For teachers and educators, one of the largest factors that are used to help calculate the annual cost of car insurance is where you live. Areas with more people or even just a higher incidence of claims tend to pay slightly more, whereas areas with less people or fewer weather incidents benefit from lower prices.
The illustration below ranks the highest-priced places in Maryland for teachers to purchase a policy in. Baltimore is ranked #1 with the yearly price of $1,760 for the average policy, which is approximately $147 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Baltimore | $1,760 |
| 2 | Woodlawn | $1,625 |
| 3 | Dundalk | $1,550 |
| 4 | Towson | $1,512 |
| 5 | Essex | $1,474 |
| 6 | Aspen Hill | $1,463 |
| 7 | Catonsville | $1,460 |
| 8 | Waldorf | $1,431 |
| 9 | Silver Spring | $1,417 |
| 10 | Bowie | $1,404 |
| 11 | Glen Burnie | $1,370 |
| 12 | Wheaton | $1,335 |
| 13 | Rockville | $1,290 |
| 14 | Germantown | $1,287 |
| 15 | Gaithersburg | $1,278 |
| 16 | Severn | $1,275 |
| 17 | Ellicott City | $1,271 |
| 18 | North Bethesda | $1,256 |
| 19 | Bethesda | $1,239 |
| 20 | Columbia | $1,238 |
| 21 | Annapolis | $1,231 |
| 22 | Potomac | $1,224 |
| 23 | Bel Air South | $1,222 |
| 24 | Hagerstown | $1,020 |
| 25 | Frederick | $1,014 |
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Annual rates are estimated as the specific Baltimore residence address can affect coverage rates substantially.
Trying to find cost effective car insurance is not the easiest thing to accomplish, and determining which companies quote the lowest-priced auto insurance rates for teachers involves more quotes for comparison. Each insurance company uses a slightly different approach for determining rates, so let’s begin by taking a look at the most budget-friendly auto insurance companies in Maryland.
We do need to point out that Maryland auto insurance rates are impacted by many things which can significantly increase or decrease your annual premium. Improving your financial situation, having a claim, or getting into an accident can trigger changes in premium resulting in some rates now being more expensive than competitors.
Best Auto Insurance Prices for Educators
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $930 |
| 2 | Liberty Mutual | $1,125 |
| 3 | Penn National | $1,137 |
| 4 | Erie | $1,149 |
| 5 | State Auto | $1,214 |
| 6 | Amica | $1,334 |
| 7 | Travelers | $1,384 |
| 8 | MetLife | $1,428 |
| 9 | GEICO | $1,428 |
| 10 | Nationwide | $1,435 |
| 11 | California Casualty | $1,499 |
| 12 | Allstate | $1,596 |
| 13 | State Farm | $1,696 |
| 14 | Progressive | $2,065 |
| 15 | Encompass | $2,566 |
| 16 | Victoria | $3,023 |
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USAA generally has some of the best car insurance rates in Baltimore at around $930 per year. Liberty Mutual, Penn National, Erie, and State Auto would also be considered some of the best Baltimore, MD auto insurance companies.
As the example above demonstrates, if you are insured with Penn National and switched to USAA, you could earn a yearly price reduction of approximately $207. Insureds with Erie might save as much as $219 a year, and State Auto customers might lower prices by $284 a year.
It’s important to note that these rates are averaged for all drivers and vehicles and and are not figured with an exact zip code location for teachers. So the car insurance company that fits your needs best may not even be in the top 16 companies in the list above. That is why you need to compare rates from as many companies as possible using your own individual information.
The type of vehicle on the policy is one of the primary factors that determines the availability of low-cost insurance for teachers. Vehicles with lots of horsepower, poor safety features, or a track record of large liability claims will cost substantially more to insure than safer models.
