Car insurance for high-risk drivers is often more expensive than a policy for those with a low-risk background or profile. The only way to reduce insurance costs is to research and compare offers from multiple providers.
MoneyGeek found that Erie offers the best mix of affordability and customer service for high-risk drivers. It also has the cheapest plan averaging $1,738 per year. However, your actual rate may vary depending on a number of personal factors.
better and cheapercar insuranceHigh risk
2023
Best Companies for High Risk Drivers in 2023
Cheaper for risk drivers
-Erie
Best for high risk drivers
-Erie
Cheaper after a DUI
-Erie
Cheaper for young drivers
- Allstate
Cheaper for bad credit
- Allstate
High-risk drivers are those who are more likely to make an insurance claim than the average driver. Generally, a high-risk driver is someone with multiple traffic violations, at-fault accidents, or a DUI conviction. You may also be considered high-risk if you are a learner driver or have poor credit.
Auto insurers often charge high-risk drivers a higher premium to offset the risk of insuring them. For example, in Maryland, high-risk drivers pay about 24% more for auto insurance than those with clean or low-risk driving records.
WHAT EXACTLY IS A HIGH RISK DRIVER?
A serious violation of your driving record can make insurance extremely risky. These include driving with a suspended or suspended license, reckless driving, driving under the influence of alcohol or drag racing.
But a clean driving record doesn't exempt you from being considered high risk by insurers. Various personal factors, such as your age and credit rating, can determine your likelihood of making an auto insurance claim.
In the list below, MoneyGeek covers the different types of high-risk drivers.
- Drivers with a history of traffic violations or accidents
- Driver convicted of drunk driving
- Drivers caught behind the wheel with a suspended or suspended license
- Young drivers with a lack of driving experience.
- Drivers who drive sports cars or participate in drag races
- Drivers with bad credit or lack of insurance coverage
Maryland's cheapest car insurance for high-risk drivers
According to research by MoneyGeek, Erie offers the cheapest bad driver auto insurance in Maryland. Their state high-risk driver policy costs an average of $1,738 per year.
Learn more about the pros, cons and fees of this company by reading MoneyGeek'sErie Auto Insurance Review.
Pursue | annual award |
|---|---|
Erie | 1.738 $ |
Allstate | 1.997 $ |
Bezirksbauernhof | 2.332 $ |
Travelers | 2.555 $ |
GEICO | 2.913 $ |
Progressive | 2.920 $ |
National | 2.986 $ |
Guarantee | 5.037 $ |
SR-22 INSURANCE
Many states requireSR-22 Insuranceif you are caught driving without insurance or if you commit a serious traffic violation such as B. DUI. An SR-22 is a form your insurance provider fills out on your behalf to demonstrate that you meet your state's minimum requirements for auto insurance.
However, SR-22 insurance is not required in Maryland.
Best car insurance in Maryland for risk drivers
With a MoneyGeek rating of 97 out of 100, Erie is the top high-risk auto insurer in Maryland. Allstate offers the second best high-risk auto insurance in the state, earning a MoneyGeek score of 85 out of 100.
OurErie Auto Insurance ReviewmiAllstate Auto Insurance Reviewprovide further details on the company's affordability, customer satisfaction and financial stability.
1
ErieBest for high risk drivers
Score:97
5/5
accessibility rating
4,5/5
satisfaction rating
4,7/5
claim assessment
4,5/5
Financial Stability Assessment
Quick Take Geek
Erie offers high-risk auto insurance in Maryland for about $1,738 per year, which is 11% more expensive than a low-risk or clean driver policy.
More about Erie
Erieis a world-class insurer that offers affordable rates. It offers an exclusive discount for young single parents living with their parents, a discount package and for driving a car with ABS brakes.
In addition, the company allows its policyholders to purchase optional coverages such as: B. trading a better car, trading a new car and forgiving accidents. However, it's worth noting that Erie doesn't offer gap insurance or roadside assistance.
2
Allstate
Score:85
4,6/5
accessibility rating
4,5/5
satisfaction rating
3,5/5
claim assessment
4,5/5
Financial Stability Assessment
Quick Take Geek
On average, Allstate high-risk driver's auto insurance in Maryland costs $1,997 per year, 16% more than the low-risk driver's rate.
More about Allstate
AllstateIt's not cheap or expensive for most drivers, but it does offer relatively cheap rates for teenage drivers. It has unique additional coverage such as wearable electronics and media coverage, custom parts coverage, and sound systems coverage. However, the company lacks better auto replacement coverage.
Policyholders in all states can receive exclusive discounts if they have anti-lock brakes, set up automatic payments or drive a new vehicle.
MONEYGEEK-EXPERTENTIPP
Quality is usually available at a higher but affordable price.Car Insurance for Low Income Drivers in Marylandis available. Since there is no auto insurance assistance in the state for low-income individuals and families, the next best options are state minimum insurance or pay-per-mile insurance if you don't earn many miles.
Cheapest auto insurance in Maryland for DUI drivers
Erie costs about $1,611 per year and is MoneyGeek's pick for the cheapest auto insurance provider in Maryland for people with DUI convictions. Ourauto insurance seriesThe review provides a detailed overview of the company's coverages, average costs, discounts, and online tools.
Current and former military personnel with a DUI may also consider itUnited States toas an affordable high risk auto insurance option in Maryland.
