Baltimore Auto Insurance

Baltimore Auto Insurance

Baltimore is the most populous city in Mayland. Though it has several public transit options, many residents love to drive for work or other chores. So, auto insurance is a necessity for all who own a car. After all, driving in the state without insurance will earn you hefty penalties, jail time, or result in a suspended driver's license in the state. But, the big question is – Is car insurance in Baltimore affordable?

Our research found that Baltimore car insurance quotes are higher than the state and national averages. Well, one reason could be that the city has high violent crimes and is one of the most dangerous metros in the country. Therefore, you must do in-depth research to find cheap car insurance in the city.

But, you needn't worry! There are several ways to decrease the rate of car insurance in Baltimore, and we are there to guide you on that! So, how much do you need to pay to buy car insurance in Baltimore? Which car insurance companies provide the best car insurance in Baltimore? Our review on Baltimore auto insurance will answer all your queries!

Are you looking for car insurance in Maryland? Get a free quote today!

How Much Does Car Insurance Cost in Baltimore?

On average, a driver pays around $2,084 for car insurance in Baltimore. It is higher than the state and national averages of $1,750 and $1,557.

Many aspects can contribute to the high rate of car insurance in Baltimore. If you're looking to buy cheap car insurance in the city, it is better that you get quotes from various insurers, compare, and then buy one. Our car insurance review of Baltimore, MD, includes average rates based on driving record, age, gender, credit score, and marital status. Keep reading to find out more!

Baltimore Auto Insurance Premiums by Company

You must know that not all insurers provide affordable car insurance in Baltimore. To get the best one, you must get quotes from large and small insurers, compare, and choose one. For example, our research found that USAA offers the lowest car insurance in Baltimore, with a yearly average rate of $1,777. If you don't qualify for USAA, Erie is the next best option, with an average annual rate of $2,116.

Baltimore Auto Insurance Premiums by Age Group

Does age affect your car insurance? Unfortunately, yes. The insurance premiums you pay to start decreasing as your age increases. In most cities, younger drivers pay the most for car insurance. Like that, with an average annual rate of $7,181, teenagers pay the most for buying car insurance in Baltimore. It is $5,097 more than the average city rate.

In Baltimore, with an average yearly rate of $1,832, drivers in their 50s pay the lowest for auto insurance. Drivers in their 40s pay around $1,971 for car insurance in Baltimore. How can you decrease the car insurance rates? One way is by getting out of your teens. Otherwise, you must ask about the various discounts offered by the insurance companies. Utilize all the discounts you are eligible for to lower your Baltimore auto insurance costs.

Baltimore Auto Insurance Premiums by Marital Status/Gender

Your marital status and gender are two important factors determining the cost of car insurance in Baltimore. Like most cities, married drivers need to pay less car insurance premiums than single drivers. With a yearly average rate of $2,084, single drivers must pay $15 more than married drivers. Single drivers have to pay more for car insurance premiums as insurers consider them high-risk drivers and are likely to file more claims.

With a yearly average of $2,048, widowed drivers pay less for car insurance in Baltimore than single and married drivers. Gender can be a crucial factor too. With an average annual rate of $2,084, male drivers pay $46 less than female drivers in the city.

Baltimore Auto Insurance Premiums by Driving Record

Keeping a clean driving record can ensure a lower car insurance rate in Baltimore. Auto insurance providers reward low-risk drivers with low rates. Conversely, at-fault collisions, DWIs, citations for reckless driving, and speeding tickets contribute to higher car insurance rates.

With yearly average rates of $3,128 and $3,076, reckless driving and DWI/DUI are the two offenses that largely increase the rate of car insurance in Baltimore. If you involve in an at-fault accident and cause damages greater than $2,000, expect to pay a yearly average of $3,066. These offenses almost cost you $1,000 more than the average city rate.

So, always be a safe driver to keep your car insurance in Baltimore low!

Baltimore Auto Insurance Premiums by Credit Rating

Credit scores can increase and decrease your car insurance rates in Baltimore. For instance, a 'Very Poor' (300-579) credit score will increase your yearly insurance rate to $3,908. It is $1,824 more than the city average.

So, how can you keep the car insurance costs lower? First, you need to improve your credit score. The yearly average rate will decrease to $2,487 if you move to the 'Fair' credit score from 'Very Poor.' Likewise, the insurance rates will lower by more than 50% if you move to the 'Exceptional' (800-850) credit score from 'Very Poor.'

