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Home Insurance Costs with Deductible Scenarios in Gaithersburg, MD & Nearby Areas

Place Name/Near by place Typical Insured Amount ($) High Deductible($)
($2500)
Low Deductible($)
($500)
Gaithersburg, MD $380300 $839 $1,154
Berwyn Heights, MD $285800 $706 $971
Merrifield, VA $483500 $707 $972
Mount Airy, MD $361500 $608 $837
Beltsville, MD $276900 $581 $799
Oak Grove, VA $378100 $815 $1,121
Riverdale Park, MD $254100 $551 $759
College Park, MD $287300 $680 $935
Scaggsville, MD $484100 $709 $975
Burtonsville, MD $380700 $642 $883

Impact of Coverage Amount on Home Insurance Cost In Gaithersburg, MD

Coverage Amount Home Insurance Cost ($)
$100,000 $252
$200,000 $944
$300,000 $1,176
$400,000 $1,530
$500,000 $1,958
$750,000 to $1000,000 $2,264
Above $1000,000 $2,678


Gaithersburg, MD Homeowners Insurance Rates Compared to State & National Average Rates

Average Home Insurance Cost($)
National Average $1224
Gaithersburg, MD Average Home Insurance Cost$1,168.08
State Average Home Insurance Cost$1,008
Difference Vs national Average-55.92

Top Homeowners Insurance Companies in Gaithersburg, MD

Insurance Provider Average Homeowners Insurance Cost($)
USAA $1,197
Erie $1,019
State Farm $896
Travelers $826

Gaithersburg, MD Home Insurance Discounts For Different Number of Claims

Type Discount/Extra Cost in ($) Premium After Claim Payout ($)
Claim Free -164 1005
One Claim +58 1226
Two Claims +164 1332