Maryland Automobile vs. Travelers: Which Company is the Best Fit for You?

Quick Facts

• In general, Travelers offers significantly more affordable rates than Maryland Automobile
• Travelers has less expensive prices for policyholders whose driving record contains an at-fault collision
• Travelers tends to be a much cheaper option for policyholders who have a short commute

Maryland Automobile or Travelers: Which Company has the Cheapest Car Insurance?

Are you considering a new insurance policy? After all, you've seen ads from all sorts of companies offering hefty savings. But exactly how much can you save by switching?

You've maybe even narrowed your search down to Maryland Automobile or Travelers as your top options, but between the two, which one will offer you more affordable rates?

As you can see, Travelers has average rates that are around 35% a month less expensive than those from Maryland Automobile when looking at the national average rates for car insurance.

That being said, Travelers may not be the cheapest or best option for every single driver out there. After all, auto insurance carriers can offer drastically different rates to every driver depending on rating factors like your credit score, your driving record, your age, or even where you call home (among other things), so prices could vary drastically from person to person.

So, if you want to find out which of Maryland Automobile or Travelers is really the best for you, keep reading to see average premiums for each carrier broken down by many different rate factors.

Maryland Automobile vs. Travelers: Average Car Insurance Rates by State

Maryland Automobile and Travelers only compete against each other in Maryland, where Travelers offers the cheaper average rates. Travelers drivers tend to pay about $94 per month less on average compared to drivers who use Maryland Automobile for their insurance.

But there's more to calculating car insurance premiums than just where you call home. Keep reading to find out more.

Which is the Best Company For Young Drivers?

Young drivers -- especially teens -- typically pay a lot for auto insurance compared to older drivers. It's normally because teen drivers are statistically much more likely to cause collisions and other accidents that will result in an insurance claim.

However, that doesn't mean that teen drivers have to just accept sky-high insurance prices. For example, 18-year-old drivers pay an average of over 7% less a month by choosing Travelers over Maryland Automobile.

But both companies will offer you dramatically lower rates once you turn 25. Travelers offers the steepest decrease, with 25-year-olds paying less than a third of what 18-year-old drivers are charged. Maryland Automobile's average prices drop more than 30% during that same period.

Which is the Best Company for Retired Drivers?

Drivers around retirement age usually enjoy some of the most affordable car insurance premiums you can find. After all, they've likely been driving for quite some time, which generally lowers their chances of collisions and other infractions that can raise prices.

So, which company offers the best premiums to retired drivers? Travelers gets the edge, with rates for drivers 65 and older $92 cheaper than the national average for Maryland Automobile.

Which is the Best Company for Married Drivers?

Married couples tend to get slightly more affordable auto insurance premiums than single drivers. That's typically because married policyholders tend to own and insure more than one vehicle, which can often earn you a discount.

For single policyholders, the difference in average prices between these two carriers is significant, with Travelers rates coming in at a third less than Maryland Automobile's. The advantage for married drivers with Travelers is also obvious, where drivers save about $85 per month.

Maryland Automobile or Travelers: Average Rates by Gender

Men tend to pay more for car insurance than women. This is because men are statistically more likely than women to get speeding tickets and get into collisions, which leads to increased risk for insurers and, therefore, higher premiums.

On average, men see prices around 6% a month higher with Maryland Automobile, and about 6% more with Travelers.

Looking at the data for each carrier specifically, Travelers offers the lowest average rates for both men and women. On average, male drivers save about $92 per month and women save around $86 with Travelers compared to the average Maryland Automobile policyholder.

Maryland Automobile vs. Travelers: Compare State Minimum vs. Full Coverage Rates

*State minimum value indicates liability-only policies at each state's minimum bodily injury and property damage (BI/PD) limits

**Full coverage indicates state minimum BI/PD limits with collision and comprehensive coverages added to policy.

It's no secret that insurance can be a complicated subject for most people. There are so many different limits and terms that it can make it pretty confusing to find the right policy for you.

Even so, the most common policies that drivers look at fall into two categories -- liability coverage (which provides property damage and bodily injury coverage for other drivers and passengers if you cause a collision) and full coverage (which includes collision and comprehensive coverages that protect your own car, in addition to what you get with liability).

Looking specifically at state minimum liability insurance, Travelers has the significant edge, with average monthly premiums coming in at $108. If you want a full coverage policy with the same state minimum limits, Travelers again has the edge, with policies averaging about $225 a month to Maryland Automobile's $343.

Is Maryland Automobile or Travelers Better for Drivers with Spotty Records?

It's no secret -- drivers with good records end up getting the best deals on their car insurance. But that's not to say you can't save money if you don't have the best driving record, either.

It's no secret secret that at-fault accidents and speeding tickets lead to higher rates, but which company -- Maryland Automobile or Travelers -- has the cheapest prices for drivers with less-than-ideal driving records?

Which Company is Best for Drivers with Speeding Tickets?

Policyholders with Maryland Automobile insurance policies don't report seeing their rates increase after getting a ticket, but Travelers policyholders can expect to see their monthly bill increase by around a quarter.

However, Travelers is normally the cheaper option for drivers both with a speeding ticket and with a clean record. Drivers with a clean record can save about 42% per month with Travelers, and the same can be said for those with a ticket, too.

Which Company is Best for Drivers After an Accident?

Maryland Automobile drivers who get in an accident can expect to see their prices climb by over $60, while those who have insurance through Travelers will see around a $45 increase.

At the end of the day, drivers who use Travelers end up with the cheaper prices after an accident, with average premiums coming in at $173 compared to Maryland Automobile Insurance Fund's $281.

Which Company is Best for Drivers with a DUI?

