Best and Cheapest Home and Auto Bundle Companies in Maryland (2023)

MoneyGeek’s research indicates that Allstate offers the best overall bundle insurance in Maryland. The company received a MoneyGeek score of 85 out of 100 and has the cheapest average annual premium of $2,473.

REVIEW AUTO INSURANCE RATES

Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

Your Zip Code
widget-location-pin
Advertising & Editorial DisclosureLast Updated: 1/14/2023
Edited By     |  
Written By     |  
iconBestInsurance BundleMaryland
2023
This is an icon

Methodology

Why trust MoneyGeek? Maryland bundle rates are supported by our analysis of quotes and ratings. For the best bundles, we based our findings on our proprietary scoring system that balances cost and discounts with service experience.

48

Quotes Analyzed

 
6

Companies Compared

 
1

Zip Codes

The Best Home and Auto Bundles in Maryland

The top-rated providers of auto and home insurance bundling in Maryland balance affordability with quality service and a notable discount.

MoneyGeek’s research shows that the top companies for bundling insurance in Maryland are:

  • Allstate: MoneyGeek score of 85 out of 100
  • State Farm: MoneyGeek score of 85 out of 100

Allstate offers the cheapest auto and home bundling premium in Maryland. It also received a perfect score for its discount. Although State Farm ranked the second-best overall, it is one of the most expensive. Both Allstate and State Farm had great scores for home and auto satisfaction.

Allstate

pros

This is an icon

Has a wide array of discounts, including responsible payment, homebuyer and loyalty

This is an icon

Earned an overall score of 4 out of 5 for home and auto insurance

This is an icon

Offers optional coverage for custom parts and portable electronics and media equipment

cons

This is an icon

Lacks multiple car and defensive driving discounts

This is an icon

Does not offer better car replacement coverage

COMPANY HIGHLIGHTS

Not only is Allstate MoneyGeek’s best overall bundle insurance provider in Maryland, but it is also the cheapest, with an average annual rate of $2,473. Policyholders save about $640 or 21% a year by bundling auto and home insurance policies.

Some unique add-on coverages from Allstate include custom parts and portable electronics and media coverage. Custom parts coverage is available to those with comprehensive and collision insurance and covers the loss of custom equipment like height-extending roofs, murals, graphics and decals. Portable electronics and media coverage pays for replacing lost compact discs, tapes and other items that form part of your car’s sound system. That coverage is exclusive to policyholders with comprehensive insurance.

Apart from unique coverage options, Allstate offers various discounts, including a new vehicle discount for customers who are the first owner of a current model year or one prior vehicle. Exclusive to this insurer is a responsible payment discount offered to those who do not receive a policy cancellation policy for 12 months over non-payment.

With Allstate’s home insurance, you may include yard and garden coverage to increase your policy limits for landscaping, trees and mowing equipment. The insurer’s home rental coverage offers added protection for your items when you rent your home. Policyholders can also save on their premium by making early and automatic payments and if they are recent homebuyers.

Read MoneyGeek's Allstate Auto Insurance Review
State Farm

pros

This is an icon

Scored 4 out of 5 for auto and home insurance

This is an icon

Has roadside assistance and rental car reimbursement coverage

This is an icon

Has discounts for eligible roofing materials and continuously insured policyholders

cons

This is an icon

Does not offer discount for customers who pay in full

This is an icon

Lacks gap insurance and deductible modification coverage

COMPANY HIGHLIGHTS

State Farm ranked second overall for auto and home insurance bundling in Maryland and fourth in terms of affordability. Policyholders pay approximately $3,650 for a bundle, which is lower than non-bundling policies by around $538 or 13%.

State Farm customers can take advantage of its add-on roadside assistance and rental car/travel reimbursement coverages to increase protection. Rental car/travel reimbursement covers car rental and travel expenses up to specific limits, as stipulated in your policy. With roadside assistance, you get towing services, delivery of oil, a battery, gas or tire change, locksmith services and mechanical labor for a maximum of one hour after your car breaks down. Policyholders may also receive a discount on medical payments coverage if their car’s date of manufacture is 1994 or later.

State Farm’s add-on home insurance coverage options include vacancy, service line and home systems protection, among others. Service line add-on insurance covers the cost of replacing or repairing underground sewer, water piping and broken electrical and data lines on homeowner-owned property. Additionally, you may qualify for several unique discounts, including roofing material, claims-free and continuously insured.

Read MoneyGeek's State Farm Auto Insurance Review

The Best Home and Auto Bundles in Maryland for Military Backgrounds

USAA offers the best auto and home insurance bundle in Maryland, scoring the highest on MoneyGeek’s ranking system with 92 out of 100. We, however, excluded the insurer from our study since its policies are exclusive to individuals with a military background.

If you qualify, getting a home and auto insurance bundle through USAA in Maryland is a great choice.

mglogo
MoneyGeek Top Pick
USAA

USAA offers the second-cheapest auto and home bundling rate in Maryland. Customers pay an average of $2,746 per year. However, USAA’s policies are not widely available, and only eligible military members or veterans can purchase them. The insurer also has the lowest discount of 5% when bundling auto and home insurance.

Aside from rideshare insurance, eligible policyholders may purchase add-on accident forgiveness to ensure their rate remains unaffected after an accident. The company also offers roadside assistance and rental car/travel reimbursement coverage, plus new vehicle, mileage, legacy and loyalty discounts, among others.

