Cheapest Auto Insurance Quotes for Drivers Over Age 70 in Maryland

You have probably seen the ads from auto insurance companies like Farmers, Allstate, and The General that promise enormous savings, so drivers just need to pick the one with the catchiest commercial, right?

It’s not that simple, unfortunately, as there are a whole bunch of unknown elements such as the number of years you have been driving, the level of liability coverage you want, the crime level of your neighborhood, and what deductibles to use for physical damage coverage. This article goes into detail about the best ways to maintain low rates and will hopefully give the reader a solid foundation to find cheaper car insurance.

Comparing quotes for budget insurance is not most people’s favorite thing to do, and determining which insurers offer the best auto insurance rates for drivers over age 70 takes a little more work. Insurance rates should be slightly more than the average policy in Maryland, with the increase attributed to the higher likelihood of claims related to selling insurance for older drivers, but reasonably-priced coverage should be possible if you find the right company.

Every insurance provider uses their own formula for determining prices, so we’ll take a look at the auto insurance companies that tend to have lower prices in Maryland. It’s important to understand that Maryland auto insurance rates are calculated based on many things which can significantly increase or decrease the policy price. Events such as a birthday, moving across town, or having an accident can cause premium changes resulting in some rates now being less affordable than competitors.

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USAA may offer some of the best car insurance rates in Maryland at around $948 a year. Liberty Mutual, Penn National, Erie, and State Auto would also make the list of some of the best Maryland insurance companies.

As shown in the table above, if you have coverage with State Auto and switched to Liberty Mutual, you might see an annual savings of upwards of $133. Drivers with Amica may save as much as $214 a year, and Travelers insureds might reduce prices by as much as $303 a year.

To find the cheapest car insurance for drivers over age 70 in Maryland, click here or visit several of the following companies.

Remember that these policy prices are averages for all drivers and vehicles and and are not figured with a price surcharge for drivers over age 70. So the company that can offer you the lowest price may not even be included in the list of companies shown earlier. That point stresses why you need to compare rates from multiple companies using your own personal information and vehicle type.

When shopping for cheaper car insurance for older drivers, one of the many factors that car insurance companies use when figuring the price of your policy is where your residence is. Areas with more people or even just a higher incidence of claims like Baltimore, Dundalk, and Essex tend to have more expensive car insurance rates, whereas areas with less crime or weather claims generally benefit from lower car insurance rates.

The table below rates the higher priced cities in Maryland for drivers over age 70 to buy auto insurance in.

Rates are approximated as the specific garaging location can raise or lower coverage prices substantially.

Responsible drivers pay cheaper auto insurance rates

In a perfect world, the best way to enjoy cheap auto insurance prices for older drivers is to drive attentively and avoid at-fault accidents and violations. The information below demonstrates how speeding tickets and at-fault collisions increase auto insurance costs for different age groups of insureds. The prices are based on a married male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

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In the previous example, the average cost of an auto insurance policy in Maryland per year with no violations or accidents is $1,629. Get written up for one speeding ticket and the average cost rises to $1,872, an increase of $243 each year. Now get two accidents along with the one speeding ticket and the yearly cost of auto insurance for drivers over age 70 increases to an average of $4,063. That’s an increase of $2,434, or $203 per month, just for not keeping your driving record clean!

Ending up with the top insurer is difficult considering how many choices drivers have in Maryland. The company ratings below may help you analyze which providers you want to consider when trying to find the cheapest insurance for drivers over age 70.

These ratings include major nationwide insurance companies, so companies that only write business in Maryland or surrounding areas will not be included in this list. To compare rates from these top-rated insurers and more, click this link.

Which auto insurance company is best?

If you’re looking for the best auto insurance for older drivers in Maryland, some of the first companies to look at are Allstate, Progressive, State Farm, and Geico. The data below illustrates some of the ratings and options shoppers can find with each company.