Insurance Costs in Gaithersburg, MD
Auto insurance in Gaithersburg averages $1,819 per year for full coverage, which is higher than the national average. Here is a detailed breakdown of what residents pay.
Updated July 2026Auto Insurance in Gaithersburg, MD: What You Need to Know
Gaithersburg residents pay an average of $1,819 per year for full coverage auto insurance, which is 5.0% below the Maryland state average and 8.7% above the national average.
With a population of 69,657, Gaithersburg is a growing city in Maryland. Moderate traffic and relatively lower accident rates help keep insurance costs manageable.
Coverage Level Comparison
| Coverage Type | Annual Cost | Monthly Cost |
|---|---|---|
| Full Coverage (100/300/100) | $1,819 | $152 |
| Standard Coverage (50/100/50) | $1,492 | $124 |
| State Minimum (30/60/15) | $764 | $64 |
Homeowners Insurance in Gaithersburg, MD
The average cost of homeowners insurance in Gaithersburg is $1,614 per year ($134/month), which is 11.3% below the national average.
Home insurance costs are influenced by local factors including weather risks (hail, wind, flooding), property values, local building costs, and proximity to fire stations.
Renters Insurance in Gaithersburg, MD
Renters insurance in Gaithersburg averages $204 per year ($17/month). Renters insurance is affordable and protects your personal belongings, provides liability coverage, and may cover temporary living expenses if your rental becomes uninhabitable.
Compare with Other Maryland Cities
How to Save on Insurance in Gaithersburg
- Shop around. Get quotes from at least 3-5 different insurers. Rates in Gaithersburg can vary by $500 or more between companies for the same coverage.
- Bundle auto and home/renters. Many companies offer 10-25% off when you carry multiple policies.
- Increase your deductible. Raising your deductible from $500 to $1,000 can cut your premium by 15-30%.
- Ask about local discounts. Some insurers offer discounts for anti-theft devices, safe driving courses, or parking in a garage.
- Review coverage annually. Your needs change over time. Make sure you are not paying for coverage you do not need.
Frequently Asked Questions
How much is car insurance in Gaithersburg, MD?
The average cost of car insurance in Gaithersburg, MD is $1,819 per year for full coverage, or about $152 per month. Minimum coverage costs around $764 per year.
Is car insurance expensive in Gaithersburg?
Car insurance in Gaithersburg is about average for the U.S.
How much is home insurance in Gaithersburg?
Homeowners insurance in Gaithersburg costs an average of $1,614 per year. Your actual cost depends on your home's value, age, construction type, and specific location.