MoneyGeek’s Maryland Car Insurance Calculator
MoneyGeek’s auto insurance calculator for Maryland provides an approximate estimate of how much car insurance should cost based on your driving history and coverage levels. As the exact amount depends on many different variables, such as driving history and coverage level changes, it can be challenging to pin down which have the biggest effect. Hence, we analyzed key aspects of your premium and developed an easy-to-use tool so that you can discover exactly how much Maryland car insurance will cost or what savings could be gained by taking advantage of discounts or features offered to you that could save.
Your age is one of the primary determining factors when it comes to Maryland car insurance rates, with younger drivers typically paying higher premiums due to inexperience. While you cannot change your age, steps can be taken to improve driving record and reduce chances of an accident – both will help lower Maryland car insurance premiums.
Credit scores play an integral part in determining Maryland car insurance rates; those with poor credit will experience significantly higher premiums compared to drivers with excellent scores.
Your car type and model also has an impactful role in your Maryland auto insurance premiums; different cars have differing risk profiles that impact costs differently. A luxury vehicle may carry higher premiums than mid-sized sedans; however, you could save by choosing more economical yet safe cars to fit within your budget.
Minimum car insurance requirements in Maryland are 30/60/15; however, full coverage should likely be purchased to protect both you and your car fully in case of an accident. Though full coverage costs more than its minimum required level, it could save costly repairs or replacements and protect assets more effectively.
No matter which Maryland auto insurance plan you select, most lenders or leasing companies require that full coverage be carried. Bundling both auto and home policies through one provider often saves money.
Maryland car insurance premiums average approximately 15% less than the national average. Your Maryland auto insurance premium may be much higher or lower depending on your driving history and coverage level; to get an accurate estimate enter your ZIP code below and compare quotes from top providers; our database also features quotes from Erie and State Farm to help give you an idea of your options and costs in Maryland – and don’t forget we also specialize in finding great motorcycle and homeowner policies at great rates in Maryland!