)
)
Plutus Award winner
Over 12 years writing about insurance and personal finance
Emily is a Plutus Award-winning freelance writer and former educator who makes complex financial topics easy to understand. She specializes in the science behind money habits and has written for outlets like The Huffington Post, Business Insider, and The Washington Post.
Featured in
)
)
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
Featured in
)
)
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in
)
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
Updated
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
Table of contents
Maryland homeowners pay an average of $157 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data. The national average is $215 per month for the same level of coverage.
Maryland experiences many different types of weather, from hurricanes to severe winter storms to the occasional earthquake.[1] But flooding is one of the most common perils Maryland residents face, and standard homeowners insurance doesn’t include protection against flood damage. You may need flood insurance in addition to your home insurance policy.
If you’re a Maryland homeowner, here’s what you need to know about finding the best home insurance company for your needs.
Travelers, USAA, and Erie are among the best Maryland homeowners insurance companies.
You can find the cheapest homeowners insurance with Travelers, which charges an average of $95 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
Baltimore typically sees less than 20 inches of snowfall per year, while Oakland, in the mountains of western Maryland, sees nearly 105 inches of snow each winter.[2]
Best home insurance companies in Maryland
A number of quality home insurance companies serve Maryland homeowners, and the best home insurance company for you will depend on your specific coverage needs and situation. To find the right policy for your needs, start your search with the five companies below.
Travelers: Best for eco-friendly homeowners
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $95/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $161/mo |
Travelers is a good fit for Maryland homeowners, since the state was recently ranked the fourth most eco-friendly state in the nation. This insurer offers optional green home coverage, which will pay to repair or replace your home with eco-friendly materials after a covered loss.
Travelers offers endorsements to protect especially valuable personal property, like jewelry, electronics, or collectibles. You can also add identity theft protection in case you’re the victim of identity fraud.
Green home coverage repairs your home with eco-friendly materials
Quotes available online
Highly rated mobile app
Below-average J.D. Power customer satisfaction rating
Fewer home insurance discounts compared to competitors
Above-average number of complaints with the National Association of Insurance Commissioners (NAIC)
USAA: Best for military members
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $110/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $158/mo |
Maryland is home to more than 360,000 military veterans and another 100,000 active-duty service members, all of whom may want to insure their homes with USAA.[3] This insurer is known for its affordable rates, home and auto insurance bundling, multiple discounts, and numerous home insurance coverage options, such as standard replacement cost coverage.
USAA also offers special coverage to active duty or reserve military members: If a covered loss damages or destroys your personally owned military clothing or belongings, you don’t have to pay the deductible.
Industry-leading J.D. Power customer satisfaction rating
AM Best Financial Strength Rating of A++ (Superior)
Highly rated mobile app
Available only to military members, veterans, and their families
Poor reviews on Trustpilot
No 24/7 customer service
Erie: Best for flood insurance
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.4/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $162/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $235/mo |
Just 1 inch of flood water can cause approximately $25,000 in damage to your home. If you’d like to get your homeowners insurance and your flood insurance through the same insurance agent, Erie may be your best bet.
In addition to providing standard coverage plus optional coverage add-ons, Erie sells separate flood insurance policies that protect your home and foundation, electrical and plumbing systems, appliances, and personal possessions in case of flood damage.
High J.D. Power customer satisfaction rating
Standard coverage includes guaranteed replacement cost
Low number of complaints with the NAIC
Homeowners insurance quotes not available online
Limited coverage and discount information on website
Poorly rated mobile app
Chubb: Best for premium coverage
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $147/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $238/mo |
Chubb made its name insuring luxury homes, but it also offers an affordable homeowners insurance policy to policyholders with more median-value homes. All Chubb’s customers get access to its replacement cost coverage, which doesn’t factor in depreciation when replacing damaged items. The company also offers extended replacement cost coverage, which pays to repair or rebuild your home to its original condition, even if the cost exceeds your policy limit.
Additionally, Chubb’s loss of use coverage will help you find comfortable temporary living arrangements within the same school district and help cover additional living expenses if your home is uninhabitable during repairs.
Free home appraisal services
High J.D. Power customer satisfaction rating
Premium loss of use coverage
Homeowners insurance quotes not available online
Fewer customizable coverage options
Not the cheapest insurer in Maryland
Nationwide: Best for bundling
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.4/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $175/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $258/mo |
Nationwide offers a tempting discount when you bundle a home or renters insurance policy with an auto insurance policy. If you’re looking for a one-stop shop for your Maryland homeowners insurance and your car insurance, Nationwide might be a good fit.
With Nationwide, you can get personal liability coverage for things like medical payments if someone gets hurt on your property, in addition to standard coverage options.
