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20902 Home Insurance Rates & Premiums
Did you know there are over 52,533 people living within the 20902 zip code area? There are over 17,517 occupied dwellings which means many homeowners like you that are interested in lower premiums or better coverage options. At GetHomeInsuranceQuotes.com, we provide a free shopping services online or over the phone. Our process includes the following:
- We will shop up to 12 home insurance companies for free.
- We will apply all discounts and credits to help you save up to 40% or more.
- We will answer any questions that you may.
- We will review the best policy and coverage option in 20902.
Let us help you shop and compare rates today, just enter your zip code to get your free online home insurance quotes. Please give us a call now at 1-855-976-2656, and easily get up to 12 rates over the phone in minutes.
Average homeowners insurance premiums in Maryland are on the rise. The estimated average premium is around $840 a year for a standard homeowners insurance policy in Silver Spring. You can find out more information about home insurance premiums, discounts and crime rate information by clicking your city below.
20902 Home Insurance Average Premiums
$590 /yr.
Shows Zip Code: 20902 lowest rates with discounts applied on average.
For the 20902, 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) | $590 /yr. |
| Average Coverage: | $840 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1140 /yr. |
What is the average home insurance cost for a home in 20902?
- • The average homeowners insurance premium paid annually for a home in 20902 is around $840 per year.
What does it cost on average per month for home insurance in 20902?
- • Homeowners in 20902 pay a monthly average cost per month around $70.00.
What kind of discount could I get if I combine my home and auto insurance together in 20902?
- • Autoowners in 20902 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.
You can easily shop and compare home insurance rates within Silver Spring, check out other zip codes nearby 20902.
To review average rates in another zip code, click on a zip code below:
20902 | 20903 | 20910 | 20905 | 20906 | 20901 | 20904 |
Home Replacement Cost Coverage in 20902
Average Building Cost Per Square Foot in 20902: $190
Location: Silver Spring, Maryland (Montgomery County)Average Square Footage in 20902: 2,241 Sq. Ft.
When building or updating a home, it's always good to review the average cost per square foot to build in 20902 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 20902 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 20902 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,241 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 Status | Price per Sq. Ft. | Square Feet | Dwelling Coverage |
|---|---|---|---|
| Basic Home Features | $190 | 2,241 | $425,700 |
| Additional Upgrades & Added Features | $238 | 2,241 | $532,125 |
| Major Home Updates or Advancements | $285 | 2,241 | $638,550 |
It's important to understand that when you estimate your replacement cost of your home in the 20902 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 20902
Marinari A John Insurance
Address: 11501 Georgia Avenue Suite 101 Silver Spring, MD 20902Phone: (301)946-8888
Website:
Allstate Insurance-Kijoon Shon
Address: 11228 Georgia Ave Ste 3 Wheaton, MD 20902Phone: (301)962-5765
Website: agent.allstate.com/76040
Hykes Insurance Agency Inc
Address: 11141 Georgia Ave Silver Spring, MD 20902Phone: (301)933-3080
Website:
Allstate Insurance - The Duffy Agency
Address: 2413 Blueridge Ave Wheaton, MD 20902Phone: (301)962-9600
Website:
Best Home & Auto Insurance Agencies in 20902
Chris Hondros Insurance Associates
Address: 2410 University Blvd W Silver Spring, MD 20902Phone:
Website: http://www.national.citysearch.com/profile/663292020/silver_spring_md/chris_hondros_insurance_associates.html
Info:
Allstate Insurance-Kijoon Shon
Address: 11228 Georgia Ave, #3 Silver Spring, MD 20902Phone:
Website: http://www.agent.allstate.com/76040
Info:
Hykes Insurance Agency Inc
Address: 11141 Georgia Ave Silver Spring, MD 20902Phone:
Website:
Info:
ACE Cash Express
Address: 11337 Georgia Ave Silver Spring, MD 20902Phone:
Website: http://www.acecashexpress.com/
Info:
Allstate Insurance Company - Kijoon Shon
Address: 11228 Georgia Ave Silver Spring, MD 20902Phone:
Website: http://www.allstateagencies.com/076040?cid=OTC-YP.com-IYP&att=TL
Info:
Housing Demographics for 20902
Population Review for 20902 Zip Code
For the city of Silver Spring, the population within 20902 has increased to over 53,282 residents in population size. The current population total is 52,533. We have broken down the population based on race below. In 20902, there are over 25492 in male population and 27041 females.
