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How much is car insurance in Waldorf?
|Area||Average Monthly Car Insurance Premium|
Car insurance coverage in Waldorf is about $9 cheaper than it is in the rest of Maryland.
On the flip side, residents of Waldorf might expect to pay higher rates for coverage than the rest of the country. Coverage in Waldorf is about $31 more expensive than it is for the rest of the U.S.
Although these are the average car insurance rates in Waldorf, you could end up paying something different. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The final dollar amount you'll be asked to pay each month is calculated off of factors such as your age, gender, vehicle make and model, driving record, and in some areas, your credit score.
But don't worry, we've broken down the average rate for Waldorf 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, simply enter your ZIP Code below and find out in just minutes!
Average Car Insurance Rates by Age
|Age Range||Average Premium|
|Under 18||Not Enough Data|
|45-54||Not Enough Data|
The older you are, the more experience you're likely to have on the roads, right? That experience can lead to some serious savings when it comes to car insurance bills. According to the table above, you can see that 18-24-year-olds pay twice as much as someone who is at retirement age.
You can expect to see your monthly premium drop about once a decade or so. Waldorf drivers may see their rates start to rise again once they hit retirement age.
Average Car Insurance Rates by Gender
Male drivers pay, on average. slightly more than female drivers for auto insurance. The difference in Waldorf is about $13 per month. As you can see in the chart above, car insurance for women in the area typically costs around $105 each month, while men pay $118 on average.
Average Auto Insurance Rates by Driving Record
|Infractions||Average Monthly Premium|
One of the biggest factors in determining your car insurance rates is your driving record. Those with clean records will obviously pay significantly less than those with infractions. In Waldorf, drivers with one accident on their record will experience rates around $125 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $156.
Accidents, tickets, and other driving infractions can really add up when it comes to how much you pay. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.
Average Insurance Rates by Vehicle
|Vehicle Age||Average Monthly Premium|
|Less Than 1 Year||$125|
|15 Years or Older||$104|
According to the first table above, trucks and vans are usually the cheapest vehicles to insure in Waldorf, with drivers paying around $92 per month for auto insurance.
The cost of auto insurance coverage for car and SUV owners in Waldorf usually comes out to about $113 a month.
You may also see different rates based on the age of your vehicle. Newer vehicles are generally going to be the most expensive to insure. Once your car is about 5 years old, however, your monthly bill may start to dip back down. In Waldorf, 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)||$119|
Generally, those who have settled down into marriage will pay slightly less for auto insurance coverage. This usually happens because companies will offer special discounts to policyholders with multiple vehicles that are on the same policy.
In Waldorf, the difference in rates based on relationship status can be as much as $35 a month.
Average Car Insurance Rates by Housing Situation
|Housing Status||Average Monthly Premium|
|Live with parents||$131|
Another factor that comes into play is your living situation. If you rent your home or apartment, expect to pay around $4 a month more than drivers who own property in Waldorf. But if you live with your parents, your rates will be significantly higher.
If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.
Car Insurance Companies in Waldorf, MD
Recent trends in car insurance for Waldorf drivers
The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area before picking an insurance policy.
In Waldorf, the rates for auto insurance had been increasing from 2016-2019, before steadying out in 2020. Rates finished up in 2021, at $156 per month
How does Waldorf compare to neighboring areas?
Why are car insurance rates in Waldorf different from other areas?
When considering how much to charge for a monthly rate, car insurance companies will consider many factors. Many factors affecting your policy are based around your home address. These factors include things like:
- Number of car accidents
- Off-street parking access
- Total number of drivers
- Area regulations
You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. 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 Waldorf?
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.
Good news! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions related to the factors we outlined above, and you'll be comparing the cheapest quotes from loads of the car insurance companies offering coverage in Waldorf.
Waldorf Insurance FAQs
What factors affect car insurance quotes in Waldorf?
Car insurance companies calculate quotes based on a wide array of factors. These include things like your gender and age, but also factors like your vehicle's year, make and model, as well as your driving record, credit score, address, and marital status.
Why is the cost of car insurance in Waldorf 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 crime rates, local laws, and parking situations when calculating your quote -- all of which can change from city to city.
Which car insurance company will offer me the cheapest rate in Waldorf?
There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.
Do I need to change my insurance if I move to Waldorf?
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 time, regardless of how long is left on your current policy. So, if you've recently moved to Waldorf or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if Compare.com can save you money.