Silver Spring Insurance Rates:

Silver Spring, MD homeowners insurance is roughly $638 to $867, about $53-$72/month. Our in depth guide reveals consumers can save as much as $300 by getting different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

State Farm
I am highly satisfied with the customer service received by State Farm. Recently we had to file a claim. While the situation itself was very stressful and unplanned, State Farm helped every step of the way.
Progressive
My policy was $10 cheaper than the leading brand. My deductible is also less and I'm very happy
Allstate
Overall I am satisfied with Allstate for our home owners insurance needs. We have been with them for over 25 years, so overall yes, I am satisfied with their service.
Erie Insurance
I pay about $600 a year which is more expensive than some, however, my coverage is far better than most other companies.
Usaa
My policy has all of the required coverage for a low price. They cannot even compare to any other company when it comes to pricing.
State Farm
I like how my insurance company has offered discount if you purchase multiple policies and they install certain protective devices in your home like smoke detectors and that's a plus.
Allstate
The price is higher than most other insurance companies that i have looked for but i feel that the price is worth the quality.
Progressive
The rates are affordable. there are multiple discounts available, such as multiple policies, military, and student discounts. the longer you stay with progressive, the more affordable your rate could potentially become.
Usaa
The website is organized and easy to follow and find things. The downside is that it has a lot of information that I don't need or use which sometimes makes it harder to find what I need quickly.
Safeco Insurance
I have had the same rep. For over 20 years. I have (knock on wood) only filed one claim and that was on a stolen car. My rep has always handled my requests and questions quickly and professionally.
State Farm
I like the skill of the agent. It seemed like she had been in the insurance sale work for a good amount of time. Whatever random question I asked she was able to tell me almost immediately.
Usaa
The coverage, price, ease of making payments, ease of contacting customer service, mobile app, fast, friendly, professional service.
Erie Insurance
It is convenient and easy to use. I can pay my premium online. But, there is no much information available on the company's website/mobile app.
Allstate
I find that the premiums are too expensive and are going up unnecessarily each year especially since I have not made any claims. Every home repair I find would be cheaper, in the long run, to pay out of pocket and not file a claim and risk getting gouged more from the insurance company.
Usaa
I would recommend USAA. They have been very responsive and our premiums have been fair. In my experience, they also timely pay claims (often within 24 hours of submitting the claim).
Usaa
I just really like my insurance agency. Very easy to talk to, even when I call about if there are any changes available to give me. I also like that they don't get into politics and social justice stuff.
Progressive
Based off the price of progressive, I actually recommend it to everyone who is looking for a good insurance for home and other reasons.
Usaa
I would recommend this company to other potential customers as long as they qualify because of all that they offer.
Usaa
The monthly payments for both my car and my house is less than $100! They are a great company and very inexpensive.

Silver Spring, MD Homeowners Insurance By Home Value

Silver Spring, MD Home Value Total Homes % of Total Average Silver Spring, MD Homeowners Insurance
Less than $50,000 110 2.0% $37
$100,000 to $124,999 90 2.0% $180
$125,000 to $149,999 82 1.0% $225
$150,000 to $174,999 210 4.0% $263
$175,000 to $199,999 163 3.0% $308
$200,000 to $249,999 755 16.0% $368
$250,000 to $299,999 953 21.0% $451
$300,000 to $399,999 1,992 44.0% $579

Top Home Insurance Agents Near Silver Spring, MD

Home Insurance Company Near Silver Spring, MD Homeowners Insurance Agency Near Silver Spring, MD Address
State Farm Chris Hosaflook 513 Maple Ave W, Vienna, VA, 22180-4238
Erie Lindquist Insurance 522 Chesapeake Avenue, Annapolis, MD, 21403
Erie Michael Sprague & Associates 200-A E Mount Harmony Road, Owings, MD, 20736
Allstate Mike Duffy 15320 Spencerville Ct Ste 202, Burtonsville, MD, 20866
Travelers R Jackson Ratcliffe Inc 9404 BATTLE ST, MANASSAS, VA, 22110

Silver Spring, MD Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Silver Spring, MD

