You have most likely watched the captivating commercials from auto insurance companies like The General and Allstate guaranteeing the cheapest price. So you just need to choose the one with the most memorable commercial, right?
Unfortunately, it’s not that simple as there are a whole bunch of unknown factors like what deductibles to use for physical damage coverage, your financial stability, whether you are female or male, and if you need full coverage or liability-only, that all go into determining the rate you pay. We know insurance is not everyone’s favorite topic, but in this article we will cover the best ways to compare rates and educate you enough to have a good beginning to your search for cheaper coverage.
The vehicle you are insuring is a significant factor when quoting the lowest-priced car insurance for 19 year olds. Vehicles with lower performance, advanced safety features, or a track record of few liability claims will cost quite a bit less to insure than higher performance models.
The next list ranks car insurance prices for a number of the cheapest automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $7,012 |
| Honda CR-V LX 2WD | $7,021 |
| Ford Escape XLT 4WD | $7,096 |
| Hyundai Elantra SE Touring Station Wagon | $7,587 |
| Toyota Prius | $7,671 |
| Jeep Wrangler Sahara 4WD 2-Dr | $7,831 |
| Volkswagen Jetta SE 2.5 Station Wagon | $8,166 |
| Ford Focus S 4-Dr Sedan | $8,239 |
| Ford Edge SE AWD | $8,246 |
| Jeep Grand Cherokee Laredo 2WD | $8,323 |
| Toyota Camry LE | $8,328 |
| Chevrolet Impala LT | $8,323 |
| Toyota RAV4 Limited 2WD | $8,328 |
| Find Cheaper Rates Go | |
Data based on single female driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Price information does not factor in your specific Baltimore, MD location which can influence prices considerably.
Based upon the rates shown, we can tell that makes and models like the Honda Accord, Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius will be a few of the cheaper vehicles to insure for teenage drivers. The price for an auto insurance policy will be more expensive just due to the fact that there is more claim exposure for 19 year olds, but generally speaking those particular vehicles will tend to have the cheapest rates compared to all other vehicles.
Finding decent, low-cost auto insurance is not the easiest thing to accomplish, and finding out which company has the best insurance rates for 19 year olds involves a little more work.
Each insurer has a proprietary method to set their prices, so let’s take a look at the most competitive insurance companies in Baltimore, MD. It’s important that readers know that Baltimore, MD insurance rates are calculated based on many things that will increase or decrease the policy price. Things like getting older, moving across town, or getting a ticket for careless driving can trigger changes in premium that can cause some rates to be more expensive than before.
Lowest Insurance Price Quotes for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $930 |
| 2 | Liberty Mutual | $1,092 |
| 3 | Penn National | $1,126 |
| 4 | Erie | $1,161 |
| 5 | State Auto | $1,214 |
| 6 | Amica | $1,295 |
| 7 | MetLife | $1,414 |
| 8 | Travelers | $1,426 |
| 9 | GEICO | $1,428 |
| 10 | Nationwide | $1,435 |
| 11 | California Casualty | $1,529 |
| 12 | Allstate | $1,596 |
| 13 | State Farm | $1,696 |
| 14 | Progressive | $2,086 |
| 15 | Encompass | $2,490 |
| 16 | Victoria | $3,023 |
| Find Cheaper Rates Go | ||
USAA may offer some of the most affordable car insurance rates in Baltimore at around $930 each year. Liberty Mutual, Penn National, Erie, and State Auto also rank well as some of the best Baltimore, MD auto insurance companies.
As the rates illustrate above, if you are a customer of Liberty Mutual and switched to USAA, you could see annual savings of approximately $162. Customers with Penn National might save as much as $196 a year, and Erie policyholders might lower prices by up to $231 a year.
Be aware that those prices are averaged for all drivers and vehicles in Maryland and are not factoring in a specific location for 19 year olds. So the auto insurance company that is most affordable for your situation may not even be in the list above. That is why you need to get car insurance quotes using your own personalized driver profile and vehicle information.
For teenage drivers, one of the big things that aid in calculating car insurance rates is where you call home. Cities with more crime and/or more people tend to pay slightly more, whereas more rural areas receive better rates.
