Finding car insurance at an affordable price in Maryland is a necessity, yet finding suitable coverage may be challenging. Policygenius helps drivers obtain quotes from top-rated auto insurers at rates they’re comfortable with – all from top companies! To find cheap Maryland auto insurance policies quickly, drivers need to understand what factors affect premiums as well as any discounts they qualify for and take full advantage of them!
Maryland car insurance rates can be heavily influenced by your driving history, including any traffic violations or accidents you’ve had recently. Insurance companies use this data to assess your risk as a driver and assign you to a rate tier; having a clean driving record usually results in lower premiums while at-fault accidents and speeding tickets could increase them significantly.
Your credit score plays a key role in your Maryland car insurance rates. While some states allow insurers to use your score when providing quotes, Maryland does not. Drivers with good or excellent credit typically pay about the same average premium for full coverage while those with poor credit could see considerably higher costs.
Consider what type of vehicle you drive and how much coverage is appropriate; typically luxury or sports cars will cost more to insure than SUVs or sedans. Furthermore, Maryland is an at-fault state wherein responsible parties’ insurance covers damages up to an agreed upon limit if their negligence causes injuries to third parties.
Location can have an enormous effect on your car insurance rates, as different cities vary in terms of crime levels and weather. Some areas are also more prone to claims than others – and therefore may cause higher premiums than expected.
One effective strategy for lowering Maryland car insurance rates is taking a defensive driving course. Such courses help students learn safe driving techniques while improving overall driving skills – saving them money in car insurance over time.
Addition of teen drivers can significantly raise Maryland car insurance rates as young drivers are considered more of a risk by insurers. According to estimates from insurers, adding 16 or 17-year-old drivers can increase your rates up to 2.4x! In order to minimize Maryland car insurance rate increases when adding teenage drivers, make sure they possess a good driving history and safe vehicle.
Avoid purchasing your teen a sports or luxury car as this will be more expensive to insure. Instead, opt for safer models at reduced costs with minimum coverage or consider selecting an inexpensive model like an economy vehicle or opting for safer insurance discounts, like good student, safe driver loyalty or affinity discounts – download our free guide on ways to save on Maryland car insurance today for further assistance!