Determining which company quotes the best auto insurance rates for real estate agents may require more time in order to find the most economical policy. Each company has a different formula to determine premium rates, so we’ll take a look at the auto insurance companies that tend to be cheaper in Baltimore.
It’s a good idea to know that Maryland auto insurance rates are based on many factors that control the cost of a policy. Improving your credit rating, becoming a homeowner, or getting caught speeding can cause premium changes that can now make some companies cheaper than competitors.
Find the Cheapest Auto Insurance for Realtors
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $920 |
| 2 | Liberty Mutual | $1,114 |
| 3 | Penn National | $1,137 |
| 4 | Erie | $1,161 |
| 5 | State Auto | $1,190 |
| 6 | Amica | $1,308 |
| 7 | MetLife | $1,414 |
| 8 | Nationwide | $1,435 |
| 9 | Travelers | $1,440 |
| 10 | GEICO | $1,486 |
| 11 | California Casualty | $1,529 |
| 12 | Allstate | $1,645 |
| 13 | State Farm | $1,696 |
| 14 | Progressive | $2,149 |
| 15 | Encompass | $2,490 |
| 16 | Victoria | $2,963 |
| Find Cheaper Rates Go | ||
USAA normally has some of the cheapest car insurance rates in Baltimore at around $920 annually. This is $639 less than the average policy premium paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto also make the cut as some of the best Baltimore, MD insurance companies.
In the rate table above, if you currently have coverage with Liberty Mutual and switched to USAA, you might achieve a yearly price reduction of about $194. Insureds with Penn National could save as much as $217 a year, and Erie policyholders might cut rates by $241 a year.
If you would like to find cheaper car insurance rates, click here or quote prices from the following companies.
Remember that these prices are averaged for all drivers and vehicles and do not take into consideration a specific vehicle garaging location for real estate agents. So the company that fits you best may not even be in the list above. That point stresses why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
One of the more important factors that determine the amount you pay for auto insurance is where you normally keep your vehicle in Baltimore. Cities with larger populations are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.
The illustration below lists the most expensive areas in Maryland for real estate agents in which to purchase auto insurance. Baltimore is ranked at #1 with an annual rate of $1,760 for the average insurance policy, which is around $147 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Baltimore | $1,760 |
| 2 | Woodlawn | $1,674 |
| 3 | Dundalk | $1,490 |
| 4 | Essex | $1,474 |
| 5 | Towson | $1,467 |
| 6 | Silver Spring | $1,460 |
| 7 | Catonsville | $1,432 |
| 8 | Aspen Hill | $1,420 |
| 9 | Bowie | $1,404 |
| 10 | Waldorf | $1,375 |
| 11 | Glen Burnie | $1,370 |
| 12 | Wheaton | $1,321 |
| 13 | Gaithersburg | $1,317 |
| 14 | Severn | $1,314 |
| 15 | Rockville | $1,290 |
| 16 | Germantown | $1,287 |
| 17 | Potomac | $1,274 |
| 18 | Ellicott City | $1,245 |
| 19 | North Bethesda | $1,243 |
| 20 | Bethesda | $1,239 |
| 21 | Columbia | $1,225 |
| 22 | Bel Air South | $1,222 |
| 23 | Annapolis | $1,218 |
| 24 | Frederick | $1,044 |
| 25 | Hagerstown | $1,020 |
| Find the Best Rates Go | ||
Rates are estimated as vehicle location can impact premium rates noticeably.
The type of vehicle requiring insurance is a significant factor that determines if you can find the lowest-priced coverage for real estate agents. Vehicles with higher performance characteristics, a lack of advanced safety features, or a track record of large liability claims will cost substantially more to insure than more modest models. The table below outlines insurance costs for a selection of the most budget-friendly automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 2WD | $2,536 |
| Ford Escape Limited 4WD | $2,755 |
| Hyundai Elantra SE Touring Station Wagon | $2,765 |
| Honda Accord EX 4-Dr Sedan | $2,866 |
| Toyota RAV4 4WD | $3,006 |
| Toyota Tacoma Double Cab 4WD | $3,064 |
| Toyota Prius | $3,089 |
| Ford Explorer XLT AWD | $3,107 |
| Ford Focus SES 4-Dr Sedan | $3,111 |
| Toyota Corolla S | $3,168 |
| Toyota Camry LE | $3,290 |
| Volkswagen Jetta LE 4-Dr Sedan | $3,295 |
| Chevrolet Impala LS | $3,312 |
| Ford F-150 SVT Raptor Super Cab 4WD | $3,355 |
| Chevrolet Malibu LS | $3,387 |
| Chevrolet Equinox LT 2WD | $3,393 |
| Chevrolet Silverado LTZ Extended Cab 2WD | $3,441 |
| Toyota Camry Hybrid | $3,447 |
| Dodge Grand Caravan Crew | $3,463 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $3,502 |
| Start Your Quote Go | |
Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Table data does not factor in zip code location which can influence insurance rates noticeably.
Based upon the rates shown, we can presume that vehicles like the Honda CR-V, Ford Escape, Hyundai Elantra, Honda Accord, and Toyota RAV4 will be the cheaper vehicles to insure for realtors.
Maryland auto insurance company ratings
Insuring your vehicle with a good quality car insurance company is hard considering how many companies there are in Maryland. The ranking data in the lists below could help you choose which auto insurers you want to consider comparing prices from.
The rankings below include companies who write in the majority of U.S. states, so companies that may only write in Maryland are not taken into consideration for these rankings. To get price quotes from these and other top-rated companies, click here.
Top 10 Large Car Insurance Companies Overall in Baltimore
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
The chart below shows how choosing a deductible can increase or decrease insurance prices when getting quotes for cheap insurance for real estate agents. The price estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.
The data above shows that a 40-year-old driver could cut expenses by $332 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $504 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could drop their prices as much as $1,094 each year by choosing larger deductibles on their policy.
When raising deductibles, it’s a good idea to have additional savings on hand to pay the extra out-of-pocket expense that is associated with using high deductibles.
How to find cheaper insurance for real estate agents
The list below details a few penny-pinching ideas that can help drivers find more affordable auto insurance.
- Vehicles with safetly features generally cost less to insure
- Avoid preventable accidents
- Avoid speeding and other traffic citations and pay less
- Save money by only buying liability coverage for older vehicles
- Home or renters coverage can save on auto insurance
- Don’t have frequent claims
- Compare rates and switch if you can find a better deal
That final tip is incredibly critical, as we stressed in this piece. Coverage prices change frequently, so don’t be hesitant to switch carriers if you find a cheaper price. Brand loyalty is not necessarily bad, but we do not recommend it if that faithfulness ends up costing you several hundred dollars every year. Spend a few minutes and compare rates to find cheaper insurance for real estate agents in Baltimore.