Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Maryland Average homeowners insurance cost in Maryland Homeowners insurance in Maryland costs $1,707 per year or $142 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. | Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.Homeowners insurance in Maryland costs an average of $1,707 a year, according to Insure.com’s study. Read this guide to learn more about the average homeowners insurance rates in Maryland by insurance company and ZIP code. Key Takeaways Homeowners insurance costs an average of $1,707 a year, based on our analysis.Of all the ZIP codes in Maryland, 20852 has the most affordable home insurance rates at around $1,363 annually.In Maryland, State Farm provides the most affordable home insurance at an average annual premium of $1,119. Average home insurance cost in Maryland by coverage levelHomeowners insurance costs $1,707 a year in Maryland for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Maryland will increase to $2,123 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Maryland for dwelling coverage limits of $300,000, $400,000, and $500,000.Coverage Average annual rate Average monthly rate$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,311 $109 $200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,318 $110 $300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,707 $142 $300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,715 $143 $400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$2,123 $177 $400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$2,131 $178 $600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$3,019 $252 $600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$3,028 $252 $1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$4,833 $403 $1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$4,843 $404 Homeowners insurance companies in Maryland determine rates based on risk factors. When calculating premiums, they consider your location, claims history and coverage limits.If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in MarylandBefore purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.We evaluated insurance companies in Maryland based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that Travelers received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.Company Average annual premiumAM Best rating NAIC Complaint IndexOverall scoreTravelers$1,452A++0.545Farmers$1,548A0.544.68Chubb$2,258A++0.184.63State Farm$1,119A++0.954.63American Family$1,900A0.374.56Allstate$1,651A+0.93.94Nationwide$1,902A+0.873.66Average homeowners insurance cost by company in MarylandState Farm offers the most affordable homeowners insurance in Maryland, at an average annual premium of $1,119, followed by Travelers and Farmers.You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.Here are the average annual and monthly insurance rates for Maryland homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.Company Average annual rate Average monthly rateState Farm$1,119$93Travelers$1,452$121Farmers$1,548$129Allstate$1,651$138Erie Insurance$1,675$140American Family$1,900$158Nationwide$1,902$158Chubb$2,258$188USAA$1,780$148Maryland homeowners insurance rates by ZIP codeInsurance companies in Maryland assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Maryland. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.Most affordable ZIP codes for home insurance rates in MarylandNot every area in Maryland has the same home insurance cost. How much you pay for homeowners insurance in Maryland depends on many factors, including your ZIP code. Our data shows that 20852 ZIP has low-cost home insurance rates in Maryland, at about $1,363 a year or $114 monthly.Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Maryland.ZIP codeAverage annual rateAverage monthly rate20852$1,363$11420814$1,364$11420850$1,370$11420832$1,373$11420851$1,375$11520817$1,376$11521771$1,377$11521157$1,379$11520841$1,380$11520833$1,382$115Most expensive ZIP codes for home insurance rates in MarylandYour ZIP code plays a significant role in determining the cost of your homeowners insurance. In Maryland, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.In Maryland, 21824 has the highest homeowners insurance rates, at $2,665 per year.Here, we’ve highlighted some of the most expensive ZIP codes in Maryland for homeowners insurance:ZIP codeAverage annual rateAverage monthly rate21824$2,665$22221842$2,626$21921864$2,476$20621817$2,471$20621829$2,433$20321862$2,432$20321811$2,394$20021866$2,371$19821813$2,357$19621841$2,336$195Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Maryland by cityBaltimoreBowieFrederickGaithersburgRockvilleHome insurance rate trend in MarylandWe analyzed home insurance rate trends in Maryland and found that homeowners insurance rates experienced an overall increase of 5% or $85, from 2022 to 2023.The following data highlights the changes in homeowners insurance rates since 2019.2019 rates2022 rates2023 rates$1,459$1,622$1,707Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Maryland.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:$300,000 dwelling coverage$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Maryland Average renters insurance cost in Maryland Average car insurance cost in Maryland Non-owner auto insurance in Maryland How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaine$1,375/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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Most Americans don’t 1/1 Related Articles How much does dog liability insurance cost and do you need it? By Lena Borrelli Condo insurance calculator: Estimate the cost of coverage By Jessica Olson Home insurance for older homes with knob and tube wiring By Erik Martin Hurricane insurance costs in Florida: What you should expect By Sarah Sharkey Guide to off-grid home insurance By Lena Borrelli Guide to the insurance claims history report (CLUE) By Shivani Gite On this page Average home insurance cost in Maryland by coverage levelBest homeowners insurance companies in MarylandAverage homeowners insurance cost by company in MarylandMaryland homeowners insurance rates by ZIP codeHome insurance rate trend in MarylandResources & methodology ZIP Code Please enter valid ZIP See rates