Germantown Insurance Rates:

Germantown, MD home insurance is approximately $608 to $827, about $50-$68/month. Our all inclusive analysis indicates shoppers can save as much as $287 by getting multiple quotes

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Germantown Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $520/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $340,000

4 Beds, 4 Baths 1940 sqft Seasonal Residence Constructed In 2010 with Ceramic Tile Flooring, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Metal Frame Construction. Home Features Include Smoke Alarm, Copper Water Pipes, Swimming Pool, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

49 Years old Divorced Female who is a Freelancer with household income of $50-$75,000 and has 3 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 $840/8 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $345,000

4 Beds, 4 Bath 2310 sqft Primary Residence Constructed In 2013 with Carpet over wood flooring, Wood Shake Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Copper Water Pipes, Indoor Sprinklers, Smoke Alarm, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

32 Years old Divorced Male who has a Full Time Job with household income of $100-$150,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $1220/8 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $460,000

5 Beds, 5 Baths 2460 sqft Vacation Property Constructed In 1995 with Hardwood Flooring, Shingles Roof, Chainwall Foundation, Stucco siding, Stucco Construction. Home Features Include Fireplace, Deadbolt Locks, Indoor Sprinklers, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

74 Years old Single Male who has a Full Time Job with household income of $100-$150,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $1320/6 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $460,000

5 Beds, 5 Bath 2560 sqft Seasonal Residence Constructed In 2013 with Linoleum, Membrane Roof, Chainwall Foundation, Wood siding, Stucco Construction. Home Features Include Fireplace, Central Air Conditioning, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

33 Years old Married Male 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

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $260/2 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $295,000

3 Beds, 3 Baths 2210 sqft Primary Residence Constructed In 1985 with Carpet Flooring, Asphalt Shingles Roof, Piers Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fireplace, Swimming Pool, Copper Water Pipes, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

68 Years old Married Male who has a Full Time Job with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $1100/7 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $370,000

3 Beds, 3 Bath 2080 sqft Primary Residence Constructed In 1986 with Stone Flooring, Metal Roof, Slab Foundation, Stone Siding, Stucco Construction. Home Features Include Fire Extinguisher, Swimming Pool, Fireplace, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

73 Years old Single Male who is Unemployed and has 1 Pet and is a Non-Smoker

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

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $560/10 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $215,000

3 Beds, 3 Baths 1330 sqft Rental Property Constructed In 1993 with Ceramic Tile Flooring, Membrane Roof, Piers Foundation, Vinyl siding, Wood Frame. Home Features Include Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Married Female who has a Full Time Job with household income of more than $150,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1680/8 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $570,000

5 Beds, 5 Baths 3110 sqft Seasonal Residence Constructed In 1993 with Ceramic Tile Flooring, Membrane Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Smoke Alarm, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

25 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

Germantown, MD Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
20876 $360,300 $740

Germantown Rates & Quotes Analysis:

Germantown Area Estimated House Insurance
Biddeford Ct, Log House Rd, Ferry Landing Cir, Falling Star Ct, White Trellis Ln, Hamlet Square Ct, Thorngate Ln, Mateny Hill Rd, Millhaven Pl, Aspen Dale$749
Crownsgate Cir, Amber Hill Ct, Arena Stage Ct, China Aster Ct, Kilmarnock Way, Stone Pier Ln, Wisteria Dr, Ranworth Dr, Houser, Maryland Manor Ct$737
Amarillo Ct, Bent Creek Ter, Tulip Poplar Ter, Forest Brook Ct, Theseus Ter, Dunstable Cir, Piney Point Pl, Monarch Vista Dr, Esmond Ter, Middleboro Dr$709
Valley Bend Dr, Walter Johnson Rd, Deep Run Ct, Hartsbourne Way, Shipley Ter, Thundercloud, Falconcrest Rd, Fable Dr, Gunners Branch Rd, Afternoon Ln$713
Tattershall Dr, Warrior Brook Dr, Autumn Mist Cir, Schaeffer Rd, Dover Cliffs, Kitchen House Way, Caravan Dr, Steed Ct, Hartsbourne Dr, Clover Meadow Pl$722

Insurance rates are influenced by a number of factors including:

