About Us Famous & Spang Associates a full-service, generalist insurance agency representing many top rated insurance carriers, was founded in Aberdeen, Maryland circa 1909.

You Finally Can Afford The Car. Now, What About insurance?

You Finally Can Afford The Car. Now, What About insurance?

Car Insurance words written on label with calculator,Business Concept

If you think the cost of a car has gotten expensive, wait until you go to insure it.

Auto insurance rates are up nearly 15% in some states over the past year, while nationwide premiums have risen more than $240 on average to $2,014 a year, according to comparison site Bankrate. And the increases aren’t over. U.S. rates are expected to rise by an additional 8.4% in 2023, which would outpace current inflation at 4.9%, and represent the largest increase in six years, according to consumer research and finance site ValuePenguin.

The rising insurance costs come as consumers are struggling financially after nearly three years of high inflation and surging car prices. Eleven percent of drivers now pay more for car insurance than car payments, and 7% spend more on insurance than household utilities, a report from insurance platform Autoinsurance.com shows.

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Contact Famous & Spang Insurance

As an independent agency, we are here to help you find the right coverage.

Famous & Spang Insurance

Aberdeen, MD

200 W. Bel Air Ave.
Aberdeen, MD 21001

Phone: 410-272-2300
Text: 410-449-7540
Fax: 410-575-6927

We write insurance solutions throughout the Mid-Atlantic Region and beyond.