Best Cheap Auto Insurance Quotes for Lyft Drivers in Maryland

Our editors have a joke that when writing about auto insurance, the word “cheap” really should not be used anywhere in the article to describe car insurance rates. It’s just a fact that cheap auto insurance for Lyft drivers can be hard, if not impossible, to find. But fear not, because we are going to show you how you can still get auto insurance that works with your budget.

Figuring out which company has the most affordable car insurance rates for Lyft drivers will take a little more work in order to find the most economical policy.

Each auto insurer has their own unique process for setting prices, so we’ll take a look at the car insurance companies that tend to be cheaper in Maryland.

Find Cheaper Auto Insurance for Your Lyft Vehicle

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USAA normally has some of the cheapest car insurance rates in Maryland at around $930 per year. Liberty Mutual, Erie, Penn National, and State Auto also are some of the cheaper Maryland insurance companies.

As the rates illustrate above, if you are a customer of Penn National and switched to USAA, you might see an annual premium reduction of about $207. Policyholders with State Auto could save as much as $248 a year, and Amica policyholders might see rate reductions of $417 a year.

To find the best cheap car insurance for Lyft drivers in Maryland, click here to get quotes or visit several of the following companies.

It’s important to note that these policy rates are averaged for all drivers and vehicles in Maryland and and are not figured with a rate discount for Lyft drivers. So the auto insurance company that is most affordable for your situation may not even be featured in the list of companies shown earlier. That helps illustrate why you need to get rate quotes using your own specific driver information and vehicle.

One of the more important criteria that control car insurance rates is where your car is garaged in Maryland. Larger areas like Baltimore, Dundalk, and Silver Spring tend to pay more, whereas areas that are not as densely populated generally benefit from lower insurance rates.

The table below illustrates the most costly cities in Maryland for Lyft drivers in which to buy car insurance.

Premium amounts are estimated as the vehicle garaging location can decrease or increase price quotes significantly.

Best car insurance company in Maryland

Buying coverage from the top car insurance provider can be difficult considering how many companies there are to choose from in Maryland. The rank data listed below may help you analyze which providers to look at comparing rates from. The rankings below include companies that write coverage in many states, so smaller regional companies will not be included in this list.

Top 10 Major Auto Insurers in Maryland Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. Liberty Mutual
6. GEICO
7. American Family
8. Esurance
9. AAA Insurance
10. Titan Insurance

How to get discounts on Maryland auto insurance

Insurers that sell the best cheap car insurance for Lyft drivers in Maryland may provide rate discounts that may potentially lower prices by as much as 30% if you qualify. A few popular companies and some of their more popular discounts are included below.

• State Farm discounts include passive restraint, Steer Clear safe driver discount, student away at school, safe vehicle, multiple autos, accident-free, and defensive driving training.
• GEICO may offer discounts for anti-theft, air bags, defensive driver, multi-policy, and emergency military deployment.
• SAFECO may have discounts that include bundle discounts, teen safe driver, homeowner, multi-car, teen safety rewards, drive less, and accident prevention training.
• Farmers Insurance includes discounts for early shopping, youthful driver, pay in full, good student, alternative fuel, electronic funds transfer, and business and professional.
• AAA policyholders can earn discounts including education and occupation, good driver, AAA membership discount, good student, and multi-policy.
• USAA offers premium reductions for vehicle storage, military installation, multi-vehicle, family discount, annual mileage, defensive driver, and loyalty savings.

The illustration below shows the difference between insurance costs with and without discounts applied to the rates. Data assumes a male driver, no violations or accidents, Maryland state minimum liability limits, full physical damage coverage, and $250 deductibles.

The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with homeowner, claim-free, accident-free, anti-theft, marriage, and safe-driver discounts applied. When discounts are factored in, the average amount saved each year on car insurance for Lyft drivers is 28% or $589.

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State Farm vs Geico vs Progressive vs Allstate

When buying auto insurance for Lyft vehicles in Maryland, four companies to consider are State Farm, Geico, Progressive, and Allstate. They all offer slightly different options that shoppers can select from. The data below shows pricing and service ratings, as well as optional policy coverages you can buy with each company.