Maryland homeowners pay $2,623 annually for home insurance, coming in 24% below the national average of $3,467. This translates to $845 in annual savings compared to U.S. rates. Maryland ranks 21st nationwide for home insurance costs, making it one of the more affordable states for homeowners coverage.
Average Home Insurance Cost in Maryland
Updated: January 6, 2026
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Key Takeaways: Maryland Home Insurance Rates
Maryland homeowners pay an average of $219 monthly or $2,623 annually for home insurance, ranking as the twenty-first most expensive state.
Determine your coverage needs, gather multiple quotes and research providers to find the best home insurance in Maryland at competitive rates.
MoneyGeek's free home insurance calculator helps you estimate costs in seconds without providing any personal information.
How Much Is Home Insurance in Maryland?
| Maryland | $2,623 | $3,467 | -24% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
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$220
High
$144
Average
$104
Low
Rates updated:
Jan 29, 2026
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What Factors Impact Average Home Insurance Costs in Maryland?
Maryland home insurance costs vary based on multiple factors. Your location, coverage limits, home's construction materials, insurance company and claims history all impact your premium.
Average Maryland Home Insurance Cost by City
Location within Maryland can change how your home insurance is priced. Baltimore and Gwynn Oak homeowners pay the highest rates at $2,960 and $2,943 annually, while Columbia residents benefit from the lowest premiums at $2,290 per year.
| Baltimore | $247 | $2,960 |
| Catonsville | $220 | $2,638 |
| Columbia | $191 | $2,290 |
| Crownsville | $201 | $2,407 |
| Gwynn Oak | $245 | $2,943 |
| Harwood | $208 | $2,491 |
Average Maryland Homeowners Insurance Pricing by Coverage Level
Maryland homeowners insurance premiums vary based on your coverage choices, ranging from $1,650 to $8,029 annually. Higher coverage limits and lower deductibles push premiums up, while choosing lower limits and higher deductibles brings costs down.
| $100K Dwelling / $50K Personal Property / $100K Liability | $138 | $1,650 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $219 | $2,623 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $363 | $4,350 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $514 | $6,169 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $669 | $8,029 |
Average Cost of Maryland Home Insurance by Company
Home insurance costs in Maryland vary dramatically by company. Travelers charges an average of $6,559 annually, while USAA offers coverage for just $1,488 per year.
| USAA | $124 | $1,488 |
| Homesite | $127 | $1,523 |
| State Farm | $128 | $1,537 |
| Farmers | $160 | $1,916 |
| Chubb | $169 | $2,027 |
| Nationwide | $188 | $2,259 |
| Allstate | $306 | $3,671 |
| Travelers | $547 | $6,559 |
Maryland Homeowners Insurance Costs by House Age
Construction year directly impacts insurance expenses in Maryland. Homes built in 2020 cost $1,669 to insure annually, climbing to $2,870 for 1980 construction. Older properties cost $1,201 more per year than newer builds due to outdated systems, aging materials and higher repair costs.
| Newer | $139 | $1,669 |
| Middle Age | $219 | $2,623 |
| Older | $239 | $2,870 |
DOES YOUR CREDIT SCORE IMPACT MARYLAND HOME INSURANCE RATES?
Maryland doesn't allow home insurers to use credit scores when setting rates. If you live in Maryland, insurance companies focus on other factors like your claims history, home age and location instead of your credit.
Why Is Home Insurance So Affordable in Maryland?
Maryland homeowners enjoy below-average insurance costs despite the state's coastal location and weather exposure. Several factors contribute to Maryland's competitive rates.
Competitive Insurance Market
Multiple insurance providers operate in Maryland, creating strong competition that drives down prices.
Moderate Risk Profile
Maryland experiences lower claim frequency than many other states, allowing insurers to charge less. Fewer claims mean lower payouts for insurance companies, which translates to reduced premiums for policyholders.
Reasonable Construction Costs
Building materials and labor costs in Maryland remain moderate compared to other regions. Lower replacement costs mean insurers pay less when homes require repairs or rebuilding after covered events. These reduced potential payouts allow companies to offer more affordable premiums.
Tips to Save on Maryland Home Insurance
Maryland home insurance costs continue rising, making it important to find the cheapest home insurance in Maryland available. These proven strategies will help you lower your premiums.