The illustration below ranks the most costly cities in Maryland for 19 year olds to buy car insurance in. Baltimore comes in at #1 with a yearly cost of $1,742 for the average insurance policy, which is around $145 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Baltimore | $1,742 |
| 2 | Woodlawn | $1,657 |
| 3 | Dundalk | $1,490 |
| 4 | Towson | $1,467 |
| 5 | Essex | $1,459 |
| 6 | Bowie | $1,446 |
| 7 | Aspen Hill | $1,435 |
| 8 | Catonsville | $1,432 |
| 9 | Silver Spring | $1,417 |
| 10 | Waldorf | $1,375 |
| 11 | Glen Burnie | $1,342 |
| 12 | Wheaton | $1,335 |
| 13 | Severn | $1,327 |
| 14 | Rockville | $1,303 |
| 15 | Germantown | $1,275 |
| 16 | Potomac | $1,274 |
| 17 | Ellicott City | $1,271 |
| 18 | Gaithersburg | $1,265 |
| 19 | Columbia | $1,225 |
| 20 | Bel Air South | $1,222 |
| 21 | Annapolis | $1,218 |
| 22 | Bethesda | $1,215 |
| 23 | North Bethesda | $1,206 |
| 24 | Frederick | $1,014 |
| 25 | Hagerstown | $980 |
| Find Cheaper Insurance Go | ||
Information shown are comparative as the specific Baltimore residence address can modify insurance rates significantly.
Should you buy full coverage?
Lowering the price of insurance is important to most drivers, and one of the best ways to buy cheap insurance for 19 year olds is to not pay for full coverage. The illustration below visualizes the comparison of auto insurance costs with liability coverage only compared to full coverage. The rates are based on a clean driving record, no claims, $100 deductibles, marital status is single, and no discounts are factored in.
As an overall average, full coverage on your policy costs $2,323 per year more than just buying liability only. At some point, almost every driver questions if physical damage coverage is worth the money. There is no definitive rule of when to stop paying for full coverage on your policy, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.
Insurance rates are higher with tickets and accidents
The best way to find cheap insurance prices in Baltimore for teenage drivers is to drive cautiously and avoid traffic citations and accidents. The diagram below illustrates how speeding tickets and at-fault claims raise auto insurance rates for different age categories. The data is based on a married male driver, full coverage, $250 deductibles, and no discounts are taken into consideration.
In the previous chart, the average cost of an auto insurance policy per year with no violations or accidents is $2,422. Get two speeding tickets and the average cost increases to $3,350, an increase of $928 each year. Then include one accident along with the two speeding tickets and the yearly cost of insurance for 19 year olds goes up to an average of $4,297. That’s an increase of $1,875, or $156 per month, just for not driving responsibly!
The benefit of shopping around
Maryland insurance rates are calculated based on many things that control the policy premium. Getting older, buying a different home, or getting a reckless driving citation can produce rate changes resulting in some companies being cheaper than before.
Additionally, insurance companies change their prices without warning to adjust for unexpected claims or profits. Heavy losses can cause increased policy costs, while a better loss history can produce lower-cost Baltimore car insurance rates.
To help illustrate this point, the data below shows rates for the cheapest car insurance in Baltimore, MD for a 45-year-old male driver with no accidents or violations, and a high credit rating. If we estimate prices based on his current risk factors, USAA might offer the most affordable car insurance rates in Baltimore at $1,604 annually. This is $45 more than the average price paid by Maryland drivers of $1,559. Penn National, Liberty Mutual, Erie, and State Auto are also included in the best Baltimore, MD auto insurance companies.
Now we will give the driver from the first set of rates an accident claim, a lower credit rating, and a traffic citation. Since every car insurance company has a proprietary formula for determining rates, analyzing rate quotes could now result in a substantially altered list of the cheapest Baltimore car insurance companies as shown below.
Nationwide now has the lowest price in Baltimore, MD with MetLife, Travelers, GEICO, and Penn National also being competitive. This demonstrates why consumers need to take the time to compare many different companies to get cheap car insurance rates for 19 year olds. Auto insurance prices are impacted by many factors and change dramatically, so the most economical option the last time you compared rates may now be wasting a lot of money.