Olney, MD homeowners insurance is about $647 to $883, about $53-$73/month. Our thorough guide indicates shoppers can save upto $306 by comparing multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
| Home Insurance Company Near Olney, MD | Homeowners Insurance Agency Near Olney, MD | Address |
|---|---|---|
| Allstate | Bill Waugh | 9375 Chesapeake St Ste 111, La Plata, MD, 20646 |
| Travelers | Jack Martin Insurance Advisors | 111 Forbes Street, Annapolis, MD, 21401 |
| Erie | Lindquist Insurance | 522 Chesapeake Avenue, Annapolis, MD, 21403 |
| Travelers | Mccrea Hale Insurance Agency Inc | 10680 A CRESTWOOD DR, MANASSAS, VA, 20109 |
| Travelers | Riggs Counselman Michaels & Downes Inc | 555 FAIRMOUNT AVE, BALTIMORE, MD, 21286 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Brookeville town, Maryland | $106 | $141 | $211 |
| Leisure World CDP, Maryland | $87 | $115 | $173 |
| Aspen Hill CDP, Maryland | $92 | $123 | $184 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Olney, MD | 2.4% | 8.9% |
| Brookeville | 1.76% | 9.74% |
| Leisure World | 3.37% | 7.0% |
| Aspen Hill | 2.8% | 9.75% |
| Olney Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 55 | 4.0% | $752 |
| $300 to $499 | 101 | 7.0% | $1202 |
| $500 to $749 | 60 | 4.0% | $1877 |
| $750 to $999 | 36 | 2.0% | $2627 |
| $1,000 to $1,499 | 387 | 28.0% | $3752 |
| $1,500 or more | 704 | 52.0% | $5402 |
| Streets in Olney Area | Homeowners Insurance Cost |
|---|---|
| Clovercrest Way, Ripley Manor Ter, Gooseneck Ter, Lake Norwood, Old Vic, Saint George Way, Carter Mill Way, Town Center Dr, Olney Mill Pl, Buehler Rd | $739 |
| Briars Rd, Honeystone Ct, Ingleside St, Mystic Ct, McGee Way, Minuteman Dr, Sherwood Mills, Leedstown Way, Custis Dr, Marden Ln | $786 |
| Bready Rd, Grayheaven Manor Rd, Megans Way, Muncaster Rd, Brinkwood Rd, Prince Edward Dr, Mount Everest Ln, Marksman Cir, Village Mart Dr, Princess Anne Dr | $780 |
| Winter Laurel Dr, Horizon Pl, Tucker Ln, Upbrook Ct, Spartan Rd, Dubarry Ln, Minuteman Ct, Blankenship Ct, Rams Head Ct, Ethelwood Ter | $794 |
| Barn Ridge Ct, Willow Hill Ln, Stakesburg Pl, Cutlass Dr, Wild Grape Ct, Bowie Mill Rd, Silver Maple Ct, Poplar View Ln, Sandy Knoll Dr, Lindenwood Dr | $841 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Olney | $114 to $117 |
| Brookeville | $127 |
| Leisure World | $104 |
| Aspen Hill | $110 |
| Home Value ($) | Deductible ($) | Construction Type | Age of Home (Years) | Company | Premium ($) |
|---|---|---|---|---|---|
| 400,000 | 1,000 | Masonry | 15 | Encompass Home/Auto Insurance Co. | 1,324 |
| 450,000 | 1,000 | Frame | 10 | Erie Insurance Co. | 1,143 |
| 450,000 | 1,000 | Frame | 10 | Everett Cash Mutual Insurance Co. | 1,648 |
| 400,000 | 1,000 | Masonry | 15 | Farmers Insurance Exchange | 717 |
| 300,000 | 500 | Frame | 35 | Farmers Mutual Fire Ins. Co. Of Salem Cty | 973 |
| 350,000 | 500 | Frame | 25 | Garrison Property & Casualty Ins. Co. | 1,538 |
| 400,000 | 1,000 | Masonry | 15 | Lititz Mutual Insurance Co. | 1,044 |
| 450,000 | 1,000 | Frame | 10 | Metropolitan Group Property And Casualty | 1,677 |
| 350,000 | 500 | Frame | 25 | Ngm Insurance Co. | 880 |
| 450,000 | 1,000 | Frame | 10 | Travelers Home & Marine Insurance Co. | 833 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $1,800 |
| Yearly Olney Homeowner Insurance Premium Example | $3,300 | $2,300 |
| Out of Pocket Expense During Claim | $800 | $1,800 |
| Total Home Insurance Premium for 2 years + Out of Pocket Expense for Claim | $7,400 | $6,400 |
| Net Savings to Olney Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Olney, MD Home Replacement Value MORE than Home Value | Olney, MD Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $688,500 | $468,500 |
| Insurance Premium based on Replacement Value | $4,125 | $2,800 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $110,000 | Risk Exposure from Under Insuring Coverage is $110,000 |
| Premium Impact | Insurance cheaper by $650/year | Insurance costlier by $675/year |
| Insurance Company | Chubb Group of Insurance | Erie Insurance | Travelers |
| Monthly Premium | 191 | 173 | 150 |
| Year Built | 1993 | 2007 | 1989 |
| Home Details | 4 Beds, 1 Baths | 5 Beds, 3 Baths | 4 Beds, 3 Baths |
| Coverage Amount | $400000-$500000 | $800000-$900000 | $500000-$600000 |
| Deductible | $500- $1000 Deductible | > $10,000 Deductible | $5000 to $10,000 Deductible |