Maryland Average Cost of Car Insurance Rates (2023)

How Much Does Car Insurance Cost In Maryland?

On average, car insurance rates for drivers in Maryland are $317 per month, and $3807 per year. The average rates make Maryland the 7th most expensive state in the country for car insurance rates and 30% more expensive than the national average.

Keep in mind that average auto insurance costs are determined by factors other than location. Based on your driving history, credit score, age and marital status you should be able to find insurance quotes and discounts so that your monthly payment is less than the averages cited here.

Insurify's comparison tool will help you make sure you're getting the best possible quote based on your needs and location. You can have peace of mind you're not paying any more than the average price in your state, and customers save $48 per month on average.

Best Maryland Auto Insurance Rates

Insurify analyzed car insurance rates in the twenty most populous cities in Maryland and has selected the following providers and quotes as the best rates for drivers in Maryland.

Maryland Car Insurance Rates by City

For drivers in Maryland, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Based on internal Insurify data, here are the average cost of car insurance rates for drivers in the top 10 cities in Maryland.

What Is the Average Cost of Car Insurance in Maryland by Age?

Teenagers face stratospheric average rates for car insurance in Maryland, paying $547 per month on average. Twentysomethings see a $175 price cut as their driving experience grows.

Drivers in their 30s, 40s, and 50s are the first to slide below the state average. Marylanders in their 80s pay less than a third of what their teenage grandchildren and great-grandchildren pay.

What Is the Average Cost of Car Insurance in Maryland by Gender?

Men pay three percent more than women in Maryland. That’s a $10 average difference in monthly car insurance costs.

Does Marital Status Influence the Average Cost of Car Insurance in Maryland?

The $64 question is "Will you marry me?" Drivers who say yes could save over $760 on average per year.

Economists and financial experts say that you'll have a higher average net worth and greater financial stability once you tie the knot.

Minimum Car Insurance Requirements in Maryland

All motor vehicles operated or parked on Maryland roadways are required to be insured. Proof of insurance must be carried in your car at all times and must be available when:

• Requested by law enforcement

• Renewing vehicle registration

• The vehicle is involved in a car accident

The minimum liability insurance requirements for private passenger vehicles in Maryland^[1] are:

• $30,000 per person for bodily injury

• $60,000 per accident for bodily injury

As a major part of your liability insurance, bodily injury coverage covers medical bills for people other than the policyholder who are injured during an accident. Maryland is an at-fault state, meaning the driver who is responsible for the collision is also responsible for paying for any resulting expenses, either through their car insurance provider or out of pocket.

• $15,000 per accident for property damage

If it’s determined that an insured driver is at fault for an accident, this coverage pays for repairs to the property of the other involved parties. Additionally, property damage coverage can cover legal costs if the insured driver is involved in a lawsuit following the accident.

• $2,500 per accident for PIP

Personal injury protection coverage, also referred to as PIP coverage, will cover the policyholder for medical payments they incur in the event of an accident. Depending on your plan, you may also receive non-medical benefits, compensating you for lost wages, household expenses, and even funeral costs.

• $60,000 per accident for uninsured/underinsured motorist bodily injury

• $15,000 per accident for uninsured/underinsured motorist property damage

Uninsured and underinsured motorist coverage pays for costs caused by a driver with little or no insurance after a car accident. In Maryland, you’re required to purchase this coverage for both bodily injury and property damage.

How Does Credit History Affect Maryland Car Insurance Rates?

Insurance companies in Maryland can use your credit score to determine rates. That's the case in most states.

As your credit improves, you pay less for insurance. There's not much difference between poor, average, and good credit, but your rates are fantastic once you hit excellent. Between poor credit drivers and excellent credit ones, a nearly $100 price gap exists. An excellent credit score, above 800, saves you a ton of money in Maryland.

What Is the Average Cost of Car Insurance in Maryland for High-Risk Drivers?

"Safety first" is not just a mantra that saves lives. It also saves money. Common sense tells us that the safest drivers will pay the least, and safe drivers qualify for "good driver" and "accident-free" discounts. But what if your record is less than perfect?

Drivers with a speeding ticket in Maryland will pay $30 more per month on average—plus fines. Drivers with an at-fault accident on their insurance record should expect to see monthly rates increase by around $39. Accidents happen, but driving safely and keeping a clean record are the best ways to avoid rate hikes. Remember, violations and accidents will stay on your insurance history for years to come. Still, you can still take a defensive driver course to reduce your monthly payment.

Compare Top Auto Insurance Companies

Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies