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Cumberland, MD Home Values & Insurance Rates

Cumberland, MD Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 726 13.0% $157
$50,000 to $59,999 218 4.0% $341
$60,000 to $69,999 311 5.0% $420
$70,000 to $79,999 537 10.0% $486
$80,000 to $89,999 481 9.0% $551
$90,000 to $99,999 420 8.0% $617
$100,000 to $124,999 872 16.0% $716
$125,000 to $149,999 406 7.0% $900
$150,000 to $174,999 382 7.0% $1064
$175,000 to $199,999 189 3.0% $1222
$200,000 to $249,999 327 6.0% $1471
$250,000 to $299,999 131 2.0% $1800
$300,000 to $399,999 238 4.0% $2286

Cumberland Renters Insurance as a Percentage of Rent

Cumberland Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 185 5.0% $356
$200 to $299 287 8.0% $806
$300 to $499 761 22.0% $1256
$500 to $749 1,220 35.0% $1931
$750 to $999 544 15.0% $2681
$1,000 to $1,499 337 9.0% $3806
$1,500 or more 117 3.0% $5456

Example Cumberland Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Nationwide InsuranceGEICO InsuranceErie Insurance
Monthly Premium 383035
Year Built 195219491967
Home Details 4 Beds, 2 Baths2 Beds, 1 Baths3 Beds, 1 Baths
Coverage Amount $200000-$250000$75000-$100000$100000-$125000
Deductible > $10,000 Deductible$500- $1000 Deductible$1000-$2500 Deductible

Top Home Insurance Agents Near Cumberland, MD

Home Insurance Company Near Cumberland, MD Homeowners Insurance Agency Near Cumberland, MD Address Distance from Cumberland, MD (miles)
Erie Chaney - Buskirk Agency Inc. 9998 Frankfort Hwy, Fort Ashby, WV, 26719 10.4
Allstate Gingrich Warren A 807 Lower Main St, Saxton, PA, 16678 47.5
State Farm Terry Mclarney 850 N Mechanic St, Cumberland, MD, 21502-2117 1.2
Travelers The Knepper Agency Inc 221 W PATRIOT ST, SOMERSET, PA, 15501 30.0
State Farm Vicky Brenneman 137 Virginia Ave, Cumberland, MD, 21502-3952 1.0


Estimated Home Insurance By Street Area Near Cumberland, MD

Cumberland Area Estimated House Insurance
Estella St, Holland St, Riehl Ave, Sunset Dr Exd, Mountain Magic Ln, Wills Creek Ave, Ella Ave, Rizer Ave, Dent Ln, Fectig Ave$657
Zihlman Way, S Chase St, Lynn St, Mercury St, Talbot St, Louisiana Ave, Ridge Ter, Bond St, S Maryland Ave, Beall St$667
S Johnson St, Virginia Ave, Furnace St, W 1st St, Patterson Ave, Amcelle St, Highland Ave, Dilley St, Fulton St, Pine St$671
Valley St, Turano Rd NE, Highland Estates Dr, E Fourth St, Christie Rd NE, Jackson St, Balmoral Rd, Bedford St, Bowling St, Williams St$650
Dandelion Ave, Mountain Magic Ln NE, S Wineow St, Glenmore St, Springdale St, South Ter, Kite Ave, Pea Vine Run NE, Richwood Ave, Saratoga St$658

Cumberland, MD Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$900$3,900
Yearly Cumberland Homeowner Insurance Premium Example $1,200$700
Out of Pocket Expense During Claim$900$3,900
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $9,300$8,800
Net Savings to Cumberland Home Owner from High Deductible Plan $500

Cumberland, MD Home Insurance Costs With Home Replacement Value Scenarios

Scenario Cumberland, MD Home Replacement Value MORE than Home Value Cumberland, MD Home Replacement Value LESS than Home Value
Replacement Value $97,000 $58,000
Insurance Premium based on Replacement Value $525 $325
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $23,500 Risk Exposure from Under Insuring Coverage is $15,500
Premium Impact Insurance cheaper by $75/year Insurance costlier by $125/year