A driver with an 'Exceptional' credit score must pay an average annual rate of $1,758, $338 less than the average city rate.

Baltimore Auto Insurance Premiums by ZIP Code

The area where you live is one of the main determinants of the vehicle insurance premiums you'll pay, along with your driving record and credit score. Why is that so? The cost of car insurance in Baltimore differs by ZIP code, crime, theft, and uninsured drivers. So, suppose you live in a community where people don't get along. In that case, insurers may view you as a high risk to cover, which could result in higher rates than nearby areas.

The rates can go higher if your area has a high auto theft and crime rate. Here are car insurance rates in some of the ZIP Codes.

Auto insurance in Baltimore: Minimum insurance requirement in Maryland

When it comes to accidents, Maryland is an at-fault state. The damage and injuries to the other party will be covered by the driver's insurer who caused the collision. Drivers must have at least a minimum coverage insurance covering bodily injury liability, property damage liability, uninsured motorist bodily injury, and uninsured motorist property damage.

Purchasing a policy with minimum coverage will result in savings on your monthly premiums. However, you must pay a lot more if there is an accident. According to Maryland state law, drivers must carry minimum liability insurance requirements.

• Bodily injury liability per person - $30,000
• Bodily injury liability per accident - $60,000
• Property damage liability per accident - $15,000
• Personal injury protection per accident - $2,500
• Underinsured/uninsured coverage - $30,000 per person/$60,000 per accident/$15,000 per property damage

Download Way.com, the first amazing app for auto owners and your key to the best insurance, to discover the finest coverage alternatives for your car in Baltimore!

How to get cheap car insurance in Baltimore, MD

Baltimore has expensive car insurance; however, some excellent techniques ensure you get affordable rates.

• Drive safely to save money on your policy by avoiding collisions and driving violations.
• Before buying auto insurance, shop around and compare prices from other insurers.
• Purchase your house and auto insurance plans from the same insurance to save money on both.
• Know about the discountsprovided by the insurers. Find the auto insurance discounts you are eligible for, like a good student, telematics, good driver, and bundling.

Useful Info for Driving in Baltimore

With around a population of 600,000, Baltimore is the highest populated city in Maryland. So, you can assume how congested the roads will be. A 2020 report concluded that drivers in the city lose nearly 84 hours and $1,243 annually due to traffic congestion. Here's some info about Baltimore that the drivers can make use of.

• I-70, I-83, I-95, I-395, I-695, I-795, I-895, and I-97 are the Interstate highways that serve Baltimore. However, due to freeway revolts in Baltimore, the city's primary Interstate highways - I-95, I-83, and I-70-do not direct link to one another and, in the case of I-70, end at a park and ride area just within the city limits.
• The city's only US Highways are US 1, which avoids the downtown area, and US 40, which intersects across it from east to west. However, US 40 uses a small portion of a highway abandoned in the 1970s to the west of the city, originally intended for Interstate 170. Both run along major surface streets.

Auto Theft Statistics in Baltimore

The auto theft rate in the city is very high. Therefore, it is one factor that significantly surges the car insurance rate in Baltimore. In 2019, the city had around 3,939 auto thefts. The auto theft rate was 659.5, which is higher than the state average and the national average of 219.

So if you intend to drive a car in Baltimore, purchase an insurance policy with comprehensive coverage.

Accident Statistics in Baltimore

The number of accidents is higher as Baltimore roads are crowded most of the time. In 2019, around 61 vehicles were involved in fatal accidents. There were 98 persons involved in fatal accidents, with 41 fatalities. There were also 11 fatal accidents involving drunk persons. Also, 23 pedestrians were involved in fatal accidents in the city. So, always try to get a full insurance policy with collision coverage in Baltimore.

Car Insurance Companies in Baltimore, MD

Are you looking for the insurers that provide the best car insurance in Baltimore? The city's insurance companies claim to provide standard coverages at reasonable prices. However, you can know about the state's most complex regulations, insurance terms, coverages, and discounts with the help of our auto insurance agents in Baltimore. So, If you're seeking cheap car insurance in Baltimore, get in touch with them.

These are some insurers that operate in the city.

Driving Conditions in Baltimore

• Driving conditions are fair.
• Baltimore traffic is hard to navigate.
• On average, there are 114 rainy days per year. Rain averages 42 inches.
• Snowfall averages almost 19 inches.