Wouldn’t it be great if we could look into our crystal ball and tell you one specific company that has the best insurance prices for drivers over age 50? It’s just not that simple, as there are a lot of unknowns like your age, whether or not you own a home, if you have ever let your policy lapse, and if you are a good driver. This article delves into the best ways to find cheap car insurance and also should give you a good beginning to your search for cheaper coverage.
For older drivers, one of the more important factors that aid in calculating auto insurance rates is where you call home in Baltimore. Cities with larger populations likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of lower rates.
The next table sorts the priciest cities in Maryland for drivers over age 50 to buy auto insurance in. Baltimore makes the list at #1 with a yearly cost of $1,760 on average, which is about $147 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Baltimore | $1,760 |
| 2 | Woodlawn | $1,657 |
| 3 | Dundalk | $1,490 |
| 4 | Catonsville | $1,475 |
| 5 | Towson | $1,467 |
| 6 | Silver Spring | $1,460 |
| 7 | Aspen Hill | $1,435 |
| 8 | Essex | $1,416 |
| 9 | Bowie | $1,390 |
| 10 | Waldorf | $1,389 |
| 11 | Glen Burnie | $1,383 |
| 12 | Wheaton | $1,361 |
| 13 | Severn | $1,327 |
| 14 | Gaithersburg | $1,304 |
| 15 | Rockville | $1,290 |
| 16 | Columbia | $1,275 |
| 17 | Ellicott City | $1,271 |
| 18 | Germantown | $1,249 |
| 19 | Potomac | $1,237 |
| 20 | Annapolis | $1,231 |
| 21 | Bethesda | $1,215 |
| 22 | North Bethesda | $1,206 |
| 23 | Bel Air South | $1,186 |
| 24 | Frederick | $1,044 |
| 25 | Hagerstown | $1,020 |
| Find the Best Rates Go | ||
Annual rates are comparative as the specific geographic location can alter prices noticeably.
Deciding which company has the cheapest auto insurance rates for drivers over age 50 will take more work in order to find the best policy.
Every insurance company has their own unique process to set their prices, so we will examine the lowest cost auto insurance companies in Maryland. Keep in mind that Baltimore auto insurance rates are impacted by many factors that will increase or decrease the policy premium. Simply having another birthday, getting married, or getting a reckless driving citation may cause policy rate changes that can now make some companies cheaper than competitors.
Find Cheaper Auto Insurance for Age 50+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $920 |
| 2 | Liberty Mutual | $1,092 |
| 3 | Penn National | $1,137 |
| 4 | Erie | $1,161 |
| 5 | State Auto | $1,178 |
| 6 | Amica | $1,308 |
| 7 | MetLife | $1,372 |
| 8 | Travelers | $1,398 |
| 9 | Nationwide | $1,435 |
| 10 | GEICO | $1,442 |
| 11 | California Casualty | $1,499 |
| 12 | Allstate | $1,645 |
| 13 | State Farm | $1,646 |
| 14 | Progressive | $2,149 |
| 15 | Encompass | $2,592 |
| 16 | Victoria | $2,963 |
| View More Rates Go | ||
USAA may offer some of the most affordable car insurance rates in Baltimore at around $920 per year. This is $639 less than the average policy premium paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto also are some of the cheaper Baltimore, MD insurance companies.
In the above example, if you are insured with Erie and switched to Liberty Mutual, you might realize an annual premium reduction of approximately $69. Maryland drivers with State Auto may save as much as $86 a year, and Amica customers might lower prices by up to $216 a year.
Be aware that those premiums are averaged for all types of insureds and vehicles and are not factoring in a specific location for drivers over age 50. So the auto insurance company that has the lowest price for you may not even be in the top 16 companies shown above. That’s why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Tickets and at-fault accidents raise rates
The recommended way to receive the best auto insurance prices in Baltimore for older drivers is to drive safely and avoid traffic citations and accidents. The chart below shows how traffic citations and at-fault accidents can affect car insurance rates for different age groups. The premiums are based on a married female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
The data above shows the average cost of car insurance in Baltimore per year with no accidents or violations is $2,182. Get two speeding tickets and the average cost rises to $3,111, an increase of $929 each year. Then include two accidents along with the two speeding tickets and the yearly cost of auto insurance for drivers over age 50 goes up to an average of $6,563. That’s an increase of $4,381, or $365 per month, just for not driving carefully!
Discounts on Baltimore auto insurance rates
Insurers that offer quotes for drivers over age 50 may also offer special discounts that can reduce rates by as much as 25% or more if you meet eligibility requirements. Companies and a selection of discounts are shown below.
- Progressive may offer discounts for multi-policy, continuous coverage, good student, online quote discount, and multi-vehicle.
- GEICO offers discounts including anti-theft, seat belt use, multi-policy, military active duty, anti-lock brakes, five-year accident-free, and daytime running lights.
- State Farm discounts include safe vehicle, accident-free, Drive Safe & Save, anti-theft, driver’s education, and multiple autos.
- Esurance may include discounts for online shopper, emergency road assistance, defensive driver, Switch & Save, and online quote.
- The Hartford may have discounts that include driver training, vehicle fuel type, good student, bundle, anti-theft, defensive driver, and air bag.
The information below illustrates the comparison of insurance prices with and without discounts being applied to the rates. The premiums assume a female driver, no violations or claims, Maryland state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, defensive driving course, multiple policy, claim-free, safe-driver, and multiple vehicle discounts applied. When taking advantage of discounts, theamount saved on auto insurance for drivers over age 50 is 29% or $787.
What is the best auto insurance company in Maryland?
Finding the best car insurance provider is hard considering how many choices you have in Maryland. The ranking information shown below may help you pick which auto insurance companies to look at when shopping car insurance rates for drivers over age 50. These ratings are only made up of companies with a nationwide focus, so companies with more of a regional focus are not taken into consideration for this list.
Top 10 Large Auto Insurers Overall in Baltimore
- Travelers
- USAA
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
The agents shown below can probably aid you in deciding which policy is best, as many consumers aren’t sure which coverage to buy and prefer to get some professional input when shopping for cheaper insurance for drivers over age 50. It’s not always simple to find the cheapest auto insurance company, and using a licensed agent can give peace of mind knowing your policy gives you suitable coverage if you ever need to use it.
To locate a Baltimore insurance agent using an interactive map, click the button at the bottom.
Mimi Brown – State Farm Insurance Agent
911 S Lakewood Ave – Baltimore, MD 21224 – (410) 878-0232
Allied Insurance Agency
7840 Eastern Ave – Baltimore, MD 21224 – (410) 282-1111
Allstate Insurance: Donald White
733 W 40th St #311 – Baltimore, MD 21211 – (410) 467-9600
Find a Baltimore, MD insurance agent near you
How to find economical car insurance for drivers over age 50
Here are many thrifty ideas that can help drivers buy low-cost coverage.
- Raise deductibles
- Drop full coverage on older vehicles
- Drivers with good credit often pay less
- At-fault accidents will increase rates
- Drive safe vehicles
- Drive safely
- Compare rates once a year for cheaper prices
That last idea is certainly necessary, as we stressed in the prior information. Prices can be modified anytime, so drivers shouldn’t be reluctant to switch companies if you can save money.
Many consumers stick with the same company and that’s fine, but it isn’t a good idea if it’s costing you a small fortune. Take a few minutes and compare prices to find cheaper insurance for drivers over age 50 in Baltimore.