Finding the cheapest insurance for a Land Rover LR2 in Maryland could be difficult, but you can follow the following methods to find lower rates. There is a right way and a wrong way to buy insurance and we’ll show you the absolute fastest way to price shop coverage on a Land Rover and get the best price possible.
If you are already insured or need a new policy, you can use these techniques to shop for the lowest rates and still have adequate protection. Locating the best-priced insurance policy in Baltimore is simple if you know the tricks. Drivers just have to use the proper way to shop their coverage around from multiple carriers.
Companies offering competitive Land Rover LR2 prices in Baltimore, MD
The car insurance companies shown below provide free rate quotes in Baltimore, MD. In order to find cheaper auto insurance in MD, we recommend you compare several of them to get the lowest price.
Land Rover LR2 insurance coverage information
The premium table shown below highlights different coverage costs for Land Rover LR2 models. Having a good understanding how insurance quotes are formulated can be useful when making informed decisions when comparing rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $250 | $428 | $390 | $24 | $116 | $1,208 | $101 |
| LR2 HSE | $250 | $428 | $390 | $24 | $116 | $1,208 | $101 |
| LR2 HSE Luxury | $250 | $428 | $390 | $24 | $116 | $1,208 | $101 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price estimates do not factor in the specific area where the vehicle is garaged which can affect premium rates noticeably.
Higher deductibles lower rates
When buying insurance, a common question is how high or low should comp and collision deductibles be. The rates shown below show how much more rates are of buying low and high deductibles. The first data set uses a $100 deductible for physical damage and the second rate chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $440 | $744 | $406 | $24 | $122 | $1,761 | $147 |
| LR2 HSE | $440 | $744 | $406 | $24 | $122 | $1,761 | $147 |
| LR2 HSE Luxury | $440 | $744 | $406 | $24 | $122 | $1,761 | $147 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| LR2 | $320 | $502 | $406 | $24 | $122 | $1,374 | $115 |
| LR2 HSE | $320 | $502 | $406 | $24 | $122 | $1,374 | $115 |
| LR2 HSE Luxury | $320 | $502 | $406 | $24 | $122 | $1,374 | $115 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Rate quotes do not factor in vehicle location which can revise premiums considerably.
Based on the figures above, using a $100 deductible will cost you roughly $32 more each month or $384 for a full year than requesting the higher $500 deductible. Since you would pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you tend to go at least 13 months between claim filings, you would probably save some money if you choose the higher deductible.
How to calculate deductible break even point
| Average monthly premium for $100 deductibles: | $147 |
| Average monthly premium for $500 deductibles (subtract): | – $115 |
| Monthly savings from raising deductible: | $32 |
| Difference between deductibles ($500 – $100): | $400 |
| Divide difference by monthly savings: | $400 / $32 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 13 months |
An important thing to remember is that a higher deductible results in having to pay to pay more out-of-pocket when you have to file a claim. You will want to have enough extra savings in the event you have to pay the higher deductible in order to repair your vehicle.
Cost difference between full coverage and liability
The information below shows the difference between Land Rover LR2 premium costs with liability coverage only compared to full coverage. The premium estimates are based on no accidents or driving violations, $500 deductibles, drivers are single, and no other discounts are factored in.
When to drop comprehensive and collision
There is no clear-cut formula that is best for determining when to drop full coverage, but there is a broad guideline. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Land Rover LR2 claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $7,000 after the policy deductible has been paid. If you are paying in excess of $700 a year for comprehensive and collision coverage, then it might be time to consider dropping full coverage.
There are some scenarios where buying only liability insurance is not a good plan. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.
Lower-cost Land Rover LR2 insurance in Baltimore
Car insurance can cost a lot, but discounts can save money and there are some available to cut the cost considerably. Certain credits will be shown when you get a quote, but less common discounts must be specifically requested before they will apply.
- Driver Safety – Successfully completing a class that teaches defensive driving techniques could cut 5% off your bill if you qualify.
