Average Cost of Auto Insurance in Maryland (2021 rate)

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In Maryland, the average cost of auto insurance is $ 767 per year for state minimum liability limits and $ 1,877 per year for full coverage. Insurance coverage is a requirement in Maryland to register a vehicle and must be maintained to keep the car labeled. Average auto insurance rates in Maryland are not the same across the board. For example, some cities may have more options for cheap auto insurance coverage with the best companies.

How Much Does Auto Insurance Cost in Maryland?

One factor that determines how much you pay per month or per policy period for auto insurance is where you live. Maryland drivers pay $ 1,877 per year for full coverage. Although rates are higher in Maryland than the average cost of auto insurance in the United States, which is $ 1,674 per year for full coverage, there are ways to keep rates low. Searching for quotes or changing operators can help you find the best company and the best premiums for you. Your age, driving record, type of car, travel time, and credit rating can also be deciding factors that help determine your auto insurance rates.

Maryland Auto Insurance Rates By Company

Each Maryland auto insurance company sets their own rates, which will change based on your driving profile, where you live, and what coverage you need. Some companies offer the cheapest fares, while others offer other incentives that could make paying a higher premium more attractive to the right driver. The table below shows the average rates for minimum liability and full coverage based on the same driver profile so you can see the difference between auto insurance premiums.

Auto insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Allstate $ 883 $ 1,778
Donegal $ 767 $ 2,217
Erie $ 660 $ 1,881
Geico $ 641 $ 1,627
Maryland Auto Insurance $ 1,364 $ 4,033
MetLife $ 837 $ 2,432
At national scale $ 553 $ 1,232
Penn National $ 738 $ 1,525
Progressive $ 874 $ 1,696
State farm $ 920 $ 2,007
United States $ 604 $ 1,574

Maryland Auto Insurance Rates by City

The rates below represent the top 20 cities by population in Maryland. As noted, the zip code you live in can make a difference in the amount you might expect to pay on average for auto insurance.

City Average annual premium for full coverage % difference from the average annual state premium
Baltimore $ 2,772 48%
Silver spring $ 2,027 8%
Rockville $ 1,810 -4%
Colombia $ 1,847 -2%
Germantown $ 1,816 -3%
Gaithersburg $ 1,842 -2%
Upper Marlboro $ 2,149 14%
Waldorf $ 2,027 8%
Dundalk $ 2,531 35%
Bethesda $ 1,743 -7%
Frederick $ 1,546 -18%
City of Ellicott $ 1,913 2%
Glen burnie $ 2,000 7%
Annapolis $ 1,776 -5%
Towson $ 2,378 27%
Hyattsville $ 2,406 28%
Bowie $ 2,041 9%
Potomac $ 1,772 -6%
North Bethesda $ 1,747 -7%
Essex $ 2,370 26%

Maryland Auto Insurance Rates by Age

Your age can impact your auto insurance rates in all states, especially in Maryland. According to the average annual cost of premiums for drivers in Maryland, people aged 50 and 60 tend to spend the least on auto insurance, while those under 20 can expect to pay the most.

* 16 years calculated on the disclosure of the parents’ policy.

Maryland Auto Insurance Rates by Driving Record

Maintaining a clean driving record in Maryland is a great way to reduce auto insurance costs. Auto insurance rates are based on your driving profile, which means that getting a ticket or an accident at fault could increase dramatically. Getting a DUI could increase average auto insurance costs by over 50% due to the severity of the risk.

Driving incident Average Annual Full Coverage Premium in Maryland % increase in average annual premium
Speeding $ 2,193 16%
Accident $ 2,625 33%
DUI $ 3,345 56%

How To Save On Auto Insurance In Maryland

If you are looking to keep the price you pay for auto insurance low, there are several ways you can save money in Maryland. Consider these savings tips to get the best price for auto insurance in your Maryland city.