USAA offers homeowners home-sharing coverage as an add-on to their policy. It protects you and your guests whether you rent your entire home or a room. You can also receive a discount for installing a protective device in your home and remaining claims-free for at least five years.

The Best Home and Auto Bundle Discounts in Maryland

The average bundling discount in Maryland is $432 or 11%. Typically, buyers pay an average of $3,802 per year for a separate car and home insurance policy and around $3,370 if they bundle the two.

From MoneyGeek’s research, the insurer with the highest discount is Allstate, around 21%, whereas Metropolitan has the lowest at roughly 8%.

Although you may be tempted to choose an insurer with the highest discount, this doesn’t necessarily translate to a lower premium. However, in Maryland, Allstate offers the highest discount and is the cheapest provider overall.

Home and Auto Bundle Discount in Maryland

The Cheapest Home and Auto Bundles in Maryland

The average cheapest home and auto bundle insurance in Maryland, without considering a discount, comes from:

  • Allstate: $2,473 per year
  • Travelers: $3,136 per year

USAA is the second cheapest in the state at around $2,746 per year, although we did not include it since its policies are only available to military members.

mglogo
MoneyGeek Top Pick
Allstate

With an average annual bundling premium of $2,473, Allstate offers affordable coverage for those who wish to bundle their auto and home policies in Maryland. Policyholders save as much as $640 a year, around 21% less than the cost of separate auto and home insurance policies.

Allstate offers a discount to those who bundle auto insurance with home, renters, condo or life insurance. Policyholders that are full-time students with good grades also get a discount on their policy. Those who meet the safe driving requirements from the insurer may also save a considerable amount on their premium.

With Allstate’s home insurance coverage, you can save up to 5% on your premium if you switch to Allstate and have no history of filing claims. You can also get a discount for having a new home or installing a protective device within your property.

Scroll for more

swipe icon
  • Car Insurance
    Annual Premium
  • Allstate
    $2,473
  • Travelers
    $3,136
  • Metropolitan
    $3,643
  • MetLife
    $3,643
  • State Farm
    $3,650
  • Nationwide
    $4,304

The Cheapest Non-Bundle Insurance Combinations in Maryland

Although bundling your auto and home policies in Maryland allows you to manage them together, you may come across non-bundling combinations from two different insurers that are more affordable.

According to MoneyGeek’s findings, the cheapest paired auto and home insurance policies in Maryland come from Allstate and Metropolitan. The average annual combined cost for these policies is $3,005. This total comprises auto insurance costing around $1,661 from Allstate and a home insurance policy costing roughly $1,344 from Metropolitan.

Although this amount is higher than the cheapest bundled insurance in Maryland through Allstate (around $2,473 annually), actual rates may differ significantly based on your situation.

Scroll for more

swipe icon
  • Auto Company
    Home Insurance
    Annual Premium
  • Allstate
    MetLife
    $3,005
  • Allstate
    Metropolitan
    $3,005
  • Allstate
    Travelers
    $3,053
  • Allstate
    State Farm
    $3,197
  • Nationwide
    MetLife
    $3,357
  • Nationwide
    Metropolitan
    $3,357
  • Nationwide
    Travelers
    $3,405
  • Travelers
    Metropolitan
    $3,418
  • Travelers
    MetLife
    $3,418
  • Nationwide
    Allstate
    $3,465
  • Travelers
    Allstate
    $3,526
  • Nationwide
    State Farm
    $3,549
  • Travelers
    State Farm
    $3,610
  • MetLife
    Metropolitan
    $3,951
  • Metropolitan
    MetLife
    $3,951
  • State Farm
    Metropolitan
    $3,996
  • State Farm
    MetLife
    $3,996
  • Metropolitan
    Travelers
    $3,999
  • MetLife
    Travelers
    $3,999
  • State Farm
    Travelers
    $4,044
  • MetLife
    Allstate
    $4,059
  • Metropolitan
    Allstate
    $4,059
  • State Farm
    Allstate
    $4,104
  • MetLife
    State Farm
    $4,143
  • Metropolitan
    State Farm
    $4,143
  • Allstate
    Nationwide
    $4,716
  • Travelers
    Nationwide
    $5,129
  • Metropolitan
    Nationwide
    $5,662
  • MetLife
    Nationwide
    $5,662
  • State Farm
    Nationwide
    $5,707

Should You Bundle Home and Auto Insurance in Maryland?

Although having a bundled auto and home insurance policy in Maryland is recommended, you may encounter situations in which separate policies feature lower premiums. You can determine the right choice for your needs by comparing multipolicy and non-bundling rates across different providers.

  • This is an icon

    Bundle discounts in Maryland can save you between 8% and 21% per year.

    In Maryland, you save an average of 11% on your premium if you bundle home and auto insurance. Actual discounts vary based on the insurer. For instance, State Farm has a discount of around 21%, the highest in the state, whereas Metropolitan only offers roughly 8%, which is the lowest. Metropolitan has a lower average premium than State Farm.

  • This is an icon

    Bundles are a convenient way to combine your most important property insurance policies.

    Getting the best bundle insurance in Maryland can help you manage your auto and home insurance policies more conveniently while saving money. You can take advantage of available discounts and use these to lower your premiums significantly.

  • This is an icon

    In rare cases, it might be better not to bundle in Maryland.

    On average, the cheapest non-bundled policies in Maryland feature higher premiums than if they were bundled with one company. However, since each insurance company determines its rates differently, you should compare actual rates for your profile from different companies to determine a suitable option.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.