  • Year Built: 11,544 Homes (35% of total homes ) built between 1980 to 1989 in Germantown are paying home insurance between $1,071-$1,081. Places close to Germantown, MD such as Montgomery County, Gaithersburg, Clarksburg are more expensive by $52, $15, $58 respectively while Montgomery Village and Leisure World are cheaper by $15 and $35 respectively for similar homes.
  • Bedrooms: 7,203 4 bedrooms homes (22% of total homes ) in Germantown are paying about $668. Areas near to Germantown such as Montgomery County, Gaithersburg, Clarksburg are costlier by $33, $10, $37 respectively whereas Montgomery Village and Leisure World are more economical by $9, $21 respectively for similar homes.
  • Auto Insurance Bundling: 4,298 Households (19% of all households) in Germantown have 3 or more vehicles available and when it is bundled with home insurance you can save $179. Discounts for similar bundling in close by locations such as Montgomery Village, Montgomery County, Gaithersburg come to $177, $188, $182 respectively.
  • Senior Discounts: 5,451 seniors (more than 55 years) occupied housing units (25% of total) in Germantown get discounts between $107 to $110. The comparative concessions in proximate regions such as Montgomery Village, Montgomery County and Gaithersburg are $106, $112 and $109 respectively.
  • New Homes discounts: New homes such as the 16,484 homes built between 2000 to 2009 in Germantown can save $143 and similar new home insurance discounts in nearby towns and cities like Montgomery Village, Montgomery County and Gaithersburg are $141, $150 and $145 respectively.

Germantown Homeowners insurance Facts

  • Germantown, MD has 21,548 owner occupied houses which is 69.2% of all units whereas Montgomery Village, Montgomery County and Gaithersburg have 73.27%, 68.17% and 58.57% respectively.
  • Germantown, MD homeowners yearly insurance price at $718 is 0.22% of the typical house value of $324,100 which is in contrast with 0.25% in Montgomery Village, 0.17% at Montgomery County & 0.2% in Gaithersburg.
  • Homeowners in Germantown, MD pay 1.25% of their income ($45,000 to $49,999) in insurance whereas homeowners in Montgomery Village, Montgomery County and Gaithersburg pay 1.23%, 1.31% and 1.27% respectively.
  • Germantown, MD’s insurance is 2.7% of monthly housing costs of $2,237/month, for owners with a mortgage compared to 2.91% in Montgomery Village, 2.43% at Montgomery County & 2.65% in Gaithersburg. But, for households without a mortgage, insurance is 10.4% of costs ($576 in Germantown, MD) in contrast with 10.12% in Montgomery Village, 8.18% at Montgomery County & 9.23% in Gaithersburg.

Germantown, MD Home Values & Insurance rates

For example, insurance for 3,339 Homes (22.0% of total homes ) valued between $250,000 to $299,999 in Germantown, MD is about $610. Rates in nearby areas in such as Montgomery County, Gaithersburg, Clarksburg are cheaper by $159, $64, $171 respectively while Montgomery Village and Leisure World are costlier by $62 and $182 respectively for similar homes.

Germantown, MD Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 377 2.0% $50
$100,000 to $124,999 230 1.0% $236
$125,000 to $149,999 479 3.0% $301
$150,000 to $174,999 1,025 6.0% $359
$175,000 to $199,999 1,171 7.0% $409
$200,000 to $249,999 2,753 18.0% $495
$250,000 to $299,999 3,339 22.0% $610
$300,000 to $399,999 5,258 35.0% $768

Renters Insurance in Germantown

  • Average Renters Insurance in Germantown :  $105($8/month)

  • Median Gross Rent in Germantown :  $1,588

  • Germantown Renters Insurance to Median Rent Ratio:  0.5%

  • Average household size of renter-occupied unit :  2.69

Germantown Renters Insurance as a Percentage of Rent

Germantown Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$500 to $749 162 1.0% $1901
$750 to $999 430 4.0% $2651
$1,000 to $1,499 3,205 34.0% $3776
$1,500 or more 5,404 57.0% $5426

Rent Affordability in Germantown:

Approximately 44.0% (4,284) of households are spending more than 35% of their income on gross rent in Germantown

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 660 6.0%
15.0 to 19.9 percent 1,084 11.0%
20.0 to 24.9 percent 1,413 14.0%
25.0 to 29.9 percent 1,096 11.0%
30.0 to 34.9 percent 1,078 11.0%
35.0 percent or more 4,284 44.0%

Germantown Renters Insurance Discounts:

Germantown Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Germantown, MD Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 4,653 48.0% $10.5
2 vehicles available 2,909 30.0% $15.75
3 or more vehicles available 936 9.0% $21.0

Protective device discount in Germantown Up to :  $15

Claims-free discount in Germantown Up to :  $21