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June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 04, 2022 Compare car insurance rates Answer a few questions to discover real rates from top-tier carriers in your area. Your information is secure Compare rates Select from a variety of trusted carriers + MORE How it works Caret Down Tell us a little about yourself We'll only ask for info we're confident will impact your rate. That way, we can provide you with the most accurate and personalized offers. Choose which policy is best for you Compare your options from a list of carriers that want to get you insured. You can then move forward with as many as you'd like. Lock in your rate and policy details Once you're confident in your selected carrier, finish up the process online or on the phone with a trusted agent. And that's it! On This Page
There are many options for car insurance in Maryland, which may make it hard to know which could be best for your needs. To help simplify your search for the best car insurance in Maryland, Bankrate's insurance editorial team analyzed dozens of carriers based on factors like affordability, coverage options and customer satisfaction. Our research aims to help you find an auto insurance company that fits your needs and budget. Key takeaways Maryland drivers pay an average of $1,931 per year for full coverage car insurance, according to Bankrate's . Geico, USAA and State Farm were three of the top car insurance carriers in Maryland, based on Bankrate's in-depth analysis. Compare rates and save on auto insurance today! Get quotes Close X How Bankrate chose the best car insurance companies in Maryland
The best Maryland car insurance for your needs may be tricky to assess if you're not sure where to start. Bankrate made its selections after analyzing dozens of large and regional car insurance companies. We assessed carriers based on average premium data sourced from Quadrant Information Services as well as coverage availability and mobile app accessibility. We also considered third-party ratings from agencies like AM Best for financial strength and J.D. Power for customer satisfaction. All of this was consolidated into our Bankrate Score for a maximum score of 5 out of 5 points. Using the Bankrate Score may be useful to get a quick impression of a company, and to compare a carrier with other auto insurance companies in Maryland.
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits: $100,000 bodily injury liability per person $300,000 bodily injury liability per accident $50,000 property damage liability per accident $100,000 uninsured motorist bodily injury per person $300,000 uninsured motorist bodily injury per accident $500 collision deductible $500 comprehensive deductible To determine minimum coverage limits, Bankrate used minimum coverage that meets each state's requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually. These are sample rates and should only be used for comparative purposes.
Bankrate Scores are calculated on a five-point scale and primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider. While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores. Best car insurance companies in Maryland
Based on our extensive research and systematic scoring categories, Bankrate's insurance editorial team has determined that Geico, USAA and State Farm are among the best car insurance companies in Maryland. To begin our analysis, we first obtained current premium information from the largest insurance providers based on market share in Maryland from Quadrant Information Services and compared those rates with the state average. The average cost of car insurance in Maryland is $1,931 per year for full coverage and $836 per year for minimum coverage. Third-party ratings were also considered, such as customer satisfaction scores from the . If you are looking for the best auto insurance company in Maryland, you might want to get quotes from these five major carriers: Insurance company J.D. Power score (mid-Atlantic region) Average annual full coverage premium Average annual minimum coverage premium Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (mid-Atlantic region) 834 /1,000 Average annual full coverage premium $1,690 Average annual minimum coverage premium $608 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (mid-Atlantic region) 881 /1,000 Average annual full coverage premium $1,398 Average annual minimum coverage premium $533 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (mid-Atlantic region) 851 /1,000 Average annual full coverage premium $1,963 Average annual minimum coverage premium $856 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (mid-Atlantic region) 867 /1,000 Average annual full coverage premium $1,681 Average annual minimum coverage premium $704 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power score (mid-Atlantic region) 827 /1,000 Average annual full coverage premium $1,833 Average annual minimum coverage premium $976 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. 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Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Compare auto insurance rates
Answer a few questions to see personalized rates from top carriers. Save on auto with quotes from trusted providers like: Arrow Right Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Discover the best carrier for you
