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How much is car insurance in Laurel?
|Area||Average Monthly Car Insurance Premium|
As you can see in the chart above, it is around $18 a month cheaper to insure your vehicle in Laurel than it is in the rest of Maryland.
The average cost of insuring your vehicle in Laurel is above the national rate. It's about $23 more expensive for coverage in Laurel than the average rates for the U.S. as a whole.
These rates may be the average amount Laurel drivers pay for their insurance policy, but that doesn't mean it's exactly what you'll pay. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. Your bill each month is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.
Don't sweat it however, we've broken down average rates for Laurel residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. And if you're not sure if you're getting the cheapest rate for your area, simply enter your ZIP below and find out!
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Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
The more time you have behind the wheel, the more experienced of a driver you should be. That experience can snag you some serious savings when it comes to auto insurance. According to the table above, you can see that 18-24-year-olds pay significantly more than someone who is at retirement age.
You can expect to see your monthly premium drop every 10 years or so. Once you hit retirement, however, you may see your rates climb back up in Laurel.
Average Car Insurance Rates by Gender
In general, women pay slightly less for car insurance than men. In Laurel, the difference comes out to about $5 a month. Based on the chart above, you can see that female drivers pay around $101 on average, while male drivers typically pay $106 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Depending on your driving record, your rates can vary quite a lot. Drivers with clean records will pay significantly lower rates than those with accidents or violations. Drivers in Laurel with a single accident will pay around $140 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $125.
Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$123|
|15 Years or Older||$93|
In terms of affordable coverage, the cheapest vehicles to insure in Laurel are usually SUVs, at $96 per month.
Car owners, on the other hand, typically pay around $105 per month, while truck and van drivers can expect to pay about $100 a month for auto insurance.
Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. However, once your car is a few years old, you may start to see your monthly premium drop back down. In Laurel, the most expensive vehicles to insure are vehicles less than one year old.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$111|
On average, 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.
On a national scale, married drivers typically pay less than single drivers for auto insurance. Laurel is no exception, with the difference totaling to around $31 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$112|
Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $18 a month more than homeowners in Laurel. Those who live with their parents, however, can expect to pay a lot 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 Laurel, MD
Recent trends in car insurance for Laurel 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 Laurel, auto insurance rates went up from 2017-2019, but began to decrease in 2020. This trend has continued through 2022 when rates have most recently reached $98 per month.
How does Laurel compare to neighboring areas?
Why are car insurance rates in Laurel different from other areas?
Car insurance companies will take into account a variety of factors when figuring out how much to charge for a policy. While we've discussed the ones that affect your personal policy, others are based around your home address. These include things like:
- Area laws
- Amount of off-street parking
- Number of drivers in the area
- Prevalence of crime
- Frequency of car accidents
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. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.
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.
Luckily, Compare.com does all of that work for you. Just punch in your ZIP Code below, answer a few questions on you and your vehicle, and you'll be comparing the cheapest quotes from numerous car insurance companies providing auto coverage in Laurel.
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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, as well as your driving record, credit score, marital status, and address.
Why is the cost of car insurance in Laurel different from other neighboring cities?
Parking situations, local laws, and crime rates -- 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 Laurel?
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 Laurel?
Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.
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 Laurel 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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