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How much is car insurance in Baltimore?
|Area||Average Monthly Car Insurance Premium|
Auto insurance policies in Baltimore are about $57 a month more expensive than the rest of Maryland.
The average cost of insuring your vehicle in Baltimore is above the national rate. It's about $97 more for coverage in Baltimore than in the rest of the U.S.
Although these are the average monthly costs for an auto insurance policy in Baltimore, that doesn't mean it's exactly what you'll pay. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. Your monthly premium is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.
But don't worry, we've broken down the average rate for Baltimore residents based on several different factors so that you can get a more accurate idea of what you might pay. And if you're not certain that you're paying the lowest option, simply enter your ZIP Code below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
It makes sense that the older you are, the more experience you have driving, right? When it comes to auto insurance premiums, that experience pays off. In this case, 18-24-year-olds pay $146 more than someone who is at retirement age.
You can expect to see your monthly premium drop about once a decade or so. As you get closer to retirement age, however, you may see your rates creep back up a bit in Baltimore.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less for car insurance than their male counterparts. This rings true in Baltimore, where women pay around $8 less per month than men. As illustrated in the table above, female drivers in the area pay about $173 on average, while male drivers pay around $181 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a tremendous impact on your car insurance rates. Drivers with clean records will pay much lower rates than those with accidents or violations. Drivers in Baltimore with one accident will pay around $213 a month. In addition, drivers with one ticket can expect to pay around $231 a month on average.
When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$184|
|15 Years or Older||$170|
According to the first table above, trucks and vans are usually the cheapest vehicles to insure in Baltimore, with drivers paying around $162 per month for insurance.
Car owners can expect to pay an average of around $179 a month for their policy, while SUVs usually cost around $177 a month to insure.
The age of your vehicle also plays a role in your monthly payment. Overall, newer vehicles are going to cost the most to insure. However, if your car is a few years old, you can expect to see your rates start dropping back down. In Baltimore, vehicles four-to-five years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$188|
Generally speaking, car insurance is slightly cheaper for married policyholders. This can usually be attributed to their policies having multiple vehicles, a factor many companies extend special discounts for.
The cost of auto insurance in Baltimore reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $54 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$237|
Another factor that comes into play is your housing situation. If you rent your home or apartment, expect to pay around $22 a month more than homeowners in Baltimore. But if you live with your parents, your rates will be significantly higher.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance costs.
Car Insurance Companies in Baltimore, MD
Recent trends in car insurance for Baltimore drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before shopping for coverage.
The rates for car insurance in Baltimore rose consistently from 2016-2020. Rates finished down in 2021, at $187.
How does Baltimore compare to neighboring areas?
Why are car insurance rates in Baltimore different from other areas?
Car insurance companies take in a number of factors when deciding how much individual insurance policies will cost. The specifics of where you live and drive will have an impact on your personal policy. This might include things like:
- Rate of car accidents
- Rate of crime
- Amount of drivers
- Area laws
- Availability of off-street parking
It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.
How can I find the cheapest car insurance in Baltimore?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
But wait! Compare.com does all of that work for you. Simply enter your ZIP below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering plans in Baltimore.
Baltimore Insurance FAQs
What factors affect car insurance quotes in Baltimore?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your vehicle's year, make and model, plus your address, credit score, marital status, and driving record.
Why is the cost of car insurance in Baltimore different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, local laws, and crime rates when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Baltimore?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Baltimore?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Baltimore or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?