How much is car insurance in Baltimore?
Average Monthly Car Insurance Premium
How does Baltimore compare to the surrounding area and the rest of Maryland ? What can Baltimore residents expect to pay for their car insurance ? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:
You can see in the chart above that it’s around $58 a month more expensive to insure your vehicle in Baltimore than it is in the rest of Maryland.
Similarly, Baltimore residents will likely pay higher rates for their insurance policy than the rest of the country. The cost of insuring a vehicle in Baltimore is about $99 more expensive than the average rate for the rest of the U.S.
These rates provide a great starting point for understanding what to expect for your monthly payment, but there’s no guarantee that this is what you will end up paying. The monthly rate that insurance companies end up charging you is determined by a variety of factors. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly premium.
We’ve analyzed the average rate for Baltimore and broken down the different factors to help you understand what your monthly bill might look like. And if you’re not sure that you’re paying the lowest option, simply enter your ZIP below and find out!
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Average Car Insurance Rates by Age
Under 18Not Enough Data18-24$27125-34$17435-44$16945-54$15955-64$14265+$126
It’s pretty safe to assume that the older you are, the more experience you have as a driver. That experience can lead to some serious savings when it comes to car insurance bills. According to the table above, you can see that 18-24-year-olds pay two times as much as someone who is at retirement age.
Every ten years or so you can expect to see a decline in your monthly premium. As you get closer to retirement, however, you may see your rates climb back up a bit in Baltimore.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. In Baltimore, male drivers pay about $7 more a month. Based on the chart above, you can see that female drivers pay around $176 on average, while male drivers typically pay $183 each month.
Average Auto Insurance Rates by Driving Record
Average Monthly Premium
1 Accident$217Multiple Accidents$2991 Ticket$189Multiple Tickets$263
Your driving record can have a huge impact on your car insurance rates. Those with clean records can expect to pay significantly less than those with infractions. In Baltimore, having a single accident on your record will usually get you rates around $217 a month. Likewise, drivers with one ticket will be looking at a rate of around $189 a month on average.
Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. That’s why it’s important to drive safely and keep your record clean so you can keep your rates as low as possible.
Average Insurance Rates by Vehicle
Average Monthly Premium
Less Than 1 Year$1752-3 Years$1954-5 Years$2046-7 Years$1868-10 Years$17211-14 Years$18215 Years or Older$173
In Baltimore, the cheapest vehicles to insure are usually trucks and vans, with drivers paying around $164 per month to insure their vehicle.
Car owners will see a monthly bill of about $183, while SUV owners typically pay around $176 per month.
Your rates can also vary depending on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. Once your car is about 5 years old however, your rates may start to dip back down a bit. In Baltimore, vehicles four-to-five years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
Average Monthly Premium
Single (never married)$189Married$138Divorced$147Widowed$121
On average, car insurance is slightly cheaper for married policyholders. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.
On a national scale, single drivers typically pay more than married couples do for auto insurance. Baltimore is no exception, with the difference totaling to around $51 a month.
Average Car Insurance Rates by Housing Situation
Average Monthly Premium
Own$163Rent$186Live with parents$237
Another factor that comes into play is your living accommodations. If you rent your home or apartment, expect to pay around $23 a month more than if you own your own home in Baltimore. But if you live with your parents, your rates will be significantly higher.
Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Baltimore, MD
Recent trends in car insurance for Baltimore drivers
Average rates are constantly changing, so it’s a good idea to know the direction your area is trending when choosing when and where to shop.
The rates for car insurance in Baltimore rose from 2017-2020, when they reached a high of $216. Policy premiums began to decrease in 2021, and this trend has continued through 2022, when rates have most recently hit $178.
How does Baltimore compare to neighboring areas?
Why are car insurance rates in Baltimore different from other areas?
There are a variety of factors car insurance companies take into consideration when figuring out how much to charge for a monthly rate. The price of your insurance policy will depend largely on where you call home and will be influenced by things such as:
- Local laws
- Total number of drivers in the area
- Number of car accidents
- Area crime rates
- Access to off-street parking
It’s good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
How can I find the cheapest car insurance in Baltimore?
Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.
But wait! Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions, and you’ll be comparing the cheapest quotes from several of the car insurance companies offering coverage in Baltimore.
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Baltimore Insurance FAQs
What factors affect car insurance quotes in Baltimore?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle’s year, make and model, your age and gender, as well as your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Baltimore different from other neighboring cities?
Things like crime rates, parking situations, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Baltimore?
There isn’t one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it’s a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you’re getting the best price.
Do I need to change my insurance if I move to Baltimore?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it’s always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it’s a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you’ve recently moved to Baltimore or it’s been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.