Average Car Insurance Cost in Maryland

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If you are looking for auto insurance in Maryland, knowing how much it will cost is a promising idea. The average premium for car insurance in Maryland is $1,640 per year or $137 per month. While the national average is $1,682. There is a difference of $42 less between the national average and the state average.

If you live here, you know that already. But do you know why? There are a range of factors that affect car insurance rates. A few of them are –age group, gender, driving history, credit score, and location where you live.

Apart from the factors which affect auto insurance rates, this guide also talks about the average rate of full coverage in state, companies offering cheap monthly premiums for car insurance, average car insurance rates by cities in Maryland, and car insurance rates by age group.

Shop around and compare quotes to save money on your auto insurance. Keep reading the guide to make sure the insurance policy does not cost you more than your requirements.

Summary of average car insurance cost in Maryland
Average annual cost $1,640	Average per month cost $137	Average cost for state minimum coverage $607 / Year
Cheapest car insurance company USAA ($863/ Year)	Average cost for young drivers $2,980 / Year	Average cost for Senior drivers $1,598 / Year

Key Takeaways

The average car insurance cost in Maryland is $1,640 per year, based on Insure.com’s analysis.
In Maryland, the average premium for car insurance is $137 per month.
USAA has the cheapest car insurance rates in Maryland, at an average annual rate of $863 a year.

Average car insurance cost in Maryland per month

In Maryland, the average premium for car insurance is $137 per month.

The price for the same coverage may differ between companies, which is true of every auto insurance company. When looking for car insurance rates in Maryland, it is a promising idea to get quotes from many firms.

As per the rate analysis conducted by Insure.com, the company which offers cheapest car insurance premiums in Maryland is USAA. The average annual cost is $863 while the average cost per month is $72. The second-best option available is, Geico, offering insurance at an average per month cost of $96.

The table below lists the other available car insurance companies which offer car insurance in Maryland, along with their average cost per month and average annual cost.

Company name	Average per month cost	Average annual cost
USAA	$72	$863
Geico	$96	$1,154
Travelers	$99	$1,191
Nationwide	$105	$1,264
Erie Insurance	$124	$1,490
State Farm	$137	$1,646
Progressive	$137	$1,650
Kemper Insurance	$138	$1,654
Allstate	$219	$2,628
Farmers Insurance	$238	$2,858

Read our guide to best car insurance companies of 2022

Average cost of car insurance by coverage levels in Maryland

The amount of coverage you purchase has an impact on how much car insurance costs in Maryland. Your premium is determined by your liability limits, as well as whether you want comprehensive and collision coverage.

Liability only insurance protects a third party’s property damage and personal injuries in the event of an accident. In the case of a collision, having only liability coverage on your auto insurance would not cover your injuries or personal property damage since you are the driver responsible for the accident. If your coverage limit is 50/100/50 Liability only, the average cost per year in Maryland is $648.

When you add more coverage to your policy, your insurance premium increases. As the insurance provider will have to compensate you if you are in an accident or suffer damage in any other manner. Hence, the average cost of full coverage car insurance in Maryland is $1,640 per year.

For someone who does not own the car, but frequently rents a car, non-owner state minimum liability coverage is best suited. It is like liability-only coverage and covers for property damage and bodily injury caused to another driver. In Maryland, the average annual cost for non-owner state minimum liability only is $355.

And for those who wish to save money on car insurance premiums can opt to have only the state minimum liability coverage, to be able to legally drive in the state. The state minimum liability only coverage costs $607 per year in Maryland.

Coverage limits	Average annual cost
50/100/50 Liability Only	$648
100/300/100 Liability with $500 Comp/Coll Deductible	$1,640
Non-Owner State Minimum Liability Only	$355
State Minimum Liability Only	$607

Average car insurance cost in Maryland by City

Your car insurance premium is determined by a variety of factors, including your state, city, and even ZIP code. The incidence of accidents and the likeliness of vehicle theft or vandalism can influence the overall cost of a city or ZIP code.

The table below depicts the top popular cities in Maryland:

City	Average annual cost
Baltimore	$2,420
Frederick	$1,369
Rockville	$1,615
Gaithersburg	$1,616
Bowie	$1,745
Hagerstown	$1,331
Annapolis	$1,558
Salisbury	$1,432
College Park	$1,913
Laurel	$1,772

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Car insurance rates in Maryland by city

Average car insurance cost in Maryland by age of the driver

Age is also a consideration when it comes to auto insurance rates. Teens are more likely to be in automobile accidents than any other generation. For example, the average annual rate for young drivers in Maryland is $2,980 while for seniors is $1,598. Here, the rate for young drivers is $1,382 more than the rate for senior drivers.

According to statistics, young drivers are more likely to be in a vehicle accident than more experienced drivers. As a result, they are deemed high-risk and costly to insure. They are considered a high-risk driver because of over-speeding and less driving experience on road. Although, premiums start to rise again about age 70 when some aspects of aging start affecting driving abilities.

Average car insurance cost in Maryland for young drivers

The average car insurance cost for female young drivers in Maryland is $2,707 per year or $226 per month and rate for a male young driver is $3,253 per year or $271 per month.

The average annual rates for young male and female drivers are listed in the table below:

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
18	$5,848	$4,713
19	$4,958	$3,908
20	$4,632	$3,631
21	$3,327	$2,760
22	$2,996	$2,527
23	$2,787	$2,393
24	$2,524	$2,226
25	$2,150	$1,922

Average car insurance cost in Maryland for senior drivers

In Maryland, the cost of car insurance for senior female driver is $1,587 per year or $132 per month and cost of car insurance for male senior driver is $1,608 per year or $134 per month.

Age of driver	Average annual cost for Male drivers	Average annual cost for Female drivers
65	$1,676	$1,658
70	$1,694	$1,677
75	$1,708	$1,689

Cheapest cars to insure in Maryland

Make	Model	Average annual premium
Hyundai	Venue SE	$1,328
Chrysler	Voyager LX	$1,352
Subaru	Forester 2.5I	$1,357
Mazda	CX-30 S	$1,365
Toyota	C-HR Limited	$1,392
Subaru	Crosstrek 2.0I	$1,405
Mazda	CX-5 S	$1,412
Subaru	Crosstrek 2.5I Limited	$1,422
Subaru	Outback 2.5I	$1,427
Kia	Seltos EX	$1,430

Most expensive cars to insure in Maryland

Make	Model	Average annual premium
Maserati	Quattroporte	$4,990
Maserati	Levante Trofeo	$4,915
Tesla	Model S Plaid	$4,783
Porsche	718 Boxster Spyder	$4,604
Porsche	Taycan Turbo S	$4,368
Maserati	Ghibli Modena	$4,198
Acura	NSX Type S	$4,110
Audi	RS6 Avant Quattro	$4,040
Porsche	911 Turbo	$4,024
Maserati	Ghibli GT	$4,013

Note: For coverage limit: 100/300/50 liability with a $500 comprehensive and collision deductible.

Methodology

Insure.com gathered data with the help of Quadrant Information Services from major insurance companies across Maryland. The rates are based on the profile of a 40-year-old male who drives a 2021 Honda Accord LX with a clean record and full coverage policy.

The coverage limit for a full coverage policy is 100/300/100 liability with a $500 comprehensive and collision deductible. The numbers 100/300/100 represent $100,000 coverage for bodily injury per person, $300,000 in bodily injury per accident and $100,000 for property damage.