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How much is car insurance in Gaithersburg?
|Area||Average Monthly Car Insurance Premium|
According to the chart above, the average cost of auto insurance in Maryland is about $32 a month more expensive than it is in Gaithersburg.
The average cost of insuring your vehicle in Gaithersburg is above the national rate. The average monthly payment in Gaithersburg is about $12 more expensive than the rate for the rest of the U.S.
Bear in mind that while these rates represent the expected monthly payments for Gaithersburg drivers, it doesn't mean that's what you'll pay. There are a number of factors that determine how much insurance companies might charge you to insure your vehicle. Your bill each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.
We've done the heavy lifting for you and broken down the average rate for Gaithersburg so that you can get a more accurate idea of what you might pay. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!
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Gaithersburg Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
It makes sense that older drivers would have more experience behind the wheel, right? That experience can turn into some real savings when it comes to auto insurance rates. As you can see, 18-24-year-olds pay twice as much as someone who is retirement aged.
For every 10 years, you can expect to see a drop in your monthly premium. Once you hit retirement, however, you may see your rates begin to go back up in Gaithersburg.
Gaithersburg Car Insurance Rates by Gender
In general, female drivers pay less for car insurance than their male counterparts. In Gaithersburg, however, the difference in the monthly cost of coverage is minimal.
Gaithersburg Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the biggest factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. In Gaithersburg, drivers with one accident on their record will experience rates around $117 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $109.
When it comes to your monthly premium, accidents, tickets, and other driving infractions can really take a toll. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.
Gaithersburg Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$152|
|15 Years or Older||$82|
As you can see in the first table above, the cheapest vehicles to insure in Gaithersburg are usually trucks and vans, which run about $76 per month.
Car owners, on the other hand, by and large pay around $94 a month, while SUV drivers can expect to pay about $90 per month for auto insurance coverage.
Your rates can also vary depending on how old your vehicle is. Newer vehicles are generally going to be the most expensive to insure. Once your car is close to 5 years old, however, your monthly bill may start to dip back down. The most expensive vehicles to insure in Gaithersburg are vehicles less than one year old.
Gaithersburg Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$100|
More often than not, car insurance is slightly cheaper for married policyholders. This can usually be attributed to their policies having multiple vehicles, a factor some companies will reward with discounts.
At a national level, single drivers usually pay more than married couples do for auto insurance. Gaithersburg follows that pattern, with the difference totaling to around $24 a month.
Gaithersburg Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$95|
Your living situation is another component of how insurance companies calculate your monthly rate. Those who own their own home in Gaithersburg can expect to pay around $17 a month less than those who rent. But those who live at home with their parents can expect to pay significantly more.
That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance costs.
Car Insurance Companies in Gaithersburg, MD
Recent trends in car insurance for Gaithersburg drivers
Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.
In Gaithersburg, the rates for auto insurance increased from 2019-2020, but began to decrease in 2021. This trend has continued through 2022 when rates have most recently reached $91.
How does Gaithersburg compare to neighboring areas?
Why are car insurance rates in Gaithersburg different from other areas?
Car insurance companies look at numerous factors when they're figuring out how much to charge for a policy. While we mentioned the factors that affect your personal policy, others are based around where you live and drive. These include things like:
- Road safety
- Amount of drivers in the community
- Community laws
- Off-street parking accessibility
It's good to be aware of these factors (even though you may not be able to do much to influence them) as you shop for a new policy or consider relocating. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Gaithersburg?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Fortunately, Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from loads of the car insurance companies that offer policies in Gaithersburg.
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Gaithersburg Auto Insurance FAQs
What factors affect car insurance quotes in Gaithersburg?
Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your credit score, driving record, address, and marital status.
Why is the cost of car insurance in Gaithersburg different from other neighboring cities?
Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, parking situations, and crime rates -- which can vary from city to city -- can significantly affect your rate.
Which car insurance company will offer me the cheapest rate in Gaithersburg?
Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Gaithersburg?
Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.
Do I need to wait for my policy to expire to switch to a different car insurance company?
No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Gaithersburg or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?
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