Maryland drivers insured with Allstate may soon face a significant bump in their insurance premiums. According to recent filings, the national insurance provider is poised to implement a sizable 14.7% rate hike for over 160,000 drivers, effective May 17, 2024.
For the average policyholder, this could translate to an annual increase of $469, tightening budgets for many motorists across the state. At the same time, the insurance giant, ranked third in the state by market share as of 2019, will see an estimated $88.5 million rise in written premiums as a result of the change.
Customers looking to switch may want to consider the region’s other top providers, including GEICO, State Farm, and USAA. To start comparing quotes for free, check out Auto Quote Tracker.
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According to 2019 data, Nationwide is the #10 insurance carrier in Colorado by market share. Customers looking to switch may want to consider top providers in the state, including State Farm, Progressive, or USAA. Check out our quoting tool to compare rates!
How Maryland Drivers Can Lower Their Rates
Looking to lower your auto insurance rates for the upcoming year? Check out these strategies to get a cheaper policy.
Find the Best Deal: Compare Different Quotes
To save money on your car insurance, start by checking out plans from different companies. Prices can change every year, so it’s smart to compare options. You can even use online tools to help you find the right plan quickly!
Drive Safely
Many insurance companies give discounts to customers who have a clean driving record. That means no accidents or tickets for a certain number of years. Depending on your carrier, these discounts can offer significant savings, ranging from 10% to 40%.
Look for Special Deals and Combine Policies
Have you ever checked if you qualify for any discounts on your auto insurance? There are many programs you might not know about. For example, if you’ve just bought a new car, you could get a discount. Or if you’ve taken a defensive driving course, you might qualify for a discount. Some insurance companies even offer discounts to students with good grades.
Also, if you have more than one type of insurance, like home and auto insurance, you could save money by bundling them together. Check if you can put all your cars under one policy too. Bundling often leads to lower rates.
