Cheap Maryland Auto Insurance in 2024 (Cash Savings With These 10 Companies)

When seeking for the cheap Maryland auto insurance, our top pick overall is Travelers, known for its comprehensive coverage and competitive rates.

With so many drivers on the road and extensive road space in Maryland, understanding auto insurance is crucial to ensure you have the right auto liability coverage.

This is essential for any driver to stay protected and compliant on the roads.

Our Top 10 Company Picks: Cheap Maryland Auto Insurance

Before you learn more, see how easy it is to find affordable Maryland auto insurance. Enter your ZIP code above for fast, free Maryland auto insurance quotes.

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#1 – Travelers: Top Overall Pick

Pros

• Competitive Rates: Offers some of the lowest premiums for cheap Maryland auto insurance, starting as low as $55 per month, making it highly affordable for eligible members. This ensures substantial savings for those who qualify.
• Comprehensive Coverage: Includes extensive coverage options such as roadside assistance, rental reimbursement, and accident forgiveness. Known for offering a variety of policies that cater to different needs, providing robust protection without sacrificing affordability.
• Customer Satisfaction: High satisfaction ratings from customers, indicating reliable and responsive service. Consistently rated highly in customer service surveys, making it a top choice for those seeking cheap Maryland auto insurance.

Cons

• Limited Agent Availability: Coverage may be limited in areas with fewer local agents, making it harder to get personalized service. This can be a drawback for those preferring face-to-face interactions when shopping for cheap Maryland auto insurance.
• Bundling Requirement: May require bundling with other insurance types to access the best discounts, limiting flexibility. This might not be suitable for those who only need cheap Maryland auto insurance. Look for more details through our Travelers insurance review.

#2 – State Farm: Best for Student Savings

Pros

• Student Discounts: Offers excellent discounts for students, making it a top choice for young drivers looking for cheap Maryland auto insurance. Helps students and young adults save significantly on premiums.
• Local Agent Network: Large network of local agents providing personalized service and support. Ensures that customers can get help and advice easily when seeking cheap Maryland auto insurance.
• High Customer Service Ratings: Known for exceptional customer service and support. Consistently receives positive feedback in customer satisfaction surveys, enhancing the value of cheap Maryland auto insurance. Delve more through our State Farm insurance review.

Cons

• Higher Rates for High-Risk Drivers: Rates can be significantly higher for drivers with poor records. This might deter high-risk drivers from choosing State Farm for cheap Maryland auto insurance.
• Limited Coverage Areas: Certain coverage options might not be available in all areas. This could limit the flexibility for some customers seeking cheap Maryland auto insurance.

#3 – American Family: Best for Claims Service

Pros

• Claims Service: Known for exceptional claims service, ensuring a smooth and hassle-free experience. Rated highly for its efficient claims handling process, which is vital for those seeking cheap Maryland auto insurance.
• Discount Opportunities: Multiple discount opportunities available, such as for good drivers and bundling policies. Helps reduce overall insurance costs for eligible customers looking for cheap Maryland auto insurance.
• Personalized Service: Provides personalized customer service tailored to individual needs. Known for its attentive and customized approach to customer care, enhancing the experience of cheap Maryland auto insurance.

Cons

• Limited Availability: Coverage is not available in all states, potentially restricting access. This could be a limitation for customers moving to different states seeking cheap Maryland auto insurance.
• Higher Rates Without Discounts: Can be more expensive without taking advantage of available discounts. This might make it less attractive for those who don’t qualify for discounts on cheap Maryland auto insurance. Discover more through our American Family insurance review.

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#4 – Auto Owners: Best for Accident Forgiveness

Pros

• Accident Forgiveness: Good accident forgiveness policies help keep rates stable after a claim. Beneficial for drivers concerned about rate increases after an accident, especially when seeking cheap Maryland auto insurance.
• Coverage Options: Wide range of coverage options to suit different needs. Includes unique add-ons and endorsements for comprehensive protection, making it a strong choice for cheap Maryland auto insurance.
• Customer Satisfaction: High customer satisfaction ratings, indicating reliable service. Frequently praised for its responsive and helpful customer service, which is important for cheap Maryland auto insurance. Learn more through our “Auto-Owners Auto Insurance Review”.

Cons

• Agent Requirement: Policies must be purchased through agents, which may be less convenient. This could be a drawback for those preferring online transactions when buying cheap Maryland auto insurance.
• Limited Online Services: Fewer online tools and resources compared to some competitors. This might be inconvenient for tech-savvy customers who prefer managing their cheap Maryland auto insurance policies digitally.

