It would sure be easy if we could simply tell you the one best company that has the best auto insurance prices in Maryland. It’s not that easy, however, as there are a lot of unknown factors like the performance level of your vehicle, whether you are male or female, if you are a homeowner or renter, and if you have a coverage lapse. The information below will cover the best ways to avoid high prices and will hopefully give you a solid foundation to find cheaper car insurance in Baltimore.
The make and model of vehicle on the policy is one of the largest factors that determines whether or not you can buy the best cheap coverage for a learners permit. Vehicles with higher performance characteristics, poor passenger safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer, lower-performance models.
The data below illustrates coverage costs for the more affordable vehicles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $9,000 |
| Honda CR-V EX-L 2WD | $9,079 |
| Hyundai Elantra SE Touring Station Wagon | $9,629 |
| Honda Accord EX-L 4-Dr Sedan | $9,635 |
| Toyota Prius | $9,711 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $10,049 |
| Ford Focus SE 4-Dr Sedan | $10,599 |
| Honda Odyssey EX | $10,606 |
| Chevrolet Silverado LS Extended Cab 4WD | $10,677 |
| Toyota RAV4 Limited 4WD | $10,683 |
| Chevrolet Equinox LT 2WD | $10,677 |
| Nissan Altima 2.5 4-Dr Sedan | $10,683 |
| Dodge Grand Caravan Crew | $10,759 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $10,766 |
| Ford Explorer Limited AWD | $10,759 |
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Prices based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate quotes do not factor in Baltimore, MD location which can modify rates substantially.
Looking at the numbers, cars like the Ford Escape, Honda CR-V, Hyundai Elantra, and Honda Accord are most likely going to be some of the most affordable vehicles to insure for new drivers. The cost of a car insurance policy will be more costly because of the fact that there is more exposure for a learners permit, but in general those specific models will tend to have the lowest insurance prices possible.
One of the more important criteria that are looked at to determine car insurance rates is where you keep your car in Baltimore. More densely populated places likely pay more, whereas areas with less crime or weather claims benefit from lower rates.
The following table shows the highest-priced areas in Maryland for a learners permit to buy car insurance in. Baltimore makes the list at #1 with an annual premium of $1,796 for the average policyholder, which is around $150 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Baltimore | $1,796 |
| 2 | Woodlawn | $1,657 |
| 3 | Dundalk | $1,535 |
| 4 | Towson | $1,482 |
| 5 | Catonsville | $1,475 |
| 6 | Essex | $1,474 |
| 7 | Silver Spring | $1,460 |
| 8 | Aspen Hill | $1,435 |
| 9 | Bowie | $1,390 |
| 10 | Waldorf | $1,389 |
| 11 | Glen Burnie | $1,370 |
| 12 | Wheaton | $1,321 |
| 13 | Gaithersburg | $1,304 |
| 14 | Rockville | $1,290 |
| 15 | Severn | $1,288 |
| 16 | Potomac | $1,261 |
| 17 | Annapolis | $1,255 |
| 18 | Ellicott City | $1,245 |
| 19 | North Bethesda | $1,243 |
| 20 | Germantown | $1,237 |
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Information shown are approximated as vehicle location can decrease or increase premium rates greatly.
The example below illustrates how your choice of deductibles can raise or lower insurance costs when searching for cheap insurance for a learners permit. The rate quotes are based on a single female driver, full physical damage coverage, and no discounts are applied.
In the chart above, a 40-year-old driver could pocket $436 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $656 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old, could possibly save up to $1,118 every year by choosing a higher deductible.
When choosing a higher deductible, it will be necessary to have plenty of money set aside to offset the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
Insuring your vehicle with a high-quality insurer can be a challenge considering how many companies are available to choose from in Baltimore. The company rank data below can help you pick which auto insurance companies you want to consider purchasing from. The ratings below are for the largest auto insurers in America, so smaller companies will not be included in these rankings.
Top 10 Large Car Insurance Companies Overall in Baltimore
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
Top 10 Large Car Insurance Companies in Baltimore Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
Last year’s bargain might be this year’s rip off
Baltimore car insurance rates are based on many factors that may substantially change the price you have to pay for coverage. Getting older, buying a home, or getting a speeding ticket may cause policy rate changes that can now make some companies cheaper than before.
Not only may your risk profile change, but car insurance companies modify rates as often as every three months to adjust for unexpected claims or profits. An extended period of higher than normal claims can cause higher rates, while a profitable period may result in cheaper Baltimore car insurance rates.
As an example, the data below shows which company has the cheapest car insurance in Baltimore, MD for a 45-year-old female driver with no accidents or violations, and a high credit rating. If we estimate rates based on her current situation, USAA quotes the most affordable car insurance rates in Baltimore at $1,620 each year. This is $61 more than the average premium paid by Maryland drivers of $1,559. Penn National, Liberty Mutual, Erie, and State Auto are the remainder of the cheapest Baltimore, MD auto insurance companies.
In this next rate comparison, we will give the driver from above some claims, a lower credit rating, and a speeding citation. Because each company has a different formula to establish rates, comparing rates may result in a new list of cheap Baltimore auto insurance companies as shown below.
Nationwide now has the lowest price in Baltimore, MD with MetLife, Travelers, California Casualty, and GEICO now being in the top five. This illustrates why consumers need to take the time to compare lots of rates to get the lowest car insurance quotes for a learners permit.
Insurance rates are impacted by many different factors and change substantially, so the best price six months ago may now be one of the more expensive options.