Get custom car insurance quotes from top-rated carriers in 3 minutes or less. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: ++ Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview If budget is your primary concern and you do not qualify for USAA, Geico could be a good choice for your auto coverage. The company is well-known for its low average premiums and wide variety of potential discounts that might help you save even more. Baltimore-based Geico also has available for those who prefer to handle their coverage online or via a mobile app. However, Geico's policies do not come with many options for personalization. The company offers fewer endorsements than many of its competitors. Geico earns solid customer satisfaction scores from J.D. Power and carries an A++ (Superior) financial strength rating from AM Best. Read full Pros and cons CheckmarkPros Highly-rated mobile app and online portal experience Strong financial strength ratings from AM Best Close XCons Performed below average in J.D. Power's 2022 U.S. Auto Insurance Study for the mid-Atlantic region Limited add-on endorsements for customizing car insurance policy Average annual premium by city Maryland city Geico full coverage premium Geico minimum coverage premium Baltimore $683 $1,811 Columbia $563 $1,583 Germantown $548 $1,496 Frederick $450 $1,349 Silver Spring $631 $1,695 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: ++ Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview USAA offers insurance coverage only to active-duty military members, veterans and their eligible immediate family members. If you qualify for coverage, USAA may be appealing due to its low average full coverage premium. Customers can upgrade their policies with coverage for roadside assistance, rental reimbursement and accident forgiveness. USAA is not eligible for an official ranking with J.D. Power due to its eligibility restrictions, but the company consistently earns high customer satisfaction scores. USAA carries an A++ (Superior) financial strength rating from AM Best. Read full review Pros and cons CheckmarkPros Highly-rated customer service according to J.D. Power Optional coverage tailored to military needs Close XCons Only serves military members and qualified family members Limited in-person locations Average annual premium by city Maryland city USAA full coverage premium USAA minimum coverage premium Baltimore $602 $1,519 Columbia $485 $1,259 Germantown $491 $1,292 Frederick $412 $1,129 Silver Spring $584 $1,460 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: ++ Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview State Farm is the largest auto insurance company in the U.S. by market share and could be appealing if you prefer handling your coverage in-person, as it has a network of local exclusive agents across Maryland. State Farm received an above-industry-average score for claims satisfaction from J.D. Power. However, the National Association of Insurance Commissioners (NAIC) recorded an regarding State Farm's overall service from policyholders. The company carries an A++ (Superior) financial strength rating from AM Best. Read full Pros and cons CheckmarkPros Extensive network of local agents Strong financial strength ratings from AM Best Close XCons No gap coverage available Higher-than-average number of complaints based on NAIC's Complaint Index Average annual premium by city Maryland city State Farm full coverage premium State Farm minimum coverage premium Baltimore $1,034 $2,234 Columbia $772 $1,790 Germantown $807 $1,865 Frederick $563 $1,442 Silver Spring $954 $2,103 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: + Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview Erie car insurance could be the right fit for Maryland drivers who are concerned about car insurance expenses. Its Erie Rate Lock coverage allows premiums to be kept the same from year to year unless changes are made to the policy. Additionally, its accident forgiveness endorsement may ensure that your first accident won't result in a surcharge to your premium. However, its online portal and mobile app experience are not as highly-rated as its competitors, which may make it difficult for customers who want a digital insurance experience. Read full Pros and cons CheckmarkPros Many optional coverage types available for managing car insurance expenses Ranked first in J.D. Power's U.S. Auto Insurance Study for the mid-Atlantic region Close XCons Online portal and mobile app are not as highly-rated as its competitors Lower financial strength rating from AM Best compared to other carriers on this list Average annual premium by city Maryland city Erie full coverage premium Erie minimum coverage premium Baltimore $863 $1,932 Columbia $653 $1,539 Germantown $671 $1,573 Frederick $456 $1,239 Silver Spring $782 $1,756 Answer a few questions to see personalized rates from top carriers. Answer a few questions to see personalized rates from top carriers. J.D. Power: AM Best: + Avg. annual premium for minimum coverage: $ Avg annual premium for full coverage: $ Company overview Progressive stands out for making the insurance shopping process easy. Not only can you compare the prices for several companies from Progressive's website, but you can also use its Name Your Price tool to see a range of coverage options within your budget. The company also offers numerous potential discounts that might help you save. Progressive carries an A+ (Superior) financial strength rating from AM Best. However, Progressive's ranking for claims service from J.D. Power was well below the industry average. Read full Pros and cons CheckmarkPros Offers tools to help policyholders build insurance coverage around a budget Many optional coverage types for a customized auto insurance policy Close XCons Ranked below average in the mid-Atlantic region in J.D. Power's 2022 Auto Insurance Study Higher-than-average NAIC complaint index for private passenger auto product Average annual premium by city Maryland city Progressive full coverage premium Progressive minimum coverage premium Baltimore $1,152 $2,074 Columbia $968 $1,773 Germantown $903 $1,623 Frederick $787 $1,485 Silver Spring $998 $1,767 Answer a few questions to see personalized rates from top carriers. Average cost of car insurance in Maryland
When it comes to car insurance, Maryland drivers typically pay higher rates compared to many other states. On average, $1,931 annually for full coverage, which is 9 percent more than the U.S. average of $1,771. Minimum coverage tends to be significantly more expensive in Maryland, with an average annual premium of $836, which is 53 percent more than the national average annual premium of $480. Average premiums in Maryland may be higher for a number of reasons. Maryland's state minimum coverage is slightly higher than . The state also saw nearly in 2019, which could be considered high, especially when the state's small geographic footprint is compared to much larger states. Average annual premium for minimum coverage in Maryland Average annual premium for full coverage in Maryland $836 $1,931