Streets in Silver Spring Area Homeowners Insurance Cost
Pennsylvania Ave, Cloverfield Rd, Pinecrest Cir, Kimes St, Greenwood Cir, Edinburgh Ln, Kodiak Dr, Houston Ave, Haddon Dr, Denver Rd$758
Croydon Ct, Northampton, Pershing Dr, Moffet Rd, Geren Rd, Greyrock Dr, Newell St, Rosemary Hills Dr, Brewster Ct, Wendell St$800
Ellsworth Ct, Apple Ave, Lawndale Dr, Noyes Ct, Avenel Rd, Parham Pl, Mississippi Ave, Ashford Rd, Montgomery St, Talbot$799
Ament, Seminary Pl, Hale Pl, E Hamilton Ave, Mt Pisgah Ln, Dixon Ave, State Hwy 390, Oakford Pl, Three Oaks Dr, Ross Rd$762
N Springwood Dr, Oswego Ave, Hartford, Queen Annes Dr, Miles St, Eastridge Ave, Riley Pl, Lawson Pl, Wildwood Dr, Sligo Ave$763

Silver Spring, MD Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Silver Spring$112 to $115
Four Corners$111
Takoma Park$113
Langley Park$103

Silver Spring, 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
Four Corners CDP, Maryland $112 $149 $224
Forest Glen CDP, Maryland $111 $148 $222
Takoma Park city, Maryland $113 $151 $227

Silver Spring, 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
Silver Spring, MD2.5%9.5%
Four Corners2.62%11.34%
Forest Glen2.68%9.79%
Takoma Park2.46%7.9%

Silver Spring Renters Insurance as a Percentage of Rent

Silver Spring Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 221 1.0% $309
$200 to $299 187 1.0% $759
$500 to $749 179 1.0% $1884
$750 to $999 1,505 8.0% $2634
$1,000 to $1,499 8,779 50.0% $3759
$1,500 or more 6,268 36.0% $5409

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

Home Value ($) Deductible ($) Construction Type Age of Home (Years) Company Premium ($)
360,000 500 Frame 25 Amica Mutual Insurance Co. 1,472
410,000 1,000 Masonry 15 Amica Mutual Insurance Co. 1,546
460,000 1,000 Frame 10 Brethren Mutual Insurance Co. 1,078
410,000 1,000 Masonry 15 Farmers Mutual Fire Ins. Co. Of Salem Cty 1,189
410,000 1,000 Masonry 15 Ids Property Casualty Ins. Co. 1,094
460,000 1,000 Frame 10 Ids Property Casualty Ins. Co. 979
460,000 1,000 Frame 10 Penn National Insurance Co. 986
460,000 1,000 Frame 10 Privilege Underwriters Reciprocal Exch. 1,468
360,000 500 Frame 25 Qbe Insurance Corp. 1,354
460,000 1,000 Frame 10 Travelers Home & Marine Insurance Co. 1,023

Silver Spring, MD Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$600$2,600
Yearly Silver Spring Homeowner Insurance Premium Example $2,200$1,700
Out of Pocket Expense During Claim$600$2,600
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $16,000$14,500
Net Savings to Silver Spring Home Owner from High Deductible Plan $1,500

Silver Spring, MD Home Insurance Costs With Home Replacement Value Scenarios

Scenario Silver Spring, MD Home Replacement Value MORE than Home Value Silver Spring, MD Home Replacement Value LESS than Home Value
Replacement Value $336,500 $230,000
Insurance Premium based on Replacement Value $1,975 $1,350
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $65,000 Risk Exposure from Under Insuring Coverage is $41,500
Premium Impact Insurance cheaper by $225/year Insurance costlier by $400/year

Example Silver Spring Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company Farmers InsuranceErie InsuranceGEICO Insurance
Monthly Premium 102156168
Year Built 197719621944
Home Details 5 Beds, 2 Baths4 Beds, 1 Baths2 Beds, 1 Baths
Coverage Amount $250000-$300000$350000-$400000$350000-$400000
Deductible $500- $1000 Deductible$500 Deductible$500 Deductible

