Cheapest Insurance Quotes for Electric Cars in Maryland

The words “low-priced” and “auto insurance” really shouldn’t be used in the same sentence, specifically when looking for the cheapest auto insurance for electric cars. Because it’s not cheap, let’s start off by going over a few of the things that influence car insurance rates, and figure out some ideas to lower the cost of your next policy.

The car, truck, or SUV you are seeking coverage for is one of the main factors when looking for the best auto insurance for electric cars. Vehicles with limited top-end speed, good safety features, or a low likelihood of having liability claims will cost less to insure than adrenaline junky models.

The list below outlines auto insurance prices for a handful of the more afforable automobiles to insure in Maryland.

Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Estimates do not factor in specific garaging location which can increase or decrease price quotes considerably.

Based on these rates, you can infer that makes and models like the Honda CR-V, Honda Accord, Jeep Wrangler, and Toyota Highlander will definitely be the less-costly vehicles to insure for eco-friendly vehicles.

Deciphering which companies quote the cheapest auto insurance rates for electric cars will involve a little more effort than just comparing rates from one or two companies.

Each company has a unique approach for determining rates, so we’ll take a look at the auto insurance companies with the most affordable rates in Maryland.

Lowest Insurance Price Quotes for EV’s

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USAA offers some of the best car insurance rates in Maryland at around $948 annually. Liberty Mutual, Erie, Penn National, and State Auto would also make the list of some of the cheapest Maryland car insurance companies.

In the above example, if you have coverage with Penn National and switched to USAA, you could realize a yearly price reduction of roughly $178. Drivers with State Auto might save as much as $242 a year, and Amica insureds might reduce rates by $399 a year.

If you want to find out if you’re overpaying, click here to start your custom quote or visit several of the following companies.

Understand that those rates are averages across all insureds and vehicles and and are not figured with a rate decrease for electric cars. So the auto insurance company that has the cheapest rates for you may not even be featured in the company chart above. That’s why you need to compare prices as often as possible using your own specific driver and vehicle information.

For eco-friendly vehicles, one of the more important things that impact a rate quote is where your car is garaged in Maryland. Cities with more crime and/or more people like Baltimore, Dundalk, and Silver Spring tend to pay slightly more, whereas areas with less people or fewer weather incidents generally benefit from lower auto insurance rates.

The information below lists the most expensive areas in Maryland for electric cars in which to purchase auto insurance.

Premium amounts are comparative as specific location information can change coverage rates substantially.

Selecting a high-quality insurance company can be a challenge considering how many companies sell insurance in Maryland. The company ratings in the next section may help you pick which providers you want to consider purchasing from. These rankings are only made up of major nationwide insurance companies, so companies with more of a regional focus will not be included in this list.

Top 10 Major Auto Insurance Companies in Maryland Ranked by A.M. Best Rating

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. Nationwide – A+
9. The Hartford – A+
10. Allstate – A+

Geico, Allstate, State Farm, and Progressive: Who is cheapest?

If you want the best auto insurance for eco-friendly vehicles in Maryland, probably the best companies to start with are Geico, Allstate, State Farm, and Progressive. They all have a unique set of features, discounts, and options that can influence your buying decision. The table below ranks price, claims, and customer service ratings, as well as some optional coverages offered by each one.

How to get the cheapest insurance for electric cars in Maryland

The list below shows many money-saving suggestions that can help Maryland drivers find cheaper coverage.

• Clean up your credit rating
• At-fault accidents will increase rates
• Increase the comprehensive and collision deductibles on your policy
• Ensure your driving record is clean
• Save money by only buying liability coverage for older vehicles
• Safer vehicles cost less to insure
• Compare rate quotes frequently

That last piece of advice is remarkably critical, as we stressed in this piece. Prices can be changed at any time, so don’t be afraid to buy a different policy if a lower price can be found.

Having a favorite company is fine, but it’s not a good idea if that stubbornness costs you a small fortune. Take a couple minutes and shop around to find cheaper insurance for electric cars.