| Population | Values |
|---|---|
| Total Population | 52,533 |
| White Population | 18048 |
| Black Population | 9832 |
| Hispanic Population | 19328 |
| Asian Population | 4777 |
| Hawaiian Population | 38 |
| Indian Population | 658 |
| Other Population | 11942 |
| Male Population | 25492 |
| Female Population | 27041 |
| Population Estimate | 53282 |
Household Data for 20902
The average number of homes in 20902 is around 17,517, there are an average of 2.98 per household. The average house value according to local real estate values is around $425,700. Please review the following demographics below for average income and media age.
| Housing / Income Data | Values |
|---|---|
| Households Per Zipcode | 17,517 |
| Persons Per Household | 2.98 |
| Average House Value | $425,700 |
| Income Per Household | $100435 |
| Median Age | 36.4 |
| Median Age Male | 35.3 |
| Median Age Female | 37.6 |
| 20902 Details | Values |
|---|---|
| State | MD |
| State Full Name | Maryland |
| City Type | P |
| City Alias Abbreviation | |
| Area Code | 301/240 |
| City | Silver Spring |
| City Alias Name | SILVER SPRING |
| County | Montgomery |
| County FIPS | 031 |
| State FIPS | 24 |
| Time Zone | 5 |
| Day Light Saving | Y |
| MSA | 8872 |
| PMSA | 8840 |
| CSA | 548 |
| CBSA | 47900 |
| CBSA_DIV | 23224 |
| CBSA_Type | Metro |
| CBSA_Name | Washington-Arlington-Alexandria, DC-VA-MD-WV |
| MSA_Name | Washington-Baltimore, DC-MD-VA-WV CMSA |
| PMSA_Name | Washington, DC-MD-VA-WV PMSA |
| Region | South |
| Division | South Atlantic |
| MailingName | Y |
| Economic & Growth Review | Values |
|---|---|
| Number Of Businesses | 979 |
| Number Of Employees | 9364 |
| Business First Quarter Payroll | 105519 |
| Business Annual Payroll | 493788 |
| Business Employment Flag | |
| Growth Rank | 0 |
| Growth Housing Units 2003 | |
| Growth Housing Units 2004 | |
| Growth Increase Number | 0 |
| Growth Increase Percentage | 0.0 |
| Metropolitan Details | Values |
|---|---|
| CBSA Population | 5582170 |
| CBSA Division Population | 1205162 |
| Congressional District | 08 |
| Congressional LandArea | 859.85 |
| Delivery Residential | 17880 |
| Delivery Business | 864 |
| Delivery Total | 19803 |
| Preferred Last Line Key | V24373 |
| Classification Code | |
| Multi-County | |
| CSA Name | Washington-Baltimore-Arlington, DC-MD-VA-WV-PA |
| CBSA_DIV_Name | Frederick-Gaithersburg-Bethesda, MD |
| City State Key | V24373 |
| Land Area | 7.564000 |
| Water Area | 0.035000 |
| City Alias Code | |
| City Mixed Case | Silver Spring |
| City Alias Mixed Case | Silver Spring |
| Box Count | 0 |
| SFDU | 10741 |
| MFDU | 5081 |
| State ANSI | 24 |
| County ANSI | 031 |
| ZIP Intro | |
| Alias Intro | |
| Facility Code | P |
| City Delivery Indicator | Y |
| Carrier Route Rate Sortation | D |
| Finance Number | 238478 |
| Unique ZIP Name | |
| SSA State County Code | 21150 |
| Medicare CBSA Code | 23224 |
| Medicare CBSA Name | Frederick-Gaithersburg-Rockville, MD |
| Medicare CBSA Type | Metro |
| Market Rating Area ID | 3 |
| County Mixed Case | Montgomery |
Maryland Homeowners Insurance News & Information
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Which state pays the highest home insurance premiums in 2025? Posted on Thursday 24th April, 2025
Recently, Insurify released its third annual American Homeowner Insurance report which offers a detailed forecast of insurance trends in the U.S. for 2025. States that have a high risk of wildfires and severe weather will see the largest increases in homeowners insurance premiums. According to the report, Louisiana will see the largest premium increases with […]
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Top 10 States That Have the Highest Rates of Uninsured Homes Posted on Tuesday 22nd April, 2025
As recent headlines have made clear, climate change has led to more frequent extreme weather events which has led to a rise in homeowner insurance claims. As insurers deal with an increased number of claims, they pass those additional costs onto homeowners via higher premiums, regardless of whether you have filed a claim or not. […]
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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 […]