Cheap Car Insurance in Maryland for 2024 (10 Most Affordable Companies)

Travelers, State Farm, and American Family are the top picks for cheap car insurance in Maryland, excelling in affordability and coverage options.

These providers offer comprehensive protection tailored to meet diverse needs, making them standout choices for Maryland drivers. Their competitive rates and reliable customer service ensure that you can secure quality insurance without overspending. Learn more in our article titled, “Best Car Insurance for Veterans in Maryland.”

Our Top 10 Company Picks: Cheap Car Insurance in Maryland

Whether you’re looking for basic coverage or more extensive options, these companies provide the best solutions for budget-conscious drivers in Maryland.

Use our free quote comparison tool above to find the cheapest coverage in your area.

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#1 – Travelers: Top Overall Pick

Pros

• Affordable Premiums: Travelers offers the lowest monthly premium of $55 for cheap car insurance, making it a cost-effective option for Maryland residents seeking budget-friendly coverage.
• Accident Forgiveness: Travelers offers an accident forgiveness program in Maryland, ensuring that a single accident won’t lead to a premium increase, helping drivers maintain affordable rates.
• Roadside Assistance: Available for Maryland drivers, this service ensures help is accessible in emergencies, such as flat tires, towing, or lockouts, providing peace of mind on the road. Read more in our detailed article titled, “How can I pay my Travelers insurance premium?“

Cons

• Limited Local Agents: Travelers has fewer local agents in Maryland, which could result in less personalized service and face-to-face interaction, making it harder for some customers to receive tailored advice.
• Complex Digital Tools: Some customers in Maryland find the online tools and mobile app difficult to use, which can complicate policy management and accessing information.

#2 – State Farm: Best for Local Agents

Pros

• Affordable Rates: State Farm offers competitive monthly premiums starting at $57, making it a viable option for Maryland residents looking for cost-effective coverage. Read more in our full review on our article titled, “State Farm Insurance Review & Ratings.”
• Drive Safe & Save Program: This usage-based insurance program allows Maryland drivers to save on premiums based on their driving habits, encouraging safer driving and rewarding responsible behavior.
• Efficient Claims Handling: Known for its reliable and straightforward claims process, State Farm ensures that Maryland drivers receive quick and fair claim settlements, minimizing stress after an accident.

Cons

• Moderate Financial Rating: State Farm’s B rating from A.M. Best may be a concern for Maryland drivers looking for the highest levels of financial reliability, potentially affecting confidence in long-term stability.
• App Usability Issues: Some Maryland customers report difficulties with the functionality of State Farm’s mobile app, leading to challenges in managing policies and filing claims on the go.

#3 – American Family: Best for Claims Service

Pros

• Top-Notch Claims Support: American Family is renowned for its excellent claims service, offering Maryland drivers prompt and supportive assistance during the claims process, ensuring quick and fair settlements.
• Reasonable Premiums: Starting at $62 per month, American Family offers competitive rates, providing Maryland drivers with an affordable option for comprehensive car insurance.
• Safe Driver Discounts: American Family provides incentives for Maryland drivers who maintain a clean driving record, rewarding safe driving behaviors with lower premiums. Learn more about AmFam in our article titled, “What types of car insurance coverage does American Family Insurance offer?“

Cons

• Limited Availability: American Family’s services are not available in all parts of Maryland, which may limit access for some residents looking for this insurer’s offerings.
• Fewer Discounts: Compared to other providers, American Family offers fewer discount opportunities, potentially making it less attractive for Maryland drivers seeking multiple ways to reduce their premiums.

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#4 – AAA: Best for Roadside Assistance

Pros

• Highly-Rated Roadside Assistance: AAA is widely recognized for its dependable roadside assistance, providing Maryland drivers with reliable help for breakdowns, flat tires, and other roadside emergencies.
• Comprehensive Insurance Options: AAA offers a broad range of coverage options, making it a suitable choice for Maryland drivers looking for both basic and comprehensive protection.
• Established Reputation: With a long-standing history in the industry, AAA is a trusted name in Maryland, known for reliability and excellent customer service. Discover insights in our article titled, “AAA Insurance Review & Ratings.”

Cons

• Higher Premium Rates: AAA’s monthly premiums start at $63, which may be higher than other budget options available to Maryland drivers, potentially limiting its appeal to cost-conscious customers.
• Limited Digital Capabilities: Some Maryland customers may find AAA’s lack of advanced digital tools and online features less convenient, particularly for policy management and claims filing.

