State Farm is the overall cheapest car insurance company in Maryland. Nationwide and Travelers are also the most affordable options for some drivers.
The best car insurance company in Maryland offers quality coverage at an affordable price.
State Farm offers the most affordable minimum coverage car insurance in Maryland at $703 per year.
Updated: October 1, 2024
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State Farm is the overall cheapest car insurance company in Maryland. Nationwide and Travelers are also the most affordable options for some drivers.
The best car insurance company in Maryland offers quality coverage at an affordable price.
Table of Contents
Why Trust MoneyGeek? We analyzed car insurance rates using data and information from the Maryland Insurance Administration and Quadrant Information Services.
These rates reflect the cheapest car insurance quotes in Maryland as of September 2024.
These are Maryland’s cheapest car insurance companies offering minimum coverage policies:
Allstate has the highest minimum coverage premium in Maryland, costing an average of $1,455 per year.
State Farm | $703 | $59 |
Travelers | $765 | $64 |
GEICO | $765 | $64 |
Erie | $805 | $67 |
Nationwide | $805 | $67 |
Progressive | $815 | $68 |
Kemper | $856 | $71 |
Allstate | $1,455 | $121 |
A minimum coverage policy pays only for damage and injuries you cause to others. You need a full coverage policy with comprehensive and collision insurance to protect your car.
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Find the Best Car Insurance in Maryland for You
How much car insurance you need will depend on your budget and coverage needs.
The table above shows that Maryland's minimum coverage auto insurance rates are among the lowest.
We evaluated quality and cost of service to identify the top car insurance companies in Maryland.
MoneyGeek analyzes average car insurance rates in Maryland for different types of drivers.
These insurers provide the most affordable full coverage car insurance in Maryland:
Allstate offers the most expensive full coverage insurance at $2,189 per year.
Adding comprehensive and collision coverage to your policy increases your premium. For example, a full coverage policy from Nationwide costs $459 more than its minimum coverage. Full coverage protects you better in an at-fault accident by covering damage to your car from collisions, theft and other incidents on and off the road.
Nationwide | $1,264 | $105 |
GEICO | $1,312 | $109 |
State Farm | $1,324 | $110 |
Travelers | $1,335 | $111 |
Erie | $1,412 | $118 |
Kemper | $1,502 | $125 |
Progressive | $1,675 | $140 |
Allstate | $2,189 | $182 |
A major factor in determining your insurance premium is how much coverage you need. MoneyGeek used the following limits for a sample full coverage policy:
Our full coverage policy includes comprehensive and collision coverage, each with a $1,000 deductible.
You can lower your insurance rate by reducing your liability limits, eliminating comprehensive and collision coverage or increasing your deductible for comprehensive, collision or both. However, you may end up with insufficient coverage in case of an accident.
You can get auto insurance quotes in Maryland online. However, you'll need to visit several websites to compare rates and provide personal information to insurers, which can take up to 15 minutes per site.
With MoneyGeek's car insurance calculator, you can quickly estimate your auto insurance online without providing personal data. Use this information as a starting point to search for the most affordable options.
MoneyGeek's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Dec 24, 2024
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Age greatly impacts car insurance rates. Kemper offers the lowest costs for male teens, GEICO for female teens and seniors and Nationwide for young adults.
Cheapest for teens: Kemper and GEICO
Cheapest for young adults: Nationwide
Cheapest for seniors: GEICO
In Maryland, the most affordable insurance providers for teen drivers on a family policy are:
State Farm offers the most expensive rates, with annual premiums of $3,745 for male teens and $3,038 for female teens. Insurance costs decrease as teens get older, with 19-year-olds paying the lowest rates.
Adding a teenager to a family policy can save up to $3,333 compared to buying an individual policy. Teens under 18 cannot purchase auto insurance without a parent or guardian co-signing.
GEICO | $1,668 | $6,219 |
Kemper | $1,827 | $4,664 |
Progressive | $1,860 | $3,959 |
Nationwide | $2,281 | $4,746 |
Allstate | $2,436 | $6,324 |
Travelers | $2,612 | $5,489 |
State Farm | $3,038 | $4,161 |
On average, car insurance rates for male teens tend to be significantly more expensive than for female teens due to their higher risk of accident frequency. This rate difference is not as notable when drivers reach their 20s and beyond. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Taking advantage of young driver discounts can save families money on car insurance. Insurers, such as Allstate and GEICO, offer discounts to good students and students studying away from home.
