How Much Does Car Insurance Cost for Hybrid Vehicles in Maryland?

The model of vehicle requiring coverage is one of the primary factors that determines if you can find cheap auto insurance for hybrid vehicles in Maryland. Vehicles with higher performance, poor passenger safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than safer models.

The tables below outlines auto insurance prices for the most economical automobiles to buy insurance for.

Price data assumes married female 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 information does not factor in specific location which can raise or lower coverage prices considerably.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Price estimates do not factor in specific location which can affect rates noticeably.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Rate quotes do not factor in specific Maryland garaging location which can affect prices considerably.

One of the key factors used to establish the amount you pay for auto insurance is your address in Maryland. Areas with more people or higher crime rates like Baltimore, Dundalk, and Silver Spring tend to pay higher rates, whereas areas with less congestion have the luxury of cheap auto insurance for hybrid vehicles in Maryland.

The next table rates the higher priced cities in Maryland for hybrid vehicles in which to buy car insurance.

Annual rates are approximated as vehicle location can raise or lower price quotes considerably.

Buying reasonably-priced car insurance is confusing at best, and figuring out which companies offer the lowest-priced auto insurance rates for hybrid vehicles involves even more shopping around. Each insurance company has a proprietary formula for determining prices, so first let’s look at the rankings for the auto insurance companies that tend to have lower prices in Maryland.

It’s important that you understand Maryland auto insurance rates are based on many factors which can significantly increase or decrease the policy premium. Improving your financial situation, buying another vehicle, or getting a few speeding tickets can trigger price changes that may make certain companies cheaper than before.

Best Auto Insurance Prices for Hybrids

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

In the rate table above, if you are a policyholder with Liberty Mutual and switched to USAA, you may see annual savings of upwards of $172. Drivers with Penn National may save as much as $184 a year, and Erie customers might reduce rates by $207 a year.

Be aware that those estimates are averaged for all types of insureds and vehicles and do not factor in a price decrease for hybrid vehicles. So the company that fits you best may not even be in the above list. That’s why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.

Choosing the right insurance company is hard considering how many different companies sell coverage in Maryland. The rank data shown below can help you choose which coverage providers to look at purchasing a policy from. These ratings are only made up of the companies with a significant amount of written premium nationwide, so companies with more of a regional focus are not taken into consideration for these rankings.

Company comparison: Geico vs Allstate vs State Farm vs Progressive

When buying auto insurance for hybrids, the companies that insure more vehicles than anyone else are Geico, Allstate, State Farm, and Progressive. The next table compares and contrasts some of the different options you can expect with each one.