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

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1950 695,000 Slate Shingles Roof 2,640 4 $5000 to $10,000 Deductible 1340 7 Vinyl siding No
1975 660,000 Slate Shingles Roof 3,600 5 $500 Deductible 380 2 Stone Siding No
1947 960,000 Metal Roof 4,210 5 $5000 to $10,000 Deductible 260 1 Vinyl siding No
1967 215,000 Metal Roof 920 2 > $10,000 Deductible 250 7 Wood siding yes
1980 320,000 Tile Roof 1,810 5 $500 Deductible 110 1 Fiber-Cement Siding yes
1958 380,000 Slate Shingles Roof 1,990 5 $500 Deductible 970 8 Fiber-Cement Siding yes
1974 405,000 Shingles Roof 1,530 3 $1000-$2500 Deductible 890 7 Brick siding yes
1968 470,000 Metal Roof 2,410 4 $5000 to $10,000 Deductible 550 5 Fiber-Cement Siding yes
1961 295,000 Membrane Roof 1,600 2 > $10,000 Deductible 290 5 Stone Siding yes
1951 335,000 Membrane Roof 1,450 2 > $10,000 Deductible 290 4 Fiber-Cement Siding yes
1975 555,000 Wood Shake Roof 2,910 4 $5000 to $10,000 Deductible 1060 10 Wood siding No
1947 365,000 Tile Roof 1,610 3 $2500-$5000 Deductible 1100 10 Stone Siding yes
1952 340,000 Asphalt Shingles Roof 1,300 2 $2500-$5000 Deductible 470 6 Stone Siding No
1962 540,000 Shingles Roof 3,030 4 $2500-$5000 Deductible 910 7 Fiber-Cement Siding yes
1944 555,000 Tile Roof 2,250 3 > $10,000 Deductible 1290 9 Fiber-Cement Siding No
1989 265,000 Tile Roof 1,070 2 > $10,000 Deductible 510 9 Wood siding yes
1989 805,000 Composition Roof 3,250 4 $2500-$5000 Deductible 1720 7 Stucco siding yes
1946 285,000 Asphalt Shingles Roof 1,510 2 $500- $1000 Deductible 70 1 Wood siding No
1955 650,000 Wood Shake Roof 3,120 4 $1000-$2500 Deductible 590 2 Brick siding yes
1972 445,000 Composition Roof 1,990 4 > $10,000 Deductible 390 4 Stone Siding yes
1986 365,000 Wood Shake Roof 1,610 3 $500- $1000 Deductible 1380 8 Wood siding No
1984 590,000 Wood Shake Roof 3,270 5 $1000-$2500 Deductible 2930 12 Stone Siding No
1964 240,000 Wood Shake Roof 1,340 2 $1000-$2500 Deductible 860 12 Stucco siding yes
1971 290,000 Tile Roof 1,520 2 $500 Deductible 320 3 Fiber-Cement Siding No
1984 420,000 Metal Roof 1,960 4 > $10,000 Deductible 570 7 Stucco siding No
1943 405,000 Membrane Roof 1,550 2 $1000-$2500 Deductible 1420 10 Vinyl siding No
1952 405,000 Slate Shingles Roof 1,630 3 $500- $1000 Deductible 460 3 Fiber-Cement Siding yes
1963 850,000 Wood Shake Roof 3,240 4 $500 Deductible 1190 3 Fiber-Cement Siding yes
1949 395,000 Metal Roof 1,670 2 $500- $1000 Deductible 1330 10 Stucco siding yes
1987 235,000 Membrane Roof 900 2 $2500-$5000 Deductible 600 10 Stucco siding No
1959 415,000 Tile Roof 1,690 4 $500- $1000 Deductible 180 1 Stucco siding yes
1987 470,000 Wood Shake Roof 2,480 4 > $10,000 Deductible 810 7 Fiber-Cement Siding No
1947 845,000 Slate Shingles Roof 4,090 5 $5000 to $10,000 Deductible 3360 12 Stucco siding yes
1943 395,000 Wood Shake Roof 1,720 2 $2500-$5000 Deductible 1040 9 Wood siding No

How To Make Your Silver Spring, MD Home Insurnace Cheaper