Montgomery Village, MD Car Insurance

On average, drivers in Montgomery Village pay around $93 per month for their car insurance. For more information refer to our guide below.
What rates can residents of Montgomery Village expect to pay for their car insurance? Are rates in Montgomery Village higher or lower than those in neighboring areas? How do they compare to the rest of Maryland? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:  

How much is car insurance in Montgomery Village?

Area Average Monthly Car Insurance Premium
Montgomery Village$93
MD$120
United States$80

Compared to the rest of the Maryland, coverage in Montgomery Village is about $27 a month cheaper.

That being said Montgomery Village residents will likely pay higher rates to insure their vehicle than in the rest of the country. Coverage in Montgomery Village is about $13 more expensive than it is for the rest of the U.S.

While these are the average costs to insure your vehicle in Montgomery Village, keep in mind that you could end up paying a different amount. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

We've analyzed the average rate for Montgomery Village and broken down the different factors to help you understand what your monthly bill might look like. And if you're not sure that you're paying the lowest option, simply enter your ZIP below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$163
25-34$83
35-44$87
45-54$84
55-64$55
65+$42

The more time you've spent on the road, the more experience you have. That experience can turn into some real savings when it comes to auto insurance rates. According to the table above, you can see that 18-24-year-olds pay two times the price that drivers 65 and older.

Every ten years or so you can expect to see a decline in your monthly premium. You may see your rates begin to increase again once you hit retirement in Montgomery Village.

Average Car Insurance Rates by Gender

Gender Average
Male$98
Female$87

In general, car insurance rates for women are usually cheaper than they are for men. The difference in Montgomery Village is around $11 a month. Looking at the table above, you can see that female drivers pay around $87 on average, while male drivers typically pay $98 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$143
Multiple Accidents$79
1 Ticket$150
Multiple TicketsNot Enough Data

Depending on your driving record, your rates can vary wildly. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. The rate for drivers in Montgomery Village with a single accident on their record is about $143 a month. In addition, drivers with one ticket can expect to pay around $150 a month on average.

Regardless of where you live, accidents, tickets, and other driving infractions can drive your monthly bill way up. 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$97
2-3 Years$112
4-5 Years$137
6-7 Years$95
8-10 Years$90
11-14 Years$84
15 Years or Older$86

In Montgomery Village, the cheapest vehicles to insure are usually trucks and vans, with drivers paying around $71 per month to insure their vehicle.

Car owners will see a monthly premium of about $92, while SUV owners by and large pay around $100 per month.

In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to be the most expensive to insure. However, your rates may start to decrease if your car is about 5 years old. In Montgomery Village, the most expensive vehicles to insure are vehicles four-to-five years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$95
Married$92
Divorced$81
Widowed$44

Generally, married policyholders will pay slightly less to insure their car. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

Although married couples normally pay less than single drivers to insure their vehicles, the rates for both groups are about the same in Montgomery Village.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$85
Rent$104
Live with parents$61

Another factor taken into consideration is your living situation. If you rent your home or apartment, expect to pay around $19 a month more than drivers who own property in Montgomery Village. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average premiums, depending on your insurance company.

Car Insurance Companies in Montgomery Village, MD

Recent trends in car insurance for Montgomery Village drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when choosing your car insurance policy.

The cost of car insurance coverage in Montgomery Village had been increasing steadily from 2016-2020. It finished down in 2021, at $90.

How does Montgomery Village compare to neighboring areas?

Why are car insurance rates in Montgomery Village different from other areas?

When considering how much to charge for an insurance policy, car insurance companies will evaluate several factors. While we already talked about the ones that affect your personal policy, others are based around your home address. These include things like:

  • Total number of drivers in the community
  • Off-street parking availability
  • Local regulations
  • Rate of car accidents
  • Regional crime rates

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. Knowing 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 Montgomery Village?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

But hold on! Compare.com has you covered. Just punch in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies that offer auto coverage in Montgomery Village in no time.

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Montgomery Village Insurance FAQs

What factors affect car insurance quotes in Montgomery Village?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your marital status, credit score, address, and driving record.

Why is the cost of car insurance in Montgomery Village 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 Montgomery Village?

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, 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 Montgomery Village?

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, 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 Montgomery Village 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.

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