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How much is car insurance in Pikesville?
|Area||Average Monthly Car Insurance Premium|
Auto insurance policies in Pikesville are about $25 a month more expensive than the rest of Maryland.
Compared to the national average cost of auto coverage, Pikesville has higher rates. Coverage in Pikesville is about $66 more expensive than it is for the rest of the U.S.
While these numbers represent the average monthly payments for coverage in Pikesville, that doesn't mean it's what you'll pay. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect your policy's monthly price.
We've analyzed the average rate for Pikesville and broken down the different factors to help you understand what your monthly bill might look like. 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|
It makes sense that older drivers would have more experience behind the wheel. That experience can lead to some serious savings when it comes to auto insurance premiums. In this case, 18-24-year-olds pay two times the price that drivers 65 and older.
You can expect to see your monthly premium drop about once a decade or so. That said, once you hit retirement, your rates may begin to increase again in Pikesville.
Average Car Insurance Rates by Gender
Female drivers pay, on average, slightly less than their male counterparts. In Pikesville, male drivers pay about $14 more a month. Looking at the table above, you can see that female drivers pay around $140 on average, while male drivers typically pay $154 each month.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
Your rates can vary wildly depending on your driving record. Drivers who avoid accidents and tickets will pay significantly lower rates than those with infractions. In Pikesville, a driving record with a single accident will usually get you a rate around $180 a month. Similarly, drivers with one ticket will typically pay around $172 on average.
When it comes to your monthly bill, accidents, tickets, and other driving infractions can really take a toll. So, if cheap car insurance is something you're after, drive safely and keep a clean record.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$150|
|15 Years or Older||$125|
In terms of affordable coverage, the cheapest vehicles to insure in Pikesville are usually trucks and vans, at $127 per month.
Car owners will see a monthly bill of about $147, while SUV owners by and large pay around $155 per month.
Your vehicle's age can also affect your monthly bill. Generally, newer vehicles are going to be the most expensive to insure. Once your car is close to 5 years old, however, you may see your rates begin to drop back down. In Pikesville, vehicles two-to -three years old are the most expensive to insure.
Average Car Insurance Rates by Relationship Status
|Relationship||Average Monthly Premium|
|Single (never married)||$155|
Generally, married policyholders will pay slightly less for auto insurance coverage. This occurs because insurance companies commonly award special discounts to policyholders with multiple vehicles that are on the same policy.
According to the table above, the difference in rates based on relationship status in Pikesville can be as much as $31 a month, so it's worth taking into consideration.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$199|
Another factor that comes into play is your housing status. Renters can expect to pay around $5 a month less than those who own their own home in Pikesville. 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 overall costs, depending on your insurance company.
Car Insurance Companies in Pikesville, MD
Recent trends in car insurance for Pikesville drivers
Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before picking an insurance policy.
The rates for auto insurance in Pikesville went up from 2017-2019, before leveling out in 2020. They finished down in 2022, at $114 a month
How does Pikesville compare to neighboring areas?
Why are car insurance rates in Pikesville different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider a number of factors. While we've discussed the ones that affect your personal policy, others are based around your home address. These include things like:
- Crime rates
- Total number of drivers
- Off-street parking availability
- Road Safety (frequency of car accidents)
An awareness of these factors is important when thinking about buying a new policy or potentially moving to a new home. Realizing 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 corner of the world.
How can I find the cheapest car insurance in Pikesville?
Equipping 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.
Good news! Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from many of the car insurance companies that offer coverage in Pikesville.
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Pikesville Insurance FAQs
What factors affect car insurance quotes in Pikesville?
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 Pikesville different from other neighboring cities?
Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, local laws, and crime rates when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Pikesville?
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 Pikesville?
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. 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 Pikesville 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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