Chubb leads our rankings of the best home insurance companies in Baltimore with a MoneyGeek score of 4.8 out of 5, offering reliable local agent support at $190 monthly. USAA earned the highest score at 5.0 for military families and veterans but didn't earn the No. 1 spot in our ranking because of its eligibility requirements. State Farm, Farmers and Homesite complete our top five rankings for Baltimore homeowners.
Best Cheap Home Insurance in Baltimore, Maryland
Updated: February 25, 2026
Advertising & Editorial Disclosure
Compare the Best Home Insurance Companies in Baltimore
| Chubb | 4.74 | $190 |
| USAA | 5 | $137 |
| State Farm | 4.67 | $138 |
| Farmers | 4.52 | $177 |
| Homesite | 4.37 | $166 |
*Rates are for a 2,500-square-foot home with $250,000 in dwelling coverage and a $1,000 deductible, built in 2000.
Our Top 3 Recommendations for Baltimore Homeowners Insurance
Chubb
Best for Baltimore Homeowners
MoneyGeek Rating
4.7/ 5
4.9/5Affordability
4.6/5Customer Experience
4.6/5Coverage
J.D. Power Customer Satisfaction Score
677/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Average Monthly Premium
$190Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.
USAA
MoneyGeek Rating
5/ 5
5/5Affordability
5/5Customer Experience
5/5Coverage
J.D. Power Customer Satisfaction Score
737/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Average Monthly Premium
$137Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.
State Farm
MoneyGeek Rating
4.7/ 5
5/5Affordability
4.3/5Customer Experience
4.2/5Coverage
J.D. Power Customer Satisfaction Score
657/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average score is 642/1,000.Average Monthly Premium
$138Based on our methodology's base profile of a policy with $250K in dwelling coverage, $125K in personal property coverage and $200K in liability coverage with a $1,000 deductible.
How Much Does Baltimore Home Insurance Cost?
Baltimore homeowners pay $247 monthly on average for home insurance with $750,000 dwelling coverage, $375,000 personal property protection and $500,000 liability limits, compared to Maryland's average of $219 per month. Your premium varies based on your home's age, construction materials and chosen deductible amount.
Baltimore's waterfront location drives up premiums through high crime rates that increase theft and vandalism risks, plus proximity to water areas that raise flooding and storm damage exposure. These combined factors contribute to higher insurance costs due to increased likelihood of claims and property damage.
| $100K Dwelling / $50K Personal Property / $100K Liability | $154 | $1,854 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $247 | $2,960 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $409 | $4,914 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $585 | $7,014 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $766 | $9,186 |
Who Has the Cheapest Home Insurance in Baltimore?
USAA offers the lowest home insurance rates in Baltimore at $137 monthly, which saves homeowners 44% compared to the city's $247 average. State Farm ranks second for affordability at $138 per month, providing a 44% discount from typical premiums while maintaining strong coverage options and local agent support.
| USAA | $137 | -44% |
| State Farm | $138 | -44% |
| Homesite | $166 | -33% |
| Farmers | $177 | -28% |
| Chubb | $190 | -23% |
COMPARE COVERAGE, NOT JUST COST
Baltimore homeowners should look at coverage limits, deductibles and satisfaction ratings along with premiums when shopping for insurance. The cheapest rates don't always provide the best value, so you'll want adequate coverage for your home. Find out about top providers in our best homeowners insurance companies in Maryland review.
How to Get the Best Cheap Home Insurance in Baltimore
Getting cheap home insurance in Baltimore means balancing cost with coverage for local risks.
Compare quotes from multiple insurers
Get quotes from at least three companies as rates vary widely, with premiums ranging from $137 to $190 per month among top-rated Baltimore insurers.
Bundle home and auto policies
Bundling policies can save you 10% to 25% with most Baltimore insurers, and companies such as Allstate and State Farm provide multi-policy discounts.
Maintain a strong credit score
Insurers in Maryland use credit-based insurance scores to calculate premiums, so better credit can lower your rates over time.
Upgrade your home’s safety features
Monitored security systems, smoke detectors, fire sprinklers and storm shutters can earn you discounts of 5% to 20% based on which improvements you make.
Best Home Insurance in Baltimore: Bottom Line
Baltimore's home insurance costs average $247 monthly, and rates range from $137 to $190 among leading insurers, depending on what coverage you need. USAA has the cheapest home insurance rates at $137, but it is limited to military personnel. Chubb leads our rankings for non-military Baltimore homeowners with a 4.8/5 MoneyGeek score.
Baltimore Home Insurance: FAQ
Common questions from Baltimore homeowners include what coverage they need and how to lower costs.
Does home insurance cover wind damage in Baltimore?
Yes, wind damage is covered under standard home insurance. Wind damage to your roof, siding, windows and other structures is covered, after you pay your deductible.
What doesn't home insurance cover?
Home insurance doesn't cover earthquakes, flood damage, normal wear and tear and damage from lack of maintenance. Baltimore homeowners near flood-prone areas should purchase separate flood insurance through the National Flood Insurance Program.
Is home insurance required in Baltimore?
Maryland doesn't require home insurance by law, but lenders require coverage until you've paid off your mortgage. Even without a mortgage, homeowners should keep insurance to protect against financial losses from flooding from heavy rainfall, theft and property crime common in Baltimore.
What discounts are available for Baltimore homeowners?
Baltimore homeowners save by bundling home and auto policies for 10% to 25% off, installing security systems (5% to 15% discount), upgrading to fire-resistant roofing materials (up to 20% savings) and maintaining a claims-free history for three or more years.
Our Methodology: Determining the Best Cheap Home Insurance Companies in Baltimore
We analyzed premium data from Quadrant Information Services for 10 major insurers serving Maryland, then evaluated their coverage options and customer experience to identify companies with the best combination of affordability, financial strength and service for Baltimore homeowners.
Our base profile used a 2,500-square-foot home built in 2000 with $250,000 dwelling coverage, $125,000 personal property coverage and $200,000 liability coverage. All policies included a $1,000 deductible to make sure we compared rates accurately. We also analyzed rates for newly constructed homes, increased dwelling coverage limits, higher deductibles of $2,500 or $5,000 and homeowners with poor credit scores to understand how insurers price coverage across different risk profiles.
We combined affordability scores (weighted 55%), customer satisfaction data from J.D. Power surveys and customer reviews (weighted 30%) and coverage add-on availability (weighted 15%) to calculate each company's final MoneyGeek score.
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.