Silver Spring, MD Car Insurance

On average, drivers in Silver Spring pay around $103 per month for their car insurance. We cover plan rates, policies and more in our guide below.
Map of cities where drivers can find cheaper car insurance
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What can Silver Spring residents expect to pay for their car insurance? How does Silver Spring stack up to the rest of the area, or even Maryland as a whole? 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$103
MD$122
United States$81

Based on the chart above, you can see that coverage in Silver Spring typically costs about $19 a month less than it does in the rest of Maryland.

That being said Silver Spring residents will likely pay higher rates for their insurance policy than the rest of the country. It's around $22 more expensive for coverage in Silver Spring than the average rates seen in the rest of the U.S.

Bear in mind that while these rates represent the expected monthly payments for residents of Silver Spring, it doesn't mean that's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Your policy's monthly price is calculated off of your age, gender, vehicle make and model, driving record, and in some cases, your credit score.

But don't worry, we've broken down the average rate for Silver Spring residents based on several different factors so that you can get a more accurate idea of your policy's monthly premium. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!


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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$158
25-34$99
35-44$91
45-54$81
55-64$71
65+$61

The longer you've been behind the wheel, the more experienced of a driver you are. When it comes to car insurance bills, that experience pays off. According to the table above, you can see that 18-24-year-olds pay two times the price that drivers 65 and older.

For every 10 years, you can expect to see a drop in your monthly premium. As you get closer to retirement, however, you may see your rates creep back up a bit in Silver Spring.

Average Car Insurance Rates by Gender

Gender Average
Male$105
Female$98

Car insurance rates for women are generally cheaper than they are for men. The difference in average rates in Silver Spring totals about $7 a month. As you can see in the table above, male drivers in the area typically pay $105 on average, while female drivers typically pay $98 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$122
Multiple Accidents$184
1 Ticket$107
Multiple Tickets$165

One of the biggest factors in determining your car insurance rates is your driving record. Drivers who avoid accidents and tickets will pay much lower rates than those with infractions. In Silver Spring, drivers with one accident on their record will experience rates around $122 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $107.

Accidents, tickets, and other driving infractions can cost you some serious cash. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$132
2-3 Years$117
4-5 Years$120
6-7 Years$100
8-10 Years$102
11-14 Years$98
15 Years or Older$96

If you look at the first table above, the cheapest vehicles to insure in Silver Spring are typically trucks and vans, at $91 per month.

SUV drivers will see rates of about $98 for car insurance, while car owners usually pay around $104 per month.

In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old however, your rates may start to dip back down a bit. In Silver Spring, the most expensive vehicles to insure are vehicles less than one year old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$113
Married$80
Divorced$73
Widowed$58

More often than not, married policyholders will pay slightly less for auto insurance coverage. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.

At a national level, married drivers usually pay less than single drivers for auto insurance. This holds true for Silver Spring as well, where the difference is around $33 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$89
Rent$109
Live with parents$114

Another factor that comes into play is your living accommodations. If you rent your home or apartment, expect to pay around $20 a month more than homeowners in Silver Spring. But if you live with your parents, your rates will be significantly higher.

That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.

Car Insurance Companies in Silver Spring, MD

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.

Car insurance rates in Silver Spring went up from 2017-2020, but began to decrease in 2021. This trend has continued through the present where they reached a low of $101 a month.

How does Silver Spring compare to neighboring areas?

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

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:

  • Number of drivers in the area
  • Off-street parking accessibility
  • Crime rates
  • Regional laws
  • Road Safety (total number of local car accidents)

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Realizing 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 corner of the world.

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

In the end, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies. Understanding what the average costs are for drivers prior to seeking out a quote can help you understand how closely the quote reflects local trends.

Don't worry, Compare.com does all of that work for you. Just enter your ZIP Code below, answer a few questions related to the factors we outlined above, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering coverage in Silver Spring.


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Silver Spring Insurance FAQs

What factors affect car insurance quotes in Silver Spring?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, address, credit score, and marital status.

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, local laws, and parking situations -- 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?

Since the factors that car insurance companies take into consideration when calculating the rate you might pay differ from person to person, there is no one insurance company that will offer the cheapest rate to everybody. Things like your driving record, the number of drivers on the policy, and vehicle make and model, plus a number of others, are all taken into account. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

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

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good 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.

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