Baltimore’s average car insurance cost is $1,241 per year for minimum coverage and $2,772 per year for full coverage that includes collision and comprehensive. Bankrate compared the rates of insurers in Baltimore to determine the most affordable car insurance companies. We also gave information about customer service, the available coverage options, and any discounts.
Baltimore is home to more than 21% car accidents in Maryland, despite being less than 100 sq miles. This is more than 100,000 accidents in four years, the highest number in Maryland. Drivers will want to be protected by the best Baltimore car insurance.
Baltimore’s best car insurance companies
Below is a table that highlights five of Baltimore’s best car insurance companies, including J.D. The average annual premium for full and minimum coverage, as well as customer satisfaction scores from Power. These are the average annual premiums of the Baltimore’s cheapest car insurance companies based on our proprietary analysis.
Allstate
Allstate was the highest-rated car insurance company in Baltimore. However, it offers solid coverage options and excellent customer service. Extended benefits coverage and roadside help are some of the options available for car insurance. There are many discounts available to lower your premium. These include student discounts, early signing discounts, and a bundle discount for car and home insurance.
Erie
Erie rates high in the 2021 J.D. Survey on Power auto insurance. The company places great importance on meeting the needs of its policyholders efficiently and quickly. The company provides thoughtful coverage options such as pet injuries coverage and an innovative Rate Lock feature. This means that you will still pay the same regardless of whether you are involved in an accident.
Geico
Geico offers generous discounts to lower the cost of your car insurance. This includes up to 25% off multi-vehicle policies, and a good driver discount up to 22 percent. Geico offers additional coverage options such as rental reimbursement or mechanical breakdown insurance, in addition to liability coverage. Geico is a reliable option for auto insurance because of its strong financial ratings, extensive coverage, and solid financial ratings.
All over the country
Nationwide has the lowest rates in Baltimore (after USAA) among all the insurers Bankrate evaluated for coverage. Nationwide offers standard discounts like safe driver, automatic payment and multi-policy. Accident forgiveness is available to policyholders who are involved in at-fault accidents. This allows you to avoid any increase.
USAA
USAA has high customer satisfaction scores, and this is a good thing. USAA is technically ineligible for J.D. because it sells only policies to veterans and members of the military. Power. It has a good reputation for providing excellent service and low rates. This is consistent with our testing, as it had the lowest average rate in Baltimore. USAA offers a wide range of coverage options, as well as some good discounts that can help you lower your rate.
Baltimore has the lowest car insurance
Baltimore’s average rates are compared to the lowest rates in Maryland, and the U.S. Baltimore is on the high side. This can be explained by the frequent accidents that occur on the city’s busy streets. Average car insurance costs in the United States are $565 for minimum coverage and $1674 for full coverage. The averages for Maryland’s entire state are $767 and $1,877 for full and minimum coverage, respectively.
Bankrate’s research revealed that these five companies were among the most affordable car insurance companies in Baltimore. Although not all companies made the “best of” list we found that they were capable of creating solid policies at an affordable price for Baltimore drivers.
USAA’s prices tend to be the lowest in comparison charts. However, the company is only available to military families so that not everyone can benefit from its low prices. Although Progressive is the most expensive, discounts are possible to lower your cost. It is always worth getting a quote to find out what the company has to offer.
Geico, Nationwide and Erie all have prices below the Baltimore averages in annual premiums. Your cost will be different depending on the features you choose, such as credit score. These companies are well-respected and have agents in Baltimore who can help you understand Maryland’s driving needs.
Baltimore insurance requirements
Maryland residents — including Baltimore drivers — are required by law to carry 30/60/15 liability coverage and the same amount in uninsured/underinsured motorist coverage. This translates to:
- $30,000 bodily injury liability in case of an accident involving one person
- $60,000 total BI liability to cover all injuries sustained in one accident
- $15,000 property damage liability for damage to the other vehicle in an accident at fault. Also covers damage to other structures such as fencing and light posts.
Personal injury protection (PIP) must be carried by all drivers. It should not exceed $2,500
Noting that the minimum coverage may not provide sufficient coverage in the event of a serious accident is important, especially if the injured require additional hospital care. It may be worth increasing your liability coverage if you have the funds. Experts recommend a 100/300/50 ratio. You may also need collision and comprehensive coverage if your vehicle is a leased or loaned.
Baltimore offers car insurance discounts
Baltimore insurance offers a wide range of discounts to policyholders. Many of these are easy to get.
- Safety features: You can often save money on your premium if your car comes with airbags, antilock brakes and daytime running lights.
- Good driver: Most insurers use telematics programs like Allstate’s Drivewise program to monitor your driving skills. The safer you drive, the more savings you can make.
- EZ-pay: Setting up an account so your premium payments are automatically made can help you save money.
- Affiliate discounts: Members of military organizations or federal employees may be eligible to receive a discount based on their occupation.
- Multi-policy: Most insurance companies will offer a discount if you have car insurance with the same company that you have homeowners or renters insurance.
Your driving skills will likely be the most important factor in determining your premium rate. You may receive significant savings if you allow your insurer access to real time data about your driving skills.
Questions frequently asked
Which is the best auto insurance company?
Many car insurance providers are offering great policies in Baltimore. Each person has different needs so it is important to do your research and compare multiple quotes.
What is the cost of car insurance in Baltimore?
Baltimore’s average car insurance cost is $1,241 for minimal coverage and $2,772 to full coverage. Your costs will likely vary due to many factors which influence your premium price. These include the make and model your car, credit score, age, gender, and your credit history.
Baltimore: How much do I need to insure my car?
Maryland’s minimum insurance coverage is 30/60/15. You might consider increasing your coverage if you have the funds. Injuries can be very costly. To protect your investment, consider collision and comprehensive coverage if you own a more recent car. Most lenders will require that you have this coverage if you finance your vehicle.