On average, a DUI offense is going to cost you much more than a single accident or speeding ticket when it comes to your auto insurance bill. Maryland Automobile drivers usually see a 27% raise in their insurance prices after a DUI charge, while Travelers will usually climb premiums by about 38%.

How does Credit Score Impact Maryland Automobile and Travelers Rates?

Did you know many auto insurance companies take your credit score into account when determining rates? This isn't true for everyone (for example, are two states that ban the practice entirely), but it does affect quite a few policyholders out there.

Car insurance carriers argue that those with good credit scores are more likely to pay their bills on time each month, which decreases the risk involved on their end, while the opposite is true for those with bad credit.

So, which carrier offers the best premiums for drivers with good, average, or poor credit?

Which Company is Best for Drivers with Good Credit?

Which Company is Best for Drivers with Bad Credit?

Is Maryland Automobile or Travelers Better for Drivers who Work from Home or Have Short Commutes?

The amount of time you spend behind the wheel of your car plays a big role in your monthly rates. Generally, the more milage you put on your vehicle, the more you can expect to pay for auto insurance.

As you can see in the table above, annual mileage doesn't have much of an impact on how much Maryland Automobile charges. However, there's a small difference in monthly prices for Travelers, with drivers who put 6,000 miles on their car every year paying around $5 less each month compared to those who drive 12,000 miles annually. Still, for drivers in both categories, Travelers is the less expensive company.

Maryland Automobile or Travelers: Compare Rates for Urban, Suburban, and Rural Drivers

We've already mentioned how your home state can play a role in how much you pay for car insurance, but the type of area you live in can have a considerable impact as well. Normally, if you live in a rural area with fewer cars on the road, you'll pay a little less for insurance, while the opposite is true for people in urban areas.

Travelers boasts the cheapest average rates for drivers in all types of areas, no matter if they're urban, suburban, or rural.

For policyholders in urban ZIP codes, Travelers's average prices are about 50% less than Maryland Automobile Insurance Fund. People who live in suburban areas pay around 19% less with Travelers compared to Maryland Automobile. Those in rural areas can expect to save about 16% with Travelers compared to Maryland Automobile.

Maryland Automobile vs. Travelers Discounts

You want to save as much money as you can, right? The best way to do that is by taking advantage of as many auto insurance discounts as possible.

But with what seems like a million different discounts out there, it can be hard to nail down the company that has the most discounts for your unique driver profile and to find all the discounts you can take advantage of.

Luckily, we did the hard work for you and broke down all of the different discounts offered by both Maryland Automobile and Travelers so that you can see which carrier can save you the most money each month.

Travelers knocks Maryland Automobile out of the park when it comes to the sheer number of discounts available, offering 23 more discounts than Maryland Automobile.

Both companies offer several of the same discounts -- like discounts for being a good driver and paid in full discounts -- but Travelers also offers discounts for ABS, advance quote, alternative fuel, and more.

Maryland Automobile's discounts come through just two categories -- Good Driving and Paid In Full.

Final Thoughts: Is Maryland Automobile or Travelers Best for You?

You've seen the effect certain variables have on your car insurance and the different discounts carriers offer. But, at the end of the day, is Maryland Automobile or Travelers the best fit for you?

Travelers might be best for you if....

• You have a speeding ticket on your driving record.
• You want the most robust protection via a "full coverage" policy.
• You don't spend much time in your car.

Maryland Automobile might be best for you if...

• You have a more unique driver profile than those we mentioned above.

Hopefully, this guide helps you get a good idea of the differences between Maryland Automobile and Travelers. We also hope we've given you the information you need to make the best decision when it comes to your insurance.

At the end of the day, the best way to make sure you're getting the best deal on your car insurance policy is to compare quotes from several companies, not just Maryland Automobile and Travelers. Luckily, sites like Compare.com do all the hard work for you. Simply enter your ZIP code below and get free quotes from dozens of the top insurance carriers in your area, all in just a few minutes.

Maryland Automobile vs. Travelers FAQs

Is Maryland Automobile or Travelers cheaper?

Travelers is the cheaper of the two companies when looking at national average rates, with policies averaging $167 a month with Travelers and $256 for Maryland Automobile. Even so, that doesn't mean Travelers will be the most affordable carrier for every driver, since there are a bunch of different factors (things like age, gender, driving record, etc.) that play a role in how much you pay.

Who is better, Maryland Automobile or Travelers?

Unfortunately, the answer truly is "it depends.". No one company is "better" for everyone -- it all boils down to your unique auto insurance profile.

Why do Maryland Automobile and Travelers offer me different rates?

Car insurance carriers use several different variables when calculating the prices they charge. Things such as gender, where you call home, age, your driving record, and sometimes even things like your credit score can all be taken into consideration. Both Maryland Automobile and Travelers calculate premiums using different formulas, so it's likely they'll offer different rates. The best way to determine which carrier is the lowest for you is by comparing personalized quotes from lots of different companies.

How do I know if Maryland Automobile or Travelers is right for me?

The only way to find the auto insurance company that's right for you is by getting quotes from a handful of carriers and finding the one best suited for your individual budget. Luckily, Compare.com does all the hard work for you. Just enter your information once and you'll get quotes from dozens of your local top insurance companies for free. That way, you can guarantee you're getting the cheapest price. And maybe you'll find that the best carrier for you isn't Maryland Automobile or Travelers at all, but another you hadn't even thought of!

Methodology

All of the data referenced in this article has been gathered in collaboration with Quadrant Information Services. We analyzed more than 2.5 million rows of carrier-reported data to calculate the average rates referenced above. All rates are based on an insurance profile of a single-vehicle policy for a driver that owns a 2016 Honda Accord. For more information on how we calculate rates, please reference our data methodology.