#5 – Progressive: Best for Coverage Options

Pros

• Diverse Coverage Options: Progressive provides a wide array of coverage choices, making it ideal for Maryland drivers with varying insurance needs, from basic liability to comprehensive coverage. Unlock details in our article titled, “Progressive Insurance Review & Ratings.”
• Snapshot Usage-Based Program: Progressive’s Snapshot program allows Maryland drivers to lower their premiums based on real-time driving data, promoting safe driving and offering potential savings.
• Strong Financial Health: An A+ rating from A.M. Best indicates Progressive’s robust financial standing, providing Maryland policyholders with confidence in the company’s long-term viability.

Cons

• Higher Starting Premiums: Compared to some other insurers, Progressive’s initial rates may be higher, potentially making it less attractive to Maryland drivers seeking the lowest possible premiums.
• Variable Claims Processing Times: Some Maryland customers have reported variability in the speed and efficiency of Progressive’s claims processing, which could lead to dissatisfaction in handling claims.

#6 – Erie: Best for Personalized Policies

Pros

• Tailored Coverage Options: Erie excels in offering personalized policies, allowing Maryland drivers to customize their coverage to match their specific needs, from liability to full coverage.
• Accident Forgiveness: Erie offers accident forgiveness in Maryland, helping to keep premiums stable even after a driver’s first at-fault accident, which benefits long-term customers.
• Discounts for Young Drivers: Erie offers discounts specifically for young Maryland drivers, making it a popular choice for families with teenage drivers seeking affordable coverage. Access comprehensive insights into our article titled, “Bundling Home and Auto Insurance With Erie.”

Cons

• Fewer Online Tools: Erie’s digital presence is less robust compared to other insurers, which may be a disadvantage for Maryland customers who prefer managing their policies online.
• Higher Rates for Optional Coverages: Adding optional coverage features, such as rental car reimbursement or enhanced roadside assistance, can result in higher premiums for Maryland drivers.

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#7 – Geico: Best for Senior Discounts

Pros

• Senior Discounts: Geico offers specific discounts for senior drivers in Maryland, making it an attractive option for older drivers looking to save on their premiums. Discover more about offerings in our article titled, “Geico Auto Insurance Review.”
• Easy Online Access: Geico’s user-friendly online platform and mobile app make policy management straightforward for Maryland drivers, from getting quotes to filing claims.
• Extensive Coverage Options: Geico offers a wide range of insurance coverages, catering to the diverse needs of Maryland drivers, from basic liability to comprehensive packages.

Cons

• Higher Premiums for High-Risk Drivers: Geico may charge higher premiums for Maryland drivers with less favorable driving records or previous claims.
• Potential Rate Hikes: Maryland drivers might experience rate increases after filing claims, especially if multiple claims are filed in a short period.

#8 – Farmers: Best for Safe-Driving Discounts

Pros

• Strong Financial Stability: With an A rating from A.M. Best, Farmers ensures financial security for Maryland policyholders, enhancing trust in the company’s long-term commitments.
• User-Friendly Online Tools: Farmers’ online tools and mobile app make it easy for Maryland drivers to manage their policies, pay bills, and access customer service.
• Multi-policy Discounts: Maryland drivers can save by bundling their auto insurance with other policies like home or renters insurance, reducing overall insurance costs. Check out insurance savings in our complete article titled, “Farmers Insurance Review & Ratings.”

Cons

• Higher Starting Premiums: Farmers’ monthly premiums start at $74, which may be higher than other available options for budget-conscious drivers in Maryland.
• Fewer Local Agents: The availability of local agents may be limited in some parts of Maryland, potentially reducing access to personalized service.

#9 – Liberty Mutual: Best for Add-on Coverages

Pros

• Strong Financial Standing: With an A rating from A.M. Best, Liberty Mutual provides reassurance to Maryland customers of the company’s ability to handle large-scale claims and payouts.
• Discounts for Vehicle Safety Features: Maryland drivers can benefit from discounts if their vehicles are equipped with safety features such as anti-lock brakes and air bags.
• Online Policy Management: Liberty Mutual’s digital tools allow Maryland drivers to manage their policies online easily, access customer support, and file claims. Learn more in our article titled, “Liberty Mutual Auto Insurance Review.”

