Skip to Main Content

Best car insurance in Maryland for 2024

Updated Nov 01, 2024
Geico, USAA and State Farm are writing some of the best car insurance policies in Maryland.
Location-Icon
Explore offers from trusted carriers
+ MORE

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best car insurance companies in Maryland

Based on our extensive research and systematic Bankrate Score analysis, Bankrate’s insurance editorial team determined that Geico, USAA and State Farm are among the best car insurance companies in Maryland. To begin our analysis, we first obtained current premium information from the largest insurance providers based on market share in Maryland from Quadrant Information Services and compared those rates with the state average. Our data shows that the average cost of car insurance in Maryland is $2,637 per year for full coverage and $981 per year for minimum coverage. Third-party ratings were also considered, such as customer satisfaction scores from the J.D. Power 2024 U.S. Auto Insurance Study and AM Best financial strength ratings.

If you are looking for the best auto insurance in Maryland, you might want to get quotes from these carriers:

4.4
Rating: 4.4 stars out of 5
$2,069
$708
4.2
Rating: 4.2 stars out of 5
$2,065
$697
4.3
Rating: 4.3 stars out of 5
$2,792
$1,114
4.4
Rating: 4.4 stars out of 5
$2,095
$868
4.0
Rating: 4 stars out of 5
$1,991
$816

Geico

Geico

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$172/mo

Avg. full coverage premium

$2,069/yr

Customer satisfaction

647/1,000

USAA

USAA

4.2

Rating: 4.2 stars out of 5

Avg. full coverage premium

$172/mo

Avg. full coverage premium

$2,065/yr

Customer satisfaction

743/1,000

State Farm

State Farm

4.3

Rating: 4.3 stars out of 5

Avg. full coverage premium

$233/mo

Avg. full coverage premium

$2,792/yr

Customer satisfaction

652/1,000

Progressive

Progressive

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$175/mo

Avg. full coverage premium

$2,095/yr

Customer satisfaction

624/1,000

Erie

Erie

4

Rating: 4 stars out of 5

Avg. full coverage premium

$166/mo

Avg. full coverage premium

$1,991/yr

Customer satisfaction

713/1,000

Lightbulb Icon

How Bankrate chose the best car insurance companies in Maryland

The best car insurance in Maryland for your needs may be tricky to assess if you’re not sure where to start. Bankrate made its selections after analyzing dozens of large and regional car insurance companies. We assessed carriers based on average premium data sourced from Quadrant Information Services as well as coverage availability and mobile app accessibility.

We also considered third-party ratings from agencies like AM Best for financial strength and J.D. Power for customer satisfaction. All of this was consolidated into our Bankrate Score for a maximum score of 5 out of 5 points. Using the Bankrate Score may be useful to get a quick impression of a company, and to compare a carrier with other auto insurance companies in Maryland.

Bankrate logo

Why you can trust Bankrate

Read our full methodology

To help Maryland drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

Compare auto insurance rates

Answer a few questions to see personalized rates from top carriers.
Location-Icon
Your information is kept secure

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How to find the best car insurance in Maryland

Everyone may have different car insurance needs and preferences, so finding the best car insurance might not look the same for everyone. During your search for the best auto insurance in Maryland, the following considerations could be useful.

New

What’s new in Maryland?

As of July 1, 2024, Maryland’s amended auto insurance laws pertaining to uninsured drivers state that drivers who let their car insurance lapse can face an initial fine of $200 for the first 30 days. This is an increase from the previous fine of $150. Additionally, drivers will be assessed an additional $7 per day until they get insurance or turn in their plates.

These costs add up over the course of a year. Whereas the fine for driving while uninsured was previously capped at $2,500 annually per vehicle on the lapsed policy, the maximum penalty per vehicle is now $3,500 annually. For a couple with two cars on a lapsed auto insurance policy end, this would mean up to $7,000 in fines per year.

Maryland’s law changed at the same time Virginia implemented a new insurance law, which requires all drivers to carry insurance. Previously, drivers in VA could choose to leave their car uninsured as long as they could file proof of financial responsibility.

Related content:

Ready for your quote?

Answer a few questions to see personalized rates from top carriers in Maryland

Powered by Coverage.com (NPN: 19966249)

Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How much is car insurance in Maryland?

When it comes to average full coverage car insurance, Maryland drivers pay roughly the same amount as the national average. On average, Maryland drivers pay $2,637 annually for full coverage, which is just 9 percent more than the U.S. average of $2,458. Minimum coverage tends to be significantly more expensive in Maryland, though, with an average annual premium of $981, which is 46 percent more than the national average annual premium of $678.

Average premiums in Maryland may be higher for a number of reasons. Maryland’s state minimum coverage includes uninsured motorists coverage, which isn’t included in many other states. The state has a five-year average of nearly 110,000 crashes per year, which could be considered high, especially when the state’s small geographic footprint is compared to much larger states.

City Avg. annual full coverage premium Avg. savings vs. state average

Estimate your car insurance cost in Maryland

For budgeting purposes — and to help determine whether your current premium or future quotes are competitive — Bankrate created the car insurance cost estimation tool below. Enter a few pieces of information specific to you to get a rough idea of what you can expect to pay.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

Caret Down IconCaret Up Icon
Please select age
Location-Icon
Lock Secure Icon Your information is secure
Caret Down IconCaret Up Icon
Please select credit score
Why we're asking
Methodology

Frequently asked questions

Clock Wait Icon
46
years of industry expertise
Search Icon
122
carriers reviewed
Location Icon
34.5K
ZIP codes examined
Dollar Coin Icon
1.2M
quotes analyzed

Methodology

Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and coverage levels:

User Icon
40 year old
Single male and female driver
Logo for Brand name
2022 Toyota Camry
Primary vehicle
Credit Good Icon
Good credit score
Auto Insurance Guide Icon
Clean driving record
Briefcase Icon
Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

These are sample rates and should only be used for comparative purposes. 



Written by
Natalie Todoroff
Writer, Insurance
Natalie Todoroff is an insurance writer and industry analyst for Bankrate. She is based in San Francisco and holds a personal lines insurance license.
Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute