{"id":166451,"date":"2024-02-09T06:32:30","date_gmt":"2024-02-09T06:32:30","guid":{"rendered":"https:\/\/trybeem.com\/blog\/?p=166451"},"modified":"2024-05-10T03:44:46","modified_gmt":"2024-05-10T03:44:46","slug":"cheap-car-insurance-in-maryland","status":"publish","type":"post","link":"https:\/\/trybeem.com\/blog\/cheap-car-insurance-in-maryland\/","title":{"rendered":"Cheap Car Insurance in Maryland"},"content":{"rendered":"\t\t
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Finding cheap car insurance in Maryland is not simple. But, it is an essential expense for securing one of your most important assets. You cannot curtail that expenditure because the underlying asset is too costly to be left uninsured. And you can also not do without a car nowadays, for reasons such as pollution, traffic, facilities, age, lifestyle, etc.<\/p>\n\n

You can know the insurance costs in your area to be prepared for the premium payments. You can do this by comparing the rates and policies of insurers in Maryland. For residents in specific areas, obtaining auto insurance quotes in Parkville, MD, can provide a clearer picture of potential rates and help in finding the most suitable coverage. Beem will help you compare car insurance rates from different providers to ensure you get the best deal for your needs. Get up to 40% off on your car insurance with Beem. Get up to 40% off on your car insurance with Beem<\/a>.<\/p>\n\n

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What is the Cheapest Car Insurance in Maryland?<\/h2>\n\n

According to a recent analysis of car insurance in Maryland, the cheapest full-coverage car insurance costs $120 monthly. This comes to $1,442 a year, offered by Penn National in Maryland, also the national average. So, you already know where to get cheap car insurance in Maryland at the very beginning of the blog.<\/p>\n\n

But then, why is the average full coverage car insurance in Maryland found to be $246 per month, approximately $3,000 a year? Also, why are there cheaper options to the tune of $657 a year for minimum coverage, as Geico offers? What are the distinguishing features among the various policy offerings, and how do you choose the right one for yourself? Let’s find out!<\/p>\n\n\t\t

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How Do We Choose the Cheapest Companies in Maryland?<\/h2>\n\n

Factors affecting car insurance in Maryland range from age, marital status, and driving record to mileage and coverage level.<\/p>\n\n

Factors and the extent to which these affect car insurance<\/strong><\/p>\n\n

\n\n\n\n\n\n\n\n\n
Factor<\/strong><\/td>\nImpact<\/strong><\/td>\n<\/tr>\n
Age<\/td>\n19-year-olds pay 360% more than the 55-year-olds<\/td>\n<\/tr>\n
Marital Status<\/td>\nMarried drivers pay 4% less than single drivers<\/td>\n<\/tr>\n
Mileage<\/td>\n20k miles per year cost 6% more than 7.5k miles per year<\/td>\n<\/tr>\n
Coverage<\/td>\nFull coverage costs 125% more than the minimum coverage<\/td>\n<\/tr>\n
Driving Record<\/td>\nDepending on the specific reason, the costs range from 1% (incase of SR-22) to 76% (suspended license)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Here is an at-par comparison of cheap car insurance in Maryland for different Good Driver profiles.<\/p>\n\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Category<\/strong><\/td>\nAll Profile Characteristics<\/strong><\/td>\nGood Driver Profile<\/strong><\/td>\n<\/tr>\n
Gender<\/td>\nMale, Female<\/td>\nMale<\/td>\n<\/tr>\n
Age<\/td>\n16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 35, 45, 55, 65<\/td>\n45<\/td>\n<\/tr>\n
Marital Status<\/td>\nSingle, Married<\/td>\nSingle<\/td>\n<\/tr>\n
Teenage Driver Included on Policy<\/td>\nNo, Yes<\/td>\nNo<\/td>\n<\/tr>\n
Driving Record<\/td>\nClean, One Speeding Ticket, One At-Fault Accident, One DUI, Suspended License, Open Container, Red Light Infraction, Reckless Driving, One Not At-Fault Accident<\/td>\nClean<\/td>\n<\/tr>\n
Miles Driven Per Year<\/td>\n7,500 Miles, 15,000 Miles, 20,000 Miles<\/td>\n15,000 Miles<\/td>\n<\/tr>\n
Coverage Level<\/td>\nMinimum, Standard, Full<\/td>\nMinimum<\/td>\n<\/tr>\n
Discounts<\/td>\nNone, Multi-Policy, Homeowner, Student<\/td>\nNone<\/td>\n<\/tr>\n
Credit Level<\/td>\nPoor, Good<\/td>\nGood<\/td>\n<\/tr>\n
Filings<\/td>\nNone, SR22, FR44<\/td>\nNone<\/td>\n<\/tr>\n
Car<\/td>\nSedan, Minivan, SUV, Coupe, Truck<\/td>\nSedan<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n
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Cheap Car Insurance in Maryland<\/h2>\n\n

