When it comes to getting low rates on auto insurance in Maryland, shopping around is key. Prices can swing dramatically from one insurer to the next and depend on personal factors such as age, marital status and credit.
To help drivers simplify their shopping and find cheap car insurance in Maryland, NerdWallet looked at quotes from the eight largest insurers in the state to find the three cheapest options for the following groups:
» FIND YOUR MATCH: Who’s the cheapest carrier for you?
Cheapest for good drivers
Erie was the cheapest auto insurer we found for good drivers in Maryland with clean credit histories at $80 per month, on average. State Farm and Progressive also make the list.
Cheapest for drivers with poor credit
For Maryland drivers with spotty credit, Erie came out cheapest, on average, at $139 per month. Rates rise by over $100 per month from there, with Progressive and Geico rounding out the cheapest insurers for this group.
Cheapest for drivers with one at-fault crash
Maryland drivers who have recently caused a wreck might want to get a quote from Erie, which had the cheapest average rate we found for this group at $107 per month. State Farm and Allstate come in second and third, respectively.
Cheapest for low-mileage drivers
For Marylanders who drive few miles annually, Erie was the cheapest insurer we found, with an average rate of $68 per month, a decent price break for low mileage. State Farm also gives a lower rate for this group, while Progressive, in third, has the same average price as it does for higher-mileage drivers.
Cheapest for minimum coverage
Erie makes it a sweep in Maryland, coming in as the cheapest carrier for minimum coverage auto insurance. It had an average rate of $42 per month, with State Farm and progressive completing the list.
Cheap for military families
If you’re an active member of the military or a veteran — or have an immediate family member who is — chances are high you’ll get a good rate with USAA. We don’t rank it alongside the others because it isn’t available to the general public. USAA is among the three cheapest auto insurance options for every driver type we analyzed for those who qualify.
Minimum auto insurance limits required in Maryland
Maryland car insurance policies must include liability insurance. This pays for other people’s injuries or property damage, up to your chosen limit, when you cause an accident.
The minimum auto insurance coverage levels you must purchase in Maryland are:
- $30,000 bodily injury liability per person.
- $60,000 bodily injury liability per accident.
- $15,000 property damage liability per accident.
- $30,000 uninsured/underinsured motorist coverage per person.
- $60,000 uninsured/underinsured motorist coverage per accident.
- $15,000 uninsured/underinsured property damage coverage per accident.
It’s often smart to buy more than the legal minimum to ensure you don’t have to pay out of pocket in case of a severe crash. You may also want to consider optional coverages such as collision and comprehensive insurance.
Check out NerdWallet’s guide to state car insurance requirements for more detail on the various parts of a Maryland auto policy.
Alternative car insurance in Maryland
Drivers who have been denied coverage by at least two car insurance companies could qualify for a policy through the Maryland Auto Insurance Fund. The organization was created to help drivers who can’t get standard insurance because of a checkered accident history, poor credit rating or other factors.
For more help finding Maryland car insurance at the most competitive price, try NerdWallet’s car insurance comparison tool.
Here’s a summary of where you’ll find the cheapest insurance, by category:
Cheapest car insurance in Maryland
|Drivers with poor credit||Erie|
|Drivers with one at-fault crash||Erie|
|Cheap for military families||USAA|
- $100,000 bodily injury liability coverage per person.
- $300,000 bodily injury liability coverage per crash.
- $50,000 property damage liability coverage per crash.
- $100,000 uninsured/underinsured motorist bodily injury coverage per person.
- $300,000 uninsured/underinsured motorist bodily injury coverage per crash.
- $15,000 uninsured/underinsured motorist property damage liability coverage per crash.
- Collision coverage with $1,000 deductible.
- Comprehensive coverage with $1,000 deductible.
We used the same assumptions for all other driver profiles, with the following exceptions:
- For drivers with poor credit, we adjusted the credit tier from “good” to “poor.”
- For drivers with one at-fault crash, we added a single at-fault crash.
- For low-mileage drivers, we adjusted the miles driven from 12,000 per year to 5,000.
- For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
We used a 2015 Toyota Camry in all cases. These are rates generated through Quadrant Information Services. Your own rates will be different.