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Kristine Lee

Insurance Analyst

  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

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Ross Martin

Insurance Writer

  • 4+ years in the Insurance Industry

Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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How to get affordable renters insurance in Maryland

Renters insurance is an affordable type of insurance that keeps your belongings safe in the event your apartment suffers major damage. Renters insurance protects items against fire, smoke damage, a wind storm, vandalism or theft and a variety of other events.

Unlike auto insurance, renters policies aren’t priced based on state laws. Even so, there are sometimes substantial differences in the cost of renters policies by state. Renters insurance policy costs in a given state may vary based on the value and number of renters policy claims in the state, and depend on the value of the belongings being insured.

Maryland renters insurance is pricier than the US average. The average annual cost of renters insurance in Maryland is $255, $70 more expensive than the average rate across all US states.

The easiest way to acquire a cheap renters insurance policy in Maryland is to shop around and compare rates from multiple companies. Get an idea of renters insurance costs in Maryland via the below data. Remember: your rates will vary, depending on your coverage limits and the valuation of your belongings.

Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions

Renters insurance prices in Maryland by company

Prices for renters insurance in Maryland vary based on the insurer you choose. State Farm underwrites the most affordable renters insurance in Maryland — just $124 each year. This compares favorably to the state's mean cost of $255, providing a 51% discount on the typical rates in the state.

Start searching for renters insurance by reviewing the most affordable Maryland insurance companies, listed below.

Carrier Average 12-Month Rate in Maryland
State Farm $124
Travelers $146
Brethren Mutual $151
Erie $163
Homesite $188

Maryland renters insurance costs by city

Renters insurance rates in Maryland differ by city. Rates are determined based on on locally specific variables such as the number of local claims filed, meaning your ZIP code could have a major impact on how much you pay.

The cheapest renters insurance in Maryland is available in Frederick. The average renters insurance policy in Frederick costs only $242 per year — $13 less than the statewide average. Reference the below table to see the cheapest cities in Maryland for renters insurance.

City Average Yearly Renters Insurance Rate
Frederick $242
Columbia $242
Ellicott City $243
North Bethesda $243
Aspen Hill $243

Searching for renters insurance info for a specific city? Check out our list of major metropolitan areas in Maryland.

  1. Baltimore

Renters insurance in MD by coverage tier

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Maryland, the annual cost differential between these options is about $57. If you can afford to insure your personal property at this additional expense, it's an option worth considering.

Coverage Level Average Annual Renters Insurance Rate in Maryland
$25K Property $226
$50K Property $283

Tip: bundle auto and renters insurance in Maryland

If you're looking for savings, consider carrying your renters and auto policies with the same insurance company. Bundling auto and renters insurance in Maryland can lead to substantial savings on car insurance. In fact, bundling policies in Maryland leads to a yearly savings of $52.

Avg. Annual Rate (No Bundle) Avg. Annual Rate (w/ Bundle) Annual Savings ($) Annual Savings (%)
$1,327 $1,275 $52 4%

Maryland renters insurance FAQs


Is renters insurance required in Maryland?

Your landlord may require renters insurance but there is no state law in Maryland that mandates renters insurance.

What does Maryland renters insurance cover?

A basic renters insurance policy offers coverage for the contents of your home, liability insurance, additional living expenses, and medical payments to others. However, these options are flexible and will depend on your individual needs and the insurance company you choose in Maryland.

Need a Renters Insurance Quote?

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.