Cheapest Car Insurance In Waldorf, MD For June, 2024

After conducting extensive research on various car insurance companies, we’ve found that USAA offers the most affordable car insurance rates overall in Waldorf.

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Updated: 02 May 2024
Written by
Bob Phillips
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If you’re cruising the streets of Waldorf, then you know that having comprehensive car insurance is a must. Unfortunately, this city’s high accident and theft rates mean that the average monthly car insurance premiums are greater than the state’s average ($382 versus $309). Therefore, if you’re looking for affordable car insurance in Waldorf, you need to be a savvy shopper.

After conducting extensive research on various car insurance companies, we’ve found that USAA offers the most affordable car insurance rates overall in Waldorf. If you’re a young driver or senior, Travelers is a formidable contender for the cheapest premiums. For those seeking minimal coverage, Erie is a good option, while Allstate is a great choice for those looking for comprehensive coverage. Finally, drivers with poor credit can find relief in GEICO’s low rates.

Cheapest And Best Car Insurance Companies In Waldorf, MD 2024

Compare The Cheapest Car Insurance Companies In Waldorf, MD

Overall Rating Best For J.D. Power Rating (Mid-Atlantic) AM Best Rating Average Annual Cost Get A Quote
USAA
4.9

Cheapest Overall

881

A++

$1,275

Instant Quote
Erie
4.6

Cheapest Minimum Coverage

867

A+

$827

Instant Quote
Allstate
4.7

Cheapest Full Coverage

832

A++

$2,071

Instant Quote
GEICO
4.8

Drivers With Bad Credit

834

A++

$1,920

Instant Quote
Travelers
4.7

Cheapest For Young Drivers

860

A++

$2,612

Instant Quote
Travelers
4.7

Seniors

860

A++

$1,764

Instant Quote
Scroll to see comparisons

Our Methodology

We dug deep into the world of car insurance rates in Waldorf and did some thorough research by combing through data from multiple car insurance review sites. These sites got their information from public filings provided by Quadrant Information Services, which helped us gauge the rates of different insurance companies. While we primarily relied on an average of these rates for our review, it's important to keep in mind that each company's rates can fluctuate frequently and may vary depending on your personal circumstances.

69

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

37+

Research Hours

Cheapest Car Insurance Companies In Waldorf, MD


Cheapest Overall

Overall Rating
4.9

Key Statistics

10/10 Affordability
10/10 Customer Reviews
9/10 Claims/payouts
10/10 Coverage Level

Why We Like Them

Just like in other parts of the United States, USAA’s consistent excellence in the insurance category is evident in Waldorf. Despite being exclusively available to current and former military personnel and their families, the company’s top-notch rates and exceptional customer service set it apart from other auto insurers, as confirmed by J.D. Powers. Additionally, USAA receives high ratings for its effective claims management.

USAA is highly regarded in the market for its strong commitment to the military community. Studies consistently show that USAA’s customers are extremely loyal to the brand and have positive experiences with their claims handling, leading to consistently high satisfaction ratings.

Benefits & Drawbacks

Benefits
  • High customer satisfaction ratings
  • Ability to bundle car insurance with other USAA products
  • Availability to a large number of military families in the Waldorf/D.C. metro area
Drawbacks
  • Limited to active military, veterans, and their families

Cheapest Overall Rates In Waldorf

Company Rate Per Year
USAA $1,275
GEICO $1,304
State Farm $1,884
Erie $1,812
Progressive $2,077

Cheapest Minimum Coverage

Overall Rating
4.6

Key Statistics

10/10 Affordability
9/10 Customer Reviews
8/10 Claims/payouts
9/10 Coverage Level

Why We Like Them

Erie has emerged as the clear winner in Waldorf for providing the most affordable rates for minimum coverage. It’s important to note that the state of Maryland sets these minimum coverage requirements, which are as follows:

  • $60,000 per accident for bodily injury liability
  • $15,000 per accident for property damage liability
  • $30,000 per person for bodily injury liability

In Waldorf, every car insurance provider is mandated to provide at least $2,500 in personal injury protection (PIP) coverage to their customers, though drivers have the option to opt-out of this coverage if they wish to do so.

Apart from this mandatory coverage, Erie offers a diverse range of coverage options to its policyholders, such as gap insurance, new car replacement coverage, rideshare insurance, and much more. One of the significant advantages of choosing Erie is that you can lock in your rate until you make any policy changes, such as adding a new driver or vehicle or relocating. This feature can help you avoid potential rate increases in the future.

