Cheap Car Insurance Quotes Maryland
Cheap Car Insurance Quotes Maryland: the general car insurance in Maryland
Although buying auto insurance is a big decision, it’s not always simple to find affordable coverage in Maryland. Comparing quotes from several insurers is the best way to find affordable auto insurance. In terms of full coverage auto insurance rates in Maryland, the most recent NerdWallet analysis shows that Geico is the least expensive provider, charging an average of $1,227 annually, or $102 per month. In the meantime, full coverage auto insurance in Maryland typically costs $2,409 annually, or $201 per month. The average cost of Maryland’s minimum coverage is $1,022 per year, but we discovered that you can probably find a more affordable plan. For instance, Geico has the lowest average annual premiums in Maryland for minimum coverage auto insurance, at $522.
In Maryland, finding budget-friendly car insurance quotes can sometimes feel like searching for a diamond in the rough. With premiums fluctuating and policy options seemingly endless, it’s easy to get lost in the maze of insurance offerings. But fear not! This guide is here to equip you with the necessary insights and strategies to secure cheap car insurance quotes in Maryland without compromising on quality or coverage.
Understanding the Factors Affecting Car Insurance Premiums: the general car insurance in Maryland
Before diving into the realm of cheap car insurance, it’s crucial to understand the factors that influence insurance premiums in Ontario. These factors include:
- Driving Record:
A clean driving record with no accidents or traffic violations typically results in lower premiums.
- Vehicle Model:
The make, model, and year of your vehicle can impact insurance rates. Generally, older and less expensive cars cost less to insure.
- Location:
Urban areas tend to have higher rates of accidents and theft, leading to higher insurance premiums.
- Coverage Options:
The type and amount of coverage you choose will affect your premium. Opting for basic coverage can be cheaper but may not provide adequate protection.
- Deductible:
A higher deductible means lower premiums, but it also means you’ll pay more out of pocket in the event of a claim.
How we chose the cheapest companies in Maryland
NerdWallet’s editorial team analyzed car insurance rates from 15 auto insurers in Maryland and listed the five cheapest options for drivers in several age brackets and with different histories, all driving a 2020 Toyota Camry L. For minimum coverage, we looked at rates that reflect the minimum requirements in Maryland. For full coverage, we used the below coverage limits:
- $100,000 bodily injury liability per person.
- $300,000 bodily injury liability per accident.
- $50,000 property damage liability per accident.
- $100,000 uninsured motorist coverage per person.
- $300,000 uninsured motorist coverage per accident.
- Collision coverage with a $1,000 deductible.
- Comprehensive coverage with a $1,000 deductible.
Cheapest for 20-year-old drivers
Drivers in their 20s may have to get a lot of quotes to find the best cheap car insurance. Prices can be sky-high for younger 20-somethings but tend to come down as drivers get more experience on the road. Still, some companies routinely have better insurance rates for young drivers, so it’s best to shop around to find them.
Cheapest full coverage car insurance in Maryland for 20-year-olds
Drivers in Maryland with clean driving records may want to consider the following companies, which had the lowest average rates:
- Erie: $3,323 per year, or about $277 per month.
- Travelers: $3,562 per year, or about $297 per month.
- Geico: $3,990 per year, or about $333 per month.
- Penn National: $4,259 per year, or about $355 per month.
- Cumberland Mutual: $4,268 per year, or about $356 per month.
Cheapest for 70-year-old drivers
Car insurance costs may start to rise for 70-year-old drivers. To find the cheapest possible coverage, shop around and compare quotes from multiple companies. Also, look for insurers that offer discounts for seniors. For example, some insurers offer discounts to senior drivers who take a defensive driving course.
Cheapest full coverage car insurance in Maryland for 70-year-olds
Drivers in Maryland with clean driving records may want to think about getting quotes from these companies, which had the lowest average rates:
- Geico: $1,052 per year, or about $88 per month.
- Penn National: $1,448 per year, or about $121 per month.
- Cumberland Mutual: $1,575 per year, or about $131 per month.
- Erie: $1,638 per year, or about $136 per month.
- Travelers: $2,126 per year, or about $177 per month.
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Obtaining affordable auto insurance quotes in Maryland doesn’t have to be an overwhelming endeavour. You can get affordable coverage without compromising protection or quality by studying the variables that affect insurance rates and putting this guide’s strategies into practice. To get the best deals, don’t forget to compare quotes, take advantage of discounts, and keep your driving record spotless. In Maryland, cheap auto insurance is accessible with a little work and diligence.
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