Montgomery Village Insurance Rates:

Montgomery Village, MD home insurance is roughly $601 to $815, about $50-$67/month. Our extensive research indicates shoppers can save upto $283 by comparing multiple quotes

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Montgomery Village Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $260/3 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $365,000

4 Beds, 4 Baths 2620 sqft Seasonal Residence Constructed In 1998 with Carpet Flooring, Wood Shake Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Fireplace, Deadbolt Locks, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

60 Years old Married Female who has a Full Time Job with household income of more than $150,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $410/4 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $270,000

3 Beds, 3 Baths 1710 sqft Rental Property Constructed In 1985 with Carpet over wood flooring, Tile Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Deadbolt Locks, Smoke Alarm, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

46 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $140/2 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $290,000

2 Beds, 2 Bath 1620 sqft Primary Residence Constructed In 1990 with Stone Flooring, Tile Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

41 Years old Married Female who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $340/6 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $280,000

2 Beds, 2 Bath 1600 sqft Seasonal Residence Constructed In 1990 with Stone Flooring, Tile Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Indoor Sprinklers, Swimming Pool, Fireplace, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

65 Years old Divorced Female who is a Freelancer with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $460/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $210,000

2 Beds, 2 Bath 1490 sqft Primary Residence Constructed In 1992 with Linoleum, Tile Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fire Extinguisher, Smoke Alarm, Fireplace, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

70 Years old Divorced Female who is a Freelancer with household income of $75-$100,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $140/2 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $480,000

4 Beds, 4 Bath 2860 sqft Vacation Property Constructed In 2003 with Stone Flooring, Tile Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Single Female who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

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

  • 650-699 Credit Score

Home Insurance Rate of $60/1 month for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $255,000

2 Beds, 2 Bath 1540 sqft Seasonal Residence Constructed In 1984 with Hardwood Flooring, Composition Roof, Crawl Space Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Swimming Pool, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

53 Years old Single Male who is Unemployed with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $1120/12 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $235,000

2 Beds, 2 Bath 1420 sqft Rental Property Constructed In 1992 with Carpet Flooring, Metal Roof, Chainwall Foundation, Stucco siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Montgomery Village, MD Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
20886 $289,100 $720

Montgomery Village Rates & Quotes Analysis:

Montgomery Village Area Estimated House Insurance
Bitterfield Ct, Falling River, Aspenwood Pl, Rhodes Way, Stedmall Ct, Winery Ct, Boysenberry Way, Keymar Way, Lost Knife Cir, Tygart Ln$727
Addenbrook Way, Amboy Rd, Judge Pl, Bremerton Way, Fifeshire, Cessna Ct, Gentle Way, Highland Hall Dr, Welbeck Ct, Meadow Fence Rd$704
Tambay Ct, Mastenbrook Pl, Kilcreggan Way, Greenside Ter, Harron Valley Way, Wild Ginger Pl, Silverfield Cir, Odendhal Ave, Seneca Ridge Dr, Giantstep Pl$715
Broadwater Way, Jericho Dr, Sailfish Ter, Otter Cove Ct, Strath-Haven Dr, Canadian Ct, Orbit Dr, Watkins Station Cir, Knoll Mist Ln, Mercado Way$697
Feathertree Way, Fawn Vista Way, Rainbowview Ter, Stewartown Ter, Oak Bluff Dr, Brassie Pl, Desoto Ct, Stalvey Hill, Travis Ln, Boulder Ridge Way$729

Insurance rates are influenced by a number of factors including:

  • Year Built: 5,325 Homes (42% of total homes ) built between 1970 to 1979 in Montgomery Village are paying home insurance between $1,148-$1,159. Places close to Montgomery Village, MD such as Germantown, Montgomery County, Washington Grove are more expensive by $16, $72, $69 respectively while Leisure World and Ballenger Creek are cheaper by $22 and $11 respectively for similar homes.
  • Bedrooms: 3,020 4 bedrooms homes (24% of total homes ) in Montgomery Village are paying about $659. Areas near to Montgomery Village such as Germantown, Montgomery County, Washington Grove are costlier by $9, $42, $40 respectively whereas Leisure World and Ballenger Creek are more economical by $12, $7 respectively for similar homes.
  • Auto Insurance Bundling: 1,466 Households (16% of all households) in Montgomery Village have 3 or more vehicles available and when it is bundled with home insurance you can save $177 and varies from Germantown ($179), Montgomery County ($188), Washington Grove ($187).
  • Senior Discounts: 3,255 seniors (more than 55 years) occupied housing units (37% of total) in Montgomery Village get discounts between $105 to $108. The comparative concessions in proximate regions such as Germantown, Montgomery County and Laytonsville are $107, $112 and $115 respectively.
  • New Homes discounts: New homes such as the 2,153 homes built between 2000 to 2009 in Montgomery Village can save $141 and similar new home insurance discounts in nearby towns and cities like Germantown, Montgomery County and Washington Grove are $143, $150 and $150 respectively.

