Parkville Insurance Rates:

Parkville, MD homeowners insurance is nearly $581 to $788, about $48-$65/month. Our in depth guide shows customers can save as much as $274 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Reasonable Homeowners Insurance in Parkville, MD

The average cost of homeowners insurance in Parkville, MD, is $803. There are a number of factors that affect the cost of homeowners insurance in Parkville, MD. The value of your home is the most important factor. The more valuable your home is, the more it will cost to insure. The age and condition of your home are also important factors. The location of your home is also a crucial factor which can influence home insurance rates. Homes in Parkville, MD, are more expensive to insure than homes in other parts of the state because they are more likely to be damaged by weather events such as hurricanes and tropical storms. The best way to get the best rate on homeowners insurance in Parkville, MD, is to compare rates from different insurance companies. Several websites allow you to compare rates from different insurers. Here are a few tips which can help you reduce the cost of insurance and get you reasonable homeowners insurance in Parkville, MD. 

1. By choosing a higher deductible

Choosing a higher deductible is a great way to reduce homeowners insurance costs. By increasing your deductible, you essentially agree to pay more out-of-pocket expenses in case of a claim. Your homeowner's insurance company will view you as a lower risk and offer you a discount on your premiums. Before choosing a higher deductible, be sure to have an emergency fund in place to cover repairs or replacement costs. A higher deductible can save you money on your premiums, but it can also put you at risk of financial hardship if you are not prepared. In Parkville, MD, homeowners paying a deductible of 500 and 1500 pay a premium of $793.36 and $675.64. In contrast, homeowners paying a deductible of 2000 and 2500 pay $613.33 and $576.55, respectively. Therefore, the higher the deductible, the lower the premium in Parkville, MD. If you are looking for ways to reduce the costs of your homeowner's insurance, then you should consider choosing a higher deductible.

2. By installing security features

Homeowners in Parkville, MD, can save on their insurance costs by installing security features in their homes. Some of the most effective security features include deadbolts, security cameras, and alarm systems. Owners can save money on their insurance premiums by taking measures to protect their homes from burglaries and other crimes. For example, homeowners in Parkville, MD, who have installed security features like sprinkler systems and fire alarms pay $738.76 and $754.82 on their home insurance.


3. By maintaining a zero claims history 

Maintaining a zero claims history is one of the best ways to keep your homeowner's insurance costs down. In Parkville, MD, rates for homeowners insurance can vary widely, and a claims history can make a big difference in what you pay. If you have a claims history, your insurance company may view you as a higher risk and charge you more for coverage. On the other hand, if you have a clean claims history, you may be able to get a discount on your insurance premium. For example, homeowners in Parkville, MD, who have never filed a claim, have to pay a premium of $690.58. In contrast, in Parkville, MD, homeowners with one or two claims must pay $867.24 and $915.42 for their home insurance.

Parkville, MD Homeowners Insurance By Home Value

Parkville, MD Home Value Total Homes % of Total Average Parkville, MD Homeowners Insurance
Less than $50,000 118 1.0% $82
$90,000 to $99,999 157 1.0% $315
$100,000 to $124,999 268 3.0% $369
$125,000 to $149,999 521 6.0% $458
$150,000 to $174,999 1,128 14.0% $548
$175,000 to $199,999 1,724 21.0% $630
$200,000 to $249,999 2,499 31.0% $760
$250,000 to $299,999 1,044 13.0% $924
$300,000 to $399,999 476 5.0% $1178

Top Home Insurance Agents Near Parkville, MD

Home Insurance Company Near Parkville, MD Homeowners Insurance Agency Near Parkville, MD Address
Travelers Coffey & Company Inc 225 SCHILLING CIR STE 260, HUNT VALLEY, MD, 21031
State Farm Dean Sprague 11450 Pulaski Hwy, White Marsh, MD, 21162-1514
State Farm Gene Kim 707 W Broad St, Falls Church, VA, 22046-3221
Nationwide Joseph L Bishop Jr 16829 York Rd, Monkton-Hereford, MD, 21111-1020
Allstate Mantz Miller Ins 1480 Delta Rd, Red Lion, PA, 17356

