The average cost of car insurance in Maryland ranges from $969 per year for 55-year-olds to $4,319 per year for 16-year-olds. Maryland residents with a good driving record generally see their car insurance premiums drop around age 25, and average rates continue to fall as policyholders age. However, around age 65, you will likely start to see your rates increase again.
Average Cost of Car Insurance in Maryland by Age
$4,319 per year
$1,225 per year
$1,065 per year
$1,038 per year
$969 per year
$1,108 per year
Note: Premiums are representative of a male driver with a minimum coverage policy and a clean driving record; individual premiums will vary.
Car insurance is cheapest around age 55, on average, according to WalletHub data. Middle-aged drivers with experience on the road are the least expensive to insure because they have the lowest accident and claims rates, especially compared to senior and teenage drivers, who are the most likely to be involved in car crashes. Overall, car insurance is cheapest for drivers aged 35-65.
Full coverage insurance in Maryland costs an average of $417 per month. A full coverage policy usually includes collision and comprehensive insurance, plus the types of coverage required by Maryland law. In Maryland, liability insurance and uninsured motorist are mandatory for all drivers.
Average Cost of Full Coverage Insurance in Maryland
You can get car insurance discounts in Maryland based on how you drive, the car you own, and your relationship with your insurance company. In Maryland, car insurance companies are allowed to consider factors like employment, residential, and marital status when setting premiums. That means there are also discounts available for being married, owning a home, or being affiliated with certain employers or educational institutions.
Almost anyone can get a discount on car insurance...
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