How Much are Baltimore Car Insurance Rates for Low Income Drivers?

You have most likely watched the ads from insurers like GEICO and Liberty Mutual that claim dirt cheap rates. So you should just choose the one with the best commercial, right?

Unfortunately, it’s just not that easy, as there are many unknowns such as the vehicle you are insuring, what coverage limits you need, and if you have a spouse, that all have an effect on the price of a policy. We will attempt to cover some of these things and will hopefully give you some help in finding cheaper rates.

For poor drivers, one of the big things that are looked at to determine auto insurance rates is your zip code in Baltimore. Regions with larger populations or more claims likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims have the enjoyment of a little cheaper coverage.

The next table ranks the most expensive areas in Maryland for low income drivers to purchase auto insurance in. Baltimore is ranked #1 with a yearly cost of $1,760 for the average policy, which is around $147 each month.

How much is auto insurance in Baltimore, MD?
Rank City Premium Per Year
1 Baltimore $1,760
2 Woodlawn $1,674
3 Dundalk $1,550
4 Towson $1,482
5 Catonsville $1,475
6 Aspen Hill $1,463
7 Bowie $1,432
8 Silver Spring $1,432
9 Essex $1,431
10 Waldorf $1,389
11 Glen Burnie $1,383
12 Wheaton $1,321
13 Gaithersburg $1,317
14 Severn $1,314
15 Columbia $1,275
16 Potomac $1,274
17 North Bethesda $1,256
18 Rockville $1,251
19 Germantown $1,237
20 Ellicott City $1,233
21 Annapolis $1,231
22 Bel Air South $1,210
23 Bethesda $1,202
24 Hagerstown $1,020
25 Frederick $1,004
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Annual rates are approximated as zip code location can revise coverage rates noticeably.

The make and model of vehicle that needs insurance is a large consideration in finding low-cost auto insurance for low income drivers. Vehicles with economical engines, modern passenger safety features, or low incidents of liability claims will cost less to insure than fast, unsafe models. The table below illustrates car insurance costs for a handful of the most budget-friendly automobiles to buy insurance for.

Cheapest Vehicles to Insure in Baltimore, MD
Vehicle Estimated Cost for Full Coverage
Honda Accord EX-L 4-Dr Sedan $2,755
Honda CR-V LX 4WD $2,776
Honda Odyssey EX $2,949
Chevrolet Equinox LT 2WD $3,006
Dodge Grand Caravan Hero $3,012
Ford Escape Limited 4WD $3,024
Toyota Prius $3,089
Jeep Wrangler Sport Islander Package 4WD 2-Dr $3,154
Ford Edge SE 2WD $3,161
Toyota Corolla LE $3,168
Chevrolet Impala LTZ $3,174
Chevrolet Silverado 2500HD LT Crew Cab 4WD $3,225
Volkswagen Jetta 2.0T 4-Dr Sedan $3,234
Nissan Altima 3.5 SR 4-Dr Sedan $3,225
Chevrolet Malibu LTZ $3,235
Ford F-150 STX Regular Cab 4WD $3,229
Ford Fusion S 4-Dr Sedan $3,290
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Rate quotes do not factor in garaging location in Baltimore, MD which can affect rates substantially.

Looking at the rates, we can conclude that models like the Honda Accord, Honda CR-V, Honda Odyssey, and Chevrolet Equinox should be a few of the most affordable vehicles to insure for poor drivers.

Should you buy full coverage?

Paying less for auto insurance is probably important to most vehicle owners, and an effective way to buy cheap insurance for low income drivers is to not buy full coverage. The illustration below shows the difference between insurance costs with full physical damage coverage compared to only buying liability only. The premiums are based on no accidents or driving violations, $100 deductibles, marital status is single, and no discounts are taken into consideration.

If averaged out across all ages, full coverage costs $3,113 per year over and above liability coverage. At some point, about every driver wonders if physical damage coverage is worth the money. There is no clear-cut rule to eliminate physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s book value is $11,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, you would only receive $10,000 after paying the physical damage deductible. If you are paying over $1,000 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.

Discounts on Baltimore car insurance

Save on auto insurance for poor drivers in BaltimoreInsurance providers that offer quotes for low income drivers may additionally offer premium discounts that could reduce prices by 40% or more if you meet specific eligibility requirements. Larger auto insurance companies and some of their more popular discounts can be found below.

The information below compares yearly insurance costs with and without policy discounts. The data is based on a male driver, no violations or accidents, Maryland state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows the price with no discounts. The second shows the rates with passive restraint, multiple policy, multiple vehicle, defensive driving course, marriage, and homeowner discounts applied. When drivers qualify for the discounts, theaverage yearly reduction on auto insurance for low income drivers is 28% or $638.

Buying coverage from a high-quality company is hard considering how many companies there are in Maryland. The company rank data shown next could help you select which coverage providers you want to consider purchasing coverage from.

The ratings below are only made up of the largest companies in the United States, so smaller companies are not factored into the list. To compare price quotes from many more Maryland auto insurance companies, simply click here.

Best Ten Auto Insurance Companies for Low Income Drivers in Baltimore
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
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Data Source: Best Car Insurance Companies

If you like to have some professional guidance when comparing insurance rates for low income drivers, the agencies below are willing to help you make a decision which coverages are best.

To locate a Baltimore auto insurance agent close to where you live, click the button at the bottom of the list.

David Rosario – State Farm Insurance Agent
3121 Eastern AveBaltimore, MD 21224(410) 850-4949

Bob Duda – State Farm Insurance Agent
7939 Honeygo Blvd #105Baltimore, MD 21236(410) 529-2523

State Farm: Scott Garvey
3818 Roland AveBaltimore, MD 21211(410) 889-5840

Allstate Insurance: Kent Schwab
401 Jefferson AveTowson, MD 21286(410) 433-4700

More insurance agents in Baltimore, MD