Opting for cheap car insurance in Maryland is not about paying the lowest possible premiums. It is about knowing how these insurance policies are formulated and finding the best fit for your needs. If you\u2019re a veteran or from a family of veterans, you might as well grab a minimum coverage policy from USA at $32 a month. Before jumping to conclusions, let\u2019s first understand the parameters for identifying the auto insurance policy. It will help keep your automobile up and running efficiently throughout its life.<\/p>\n\n

Full coverage auto insurance<\/a> includes liability insurance along with comprehensive and collision coverage, which pays for damage to your own vehicle. You already know about cheap car insurance in Maryland with full coverage. But these do not stay constant throughout the car\u2019s life. These vary depending upon the occurrences of accidents the tickets raised on the vehicle, and even the reasons for those tickets. For example, Geico offers cheap car insurance in Maryland for drivers with poor credit ratings. It needs to be noted that Maryland drivers pay, on average, 65% more for having a poor credit rating. Poor credit has nothing to do with driver safety. But, it has been found that they tend to file more claims.<\/p>\n

Cheap car insurance in Maryland for drivers with poor credit<\/p>\n\n

\n\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nMonthly Premium (in $)<\/strong><\/td>\n<\/tr>\n
Geico<\/td>\n165<\/td>\n<\/tr>\n
Progressive<\/td>\n196<\/td>\n<\/tr>\n
State Farm<\/td>\n238<\/td>\n<\/tr>\n
Travelers<\/td>\n251<\/td>\n<\/tr>\n
Erie<\/td>\n300<\/td>\n<\/tr>\n
Allstate<\/td>\n301<\/td>\n<\/tr>\n
Nationwide<\/td>\n319<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Then some drivers have been given a ticket for driving under the influence (DUI). After a DUI citation, the premiums increase by up to 67%.<\/p>\n\n

Cheap car insurance in Maryland after DUI<\/h3>\n\n
\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nMonthly Premium (in $)<\/strong><\/td>\n<\/tr>\n
Erie<\/td>\n151<\/td>\n<\/tr>\n
Geico<\/td>\n165<\/td>\n<\/tr>\n
Progressive<\/td>\n177<\/td>\n<\/tr>\n
Travelers<\/td>\n200<\/td>\n<\/tr>\n
Allstate<\/td>\n226<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Drivers who have been met with an at-fault accident are categorized for unsafe driving, ramping up the insurance expense for them. Auto insurance with Beem<\/a> covers damage to your vehicle and other passengers’ vehicles with the best deals, including up to 40% off on your coverage.<\/p>\n\n

Best cheap car insurance in Maryland after an accident<\/h3>\n\n
\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nMonthly Premium (in $)<\/strong><\/td>\n<\/tr>\n
State Farm<\/td>\n136<\/td>\n<\/tr>\n
Travelers<\/td>\n190<\/td>\n<\/tr>\n
Erie<\/td>\n191<\/td>\n<\/tr>\n
Progressive<\/td>\n199<\/td>\n<\/tr>\n
Geico<\/td>\n201<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

A speeding ticket does not increase the insurance by much (merely 10%. it certainly is an indication of the driver being irresponsible and non-compliant with road rules.<\/p>\n\n

Cheapest car insurance quotes after a speeding ticket<\/h3>\n\n
\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nMonthly Premium (in $)<\/strong><\/td>\n<\/tr>\n
State Farm<\/td>\n120<\/td>\n<\/tr>\n
Geico<\/td>\n149<\/td>\n<\/tr>\n
Erie<\/td>\n151<\/td>\n<\/tr>\n
Progressive<\/td>\n163<\/td>\n<\/tr>\n
Travelers<\/td>\n171<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Maryland Rates for Teen Drivers<\/h2>\n\n

The insurance rates also vary for teenagers<\/a> depending on various factors, like accidents and speeding tickets. But generally, the best rates for teenage drivers in Maryland are still higher than the adult drivers.<\/p>\n\n

