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How much is car insurance in Parkville?
|Area||Average Monthly Car Insurance Premium|
Coverage for your vehicle in Parkville will typically run you about $16 a month more than in the rest of Maryland.
Similarly, the expected monthly payments for an auto insurance policy in Parkville are above the national average. It's around $56 more expensive for coverage in Parkville than the average rates seen in the rest of the U.S.
These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. The amount that insurance companies end up charging you is determined by a number of factors. 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.
But don't worry, we've broken down the average rate for Parkville 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 certain that you're paying the lowest option, simply enter your ZIP below and find out in just minutes!
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 lead to some serious savings when it comes to car insurance rates. As you can see, 18-24-year-olds pay $137 more than drivers of retirement age.
Every ten years or so you can expect to see a decline in your monthly premium. That said, once you hit retirement, your rates may start to rise again in Parkville.
Average Car Insurance Rates by Gender
On average, female drivers pay slightly less than male drivers for car insurance. In Parkville, the difference comes out to about $12 a month. As illustrated in the table above, female drivers in the area pay about $130 on average, while male drivers pay around $142 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. Drivers who avoid accidents and tickets will pay significantly lower rates than those with infractions. In Parkville, drivers with one accident on their record will experience rates around $155 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $216.
Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. In order to keep your monthly bill down and get the cheapest car insurance possible, keep your record clean and drive safely.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$132|
|15 Years or Older||$119|
If you look at the first table above, the cheapest vehicles to insure in Parkville are usually trucks and vans, at $126 per month.
Car owners will see a monthly rate of about $136, while SUV owners by and large pay around $145 per month.
Depending on your vehicle's age, you can also expect to see slightly different rates. Generally, the most expensive vehicles to insure are going to be newer ones. However, once your car is a few years old you may start to see your rates drop back down a bit. In Parkville, 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)||$151|
On a national scale, married drivers typically pay less than single drivers for auto insurance. Parkville is no exception, with the difference totaling to around $58 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$171|
Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment, expect to pay around $30 a month more than drivers who own property in Parkville. But if you live with your parents, your rates will be significantly higher.
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 costs.
Car Insurance Companies in Parkville, MD
Recent trends in car insurance for Parkville 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.
The rates for car insurance in Parkville dropped from 2016-2017, when they reached a low of $116. This leveled out in 2018, when rates began to increase. They hit a high of $178 in 2020, and finished down in 2021, at $154 a month.
How does Parkville compare to neighboring areas?
Why are car insurance rates in Parkville different from other areas?
Car insurance companies look at numerous factors when they're deciding how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:
- General road safety (how many accidents each locality has)
- Total amount of drivers in the area
- Area laws
- Area crime rates
- Amount of off-street parking
It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Different towns and cities will all have different average rates, so guides like these are a great place to get started.
How can I find the cheapest car insurance in Parkville?
While understanding what the average costs are for drivers like you can be helpful as you get an idea of what you might end up paying, 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 does all of that work for you. Put in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from dozens of car insurance companies providing plans in Parkville.
Parkville Insurance FAQs
What factors affect car insurance quotes in Parkville?
Car insurance companies calculate quotes based on a wide array of factors. These include things you can't control like your age and gender 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 Parkville different from other neighboring cities?
Crime rates, local laws, and parking situations -- 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 Parkville?
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 however, by using sites like Compare.com to compare multiple quotes at once.
Do I need to change my insurance if I move to Parkville?
Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good 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 Parkville 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.