Updated: June 1, 2026
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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.
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.
Use our free Maryland home insurance calculator below to get costs estimates for your zip code and coverage limits.
| 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.
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:
Jun 12, 2026
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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.
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 |
Maryland homeowners insurance costs between $1,650 and $8,029 per year, depending on the coverage you choose. The more coverage you carry and the lower your deductible, the more you'll pay each month. Raising your deductible or lowering your limits brings the premium 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 |
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 |
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 |
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.
Maryland homeowners enjoy below-average insurance costs despite the state's coastal location and weather exposure. Several factors contribute to Maryland's competitive rates.
Multiple insurance providers operate in Maryland, creating strong competition that drives down prices.
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.
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.
Maryland home insurance rates have gone up, but there are real ways to pay less without cutting coverage. The strategies below can help you find the cheapest home insurance in Maryland and lower your premiums.
Figure out how much it would cost to rebuild your home at today's prices, not what your home is worth on the market. List your belongings to decide how much personal property coverage you need.
Maryland homeowners in areas like Baltimore County should look into add-ons such as water backup coverage or scheduled personal property protection for valuable items like jewelry or electronics.
Use MoneyGeek's Maryland home insurance calculator to get a pricing estimate based on your home's details. When you request quotes, ask about discounts for security systems, newer construction, clean claims records and protective devices.
Get quotes from at least three insurers and look at more than just price. Check customer satisfaction ratings, claims service and financial strength.
Combining home and auto insurance with one provider can save you 10% to 25% on both policies in Maryland.
Check your home insurance policy every 12 months to make sure your coverage still fits what you own. Property values change, renovations raise replacement costs and major life changes can affect how much liability coverage you need. Each year, confirm that your dwelling coverage matches current construction costs, your personal property limits account for new purchases and your liability coverage protects your assets.
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.
In Maryland, filing one claim raises your annual premium by $417 on average, from $2,623 to $3,040. A second claim adds another $352, pushing your yearly rate to $3,391.
Shopping around for home insurance in Maryland can cut thousands from your annual premium. Rates vary widely between insurers: USAA charges $124 per month while Travelers charges $547 for similar coverage.
Farmers averages $160 per month compared to Chubb's $169, a $9 monthly difference that adds up to $108 per year. Get quotes from at least three insurers to find the best rate for your situation.
Maryland doesn't require homeowners insurance by law, but mortgage lenders require it as a condition of your loan. If you own your home outright, coverage is optional, though most financial advisors recommend keeping it.
Standard home insurance in Maryland covers wind damage, hail, lightning and fire. Flood damage requires a separate policy through the National Flood Insurance Program or a private insurer. Earthquake damage needs its own endorsement, though Maryland sees very little seismic activity.
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.
MoneyGeek analyzed real premium data from Maryland insurers to show how specific factors affect your home insurance costs, using actual price differences rather than advertised rates.
Our analysis is built 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 home was built in 2000 with frame construction, a composition roof and no claims in the past five years.
To isolate the cost of each factor, we changed one variable at a time while keeping everything else constant. When testing how home age affects rates, for example, we compared homes built in 1980, 2000 and 2020 using the same coverage amounts and homeowner profile.
Your actual premium will vary based on your home's construction, age, roof type, location, coverage choices, claims history and credit profile.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). He began his career in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
