How Much Does Auto Insurance Cost for Good Students in Maryland?

How Much Does Auto Insurance Cost for Good Students in Maryland?

Our editors keep telling us that when writing about car insurance, the words “affordable” or “cheap” should not appear anywhere to describe car insurance rates. Nonetheless, cheap car insurance for good students is just plain contradictory. But don’t let that discourage you, because we will show you how you can quote insurance that is easy on your budget.

Deciding which insurers offer the lowest-priced auto insurance rates for good students involves a little more sweat in order to find coverage that fits your buget. Each insurance company has their own process for determining rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Maryland.

It’s important to know that Maryland auto insurance rates are determined by lots of factors which can substantially change the price you pay for coverage. Turning one year older, having a claim, or getting a couple of tickets may prompt premium changes that can cause some rates to be affordable when they were higher priced.

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Cheapest Maryland car insurance ranked by price
Rank Company Cost Per Year
1 USAA $948
2 Liberty Mutual $1,125
3 Erie $1,127
4 Penn National $1,137
5 State Auto $1,226
6 Amica $1,347
7 Nationwide $1,421
8 Travelers $1,426
9 MetLife $1,428
10 GEICO $1,442
11 California Casualty $1,529
12 Allstate $1,613
13 State Farm $1,646
14 Progressive $2,128
15 Encompass $2,490
16 Victoria $2,933
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USAA normally has some of the most affordable car insurance rates in Maryland at around $948 a year. Liberty Mutual, Erie, Penn National, and State Auto also are some of the more affordable Maryland insurance companies.

As shown above, if you are currently insured with Penn National and switched to USAA, you may see an annual savings of around $189. Policyholders with State Auto might save as much as $278 a year, and Amica customers might lower prices by $399 a year.

To discover how much you can save, click here to start your free quote or click several companies below for low rates.

It’s important to note that these policy prices are averages across all types of drivers and the different vehicles they drive and and are not calculated with a price discount for good students. So the company that can offer you the best price may not even be shown in the chart above. That illustrates why you need to compare rates from multiple companies using your own specific driver information and vehicle.

When shopping for car insurance for student drivers, one of the many things that is used by car insurance companies to determine the amount you pay each year for auto insurance is where you normally keep your vehicle in Maryland. Areas with increased crime or more people like Baltimore, Dundalk, and Catonsville tend to have more expensive auto insurance rates, whereas areas with less congestion generally pay lower car insurance rates.

The table below displays the higher priced cities in Maryland for good students in which to purchase auto insurance.

Car insurance prices in Maryland
Rank City Annual Rate
1 Baltimore $1,796
2 Woodlawn $1,674
3 Dundalk $1,550
4 Towson $1,527
5 Catonsville $1,475
6 Essex $1,474
7 Aspen Hill $1,463
8 Silver Spring $1,460
9 Bowie $1,432
10 Waldorf $1,389
11 Wheaton $1,361
12 Glen Burnie $1,342
13 Severn $1,327
14 Gaithersburg $1,265
15 Columbia $1,263
16 Rockville $1,251
17 Germantown $1,249
18 Ellicott City $1,245
19 Potomac $1,224
20 Annapolis $1,218
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Rate information is estimated as the garaging address in Maryland can impact price quotes noticeably.

The example below highlights how deductible selection can raise or lower insurance costs when trying to find cheap insurance for good students. The costs are based on a married female driver, full physical damage coverage, and no policy discounts are applied.

A 40-year-old driver could lower their policy premium by $376 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $564 by choosing a $1,000 deductible. Even younger insureds, like the Age 20 chart data, could drop their prices up to $928 each year by selecting a higher deductible. When increasing deductibles, it’s a good idea to have spare funds to be able to pay the extra out-of-pocket expense that is associated with using high deductibles.

How to find more affordable insurance for good students

The list below details many money-saving ideas that can help you buy low-cost coverage.

  • You will pay more if you get tickets or have at-fault accidents
  • Assess whether full coverage is needed
  • Do not get into accidents
  • Avoid price increases by not filing claims
  • Raise deductibles to save money
  • Compare price quotes at least once a year

That last tip is notably important, as was pointed out in this write-up. Insurance rates in Maryland can be changed at any time, so don’t be tentative to buy a different policy if a better deal can be had. We understand brand loyalty, but it’s not recommended if that loyalty ends up costing lots of hard earned cash every month. If you have a few minutes, compare rates to find cheaper insurance for good students.