Cheapest car insurance for young drivers in Maryland (in $ per month)<\/strong><\/h3>\n\n
\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nLiability only<\/strong><\/td>\nFull Coverage<\/strong><\/td>\n<\/tr>\n
Erie<\/td>\n155<\/td>\n310<\/td>\n<\/tr>\n
State Farm<\/td>\n183<\/td>\n344<\/td>\n<\/tr>\n
Geico<\/td>\n193<\/td>\n441<\/td>\n<\/tr>\n
Travelers<\/td>\n196<\/td>\n357<\/td>\n<\/tr>\n
Progressive<\/td>\n201<\/td>\n378<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Insurance rates also vary across genders for teens (in $ annually)<\/h3>\n\n
\n\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nFemale<\/strong><\/td>\nMale<\/strong><\/td>\n<\/tr>\n
Erie<\/td>\n2,924<\/td>\n3,980<\/td>\n<\/tr>\n
Nationwide<\/td>\n5,388<\/td>\n7,033<\/td>\n<\/tr>\n
Progressive<\/td>\n5,655<\/td>\n6,234<\/td>\n<\/tr>\n
State Farm<\/td>\n4,459<\/td>\n5,611<\/td>\n<\/tr>\n
Travelers<\/td>\n4,019<\/td>\n4,951<\/td>\n<\/tr>\n
USAA<\/td>\n2,595<\/td>\n3,059<\/td>\n<\/tr>\n
State-wide Average<\/td>\n4,174<\/td>\n5,145<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Cheapest for 20-year-old Drivers<\/h2>\n\n

Car insurance is mandatory in almost every state, including Maryland. If you choose the legal minimum coverage level in Maryland, expect to pay an average of $655 annually. This expenditure is more expensive than the nationwide average by 22%.<\/p>\n\n

Progressive has the cheapest minimum coverage auto policies in Maryland at $620 per year, followed by Nationwide at $704 per year. Costing an average of $1,360 per year.<\/p>\n\n

Cheapest full coverage car insurance in Maryland for 20-year-olds<\/h3>\n\n

A full coverage policy, including comprehensive and collision damage, is needed to cover damage to your vehicle<\/a>.<\/p>\n\n

\n\n\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nAnnual Premium<\/strong><\/td>\nMonthly Premium<\/strong><\/td>\n<\/tr>\n
Progressive<\/td>\n$1,328<\/td>\n$111<\/td>\n<\/tr>\n
Nationwide<\/td>\n$1,309<\/td>\n$109<\/td>\n<\/tr>\n
Travelers<\/td>\n$1,590<\/td>\n$133<\/td>\n<\/tr>\n
GEICO<\/td>\n$1,589<\/td>\n$132<\/td>\n<\/tr>\n
Kemper<\/td>\n$1,960<\/td>\n$163<\/td>\n<\/tr>\n
State Farm<\/td>\n$2,020<\/td>\n$168<\/td>\n<\/tr>\n
Erie<\/td>\n$1,807<\/td>\n$151<\/td>\n<\/tr>\n
Allstate<\/td>\n$2,052<\/td>\n$171<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Cheapest minimum coverage car insurance in Maryland for 20-year-olds<\/h3>\n\n

The scope of a minimum coverage policy is only to cover damage and injury caused to others.<\/p>\n\n

\n\n\n\n\n\n\n\n\n\n\n\n
Company<\/strong><\/td>\nAnnual Premium<\/strong><\/td>\nMonthly Premium<\/strong><\/td>\n<\/tr>\n
Progressive<\/td>\n$647<\/td>\n$54<\/td>\n<\/tr>\n
Nationwide<\/td>\n$856<\/td>\n$71<\/td>\n<\/tr>\n
Travelers<\/td>\n$885<\/td>\n$74<\/td>\n<\/tr>\n
GEICO<\/td>\n$947<\/td>\n$79<\/td>\n<\/tr>\n
Kemper<\/td>\n$955<\/td>\n$80<\/td>\n<\/tr>\n
State Farm<\/td>\n$1,014<\/td>\n$84<\/td>\n<\/tr>\n
Erie<\/td>\n$1,033<\/td>\n$86<\/td>\n<\/tr>\n
Allstate<\/td>\n$1,321<\/td>\n$110<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n

Cheapest auto insurance in Maryland for 20-year-olds with poor credit<\/h3>\n\n

In Maryland, the following companies offer the lowest auto insurance rates for drivers with poor credit scores (below 580):<\/p>\n\n