Auto Insurance in Maryland

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Car insurance rates in the Old Line State are slightly above the national average, so Maryland residents need to make sure they get auto insurance quotes from a wide range of companies in order to lock down the best deal and avoid overpaying.

Maryland

Population: 5,976,407
Maryland
$1,716
US Average
$1,669

With a population of nearly 6 million people, Maryland is both one of the smallest and one of the most densely populated states in the U.S. It is located right in the heart of the bustling Mid-Atlantic region, which makes it convenient for drivers to access many other major hubs in the North and Southeast. The coastline location also poses threats to residents. Basic liability coverage is a state law, and residents, particularly in the larger metropolitan areas such as Baltimore, will want to make sure they have additional coverage to protect themselves in the event of damage or theft. Insurance rates will vary quite a bit depending on exactly where you live and which insurance provider you choose.

Maryland Minimum Liability

Bodily Injury

$20k
per person
$40k
per accident

Property Damage

$15k
per accident

Maryland’s state minimum liability coverage is low compared to the national recommended minimum coverage of 50/100/50. In Maryland, you’re required to have $30,000 per-person and $60,000 per-accident bodily injury coverage as well as $15,000 in property damage coverage. However, it’s good to budget for as much insurance as possible in order to cover unforeseen damages and medical expenses; 100/300/100 is ideal.

Any damage that occurs over the amount of coverage you’ve purchased will have to be paid for out-of-pocket. As car and medical expenses can add up extremely quickly, you’ll want to do all you can to mitigate these additional costs. In 2013, the average auto liability claim for property damage was $3,231 and the average auto liability claim for bodily injury was $15,443. This is the average cost of an accident, which means that half are more expensive and can lead to tens or hundreds of thousands of dollars of personal debt if you don’t have adequate insurance coverage.

When pricing auto insurance, the best strategy is to get several quotes and rates from different insurance companies to find out which one offers the most coverage for the lowest rate. Your driver profile is an important factor in this, because companies will treat you differently depending on your driving record. Sometimes, you can find an amazing deal on a rate, but you may have to go through a lot of quotes to get there.

Cheapest Maryland Auto Insurance Companies

Yearly Rate

  • $2,272
    Allstate
  • $1,725
    State Farm
  • $1,877
    Nationwide
  • $1,088
    Erie
  • $1,683
    GEICO

Insurance can be expensive so many consumers want to find the cheapest auto insurance companies in Maryland. Choosing a cheap auto insurance company means that you will keep your monthly premiums as low as possible

However, you should be aware that when you choose a low-cost provider, there are benefits that you may be forgoing. You might not be able to expect top-notch customer service quality or easy claims reimbursement. Likewise, you might also be dealing with a national company that is much less friendly than a local company.

Where is car insurance most affordable?

Depending on whether you live in an urban or a rural environment, are in a high-crime or high accident rate area, and many other factors, your insurance rates can vary quite a bit. For instance, rates in Baltimore are significantly above the state average while rates in Bowie and Gaithersburg are quite a bit lower than the average for Maryland.

A good rule of thumb is to look at the cost of living in different cities. The higher the cost of living, the more you can expect to pay for auto insurance premiums. Baltimore is a much more expensive place to live than Frederick, so it makes sense that the car insurance premiums would also be quite a bit higher.

Baltimore Auto Insurance

Population: 622,104
Baltimore
$1,891
Maryland
$1,716

Baltimore is known for being a bit rugged and gritty in some places, but it’s also home to a thriving arts scene. Auto insurance policies in the state’s biggest city are a bit higher than average, and that might be because of the large population — more than 620,000 — of this urban setting. It’s a sprawling city with many drivers who rely on their cars to get around instead of on public transportation and walking.

Bowie Auto Insurance

Population: 56,759
Bowie
$1,524
Maryland
$1,716

Bowie is a tiny town of less than 57,000 people located midway between Baltimore and Washington. Even with its small size, it’s still the fifth most populous city in the state. It has a low crime rate, great schools, and many large public employers that help keep the economy in good shape. It’s cheaper to buy auto insurance here than in many other parts of the state.

Frederick Auto Insurance

Population: 66,893
Frederick
$1,179
Maryland
$1,716

Recently hailed as the “Brooklyn of Maryland,” Frederick has seen a renaissance over the past few years. It’s a charming town of about 67,000 that is close enough to Baltimore to be considered a suburb but also feels like its own separate entity. Auto insurance here is quite low compared to the rest of the state, probably due to the provincial nature of the town and the lower income of some of its residents.

Gaithersburg Auto Insurance

Population: 65,690
Gaithersburg
$1,392
Maryland
$1,716

Gaithersburg is located right on Interstate 270, making it a popular commuter choice for residents of nearby cities. It has a population of more than 65,000 and is considered a suburb of Washington. The good news for drivers is that auto insurance here is quite a bit lower than both the state and national average.

Find the best auto insurance in your area

Start by entering your zipcode and we’ll pull our top partners so you can get quotes quick.