Maryland Car Insurance Calculator

Maryland Car Insurance Calculator

Insurance companies in Maryland use a number of factors to determine the price of car insurance. These include your age, credit history and driving history. Some factors carry more weight than others. For example, adding a teen driver to your policy can increase your rates by 3.2x.

You need to understand what your coverage options are, so you can make an informed decision about which company will best meet your needs. Choosing the right policy is essential to protecting you and your car in case of an accident. Fortunately, our Maryland Car Insurance Calculator can help you compare rates and get an idea of which insurers offer the best value.

The most important thing to remember is that you should never pay more than you need to for your car insurance. That said, you can save money on car insurance in Maryland by taking advantage of discounts. These can include student discounts, good driver discounts, multi-car discounts and more.

Minimum Coverage is Cheapest

If you’re looking for the cheapest auto insurance in Maryland, you can’t go wrong with liability only. This is required by law and is the cheapest way to cover other people in the event of an accident. On average, a liability-only policy in Maryland costs $55 per month, or $655 yearly — a savings of $725 compared to full coverage.

Liability Insurance and Collision & Comprehensive Insurance Costs

In addition to liability insurance, drivers in Maryland are required to have collision and comprehensive insurance. These types of policies protect your car in the event of an accident or if it is stolen, vandalized or damaged by weather.

These types of policies typically have higher deductibles than liability-only policies, but they also protect you in more situations. The ValChoice car insurance calculator can help you decide if full-coverage is worth the extra expense.

The cheapest providers for young drivers in Maryland

For drivers under 25 years old, the cheapest insurance policies in Maryland are from USAA and Geico. Both of these companies offer full-coverage policies for less than $130 per month on average.

Young Drivers Need to Know About Discounts

As a good student or a safe driver, you can qualify for discounts on your car insurance. Some of these include student discounts, multi-car discounts and safe driving courses.

Your vehicle type will also affect your premiums. For example, a sporty car can be more expensive to insure than an older model.

You can also save money on your Maryland auto insurance by purchasing a policy with lower deductibles or less coverage limits. This will protect you against costly repairs and medical bills in the event of an accident, but it could cost you more if you’re involved in an at-fault accident.

If you’re insuring more than one vehicle, consider combining your policies with the same insurance provider. Many insurers will offer a multi-car discount or a loyalty discount if you’ve had multiple policies with them in the past.