- 1Determine Your Coverage Level
Calculate your home's replacement cost based on current construction prices, not market value. Take inventory of belongings to establish personal property coverage requirements.
Maryland homeowners in areas like Baltimore County should consider add-ons such as water backup coverage or scheduled personal property protection for valuable items like jewelry or electronics.
- 2Learn About Average Rates and Available Discounts
MoneyGeek's Maryland home insurance calculator estimates fair pricing based on your property's specifics. Request quotes that include available discounts for security systems, newer construction, claim-free records, and protective devices.
- 3Compare at Least Three Insurers
Gather quotes from at least three insurers and evaluate beyond price alone. Check customer satisfaction ratings, claims service quality and financial strength.
- 4Bundle Your Home and Auto Policies
Combining home and auto insurance with one provider reduces rates on both policies by 10% to 25% in Maryland.
REVIEW YOUR POLICY ANNUALLY
Maryland homeowners should review their insurance policy every 12 months to ensure coverage matches current needs. Property values change, renovations increase replacement costs, and life changes affect liability requirements. Set a calendar reminder each year to verify your dwelling coverage reflects current construction costs, personal property limits account for new purchases, and liability coverage adequately protects your assets. This annual review prevents both overpaying for unnecessary coverage and underinsuring your home.
Calculate Maryland Homeowners Insurance Costs: FAQ
Maryland homeowners insurance costs vary based on your property and coverage choices. The FAQs below explain key factors that affect your premiums and help you understand potential expenses.
How much will my premium increase after filing a claim in Maryland?
In Maryland, your homeowners insurance premium jumps by $417 after one claim and $769 after two claims compared to claim-free customers. Homeowners without claims pay $2,623 annually on average. One claim pushes your rate to $3,040 per year, while two claims cost $3,391 annually.
How much can I save by choosing a different insurer in Maryland?
Shopping around for home insurance in Maryland can slash thousands from your annual premium. The rate differences between insurers are striking: USAA offers coverage for just $124 monthly while Travelers charges $547 for similar protection.
Farmers averages $160 per month compared to Chubb's $169, creating a $9 monthly difference that adds up over time. Compare quotes from at least three insurers to find the best rate for your situation.
Does Maryland require homeowners insurance by law?
Maryland doesn't legally require homeowners insurance, but mortgage lenders mandate coverage as a loan condition. If you own your home outright without a mortgage, insurance remains optional, though financial advisors strongly recommend maintaining coverage.
What natural disasters does Maryland home insurance cover?
Standard Maryland home insurance policies cover wind damage, hail, lightning and fire damage. But flood damage requires separate flood insurance through the National Flood Insurance Program or private insurers. Earthquake coverage also requires an additional endorsement, though seismic activity rarely affects Maryland properties.
How can I lower my home insurance costs in Maryland?
You can lower your Maryland home insurance costs using several effective strategies. Shopping around is important since rates can vary by thousands of dollars between insurers for identical coverage. Maintaining a claim-free record saves you $417 annually compared to filing one claim, or $769 yearly versus filing two claims over five years.
Raising your deductible from $500 to $1,000 reduces your annual premium by $190. While you'll pay more upfront when filing a claim, these yearly savings accumulate over time. Ask insurers about available discounts for bundling policies, installing security systems or owning a newer home. Even small discounts can meaningfully reduce your annual premium and make coverage more affordable.
How We Analyzed Maryland Home Insurance Rates
MoneyGeek analyzed real premium data from Maryland insurers to show how specific factors affect your home insurance costs. This approach reveals actual price differences rather than relying on advertised rates.
We built our analysis around a standard homeowner profile: $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage, and a $1,000 deductible. The model assumes a home built in 2000 with frame construction, a composition roof, and no claims filed in the past five years.
This profile represents typical Maryland homeowners across the state. The $250,000 dwelling amount aligns with median home values in many Maryland markets. The 2000 construction year reflects the most common age range for homes currently insured in Maryland.
Our research method changed one factor at a time while keeping everything else identical. For example, when testing how home age affects rates, we compared homes built in 1980, 2000, and 2020 using the same coverage amounts and homeowner characteristics. This isolates what each factor actually costs.
Your actual premiums will be different depending on your home's construction, age, roof type, location, coverage choices, claims history, and credit profile. The rate differences shown here demonstrate how much these individual factors can impact your final cost.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.