It’s important to keep in mind that opting for minimum coverage is generally recommended only if your vehicle’s value is lower than the cost of obtaining full coverage. Nevertheless, choosing the minimum coverage option can increase your financial risk substantially compared to higher limits, especially if you are involved in a severe accident that results in significant bodily injury or property damage.

Benefits & Drawbacks

Benefits
  • High ranking in J.D. Power customer satisfaction studies
  • Option to lock in your car insurance rate
  • Many coverage options
Drawbacks
  • Lesser number of discounts compared to other insurers
  • Exclusively available in 12 states, which may pose challenges for Waldorf insured individuals who relocate.

Cheapest Minimum Coverage In Waldorf

Company Rate Per Year
Erie $827
Nationwide $965
Progressive $1,148
MetLife $1,287
Allstate $1,430

Cheapest Full Coverage

Overall Rating
4.7

Key Statistics

10/10 Affordability
8/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage Level

Why We Like Them

Allstate has proven to be a strong competitor in various categories we have assessed, particularly excelling in providing the most affordable full coverage policy. In addition to the standard auto coverage options, Allstate offers a variety of optional coverages that Waldorf drivers can add to their policies, including:

  • Accident forgiveness: This coverage ensures that your rates remain unaffected in the event of an accident, even if you were at fault.
  • Safe driving bonus: You can receive a cashback every six months you go accident-free, which is a great incentive to drive safely.
  • Deductible rewards: This coverage offers you $100 off your collision deductible for each year that you don’t have any driving violations, up to a maximum of $500 off.
  • New car replacement: If your car is declared a total loss within the first two model years, you can receive a check for a new car, which can be a great relief.
  • Rideshare insurance: Allstate’s coverage extends to drivers for rideshare companies like Uber or Lyft, which is an excellent option for those who rely on these services.
  • Gap insurance: This coverage pays out when the amount you owe on your car loan or lease is greater than the vehicle’s value if it is declared a total loss. It’s a great way to ensure that you are not left with any financial burden in the event of an accident.

Full coverage in Waldorf typically consists of comprehensive coverage, collision coverage, and Maryland’s minimum required coverages. While it offers the most extensive financial protection for drivers, it may not be necessary for everyone, especially if the cost of car insurance is more than the value of your vehicle. In such cases, opting for minimum coverage may be a better option.

Benefits & Drawbacks

Benefits
  • Highest financial strength ratings
  • Abundance of coverage options
  • High number of claims offices in the Waldorf area
Drawbacks
  • Below par J.D. Power customer service rating in the Mid-Atlantic region
  • Exclusively accessible through Allstate agents

Cheapest Full Coverage in Waldorf

Company Rate Per Year
Allstate $2,071
Progressive $2,077
State Farm $1,894
Nationwide $1,743
Travelers $1,461

Cheapest For Young Drivers

Overall Rating
4.7

Key Statistics

10/10 Affordability
8/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage Level

Why We Like Them

It’s no secret that young drivers tend to pay the highest rates for car insurance, but Travelers is making it more affordable for many teen drivers in Waldorf. As one of the most well-known names in the auto insurance industry, Travelers is sold by independent agents in the city. While teen drivers may not always be eligible for all of the discounts that insurers offer, Travelers does an excellent job of providing numerous discounts to younger drivers, including:

  • Safe driving
  • Having no gaps in coverage
  • Owning or leasing a hybrid car
  • Drivers in high school or college who maintain a “B” average or better
  • Students who are away at school
  • Insuring vehicles less than three years old
  • Paying electronically, upfront, or on time
  • Completing a driver training course
  • New customers who get quotes before their current policies expire

Travelers’ IntelliDrive app is a unique offering that allows drivers to receive discounts based on their driving behavior. By tracking various driving habits such as speed, time of day, phone use, and braking and acceleration patterns for 90 days, drivers can potentially earn up to a 30% discount on their policy when they exhibit safe driving habits.

