Owings Mills, MD Car Insurance

On average, Owings Mills drivers pay a monthly average rate of around $142 for their car insurance. Learn more in our handy guide below.
What should residents of Owings Mills expect to pay for their car insurance? Are rates in Owings Mills higher or lower than those in neighboring areas? How do they compare to the rest of Maryland? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Owings Mills?

Area Average Monthly Car Insurance Premium
Owings Mills$142
MD$120
United States$80

Auto insurance policies in Owings Mills are about $22 a month more expensive than the rest of Maryland.

If you're considering relocating to Owings Mills from out of state, you may want to budget a little extra for your insurance. Coverage in Owings Mills is about $62 more expensive than it is for the rest of the U.S.

While these numbers are the average rates for auto insurance in Owings Mills, that doesn't mean it's what you'll pay. Insurance companies weigh a variety of factors when determining how much to charge you to get auto insurance. The final dollar amount you'll be asked to pay each month is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

But don't worry, we've broken down the average rate for Owings Mills 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 below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$220
25-34$136
35-44$108
45-54$135
55-64$112
65+$112

Generally, the older you are, the more experienced you are on the roads, right? That experience can lead to some serious savings when it comes to auto insurance bills. As you can see, 18-24-year-olds pay a lot more than drivers 65 and older.

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

Average Car Insurance Rates by Gender

Gender Average
Male$140
Female$143

On average, female drivers pay slightly less than male drivers for car insurance. In Owings Mills, although men do pay a little bit less on their monthly insurance rates, the price is about the same for either group.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$150
Multiple Accidents$220
1 Ticket$159
Multiple Tickets$211

Your driving record can have a huge impact on your car insurance rates. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. In Owings Mills, a driving record with one accident will usually get you a rate around $150 a month. Likewise, drivers with one ticket will be looking at a rate of around $159 a month on average.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$183
2-3 Years$136
4-5 Years$147
6-7 Years$167
8-10 Years$136
11-14 Years$138
15 Years or Older$124

The cheapest vehicles to insure in Owings Mills are by and large trucks and vans, with each type typically costing about $123 per month.

Car and SUVs, however, both cost about the same amount for auto insurance coverage -- around $142 a month.

In addition to vehicle type, you can also expect to see slightly different rates based on your vehicle's age. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to decrease if your car is close to 5 years old. The most expensive vehicles to insure in Owings Mills are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$156
Married$105
Divorced$113
Widowed$88

On average, car insurance is slightly cheaper for married policyholders. This usually boils down to owners having multiple vehicles on the same policy, something many companies award special discounts for.

In Owings Mills, the difference in rates based on relationship status can be as much as $51 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$134
Rent$133
Live with parents$198

Your housing situation is another component of how insurance companies calculate your monthly rate. Renters can expect to pay around $1 a month less than those who own their own home in Owings Mills. Those who live with their parents, however, can expect to pay a lot more.

That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.

Car Insurance Companies in Owings Mills, MD

Recent trends in car insurance for Owings Mills drivers

Since average rates are constantly changing, it's a smart move to research the local trends in your area before picking an insurance policy.

Auto insurance rates in Owings Mills rose from 2016-2019, but began to decrease in 2020. This trend has continued through 2021 when rates have most recently reached $99 per month.

How does Owings Mills compare to neighboring areas?

Why are car insurance rates in Owings Mills different from other areas?

When considering how much to charge for an insurance policy, car insurance companies will evaluate a number of factors. Many factors affecting your policy are based around where you call home. These factors include things like:

  • Area regulations
  • Regional crime rates
  • Off-street parking accessibility
  • Amount of drivers in the community
  • General road safety (how many accidents each locality has)

You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. 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 Owings Mills?

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.

Don't worry, Compare.com will handle the heavy lifting for you. Put in your ZIP Code below, respond to a few questions, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies providing plans in Owings Mills.

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Owings Mills Insurance FAQs

What factors affect car insurance quotes in Owings Mills?

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

Why is the cost of car insurance in Owings Mills 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 Owings Mills?

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 Owings Mills?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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. 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 Owings Mills 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?

Find your best rate in just a few minutes