Table of contents
How much is car insurance in Laurel?
|Area||Average Monthly Car Insurance Premium|
Based on the above chart, auto insurance policies in Laurel are about $16 a month cheaper than in the rest of Maryland.
That being said the expected monthly payments for an auto insurance policy in Laurel are above the national average. It's about $24 more expensive for coverage in Laurel than the average rates for the U.S. as a whole.
While these numbers represent the average monthly payments for coverage in Laurel, that doesn't mean it's what you'll pay. Insurance companies take an array of factors into consideration when determining how much to charge you for your car insurance. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in the final dollar amount you'll be asked to pay each month.
We've analyzed the average rate for Laurel and broken down the different factors to help you understand what exactly you might be asked to pay. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||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 $65 more than drivers 65 and older.
For every 10 years, you can expect to see a drop in your monthly premium. You may see your rates climb back up once you hit retirement in Laurel.
Average Car Insurance Rates by Gender
Car insurance rates for women are generally cheaper than they are for men. In Laurel, male drivers pay about $8 more a month. As you can see in the table above, male drivers in the area typically pay $107 on average, while female drivers typically pay $99 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your driving record can have a huge impact on your car insurance rates. A clean driving record will obviously get you a lower rate than one with accidents or infractions. Drivers in Laurel with one accident will pay around $134 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $143.
Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$111|
|15 Years or Older||$92|
The most affordable vehicles to insure in Laurel are typically SUVs, which run about $97 per month.
Car owners will see rates of about $105, while truck and van owners usually pay around $101 per month.
You can also expect to see slightly different rates depending on the age of your vehicle. Newer vehicles are generally going to be the most expensive to insure. Once your car is around 5 years old, however, your monthly bill may start to dip back down. The most expensive vehicles to insure in Laurel are vehicles four-to-five years old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$113|
Overall, car insurance is slightly cheaper for married policyholders. 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 Laurel, with married couples paying about $35 less per month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$112|
Another factor that comes into play is your housing status. If you rent your home or apartment, expect to pay around $15 a month more than if you own your own home in Laurel. But if you live with your parents, you can expect to pay a lot more.
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 average premiums.
Car Insurance Companies in Laurel, MD
Recent trends in car insurance for Laurel drivers
Given that average rates are often changing, it's a smart move to know the direction your area is trending before shopping for coverage.
The rates for car insurance in Laurel went up from 2016-2019, but leveled out in 2020. Rates have been decreasing since then and recently reached a low of $101 a month in 2021.
How does Laurel compare to neighboring areas?
Why are car insurance rates in Laurel different from other areas?
Car insurance companies take in a number of factors when figuring out how much individual insurance policies will cost. While we already talked about the ones that affect your personal policy, others are based around where you live. These include things like:
- Availability of off-street parking
- Total number of drivers in the community
- Road Safety (frequency of local car accidents)
- Regional crime rates
- Local regulations
Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making 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 Laurel?
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 wait! Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from numerous car insurance companies that offer coverage in Laurel.
Laurel Insurance FAQs
What factors affect car insurance quotes in Laurel?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your age and gender, but also factors like your vehicle's year, make and model, plus your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Laurel different from other neighboring cities?
Auto insurance companies consider regional factors, such as local laws, parking situations, and crime rates into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.
Which car insurance company will offer me the cheapest rate in Laurel?
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 by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Laurel?
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. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Laurel or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?