Car Insurance in Maryland

From Baltimore to Columbia, here's your guide to finding the most affordable coverage in Maryland. 

By Editorial Team, Car Insurance Land | Updated 2021

Here's the scoop on Maryland auto insurance

 

Maryland has over 6 million residents, spanning Annapolis to Baltimore to Ocean City. Each individual is very different across many factors including your driving habits and geography (i.e. the drivers around you and risks). This means that getting multiple auto insurance quotes for your individual situation is the best approach to protect yourself and save on your auto insurance. Don’t rely just on our research, use it as a starting point to find the best car insurance company for you.

Best Auto Insurance Companies in Maryland

 

The largest car insurance companies in Maryland include the below. These companies sell through a variety of channels with some focusing on online auto quotes and call centers while others selling their insurance through agents. Finding the most affordable car insurance company for you will only require getting a few free online quotes. We researched the marketplace comparing rates for a 30yr old male driving a 2019 Toyota RAV4, the most popular vehicle make in Maryland, living in Frederick.

The Top 10 Largest Car Insurance Companies in Maryland

Rank
Insurer
Premiums Written (in $ mil.)

Geico

State Farm

Allstate

USAA

Erie

Progressive

Nationwide

Liberty Mutual

Travelers

Agency Insurance Company

1
2
3
4
5
6
7
8
9
10

  $1,353.2 

  $935.8 

  $640.7 

  $482.4 

  $440.6 

  $412.8 

  $313.2 

  $174.0 

  $102.7 

  $55.4

Full Coverage - Geico offers the most affordable car insurance

 

Full coverage is the most popular coverage as it protects both you and your vehicle. We sampled top insurance companies both big and small with the most common liability limits of 50,000/100,000/50,000 and $1000 deductibles for both comprehensive and collision.

 

We found that GEICO offers the cheapest car insurance. You can save more than $500 annually compared to many other carriers. Given their competitive rates, it is no surprise that they are also the largest car insurance company in Maryland, many of your neighbors think they are the best insurance company for them.

Best Maryland Full Coverage Car Insurance

Rank
Insurer
6-Month Premium

GEICO

Progressive

Travelers

Nationwide

AAA Insurance

Elephant

1
2
3
4
5
6

$338

$445

$450

$630

$678

$744

Liability only coverage can save you around 40% versus full coverage, GEICO is the cheapest.

 

Depending on your vehicle value, you may choose liability only coverage (meaning not electing comprehensive and collision insurance). The findings were similar with savings being about 40% for each company based on our research.

 

Geico was the most affordable again. Progressive and Travelers were also very affordable and we recommended getting a free auto insurance quote from them too.

Best Maryland Liability Only Car Insurance Coverage

Rank
Insurer
6-Month Premium

GEICO

Progressive

Travelers

Nationwide

AAA Insurance

Elephant

1
2
3
4
5
6

$210

$276

$270

$365

$407

$469

Travelers offers the cheapest insurance if you have an at fault accident. Geico and Progressive also are very affordable. 

Accidents happen, about 10% of drivers have an accident each year and your premium can be impacted. Our analysis shows an accident can raise your full coverage premium by several hundred dollars, making shopping for the cheapest insurance very important. The best insurance companies don’t overreact to your accident and overcharge you, many offer accident forgiveness.

 

We found a wide range of premiums with Travelers being the cheapest, followed closely by several other insurers including GEICO and Progressive. These three should be on your shortlist to get a personalized quote, they may save you hundreds of dollars.

Best Maryland Full Coverage Car Insurance If You Have Accidents

Rank
Insurer
6-Month Premium

Travelers

GEICO

Progressive

Elephant

State Auto

1
2
3
4
5

$456

$513

$545

$906

$1,506

Progressive offers the cheapest insurance if you have a violation like a speeding ticket. 

 

Many of us have had a speeding ticket or another violation at one point. The increase to your premium likely won’t be as severe as an accident, but can still be costly so shopping to get the most affordable car insurance is important. 

 

Progressive offers the best rates if you have a violation. Geico and Travelers are also very affordable and rise to the top of the best insurance companies. It is important to shop around and then make sure to get a new quote once the violation is three years old. Note: Most states allow insurers to charge for violations if within 3 years.

Best Maryland Full Coverage Car Insurance If You Have Violations

Rank
Insurer
6-Month Premium

Progressive

GEICO

Travelers

Liberty

Nationwide

Elephant

State Auto

1
2
3
4
5
6
7

$463

$488

$516

$828

$888

$1,014

$1,242

Geico offers the cheapest insurance for teenagers.


Insurance for teenagers can be very expensive as they aren’t always the most responsible drivers. Like the other segments we researched, both Geico and Progressive provide the best savings, saving you over $1000 per 6 months versus other insurers. Several companies are not offering online quotes for teenagers, so you may need to call several insurers to make sure you find the best car insurer for you.

Best Maryland Full Coverage Car Insurance for Teenagers

Rank
Insurer
6-Month Premium

GEICO

Progessive

1
2

$1,287

$1,452

What you'll need to get a car insurance quote and purchase a policy?​

 

Before you start looking for vehicle insurance, you'll need a few pieces of information in order to receive an accurate quotation, such as the:
 

  •  Make, model, and year of your vehicle 

  • Your driving record: Giving an honest account of any fines or accidents you've had can improve the accuracy of your quotation.

  • The mileage of your vehicle: Some insurers will want information to obtain an idea of how frequently you drive.

How to Compare Automobile Insurance Rates

Getting a few quotes from different providers and comparing rates and coverages is the best method to shop for auto insurance. Keep these four things in mind as you go:

 

  • Deductible - The greater your deductible, the cheaper your rate. However, be sure your deductible isn't so high that you can't afford to pay for repairs before your insurance kicks in. For comprehensive, collision, and gap coverages, you'll usually have to pay a deductible.

 

  • Types of coverage - A liability-only insurance will save you money, but it may not meet your needs. Your lender will need comprehensive and collision coverage if you lease or loan your vehicle. Some lenders may even need more liability coverage than the state minimum. Even if your automobile is paid off, if it is new, you should consider comprehensive and collision coverage to avoid paying an exorbitant repair cost yourself. Learn more about popular vehicle insurance policies.

 

  • Coverage limitations - This is the maximum amount your insurance will pay for physical injury or property damage. Selecting your state's minimal liability coverage will lower your rate, but it may not be enough to pay the amount owed to the injured person. To obtain a sense of how high you should set your limits, use a coverage calculator.

 

  • Premium - This is your bottom line – the precise cost of your insurance each payment cycle (options for payment frequency will vary). If you already know the coverages and deductibles you want, make sure each quotation includes them so you can compare apples to apples. If not, you may alter each quotation to observe how your pricing changes as more coverage is added.