Cumberland Insurance Rates:

Cumberland, MD home insurance is nearly $558 to $757, about $46-$63/month. Our thorough analysis indicates shoppers can save upto $262 by comparing many quotes

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Cumberland, Maryland Homeowners Insurance Reviews reveal the good & the bad so that you can compare the cheapest quotes from the best

Cumberland Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $620/8 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $195,000

5 Beds, 5 Baths 2700 sqft Primary Residence Constructed In 1979 with Linoleum, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Stucco Construction. Home Features Include Indoor Sprinklers, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

34 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $460/7 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $340,000

5 Beds, 5 Bath 4080 sqft Primary Residence Constructed In 1978 with Linoleum, Composition Roof, Crawl Space Foundation, Wood siding, Stucco Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Central Air Conditioning, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Single Male who is a Freelancer with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $340/4 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

4 Beds, 4 Baths 2670 sqft Primary Residence Constructed In 1974 with Carpet over wood flooring, Wood Shake Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Married Male who has a Full Time Job with household income of $100-$150,000 and has No Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $380/8 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $145,000

3 Beds, 3 Baths 1810 sqft Vacation Property Constructed In 1943 with Ceramic Tile Flooring, Composition Roof, Chainwall Foundation, Stucco siding, Stucco Construction. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

47 Years old Married Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $490/4 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $275,000

5 Beds, 5 Baths 4310 sqft Vacation Property Constructed In 1965 with Stone Flooring, Composition Roof, Slab Foundation, Stone Siding, Wood Frame. Home Features Include Swimming Pool, Fire Extinguisher, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Single Female who is a Freelancer with household income of $75-$100,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $390/10 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $130,000

3 Beds, 3 Baths 2140 sqft Primary Residence Constructed In 1947 with Stone Flooring, Composition Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

64 Years old Single Female who is Retired and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $40/2 months for $50000-$75000 Coverage
Policy Holder Home Details :

Home Value : $60,000

2 Beds, 2 Bath 1110 sqft Rental Property Constructed In 1973 with Hardwood Flooring, Membrane Roof, Chainwall Foundation, Brick siding, Wood Frame. Home Features Include Deadbolt Locks, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

32 Years old Divorced Female who has a Part Time Job with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $320/10 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $105,000

3 Beds, 3 Bath 1890 sqft Primary Residence Constructed In 1965 with Hardwood Flooring, Wood Shake Roof, Chainwall Foundation, Stone Siding, Stucco Construction. Home Features Include Central Air Conditioning, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Divorced Female who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $100/3 months for $50,000-$75,000 Coverage
Policy Holder Home Details :

Home Value : $65,000

2 Beds, 2 Baths 1018 sqft Primary Residence Constructed In 1967 with Linoleum, Shingles Roof, Slab Foundation, Wood siding, Brick Frame. Home Features Include Deadbolt Locks, Swimming Pool, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

56 Years old Single Female who is a Freelancer with household income of more than $150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

Cumberland, MD Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
21502 $119,800 $660

Cumberland Rates & Quotes Analysis:

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

Insurance rates are influenced by a number of factors including:

  • Year Built: 1,391 Homes (12% of total) built between 1940 to 1949 in Cumberland are paying home insurance between $1,320-$1,329 and varies from Ridgeley(WV) (+$480), Carpendale(WV) (+$515), La Vale (+$22), Pleasant Grove (-$10) and Zihlman (-$12).
  • Bedrooms: 2,831 2 bedrooms homes (26% of total homes ) in Cumberland are paying about $296 and varies from Ridgeley(WV) (+$448), Carpendale(WV) (+$472), La Vale (+$6), Allegany County (-$4) and Luke (-$14).
  • Auto Insurance Bundling: 1,009 Households (18% of all households) in Cumberland have 3 or more vehicles available and when it is bundled with home insurance you can save $164. Discounts for similar bundling in close by locations such as Ridgeley(WV) , Carpendale (WV), Wiley Ford (WV)come to $224, $228, $224 respectively.
  • Senior Discounts: 2,943 seniors (more than 55 years) occupied housing units (54% of total) in Cumberland get discounts between $98 to $100 and differs from Ridgeley(WV) ($134), Carpendale(WV) ($137), Bowmans Addition ($98).
  • New Homes discounts: New homes such as the 1,668 homes built between 2000 to 2009 in Cumberland can save $131 and similar new home insurance discounts in nearby towns and cities like Ridgeley(WV), Carpendale(WV) and Wiley Ford(WV) are $179, $182 and $179 respectively.

Cumberland Homeowners insurance Facts

  • Cumberland, MD has 5,408 owner occupied houses which is 59.8% of all units whereas Ridgeley, Carpendale and Wiley Ford have 53.79%, 88.67% and 65.8% respectively.
  • Cumberland, MD homeowners yearly insurance price at $657 is 0.66% of the typical house value of $100,300 which is in contrast with 1.03% in Ridgeley, 0.8% at Carpendale & 1.03% in Wiley Ford.
  • Homeowners in Cumberland, MD pay 2.39% of their income ($25,000 to $29,999) in insurance whereas homeowners in Ridgeley, Carpendale and Wiley Ford pay 3.26%, 3.32% and 3.26% respectively.
  • Cumberland, MD’s insurance is 5.1% of monthly housing costs of $1,065/month, for owners with a mortgage compared to 8.87% in Ridgeley, 7.29% at Carpendale & 7.08% in Wiley Ford. But, for households without a mortgage, insurance is 14.2% of costs ($387 in Cumberland, MD) in contrast with 24.09% in Ridgeley, 23.44% at Carpendale & 27.55% in Wiley Ford.

Cumberland, MD Home Values & Insurance rates

For example, insurance for 327 Homes (6.0% of total homes ) valued between $200,000 to $249,999 in Cumberland, MD is about $1,471. Rates in nearby areas in such as Bowmans Addition, Bowling Green, La Vale are cheaper by $101, $68, $408 respectively while Carpendale and Wiley Ford are costlier by $338 and $840 respectively for similar homes.

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

Renters Insurance in Cumberland

  • Average Renters Insurance in Cumberland :  $225($18/month)

  • Median Gross Rent in Cumberland :  $573

  • Cumberland Renters Insurance to Median Rent Ratio:  3.14%

  • Renter occupied housing units in Cumberland :  3,631

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

Rent Affordability in Cumberland:

Approximately 45.0% (1,649) of households are spending more than 35% of their income on gross rent in Cumberland

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 482 13.0%
15.0 to 19.9 percent 302 8.0%
20.0 to 24.9 percent 476 13.0%
25.0 to 29.9 percent 370 10.0%
30.0 to 34.9 percent 352 9.0%
35.0 percent or more 1,649 45.0%

Protective device discount in Cumberland Up to :  $33

Claims-free discount in Cumberland Up to :  $45