Maryland Renters Insurance

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

How to find affordable renters insurance in Maryland


Renters insurance is a great — and cheap! — way to ensure your personal belongings are insured against common incidents. A renters policy covers your belongings in the event of smoke or fire damage, a wind storm, vandalism, theft, and an array of other events.

There are relatively substantial gaps in insurance pricing by state. Renters insurance rates in US states vary based on the value of — and total number of — renters policy claims lodged in that particular state, and depend on the value of the belongings you're covering.

Getting renters insurance in Maryland is pricier than the national average. The average annual cost of renters insurance in Maryland is $255, $70 more expensive than the national average.

The best way to find an affordable renters insurance policy in Maryland is to compare rates from multiple companies. Learn renters insurance rates in Maryland by reviewing the below data. Remember: your rates will vary, depending on the value of your belongings and your coverage limits.


Renters insurance in Maryland:
  1. Rates by company
  2. Costs by city
  3. Bundling

Renters insurance rates in Maryland by carrier

Renters insurance rates in Maryland can vary based on the insurance company you use. State Farm offers the best deal on renters policies in Maryland — only $124 each year. This compares favorably to the state's mean rate of $255, offering a 51% price break on rates typical to the state.

Get a head start on looking for affordable coverage by reviewing the most affordable Maryland companies, listed below.


RENTERS INSURANCE RATES IN MARYLAND: BY COMPANY
CompanyAverage Yearly Rate in Maryland
State Farm$124.20
Travelers$145.91
Brethren Mutual$151.01
Erie$162.69
Homesite$188.03

Maryland renters insurance costs by city

Renters insurance rates in Maryland vary by city. Rates depend on city-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 renters insurance in Maryland is available in Frederick. In Frederick, the typical renters insurance policy costs $242 annually — $13 less than the average policy in other Maryland cities. The below table shows the best places to live in Maryland if you’re looking for cheap renters insurance.


AFFORDABLE RENTERS INSURANCE BY CITY IN MARYLAND
CityAverage Annual Renters Insurance Rate
Frederick$242.00
Columbia$242.48
Ellicott City$242.50
North Bethesda$242.59
Aspen Hill$242.82

Save by bundling renters and auto insurance in Maryland

If you want to save, consider purchasing your renters and auto policies from the same insurance company. Bundling renters and auto insurance in Maryland can lead to substantial savings on your auto insurance bill. Bundling policies in Maryland may earn you average annual savings of $52.


RENTERS AND AUTO INSURANCE BUNDLING SAVINGS IN MARYLAND
Avg. Annual Auto Insurance Rate (No Bundle)Avg. Yearly Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$1,327.49$1,275.03$52.464%

One of the best ways to save on auto insurance is to bundle your policies. Compare rates today!


Compare car insurance rates today!