Figuring out which companies quote the cheapest auto insurance rates for 16 year olds will involve a little more sweat than just picking a company at random.
Every insurance company has their own unique process to set policy rates, so let’s take a look at the most affordable auto insurance companies in Baltimore. It’s a good idea to be aware that Baltimore auto insurance rates are determined by lots of factors that may substantially change the policy premium. Simply getting older, getting married, or getting a driving violation can trigger price changes that can now make some companies more affordable than competitors.
Compare Cheap Insurance Quotes for Teens
|Rank||Company||Cost Per Year|
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USAA quotes some of the lowest car insurance rates in Baltimore at around $930 annually. This is $629 less than the average price paid by Maryland drivers of $1,559. Liberty Mutual, Penn National, Erie, and State Auto also rank well as some of the cheapest Baltimore, MD car insurance companies.
In this example, if you are currently insured with Penn National and switched to USAA, you could see an annual premium reduction of about $196. Customers with Erie may save as much as $219 a year, and State Auto insureds might realize rate reductions of up to $296 a year.
To get a quick, customized rate comparison, click here to start a quote or visit any of the low-priced companies below.
Remember that these premiums are averages for all types of drivers and the different vehicles they drive and and are not figured with an exact vehicle garaging location for 16 year olds. So the company that has the lowest price for you may not even be in the top 16 companies shown above. That emphasizes why you need to compare as many prices as possible using your own specific driver and vehicle information.
The car, truck, or SUV requiring insurance is probably the most important factor when quoting affordable insurance for 16 year olds. Vehicles with more horsepower, a lack of safety features, or a track record of large liability claims will cost quite a bit more to insure than safer models. The list below outlines car insurance prices for a number of the most economical automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$11,250|
|Honda CR-V EX-L 4WD||$11,357|
|Honda Accord EX-L 4-Dr Sedan||$12,043|
|Ford Escape Limited 4WD||$12,051|
|Honda Odyssey LX||$12,546|
|Dodge Grand Caravan SE||$12,654|
|Ford Focus SE 4-Dr Sedan||$13,232|
|Ford Edge SE AWD||$13,240|
|Chevrolet Silverado LS Extended Cab 4WD||$13,340|
|Toyota RAV4 Sport 2WD||$13,346|
|Chevrolet Equinox LT AWD||$13,340|
|Jeep Grand Cherokee Laredo 4WD||$13,349|
|Ford F-150 Lariat Crew Cab 4WD||$13,448|
|Ford Explorer Limited AWD||$13,456|
|Toyota Tacoma Double Cab 4WD||$13,448|
|Honda Civic LX 4-Dr Sedan||$13,922|
|Toyota Camry SE||$14,030|
|Chevrolet Impala LTZ||$14,037|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$14,123|
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Data rating is based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maryland minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in Baltimore, MD location which can raise or lower premium rates greatly.
Based upon these rates, makes and models like the Hyundai Elantra, Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are likely to be some of the most budget-friendly vehicles to insure for new drivers. Rates will tend to be more expensive anyway just due to the fact that there is more claim risk for 16 year olds, but overall those particular models will probably have the cheapest rates that you are likely to find.
For new drivers, one of the largest considerations that aid in calculating auto insurance rates is where you normally keep your vehicle in Baltimore. Areas with more people or higher crime rates tend to pay more, whereas more rural areas have the benefit of cheaper auto insurance prices.
The following table lists the most costly cities in Maryland for 16 year olds to buy auto insurance in. Baltimore makes the list at #1 with a yearly cost of $1,796 for car insurance, which is about $150 per month.
|Rank||City||Premium Per Year|
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Information shown are estimated as zip code location can revise coverage prices considerably.
Ratings for Maryland auto insurance companies
Finding the best insurer can be difficult considering how many choices drivers have in Baltimore. The rank data shown next may help you analyze which auto insurance companies you want to consider when comparing rates. The rankings below only include companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Maryland are not factored into these rankings.
Top 10 Major Auto Insurers in Baltimore Ranked by A.M. Best Rating
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- Nationwide – A+
- The Hartford – A+
- Allstate – A+
Impact of citations and accidents on Baltimore insurance rates
The easiest way to earn good auto insurance rates in Baltimore for new drivers is to be a safe driver and not have accidents or get tickets. The chart below illustrates how speeding tickets and accidents influence yearly insurance costs for each age group. Data assumes a married male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
In the previous chart, the average cost of an auto insurance policy in Maryland per year with no violations or accidents is $1,923. Factor in one speeding ticket and the average cost increases to $2,218, an increase of $295 each year. Then add one accident along with the one speeding ticket and the 12-month cost of auto insurance for 16 year olds goes up to an average of $3,036. That’s an increase of $1,113, or $93 per month, just for not being attentive to the road!
How to find economical auto insurance for 16 year olds
The list below details some of the recommended money-saving ideas that can help you buy lower-cost coverage.
- You will pay more if you get tickets or have at-fault accidents
- Remain accident-free and save
- Better credit rating means better rates
- Get cheaper liability coverage by choosing a safer vehicle
- Frequent claims may make car insurance unaffordable
- Compare prices frequently to find the best deal
The last idea is extraordinarily crucial, as was discussed in the prior article. Prices charged by car insurance companies in Baltimore can change considerably based on profitability, so don’t be tentative to switch carriers if a more affordable price is available.
Loyalty to a specific company is fine, but is isn’t recommended if it’s costing you several hundred dollars every year. Take a couple minutes and shop around to find cheaper insurance for 16 year olds.
If you like to get help from a professional when comparing insurance rates for 16 year olds, the agents listed below are a good start to help you determine which auto insurance policy fits you best.
To find a Baltimore insurance agency close to where you live, click the link after the list or click here to get price quotes now.
- Vince Vanneman – State Farm Insurance Agent
1055 Taylor Ave Ste 112 – Baltimore, MD 21286 – (410) 321-0101
- Allstate Insurance: Bennett-Carll Insurance Agency
7435 Baltimore Annapolis Blvd – Glen Burnie, MD 21061 – (410) 760-6651
- Scott Garvey – State Farm Insurance Agent
211 Key Hwy – Baltimore, MD 21230 – (667) 309-3792
- Mimi Brown – State Farm Insurance Agent
911 S Lakewood Ave – Baltimore, MD 21224 – (410) 878-0232
- Mason and Carter Inc
23 South St – Baltimore, MD 21202 – (410) 539-6767