Pursue | annual award |
|---|---|
Erie | 1.611 $ |
Allstate | 1.724 $ |
Bezirksbauernhof | 2.229 $ |
Progressive | 2.671 $ |
Travelers | 2.794 $ |
National | 3.718 $ |
GEICO | 3.760 $ |
Guarantee | 4.464 $ |
DISPLAY TIMES
A look-back period determines how long a DUI conviction stays on your driving record. Although review periods vary from state to state, they are generally long enough to accommodate the criminal conviction of a repeat offender.Maryland has a lookback period of five years. If your previous DUI conviction was more than five years ago, your current one will be considered your first.
Cheapest Maryland Auto Insurance for Teen Drivers
According to MoneyGeek analysis, Allstate offers the lowest auto insurance rates for teen drivers in Maryland, averaging $6,836 per year. However, your fee depends on your age and other factors. To learn more about this company, browse ourAllstate Auto Insurance Review.
Pursue | annual award |
|---|---|
Allstate | 6.836 $ |
National | $9.175 |
Bezirksbauernhof | $9.236 |
GEICO | 15.967 $ |
Progressive | 16.575 $ |
MONEYGEEK-EXPERTENTIPP
Young drivers tend to have very expensive car premiums. Still, MoneyGeek recommends getting comprehensive car insurance beyond the minimum coverage, as it can provide additional protection in the event of an accident. Shop and compare prices to find the right onebest cheap car insurance for students on a budget.
Maryland's cheapest auto insurance for drivers with bad credit
MoneyGeek's analysis found Allstate to be the cheapest auto insurer in Maryland for people with bad credit. His policy costs about $2,047 a year, about 22% more than the rate for drivers with good credit.
Find out more about this insurer by consulting ourAllstate Auto Insurance Review.
Pursue | annual award | percentage change |
|---|---|---|
Allstate | 2.047 | 22% |
MONEYGEEK-EXPERTENTIPP
Your credit score can affect your auto insurance rate. Although it can be difficult, it is still possible to get affordable prices.Car insurance with bad credit. Research and compare offers from different providers to find the best option for your specific needs.
How Much Does High Risk Driver Car Insurance Cost in Maryland?
Your profile and driving habits play a crucial role in determining the cost of car insurance. If insurers classify you as high-risk, you may receive a higher premium than low-risk drivers.
In Maryland, high-risk drivers pay an average of $2,810 per year for auto insurance, while low-risk drivers spend about $2,125 per year. That's a difference of about $685.
MD Annual cost of auto insurance for low-risk versus high-risk drivers
annual award
Low risk drivers
$2.125
annual award
High risk drivers
2.810 $
In Maryland, high-risk drivers pay:$685 more
That's 32% more expensive.
Get a rough estimate of your auto insurance rate with MoneyGeek'sAuto Insurance Calculator Maryland. Our tool takes into account factors such as your age, driving habits, credit rating and vehicle type to give you a rough estimate of how much you will pay for a policy.
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Can you still get auto insurance in Maryland if insurers refuse to cover it?
High-risk drivers are most likely to make an insurance claim based on their profile and driving history. Because auto insurance is a voluntary market, insurers may deny you coverage if they believe you pose a high risk. Your next best option is to purchase a residual market plan through the Automobile Insurance Plan Services Office (AIPSO). with yourState Database, this administrative organization helps overly risky drivers to find cover at their place of residence.
Maryland Automobile Insurance Fund (MAIF)
If you can't find coverage based on your driver's license, you can searchMaryland Automobile Insurance Fund (MAIF). Help reduce the number of uninsured drivers in Maryland by offering auto insurance to high-risk drivers.
MAIF does not consider credit history, education, or employment information, allowing drivers who do not qualify with standard auto insurers to receive coverage that suits their needs.
business hours
From Monday to Friday, from 8:15 a.m. to 4:30 p.m
Telephone
(800) 492-7120
Fax
Car in person: 667-210-5112
Commercial Vehicle: 667-210-5113
Toll-free number: 800.283.7305
correspondence address
Maryland Automobile Insurance Fund (MAIF), 1215 E. Fort Ave., Suite 300, Baltimore, MD 21230-5281
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frequently asked questions
It can be difficult to get auto insurance if you are a high-risk driver. MoneyGeek has answered some common questions about Maryland high risk auto insurance to help you buy a policy that's right for you.
methodology
MoneyGeek calculated average rates using collision damage waiver auto insurance policies with 100/300/100 third party liability and collision and collision damage waiver with a $1,000 deductible. Minimum coverage auto insurance policy rates have been calculated based on each state's minimum auto insurance requirements.
To calculate rates for high-risk drivers, MoneyGeek averaged the premiums that insurers charge for three of the most common traffic violations: speeding, at-fault accident, and DUI.
To determine the best auto insurer for high-risk drivers, MoneyGeek ranked companies based on affordability, customer satisfaction, and complaints, based on data from J.D. NAIC and Energy Complaint Scores, and financial strength ratings calculated by AM Best. Accessibility was given the highest weight in our calculations.
About Mark Fitzpatrick
Mark Fitzpatrick is MoneyGeek's Senior Director of Content with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for each buyer. He has been cited in numerous publications on insurance matters, includingCNBC,nbc newsmiMaschbar.
Mark earned a master's degree in economics and international relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his knowledge of business and insurance to provide financial transparency and help others feel confident in their financial dealings.
fuentes
- Responsabilidade.org. "Landesgesetz: DUI Lookback Periods." Accessed 16 September 2022.
- Application ,map." Accessed 16 September 2022.
- Application ,Association of the Automotive Insurance Industry of Maryland." Accessed 16 September 2022.
- Maryland-Auto. "frequently asked questions." Accessed 16 September 2022.
- Maryland Automobile Insurance Fund (MAIF). "who we serve." Accessed 9 October 2022.