#5 – Progressive: Best for Online Management

Pros

• Online Management: Excellent online management tools for easy policy access and updates. Highly convenient for tech-savvy customers seeking cheap Maryland auto insurance.
• Snapshot Program: Offers discounts through the Snapshot program for safe driving. This incentivizes safe driving and can lead to substantial savings on cheap Maryland auto insurance.
• Competitive Rates for High-Risk Drivers: Often provides competitive rates for high-risk drivers. This makes it an attractive option for those with less-than-perfect driving records looking for cheap Maryland auto insurance. Find out more through our Progressive insurance review.

Cons

• Inconsistent Customer Service: Customer service experiences can vary widely. This inconsistency can lead to dissatisfaction for some customers seeking cheap Maryland auto insurance.
• Rate Increases: Rates may increase significantly after the first policy term. This can be a deterrent for long-term customers looking for stable pricing on cheap Maryland auto insurance.

#6 – The Hartford: Best for Exclusive Benefits

Pros

• Exclusive AARP Benefits: Offers exclusive benefits for AARP members, enhancing value. These benefits include unique discounts and coverage options tailored to older drivers seeking cheap Maryland auto insurance.
• Customer Service: Known for excellent customer service and support. Consistently receives high ratings for its customer care and assistance, important for cheap Maryland auto insurance.
• Discount Availability: Multiple policy discounts available to help reduce premiums.

Cons

• Higher Rates for Young Drivers: Rates tend to be higher for younger drivers. This might make it less competitive for young and new drivers seeking cheap Maryland auto insurance. You may visit in “Cancellation of Auto Insurance Policy with The Hartford”.
• Limited to AARP: Primarily available to AARP members, limiting accessibility. This restriction excludes non-AARP members from accessing their services for cheap Maryland auto insurance.

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#7 – Geico: Best for Good Drivers

Pros

• Competitive Rates: Known for competitive rates, especially for good drivers. Often offers lower premiums compared to other major insurers, making it ideal for cheap Maryland auto insurance.
• Mobile App: Highly-rated mobile app for easy policy management. The app offers features like digital ID cards and quick access to policy details, enhancing the experience of cheap Maryland auto insurance.
• Easy Online Processes: Simple online quote and claims processes. Makes it convenient for customers to handle their insurance needs without hassle, essential for cheap Maryland auto insurance.

Cons

• Limited Coverage for High-Risk Drivers: Fewer options for high-risk drivers. This might make it less suitable for those with poor driving records seeking cheap Maryland auto insurance.
• Less Personal Service: Customer service can be less personal compared to local agents. This could be a drawback for those who prefer face-to-face interactions when shopping for cheap Maryland auto insurance. Read more through our Geico insurance review.

#8 – Farmers: Best for Customizable Policies

Pros

• Customizable Policies: Offers highly customizable policies to meet individual needs. Allows customers to tailor their coverage to fit specific requirements, ideal for cheap Maryland auto insurance.
• Discount Opportunities: Multiple discount opportunities, including bundling and good driver discounts. Helps reduce overall insurance costs for eligible customers seeking cheap Maryland auto insurance.
• Financial Ratings: Strong financial ratings with an A from A.M. Best, ensuring reliability and trustworthiness. Indicates the company’s strong financial health, crucial for cheap Maryland auto insurance. Read more through our Farmers auto insurance review.

Cons

• Higher Rates: Rates can be higher compared to some competitors. This might make it less attractive for price-sensitive customers looking for cheap Maryland auto insurance.
• Limited Online Tools: Fewer online tools for policy management compared to other providers. This could be inconvenient for those who prefer digital management of their cheap Maryland auto insurance policies.

#9 – Liberty Mutual: Best for 24/7 Support

Pros

• 24/7 Support: Offers 24/7 customer support for convenience. Ensures help is available anytime it’s needed, crucial for cheap Maryland auto insurance.
• Bundling Discounts: Good discounts for bundling multiple policies. Helps customers save by combining home, auto, and other insurance types, enhancing the affordability of cheap Maryland auto insurance.
• Financial Stability: Strong financial stability with an A rating from A.M. Best, ensuring reliability. Provides confidence to policyholders about the company’s financial health, crucial for cheap Maryland auto insurance. Read more through our Liberty Mutual auto insurance review.

Cons

• Higher Rates Without Discounts: Can be expensive without taking advantage of discounts. This might make it less competitive for those who don’t qualify for discounts on cheap Maryland auto insurance.
• Varying Customer Satisfaction: Customer satisfaction can vary significantly by region. This inconsistency can lead to mixed experiences for customers seeking cheap Maryland auto insurance.

