What Is The Average Car Insurance In Baltimore?
The average car insurance in Baltimore will pay around $2,072 for car insurance. Baltimore is the largest city in Maryland. The average insurance in Maryland is around $1,415, the national average car insurance rate is $1,548.
What Impacts Car Insurance In Baltimore?
Car Theft Rate
According to Neighborhoodscout about 3,900 cars were stolen in Baltimore. Baltimore has a population of 609,000 and 6.69 stolen cars per 100 residents. The national average is 2.29 cars stolen per 100 residents.
The chance of getting your car stolen in Baltimore is 3 times higher than the national average. The high rate of car theft is a major contributor in Baltimore average rates being 34 percent higher than the national average
Fatality Rate
The fatality rates are also a major factor which impacts the car insurance rates of your ZIP or city.
Crime Rate
Overall crime is much higher in Baltimore than the rest of the country. This also leads to the much higher car insurance costs compared to the rest of the state and country.
Car Insurance Rates By Age
Age pays a big factor in how much you pay for car insurance. In Baltimore the age group that pays the lowest car insurance premiums are this in their 50s.
The average annual premium for drivers in their 50s is around $1,820 per year. Drivers in their 60s also pay below the average at $2,007 per year.
It is no surprise that teenage drivers pay the highest annual premiums. On average teenage drivers pay over $7,196 a year on car insurance.
The largest drop in annual premiums occurs once drivers reach 20 years of age. Drivers in their 20s pay around $2,881 which is a savings of almost $4,315 per year.
Car Insurance Rates By Marital Status & Gender
Marital status and gender can play a role in calculating your car insurance premiums. In Baltimore married drivers pay the same as the single drivers.
In many parts of the country married drives pay less than single drivers. Even divorced or and widowed drivers surprisingly pay less than single drivers.
When it comes to the car insurance cost by gender. Female drivers in Baltimore pay on average $46 more on car insurance than male drivers.
Car Insurance Rates By Driving Incidents
One of the most important factors in determining how much you pay for your Baltimore car insurance is your driving history.
You might not have control of where you live but you are in full control of how many tickets you get. Keeping a clean record can save you hundred of dollars on your car insurance.
Baltimore drivers will pay an extra $1,044 per year for car insurance with 1 reckless driving charge. An at fault accident with damages of $2,000 or more will cost you $982 more a year.
Key Takeaways
- Maintain a clean driving record
- Add anti-theft devices if you live in an area with high car theft
- Take advantage of age and marital status to get better car insurance rates
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QuotesPilot content is not written by a licensed insurance agent. It’s intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for your situation.