Updated: October 7, 2025
Advertising & Editorial Disclosure
The average cost of homeowners insurance in Maryland in 2024 is $1,916. This figure is $507 less than the national average of $2,423.
Aside from the amount of coverage you get on your home, the insurance provider has the largest impact on premiums. In Maryland, the difference between the lowest and highest premium reaches $3,310.
If your rates have recently increased, we've also analyzed the cheapest policies in Maryland. Switching providers could lead to more manageable premiums.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Oct 31, 2025
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Table of Contents
We collected Maryland homeowners insurance quotes from multiple insurers using our standard homeowner profile.
These rates reflect the average cost of home insurance in Maryland as of 2024.
Maryland homeowners insurance costs $1,916 per year on average for $250K dwelling coverage, $125K personal property and $200K liability, about $500 less than the national average of $2,423.
Choose coverage that matches what you need to rebuild your home completely if it's destroyed. Factor in your personal property, additional structures like sheds or detached garages, liability protection and living expenses if you can't stay home during repairs.
A policy with $100K dwelling coverage costs $1,206 per year in Maryland. If you need more protection for a larger or more valuable home, a $500K dwelling coverage policy runs $3,297 annually. Your premium increases with your coverage amount.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,206 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,916 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,297 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $4,730 |
Maryland homeowners insurance rates vary widely by company. Farmers charges $1,072 per year, well below the state average, while Travelers charges $3,821 for the same coverage.
Shop around among Maryland's top providers to find your best rate. Each company uses different underwriting criteria, which explains the huge price differences for identical coverage.
| Farmers | $1,072 |
| State Farm | $1,379 |
| Homesite | $1,413 |
| USAA | $1,452 |
| Nationwide | $1,704 |
| Chubb | $1,993 |
| Allstate | $2,493 |
| Travelers | $3,821 |
Your home's construction materials and roof type affect your insurance rate, though not as much as your coverage amount or credit score.
Tile roofs cost less to insure in Maryland because they're more durable. Shake-treated roofs are less resistant to severe weather, so they cost more. For construction, fire-resistant materials like brick or concrete lower your premiums compared to standard wood frame construction.
Here's how different roofing and construction materials affect your rates:
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,206 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $1,916 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $3,297 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $4,730 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $6,222 |
New construction homes in Maryland cost less to insure because they use modern materials and meet current building codes. A newly built home costs $1,000 per year on average, $916 less than homes built around 2000, which average $1,916 annually.
Here's how premiums compare for new versus existing homes at different coverage levels:
| Existing Construction (2000) | $1,916 |
| New Construction (2023) | $1,000 |
Maryland homeowners with no claims in the past five years pay $1,916 per year on average. One claim in the past five years raises your rate to $2,547 annually, and two claims increase it to $3,308. File claims only for major losses to keep your rate low.
| Claim free for 5+ years | $1,916 |
| 1 claim in past 5 years | $2,547 |
| 2 claims in past 5 years | $3,308 |
In Maryland, hurricanes and winter storms pose risks to homeowners. While homeowners insurance covers wind damage from hurricanes, it doesn't cover flooding.
Maryland homeowners insurance costs vary by city, ranging from $1,724 to $2,287 annually. Columbia residents pay the lowest rates at $1,724, while Baltimore homeowners pay the highest at $2,287. Your location affects your rate based on local crime rates, weather patterns and claims history.
| Baltimore | $2,287 |
| Columbia | $1,724 |
Shop smart for Maryland homeowners insurance by comparing quotes and understanding what drives your rate. Here's how to find the best value:
Know how much coverage you need by calculating your home's rebuilding cost, not its market value. Include enough to replace your belongings and cover temporary housing if needed.
Get quotes from at least three insurers with identical coverage limits so you can compare. Rates vary widely by company for the same coverage.
Ask every insurer about available discounts. Common ones include bundling home and auto policies, installing security systems and staying claims-free.
Check customer complaint ratios with the Maryland Insurance Administration and look at financial strength ratings from AM Best. You want an insurer that pays claims fairly and has the money to do it.
Pick a deductible you can afford to pay out of pocket. Higher deductibles lower your premium but mean more upfront costs if you file a claim.
Buy the policy with the best combination of coverage, price and company reputation. Keep your policy documents somewhere safe and review your coverage annually.
Bundle your home and auto insurance in Maryland to save money. Our analysis found bundling discounts ranging from $308 to $764, with average savings of 12% on your combined premiums. See which companies offer the best home and auto bundles in Maryland.
Ask about these common Maryland homeowners insurance discounts:
Check our guide on how to save with discounts for more ways to lower your rate. When you request quotes, ask about every available discount since not all companies offer the same ones.
Here are answers to common questions about Maryland homeowners insurance costs, coverage and discounts:
Farmers offers the lowest average premium in Maryland at $1,072 per year.
Flooding isn't covered by standard homeowners insurance in Maryland. Buy separate flood insurance for disasters through the National Flood Insurance Program, a private flood insurer or as an endorsement from some home insurers.
Your insurance company choice is the biggest factor affecting your homeowners insurance price in Maryland, with premiums ranging from $1,072 to $3,821 between insurers for identical coverage.
Bundling home and auto insurance in Maryland saves you an average of 12%, or between $308 and $764.
These resources help you find the right coverage and understand Maryland insurance regulations:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
