Maryland Car Insurance with Bad Credit

The Zebra
March 12, 2019

It can be tough to find affordable auto insurance if you have bad credit. Auto insurance companies use credit score as a major rating factor, setting policy prices based partially on clients' credit scores. Because auto insurance companies rely on data showing clients with poor credit are more likely to file car insurance claims, the companies compensate for that added risk by charging more expensive rates.

Car insurance rates with bad credit depends on which company you choose, where you live, and a few other rating factors. See below average insurance prices for drivers with bad credit in primary Maryland cities, alongside rates from popular auto insurance companies, plus a few tips on how to save on auto insurance with bad credit in Maryland.


Car insurance for drivers with poor credit in Maryland:

  1. Average rates
  2. Rates by city
  3. Costs by company

Auto insurance rates with bad credit in Maryland

Maryland drivers pay an average penalty of $1,262 each year for having a "worst"-tier credit score. A driver in the "poor" or "below fair to poor" credit tiers will also face a penalty.


MARYLAND CAR INSURANCE PRICES WITH BAD CREDIT

Credit TierAverage Annual Rate in Maryland
Worst$2,502
Poor$2,338
Below Fair to Poor$2,195
Average — All Credit Tiers$1,240

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Car insurance rates with bad credit in Maryland cities

Your car insurance costs also depend on the precise area in which you live. Car insurance companies use your ZIP code to estimate how likely you are to file a claim: the denser and claim-prone your immediate area is, the more you'll pay for insurance.

Listed below are major Maryland cities and their average car insurance rates for drivers with bad credit.


BAD CREDIT CAR INSURANCE RATES IN MARYLAND CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
Baltimore$3,672$3,427$3,221
Columbia$2,537$2,373$2,229
Germantown000
Silver Spring$2,761$2,579$2,420
Waldorf$2,773$2,593$2,437

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Best auto insurance companies for bad credit in Maryland

Another factor contributing to how much you pay for auto insurance is the company you choose. Every auto insurance company prices its policies in a different manner, giving rating factors varying weights in their pricing calculations. Credit can be a major differentiator in price from one insurance company to the next. In Maryland, the cheapest insurance company with bad credit is GEICO, which offers a premium cut of $217 yearly in comparison to the second-cheapest company, Erie.

See below rates from leading car insurance companies in Maryland for drivers with bad credit.


MARYLAND CAR INSURANCE PREMIUMS WITH BAD CREDIT — TOP CARRIERS

CompanyAverage Annual Rate — Worst Credit
GEICO$1,709
Erie$1,926
USAA$2,679
Nationwide$2,743
Progressive$2,906

If you're dealing with the difficulty of buying auto insurance with bad credit, consider these tips:

  1. See auto insurance quotes
  2. Be smart with your claims
  3. Know what determines auto insurance rates

Compare rates from top car insurance companies.