Strong network of local agents
Numerous available discounts
A (Excellent) Financial Strength Rating from AM Best
Must speak to an insurance agent to get a quote
High number of complaints with the NAIC
Poor reviews on Trustpilot
Our editorial team analyzed dozens of regional and national home insurance companies that sell policies in Maryland to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance in Maryland
Travelers is the cheapest homeowners insurance company in Maryland, on average. But a different insurer may be most affordable for your unique situation. That’s why it’s important to compare quotes from multiple insurers before choosing your next policy.
The insurance companies listed in the table below offer the lowest home insurance rates in Maryland.
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $1,192 |
| USAA | $1,380 |
| State Farm | $1,669 |
| Chubb | $1,845 |
| Erie | $2,033 |
| Nationwide | $2,196 |
| Allstate | $2,409 |
| Encompass | $2,786 |
Find Cheap Home Insurance in Maryland
Compare rates from the nation’s leading insurance companies
How much does homeowners insurance cost in Maryland?
The average cost of home insurance in Maryland is $157 per month for a policy with $300,000 in dwelling coverage and a $1,000 deductible, which is lower than the national monthly average of $215.
A number of factors affect the cost of Maryland homeowners insurance, including:
Weather
Maryland experiences a variety of weather hazards, including hurricanes, windstorms, winter storms, and even occasional earthquakes. Standard coverage may not offer full protection, and homeowners may need flood insurance, earthquake insurance, and other optional coverages.
Home age
An older home typically costs more to insure than a newer one, and many insurers will offer you a discount for insuring a new house.
Construction
The materials used to build your home also affect your premiums because the quality of the materials can affect everything from your risk of loss to your replacement cost. Research shows 30% of Maryland homes are constructed with brick, which tends to be more resistant to windstorm damage.
Deductible choices
A higher deductible means a smaller premium because you’re taking on more of the up-front risk yourself. Just be sure you can afford to pay the deductible if you need to file a claim.
Cheapest home insurance companies in Maryland by dwelling coverage
If a covered peril damages or destroys your home’s structure, your dwelling coverage will help you pay to repair or replace the damage. A higher dwelling coverage limit means higher home insurance rates.
Here you can see how the coverage limit you choose in Maryland can affect your monthly home insurance premiums. Rates shown below are for policies with a $1,000 deductible.
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $828 |
| USAA | $1,067 |
| Chubb | $1,192 |
| State Farm | $1,255 |
| Erie | $1,343 |
| Nationwide | $1,569 |
| Allstate | $1,794 |
| Encompass | $1,995 |
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $1,192 |
| USAA | $1,380 |
| State Farm | $1,669 |
| Chubb | $1,845 |
| Erie | $2,033 |
| Nationwide | $2,196 |
| Allstate | $2,409 |
| Encompass | $2,786 |
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $1,983 |
| Travelers | $2,020 |
| State Farm | $2,434 |
| Erie | $2,949 |
| Chubb | $2,987 |
| Nationwide | $3,238 |
| Allstate | $3,526 |
| Encompass | $4,317 |
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $2,673 |
| Travelers | $3,175 |
| State Farm | $3,350 |
| Erie | $4,304 |
| Chubb | $4,417 |
| Nationwide | $4,505 |
| Allstate | $4,643 |
| Encompass | $6,262 |
Maryland homeowners insurance cost by city
The city where you live can make a big difference in your home insurance rates. Factors like the level of property crime or vandalism, your proximity to a fire station, and even weather patterns can all affect average premium costs.
Finally, Maryland is flush with historic cities that boast a number of older homes. If you live in an older home, that could potentially affect your homeowners insurance costs.
Here you can see how home insurance rates vary in different cities in Maryland.
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in
City | Average Annual Premium |
|---|---|
| Washington | $156 |
| Baltimore | $159 |
What homeowners should know about insurance in Maryland
Not every type of weather hazard is a covered loss under a standard homeowners insurance policy. That’s why Marylanders should make sure they have appropriate insurance coverage to protect against these common hazards in the Free State.
Floods
Flooding is one of the most common Maryland weather hazards, and standard home insurance coverage doesn’t protect against water damage. Your insurance company may allow you to purchase flood insurance as an endorsement to your homeowners insurance policy, but if that’s not possible, you can get a policy through the National Flood Insurance Program (NFIP).
Hurricanes
Maryland is no stranger to hurricanes or their damage. With 3,190 miles of coastline, the coastal areas of the state may get the brunt of hurricane-related property damage, but these massive storms can cause damage up to several hundred miles inland.[4]
Hurricanes can cause things like windstorm damage, flooding, and water backup, which means Marylanders need adequate dwelling coverage, flood insurance, and personal property coverage to protect themselves from big storms.