- Good Students Pay Less – Performing well in school can earn a discount of 20% or more. Earning this discount can benefit you well after school through age 25.
- Discounts for Federal Employees – Being employed by or retired from a federal job may reduce rates when you quote Baltimore car insurance depending on your car insurance provider.
- Auto/Life Discount – If the company offers life insurance, you could get better rates if you take out auto and life insurance together.
- Homeowners Savings – Just being a homeowner can save a few bucks because of the fact that having a home means you have a higher level of financial diligence.
- Discounts for New Vehicles – Insuring a new LR2 is cheaper because new model year vehicles have to meet stringent safety requirements.
It’s important to note that most discount credits are not given to the entire cost. A few only apply to individual premiums such as comprehensive or collision. So when it seems like you would end up receiving a 100% discount, that’s just not realistic.
The illustration below shows the comparison of Land Rover LR2 yearly insurance costs with and without discounts applied to the premium. Data assumes a male driver, no driving violations, no at-fault accidents, Maryland state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, claim-free, safe-driver, marriage, and multi-car discounts applied.
A list of car insurance companies and some of their more popular discounts can be read below.
- GEICO may offer discounts for membership and employees, anti-lock brakes, multi-policy, daytime running lights, air bags, defensive driver, and seat belt use.
- USAA has savings for good student, new vehicle, driver training, multi-policy, military installation, and safe driver.
- Progressive includes discounts for homeowner, online signing, multi-policy, good student, continuous coverage, multi-vehicle, and online quote discount.
- American Family offers premium reductions for good student, bundled insurance, air bags, early bird, defensive driver, mySafetyValet, and good driver.
- Esurance may have discounts that include Pac-12 alumni, emergency road assistance, multi-policy, DriveSense, claim free, and anti-theft.
- Farmers Insurance policyholders can earn discounts including business and professional, homeowner, electronic funds transfer, pay in full, switch companies, and bundle discounts.
- State Farm offers discounts for multiple policy, student away at school, Drive Safe & Save, accident-free, anti-theft, driver’s education, and defensive driving training.
If you are trying to find the cheapest Land Rover LR2 rate quotes, ask all the companies which credits you are entitled to. Savings may not apply in Baltimore.
How to Lower Your Insurance Rates
It’s important that you understand some of the things that aid in calculating your premiums. When consumers understand what influences your rates, this enables you to make decisions that may reward you with cheaper rates.
Additional coverages that may be costing you – There are a lot of additional coverages that can waste your money if you aren’t careful. Insurance for rental car coverage, towing, and extra life insurance coverage could be just wasting money. These coverages may sound good when discussing your needs, but now you might not need them so remove them from your policy.
Safer occupants lowers rates – Vehicles with high crash test scores can get you lower premiums. Vehicles engineered for safety reduce injuries and reduced instances of injuries translates into savings for insurance companies and lower rates for you.
Your age impacts your prices – Beginning drivers in Maryland are known to be easily distracted when driving with friends therefore car insurance rates are much higher. Mature drivers have been proven to be more responsible, cause fewer claims and accidents, and are safer drivers.
The following chart uses these assumptions: single driver, full coverage with $250 deductibles, and no discounts or violations.
Insurance rates in urban areas – Being located in less populated areas is a positive aspect when it comes to car insurance. Fewer people means a lower chance of having an accident and also fewer theft and vandalism claims. People who live in big cities regularly have much more traffic and more severe claims. Higher commute times translates into higher accident risk.
Raising physical damage deductibles saves money – The deductibles you choose state the amount of money you are willing to pay if a claim is determined to be covered. Physical damage protection, also called ‘full coverage’, covers damage that occurs to your car. Examples of some claims that would be covered are rear-ending another vehicle, animal collisions, or theft of your vehicle. The more you’re willing to pay, the better rate you will receive.
