Silver Spring, MD Car Insurance

The average monthly cost for car insurance in Silver Spring is about $100. To learn more about policy rates and coverage in the Silver Spring area, continue reading our guide below.
What rates can residents of Silver Spring expect to pay for their car insurance? Compared to their surrounding area, how do rates in Silver Spring stack up? What about against the rest of Maryland? Find the average cost breakdowns and determining factors in the charts and writeups below:  

How much is car insurance in Silver Spring?

Area Average Monthly Car Insurance Premium
Silver Spring$100
MD$120
United States$80

Based on the chart above, you can see that coverage in Silver Spring typically costs about $20 a month less than it does in the rest of Maryland.

Conversely, residents of Silver Spring might expect to pay higher rates for coverage than the rest of the country. It's around $20 more expensive to insure your vehicle in Silver Spring compared to the average rate for the rest of the U.S.

These rates provide a great starting point for understanding what to expect for your monthly payment, but there's no guarantee that this is what you will end up paying. There are numerous factors taken into consideration by insurance companies when deciding the rate you'll pay for coverage. The final dollar amount you'll be asked to pay each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

But don't worry, we've broken down average rates for Silver Spring residents so that you can get a more accurate idea of what you might pay. If you're not certain that you're getting the cheapest rate for your area, just enter your ZIP below to find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$152
25-34$95
35-44$91
45-54$80
55-64$69
65+$58

It makes sense that the older you are, the more experience you have driving, right? That experience can lead to some serious savings when it comes to auto insurance bills. In this case, 18-24-year-olds pay $94 more than someone who is at retirement age.

Every ten years or so you can expect to see a decline in your monthly premium. Drivers in Silver Spring may see their rates climb back up a bit once they hit retirement.

Average Car Insurance Rates by Gender

Gender Average
Male$102
Female$96

Male drivers pay, on average. slightly more than female drivers for auto insurance. This is true in Silver Spring, where male drivers pay about $6 more a month. As you can see in the chart above, car insurance for women in the area typically costs around $96 each month, while men pay $102 on average.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$116
Multiple Accidents$188
1 Ticket$115
Multiple Tickets$193

Depending on your driving record, your rates can vary quite a lot. Those with clean records can expect to pay significantly less than those with infractions. In Silver Spring, having a single accident on your record will usually get you rates around $115 a month. On a similar note, drivers with one ticket on their record will be looking at a monthly rate of about $116 on average.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. That's why it's important to drive safely and keep your record clean so you can keep your rates as low as possible.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$135
2-3 Years$114
4-5 Years$115
6-7 Years$100
8-10 Years$101
11-14 Years$94
15 Years or Older$93

According to the first table above, the cheapest vehicles to insure in Silver Spring are by and large trucks and vans, at $90 per month.

SUV drivers will see rates of about $97 for auto insurance, while car owners typically pay around $101 per month.

Your rates can also vary depending on the age of your vehicle. Overall, newer vehicles are going to be the most expensive to insure. Once your car is a few years old, however, your monthly bill may start to dip back down. The most expensive vehicles to insure in Silver Spring, for example, are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$110
Married$78
Divorced$72
Widowed$57

More often than not, people who are married will pay slightly less to insure their car. This usually boils down to owners having multiple vehicles on the same policy, something that will often get you a discount.

The difference in rates based on relationship status in Silver Spring can be as much as $32 a month, so it's worth keeping that in mind.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$89
Rent$105
Live with parents$114

Another factor taken into consideration is your living accommodations. If you rent your home or apartment, expect to pay around $16 a month more than if you own your own home in Silver Spring. Those who live with their parents, however, can expect to pay a good deal more than their counterparts who rent or own.

Depending on your insurance company, they may offer you a discount if you bundle your home or renters insurance with your auto policy.

Car Insurance Companies in Silver Spring, MD

Recent trends in car insurance for Silver Spring drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before picking an insurance policy.

The rates for auto insurance in Silver Spring rose from 2018-2020, before leveling out in 2021. They finished down in 2021, at $107 a month

How does Silver Spring compare to neighboring areas?

Why are car insurance rates in Silver Spring different from other areas?

When considering how much to charge for coverage, car insurance companies will review a lot of factors. While we already mentioned the ones that affect your personal policy, others are influenced by where you call home. These include things like:

  • Crime
  • Number of car accidents
  • Laws
  • Amount of drivers
  • Access to off-street parking

It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.

How can I find the cheapest car insurance in Silver Spring?

Familiarizing yourself with patterns in the average costs of drivers like you will give you a leg up in conversations with insurance companies. Ultimately, the only way to know exactly what your rate will be is by requesting a quote from those car insurance companies.

But hold on! Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions about you and your car, and you'll be comparing the cheapest quotes from a bulk of the car insurance companies offering plans in Silver Spring.

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Silver Spring Insurance FAQs

What factors affect car insurance quotes in Silver Spring?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your credit score, address, marital status and driving record.

Why is the cost of car insurance in Silver Spring different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like crime rates, parking situations, and local laws -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Silver Spring?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Silver Spring?

Whenever you move to a new area, or experience any other major life event such as getting married or finding a new job, it's always a good idea to re-evaluate your current insurance policy. Certain companies may offer larger discounts in certain cities, so it's a smart idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Silver Spring or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

Find your best rate in just a few minutes