Best and cheapest companies for home and auto bundles in Maryland

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.

When shopping for home and auto insurance, some insurers offer better deals on bundled coverage than others. We’ve compared multi-policy discounts from insurance companies in Maryland to identify which ones provide significant savings when combining multiple coverage types.

State Farm provides the highest percentage discount on home and auto insurance premiums in Maryland when you bundle your policies. By choosing this insurer, you can save an average of 22% on your home and auto bundle.

On the other hand, State Farm provides the lowest overall rate for bundling in Maryland. When you bundle your policies, you can expect to pay an average of $2,935.

Key Takeaways

In Maryland, State Farm is the top choice for bundling home and auto insurance. It offers an average savings of 22%.
Some insurance companies offer more significant bundling discounts, so comparing quotes is a good idea.
Your ZIP code plays a major role in determining how much you can save on your home and auto insurance bundle.
Bundling is usually a smart move, but sometimes it might not be the best option.

How we picked the best companies for home and auto bundling

In 2024, we analyzed home and auto insurance rates provided by Quadrant Data Services, focusing on the average bundling discounts each company offers. We calculated both pre and post bundling insurance costs based on these average discount rates to provide a clear view of potential savings. Our analysis encompassed data from 48 insurance companies across 4,686 ZIP codes, delivering a comprehensive look at bundling benefits nationwide.

Our recommendation for the best home and auto bundles in Maryland

Insure.com’s analysis ranked companies based on the average bundle discount they offer both in terms of dollar amount and percentage. Based on those criteria, these are the best companies for home and auto bundles in Maryland.

State Farm

State Farm offers an average bundle discount of $825, which is a 22% savings on your premiums. Before the discount, the combined home and auto insurance cost is $3,760, and after applying the bundle discount, the total cost drops to $2,935.

Erie Insurance

The average bundle discount at Erie Insurance is $676, or 17%. Without a bundle discount, customers pay $3,961 for coverage. After the bundle discount, customers pay $3,285 on average. Erie Insurance ranked at No. 1 in our Best Auto Insurance Companies ranking and No. 1 in the Best Home Insurance Companies ranking.

Allstate

Bundling auto and home insurance with Allstate can save an average of $932, or 19%. Without the discount, the coverage costs $4,999, but after the discount, it’s only $4,067.

Nationwide

The average bundle discount at Nationwide is $739, or 18%. Before the discount is added, the average cost of home and auto insurance is $4,006. After adding the bundle discount, the average cost is $3,267. Nationwide ranked at No. 4 in our Best Auto Insurance Companies ranking and at No. 7 in the Best Home Insurance Companies ranking.

Travelers

Travelers provides an average bundle discount of $1,156, or 16%. Before the discount, the average cost for coverage is $7,277. After applying the discount, the cost comes down to $6,121.

Compare home and auto bundles in Maryland

Bundling your home and auto insurance in Maryland can result in significant savings, though the exact amount depends on the insurer. The table below highlights rates and potential savings with leading companies.

Company	Premium after Bundle	Auto and home bundling (Survey)	Home survey	A.M. Best Score	% Difference	Overall Rating
State Farm	$2,935	47	87.4	A++	22%	82.03
Erie Insurance	$3,285	73	93.2	A+	17%	70.1
Allstate	$4,067	39	85	A+	19%	66.62
Nationwide	$3,267	42	86.6	A	18%	65.86
Travelers	$6,121	44	83.6	A++	16%	52.82

Our agents make it hassle-free to get the right quote.

Call (844) 814-8854

Ethan Available Now

Jack Available Now

Robbie Available Now

Ellie Available Now

What company offers the cheapest home and auto bundles in Maryland?

State Farm offers the biggest percentage discount if you bundle. State Farm offers the cheapest rate overall if you bundle.

Company	Home insurance premium	Auto insurance premium	Premium before Bundle	Premium after Bundle
State Farm	$1,540	$2,220	$3,760	$2,935
Nationwide	$2,151	$1,855	$4,006	$3,267
Erie Insurance	$1,921	$2,040	$3,961	$3,285
Allstate	$1,264	$3,735	$4,999	$4,067
Travelers	$5,815	$1,462	$7,277	$6,121

Most and least expensive ZIP codes for home and auto insurance bundles in Maryland

Your ZIP code can determine how much of a discount you’ll receive for bundling your insurance and the base rates before the discount is applied. Below, you’ll find the least and most expensive ZIP codes for home and auto insurance bundles in Maryland.

Most expensive ZIP codes

The most expensive ZIP code in Maryland for bundling home and auto insurance is 21233, with an average cost of $6,660. Here are the 10 most expensive ZIP codes:

ZIP code	Average auto and home after discount	Average difference
21233	$6,660	19%
21287	$6,550	18%
21653	$5,422	19%
21213	$5,244	18%
21223	$5,204	19%
21216	$5,197	18%
21215	$5,100	18%
21217	$5,046	18%
21205	$4,971	18%
21218	$4,883	18%

Least expensive ZIP codes

The least expensive ZIP code in Maryland for bundling home and auto insurance is 21713, with an average cost of $2,828. Here are the 10 cheapest ZIP codes:

ZIP code	Average auto and home after discount	Average difference
21713	$2,828	20%
21719	$2,832	20%
21758	$2,897	19%
21716	$2,912	19%
21540	$2,941	20%
20816	$2,956	18%
20850	$2,978	18%
20815	$2,983	18%
20814	$2,989	18%
21532	$3,019	20%

Frequently asked questions about bundling home and auto insurance

Is bundling home and auto insurance right for everyone in Maryland?

Bundling your insurance policies can save you money and add convenience. With a single insurer, you’ll have one point of contact and easy access to all your coverage details on one website.

While bundling can be a good deal, it’s not always the right choice. Sometimes, a company may offer great auto insurance rates but have higher prices for homeowners insurance, so it might be worth looking elsewhere for your homeowners coverage.

Also, some insurers might provide the right coverage you need for one type of insurance but not for the other.

Instead of relying on a bundle, it’s worth checking out other options to ensure you get the best deal.

Remember when buying insurance that you’re doing so to protect your most valuable assets, says Christine O’Brien, president of the Insurance Council of New Jersey. Take the time to learn about policy limits and coverages and get several quotes.

How can you switch to a home and auto bundle in Maryland?

Bundling your policies is a quick process. When one of your insurance policies is up for renewal, you can decide to bundle your car and homeowners insurance with the same company.

You don’t have to wait until renewal to bundle. If you cancel any of your policies early, you’ll likely get a refund for the months you won’t be covered.

Remember not to cancel your old policy until your new coverage is in place to avoid any gaps in coverage.

Methodology

Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.

You might find interesting

Explore related topics

Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.