Does insurance coverage cost less for women? – Over the last 50 years, statistics have shown that men are more aggressive behind the wheel. Now that doesn’t mean women are better drivers. Females and males cause auto accidents at about the same rate, but men cause more damage. In addition to higher claims, males also get more serious tickets like DUI and reckless driving.
The chart below compares Land Rover LR2 yearly insurance costs for male and female drivers. The premiums are based on no tickets, no at-fault accidents, comprehensive and collision coverage, $1,000 deductibles, single status, and no discounts are taken into consideration.
Better credit means lower costs – Having a good credit history can be an important factor in determining what you pay. Insureds with very high credit ratings tend to file fewer claims and have better driving records than drivers with lower credit scores. So if your credit score could use some work, you could potentially save money when insuring your Land Rover LR2 by repairing your credit.
How’s your driving record? – A bad driving record impacts your car insurance rates tremendously. Attentive drivers get better rates as compared to those with violations. Only having one ticket can bump up the cost substantially. People who have careless citations such as reckless driving or DUI are required to file a SR-22 with their state DMV in order to continue driving.
The illustration below shows how violations and fender-benders can raise Land Rover LR2 car insurance costs for different age groups of insureds. The data assumes a single female driver, full physical damage coverage, $250 deductibles, and no discounts are taken into consideration.
Land Rover LR2 insurance loss data – Companies factor in insurance loss information to help calculate premium prices. Vehicles that tend to have increased claim numbers or amounts will cost more for coverage.
The next table illustrates the loss history for Land Rover LR2 vehicles. For each policy coverage type, the loss probability for all vehicles as a whole equals 100. Numbers shown that are under 100 indicate a favorable loss history, while values that are above 100 point to more frequent losses or tendency to have larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Land Rover LR2 4dr 4WD | 115 | 162 | 99 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
How to know if you need help
Keep in mind that when it comes to choosing your policy, there really is not a perfect coverage plan. Everyone’s situation is unique.
For instance, these questions may help highlight if your insurance needs may require specific advice.
- Are rental cars covered under my policy?
- Does my Land Rover LR2 need full coverage?
- Am I covered by my spouse’s policy after a separation?
- Am I covered when using my vehicle for business?
- Should I rate my Land Rover LR2 as pleasure use or commute?
- What does UM/UIM cover?
If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form. It’s fast, free and can provide invaluable advice.
Do I need an agent?
Certain consumers just prefer to sit down with an agent. Insurance agents are highly skilled in risk management and give you someone to call. The best thing about comparing rates online is that you can find cheap rate quotes but still work with a licensed agent.
By using this form (opens in new window), the coverage information is transmitted to agents in your area that can provide free Baltimore car insurance quotes for your coverage. You won’t even need to leave your computer because prices are sent instantly to you. If you wish to quote rates from a specific insurance company, just visit that company’s website and submit a quote form there.
Picking the best insurance company should depend on more than just the price. Here are some questions you might want to ask.
- Is working in the agency their full-time job?
- Do they have any clout with companies to ensure a fair claim settlement?
- What are their preferred companies if they are an independent agency?
- Are they involved in claim handling?
- Will their companies depreciate repairs to your car based on the mileage?
How to choose the best car insurance agent in Baltimore
If you are wanting to find local Baltimore agents, it helps to know the two types of agencies from which to choose. Agents can be categorized as either exclusive or independent. Either type can handle car insurance, but it is a good idea to know the difference between them because it can factor into the type of agent you choose.
Exclusive Insurance Agents
Agents that choose to be exclusive can only provide one company’s prices such as AAA, State Farm, Farmers Insurance, and Allstate. These agents are unable to shop your coverage around so they are skilled at selling on more than just price. Exclusive agencies are trained well on sales techniques which helps them sell insurance even at higher premiums. A lot of people use the same exclusive agent mainly due to the brand legacy instead of buying on price only.
Listed below is a short list of exclusive insurance agents in Baltimore willing to provide price quote information.
