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In This Article:
How much is car insurance in Gwynn Oak?
|Area||Average Monthly Car Insurance Premium|
As you can see in the chart above, it is around $69 a month more expensive to insure your vehicle in Gwynn Oak than it is in the rest of Maryland.
Likewise, the expected monthly payments for an auto insurance policy in Gwynn Oak are above the national average. It's around $110 more expensive for coverage in Gwynn Oak than the average rates seen in the rest of the U.S.
While these are the average costs to insure your vehicle in Gwynn Oak, keep in mind that you could end up paying a different amount. The amount that insurance companies end up charging you is determined by a number of factors. Age, gender, vehicle make and model, driving record, and in some cases, your credit score, are all taken into consideration when calculating the final dollar amount you'll be asked to pay each month.
But don't worry, we've broken down the average rate for Gwynn Oak residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP Code below and find out in just minutes!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The older you are, the more experience you're likely to have behind the wheel, right? That experience can snag you some serious savings when it comes to auto insurance. As you can see, 18-24-year-olds pay two times the price that drivers of retirement age.
You can expect to see a decrease in your monthly premium drop about once a decade or so. Drivers in Gwynn Oak may see their rates start to rise again once they hit retirement age.
Average Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. This is true in Gwynn Oak, where women pay around $7 less per month. As illustrated in the table above, female drivers in the area pay about $187 on average, while male drivers pay around $194 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly depending on your driving record. A clean driving record will get you a lower rate than one with even just a single accident or infraction. In Gwynn Oak, drivers with one accident on their record will experience rates around $218 a month. In addition, drivers with a single ticket on their record can expect to pay around $288 a month on average.
Accidents, tickets, and other driving infractions can cost you some serious cash. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$226|
|15 Years or Older||$168|
According to the first table above, trucks and vans are typically the cheapest vehicles to insure in Gwynn Oak, with drivers paying around $153 per month for auto insurance coverage.
Car owners, on the other hand, usually pay around $197 a month, while SUV drivers can expect to pay about $188 per month for insurance coverage.
You may also see different rates based on your vehicle's age. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old, however, you may see your rates begin to drop back down. The most expensive vehicles to insure in Gwynn Oak are vehicles two-to -three years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$201|
Generally, those who are currently married will pay slightly less for car insurance coverage. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.
At a national level, single drivers usually pay more than married couples do for auto insurance. Gwynn Oak follows that pattern, with the difference totaling to around $45 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$218|
Your living situation is another factor that affects your monthly rate. Renters can expect to pay around $27 a month more than those who own their own home in Gwynn Oak. But if you live with your parents, your rates will be significantly higher.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Gwynn Oak, MD
Recent trends in car insurance for Gwynn Oak drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending when selecting an auto insurance policy.
Auto insurance rates in Gwynn Oak increased from 2017-2020, when they hit a high of $231. This pattern shifted in 2021, when they began to decrease, and have continued to do so through 2022, when policy premiums reached a low of $142 a month.
How does Gwynn Oak compare to neighboring areas?
Why are car insurance rates in Gwynn Oak different from other areas?
There are numerous factors car insurance companies will consider when deciding how much to charge for a monthly rate. A few of these factors affecting your personal policy have already been mentioned, but others are based around where you call home. These include things like:
- Rate of car accidents
- Amount of drivers
- Availability of off-street parking
- Regional laws
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Get started with a guide like this to get familiar with the average rates of your area.
How can I find the cheapest car insurance in Gwynn Oak?
While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.
Fortunately, Compare.com can handle all of this for you. Put in your ZIP below, answer a few questions regarding the factors mentioned above, and you'll be quickly comparing the cheapest quotes from a bulk of the car insurance companies offering coverage in Gwynn Oak.
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Gwynn Oak Insurance FAQs
What factors affect car insurance quotes in Gwynn Oak?
The factors that car insurance companies take into account when calculating your monthly cost include things you can't control like your gender and age, but also factors like your address, driving record, marital status, credit score, plus your vehicle's year and make and model.
Why is the cost of car insurance in Gwynn Oak different from other neighboring cities?
Things like crime rates, parking situations, and local laws, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.
Which car insurance company will offer me the cheapest rate in Gwynn Oak?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Gwynn Oak?
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. 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 Gwynn Oak 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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