Montgomery Village Homeowners insurance Facts

  • Montgomery Village, MD has 8,659 owner occupied houses which is 73.3% of all units whereas Germantown, Montgomery County and Washington Grove have 69.15%, 68.17% and 91.9% respectively.
  • Montgomery Village, MD homeowners yearly insurance price at $708 is 0.25% of the typical house value of $288,200 which is in contrast with 0.22% in Germantown, 0.17% at Montgomery County & 0.17% in Washington Grove.
  • Homeowners in Montgomery Village, MD pay 2.57% of their income ($25,000 to $29,999) in insurance whereas homeowners in Germantown, Montgomery County and Laytonsville pay 2.61%, 2.74% and 2.79% respectively.
  • Montgomery Village, MD’s insurance is 2.9% of monthly housing costs of $2,029/month, for owners with a mortgage compared to 2.67% in Germantown, 2.43% at Montgomery County & 2.65% in Washington Grove. But, for households without a mortgage, insurance is 10.1% of costs ($583 in Montgomery Village, MD) in contrast with 10.39% in Germantown, 8.18% at Montgomery County & 8.68% in Washington Grove.

Montgomery Village, MD Home Values & Insurance rates

For example, insurance for 1,872 Homes (28.0% of total homes ) valued between $300,000 to $399,999 in Montgomery Village, MD is about $856. Rates in nearby areas in such as Germantown, Montgomery County, Washington Grove are cheaper by $88, $284, $278 respectively while Leisure World and University Center are costlier by $151 and $66 respectively for similar homes.

Montgomery Village, MD Home By Value Total Homes % of Total Average Homeowners Insurance
$100,000 to $124,999 301 4.0% $269
$125,000 to $149,999 310 4.0% $332
$150,000 to $174,999 586 8.0% $396
$175,000 to $199,999 661 10.0% $460
$200,000 to $249,999 1,232 18.0% $552
$250,000 to $299,999 1,371 21.0% $672
$300,000 to $399,999 1,872 28.0% $856

Renters Insurance in Montgomery Village

  • Average Renters Insurance in Montgomery Village :  $125($10/month)

  • Median Gross Rent in Montgomery Village :  $1,411

  • Montgomery Village Renters Insurance to Median Rent Ratio:  0.71%

  • Renter occupied housing units in Montgomery Village :  3,159

Montgomery Village Renters Insurance as a Percentage of Rent

Montgomery Village Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$500 to $749 53 1.0% $1906
$750 to $999 206 6.0% $2656
$1,000 to $1,499 1,583 50.0% $3781
$1,500 or more 1,256 39.0% $5431

Rent Affordability in Montgomery Village:

Approximately 47.0% (1,489) of households are spending more than 35% of their income on gross rent in Montgomery Village

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 213 6.0%
15.0 to 19.9 percent 391 12.0%
20.0 to 24.9 percent 452 14.0%
25.0 to 29.9 percent 313 9.0%
30.0 to 34.9 percent 301 9.0%
35.0 percent or more 1,489 47.0%

Montgomery Village Renters Insurance Discounts:

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

Number of Vehicles in Montgomery Village, MD Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 1,486 47.0% $12.5
2 vehicles available 817 25.0% $18.75
3 or more vehicles available 193 6.0% $25.0

Montgomery Village Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 223 7.0% $141
60 to 64 years 123 3.0% $112
65 to 74 years 102 3.0% $91
75 years and over 106 3.0% $70

Protective device discount in Montgomery Village Up to :  $18

Claims-free discount in Montgomery Village Up to :  $25