- Aja Green – State Farm Insurance Agent
7635 Belair Rd – Baltimore, MD 21236 – (410) 882-9433 – View Map - Kennedy Ins Agency – Progressive Insurance
410 Ingleside Ave – Baltimore, MD 21214 – (410) 719-6006 – View Map - Bob Duda – State Farm Insurance Agent
7939 Honeygo Blvd #105 – Baltimore, MD 21236 – (410) 529-2523 – View Map
Independent Car Insurance Agencies
These agents are not required to write business for one company so they can quote policies with a variety of different insurance companies and get the cheapest rates. If they find a lower price, they can switch companies in-house and you don’t have to find a new agent.
If you are comparing rate quotes, we recommend you get quotes from several independent agencies in order to compare the most rates. A lot of them also have access to smaller mutual companies which can be an advantage.
Listed below is a short list of independent insurance agencies in Baltimore who can help you get comparison quotes.
- Nationwide Insurance: Robert Frank Stastny
6822 Harford Rd – Baltimore, MD 21234 – (410) 254-1500 – View Map - Hill Point Insurance LLC
1400 S Charles St – Baltimore, MD 21230 – (410) 779-9272 – View Map - Maryland Auto Insurance (the new MAIF)
1215 E Fort Ave #300 – Baltimore, MD 21230 – (800) 492-7120 – View Map
After receiving satisfactory answers to these questions as well as offering an affordable quote, it’s possible that you found an insurance agent that meets the criteria to insure your vehicles. Just keep in mind you have the power to cancel your coverage for any reason so don’t assume that you’re stuck with any specific company indefinitely.
Cheap car insurance premiums are possible
Insureds change insurance companies for a number of reasons such as high prices, poor customer service, high rates after DUI convictions and being labeled a high risk driver. Regardless of your reason for switching companies, switching car insurance companies is less work than it seems.
As you restructure your insurance plan, it’s very important that you do not skimp on critical coverages to save a buck or two. There are many occasions where someone dropped collision coverage and found out when filing a claim that the few dollars in savings costed them thousands. Your objective should be to buy the best coverage you can find at the best possible price.
The cheapest Land Rover LR2 insurance in Baltimore is possible online and from local agencies, so you should be comparing quotes from both in order to have the best chance of saving money. Some car insurance companies don’t offer rates over the internet and many times these regional insurance providers work with independent agencies.
Steps to quoting cheaper Land Rover LR2 insurance in Baltimore
If saving money is your primary concern, then the best way to find more affordable Land Rover LR2 insurance in Baltimore is to start comparing rates regularly from providers in Maryland.
First, spend some time learning about individual coverages and the factors you can control to prevent expensive coverage. Many rating factors that drive up the price such as your driving record and a negative credit history can be remedied by being financially responsible and driving safely.
Second, request rate estimates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like Progressive or Farmers Insurance, while independent agents can give you price quotes for a wide range of companies. Compare rates
Third, compare the new rate quotes to your existing rates and determine if cheaper LR2 coverage is available. If you find a better price, make sure there is no coverage gap between policies.
Fourth, give notification to your current company to cancel your existing policy and submit a signed application and payment to the new company. Once coverage is bound, safely store the proof of insurance paperwork in a readily accessible location in your vehicle.
The critical component of shopping around is to use the same coverage limits and deductibles on every price quote and and to analyze every insurance company. This helps ensure a fair rate comparison and a complete selection of prices.
For more information, take a look at the resources below:
- Smart Auto Insurance Tips (Insurance Information Institute)
- Who Has Affordable Baltimore Car Insurance Quotes for Drivers Over Age 60? (FAQ)
- How Much are Car Insurance Quotes After a Speeding Ticket in Baltimore? (FAQ)
- What Car Insurance is Cheapest for a 20 Year Old Male in Baltimore? (FAQ)
- Prom Night Tips for Teen Drivers (State Farm)
- Side Impact Crash Tests (iihs.org)
- New vehicle ratings focus on headlights (Insurance Institute for Highway Safety)
- When is the Right Time to Switch Car Insurance Companies? (Allstate)