How Much Does Car Insurance Cost for Teenagers in Maryland?

One of the many criteria that is looked at to determine the cost of insurance is where your residence is in Maryland. Areas that are more densely populated or have higher claim rates like Baltimore, Dundalk, and Aspen Hill tend to have higher auto insurance costs, whereas less populated areas can boast about having cheaper rates.

The information below illustrates the most expensive places in Maryland for teenagers to purchase car insurance in.

Rate quotes are estimated as the specific zip code location can raise or lower rates considerably.

Finding out which companies quote the most affordable insurance rates for teenagers calls for a little more effort than just picking a company at random. Each insurer has their own guidelines to determine rates, so we’ll take a look at the insurance companies that tend to have lower prices in Maryland.

It’s important that readers know that Maryland insurance rates are based on many factors that may substantially change the cost of a policy. Improving your credit score, increasing deductibles, or getting a few speeding tickets can produce rate changes resulting in some companies being cheaper than competitors.

Find the Best Cheap Insurance for Teens

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USAA has some of the cheapest car insurance rates in Maryland at around $958 per year. Liberty Mutual, Erie, Penn National, and State Auto also make the cut as some of the cheapest Maryland auto insurance companies.

As shown above, if you are currently insured with Liberty Mutual and switched to USAA, you might achieve an annual savings of in the vicinity of $123. Maryland drivers with Erie may save as much as $169 a year, and Penn National insureds might lower prices by $179 a year.

To find out how much you can save, click here to begin a quote or quote rates from the companies below.

These estimates are averaged across all types of insureds and vehicles and do not factor in a rate surcharge for teenagers. So the auto insurance company that fits you best may not even be shown in the rate chart shown above. That helps illustrate why you need to get rate quotes using your own driver information and specific vehicle type.

The example below highlights how deductible selection can change insurance prices when trying to find cheap insurance for teenagers. The rate quotes are based on a single male driver, full coverage, and no discounts are applied to the premium.

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As shown above, a 30-year-old driver could lower their policy premium by $506 a year by switching from a $100 deductible to a $500 deductible, or save $762 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could roll back prices up to $1,508 every year by choosing a higher deductible. When insureds make the decision to increase the deductibles on their policy, it is essential to have plenty of discretionary funds to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Maryland insurance company ratings

Insuring your vehicle with a high-quality company can be rather challenging considering how many choices drivers have in Maryland. The ranking information in the lists below can help you analyze which providers to look at when shopping around.

These ratings are for the companies with a significant amount of written premium nationwide, so companies that have a smaller presence will not be included in the list. To check rates from these top-rated insurers and more, click here.

Top 10 Large Auto Insurers in Maryland Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Nationwide – 89%
5. Travelers – 88%
6. Progressive – 88%
7. Safeco Insurance – 88%
8. State Farm – 88%
9. Allstate – 88%
10. The Hartford – 87%

Progressive, Geico, State Farm, and Allstate: Who is cheapest?

When comparing auto insurance for teen drivers, four companies to take a look at are Progressive, Geico, State Farm, and Allstate. If you combine them together, they insure over 45% of all auto insurance written. They all offer a different combination of discounts, features, and options that you can choose from. The table below illustrates ratings for price, service, and claims, in additional to some of the optional coverages that you can purchase from each one.