Winter weather
Although Maryland is technically a southern state, it can receive a wide range of wintry weather across the state. Baltimore typically sees less than 20 inches of snowfall per year, while Oakland, in the mountains of western Maryland, sees nearly 105 inches of snow each winter.[5]
But snow isn’t the only type of winter weather Maryland experiences. Ice, sleet, freezing rain, or windstorms may also affect homeowners, causing things like ice dams, burst pipes, and more.
Standard home insurance policies cover most damage caused by winter weather, but check with your insurance agent to be sure that your homeowners insurance policy has all the coverages you need.
Compare Maryland Home Insurance Quotes
Check quotes from top insurance companies
How much homeowners insurance do you need in Maryland?
While Maryland state law doesn’t require homeowners insurance, your mortgage lender will require home insurance as a condition of your mortgage loan. Make sure you understand what your homeowners insurance covers when you buy it. This will ensure you’re appropriately financially protected in case of property damage, personal liability, or other issues.
The Maryland Insurance Administration (MIA) recommends dwelling coverage limits of at least 80% of the replacement cost of your home.[6]
You should also remember that standard home insurance policies don’t cover damage from all perils. Consider asking your insurance agent about additional coverage options, like water backup coverage and extra coverage for your personal belongings.
Flood damage is virtually never included in standard coverage, which means you may want to purchase a separate flood insurance policy. If you can’t get flood insurance through your home insurance company, you can purchase a policy from the NFIP.
How to contact the Maryland Insurance Administration
The Maryland Insurance Administration (MIA) is a state agency set up to protect Maryland consumers by regulating and licensing the insurance industry and products in the Old Line State. If Marylanders have trouble with their insurance coverage or insurance company, they can lodge a complaint with the MIA, and the agency will investigate.
Here’s how you can contact the MIA:
Phone: 1 (410) 468-2000 or 1 (800) 492-6116
Email: [email protected]
Maryland homeowners insurance FAQs
While you compare homeowners insurance quotes, the answers to the following questions can help you find the right Maryland home insurance policy to fit your specific needs.
How much is home insurance in Maryland?
In Maryland, a home insurance policy with a $1,000 deductible and $300,000 in dwelling coverage has an average cost of $1,884 per year, according to Insurify data. How much you pay for your insurance policy may vary depending on factors like your ZIP code, deductible, the age and square footage of your home, and the coverage options you choose.
Which company has the cheapest homeowners insurance in Maryland?
Travelers has the cheapest homeowners insurance in Maryland, with average monthly premiums of $95 for a $300,000 dwelling coverage policy.
Does Maryland require homeowners insurance?
Maryland doesn’t require homeowners insurance coverage, since state governments don’t mandate insurance coverage for homes — even though they do require auto insurance for all drivers. But your lender will require a homeowners insurance policy as a condition of your mortgage.
How can you lower your home insurance premiums in Maryland?
You can lower your homeowners insurance rates by increasing your deductibles, bundling your home insurance coverage with another form of coverage, asking your insurance agent about home insurance discounts for safety features, and comparing quotes from several insurers.
How much is homeowners insurance for a $500,000 house in Maryland?
The average premium for a Maryland home with $500,000 in dwelling coverage and a $1,000 deductible is $2,856 per year, according to Insurify data.
Does homeowners insurance cover water damage?
It depends. Home insurance might cover water damage that occurs from a sudden event, like a burst pipe. But water damage is one of the most common exclusions for standard homeowners insurance. To fully protect your home from water damage, you’ll need a separate flood insurance policy, which you can purchase from the NFIP.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Related articles
)
How to Manage Your Home Insurance Renewal
)
How to Buy Home Insurance
)
Cheapest Home Insurance for Older Homes
)
Compare Home Insurance Quotes Side by Side
)
5 Best Home Insurance Companies
)
Cheapest Home Insurance Quotes
)
Condo Insurance Guide: Coverage, Cost, and How It Works
)
What Happens If You Can’t Get Home Insurance?
Sources
- Maryland Department of Emergency Management. "Know the Threats."
- Current Results. "Average Annual Snowfall in Maryland."
- Department of Veterans and Military Families. "Landing Zone Maryland."
- Maryland.gov. "Hurricanes."
- Maryland.gov. "Winter Storms."
- Maryland Insurance Administration. "A Consumer Guide to Homeowners Insurance."
)
)
Plutus Award winner
Over 12 years writing about insurance and personal finance
Emily is a Plutus Award-winning freelance writer and former educator who makes complex financial topics easy to understand. She specializes in the science behind money habits and has written for outlets like The Huffington Post, Business Insider, and The Washington Post.
Featured in
Emily is a Plutus Award-winning freelance writer and former educator who makes complex financial topics easy to understand. She specializes in the science behind money habits and has written for outlets like The Huffington Post, Business Insider, and The Washington Post.
)
)
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
Featured in
)
)
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in
)
)
Chartered financial analyst
12+ years in data analysis and marketing
Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.
Featured in