Cheap Car Insurance for Teachers in Maryland

Shopping around for cost effective insurance is hard enough, and deciding which company quotes the cheapest insurance rates for teachers will involve even more shopping around. Premiums may be a little bit cheaper than the average rate in Maryland due to the posibility of fewer claims associated with offering coverage for teachers and educators. Cost-effective coverage should be easily found from many insurance companies.
Each auto insurance company has their own guidelines to set policy rates, so first let’s look at the rankings for the most budget-friendly insurance companies in Maryland.

It’s important to know that Maryland insurance rates are based on many factors which can substantially change the policy price. Simply having a birthday, buying higher coverage limits, or getting a few speeding tickets can trigger changes in premium that can cause some rates to be cheaper than others.

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USAA has some of the most affordable car insurance rates in Maryland at around $930 per year. Liberty Mutual, Penn National, Erie, and State Auto would also make the list of some of the lowest-priced Maryland car insurance companies.

In this example, if you have coverage with Erie and switched to USAA, you could realize annual savings of roughly $219. Drivers with State Auto may save as much as $248 a year, and Amica insureds might cut rates by $404 a year.

It’s important to note that these policy rates are averaged across all drivers and vehicles in Maryland and are not factoring in a rate decrease for teachers. So the auto insurance company that fits your situation best may not even be shown in the company chart above. That illustrates why you need to get auto insurance quotes using your own individual information.

When buying insurance for teachers and educators, one of the key factors that aid in calculating auto insurance rates is where you choose to live. Cities that have higher claim levels or more people like Baltimore, Dundalk, and Catonsville tend to pay more, whereas areas with lower crime rates and fewer weather claims receive better rates.

The information below sorts the priciest cities in Maryland for teachers to purchase auto insurance in.

Prices are comparative as specific Maryland zip code can raise or lower premiums significantly.

Get discounts on Maryland auto insurance

Insurers that sell cheap car insurance for teachers in Maryland may also give you price discounts that could lower prices by 35% or more if you are eligible for them. Larger insurance companies and the discounts they provide can be read below.

• State Farm offers premium reductions for multiple policy, Steer Clear safe driver discount, good student, multiple autos, anti-theft, safe vehicle, and accident-free.
• GEICO may have discounts that include multi-vehicle, five-year accident-free, defensive driver, multi-policy, and military active duty.
• Allstate may include discounts for teenSMART discount, farm vehicle, passive restraint, defensive driver, and 55 and retired.
• SAFECO has discounts for accident prevention training, anti-theft, safe driver, homeowner, and teen safe driver.
• Farm Bureau includes discounts for 55 and retired, youthful driver, good student, safe driver, and multi-policy.
• Progressive discounts include multi-policy, good student, continuous coverage, online signing, and homeowner.
• AAA has savings for pay-in-full, good student, anti-theft, multi-policy, and good driver.

The chart below compares annual premium costs with and without discounts applied to the premium. The price estimates are based on a female driver, no violations or accidents, Maryland state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, anti-theft, vehicle safety, defensive driving course, accident-free, and homeowner discounts applied. When drivers take advantage of discounts, the the average yearly reduction on insurance for teachers is 28% or $559.

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The diagram below illustrates how choosing a deductible can influence insurance rates when getting quotes for cheap insurance for teachers. The data assumes a married female driver, full coverage, and no additional discounts are factored in.

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The data above shows that a 40-year-old driver could reduce rates by $376 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $564 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could drop their prices $928 every year just by choosing larger deductibles. If you do raise deductibles, it is essential to have additional funds squirreled away to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

How to find cheap car insurance for teachers in Maryland

The list below summarizes some thrifty solutions that can help Maryland drivers quote lower-cost auto insurance.

• Raise your deductibles
• Pay lower rates with good credit
• Buy your homeowners policy from the same company as your auto insurance
• Safer vehicles cost less to insure
• Don’t have frequent claims
• Drop full coverage on older vehicles
• Compare rates regularly to ensure the best deal

The last tip in the list is incredibly necessary, as we discussed in the prior article. Insurance prices vary considerably, so drivers shouldn’t be resistant to change insurance companies if a more affordable rate is found.

Brand loyalty is great, but it’s not a great idea if that stubbornness costs you potentially thousands of dollars a year. In just a few minutes you could shop around to find cheaper auto insurance for teachers.