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20903 Home Insurance Quotes, Rates & Coverage

Are you looking for the right homeowners insurance policy at an affordable price for your home in 20903? There are over 6,783 occupied homes in the 20903 area. With a population size of 24,103, it's not uncommon for residence of Silver Spring, MD to want to find cheaper home insurance rates online. The average premium for a standard HO-3 home insurance policy for homeowners living in Maryland is around $803 per year. At GetHomeInsuranceQuotes.com, we help you easily compare up to 12 home insurance rates from the top rated insurance companies. We also help you save money by applying all the home insurance credits and discounts available helping you save up to 40% or more on your next homeowners policy. Enter your 20903 zip code today to compare multiple rates and coverage options for your existing policy or a new home purchase.

For additional information about average home insurance rates, premiums or home insurance types, please review your city information: Silver Spring, MD Home Insurance Rate Quotes

20903 Home Insurance Average Premiums

Local 20903 homeowners insurance quotes comparison

$553 /yr.

Shows Zip Code: 20903 lowest rates with discounts applied on average.

For the 20903, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)
$553 /yr.
Average Coverage:$803 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1103 /yr.

What is the average home insurance cost for a home in 20903?

  • • The average homeowners insurance premium paid annually for a home in 20903 is around $803 per year.

What does it cost on average per month for home insurance in 20903?

  • • Homeowners in 20903 pay a monthly average cost per month around $67.00.

What kind of discount could I get if I combine my home and auto insurance together in 20903?

  • • Autoowners in 20903 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Silver Spring area, check out other zip codes nearby 20903.
Review average rates in another zip code:
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Home Replacement Cost Coverage in 20903

Average Building Cost Per Square Foot in 20903: $190

Location: Silver Spring, Maryland (Montgomery County)

Average Square Footage in 20903: 2,143 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 20903 before you start any project. Silver Spring homeowners pay on average around $190 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 20903 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 20903 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,143 sq. ft. and the average cost to rebuild the home in this area is around $190 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Silver Spring area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1902,143$407,100
Additional Upgrades & Added Features$2382,143$508,875
Major Home Updates or Advancements$2852,143$610,650

It's important to understand that when you estimate your replacement cost of your home in the 20903 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 20903

Best Home & Auto Insurance Agencies in 20903

Gary L Regotti - Nationwide Insurance

Address: 1620 Elton Rd, #200 Silver Spring, MD 20903
Phone:
Website: http://www.nationwide.com/agent/Silver-Spring-MARYLAND-insurance-agent/gary-regotti/office.html
Info:

Palmiotto, Michael - State Farm Insurance Agent

Address: 1734 Elton Rd, Ste 115 Silver Spring, MD 20903
Phone:
Website: http://www.national.citysearch.com/profile/external/634685850/silver_spring_md/palmiotto_michael_state_farm_insurance_agent.html
Info:

Rockledge Insurance Group, Llc

Address: 1751 Elton Rd, #201 Silver Spring, MD 20903
Phone:
Website: http://www.national.citysearch.com/profile/666590480/silver_spring_md/rockledge_insurance_group_llc.html
Info:

The Nap Agency

Address: 10230 New Hampshire Ave Silver Spring, MD 20903
Phone:
Website:
Info:

Allstate Insurance Company - Marisa Alonso

Address: 1717 Elton Rd Silver Spring, MD 20903
Phone:
Website: http://www.allstateagencies.com/048666?cid=OTC-YP.com-IYP&att=TL
Info:

Housing Demographics for 20903

Population Review for 20903 Zip Code

For the city of Silver Spring, the population within 20903 has increased to over 24,780 residents in population size. The current population total is 24,103. We have broken down the population based on race below. In 20903, there are over 12263 in male population and 11840 females.

PopulationValues
Total Population24,103
White Population2981
Black Population6415
Hispanic Population12929
Asian Population2172
Hawaiian Population7
Indian Population590
Other Population8939
Male Population12263
Female Population11840
Population Estimate24780

Household Data for 20903

The average number of homes in 20903 is around 6,783, there are an average of 3.54 per household. The average house value according to local real estate values is around $407,100. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode6,783
Persons Per Household3.54
Average House Value$407,100
Income Per Household$74607
Median Age33.0
Median Age Male32.0
Median Age Female34.0
20903 DetailsValues
StateMD
State Full NameMaryland
City TypeP
City Alias Abbreviation
Area Code301
CitySilver Spring
City Alias NameSILVER SPRING
CountyMontgomery
County FIPS031
State FIPS24
Time Zone5
Day Light SavingY
MSA8872
PMSA8840
CSA548
CBSA47900
CBSA_DIV23224
CBSA_TypeMetro
CBSA_NameWashington-Arlington-Alexandria, DC-VA-MD-WV
MSA_NameWashington-Baltimore, DC-MD-VA-WV CMSA
PMSA_NameWashington, DC-MD-VA-WV PMSA
RegionSouth
DivisionSouth Atlantic
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses272
Number Of Employees3450
Business First Quarter Payroll42395
Business Annual Payroll189958
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population5582170
CBSA Division Population1205162
Congressional District04|08
Congressional LandArea297.81|859.85
Delivery Residential7000
Delivery Business227
Delivery Total9285
Preferred Last Line KeyV24373
Classification Code
Multi-CountyY
CSA NameWashington-Baltimore-Arlington, DC-MD-VA-WV-PA
CBSA_DIV_NameFrederick-Gaithersburg-Bethesda, MD
City State KeyV24373
Land Area3.410000
Water Area0.001000
City Alias Code
City Mixed CaseSilver Spring
City Alias Mixed CaseSilver Spring
Box Count0
SFDU3550
MFDU3420
State ANSI24
County ANSI031
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number238478
Unique ZIP Name
SSA State County Code21150
Medicare CBSA Code23224
Medicare CBSA NameFrederick-Gaithersburg-Rockville, MD
Medicare CBSA TypeMetro
Market Rating Area ID3
County Mixed CaseMontgomery

Maryland Homeowners Insurance News & Information

  • 2025 Spring Cleaning Insurance Tips for Homeowners Posted on Monday 31st March, 2025

    Spring is here, the days are getting longer, the weather is warming up and the trees are starting to bud. All of this makes it a great time for homeowners to knock out some spring cleaning and home maintenance.  We thought it might be a good idea to look at some spring cleaning and maintenance […]

  • Homeowners Now Use This Strategy To Save Money on Home Insurance. Is It a Good Idea? Posted on Wednesday 26th March, 2025

    According to a new Market Watch article, homeowners who are struggling with the cost of higher homeowner insurance premiums are making the move to policies with higher deductibles to help lower their costs. While this strategy may work for some, it is not the best idea for everyone.  Data from the Intercontinental Exchange (ICE) showed […]

  • Florida Homeowners With Insurance Are Struggling to Get Claims Paid – Why? Posted on Wednesday 19th March, 2025

    According to a recent Moneywise article, homeowners with insurance coverage in Florida are struggling to get claims paid.  Chad Zalva, a single dad in Riverview, Florida, was cited as an example in the article as a homeowner who is carrying homeowners insurance but was recently surprised to learn that the damage to his home from […]