Maryland city Average annual premium for full coverage Average annual premium for minimum coverage Baltimore $2,271 $1,049 Columbia $1,768 $776 Germantown $1,738 $752 Silver Spring $1,958 $878 Frederick $1,470 $583 How to find the best car insurance in Maryland
Everyone may have different car insurance needs and preferences, so finding the best car insurance might not look the same for everyone. During your search for the best auto insurance in Maryland, the following considerations could be useful. Consider minimum insurance requirements in Maryland
In Maryland, motorists are required to carry at least minimum levels of some car insurance coverages to drive legally. Bodily injury liability, property damage liability, uninsured motorist bodily injury, uninsured motorist property damage and personal injury protection (PIP) are all required coverages. While you do not need to memorize - you will not be able to buy a policy with limits lower than the state minimum - understanding the state's financial responsibility law could help you decide if you need higher limits. Most insurance experts agree that minimum limits do not provide sufficient coverage and encourage drivers to purchase higher amounts for greater financial protection. Consider lender requirements
If you have a loan or lease on your vehicle, you likely have additional car insurance requirements to think about. Minimum coverage does not provide any coverage for damage to your own vehicle. You would need to purchase full coverage, which includes comprehensive and collision coverage. Typically, lenders and leasing companies require full coverage and may also stipulate how high your deductibles can be. You may also want to consider purchasing , which is designed to pay the difference between your new vehicle's actual market value and your loan amount if your vehicle is totaled. Consider your individual needs
Understanding what you are looking for in your auto insurance could help you narrow down your options. Budget may be your primary concern, or maybe you want a company with strong digital assets and a user-friendly mobile app. You might also have a and be looking for companies that offer numerous teen discounts. If you have accidents, tickets or DUI convictions on your record, you may need to find a company that will insure . Taking the time to understand your unique situation, wants and needs could help you determine what companies best fit your circumstances. Car insurance discounts in Maryland
With average minimum and full coverage premiums that are higher than the national average, Maryland drivers may want to find ways to . One of the best ways to do that could be by taking advantage of discounts. Although each company offers a different set of discounts, some common ones include: Young driver discounts: If you insure a high school or college student, you may be able to save by applying one of several discounts. If your student gets good grades, you might save with a good student discount. Some companies also have discounts for students who go away to college without a vehicle and for students who took a certified driver education course. Safe driver discounts: Avoiding at-fault accidents and moving violations for a certain number of years, which varies by carrier, might earn you a safe driver discount. Additionally, if your vehicle has safety features like side curtain airbags, blind spot warning and anti-lock brakes, you may qualify for a discount. Other discounts: If you own a home or condo or if you rent, you might get a discount for your property policy with your auto insurance. You could also save on your insurance if you sign up for automatic payments, pay in full or go paperless. You can often research a company's discounts online, but talking to your insurance agent or company's customer service representative may be the best way to identify savings opportunities. Frequently asked questions
Nationwide, Penn National, USAA, Geico and Progressive offer some of the , according to Bankrate's research. While finding in Maryland may go a long way toward getting affordable car insurance, you may want to keep in mind that rates depend on your personal factors. Your premium will depend on your individual rating factors, like the coverages you choose, the vehicle you drive and your driving record.
Getting a Maryland is typically a relatively simple process, but there is some information you may want to have on hand. You will usually need the names, dates of birth and drivers license numbers for all the drivers who need to be listed on the policy, as well as the year, make, model and vehicle identification number (VIN) for each vehicle.
Full coverage means that you are purchasing coverage for damage to your own vehicle. This includes comprehensive and collision coverages. pays for damages to your car caused by you colliding with another vehicle or other object. is often called "other than collision" and pays for damages caused by you hitting an animal, severe weather, theft, vandalism and glass breakage. Neither optional coverage provides financial protection for intentional damage or maintenance.
The process for filing a car insurance claim depends on your carrier. Many national and super-regional carriers allow policyholders to file claims via a digital portal or mobile app. Some mobile apps have the ability to capture and send photos of vehicle damage to your claims adjuster. However, some car insurance providers require you to call an insurance agent or the company during business hours to file your claim. You may want to check with your car insurance provider to see which claims filing method they use. Written by June Sham Insurance Writer June Sham is an insurance writer for Bankrate. Before joining the team, she worked for nearly three years as a licensed producer writing auto, property, umbrella and earthquake policies. Maggie Kempken is an insurance editor for Bankrate. She helps manage the creation of insurance content that meets the highest quality standards for accuracy and clarity to help Bankrate readers navigate complex information about home, auto and life insurance. She also focuses on ensuring that Bankrate’s insurance content represents and adheres to the Bankrate brand. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.