Parkville, MD Home Insurance Agents for Top Companies

Cost Of Homeowners Insurance By Street Near Parkville, MD

Streets in Parkville Area Homeowners Insurance Cost
California Ave, Linwood Ave, McKenna Ct, Grendon Ln, Wendover Rd, Upridge Ct, Park Pl, Wycliffe Ave, Sperl Ct, Andorra Ct$690
Park Ter, Wentworth Ave, Wentworth Ave, Hiss Ave, Wayne Ave, Wildwood Ave, Queen Anne Dr, Edgewood Rd, Ellen Ave, Bonair Rd$679
Wycliffe Rd, Edgedale Rd, Burridge Rd, Michels Ln, Wycliffe Ave, School Rd, Hillendale Rd, Morven Rd, Meteor Ct, Wentworth Ave$686
Red Oak Rd, Cimarron Cir, Wentworth Rd, Bagley Ct, Beverly Ave, Clearwood Rd, Briarcliff Rd, Neifeld Ave, Linwood Rd, Wycliffe Rd$684
Linganore Ave, Lackawanna Ave, Jacqueline Ln, Hillendale Rd, Dartmouth Ave, Marlborough Dr, Maravoss Ln, Wilker Ave, Topaz Rd, Kendale Rd$678

Parkville, MD Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Parkville$102 to $104

Parkville, MD Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Carney CDP, Maryland $104 $139 $209
Overlea CDP, Maryland $103 $137 $206
Hampton CDP, Maryland $113 $150 $225

Parkville, MD Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Parkville, MD3.9%13.5%

Parkville Renters Insurance as a Percentage of Rent

Parkville Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 73 1.0% $342
$200 to $299 121 2.0% $792
$300 to $499 73 1.0% $1242
$500 to $749 224 5.0% $1917
$750 to $999 1,502 34.0% $2667
$1,000 to $1,499 1,967 45.0% $3792
$1,500 or more 399 9.0% $5442

Average Cost Of Home Insurance By Company In Areas Nearby Parkville For Different Scenarios

Home Value ($) Deductible ($) Construction Type Age of Home (Years) Company Premium ($)
330,000 1,000 Masonry 15 Amica Mutual Insurance Co. 1,747
380,000 1,000 Frame 10 Chubb National Insurance Co. 1,541
380,000 1,000 Frame 10 Erie Insurance Co. 1,235
380,000 1,000 Frame 10 Farmers Mutual Fire Ins. Co. Of Salem Cty 1,137
330,000 1,000 Masonry 15 Homesite Insurance Co. Of The Midwest 1,044
280,000 500 Frame 25 Ids Property Casualty Ins. Co. 1,182
330,000 1,000 Masonry 15 Liberty Insurance Corp. 1,140
240,000 500 Frame 35 Penn National Insurance Co. 1,003
280,000 500 Frame 25 Penn National Insurance Co. 924
280,000 500 Frame 25 Qbe Insurance Corp. 1,026

Parkville, MD Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Parkville Homeowner Insurance Premium Example $1,400$1,000
Out of Pocket Expense During Claim$1,000$3,000
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $10,800$10,000
Net Savings to Parkville Home Owner from High Deductible Plan $800

Parkville, MD Home Insurance Costs With Home Replacement Value Scenarios

Scenario Parkville, MD Home Replacement Value MORE than Home Value Parkville, MD Home Replacement Value LESS than Home Value
Replacement Value $259,500 $167,000
Insurance Premium based on Replacement Value $1,475 $950
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $34,000 Risk Exposure from Under Insuring Coverage is $58,500
Premium Impact Insurance cheaper by $325/year Insurance costlier by $200/year

Example Parkville Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company AllstateLiberty MutualState Farm
Monthly Premium 519446
Year Built 194019771955
Home Details 3 Beds, 2 Baths5 Beds, 4 Baths2 Beds, 1 Baths
Coverage Amount $150000-$175000$400000-$500000$100000-$125000
Deductible $2500-$5000 Deductible$5000 to $10,000 Deductible$1000-$2500 Deductible