Benefits & Drawbacks

Benefits
  • Unbeatable rates for young drivers
  • A plethora of discounts catered to teen drivers
  • Ranking among the nation's largest insurers
Drawbacks
  • Customer service ratings from J.D. Power fall below average
  • Regrettably, the absence of rideshare insurance options

Cheapest For Young Drivers In Waldorf

Company Rate Per Year
Travelers $2,612
AllState $2,447
Progressive $1,873
Nationwide $2,281
State Farm $3,038

Cheapest For Senior Drivers

Overall Rating
4.7

Key Statistics

10/10 Affordability
8/10 Customer Reviews
9/10 Claims/payouts
9/10 Coverage Level

Why We Like Them

As drivers hit their 60s and 70s, they may experience higher insurance rates due to a higher accident rate caused by factors such as poor vision and slower reflexes. However, Travelers offers discounts for seniors and other drivers who meet specific criteria, such as having more than one Travelers policy, completing a safe driving course, and driving fewer miles. Seniors, in particular, typically qualify for lower mileage discounts because many are retired and no longer commute around Waldorf or into Washington, D.C. These discounts can help make car insurance more affordable for seniors while also encouraging safe driving practices.

For senior drivers who are looking to save money on their car insurance, there are several options to consider. One of the most effective ways to reduce costs is by increasing your deductible. Additionally, paying your premiums in full can help you avoid additional fees or charges. Another option to explore is bundling your home and auto policies with Travelers, which could lead to additional discounts and savings.

Benefits & Drawbacks

Benefits
  • Unbeatable rates for senior drivers
  • Opportunity to save through defensive driving classes
  • Established reputation and trust among seniors
Drawbacks
  • Customer service ratings from J.D. Power fall below average
  • Availability of Travelers car insurance agents is limited

Cheapest For Senior Drivers In Waldorf

Company Rate Per Year
Travelers $1,764
Allstate $2,316
Safeco $2,568
Liberty Mutual $2,611
Nationwide $3,046

Cheapest For Drivers With Bad Credit

Overall Rating
4.8

Key Statistics

9/10 Affordability
8/10 Customer Reviews
9/10 Claims/payouts
10/10 Coverage Level

Why We Like Them

Your credit score can significantly impact your car insurance rates. Generally, lower credit scores are associated with a higher likelihood of filing a claim, which translates to higher insurance rates. For drivers in Waldorf with poor credit, GEICO offers the most competitive rates compared to other insurers.

GEICO’s coverage options go beyond the standard offerings from most insurers, and include an optional mechanical breakdown coverage that could be particularly beneficial for drivers of newer cars. This coverage can be renewed for up to seven years or 100,000 miles, giving you peace of mind as your car ages and the risk of breakdowns increases.

While some states prohibit the use of credit scores to determine car insurance premiums, Maryland allows insurers to consider this factor. However, it’s important to note that insurers in Maryland cannot refuse coverage solely based on a poor credit score, nor can they increase your rates during policy renewals due to this factor. If your credit score improves over time, you may be able to get a lower premium by requesting a rate review from your insurer.

Benefits & Drawbacks

Benefits
  • Opportunity to benefit from bundled discounts
  • Discounts extended to drivers with poor credit history
  • Extensive availability of Waldorf agents
Drawbacks
  • Customer service ratings from J.D. Power fall below average

Cheapest For Drivers With Bad Credit

Company Rate Per Year
GEICO $1,920
State Farm $2,473
Travelers $2,619
Allstate $2,658
Erie $3,356

Average Cost Of Car Insurance In Waldorf, Maryland

Average Cost In Waldorf – By Age

Age Group Average Annual  Rate
Teenagers $4,465
20s $1,512
30s $1,393
40s $1,333
50s $1.219
60s $1,169
70s $1,155

Average Cost In Waldorf – By Gender

Gender Average Annual Rate
Male $2,460
Female $2,325

Average Cost In Waldorf – By Marital Status

Marital Status Average Annual Rate
Single $2,481
Married $2,248

Average Cost In Waldorf – By Accident And Violation History

Violation Average Annual Premium
DWI/DUI $5,652
Reckless Driving $5,111
At-Fault Accident (damage <$1,000) $3,799
At-Fault Accident (damage >$2,000) $4,449
Speeding (16-20 MPH > limit) $3,617

Average Cost In Waldorf– By Credit Tier

Credit Tier Average Annual Rate
Excellent $1,412
Good $1,573
Fair $1,755
Poor $2,201

Average Cost In Waldorf – By ZIP Code

ZIP Code Average Annual Rate
21224 $1,123
21229 $1,252
21206 $1,389
21218 $1,410
21215 $1,556

Minimum Car Insurance Requirements In Maryland

When you’re searching for car insurance, it’s important to remember that each state has its own minimum coverage requirements.

  • $60,000 per accident for bodily injury liability
  • $15,000 per accident for property damage liability
  • $30,000 per person for bodily injury liability

This represents the minimum coverage limit required by the state of Maryland. Nevertheless, you may opt to carry higher limits of coverage and include collision and comprehensive insurance in your policy, based on your vehicle and the amount of time you spend driving.