Cons

• Higher Premium Rates: Starting at $96 per month, Liberty Mutual’s premiums are on the higher end, which might not be suitable for Maryland drivers seeking low-cost options.
• Potential Rate Increases: Liberty Mutual may raise rates for Maryland drivers after claims or changes in risk profile, affecting long-term affordability.

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#10 – Allstate: Best for Customer Service

Pros

• Outstanding Customer Service: Allstate is known for providing excellent customer service, offering Maryland drivers reliable support and guidance throughout their insurance experience.
• Strong Financial Rating: With an A+ rating from A.M. Best, Allstate demonstrates robust financial health, ensuring Maryland customers can trust in its claim-handling capabilities. See more details on our article titled, “Allstate Insurance Review and Ratings.”
• Comprehensive Coverage Options: Allstate offers a variety of coverage choices, including liability, collision, and comprehensive, tailored to meet the needs of Maryland drivers.

Cons

• High Premium Rates: Allstate’s monthly premiums start at $107, making it one of the more expensive options for Maryland drivers looking for budget-friendly insurance.
• Potential Rate Fluctuations: Maryland drivers might experience rate fluctuations with Allstate, particularly after claims or policy changes, affecting consistency in premium costs.

Comparing Car Insurance Costs in Maryland

Finding the right auto insurance in Maryland requires weighing costs against the coverage that meets your needs. This table highlights monthly premiums for basic and comprehensive coverage from various insurers, enabling you to compare options and make informed choices. Unlock details in our article titled, “Best Car Insurance Companies for Comprehensive Coverage.”

Maryland Car Insurance Monthly Rates by Provider & Coverage Level

The table shows notable differences in car insurance premiums among providers in Maryland. Travelers offers the most economical rates, with basic coverage available for just $55 per month and comprehensive coverage at $103, making it a top choice for cost-conscious drivers. State Farm also features competitive pricing, with basic coverage starting at $57 and comprehensive at $107.

Car Insurance Discounts From the Top Providers in Maryland

On the pricier side, Allstate’s rates are $107 for basic coverage and $201 for comprehensive coverage, which may be less appealing for those focused on saving money. These differences highlight the need to compare premiums to find the best deal. Maryland drivers can choose coverage that provides both protection and affordability.

Navigating Car Insurance Options in Maryland

Car insurance provides financial protection in the event of accidents, damage, or theft involving your vehicle. It ensures that you are not left financially burdened in case of unforeseen circumstances. Car insurance typically includes different types of coverage, such as:

• Liability Coverage: This type of coverage pays for damages you cause to others. It helps cover the medical expenses, property damage, and legal fees of the affected party.
• Collision Coverage: This coverage is specifically designed to cover damage to your vehicle in a collision, regardless of who is at fault. It helps cover the cost of repairs or, in some cases, the replacement of your vehicle.
• Comprehensive Coverage: Comprehensive coverage provides protection against non-collision-related damage or theft. It covers incidents such as vandalism, fire, natural disasters, and theft.

Each type of coverage comes with its own set of limits and deductibles. Limits refer to the maximum amount an insurance company will pay for a claim, while deductibles are the amount you must pay out of pocket before your insurance coverage kicks in.

It’s important to understand these terms and factors when choosing car insurance in Maryland. Choosing the right balance between limits and deductibles can significantly affect both your premiums and out-of-pocket expenses.

Maryland’s Car Insurance Requirements

In Maryland, drivers are required by law to carry a minimum amount of car insurance coverage. These requirements are in place to ensure that drivers have the financial means to cover expenses related to accidents and injuries. Maryland’s car insurance requirements include:

1. Bodily Injury Liability Coverage: Maryland law requires drivers to have at least $30,000 in bodily injury liability coverage per person and $60,000 per accident. This coverage helps pay for medical expenses, lost wages, and other damages suffered by individuals injured in an accident caused by the insured driver.
2. Property Damage Liability Coverage: Drivers in Maryland must have at least $15,000 in property damage liability coverage per accident. This coverage helps pay for damages to another person’s property, such as their vehicle or a fence, caused by the insured driver.
3. Uninsured Motorist Coverage: Maryland also requires drivers to have uninsured motorist coverage with a minimum limit of $30,000 per person and $60,000 per accident. This coverage protects you if you are involved in an accident with a driver who does not have insurance or does not have enough insurance to cover your damages.
4. Personal Injury Protection (PIP) Coverage: Maryland law mandates that drivers have at least $2,500 in personal injury protection coverage. PIP coverage helps pay for medical expenses, lost wages, and other related costs for you and your passengers, regardless of who is at fault in an accident.

