Home Insurance in Montgomery County, Maryland
The median home value in Montgomery County is $640,300, 52% higher than the Maryland median.
The typical home in Montgomery County was built around 1980. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 20% of homes were built before 1960, about 6 points below Maryland's 26%.
The housing stock in Montgomery County is 64% single-family homes and 33% apartments in buildings with 5+ units.
In Montgomery County, about 70% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 65% of occupied homes in Montgomery County are owner-occupied. The vacancy rate is 4%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Montgomery County, 53% of homes are primarily heated with natural gas.
Per FEMA's National Risk Index, Montgomery County's top hazards are winter weather (Very High), strong wind (Relatively High) and hail (Relatively High).
Standard homeowners insurance does not cover flood damage, so flood coverage needs a separate NFIP or private flood policy. As of September 2026, Montgomery County has 2,097 active NFIP flood policies on file.
In Maryland, the statewide average premium for a standard HO-3 homeowners policy is $1,578 per year (NAIC, 2023 data).
Key figures
| Median home value | $640,300 |
|---|---|
| Median year built | 1980 |
| Owner-occupied share | 65% |
| Share of owner-occupied homes with a mortgage | 70% |
| Top hazards (FEMA National Risk Index) | Winter Weather (Very High), Strong Wind (Relatively High), Hail (Relatively High) |
| Active NFIP flood policies (county) | 2,097 |
| Home insurance premium | $1,578 - statewide average (NAIC, 2023 data) |
Towns and cities
- Barnesville
- Brookeville
- Chevy Chase
- Chevy Chase Section Five
- Chevy Chase Section Three
- Chevy Chase View
- Chevy Chase Village
- Gaithersburg
- Garrett Park
- Glen Echo
- Kensington
- Laytonsville
- Martin's Additions
- North Chevy Chase
- Poolesville
- Rockville
- Somerset
- Takoma Park
- Washington Grove
Sources
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)