Germantown, MD Car Insurance

What rates can residents of Germantown expect to pay for their car insurance? How do rates in Germantown measure up compared to neighboring areas, including Maryland as a whole? Discover the factors that go into calculating the average cost in our writeups and charts below:

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How much is car insurance in Germantown?

According to the chart above, the average cost of auto insurance in Maryland is about $38 a month more expensive than it is in Germantown.

Compared to the national average cost of auto coverage, Germantown has higher rates. The cost of auto coverage in Germantown is about $3 more expensive than the national average.

While these are the average car insurance rates for Germantown, keep in mind that you could end up paying a different amount. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

Don't sweat it however, we've broken down average rates for Germantown residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. To find out if you're getting the cheapest rate, just enter your ZIP below and find out in minutes!

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Average Car Insurance Rates by Age

The longer you've been on the road, the more experienced of a driver you are. That experience can really work in your favor when it comes to auto insurance. As you can see, 18-24-year-olds pay two times the price that drivers 65 and older.

As you get older, you can expect to see a drop in your monthly premium every 10 years. You may see your rates climb back up a bit once you hit retirement in Germantown.

Average Car Insurance Rates by Gender

In general, female drivers pay less for car insurance than their male counterparts. In Germantown, however, men actually pay a bit less than female drivers for insurance coverage.

Average Auto Insurance Rates by Driving Record

One of the biggest factors in determining your car insurance rates is your driving record. Drivers with clean records will pay much lower rates than those with accidents or violations. Drivers in Germantown with a single accident on their record will usually see rates around $88 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $84 on average.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.

Average Insurance Rates by Vehicle

If you look at the first table above, the cheapest vehicles to insure in Germantown are by and large trucks and vans, at $70 per month.

Car owners, on the other hand, usually pay around $87 a month, while SUV drivers can expect to pay about $79 per month for insurance coverage.

Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to decrease if your car is a few years old. In Germantown, vehicles four-to-five years old are the most expensive to insure.

Average Car Insurance Rates by Relationship Status

On average, married policyholders will pay slightly less for auto insurance. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Germantown, with married couples paying about $12 less per month.

Average Car Insurance Rates by Housing Situation

One other element taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $6 a month more than if you own your own home in Germantown. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

Many companies, however, will offer you a discount to bundle your home or rental insurance with your auto insurance policy, which can help reduce your car insurance costs.

Car Insurance Companies in Germantown, MD

Recent trends in car insurance for Germantown drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before choosing when and where to shop.

The cost of car insurance in Germantown have been mixed as of late, it fell in 2017, increased in 2019, and declined again in 2021, before finishing at $81 in 2022.

How does Germantown compare to neighboring areas?

Why are car insurance rates in Germantown different from other areas?

There are a number of factors car insurance companies take into consideration when figuring out how much to charge for coverage. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you live and drive. These include things like:

• Amount of drivers
• Rate of car accidents
• Access to off-street parking
• Community laws
• Crime rates

Having an awareness of these factors is critical when thinking about buying a new policy or potentially moving to a new home. Different cities and towns will each have different rates, so guides like these are a handy way to learn more.

How can I find the cheapest car insurance in Germantown?

Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

But hold on! Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering policies in Germantown.

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Germantown Insurance FAQs

What factors affect car insurance quotes in Germantown?

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 marital status, credit score, address, and driving record.

Why is the cost of car insurance in Germantown different from other neighboring cities?

Parking situations, crime rates, and local laws -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.

Which car insurance company will offer me the cheapest rate in Germantown?

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Germantown?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No, you can switch companies at any point, no matter how much time is left on your current policy. If you're thinking about moving to Germantown or are wondering if you're paying the best rate for your current area, take 10 minutes and visit Compare.com to find out for sure.