By having these minimum coverage requirements, Maryland ensures that drivers have the necessary financial protection to handle the aftermath of accidents and injuries. It promotes responsible driving and helps safeguard the well-being of all road users. Read more in our full review of our article titled, “Best Uninsured and Underinsured Motorist Coverage.”

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Main Factors Impacting Insurance Premiums in Maryland

Age and Driving Experience

Your age and driving experience can significantly impact your car insurance rates. Younger, less experienced drivers tend to pay higher premiums due to the higher risk associated with their demographic. Insurance companies view younger drivers as higher risk, but rates decrease with experience and a clean record. Discounts are available for completing defensive driving courses or maintaining a safe driving history.

Maryland Report Card: Auto Insurance Premiums

Furthermore, the specific age brackets can also affect your insurance rates. Teenage drivers face high premiums due to inexperience and accident risk. Rates typically decrease in the twenties and thirties as drivers are seen as more responsible, but may rise again in senior years due to age-related risks. Delve into our evaluation of our article titled, “Teenage Car Insurance: Discounts and Coverage.”

Vehicle Make and Model

The make and model of your vehicle also play a role in determining your car insurance rates. Generally, newer and more expensive cars require higher insurance premiums. This is because the cost of repairing or replacing these vehicles is typically higher. Luxury cars and sports cars, for example, often come with higher insurance costs due to their higher market value and the increased likelihood of theft or vandalism.

On the other hand, certain vehicles may qualify for lower insurance rates. Some insurance companies offer discounts for vehicles equipped with safety features such as anti-lock brakes, air bags, and electronic stability control. Cars with high safety ratings and low theft rates often qualify for lower premiums. Research insurance costs for different vehicle models before buying to ensure affordability.

Driving Record and Claims History

Your driving record and claims history can have a considerable impact on your car insurance rates. Insurance companies consider factors such as accidents, traffic violations, and previous claims when calculating your premiums. Drivers with a history of accidents or speeding tickets may face higher rates compared to those with a clean driving record.

Additionally, insurance providers take into account the frequency and severity of your claims history. If you have a history of filing multiple claims or high-value claims, you may be deemed as a higher risk and may experience higher insurance rates. On the other hand, drivers with a clean claims history may be eligible for discounts or lower rates.

5 Most Common Auto Insurance Claims in Maryland

Some insurers offer accident forgiveness, preventing premium increases after a first accident. Maintaining a clean driving record and safe driving habits can lower your insurance rates and enhance road safety.

Tips to Lower Car Insurance Costs in Maryland

When it comes to finding cheap car insurance in Maryland, there are several strategies you can employ to ensure you get the best deal possible. By taking the time to compare quotes, take advantage of discounts, and maintain a clean driving record, you can save money on your car insurance premiums.

Comparison Shopping

One of the most effective ways to find cheap car insurance in Maryland is to compare quotes from multiple insurance providers. By obtaining quotes from different companies, you can compare coverage options, premiums, and discounts to find the best deal for your specific needs.

When comparing quotes, it’s important to consider not only the price but also the level of coverage offered. Some insurance policies may have lower premiums but provide less coverage, while others may have higher premiums but offer more comprehensive protection. By carefully reviewing the details of each policy, you can make an informed decision about which one offers the best value.

There are several websites and tools available that allow you to easily compare quotes from different insurance companies. These tools can save you time and help you find the most affordable coverage. Simply enter your information once, and the website will generate quotes from multiple providers, allowing you to easily compare the options side by side.

Taking Advantage of Discounts

Many insurance providers offer various discounts that can help reduce your car insurance premiums. These discounts may include good driver discounts, multi-policy discounts, or discounts for completing driver’s education courses. When obtaining quotes, make sure to inquire about any potential discounts you qualify for.

Maryland Report Card: Auto Insurance Discounts

Good driver discounts are often given to individuals who have a clean driving record and have not been involved in any accidents or received any traffic violations. By maintaining a clean driving record, you not only reduce the risk of accidents but also increase your chances of qualifying for lower insurance rates.

You can save on car insurance by bundling multiple policies, like car and homeowners insurance, with the same provider. Completing driver’s education courses can also lead to discounts, as these courses improve driving skills, making you a safer driver and lowering your rates. Learn more by reading our article titled, “Can I bundle my State Farm car insurance with other policies?”

