Cheapest Car Insurance for Good Drivers in Maryland

Deciphering which companies have the lowest-priced insurance rates for good drivers will take a bit more effort than just quoting one company’s rates. Each insurer has a unique formula for setting prices, so let’s rank the most affordable insurance companies in Maryland.

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USAA may have some of the most affordable car insurance rates in Maryland at around $920 per year. Penn National, Liberty Mutual, Erie, and State Auto are also some of the cheaper Maryland insurance companies.

As the example above demonstrates, if you are insured with Liberty Mutual and switched to USAA, you could earn savings of in the neighborhood of $194. Policyholders with Erie might save as much as $241 a year, and State Auto insureds might lower prices by up to $294 a year.

Understand that those premiums are averages across all insureds and vehicles and and are not calculated with a rate discount for good drivers. So the car insurance company that fits your needs best may not even be in the above rate chart. That point stresses why you need to get quotes using your own driver data and vehicle information.

One of the key components that impact the cost of insurance is where you keep your vehicle in Maryland. Areas that are densely populated or have higher claim frequency like Baltimore, Dundalk, and Towson tend to have more expensive auto insurance rates, whereas cities that are not as densely populated get the luxury of paying less.

The information below rates the most expensive cities in Maryland for good drivers to purchase a policy in.

Premium costs are approximated as zip code location can increase or decrease coverage prices greatly.

The type of vehicle you are insuring is a large consideration that determines if you can find the cheapest auto insurance for good drivers in Maryland. Vehicles with lower performance, an excellent safety record, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models.

The list below presents auto insurance premiums for a number of the most affordable automobiles to insure in Maryland.

Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate information does not factor in garaging location in Maryland which can modify premium rates substantially.

Looking at the data, we can infer that models like the Honda Accord, Hyundai Elantra, and Ford Edge should be the more affordable vehicles to insure for safe drivers.

The example below demonstrates how choosing different deductibles can impact premium costs when quoting cheap insurance for good drivers. The premiums are based on a single female driver, full coverage, and no discounts are taken into consideration.

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As shown above, a 40-year-old driver could lower rates by $436 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $656 by choosing a $1,000 deductible. Younger drivers, like the age 20 example, could potentially save up to $1,118 or more by choosing a larger deductible amount. When using a larger deductible, it is essential to have enough in a savings account to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Which major car insurance company is best?

If you want the best car insurance for safe drivers, some of the first companies to look at are Progressive, State Farm, Geico, and Allstate. If you put them all together, they insure over 48% of all car insurance policies in America. Each company has a little bit different set of discounts and options that buyers can select from. The table below compares pricing and service ratings, plus some optional coverages that may be available in Maryland.