How Much Does Car Insurance Cost for Retired Military in Maryland?

When shopping for auto insurance for veterans, one of the many components that auto insurance companies use when figuring a rate quote is where your residence is in Maryland. Areas that are more densely populated like Baltimore, Dundalk, and Silver Spring tend to have higher auto insurance costs, whereas less populated areas benefit from lower rates.

The table below rates the most expensive cities in Maryland for retired military in which to buy car insurance.

Rates are approximated as the specific area where the vehicle is garaged can raise or lower rates substantially.

The vehicle you are seeking coverage for is a significant factor when comparing quotes for the most affordable coverage for retired military. Vehicles with lower acceleration and performance, a plethora of safety features, or a low likelihood of liability claims will cost substantially less to insure than adrenaline junky models. The tables below shows car insurance costs for a number of the most affordable vehicles to insure in Maryland.

Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, multi-policy, and safe-driver. Price estimates do not factor in specific Maryland garaging location which can revise price quotes substantially.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Prices do not factor in specific location which can raise or lower premiums considerably.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maryland minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Estimates do not factor in vehicle location which can lower or raise rates substantially.

Buying coverage from the top insurance provider can be a challenge considering how many choices drivers have in Maryland. The company information below could help you choose which companies you want to consider comparing prices from.

These ratings are only comprised of companies that insure vehicles nationwide, so companies that have a smaller presence are not taken into consideration for the list. To get price quotes from these top-rated insurers and more, follow this link.

Top 10 Large Auto Insurance Companies in Maryland Ranked by Claims Service

1. Travelers
2. Nationwide
3. Allstate
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. Titan Insurance
10. AAA Insurance

Top 10 Large Auto Insurance Companies in Maryland Ranked by A.M. Best Rating

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Who has the cheapest insurance quotes for veterans?

Drivers have a lot of different ways to get affordable auto insurance quotes in Maryland, but the most frequently used ways are using an independent insurance agent, a captive (or exclusive) agency such as State Farm or Allstate, or direct from companies such as Progressive or Geico. They all follow the same basic process, but buyers need to know the differences in how they function.

Independent agencies work with multiple companies and can compare rates with every one. These types of agents can sell policies from many different companies and can give you more rate choices, which can give you improved odds of finding cheaper coverage. If your premiums go up, the business is moved internally and you don’t have to do anything.

A captive or exclusive agent is only able to quote rates with a single company, examples being State Farm and Allstate agents. Exclusive agents cannot provide prices from multiple companies, so they have to upsell other benefits.

If you want to buy auto insurance direct, you skip a local agent and buy from a direct company like Esurance or Geico. This auto insurance option may be good for families who do not have complex finances and know how auto insurance works.

So which way is best for finding cheap car insurance for retired military in Maryland? The majority of auto insurance shoppers assume that shopping direct saves the most money since there isn’t an agent involved, but in reality, that is not true. It could also be said using an independent agent saves the most money since they can provide multiple quotes, but that idea is not necessarily true either. And occasionally, the exclusive agents may have prices that other companies cannot beat.

Due to that fact that auto insurance uses so many rating variables, really the best method to get rock-bottom rates is to get as many comparison quotes as possible. Put in the effort to get price quotes from all three to give yourself plenty of rates to compare. For a list of companies offering online discounts, click here to view.

How to find cheaper auto insurance for retired military

It is possible to find better rates, and here are many penny-pinching ideas that can help drivers quote cheaper coverage.

• Increase the comprehensive and collision deductibles on your policy
• Ensure your driving record is clean
• If your vehicles are older, consider dropping full coverage
• Drive attentively and avoid accidents
• Save money by staying claim-free
• Comparison shop at least every other year

That final tip is notably necessary, as was emphasized in this write-up. Insurance rates in Maryland can change considerably based on profitability, so you should be ready to switch companies if a more affordable rate is found.

Brand loyalty is great, but it’s not a great idea if that devotedness results in you overpaying hundreds of dollars year after year. Take a couple minutes and compare rates to find cheaper insurance for retired military.