Best Cheap Auto Insurance Quotes for Drivers Under 25 in Maryland

Because the topic is auto insurance, the word affordable should never appear anywhere in the article to describe car insurance rates. The fact is, cheap auto insurance for drivers under 25 is almost non-existent. Don’t let that discourage you, because we are going to show you how you can still get car insurance that is considered budget-friendly.

The vehicle model you are buying coverage for is one of the main factors in finding the lowest-priced coverage for drivers under 25. Vehicles with higher performance, a lack of safety features, or a history of substantial liability claims will cost substantially more to insure than safer models.

The next lists features insurance costs for a number of the more afforable vehicles to insure in Maryland.

Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific garaging location which can revise insurance rates noticeably.

Prices above based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Information does not factor in garaging location in Maryland which can influence premiums noticeably.

Data based on single male driver age 20, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific garaging location which can revise coverage prices noticeably.

For drivers age 25 and younger, one of the big criteria that is used to calculate a rate quote is where you choose to live in Maryland. Cities with larger populations or higher claims like Baltimore, Towson, and Aspen Hill likely pay more, whereas less populated areas generally have lower rates.

The following table ranks the more expensive cities in Maryland for drivers under 25 in which to buy car insurance.

Rates are approximated as zip code location can decrease or increase prices greatly.

The example below illustrates how choosing a deductible can affect insurance costs when researching cheap insurance for drivers under 25. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.

As shown above, a 30-year-old driver could lower rates by $312 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $474 by selecting a $1,000 deductible. Younger drivers, like the Age 20 category, can cut $942 or even more just by choosing higher deductibles when buying full coverage.

When increasing deductibles, it is a good idea to have enough in a savings account to satisfy the extra out-of-pocket expense, which is the main drawback of higher deductibles.

Accidents and violations increase rates

The best way to snag good car insurance rates in Maryland for drivers age 25 and younger is to be a good driver and avoid accidents and traffic violations. The diagram below shows how speeding tickets and accident claims can influence insurance rates for each age group. The prices are based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

In the prior example, the average cost of auto insurance per year with no accidents and a clean driving record is $1,820. Add in one speeding ticket and the average cost swells to $2,063, an increase of $243 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of car insurance for drivers under 25 goes up to an average of $4,253. That’s an increase of $2,433, or $203 per month, just for not keeping your driving record clean!

Cheapest car insurance: Geico, Allstate, State Farm, or Progressive

If you’re looking for the cheapest auto insurance for drivers age 25 and younger, four companies to definitely compare rates with are Geico, Allstate, State Farm, and Progressive. The table below breaks down price and claims rank as well as some different options .