Cheap Auto Insurance Quotes for a School Permit in Maryland

Finding cost effective car insurance is difficult, and determining which companies have the most affordable insurance rates for a school permit will involve even more work. Insurance prices will more than likely be quite a bit more expensive than the average rate in Maryland due to the higher likelihood of claims that goes along with selling coverage for a learners permit, but affordable coverage should be obtainable if you shop around.

Every auto insurer has a proprietary method for setting prices, so let’s begin by examining the insurance companies with the overall cheapest rates in Maryland. It’s important that readers know that Maryland insurance rates are based on many factors that will increase or decrease the price you pay for coverage. This price fluctuation is why Maryland drivers need to compare many different companies to find the lowest auto insurance quotes for a school permit. Car insurance prices can be altered by many risk factors and change frequently, so the cheapest rate six months ago may now be an over-priced policy.

Best Auto Insurance Prices for Students

Compare Rates and Save

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USAA offers some of the most affordable car insurance rates in Maryland at around $930 each year. Liberty Mutual, Penn National, Erie, and State Auto also make the cut as some of the most economical Maryland auto insurance companies.

As the rates illustrate above, if you are a policyholder with Penn National and switched to USAA, you might realize savings of around $196. Drivers with Erie may save as much as $231 a year, and State Auto policyholders might reduce prices by as much as $284 a year.

Remember that these policy rates are averages across all insureds and vehicles and are not factoring in a rate surcharge for a school permit. So the car insurance company that can offer the best rates for your situation may not even be included in the above rate chart. That helps illustrate why you need to quote rates from many companies using your own personal information and vehicle type.

Everyone has different tastes in autos, and the style of vehicle to be insured is probably the most important factor that determines whether or not you can buy cheap auto insurance for a school permit in Maryland. Vehicles with high performance, a lack of modern safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models.

The next lists outlines auto insurance premiums for the cheaper vehicles to buy coverage for.

Prices based on single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in vehicle location which can lower or raise coverage prices significantly.

Table data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in specific Maryland garaging location which can alter premiums greatly.

Premium data assumes single female driver age 16, no speeding tickets, no at-fault accidents, $500 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in garaging location in Maryland which can impact coverage rates noticeably.

Safe drivers Maryland pay cheaper rates

In a perfect world, the ideal way to get low insurance premiums for a learners permit is to drive cautiously and avoid accidents and traffic violations. The chart below shows how traffic citations and accident claims can affect car insurance costs for different ages of insureds. The prices are based on a single male driver, full coverage, $100 deductibles, and no policy discounts are applied.

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The chart shows that the average cost of an auto insurance policy per year with a clean driving record and no accidents is $2,323. Get two speeding tickets and the average cost jumps to $3,085, an increase of $762 each year. Now get one accident along with the two speeding tickets and the 12-month cost of insurance for a school permit increases to an average of $3,847. That’s an increase of $1,524, or $127 per month, just for not being attentive to the road!

Allstate, State Farm, Geico, and Progressive compared

When buying auto insurance for a learners permit in Maryland, four good companies to start with are Allstate, State Farm, Geico, and Progressive. They all have different features and discounts that may steer you one way or another. The table below compares and contrasts some of the different options and features offered by each company.

How to find more affordable auto insurance for a school permit

It’s not impossible to find cheaper rates, and here are a few penny-pinching solutions that can help you find more affordable auto insurance.

• Serious violations like DUI or reckless driving can increase rates dramatically
• Raise deductibles to save money
• Good credit scores may lower your rates
• Save money by bundling your home and auto policies
• Avoid preventable accidents
• Save money by staying claim-free
• Shop around for cheaper prices

The last item on the list is very necessary, as we emphasized in the prior article. Auto insurance rates can change significantly in a year, so drivers shouldn’t be reluctant to buy a policy from a new company if a more affordable rate is found. Having brand loyalty is commendable, but it’s not a good idea if that loyalty ends up costing lots of hard earned cash every month. If you have a few minutes, now is a great time to shop around to find cheaper insurance for a school permit.