Cumberland, MD homeowners insurance is nearly $558 to $757, about $46-$63/month. Our thorough analysis indicates shoppers can save upto $262 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
| Home Insurance Company Near Cumberland, MD | Homeowners Insurance Agency Near Cumberland, MD | Address |
|---|---|---|
| State Farm | Terry Mclarney | 850 N Mechanic St, Cumberland, MD, 21502-2117 |
| Travelers | The Knepper Agency Inc | 221 W PATRIOT ST, SOMERSET, PA, 15501 |
| State Farm | Vicky Brenneman | 137 Virginia Ave, Cumberland, MD, 21502-3952 |
| Erie | Chaney - Buskirk Agency Inc. | 9998 Frankfort Hwy, Fort Ashby, WV, 26719 |
| Allstate | Gingrich Warren A | 807 Lower Main St, Saxton, PA, 16678 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Ridgeley town, West Virginia | $112 | $149 | $224 |
| Carpendale town, West Virginia | $114 | $152 | $228 |
| Wiley Ford CDP, West Virginia | $112 | $149 | $224 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Cumberland, MD | 5.1% | 14.2% |
| Ridgeley | 8.87% | 24.09% |
| Carpendale | 7.29% | 23.44% |
| Wiley Ford | 7.08% | 27.55% |
| 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 |
| Streets in Cumberland Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Cumberland | $98 to $100 |
| Ridgeley | $134 |
| Carpendale | $137 |
| Bowmans Addition | $98 |
| Home Value ($) | Deductible ($) | Construction Type | Age of Home (Years) | Company | Premium ($) |
|---|---|---|---|---|---|
| 100,000 | 500 | Frame | 45 | Allied Property & Casualty Insurance Co. | 670 |
| 170,000 | 1,000 | Masonry | 25 | Csaa Affinity Insurance Co. | 560 |
| 220,000 | 1,000 | Frame | 15 | Csaa Affinity Insurance Co. | 717 |
| 170,000 | 1,000 | Masonry | 25 | Encompass Home/Auto Insurance Co. | n/a |
| 220,000 | 1,000 | Frame | 15 | Erie Insurance Co. | 721 |
| 170,000 | 1,000 | Masonry | 25 | Esurance Insurance Co. | 612 |
| 220,000 | 1,000 | Frame | 15 | Ngm Insurance Co. | 512 |
| 170,000 | 1,000 | Masonry | 25 | Qbe Insurance Corp. | 860 |
| 120,000 | 500 | Frame | 35 | State Auto Property & Casualty Ins. Co. | 434 |
| 220,000 | 1,000 | Frame | 15 | State Auto Property & Casualty Ins. Co. | 622 |
| Low Deductible | High 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 | |
| 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 |
| Insurance Company | Nationwide Insurance | GEICO Insurance | Erie Insurance |
| Monthly Premium | 38 | 30 | 35 |
| Year Built | 1952 | 1949 | 1967 |
| Home Details | 4 Beds, 2 Baths | 2 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $75000-$100000 | $100000-$125000 |
| Deductible | > $10,000 Deductible | $500- $1000 Deductible | $1000-$2500 Deductible |