Baltimore Homeowners Insurance

The Zebra
Aug. 26, 2019

Find affordable homeowners insurance in Baltimore


Home insurance should be a critical consideration for every homeowner. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. With the relative frequency of such events -- along with the high cost of rebuilding or repairing a home -- purchasing home insurance is a wise investment.

The cost of homeowners insurance coverage factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. Location also plays a role in determining the price of your homeowners insurance policy. In areas prone to perils like hail, frozen pipes, volcanoes, or fire, home insurance policies may be more expensive to account for the extra risk. Discover more info about what your homeowners insurance policy covers.

If you want to find cheap homeowners insurance in Baltimore, start with looking around and comparing a variety of different policies. . Take a look at the summary below showing average home insurance rates in Baltimore to help you get as much information as possible when you start your search for homeowners insurance. Remember: your homeowners insurance premiums may vary based on your coverage limits and other factors.


Baltimore, Maryland, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Home insurance in Baltimore by insurance company

Homeowners insurance rates in Baltimore vary from one insurance company to another. The most inexpensive home insurance in Baltimore comes from State Farm, which offers average annual rates of just $986 per year. This is more favorable than the city’s average home insurance premium of $1,516.

To get started with your homeowners insurance policy search, take a look at this list of the cheapest companies in Baltimore, Maryland.


AFFORDABLE HOME INSURANCE COMPANIES IN BALTIMORE
CompanyAverage Annual Rate
State Farm$986
Brethren Mutual$1,147
USAA$1,290
Allstate$1,458
American Family$1,525

Average homeowners insurance costs in Baltimore by coverage level

How much you spend on home insurance coverage is greatly impacted by the level of coverage you choose. In Baltimore, carrying $200K dwelling coverage costs an average of $1,121, while carrying additional coverage up to $400K costs $1,936 per year.


HOMEOWNERS INSURANCE RATES IN BALTIMORE — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$1,121
$400K Dwelling$1,936

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Baltimore home insurance rates by ZIP code

Depending on the part of Baltimore you live in, you might see vastly different home insurance costs. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact in what you pay for insurance.

The cheapest home insurance rates in Baltimore are available in 21240. In 21240, the typical home insurance policy costs $1,191 per year — $324 less than the citywide average in Baltimore. If you’re looking for the areas with the least expensive homeowners premiums in Baltimore, have a look at the table below.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN BALTIMORE
ZIP CodeAverage Annual Home Insurance Rate
21240$1,191
21250$1,227
21234$1,464

Other areas of Baltimore, however, face homeowners rates that surpass the city average . Such areas might face a higher probability of perils such as fires or severe weather events. Similarly, they may also have a higher rate of crimes such as burglary or vandalism. The most expensive ZIP code for homeowners insurance in Baltimore is 21216, where the average annual rate is $1,583.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN BALTIMORE
ZIP CodeAverage Annual Home Insurance Rate
21216$1,583
21223$1,580
21213$1,576



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Looking for a money-saving tip for insurance in Baltimore? Try bundling

If saving money is something you are worried about, it might be worth insuring your home and auto through the same insurance company. Bundling home and auto insurance can save you a substantial sum each month on your auto insurance bill. By bundling your policies, Baltimore homeowners could see annual savings of 11% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN BALTIMORE
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Erie$1,288
GEICO$1,396
USAA$1,702
State Farm$2,032
Nationwide$2,304

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. To speak with an insurance expert, give us a call at 855-493-9728 today.


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