Are you a resident of Baltimore, Maryland and are looking for a used car? Are you confused about which car will prove to be the most affordable, as far as upfront costs and insurance rates are concerned? Here is a chart that can help you make an informed decision.
|Make and Model||Insurance Average ($)||Median Price ($)||Insurance Percentage (%)||Cost of ownership for one year ($)|
Before we try to figure out which is the best car for you, let us first consider the average cost of auto insurance in Baltimore. The average annual auto insurance rate in Baltimore is $ 2158, which is significantly higher than the national average rate. In the state of Maryland, on the other hand, the average annual rate is $ 1528. Though this is less than Baltimore’s insurance average, Maryland is the 19th most expensive state in the United States to buy auto insurance.
Despite the higher insurance costs of cars such as the Corolla and Civic, these are your more affordable options. Compare them to the Chevrolet Silverado or Ford F-Series, and you save more than $10,000 on upfront costs and insurance costs.
If, however, you are in the market for a full-size pickup, you also have the option of buying the Ford F-Series from Macon, Georgia, and having it shipped to Baltimore. The median price of the Ford F-Series is $ 9976 in Macon. Add the cost of shipping it as well as auto transport insurance, and you still save enough to pay your insurance costs for 4-5 years!