The vehicle on the policy is one of the biggest factors that determines the availability of low-cost auto insurance for 4×4 vehicles. Vehicles with limited speed and performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than high performance models. The next table ranks auto insurance costs for a selection of the most economical automobiles to insure in Maryland.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape Limited 2WD||$2,593|
|Honda CR-V EX 4WD||$2,841|
|Honda Accord LX-P 4-Dr Sedan||$2,866|
|Chevrolet Impala LS||$2,949|
|Chevrolet Silverado LS Regular Cab 2WD||$3,003|
|GMC Sierra SLE Crew Cab 2WD||$3,007|
|Ford Explorer Eddie Bauer 4WD||$3,064|
|Hyundai Elantra Blue 4-Dr Sedan||$3,111|
|Toyota Tacoma X-Runner 2WD||$3,168|
|Toyota Corolla S||$3,173|
|Honda Odyssey EX-L W/Rear Entertainment||$3,168|
|Kia Optima LX||$3,222|
|Ford Edge Limited 2WD||$3,226|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$3,258|
|Honda Civic EX-L 4-Dr Sedan||$3,330|
|Ford Focus SES 2-Dr Coupe||$3,384|
|GMC Sierra 2500HD SLT Crew Cab 4WD||$3,387|
|Chevrolet Equinox LT 2WD||$3,392|
|Toyota RAV4 Sport 4WD||$3,387|
|Chevrolet Silverado 2500HD LT Crew Cab Diesel 4WD||$3,445|
|Dodge Grand Caravan Crew||$3,463|
|Toyota Camry SE||$3,470|
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Above prices assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, multi-policy, and homeowner. Price estimates do not factor in zip code location which can impact auto insurance rates considerably.
Looking at the rates, you can see that cars like the Ford Escape, Honda CR-V, and Honda Accord will definitely be a few of the cheapest vehicles to insure for off-road vehicles.
For off-road vehicles, one of the big factors that are used to help calculate the cost of insurance is where your car is garaged. More populated areas will most likely pay more, whereas areas with less crime or weather claims benefit from lower prices.
The illustration below rates the highest-priced places in Maryland for 4×4 vehicles to buy car insurance in. Baltimore is ranked at #1 with an annual cost of $1,814 for the average insured, which is around $151 monthly.
|Rank||City||Average Per Year|
|22||Bel Air South||$1,222|
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Rates are approximated as the specific garaging location can lower or raise auto insurance rates substantially.
How accidents and tickets impact rates in Baltimore
The common sense way to snag the most affordable car insurance prices in Maryland for off-road vehicles is to drive attentively and not receive tickets or have accidents. The diagram below illustrates how speeding tickets and at-fault fender-benders can affect annual premium costs for different age groups. The premiums are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied to the premium.
In the previous example, the average cost of an auto insurance policy in Baltimore per year with a clean driving record and no accidents is $2,227. Receive two speeding tickets and the average cost swells to $3,173, an increase of $946 each year. Then add in one accident along with the two speeding tickets and the 12-month cost of car insurance for 4×4 vehicles jumps again to an average of $4,125. That’s an increase of $1,899, or $158 per month, just for a couple of infractions!
Should you buy full coverage?
Saving money when shopping for car insurance should be important to the majority of vehicle owners, and an effective way to find cheaper insurance for 4×4 vehicles is to not pay for full coverage. The information below shows the difference between insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no discounts are applied.
As an average for all age groups, full coverage costs an additional $2,590 per year more than buying just liability insurance. That is a significant amount which raises the question when is the right time to remove full coverage. There is no specific rule of when to phase out comp and collision coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than about 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
There are some scenarios where dropping full coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.
The importance of comparing Baltimore car insurance rates
Baltimore car insurance rates are based on many factors that control the cost of a policy. Simply having another birthday, marrying your spouse, or getting a speeding ticket can cause premium changes that can make some companies more affordable than others. Not only may your situation change, but auto insurance companies change premium rates as often as every three months in order to protect their financial rating. An unexpected high level of claims may cause additional price hikes, while less frequent claims may result in more affordable Baltimore car insurance rates.
For instance, the bar chart below demonstrates which company has the cheapest car insurance in Baltimore, MD for a 45-year-old female driver with no violations or accidents, and great credit. If we estimate prices based on her current risk profile, USAA may have the lowest car insurance rates in Baltimore at $1,670 each year. This is $111 more than the average rate paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto are also on the list of the most affordable Baltimore, MD auto insurance companies.
In this example, we will give the driver from the first rate comparison an accident claim, a lower credit rating, and a few traffic violations. Since every car insurance company has a proprietary formula for determining rates in each state, comparing insurance quotes may now present a substantially altered list of cheap Baltimore auto insurance companies as shown below.
Nationwide now has the cheapest insurance rate in Baltimore, MD with Travelers, MetLife, GEICO, and California Casualty now being in the top five. This demonstrates why Maryland drivers need to perform a complete rate comparison when trying to get the lowest car insurance quotes for 4×4 vehicles.
Car insurance prices are made up of many different factors and can decrease or increase without notice, so the cheapest company six months ago may now be quite expensive.
How to find the cheapest car insurance for 4×4 vehicles
It is possible to find better rates, and here are some of the better money-saving suggestions that can help Maryland drivers buy lower-cost auto insurance.
- Pay lower rates with good credit
- Accidents can significantly increase rates
- Raise deductibles
- Buy safe vehicles
- Do not get traffic violations
- Compare rates and switch if you can find a better deal
The last suggestion is very crucial, as was discussed in the article above. Auto insurance rates can change significantly in a year, so you should be ready to buy from a new company if a more affordable price is available. Brand loyalty is great, but it’s not a good idea if that faithfulness ends up costing you hundreds of dollars a year. In less than five minutes you could compare prices to find cheaper car insurance for 4×4 vehicles in Baltimore.
The insurance agencies listed below can probably aid you in deciding which coverages you need, since some drivers aren’t sure which coverage they need and prefer to get some professional advice when shopping for cheaper insurance for 4×4 vehicles. It can be complicated to find the cheapest rates, and insurance agents can bring peace of mind knowing you have suitable coverage if you have an accident.
To find an agent nearest to you, click the button below the list or click here to compare price quotes.
- Mindy Andreychek – State Farm Insurance Agent
8502 Harford Rd Ste B – Baltimore, MD 21234 – (410) 668-7600
- Allstate Insurance: Bennett-Carll Insurance Agency
7435 Baltimore Annapolis Blvd – Glen Burnie, MD 21061 – (410) 760-6651
- Kennedy Ins Agency – Progressive Insurance
410 Ingleside Ave – Baltimore, MD 21214 – (410) 719-6006