How Much are Baltimore Auto Insurance Quotes for Real Estate Agents?

Determining which company quotes the best auto insurance rates for real estate agents may require more time in order to find the most economical policy. Each company has a different formula to determine premium rates, so we’ll take a look at the auto insurance companies that tend to be cheaper in Baltimore.

It’s a good idea to know that Maryland auto insurance rates are based on many factors that control the cost of a policy. Improving your credit rating, becoming a homeowner, or getting caught speeding can cause premium changes that can now make some companies cheaper than competitors.

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Rankings for the cheapest Maryland auto insurance companies
Rank Company Cost Per Year
1 USAA $920
2 Liberty Mutual $1,114
3 Penn National $1,137
4 Erie $1,161
5 State Auto $1,190
6 Amica $1,308
7 MetLife $1,414
8 Nationwide $1,435
9 Travelers $1,440
10 GEICO $1,486
11 California Casualty $1,529
12 Allstate $1,645
13 State Farm $1,696
14 Progressive $2,149
15 Encompass $2,490
16 Victoria $2,963
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USAA normally has some of the cheapest car insurance rates in Baltimore at around $920 annually. 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 make the cut as some of the best Baltimore, MD insurance companies.

In the rate table above, if you currently have coverage with Liberty Mutual and switched to USAA, you might achieve a yearly price reduction of about $194. Insureds with Penn National could save as much as $217 a year, and Erie policyholders might cut rates by $241 a year.

If you would like to find cheaper car insurance rates, click here or quote prices from the following companies.

Remember that these prices are averaged for all drivers and vehicles and do not take into consideration a specific vehicle garaging location for real estate agents. So the company that fits you best may not even be in the list above. That point stresses why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

One of the more important factors that determine the amount you pay for auto insurance is where you normally keep your vehicle in Baltimore. Cities with larger populations are more likely to pay higher prices, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.

The illustration below lists the most expensive areas in Maryland for real estate agents in which to purchase auto insurance. Baltimore is ranked at #1 with an annual rate of $1,760 for the average insurance policy, which is around $147 per month.

Car insurance prices in Baltimore
Rank City Premium Per Year
1 Baltimore $1,760
2 Woodlawn $1,674
3 Dundalk $1,490
4 Essex $1,474
5 Towson $1,467
6 Silver Spring $1,460
7 Catonsville $1,432
8 Aspen Hill $1,420
9 Bowie $1,404
10 Waldorf $1,375
11 Glen Burnie $1,370
12 Wheaton $1,321
13 Gaithersburg $1,317
14 Severn $1,314
15 Rockville $1,290
16 Germantown $1,287
17 Potomac $1,274
18 Ellicott City $1,245
19 North Bethesda $1,243
20 Bethesda $1,239
21 Columbia $1,225
22 Bel Air South $1,222
23 Annapolis $1,218
24 Frederick $1,044
25 Hagerstown $1,020
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Rates are estimated as vehicle location can impact premium rates noticeably.

The type of vehicle requiring insurance is a significant factor that determines if you can find the lowest-priced coverage for real estate agents. Vehicles with higher performance characteristics, a lack of advanced safety features, or a track record of large liability claims will cost substantially more to insure than more modest models. The table below outlines insurance costs for a selection of the most budget-friendly automobiles to insure.

Cheapest Vehicles to Insure in Baltimore, MD
Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $2,536
Ford Escape Limited 4WD $2,755
Hyundai Elantra SE Touring Station Wagon $2,765
Honda Accord EX 4-Dr Sedan $2,866
Toyota RAV4 4WD $3,006
Toyota Tacoma Double Cab 4WD $3,064
Toyota Prius $3,089
Ford Explorer XLT AWD $3,107
Ford Focus SES 4-Dr Sedan $3,111
Toyota Corolla S $3,168
Toyota Camry LE $3,290
Volkswagen Jetta LE 4-Dr Sedan $3,295
Chevrolet Impala LS $3,312
Ford F-150 SVT Raptor Super Cab 4WD $3,355
Chevrolet Malibu LS $3,387
Chevrolet Equinox LT 2WD $3,393
Chevrolet Silverado LTZ Extended Cab 2WD $3,441
Toyota Camry Hybrid $3,447
Dodge Grand Caravan Crew $3,463
Dodge Ram 3500 Crew Cab Laramie 2WD $3,502
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Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Table data does not factor in zip code location which can influence insurance rates noticeably.

Based upon the rates shown, we can presume that vehicles like the Honda CR-V, Ford Escape, Hyundai Elantra, Honda Accord, and Toyota RAV4 will be the cheaper vehicles to insure for realtors.

Maryland auto insurance company ratings

Insuring your vehicle with a good quality car insurance company is hard considering how many companies there are in Maryland. The ranking data in the lists below could help you choose which auto insurers you want to consider comparing prices from.

The rankings below include companies who write in the majority of U.S. states, so companies that may only write in Maryland are not taken into consideration for these rankings. To get price quotes from these and other top-rated companies, click here.

Top 10 Large Car Insurance Companies Overall in Baltimore

  1. Travelers
  2. USAA
  3. AAA Insurance
  4. Nationwide
  5. Allstate
  6. State Farm
  7. The Hartford
  8. Safeco Insurance
  9. Progressive
  10. American Family

The chart below shows how choosing a deductible can increase or decrease insurance prices when getting quotes for cheap insurance for real estate agents. The price estimates are based on a single male driver, comp and collision included, and no policy discounts are applied.

The data above shows that a 40-year-old driver could cut expenses by $332 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $504 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could drop their prices as much as $1,094 each year by choosing larger deductibles on their policy.

When raising deductibles, it’s a good idea to have additional savings on hand to pay the extra out-of-pocket expense that is associated with using high deductibles.

How to find cheaper insurance for real estate agents

The list below details a few penny-pinching ideas that can help drivers find more affordable auto insurance.

That final tip is incredibly critical, as we stressed in this piece. Coverage prices change frequently, so don’t be hesitant to switch carriers if you find a cheaper price. Brand loyalty is not necessarily bad, but we do not recommend it if that faithfulness ends up costing you several hundred dollars every year. Spend a few minutes and compare rates to find cheaper insurance for real estate agents in Baltimore.