Cheapest Auto Insurance for 16 Year Olds in Maryland

Finding decent, affordable insurance is not the easiest thing to do, and deciding which insurers offer the best car insurance rates for 16 year olds involves a bit more work. Coverage prices will probably be much greater than the average price in Maryland, with the increase attributed to the additional risk associated with offering coverage for new drivers, but competitive insurance should be attainable if you look hard enough.

Every car insurance company has a different formula for setting rates, so let’s take a look at the car insurance companies that tend to have lower prices in Maryland. It’s important that you understand Maryland car insurance rates are impacted by many factors which can substantially decrease or increase the cost of a policy. That is why drivers need to shop around with many companies when trying to get the most budget-friendly auto insurance rates for 16 year olds. Prices are calculated by many factors and can decrease or increase without notice, so the cheapest option the last time you shopped your coverage around may now not even be in the top five.

Cheapest Insurance Rates for Teens

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USAA normally has some of the cheapest car insurance rates in Maryland at around $930 a year. Liberty Mutual, Erie, Penn National, and State Auto also rank well as some of the cheapest Maryland auto insurance companies.

As shown above, if you currently have coverage with Penn National and switched to Liberty Mutual, you might see annual savings of around $12. Customers with State Auto could save as much as $64 a year, and Amica customers might lower prices by $181 a year.

Bear in mind that those estimates are averages across all types of drivers and the different vehicles they drive and and are not calculated with a price surcharge for 16 year olds. So the company that fits you best may not even be included in the chart above. That helps illustrate why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

When shopping for the cheapest car insurance for new drivers, one of the many considerations used to determine the price of your policy is where your residence is in Maryland. Urban areas that are densely populated like Baltimore, Dundalk, and Essex tend to pay higher rates, whereas less populated areas have the benefit of the cheapest auto insurance for 16 year olds in Maryland.

The information below shows the priciest cities in Maryland for 16 year olds to buy car insurance in.

Annual rates are comparative as vehicle location can impact coverage prices noticeably.

The type of vehicle needing coverage is a significant factor when trying to find the cheapest auto insurance for 16 year olds in Maryland. Vehicles with economical engines, modern passenger safety features, or a track record of few liability claims will cost less to insure than high performance models.

The next list presents insurance costs for the cheapest automobiles to buy insurance for.

Premium data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in your specific Maryland location which can alter premium rates considerably.

Based upon the rates shown, you can expect models like the Ford Escape, Honda CR-V, Toyota Prius, Chevrolet Traverse, and Ford Explorer are most likely going to be a few of the most economical vehicles to insure for new drivers. Prices will tend to be more expensive just due to the fact that there is more inherent risk for 16 year olds, but overall those models will probably have the best rates compared to all other vehicles.

Is the best company State Farm, Geico, Progressive, or Allstate?

If you are shopping around for car insurance for new drivers in Maryland, the most popular companies are State Farm, Geico, Progressive, and Allstate. All offer liability and physical damage insurance, but each one has a unique set of features, discounts, and options that you can select from. The next table breaks down price, claims, and customer service ratings, as well as some optional coverages shoppers can find with each company.