The data below outlines insurance costs for some of the most economical automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Dodge Grand Caravan SE | $2,924 |
| Honda CR-V EX 4WD | $3,049 |
| Toyota Tacoma Double Cab 4WD | $3,086 |
| Volkswagen Jetta S 4-Dr Sedan | $3,093 |
| Chevrolet Equinox LT 2WD | $3,086 |
| Jeep Grand Cherokee Laredo 2WD | $3,092 |
| Ford Escape XLT 2WD | $3,196 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,247 |
| Toyota Prius | $3,298 |
| Toyota Corolla XRS | $3,306 |
| Ford Explorer XLT 2WD | $3,349 |
| Hyundai Sonata Limited 4-Dr Sedan | $3,529 |
| Toyota Camry LE | $3,533 |
| Ford F-150 FX2 Super Cab 2WD | $3,580 |
| Dodge Ram 2500 Crew Cab Laramie 2WD | $3,687 |
| Ford Edge SEL AWD | $3,705 |
| Toyota RAV4 Limited 4WD | $3,782 |
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price estimates do not factor in specific zip code location which can increase or decrease coverage prices substantially.
Based on these rates, makes and models like the Dodge Grand Caravan, Honda CR-V, Toyota Tacoma, and Volkswagen Jetta will be the cheapest vehicles to insure for teachers and educators.
The information below shows how different deductible levels can change insurance costs when quoting cheap insurance for teachers. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
A 30-year-old driver could lower rates by $312 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $474 by choosing a $1,000 deductible. Even younger insureds, such as the Age 20 example, could roll back prices $942 annually just by choosing higher deductibles.
If you do raise deductibles, it will be important to have additional funds in a savings account to offset the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Get discounts on Baltimore insurance rates
Auto insurance companies that offer coverage for teachers may also give you premium discounts that could reduce prices by 35% or more if you meet specific eligibility requirements. A few popular companies and some of the discounts are detailed below.
- GEICO may offer discounts for multi-policy, seat belt use, membership and employees, federal employee, and driver training.
- USAA policyholders can earn discounts including driver training, multi-vehicle, good student, vehicle storage, family discount, and loyalty savings.
- Progressive discounts include multi-vehicle, good student, online quote discount, homeowner, multi-policy, online signing, and continuous coverage.
- American Family offers premium reductions for early bird, bundled insurance, good driver, accident-free, air bags, and defensive driver.
- Esurance includes discounts for defensive driver, multi-policy, good driver, Pac-12 alumni, and renters.
- Farmers Insurance may have discounts that include distant student, homeowner, youthful driver, bundle discounts, good student, multi-car, and teen driver.
- State Farm has savings for driver’s education, multiple autos, passive restraint, good driver, Steer Clear safe driver discount, and safe vehicle.
The example below visualizes the comparison of car insurance costs with and without some available policy discounts. The information is based on a male driver, no accidents or driving violations, Maryland state minimum liability limits, comp and collision included, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with multiple policy, safe-driver, anti-theft, passive restraint, vehicle safety, and multiple vehicle discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for teachers is 28% or $530.
Should you buy full coverage?
Saving on auto insurance is the goal of most people, and one of the quickest ways to pay lower rates for insurance for teachers is to only buy liability coverage. The diagram below compares insurance prices with full physical damage coverage compared to only buying liability only. The premiums are based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no other discounts are factored in.
If averaged for all ages, comp and collision coverage costs $2,129 per year more than insuring for liability only. Many of you may wonder when is the right time to remove full coverage. There is no definitive rule that works best for making the decision to drop comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of coverage is more than around 10% of the vehicle’s replacement cost less your deductible, then it might be time to consider dropping full coverage.
How to find budget-friendly car insurance for teachers
The list below details some of the recommended thrifty ideas that can help drivers locate cheap auto insurance.
- Buy safe vehicles
- Frequent claims may make car insurance unaffordable
- Drive attentively and avoid accidents
- Be a safe driver
- Improve your credit rating
- Compare rates once a year for cheaper prices
The last idea is extremely significant, as was emphasized in this article. Prices can change significantly in a year, so don’t be hesitant to switch to a new company if you can save money. Brand loyalty is great, but it’s not a good idea if your bullheadedness ends up costing you a fortune every year. If you have a few minutes, compare rates and find cheaper auto insurance for teachers in Baltimore.