The vehicle to be insured is one of the largest factors when comparing quotes for cheaper auto insurance for drivers over age 70. Vehicles with economical engines, excellent safety ratings, or a low likelihood of liability claims will cost significantly less to insure than high performance models.
The data below outlines car insurance prices for the most affordable automobiles to insure in Maryland.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $2,750 |
| Ford Escape XLT 2WD | $2,758 |
| Honda CR-V EX-L 4WD | $2,796 |
| Toyota Prius | $3,014 |
| Honda Odyssey LX | $3,039 |
| Ford Edge SEL 2WD | $3,212 |
| Ford Focus S 4-Dr Sedan | $3,217 |
| Dodge Grand Caravan Hero | $3,257 |
| Toyota Camry LE | $3,262 |
| Toyota RAV4 Limited 2WD | $3,257 |
| Volkswagen Jetta LE 4-Dr Sedan | $3,267 |
| Nissan Altima 2.5 4-Dr Sedan | $3,257 |
| Jeep Grand Cherokee Laredo 2WD | $3,267 |
| Chevrolet Impala LT | $3,257 |
| Ford F-150 XLT Crew Cab 4WD | $3,303 |
| Ford Explorer Eddie Bauer AWD | $3,311 |
| Toyota Corolla XLE | $3,434 |
| Hyundai Elantra SE 4-Dr Sedan | $3,439 |
| Toyota Tacoma X-Runner 2WD | $3,434 |
| Chevrolet Equinox LTZ AWD | $3,479 |
| Chevrolet Malibu LTZ | $3,488 |
| Chevrolet Silverado LT Extended Cab 2WD | $3,507 |
| Nissan Rogue S 2WD | $3,512 |
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Premium data assumes single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, safe-driver, and claim-free. Rates do not factor in specific zip code location which can decrease or increase auto insurance rates substantially.
Based upon the rates shown, cars like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius are most likely to be some of the most affordable vehicles to insure for older drivers. The price of auto insurance will be more expensive because there is more claim risk for drivers over age 70, but in general those particular vehicles will have the lowest insurance rates compared to other vehicles.
One of the many things that aid in calculating the annual cost of car insurance is where you call home. Cities with more crime and/or more people will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive cheaper rates.
The information below sorts the most expensive places in Maryland for drivers over age 70 in which to buy car insurance. Baltimore is ranked #1 with an annual cost of $1,814 for the average policyholder, which is approximately $151 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Baltimore | $1,814 |
| 2 | Woodlawn | $1,674 |
| 3 | Dundalk | $1,535 |
| 4 | Towson | $1,467 |
| 5 | Silver Spring | $1,460 |
| 6 | Essex | $1,459 |
| 7 | Aspen Hill | $1,420 |
| 8 | Waldorf | $1,417 |
| 9 | Catonsville | $1,417 |
| 10 | Bowie | $1,404 |
| 11 | Glen Burnie | $1,370 |
| 12 | Wheaton | $1,361 |
| 13 | Severn | $1,327 |
| 14 | Ellicott City | $1,283 |
| 15 | Columbia | $1,275 |
| 16 | Germantown | $1,275 |
| 17 | Annapolis | $1,268 |
| 18 | Gaithersburg | $1,265 |
| 19 | Bethesda | $1,252 |
| 20 | Rockville | $1,251 |
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Rates are comparative as zip code location can decrease or increase prices considerably.
Insurance rate increases from tickets or accidents
In a perfect world, the ideal way to enjoy low auto insurance prices in Maryland for older drivers is to drive cautiously and maintain a clean driving record. The diagram below illustrates how violations and fender-benders can influence insurance rates for different age groups. The premium estimates are based on a married male driver, comp and collision included, $250 deductibles, and no policy discounts are applied.
The data above shows the average cost of auto insurance in Baltimore per year with no accidents or violations is $2,422. Factor in one speeding ticket and the average cost hikes up to $2,785, an increase of $363 each year. Now include two accidents along with the one speeding ticket and the yearly cost of auto insurance for drivers over age 70 increases to an average of $5,934. That’s an increase of $3,512, or $293 per month, just for a couple of infractions!
Ending up with the best car insurance provider is hard considering how many companies sell insurance in Baltimore. The rank data in the lists below could help you choose which providers to look at purchasing from. The ratings below are for companies that insure vehicles across America, so smaller companies will not be included in these rankings.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
Your cheap policy may actually be overpriced
Baltimore, MD auto insurance rates are determined by lots of factors which can substantially decrease or increase the price you pay for coverage. Simply getting older, buying a home, or getting into an accident can trigger price changes that may make certain companies cheaper than others.
Also, insurance companies change their prices every year in order to offset underwriting gains or losses. Significantly higher losses may result in increased rates, while profitable underwriting can cause lower-priced Baltimore car insurance rates.
To illustrate this point, the graph below shows which companies have the cheapest car insurance in Baltimore, MD for a 45-year-old male driver with no accidents or violations, and a good credit history. If we compare prices based on his current rating profile, USAA has the best car insurance rates in Baltimore at $1,670 annually. This is $111 more than the average price paid by Maryland drivers of $1,559. Liberty Mutual, Erie, Penn National, and State Auto are also included in the cheapest Baltimore, MD auto insurance companies.
Now we will pretend the driver in the first chart an accident surcharge, poor credit, and a traffic ticket or two. Because every insurance company uses their own method for setting rates, comparing rates may now result in a significantly different list of the cheapest Baltimore car insurance companies as shown below.
Travelers now has the best auto insurance rate in Baltimore, MD with Nationwide, MetLife, GEICO, and Liberty Mutual also having competitive pricing. This example shows why Maryland drivers need to compare many different companies to find the cheapest auto insurance quotes for drivers over age 70.
Car insurance prices are determined by many different factors and change dramatically, so the lowest-price company three years ago may now be quite expensive.
How to find low-cost insurance for drivers over age 70
It is possible to find better rates, and here are some of the recommended thrifty solutions that can help drivers quote cheap coverage.
- Buy a safer vehicle
- Save money by staying claim-free
- Don’t waste money on full coverage for older vehicles
- Do not get tickets or violations
- At-fault accidents can raise rates significantly
- Buying car and homeowners insurance together can save money
- Keep rates low by comparing prices once a year
The last tip is notably valuable, as we stressed in this piece. Auto insurance rates can be changed at any time, so you should be ready to switch companies if a cheaper price is available. Sticking with a specific company is fine, but it’s not a great idea if your bullheadedness ends up costing you a small fortune year after year. It takes less than five minutes to compare prices and find cheaper car insurance for drivers over age 70 in Baltimore.
If you aren’t clear which coverage you need and would like to have some professional guidance when shopping for the best coverage for older drivers, the agencies below can aid you in deciding which coverage meets your needs best.
To locate a Baltimore auto insurance agent using an interactive map, click the button at the bottom.
Eve Hamper – State Farm Insurance Agent
1118 Light St A – Baltimore, MD 21230 – (410) 528-8900
Allstate Insurance Agency: Abernathy Michael
7696 Belair Rd – Baltimore, MD 21236 – (410) 426-5500
Tom Nash – State Farm Insurance Agent
454 E Fort Ave – Baltimore, MD 21230 – (410) 727-4545
Concrete Insurance
6405 Belair Rd – Baltimore, MD 21206 – (410) 433-0313