These companies offer the best car insurance rates for young adults in Maryland:
Allstate charges drivers in their 20s the most for car insurance at an average of $2,206 annually.
Auto insurance is usually more expensive for drivers in their 20s than for middle-aged drivers. For example, a policy for a young adult driver in Maryland costs up to $244 more than for a 40-year-old driver.
Nationwide | $1,511 | $126 |
Travelers | $1,590 | $133 |
State Farm | $1,641 | $137 |
Progressive | $1,697 | $141 |
GEICO | $1,725 | $144 |
Kemper | $1,730 | $144 |
Erie | $1,864 | $155 |
Allstate | $2,206 | $184 |
The following companies offer the cheapest car insurance for senior drivers in Maryland:
The highest car insurance rates for seniors come from Allstate, at approximately $2,438 per year.
Car insurance costs are slightly higher for senior drivers in Maryland than for middle-aged drivers, which isn't the norm. A full coverage policy is about $139 more for seniors than for those in their 30s to 50s. Car insurance rates increase as you reach your 70s.
GEICO | $1,358 | $113 |
State Farm | $1,375 | $115 |
Nationwide | $1,402 | $117 |
Erie | $1,440 | $120 |
Progressive | $1,498 | $125 |
Travelers | $1,764 | $147 |
Kemper | $1,847 | $154 |
Allstate | $2,438 | $203 |
Many insurance companies offer senior citizens discounts on their car insurance. You can also compare quotes from multiple insurers to find the best rate for your profile and individual needs.
State Farm offers the cheapest car insurance in Maryland for drivers with speeding tickets, at-fault accidents or DUIs. Nationwide is the most affordable for drivers with low credit scores, while Travelers provides the best rates for sports car drivers.
Cheapest after a ticket: State Farm ($1,445 per year)
Cheapest after an accident: State Farm ($1,627 per year)
Cheapest after a DUI: State Farm ($1,445 per year)
Cheapest for poor credit: Nationwide ($1,572 per year)
Cheapest for sports cars: Travelers ($1,257 per year)
The following companies offer the cheapest full coverage policies for those who have speeding tickets in Maryland:
Allstate is the most expensive auto insurance provider for those with a speeding ticket, charging $2,448 a year. Speeding tickets in Maryland can increase your insurance premium by $291.
State Farm | $1,445 | $120 |
GEICO | $1,531 | $128 |
Nationwide | $1,596 | $133 |
Erie | $1,628 | $136 |
Progressive | $1,694 | $141 |
Travelers | $1,931 | $161 |
Kemper | $2,068 | $172 |
Allstate | $2,448 | $204 |
You can find affordable full coverage car insurance from these companies in Maryland if you're at fault in an accident:
With an annual premium of approximately $3,029, Allstate is the most expensive auto insurance company in Maryland for drivers who are at fault for an accident. Getting into a car accident in Maryland and being at fault can result in an increase of $724 in your annual premium.
State Farm | $1,627 | $136 |
Nationwide | $1,961 | $163 |
Travelers | $2,017 | $168 |
Erie | $2,044 | $170 |
GEICO | $2,052 | $171 |
Progressive | $2,105 | $175 |
Kemper | $2,972 | $248 |
Allstate | $3,029 | $252 |
Drivers with clean motor vehicle records should consider adding accident forgiveness coverage to their policy. With it, they won't see a policy increase after their first at-fault accident. Many auto insurance companies in Maryland have this optional coverage available, including GEICO and Progressive, which may award it for free for safe driving habits. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
The following are the most affordable full coverage car insurance options for Maryland drivers with a DUI:
A Kemper policy costing approximately $4,031 a year is the most expensive option for Maryland drivers with a DUI. If you have a DUI on your record, your annual premium can increase by about $686.
State Farm | $1,445 | $120 |
Erie | $1,628 | $136 |
GEICO | $1,697 | $141 |
Progressive | $1,868 | $156 |
Allstate | $2,198 | $183 |
Travelers | $2,243 | $187 |
Nationwide | $2,390 | $199 |
Kemper | $4,031 | $336 |
In Maryland, the following companies offer the lowest auto insurance rates for drivers with poor credit scores (below 580):
On average, Erie offers the highest car insurance rates for drivers with poor credit at around $3,281 per year. Full coverage car insurance in Maryland for drivers with poor credit costs an average of $922 more than for drivers with good credit scores (above 750).