  • Package with the house: If you own a home or a condo, you can usually take advantage of one of the highest discount percentages available, the multi-policy discount. Renters can also take advantage of a multi-policy discount by bundling their tenant insurance with auto. However, the discount is generally lower than that of home insurance plans.
  • Check your mileage: If you drive less than 11,500 miles per year, which is the average for Americans, you could get lower rates on auto insurance. Not all companies offer mileage discounts, but some do and others may even offer pay-per-kilometer policies if you don’t drive a lot, which could further reduce the amount you pay for auto insurance. from Maryland.
  • Get rewarded for good driving habits: If you tend to be a safe driver by avoiding quick acceleration and hard braking, you could be rewarded for your habits. Most auto insurance companies offer usage-based telematics programs, which involve plugging a device into your car or using your smartphone to track your movements.
  • Compare the prices: Another way to save money on car insurance in Maryland is to seek quotes. Be sure to compare the same coverage with different auto insurance companies to see which company offers the best coverage for the best price. By doing this every year or just before your policy renews, you could save money without sacrificing coverage.
  • Benefit from discounts: Most auto insurance companies offer a number of discounts and many of them are stackable, which can add up when you take advantage of all the discounts you are entitled to. Discounts on safety features, good students, safe driving, crash-free, and affinity group membership are just a few of the ways you could potentially save money on auto insurance in Maryland.

Frequently Asked Questions

How Much Does Car Insurance Cost Per Month in Maryland?

While rates vary based on zip code, driving profile, coverages, and vehicle type, the average cost of auto insurance in Maryland is around $ 156 per month for full coverage and $ 64. $ per month for state minimum liability auto insurance coverage.

How Much Car Insurance Do I Need in Maryland?

The minimum amount of liability coverage required in Maryland is $ 30,000 for bodily injury per person, $ 60,000 for accidental bodily injury and $ 15,000 for property damage. The same minimums of liability are required for uninsured and underinsured motorists. Personal Injury Protection (PIP) is required for a minimum amount of $ 2,500 per person, but you can sign a waiver if you do not want PIP insurance.

Why is Maryland auto insurance so high?

Population density, the number of accidents, thefts and vandalism, and weather-related events can all contribute to making Maryland’s auto insurance premiums higher than in other states. Maryland is also home to many popular cities, such as Baltimore and Salisbury. According to the Insurance Information Institute, metropolitan areas are also likely to have higher auto insurance rates.

How can I make my insurance cheaper in Maryland?

There are many waves for saving on auto insurance in Maryland. For example, if you have an older car, you may want to consider removing full coverage if you can afford the cost of repairing your car or replacing it out of pocket. You can also increase your deductible to lower the premium, but make sure you can afford the higher deductible if you need to file a claim. Maintaining a high credit score will also allow you to get cheaper premiums in Maryland.

Methodology

Bankrate uses Quadrant Information Services to analyze 2021 rates for all zip codes and carriers in all 50 states and Washington, DC Rates shown are based on a 40 year old male and female driver with a clean driving record, credit and the following comprehensive coverage limits:

  • $ 100,000 liability for bodily injury per person
  • $ 300,000 in civil liability for bodily injury per accident
  • Civil liability for property damage of $ 50,000 per accident
  • $ 100,000 in bodily injury caused by an uninsured motorist per person
  • $ 300,000 in uninsured bodily injury per accident to a motorist
  • $ 500 collision deductible
  • Global deductible of $ 500

To determine the minimum coverage limits, Bankrate used minimum coverage that meets the requirements of each state. Our basic profile drivers own a 2019 Toyota Camry, commute five days a week and cover 12,000 miles a year.

Age: The rates were calculated by evaluating our baseline profile with ages 18-60 (baseline: 40) applied.

Incident: The rates were calculated by evaluating our basic profile with the following incidents applied: clean criminal record (basic), responsible accident, single speeding ticket, single conviction for driving while intoxicated and forfeiture of coverage.


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