Average homeowners insurance cost in Rockville, MD

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Rockville is $1,384 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $1,120 less than the national average of $2,504.

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Rockville depend on several factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Travelers is the cheapest homeowners insurance company in Rockville with an average annual premium of $1,384 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Rockville. Keep reading to learn about the monthly cost of homeowners insurance in Rockville, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Rockville.

Key takeaways

In Rockville, homeowners insurance costs $1,384 annually.
Travelers offers the most affordable homeowners insurance in Rockville with an average annual premium of $806.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $313 higher.

Average homeowners insurance cost in Rockville per month

Rockville homeowners pay an average of $115 a month, based on our rate analysis. It’s $27 less than the state average of $142 and $94 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Rockville may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Rockville

The average cost of homeowners insurance in Rockville, MD is $1,071 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Rockville

According to a rate analysis by Insure.com, homeowners in Rockville pay an average of $1,384 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $313 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Rockville by Company

Among the carriers analyzed, Travelers is the cheapest homeowners insurance company in Rockville. It’s average annual rate for Rockville homeowners is $806. State Farm ranks second and Farmers makes it to the third spot with an average annual home insurance rate of $1,127.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Rockville and prepared a list of the cheapest home insurance providers. You can find below the Rockville home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Travelers	$806
State Farm	$916
Farmers	$1,127
Erie Insurance	$1,384
American Family	$1,504
Allstate	$1,580
Nationwide	$1,657
Chubb Ltd	$1,931
USAA*	$1,470

*USAA is only available to military community members and their families.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Rockville for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.