Nationwide | $1,572 | $131 |
Progressive | $1,941 | $162 |
GEICO | $2,080 | $173 |
Kemper | $2,376 | $198 |
Travelers | $2,615 | $218 |
State Farm | $2,729 | $227 |
Allstate | $2,797 | $233 |
Erie | $3,281 | $273 |
Insurance companies use your credit data to calculate a credit-based insurance score, which affects your rates. Poor credit leads to higher rates because insurers see you as more likely to file a claim. In Maryland, insurers can use credit data to set rates.
Improving your credit score over time can help lower your insurance rates. In the meantime, save money by taking advantage of available discounts.
Maryland sports car owners can find the most affordable car insurance rates from:
Progressive offers the most expensive policy for sports cars, with a premium of $2,294 per year. The cost to insure a sports car in Maryland is $134 more than to insure a Toyota Camry.
Travelers | $1,257 | $105 |
Nationwide | $1,406 | $117 |
GEICO | $1,436 | $120 |
State Farm | $1,537 | $128 |
Kemper | $1,554 | $130 |
Allstate | $1,968 | $164 |
Progressive | $2,294 | $191 |
MoneyGeek used a Ford Mustang for this analysis, but insurance quotes can vary widely depending on the model. Luxury, electric and sports car insurance is usually more expensive than other vehicle types.
USAA offers the cheapest car insurance at $823 annually. It serves military members, veterans and their families, providing top service nationwide.
Several factors impact car insurance rates in Maryland, including location. Areas with higher theft, vandalism and accident rates often have higher premiums.
Nationwide is the cheapest in Columbia, averaging $1,124 per year. In Baltimore, Travelers offers the most affordable full coverage at $1,730. Rates can vary by location, even with the same provider.
Baltimore | Travelers | $1,730 |
Columbia | Nationwide | $1,124 |
Drivers in Maryland must carry bodily injury and property damage liability coverage, uninsured motorist and personal injury protection (PIP).
Maryland law requires you to have bodily injury liability, property damage liability, uninsured motorist coverage and personal injury protection. Despite being affordable, this type of policy does not provide adequate coverage in case of at-fault accidents because it does not cover damage to your vehicle, and the minimum required liability limits are low.
We recommend purchasing as much liability coverage as you can afford to ensure your best protection.
Drivers in Maryland must carry a minimum of $30,000 in bodily injury liability per person and $60,000 in bodily injury liability per accident. Your bodily injury coverage pays for any injuries you cause through negligence. Your insurance company will only cover the amount specified by your policy. It is your responsibility to pay extra costs if they arise.
Maryland requires $15,000 in property damage liability per accident. Damage to other people's property is covered, not damage to your car.
Uninsured motorist coverage pays for damages you incur if hit by a driver without insurance. It also covers hit-and-runs. You must have $30,000 bodily injury per person, $60,000 per accident and $15,000 per accident for property damage.
Personal injury protection (PIP) is required in Maryland, but drivers can choose from full or limited coverage. It may provide benefits for medical and hospital costs and disability.
MoneyGeek strongly recommends that you obtain bodily injury liability limits of $100,000 per person, $300,000 per accident and $100,000 for property damage liability.
If you finance or lease your car, you may need comprehensive and collision insurance. These cover damage to your car in the event of a collision, an off-road incident, vandalism or theft.
Even if it is not legally required, having full coverage insurance might be a good idea when driving a valuable car.
Under Maryland law, drivers must carry insurance for their vehicles, even if they don't drive them. Maryland Auto Insurance provides insurance to people who cannot get standard policies due to their records or claims history. Unfortunately, drivers do not have an alternative to liability insurance in Maryland.
MoneyGeek has answered some common questions to help you understand car insurance costs and quality in Maryland.
State Farm has the cheapest minimum coverage, while Nationwide has the most affordable full coverage policy in Maryland. State Farm is also the cheapest for drivers with speeding tickets, accidents or DUIs. The average cost of car insurance in Maryland is $1,502 annually.
State Farm’s minimum coverage policy is a good option if affordability is your main concern, but it may not cover accident-related expenses. For a balance of cost and service quality, consider Erie, which offers the overall best car insurance in Maryland.
You may need an SR-22 on file in Maryland after a license suspension for a severe offense, such as a DUI. It proves you have the required car insurance to drive legally in the state.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.