Auto insurance is a must for drivers in Maryland. Whether you are just getting started or want to save money on your auto insurance, having the right coverage can make the difference between a safe ride home and breaking the bank. When choosing an auto insurance company in Maryland, it’s important to consider a variety of factors, such as the company’s reputation, financial resources, and level of service. With that said, understanding the ins and outs of the auto insurance landscape in your area can be challenging. That’s why we’ve done all the research for you to help you accurately assess the various car insurance companies. Read on to learn more about some of the top auto insurance companies in Maryland:
State Farm® Auto Insurance in Maryland
In addition to being one of the largest auto insurance companies in the country, State Farm is also one of the most recognizable. That’s why it’s no surprise that the brand is represented across all segments of the auto insurance landscape in Maryland. One of the things that makes State Farm stand out is its dedication to customer service. From receiving a claims adjuster onsite to providing a replacement car, State Farm works hard to ensure that every customer has a smooth and worry-free experience. As you’ll see from the below State Farm details, the company offers a wide range of coverage options. However, its primary focus is on protection for car owners. As such, it doesn’t provide home or health insurance. That said, if you decide to purchase additional coverage, State Farm has you covered.
Progressive® Auto Insurance in Maryland
Progressive also offers auto insurance in Maryland, but its coverage is focused on people driving new and pre-owned vehicles. Additionally, the company has a reputation for being quick to pay claims and providing great service. That reputation has caused Progressive to gain a large customer base in the area. Like State Farm, Progressive also offers a variety of coverage options, including many with added benefits. That includes insurance coverage for people with disabilities, child seats, and more. Additionally, the company has a reputation for being quick to pay claims and providing great service. That reputation has caused Progressive to gain a large customer base in the area.
Allstate® Auto Insurance in Maryland
Last but not least, we have Allstate in Maryland. This is the company that many people are familiar with from television and film. That’s because the brand is present in many forms in the Maryland auto insurance landscape. As with other Allstate coverage options, Allstate’s main focus is on protecting you and your car. That includes auto repair, maintenance, and insurance coverage for things like car windshield repairs, breakage, and stolen vehicle insurance. Allstate also has a wide range of coverage options, including many with added benefits. That includes insurance coverage for people with disabilities, child seats, and more. Additionally, the company has a reputation for being quick to pay claims and providing great service. That reputation has caused Allstate to gain a large customer base in the area.
GMAC Financial Protection Services in Maryland
Last but not least, we have GMAC Financial Protection Services (GMCFP). This is a division of a larger insurance company that specializes in helping small and mid-size car dealerships stay afloat. As you’ll see from the below details, GMCFP is focused on five things: protecting the business, being expeditious with claims, reducing overall risk, building a great team, and having a great year.
Nationwide Auto Insurance in Maryland
Just to be clear, Nationwide isn’t a car insurance company per se. Instead, it covers all types of auto insurance, including home and health insurance. Like other top auto insurance companies in Maryland, Nationwide has a reputation for being quick to pay claims and providing great service. That reputation has led to big business for the brand in the area.
TruTrac Truckstop Insurance in Maryland
Last but not least, we have TruTrac. This is the brand name for a line of roadside assistance services. As you’ll see from the below details, TruTrac has a wide range of coverage options, including many with added benefits. That includes roadside assistance coverage for things like broken down vehicles, gas leaks, and more. TruTrac also has a reputation for being quick to pay claims and providing great service. That reputation has led to big business for the brand in the area.
State Farm® Auto Insurance Companies in Maryland: Ranking and Analysis
To make things simple, let’s breakdown the top 10 auto insurance companies in Maryland according to how they rank across the following metrics: Reputation Financial Resources On the reputation front, the above companies have been around for a long time, making it difficult to determine just how well they have aged. However, judging by their financial health — combined assets of $2.6B and a combined debt of $4.4B — it would appear that none of them are in trouble. As for the financial resources of the companies, we have to assume that the higher the bar, the easier it is to hit. So, for example, a top-ranking company like State Farm has access to cheap oil, affordable labor, and cheap air.
The complete list of the top 10 auto insurance companies in Maryland is as follows:
State Farm Progressive Allstate GMC Financial Protection Services Nationwide TruTrac Topping the list is no contest. No. 1 is State Farm. The company has been in business for over 80 years, and its name has been synonymous with quality since day one. It has a long track record of excellence, and it consistently provides top-notch coverage.
What’s more, the company offers a wide range of coverage options, many with added benefits, making it a one-stop shop for auto insurance needs.
In terms of the competition, while no one company has the breadth of coverage that State Farm offers, there are a number of companies that can match its depth of coverage.
Conclusion
The above are just a few of the many factors that a company such as a car insurance company must consider when setting up shop in an area. With that in mind, how does the above list of the top 10 auto insurance companies in Maryland compare to your favorite auto insurance company? Topping the list is no contest. No. 1 is State Farm. The company has been in business for over 80 years, and its name has been synonymous with quality since day one. It has a long track record of excellence, and it consistently provides top-notch coverage.