Average Car Insurance Cost Per Month Maryland

Average Car Insurance Cost Per Month in Maryland

What is the Average Car Insurance Cost Per Month in Maryland?

The average cost of car insurance in Maryland is around $123 per month, according to data from the Insurance Information Institute. This figure is slightly higher than the national average of $119 per month. The cost of car insurance in Maryland can vary widely, depending on your age, driving record, the type of car you drive, and other factors.

Factors That Affect Car Insurance Costs in Maryland

There are several factors that can influence the cost of car insurance in Maryland. The most significant factors are your age, driving record, and the type of car you drive. Your age is a major factor because younger drivers are typically considered more of a risk by insurance companies. Additionally, drivers with more tickets or accidents on their driving record may be considered higher risk and may pay more for insurance. The type of car you drive can also significantly affect your insurance rate. Sports cars, luxury vehicles, and other high-end cars typically cost more to insure than more economical vehicles.

Average Car Insurance Costs by Age in Maryland

The cost of car insurance in Maryland can vary significantly depending on your age. The average cost of car insurance for drivers between the ages of 16-19 is around $295 per month, while the average cost for drivers between the ages of 20-24 is $196 per month. For drivers between the ages of 25-29, the average cost is $135 per month, while for drivers between the ages of 50-59, the average cost is $102 per month.

Average Car Insurance Costs by Driving Record in Maryland

Your driving record is one of the most important factors in determining your car insurance rate. Drivers with a clean driving record typically pay lower insurance rates than those with tickets or accidents on their record. The average cost of car insurance for drivers with a clean driving record is around $108 per month. For drivers with one ticket or accident on their record, the average cost is $128 per month. For drivers with two tickets or accidents on their record, the average cost is $191 per month.

Average Car Insurance Costs by Type of Car in Maryland

The type of car you drive can have a significant effect on the cost of your car insurance. Luxury cars, sports cars, and other high-end vehicles typically cost more to insure than more economical vehicles. The average cost of car insurance for a sedan is around $113 per month. For a sports car, the average cost is $202 per month. For a luxury vehicle, the average cost is $305 per month.

How to Find the Best Car Insurance in Maryland

When shopping for car insurance in Maryland, it is important to compare rates from multiple insurance companies to ensure you are getting the best deal. Additionally, it is important to shop around to make sure you are getting the coverage you need at the best possible price. It is also important to make sure you are taking advantage of any discounts or incentives that may be available. By doing your research and shopping around, you can find the best car insurance for you at the lowest cost.