The words “economical” and “insurance” really shouldn’t be used in the same sentence, especially when trying to find the cheapest auto insurance with multiple speeding tickets. In an attempt to save some money, let’s familiarize you with some things that impact car insurance prices, and find some ways to reduce the price of the next policy you buy.
Cheap car insurance image courtesy of QuoteInspector.com
After a few driving violations, one of the more important considerations that are looked at to determine the amount you pay each year for auto insurance is where you keep your vehicle in Baltimore. Areas with more people or higher crime rates tend to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.
The information below sorts the most costly cities in Maryland with multiple speeding tickets to buy an auto insurance policy in. Baltimore comes in at #1 with the yearly price of $1,760 on average, which is around $147 monthly.
|Rank||City||Average Per Year|
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Premium amounts are estimated as the vehicle garaging location can influence coverage rates substantially.
The type of vehicle on the policy is one of the biggest factors when looking for the lowest-priced car insurance with multiple speeding tickets. Vehicles with limited top-end speed, excellent safety ratings, or a track record of few liability claims will cost less to insure than adrenaline junky models. The next table showcases insurance premiums for a handful of the more affordable vehicles to insure in Maryland.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Ford Edge SE 2WD||$4,168|
|Honda Accord EX 4-Dr Sedan||$4,198|
|Honda CR-V EX-L 4WD||$4,291|
|Ford Escape XLS 4WD||$4,413|
|Chevrolet Silverado LS Extended Cab 4WD||$4,502|
|Chevrolet Malibu LS||$4,507|
|Volkswagen Jetta S 2.5 Station Wagon||$4,561|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$4,631|
|Honda Civic LX-S 4-Dr Sedan||$4,661|
|Ford Focus SEL 4-Dr Sedan||$4,670|
|Ford F-150 XLT Regular Cab 4WD||$4,698|
|Dodge Grand Caravan SE||$4,708|
|Toyota Corolla XRS||$4,835|
|Toyota RAV4 2WD||$4,968|
|GMC Sierra SL Extended Cab 2WD||$4,975|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$5,005|
|Ford Explorer Eddie Bauer AWD||$5,061|
|GMC Sierra 2500HD SLT Extended Cab 4WD||$5,079|
|Toyota Tacoma 2WD||$5,124|
|Honda Odyssey EX W/Rear Entertainment||$5,133|
|Toyota Camry Hybrid||$5,157|
|Kia Optima SX||$5,167|
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Data based on single female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, and homeowner. Table data does not factor in specific location which can decrease or increase premium rates significantly.
Looking at the numbers, cars like the Ford Edge, Honda Accord, Honda CR-V, Ford Escape, and Chevrolet Silverado are most likely to be the most affordable vehicles to insure after a few driving violations.
Finding a high-quality company can be challenging considering how many different companies there are to choose from in Maryland. The rank data listed below can help you choose which car insurance companies you want to consider comparing rates from.
These rankings are only comprised of companies with a national presence, so smaller regional companies are not factored into the list. To compare prices from these and other top-rated companies, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The illustration below demonstrates how deductible levels can change insurance prices when quoting cheap insurance with multiple speeding tickets. The information is based on a married female driver, comprehensive and collision coverage, and no discounts are applied to the premium.
The data above shows that a 30-year-old driver could pocket $450 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $678 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old example, could save $958 every year by choosing a larger deductible amount. When insureds make the decision to increase the deductibles on their policy, it will now be necessary to have enough spare savings to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Can you find cheaper Baltimore car insurance?
Maryland insurance rates are impacted by many factors that control your annual premium. Turning one year older, buying a home instead of renting, or having an accident can trigger rate changes that can make some companies more affordable than the competition.
Additionally, auto insurance companies modify rates as often as every quarter to adjust for heavy claims or excess profits. An unexpected high level of claims may result in a rate increase, while better underwriting can result in lower-cost Baltimore car insurance rates.
The chart below shows which companies have the cheapest car insurance in Baltimore, MD for a 45-year-old male driver with a clean driving record, no accidents, and excellent credit. When quoting prices based on his personal profile, USAA offers the lowest car insurance rates in Baltimore at $1,755 per year. This is $196 more than the average rate paid by Maryland drivers of $1,559. Penn National, Liberty Mutual, Erie, and State Auto also make the list of the most affordable Baltimore, MD auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart a claim surcharge, a lower credit rating, and a couple of points charged on his driving record. Since every car insurance company uses a different method for determining rates in each state, comparing quotes most likely will result in a completely different list of affordable companies as shown below.
Nationwide now has the best insurance rate in Baltimore, MD with Travelers, MetLife, GEICO, and Penn National also being competitive. This example illustrates why Maryland drivers need to do a thorough rate comparison to find the most economical auto insurance rates with multiple speeding tickets. Insurance prices are made up of many risk factors and change substantially, so the best price six months ago may now be one of the more expensive options.
How to find low-cost car insurance with multiple speeding tickets
The list below summarizes some of the recommended thrifty ideas that can help drivers get cheap car insurance.
- Avoid accidents and claims
- The safer your car, the less it costs to insure
- Buying your home and auto policies from the same company can earn a discount
- If possible, pay for small claims out-of-pocket
- If your vehicles are older, consider dropping full coverage
- Avoid speeding and other traffic citations and pay less
- Look for cheaper rates once a year by shopping around
That last piece of advice is especially significant, as we discussed in the article above. Insurance rates in Baltimore vary greatly, so drivers shouldn’t hesitate to change to a new company if a cheaper rate is available.
Brand loyalty is not necessarily bad, but it’s not a good idea if that inflexibility results in costing you major coinage every year. If you have a few minutes, now is a great time to compare prices and find cheaper insurance with multiple speeding tickets.