Figuring out which companies offer the cheapest insurance rates for drivers with accidents involves a tad more effort in order to find the best policy. Every car insurance company has a proprietary formula for setting rates, so we’ll go over the insurance companies that tend to be cheaper in Baltimore.
Keep in mind that Baltimore insurance rates are determined by lots of factors that can increase the price of your policy. Simply having another birthday, buying a different home, or having an at-fault accident may prompt premium changes resulting in some rates now being cheaper in comparison to the competition.
Cheapest Insurance Rates for Accident Prone Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $958 |
| 2 | Liberty Mutual | $1,114 |
| 3 | Penn National | $1,137 |
| 4 | Erie | $1,161 |
| 5 | State Auto | $1,190 |
| 6 | Amica | $1,295 |
| 7 | MetLife | $1,386 |
| 8 | Travelers | $1,426 |
| 9 | GEICO | $1,428 |
| 10 | Nationwide | $1,435 |
| 11 | California Casualty | $1,499 |
| 12 | Allstate | $1,613 |
| 13 | State Farm | $1,646 |
| 14 | Progressive | $2,149 |
| 15 | Encompass | $2,566 |
| 16 | Victoria | $3,023 |
| Compare Rates Now Go | ||
USAA generally has some of the best car insurance rates in Baltimore at around $958 per year. Liberty Mutual, Penn National, Erie, and State Auto also qualify as some of the more affordable Baltimore, MD insurance companies.
As the example above demonstrates, if you are insured with Liberty Mutual and switched to USAA, you may realize an annual savings of about $156. Drivers with Penn National could save as much as $179 a year, and Erie customers might see rate reductions of $203 a year.
Be aware that those rates are averaged across all drivers and vehicles in Maryland and do not factor in an exact location for drivers with accidents. So the insurer that has the cheapest price for you may not even be in the top 16 companies in the list above. That illustrates why you need to quote rates from many companies using your own individual information.
For drivers with at-fault accidents, one of the largest considerations that are looked at to determine auto insurance rates is the neighborhood you call home in Baltimore. Areas with more people or more claims are more likely to have higher rates, whereas more rural areas tend to receive cheaper rates.
The illustration below lists the most expensive places in Maryland for drivers with accidents in which to purchase auto insurance. Baltimore is ranked #1 with the annual price of $1,796 for car insurance, which is approximately $150 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Baltimore | $1,796 |
| 2 | Woodlawn | $1,608 |
| 3 | Towson | $1,527 |
| 4 | Dundalk | $1,505 |
| 5 | Aspen Hill | $1,478 |
| 6 | Silver Spring | $1,460 |
| 7 | Waldorf | $1,431 |
| 8 | Catonsville | $1,417 |
| 9 | Essex | $1,416 |
| 10 | Bowie | $1,404 |
| 11 | Glen Burnie | $1,342 |
| 12 | Wheaton | $1,335 |
| 13 | Severn | $1,327 |
| 14 | Gaithersburg | $1,304 |
| 15 | Germantown | $1,275 |
| 16 | Ellicott City | $1,271 |
| 17 | Rockville | $1,264 |
| 18 | Columbia | $1,263 |
| 19 | Bethesda | $1,239 |
| 20 | Annapolis | $1,231 |
| 21 | Potomac | $1,224 |
| 22 | North Bethesda | $1,219 |
| 23 | Bel Air South | $1,186 |
| 24 | Frederick | $1,004 |
| 25 | Hagerstown | $980 |
| Compare Prices Now Go | ||
Information shown are estimated as specific Baltimore zip code can alter auto insurance rates noticeably.
Drive responsibly or pay higher rates
The recommended way to receive good insurance rates for drivers with at-fault accidents is to be a cautious driver and not have accidents or get tickets. The chart below illustrates how speeding tickets and at-fault accidents drive up insurance costs for different insured age categories. The information is based on a single male driver, full physical damage coverage, $1,000 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of auto insurance in Maryland per year with no accidents or violations is $2,269. Get two speeding tickets and the average cost swells to $2,990, an increase of $721 each year. Next add two accidents along with the two speeding tickets and the yearly cost of insurance for drivers with accidents increases to an average of $6,022. That’s an increase of $3,753, or $313 per month, just for not driving attentively!
Get discount Baltimore auto insurance rates
Insurance companies that provide coverage for drivers with accidents could also offer premium discounts that can reduce rates by 40% or more if you are eligible to receive them. A few popular companies and the discounts they provide are detailed below.
- GEICO may have discounts that include anti-lock brakes, air bags, multi-policy, anti-theft, and seat belt use.
- MetLife discounts include claim-free, multi-policy, good student, good driver, accident-free, and defensive driver.
- Progressive offers discounts including good student, online quote discount, multi-policy, continuous coverage, online signing, multi-vehicle, and homeowner.
- Travelers offers premium reductions for IntelliDrive, save driver, multi-car, home ownership, early quote, and good student.
- SAFECO may offer discounts for accident prevention training, bundle discounts, safe driver, homeowner, multi-car, and teen safe driver.
- AAA has discounts for anti-theft, multi-policy, good student, good driver, education and occupation, multi-car, and AAA membership discount.
The diagram below shows the comparison of insurance costs with and without discounts applied to the policy rates. The prices are based on a female driver, no citations and two at-fault accidents, Maryland state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with marriage, multiple vehicle, paid-in-full, passive restraint, anti-theft, and homeowner discounts applied. When discounts are factored in, theaverage yearly reduction on insurance for drivers with accidents is 28% or $960.
How to find cheaper car insurance for drivers with accidents
Lowering your rates is not difficult, and here are a few penny-pinching suggestions that can help Baltimore drivers find cheap car insurance.
- Pay for smaller claims out-of-pocket
- Buy your homeowners policy from the same company as your auto insurance
- Avoid accidents and claims
- Full coverage may not be needed on older vehicles
- Vehicles with safetly features generally cost less to insure
- Keep your driving record clean
- Keep rates low by comparing prices once a year
That last idea is highly significant, as was emphasized in the prior article. Prices charged by companies go up and down frequently, so don’t be afraid to buy a different policy if a more affordable price is available. Brand loyalty is great, but it isn’t a good idea if that devotion results in you overpaying lots of money. Take a few minutes and compare rates and find cheaper car insurance for drivers with accidents in Baltimore.