How To Buy Car Insurance In Waldorf

If you’re in the market for car insurance in Waldorf, there are some steps you can take to save both time and money:

  1. Gather your driver and vehicle information: When shopping around for insurance, be sure to have all relevant information on hand, such as the names and dates of birth of all drivers, driver’s license numbers, vehicle identification numbers (VINs), current mileage, current insurance information, and the name of the registered owner. This will help ensure that you receive an accurate quote.
  2. Decide how you want to buy: You can choose to buy your car insurance online or through an agent, depending on your personal preference and level of comfort with selecting the type and amount of coverage you need.
  3. Get quotes from at least three companies: It’s important to compare quotes from multiple insurers to ensure you’re getting the best possible coverage at the most affordable price. Be sure to compare coverage amounts and deductibles as well to ensure an apples-to-apples comparison.
  4. Look for discounts: Many insurers offer a variety of discounts that can help lower the cost of your car insurance policy. Be sure to ask about any discounts for which you may be eligible, such as safe driver discounts, multi-policy discounts, or discounts for certain affiliations.
  5. Cancel your old policy: Once you’ve selected a new insurer, be sure to contact your old insurer and cancel your policy to avoid paying for duplicate coverage. Keep in mind that your new insurer cannot cancel your old policy on your behalf.

Factors That Impact The Cost Of Your Car Insurance Policy In Waldorf

When it comes to car insurance in Waldorf, several factors play a significant role in determining your premiums. Here are three primary factors to keep in mind:

Commuters and accidents: Many Waldorf residents commute daily to Washington, D.C. via I-95. However, this route is known for being congested, which increases the likelihood of accidents.

Crime statistics: Certain areas of Waldorf have high crime rates, including theft and vandalism. Living or working in one of these areas can cause your rates to go up above the city’s average.

Uninsured motorists: Almost one-third of Waldorf drivers are uninsured, making it essential to carry comprehensive and collision insurance for protection. However, this coverage comes at a higher cost due to the higher limits and protection.

Besides these factors, other variables such as the type of vehicle you drive and your driving record can also influence your rates.

Maryland Car Insurance Laws To Know

In Maryland, it’s mandatory for drivers and vehicle owners to have proof of insurance in their cars. Failure to provide proof of insurance during a traffic stop or accident may result in a traffic citation. If the Maryland Motor Vehicle Administration (MVA) requests proof of insurance, you must provide a Maryland Insurance Certification (FR-19) which is available for free from your insurance company.

It’s important to note that knowingly driving a car that isn’t insured can lead to severe consequences, including imprisonment. First-time offenders can face a fine of up to $1,000 and imprisonment of up to one year, while second or subsequent offenders may be fined up to $1,000 and imprisoned for up to two years. Keep in mind that your driving record and type of vehicle may also impact your insurance rates.

In The news

Information About Waldorf

Waldorf, a community located in Charles County, is a peaceful town with a growing economy and a rich history. Waldorf offers a small-town feel that residents love. From popular tourist attractions like the Regency Furniture Stadium, home to the Southern Maryland Blue Crabs, to hidden gems like the Piscataway Indian Museum, there is always something new to discover in Waldorf. Whether you’re interested in history, nature, or sports, Waldorf has something for everyone to enjoy.

Car Insurance Discounts In Waldorf

Looking to save money on car insurance in Waldorf? It’s important to shop for discounts. Here are some of the most common discounts you can find:

  • Being a “safe driver” with a good driving history
  • Installing vehicle safety features
  • Being claims-free for a specified period of years
  • Driving fewer than average miles
  • Having a short commute to work
  • Customer loyalty
  • Being in the military
  • Being age 55+ and retired
  • Being a student with at least a “B” average

FAQs

What is the cheapest car insurance in Waldorf?

According to recent research, drivers in Waldorf can find affordable car insurance rates with Erie, which offers minimum liability coverage for just $926 per year.

How much does car insurance cost in Waldorf per month?

The typical monthly cost of car insurance in Waldorf comes out to around $382.

Why is Waldorf car insurance so expensive?

One of the reasons why car insurance rates in Waldorf are so high is due to the city’s high accident rate, which makes it riskier for insurance companies to provide coverage. Additionally, Waldorf has a large percentage of uninsured motorists, which leads to higher costs for insured drivers who end up covering the expenses of uninsured drivers in the event of an accident.

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