Home Insurance Costs with Deductible Scenarios in Silver Spring, MD & Nearby Areas

Place Name/Near by place	Typical Insured Amount ($)	High Deductible($) ($2500)	Low Deductible($) ($500)
Silver Spring, MD	$477800	$1095	$1,507
Seat Pleasant, MD	$169300	$544	$748
Cloverly, MD	$471200	$679	$935
Oakton, VA	$604300	$905	$1,246
Laytonsville, MD	$537500	$1305	$1,796
Olney, MD	$491300	$974	$1,340
Wolf Trap, VA	$891100	$589	$811
Leisure World, MD	$196800	$486	$668
Mantua, VA	$746800	$796	$1,095
Herndon, VA	$415700	$636	$875

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Impact of Coverage Amount on Home Insurance Cost In Silver Spring, MD

Coverage Amount	Home Insurance Cost ($)
$100,000	$257
$200,000	$946
$300,000	$1,338
$400,000	$1,614
$500,000	$2,066
$750,000 to $1000,000	$2,389
Above $1000,000	$2,825

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Silver Spring, MD Homeowners Insurance Rates Compared to State & National Average Rates

	Average Home Insurance Cost($) National Average $1224
Silver Spring, MD Average Home Insurance Cost	$1,525.5
State Average Home Insurance Cost	$1,008
Difference Vs national Average	301.5

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Top Homeowners Insurance Companies in Silver Spring, MD

Insurance Provider	Average Homeowners Insurance Cost($)
USAA	$1,197
Erie	$1,019
Travelers	$826
Brethren Mutual	$694

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Silver Spring, MD Home Insurance Discounts For Different Number of Claims

Type	Discount/Extra Cost in ($)	Premium After Claim Payout ($)
Claim Free	-198	1327
One Claim	+107	1632
Two Claims	+183	1709

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