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#10 – Allstate: Best for Customer Service

Pros

• Customer Service: Known for excellent customer service and support. Frequently praised for its responsive and helpful customer care, important for cheap Maryland auto insurance.
• Financial Stability: Strong financial stability with an A+ rating from A.M. Best, ensuring reliability. Gives peace of mind to policyholders about the company’s ability to pay out claims, crucial for cheap Maryland auto insurance.
• Discount Availability: Multiple discounts available to help reduce premiums. Includes discounts for safe driving, bundling policies, and more, making it attractive for cheap Maryland auto insurance. Read more through our Allstate insurance review.

Cons

• Higher Rates: Premiums can be higher compared to other insurers. This might make it less appealing for cost-conscious customers seeking cheap Maryland auto insurance.
• Mixed Reviews: Customer satisfaction ratings can be mixed depending on the location. This variability can result in inconsistent experiences for those looking for cheap Maryland auto insurance.

Maryland Insurance Laws and Requirements

Along with its high insurance rates, Maryland also has some of the highest coverage requirements. The state requires that you have a minimum of $30,000 per person and $60,000 per accident in coverage for bodily injury.

Maryland Auto Insurance Monthly Rates by Coverage Level & Provider

This pays for injuries to people in the other car, or pedestrians and cyclists as well, when you are at fault in an accident.

This is only the minimum, however, so you shouldn’t necessarily get only $30,000 worth of insurance per person. Remember that in a serious accident, the cost of medical care can be incredibly high.

The state also requires all drivers with insurance to have a minimum of $15,000 in coverage for property damage liability. This would cover damages to the other person’s car or other property damaged when you are at fault in an accident.

Of course, like with all other things, you should never get just the minimum amount of required coverage. For example, if you damage a sports car or another high-value car, you could find yourself out of pocket in a hurry.

Maryland Auto Insurance Rates

A dense population and a large number of roads may make things more efficient for drivers, but this also puts a different kind of burden on the people of Maryland – a financial burden. Because of this efficiency, insurance rates in Maryland are some of the highest in the nation.

In the state of Maryland, the average auto insurance premium is more than $158 a month, trumping the national average by almost $500.

This rate is an average, however, and the price for auto insurance in major cities is even more. You will see monthly prices of about $208 in Baltimore and about $167 in Columbia.

At such a high price, it’s very important that you know what you’re getting when you purchase auto insurance so that you can get the best bang for your buck.

While many of these factors are simply based on your own driving record, two things that affect even the safest of drivers are age and gender. Additionally, the inclusion of personal injury protection (PIP) coverage can influence your overall rates.

As with most states, males typically pay significantly higher auto insurance rates than females.

Maryland, like many other states, follows a tort system when settling fault claims after accidents. This means that someone has to be found at fault for causing the accident and the insurance company responsible for that person must pay for the damages in accordance with the details agreed upon in the insurance policy. Enter your ZIP code now to compare rates.

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Maryland Driving Statistics

It’s important to be properly covered when looking at the number of crashes that occur in Maryland every year. Since 2003, the number of accidents has been pretty constant, floating at around 100,000 per year. Fortunately, the number has decreased quite a bit, from 109,130 in 2003 to 100,943 in 2007.

Still, this high accident rate is accompanied by many injuries and several fatalities. You can read our article, Most Dangerous Highways by State, to learn which highways in Maryland to be cautious of.

More than half of the people involved in a motor accident in Maryland suffer some kind of injury. Luckily, of these 51,729 people, only 615 fatal accidents occurred in 2007. Still, this is a very unfortunate number and the threat of injury, whether it’s fatal or not, is very high.

Insurance rates also go up if your vehicle is more likely to be stolen than others. In 2005, Maryland came in at 10th for the number of stolen vehicle reports, so the threat of having your car stolen is very real. The county with the most reported thefts in Maryland in Prince George’s County, with 9,743 reported thefts in 2008.

That same year, Baltimore had 2,940 reported thefts and Baltimore City had 5,518. In Baltimore, the most stolen car is the Dodge Caravan, followed by the Honda Accord and Jeep Cherokee. To protect yourself, ensure your car is locked before leaving it, and consider reviewing the types of auto insurance coverage you have.

Since insurance in Maryland can be quite costly, you should do as much research as possible before purchasing any vehicle.

Additional Automobile Insurance Resources in the State of Maryland

These official sources can help with any questions or concerns regarding Maryland insurance or driving laws, including finding affordable full coverage auto insurance. Ensuring you have the right coverage can provide peace of mind and protect you from unexpected expenses.

Discover the leading auto insurance agents across various Maryland locales, from Catonsville to Fallston, renowned for their exceptional service, competitive rates, and comprehensive coverage options.

Ready to buy Maryland auto insurance? Enter your ZIP code for free Maryland auto insurance rates from top companies today.

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