Sample Home Insurance Rates for Parkville, MD from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1954 255,000 Shingles Roof 2,380 5 > $10,000 Deductible 440 6 Stucco siding No
1947 150,000 Metal Roof 1,110 2 $500- $1000 Deductible 150 3 Stone Siding No
1978 200,000 Asphalt Shingles Roof 1,560 3 $2500-$5000 Deductible 420 6 Wood siding yes
1953 135,000 Metal Roof 1,310 3 $2500-$5000 Deductible 260 9 Brick siding No
1953 175,000 Asphalt Shingles Roof 1,340 2 $5000 to $10,000 Deductible 450 8 Stucco siding yes
1960 250,000 Shingles Roof 2,080 3 $500- $1000 Deductible 660 7 Fiber-Cement Siding yes
1968 170,000 Asphalt Shingles Roof 1,400 2 $500 Deductible 590 9 Fiber-Cement Siding No
1968 235,000 Tile Roof 2,480 4 $1000-$2500 Deductible 670 7 Stucco siding yes
1973 440,000 Membrane Roof 4,470 5 $500 Deductible 1210 6 Wood siding No
1947 115,000 Tile Roof 940 2 $2500-$5000 Deductible 30 1 Stucco siding No
1962 210,000 Slate Shingles Roof 1,580 2 $5000 to $10,000 Deductible 140 3 Stucco siding yes
1953 180,000 Composition Roof 1,800 3 $2500-$5000 Deductible 240 5 Stone Siding yes
1974 165,000 Metal Roof 1,470 3 $500- $1000 Deductible 650 12 Fiber-Cement Siding No
1945 150,000 Composition Roof 1,480 2 $500- $1000 Deductible 220 5 Fiber-Cement Siding yes
1950 350,000 Composition Roof 2,720 4 $500- $1000 Deductible 1220 9 Stone Siding No
1957 185,000 Asphalt Shingles Roof 1,910 3 $1000-$2500 Deductible 630 10 Vinyl siding yes
1970 145,000 Composition Roof 1,080 2 $500- $1000 Deductible 720 10 Fiber-Cement Siding No
1972 165,000 Metal Roof 1,620 2 $5000 to $10,000 Deductible 90 2 Wood siding yes
1963 120,000 Asphalt Shingles Roof 1,130 2 $500 Deductible 580 10 Wood siding yes
1954 200,000 Metal Roof 1,600 2 $500 Deductible 700 8 Vinyl siding No
1942 190,000 Slate Shingles Roof 1,740 3 $5000 to $10,000 Deductible 490 10 Stucco siding yes
1965 295,000 Composition Roof 2,290 3 $500 Deductible 1870 10 Stone Siding yes
1973 175,000 Composition Roof 1,290 3 $2500-$5000 Deductible 50 1 Brick siding yes
1958 220,000 Wood Shake Roof 1,700 3 $1000-$2500 Deductible 700 10 Fiber-Cement Siding No
1974 360,000 Slate Shingles Roof 3,320 5 $2500-$5000 Deductible 880 7 Fiber-Cement Siding yes
1967 175,000 Tile Roof 1,440 2 $500 Deductible 800 12 Stone Siding yes
1975 160,000 Membrane Roof 1,560 3 $5000 to $10,000 Deductible 130 3 Vinyl siding yes
1950 525,000 Wood Shake Roof 4,630 5 $500 Deductible 560 3 Stucco siding No
1963 225,000 Tile Roof 1,960 4 $1000-$2500 Deductible 290 4 Wood siding No
1979 170,000 Composition Roof 1,340 3 $1000-$2500 Deductible 40 1 Fiber-Cement Siding yes
1952 175,000 Asphalt Shingles Roof 1,370 3 $5000 to $10,000 Deductible 100 2 Stucco siding No
1956 165,000 Slate Shingles Roof 1,250 3 $2500-$5000 Deductible 190 4 Stucco siding yes
1941 245,000 Asphalt Shingles Roof 1,880 4 > $10,000 Deductible 780 10 Vinyl siding No

Latest Home Insurance Reviews

State Farm
premiums are good when you bundle and have a good record, the deductible you can select yourself so that very positive
They are a little bit more expensive, however, they offer additional discounts that can be applied and have offered great help when needed.
I have been with them for over ten years. When my last insurance couldn't help me they came along and assisted me without any hassle whatsoever.
State Farm
My State Farm office is very friendly and knows me when I walk in the door. They are very quick to pay out for claims. They send a real person that you may know to your home to complete inspections.
Farmer's Insurance
Fast great customer service helpful great communication skills
Farmer's Insurance
Farmers has been overall pretty good as my insurance company. The few times I have had to call them they were able to help me in a timely and friendly manner. I have no issues with them.
Farmer's Insurance
Very nice staff in all the local offices i have visited. they all know me or my spouse by name.
Farmer's Insurance
I dislike farmers because they took too long to pay my claim and a lot of hassle to go with it.
The insurance rates are very affordable. when the current policy was compared against a potential new policy at a different company, the quote was almost doubled compared to what i was already paying.
My premium is pretty average for the amount of coverage it gives in this area. Premiums are high here due to flooding risks
State Farm
customer service workers that work in the insurance company business.
State Farm
I really don't have a lot of experience to form a strong opinion.
The USAA website is extremely easy to navigate. If I have a problem and want to talk to a person, I am given a choice to chat online, call the toll free number or leave a message and someone will call me back - usually within 5 minutes.
There is not a whole lot to dislike about USAA, but if I had to chose one thing I would have to say that it would be that they have slightly higher rates than their competitors.
I would strongly recommend this company to anyone looking for insurance. Overall they provide a quality service at a competitive price point.
Erie Insurance
Yes, I would recommend this insurance company. They are fast, reliable, affordable, with a great customer service. It really is a great all in one package.

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