Maintaining a Clean Driving Record

Keeping a clean driving record is crucial if you want to find cheap car insurance in Maryland. Avoiding accidents, traffic violations, and claims can help you maintain a good driving record, which can lead to lower insurance rates in the long run.

Maryland Accidents & Claims per Year by City

One way to maintain a clean driving record is by practicing defensive driving techniques. Defensive driving involves being aware of potential hazards on the road and taking proactive measures to avoid accidents. By staying alert, following traffic laws, and anticipating the actions of other drivers, you can reduce your risk of being involved in a collision.

In addition to defensive driving, taking other courses that can improve your driving skills can also help you maintain a clean record. Some insurance companies offer discounts to individuals who have completed advanced driving courses or defensive driving courses. These courses provide valuable knowledge and techniques that can make you a safer and more responsible driver.

 

Regularly reviewing your driving record for accuracy is crucial, as errors can lead to higher premiums. To find cheap car insurance in Maryland, combine comparison shopping, utilizing discounts, and keeping a clean driving record. These strategies help you save money while ensuring you have adequate coverage.

Best Low-Cost Car Insurance Options in Maryland

Travelers Review

Travelers is one of the leading car insurance providers in Maryland, known for its competitive rates and excellent customer service. They offer a variety of coverage options to fit different needs and budgets. Their online quote system makes it easy for drivers to compare rates and find the most affordable option. Read more about this provider in our guide titled, “How can I track the progress of my car insurance claim with Travelers?”

When it comes to car insurance in Maryland, affordability is key. Travelers understands this and has designed their policies to cater to the needs of budget-conscious drivers. They offer a range of coverage options, from basic liability insurance to comprehensive coverage, allowing customers to choose the level of protection that best suits their needs.

Travelers’ accident forgiveness program helps Maryland drivers maintain low premiums even after an incident.

What sets Travelers apart from other insurance providers is their commitment to customer service. Their knowledgeable agents are always ready to assist customers in finding the right coverage and answer any questions they may have. Whether it’s a simple inquiry about policy details or a complex claim situation, Travelers’ customer service team is dedicated to providing prompt and helpful assistance.

State Farm Review

State Farm prides itself on providing affordable car insurance solutions specifically tailored to Maryland drivers. With a strong local presence, they understand the unique insurance needs of residents in the state. They offer flexible payment options and discounts for safe drivers, making them a popular choice for cheap car insurance.

When it comes to car insurance, Maryland drivers want coverage that fits their specific needs. State Farm recognizes this and has developed policies that address the unique challenges faced by drivers in the state. Whether it’s navigating the busy streets of Baltimore or dealing with the unpredictable weather conditions, State Farm’s policies are designed to provide comprehensive coverage and peace of mind.

In addition to their tailored policies, State Farm offers flexible payment options to make car insurance more affordable. They understand that not everyone can pay their premium in one lump sum, so they provide convenient monthly payment plans. This allows drivers to spread out the cost of their insurance over time, making it easier to fit into their budget.

American Family Review

American Family is a trusted name in the car insurance industry, offering comprehensive coverage at competitive prices. They have a strong presence in Maryland and are known for their exceptional customer service. Their customizable policies allow drivers to choose the coverage they need while staying within their budget.

When it comes to car insurance, Maryland drivers want both quality coverage and affordability. American Family understands this and has developed policies that strike the perfect balance. They offer a range of coverage options, from basic liability insurance to comprehensive coverage, allowing customers to customize their policies to fit their unique needs.

What sets American Family apart is their commitment to exceptional customer service. Their dedicated team of agents goes above and beyond to ensure that customers have a positive experience. Whether it’s helping customers understand their policy options or guiding them through the claims process, American Family’s customer service team is known for their professionalism and expertise.

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Securing Affordable Car Insurance in Maryland

In conclusion, finding cheap car insurance in Maryland is possible with careful research and comparison shopping. Understanding the basics of car insurance, knowing the state’s requirements, and considering the factors that affect car insurance rates can help you make informed decisions when choosing coverage. See more details on our article titled, “How Insurance Companies Calculate Your Car Insurance Rate.”

By following these tips and exploring the top affordable car insurance providers in Maryland, you can secure the best car insurance policy that meets both your needs and budget.

See which companies have the cheapest rates for you by entering your ZIP code in our free comparison tool below.

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