Average car insurance cost in Rockville, MD

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The average car insurance cost in Rockville, Maryland is $1,712 per year, according to Insure.com data analysis. Also, the car insurance rates in Rockville is $34 less than the average rates in Maryland and $183 less than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Rockville, the average car insurance rates categorized by age and gender, and the cost of car insurance in Rockville based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Rockville. Read on to learn more.

Cheap car insurance companies in Rockville

Geico provides the best value for car insurance in Rockville with coverage limits of 100/300/100, costing $1,185 annually.

A close second is Nationwide, which offers car insurance at $1,261 per year.

Read about the best car insurance companies.

Average car insurance cost in Rockville by coverage limits

The average car insurance rates in Rockville by coverage type are as follows:

• State minimum coverage: $772 per year (limits of 25/50/25)
• Liability-only coverage: $798 per year (limits of 50/100/50)
• Full coverage: $1,712 per year (limits of 100/300/100)
• Non-owners coverage: $479 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Rockville

Based on an analysis by Insure.com, female drivers in Rockville, Maryland pay an average annual car insurance premium of $1,711. In comparison, male drivers pay $1,713 annually, which is $2 more than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Rockville

In Rockville, teenagers have the highest car insurance rates, at $5,331 per year or $444 per month. This higher rate is attributed to the increased risk of road accidents among teenagers (aged 16 to 19) due to their limited experience on the road, according to the Insurance Information Institute.

However, there are driving laws for teens to improve their driving habits. Additionally, the cost of teen insurance can be reduced by adding them to a parent’s auto insurance policy. As teens mature and establish a positive driving history, their car insurance rates are likely to decrease.

Young adults, pay an average of $2,974 annually for car insurance, which is $2,357 less than what the teens pay for their insurance policy.

Meanwhile, adult, and senior drivers in Rockville have car insurance rates of $1,722 and $1,815 per year, respectively. The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below shows the average annual rates for drivers of different age groups:

Car insurance rate trends in Rockville

Examining the trends in car insurance rates in Rockville, Maryland, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 7% or $117.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Rockville, are lower than the average insurance cost in Maryland. Shopping around and taking advantage of available discounts, drivers in Rockville can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.