Maryland Homeowners Insurance

Finding homeowners insurance doesn’t need to be complicated. Compare rates from Maryland by city and company below.

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Find affordable home insurance in Maryland


Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. Homeowners insurance defends your home and your items in the event of a number of calamities, such as wind damage, fire, theft, vandalism, and more.

Large gulfs exist in home insurance costs from state to state. Homeowners insurance prices in US states may differ depending on the number and total value of homeowners claims filed in the state, and also on the value of the dwelling and belongings being insured.

The best way to find affordable homeowners insurance in Maryland is to compare rates and consider policies from as many insurers as possible. Learn homeowners insurance costs in Maryland by referencing the below data. Remember: your home insurance rates will vary, depending on your coverage limits.


Home insurance in Maryland:
  1. Homeowners rates by company
  2. Rates by city
  3. Insurance bundling discounts


Homeowners insurance rates in Maryland by insurance company

Prices for home insurance in Maryland vary depending on which insurance company you select. Brethren Mutual offers the best deal on home insurance in Maryland — only $694 per year. This compares favorably to the state average rate of $1,211, offering a $517 discount on the typical rates in the state.

Start looking for affordable coverage by reviewing the cheapest Maryland home insurance carriers, listed below.


THE CHEAPEST HOMEOWNERS INSURANCE COMPANIES IN MARYLAND
Insurance CompanyAverage Annual Rate in Maryland
Brethren Mutual$694.19
Travelers$826.14
State Farm$895.64
Erie$1,019.09
USAA$1,196.77


Another company you should consider is Hippo Home Insurance. Using their online quoting system which decreases overhead, you can save hundreds on your homeowners insurance. Click below to get started.



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Maryland home insurance prices by city

Home insurance rates in Maryland vary depending on the city. Rates depend on locally specific variables such as the number of local claims filed, lending your ZIP code plenty of weight in deciding how much you pay.

The best homeowners insurance in Maryland is found in Potomac. The average homeowners insurance policy in Potomac runs only $937 per year — $274 less than the state average. The below cities have the most affordable homeowners insurance in Maryland.

AFFORDABLE HOME INSURANCE BY CITY IN MARYLAND
City
Average Annual Home Insurance Rate
Potomac
$936.71
Bethesda
$936.88
North Bethesda
$941.00
Rockville
$946.58
Aspen Hill
$952.75

 

Homeowners and auto insurance bundles in Maryland

If you’re seeking ways to save on your insurance expenditures, consider purchasing both your home and auto insurance policies from one company. Bundling home and auto insurance in Maryland can save you a substantial sum each month on auto insurance. In fact, bundling policies in Maryland results in average annual savings of $109.

HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN MARYLAND
Avg. Annual Auto Insurance Rate (No Bundle)
Avg. 12-Month Auto Insurance Rate (Bundle)
Annual Bundle Savings
Bundle Savings %
$1,304.00
$1,195.00
$109.00
9%

 

One of the best ways to save on auto insurance is to bundle your policies. Find a policy today!

 

Compare rates from top car insurance companies.

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Homeowners insurance and hurricanes in Maryland

Since hurricanes can cause such calamitous destruction and completely destroy properties entirely, insurance companies are unwilling to take on the risks posed by hurricanes. If you live in Maryland, there could be increased risk of experiencing damage from hurricanes. In fact, 17,824 single-family homes are at extreme risk of hurricane damage in Maryland.*

If you reside near the coast, it's extremely important to verify the details of your homeowners policy since usually a basic home policy won't be sufficient to cover damage caused by hurricanes — you would need separate flood and windstorm insurance policies, both of which would be applicable to pay for repairs or replacements. Depending on your location, your insurance company may require a separate hurricane deductible if you live in an area that's at high risk for hurricanes.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)

 

Does homeowners insurance cover flooding in Maryland?

Flood damage, whether from a hurricane or a torrential downpour, is not covered by standard home insurance. To insure your home against flood damage, acquire flood coverage from a private flood insurance company or through FEMA's National Flood Insurance Program (NFIP).

Flood insurance coverage from private companies may vary, but if you buy through the NFIP you are allotted coverage for:

  • $250,000 structural coverage
  • $100,000 personal property coverage

If the value of your personal property and home exceed these limits, consider purchasing a policy from a private company for additional protection.

Flood insurance is critical in Maryland, which faced $3,267,941 in 2016 flood insurance claims, according to FEMA.