Who Has Affordable Baltimore Auto Insurance for Veterans?

The car, truck, or SUV you are trying to insure is probably the largest consideration that determines if you can find the best cheap car insurance for veterans. Vehicles with lower acceleration and performance, modern passenger safety features, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models.

The next table ranks car insurance premiums for a number of the cheaper vehicles to buy insurance for.

Cheapest Vehicles to Insure in Baltimore, MD
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX-L 2WD $2,437
Volkswagen Jetta 2.0T Station Wagon $2,787
Dodge Grand Caravan Hero $2,822
Toyota RAV4 Limited 2WD $2,832
Ford Explorer Eddie Bauer 4WD $2,878
Toyota Tacoma Double Cab TRD Sport Package 4WD $2,884
Ford Escape XLS 4WD $2,927
Ford Fusion Sport 4-Dr Sedan $3,026
Chevrolet Malibu LTZ $3,032
Honda Civic GX 4-Dr Sedan $3,117
Hyundai Sonata SE 4-Dr Sedan $3,173
Chevrolet Impala LS $3,176
Honda Odyssey EX $3,185
Toyota Prius $3,250
Jeep Wrangler Sahara 4WD 2-Dr $3,275
Dodge Ram 3500 Crew Cab Laramie 2WD $3,282
Ford Edge Limited 2WD $3,387
Jeep Grand Cherokee Laredo 2WD $3,457
Toyota Corolla XRS $3,467
Nissan Rogue S 2WD $3,474
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Prices based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-policy, and multi-vehicle. Table data does not factor in specific location which can influence rates significantly.

By looking at the data, you can infer that cars like the Honda CR-V, Volkswagen Jetta, and Dodge Grand Caravan are most likely going to be a few of the most economical vehicles to insure for veterans.

Deciphering which insurers offer the best car insurance rates for veterans requires a bit more effort than just picking a company at random.

Every auto insurer has their own guidelines for determining rates in each state, so let’s examine the most budget-friendly car insurance companies in Baltimore, MD. It’s important that readers know that Maryland car insurance rates are determined by lots of factors that may substantially change the cost of having a policy. Getting older, buying a different home, or getting a DUI can trigger rate changes resulting in some companies being cheaper than before.

Best Car Insurance Prices for Vets

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Rankings for the cheapest car insurance companies in Maryland
Rank Company Cost Per Year
1 USAA $958
2 Penn National $1,093
3 Liberty Mutual $1,114
4 Erie $1,149
5 State Auto $1,226
6 Amica $1,334
7 Nationwide $1,379
8 MetLife $1,428
9 Travelers $1,440
10 GEICO $1,442
11 California Casualty $1,499
12 Allstate $1,645
13 State Farm $1,696
14 Progressive $2,149
15 Encompass $2,516
16 Victoria $3,023
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USAA normally has some of the most affordable car insurance rates in Baltimore at around $958 annually. This is $601 less than the average premium paid by Maryland drivers of $1,559. Penn National, Liberty Mutual, Erie, and State Auto are also some of the lowest-priced Baltimore, MD car insurance companies.

As shown above, if you buy coverage from Erie and switched to USAA, you may see a yearly savings of around $191. Customers with State Auto might save as much as $268 a year, and Amica customers might lower prices by up to $376 a year.

To find out how your current rates compare, click here to start your free quote or visit any of the low-priced companies below.

Bear in mind that those rates are averaged for all ages of drivers and types of vehicles and do not factor in an exact vehicle garaging location for veterans. So the auto insurance company that can offer you the best rate may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own specific driver information and vehicle.

How to get discounts on Baltimore auto insurance rates

Cheaper Baltimore, MD car insurance for veteransInsurers that offer coverage for veterans could also offer discounts that could lower prices by 25% or more if you qualify. A few of the larger companies and a summarized list of policyholder discounts can be read below.

The example below visualizes the comparison of insurance prices with and without policy discounts. The prices are based on a male driver, no accidents or driving violations, Maryland state minimum liability limits, full physical damage coverage, and $500 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with claim-free, vehicle safety, safe-driver, accident-free, multiple vehicle, and homeowner discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on car insurance for veterans is 28% or $714.

Liability rates compared to full coverage

Lowering the price of car insurance is the goal of most drivers, and a great way to buy cheap insurance for veterans is to not pay for full coverage. The information below compares insurance costs with and without physical damage coverage. The price estimates are based on no claims, a clean driving record, $100 deductibles, drivers are single, and no discounts are taken into consideration.

As an average for all age groups, comp and collision coverage costs $3,168 per year over and above liability coverage. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no definitive rule of when to phase out comp and collision coverage, but there is a guideline you can use. If the yearly cost for physical damage coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.

There are some cases where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.

Impact of violations and accidents on rates

The easiest way to score the most affordable car insurance prices in Maryland for veterans is to be a cautious driver and not get tickets or have accidents. The information below shows how traffic citations and fender-benders can affect insurance premiums for each age group. The costs are based on a married female driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

The data in the chart shows the average cost of car insurance in Maryland per year with no violations or accidents is $1,731. Receive two speeding tickets and the average cost hikes up to $2,454, an increase of $723 each year. Now add in two accidents along with the two speeding tickets and the 12-month cost of car insurance for veterans increases to an average of $5,485. That’s an increase of $3,754, or $313 per month, just for not keeping your driving record clean!