bodily injury per person
• $60,000 uninsured motorist bodily injury per accident
• $15,000 uninsured/underinsured property damage coverage

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Home and Auto Coverage Levels in Maryland

MoneyGeek analyzed the rates of insurance companies for a full coverage auto insurance policy that includes the following coverage and limits:

• $100,000 in property damage liability
• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• Comprehensive and collision coverage with a $1,000 deductible

We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:

• $250,000 dwelling coverage
• $25,000 other structures coverage
• $100,000 personal property coverage
• $25,000 loss of use coverage
• $100,000 personal liability coverage
• $1,000 medical payments coverage
• All-perils coverage with a $1,000 deductible