Who Has Cheap Auto Insurance for 19 Year Olds in Maryland?

When shopping for insurance for teenage drivers, one of the many things that is used by insurance companies to calculate the price of your policy is where your car is garaged in Maryland. Areas that are more densely populated like Baltimore, Dundalk, and Catonsville tend to pay more, whereas less populated areas benefit from lower coverage costs.

The illustration below illustrates the most expensive cities in Maryland for 19 year olds in which to buy car insurance.

Prices are approximated as the specific geographic location can affect insurance rates noticeably.

The type of vehicle requiring coverage is a large factor that determines whether or not you find cheap car insurance for 19 year olds in Maryland. Vehicles with limited speed and performance, modern passenger safety features, or a low likelihood of having liability claims will cost substantially less to insure than high performance models.

The table below features insurance prices for a selection of the cheapest automobiles to insure.

Data based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific garaging location which can revise auto insurance rates significantly.

Looking at the rates, we can expect models like the Ford Escape, Honda Accord, Honda CR-V, and Toyota Prius are most likely to be some of the cheapest vehicles to insure for teenage drivers. The cost of a car insurance policy will be more costly just because there is more claim risk for 19 year olds, but overall those models will have the lowest insurance prices compared to other vehicles.

Discounts on cheap car insurance for 19 year olds in Maryland

Insurance providers that sell policies for 19 year olds may also provide discounts that could potentially reduce rates by as much as 35% if you meet specific eligibility requirements. The best insurance companies and a selection of discounts can be read below.

The information below visualizes the comparison of car insurance rates with and without discounts applied to the rates. The costs are based on a female driver, no violations or accidents, Maryland state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with multiple policy, homeowner, multiple vehicle, safe-driver, passive restraint, and marriage discounts applied. When these discounts are applied, the average savings per year on insurance for 19 year olds is % or $.

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Cost difference between full coverage and liability

Finding cheap car insurance for 19 year olds in Maryland is the goal of the majority of people, and one of the easiest ways to find cheap insurance is to only buy liability coverage. The information below visualizes the comparison of insurance premiums with full coverage and liability only. The rate quotes are based on no claims or driving citations, $500 deductibles, drivers are not married, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 3247,1225],[‘Age 30’, 1713,673],[‘Age 40’, 1673,623],[‘Age 50’, 1529,585],[‘Age 60’, 1481,575],[‘Age 70’, 1817,767]]);var options = {title: ‘Full Coverage Versus Liability Only’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Maryland’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

As an overall average, comp and collision coverage costs an extra $1,910 per year more than just buying liability only. That brings up the question if paying for full coverage is worth it. There is no clear-cut formula for eliminating full coverage on your policy, but there is a general convention. If the annual cost of coverage is more than around 10% of the settlement you would receive from your company, then you may need to consider dropping full coverage.

Company comparison: Geico vs Progressive vs State Farm vs Allstate

When shopping around for car insurance, four companies you’ll want quotes from are Geico, Progressive, State Farm, and Allstate. Combined they make up over 48% of all car insurance policies in America. The data below ranks some of the ratings and options .