Home insurance in Maryland costs about $195 monthly or $2,341 annually on average. Homeowners in the state pay $25 less per month, or $294 less annually, than the national average, making it the 21st most affordable state for home insurance.
Average Home Insurance Cost in Maryland
Updated: May 29, 2025
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Rates updated:
Jun 06, 2025
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Key Takeaways
Maryland home insurance costs about $2,341 per year, with annual rates ranging from $1,335 to $6,173, depending on several factors.
Maryland's home insurance premiums are the 21st most affordable in the country, at 11% below the national average.
To find the best home insurance in Maryland, determine your coverage needs, research providers and costs and gather multiple quotes.
How Much Is Home Insurance in Maryland?
| Maryland Average | $195 | $2,341 | -11% |
| National Average | $220 | $2,635 | 0% |
*These rates represent a home built in 2000 out of frame with $250K dwelling, $125K personal property and $200K liability coverage with a $1,000 deductible.
Average Home Insurance Cost By City
Depending on your city, various risk factors, including your property's age, weather-related factors and home valuations, change drastically, affecting home insurance costs. For example, Baltimore's average monthly home insurance cost is around $224; in Columbia, it's much lower at $171.
| Baltimore | $224 | $2,685 |
| Columbia | $171 | $2,052 |
*These rates represent a home built in 2000 out of frame with $250K dwelling, $125K personal property and $200K liability coverage with a $1,000 deductible.
Why Is Home Insurance so Expensive in Maryland?
Home insurance is expensive in Maryland mainly because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail:
Rising Claims
As homeowners file more claims, insurers adjust rates to cover losses. Frequent claims suggest a higher risk of future payouts, leading to increased premiums to maintain profitability.
High Weather Risks
Regions with severe weather, such as hurricanes or wildfires, pose higher risks for damage. Insurers raise premiums to account for potential costly claims resulting from these natural disasters.
Rising Material and Labor Costs
When the cost to repair or rebuild homes goes up due to pricier materials and labor, insurance companies raise premiums to ensure they can cover these higher expenses in claims.
State Insurance Laws
State-specific regulations can influence insurance costs. Mandates on coverage types or minimum limits can drive up the price insurers charge for policies to comply with these legal requirements.
What Affects Maryland Home Insurance Costs?
Like for most home insurance companies, regardless of state, pricing is mostly affected by these factors:
- Location
- Coverage chosen
- Home build details
- Provider chosen
- Credit
- Claims history
We'll highlight below how much each factor affects rates specific to Maryland for these major factors.
How Much Does Location Affect Home Insurance Costs?
Location is the biggest factor affecting home insurance rates in Maryland, with rates varying by up to 29%. Weather risks, home value and population density in your area play a major role in determining costs.
| Lowest | Maryland Very Small Tier Aggregate | $152 | $1,827 |
| Highest | Baltimore | $251 | $3,012 |
How Much Does Coverage Affect Home Insurance Costs?
Coverage choices are the second most influential factor in Maryland home insurance rates, averaging from $1,272 to $7,762 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs.
| Lowest | $100K Dwelling / $50K Personal Property / $100K Liability | 2000 | $106 | $1,272 |
| Highest | $1MM Dwelling / $500K Personal Property / $1MM Liability | 500 | $647 | $7,762 |
How Much Do Home Details Affect Home Insurance Costs?
Home details like age, construction materials and roof type are the third most influential factor in homeowners insurance rates in Maryland, averaging from $82 to $197 per month. These factors affect replacement costs and the risk of damage or theft, leading to significant rate differences.
| Lowest | New | Superior | Tile | $82 | $980 |
| Highest | Old | Frame | Shake-Treated | $197 | $2,360 |
How Much Does the Provider You Choose Affect Home Insurance Costs?
Your choice of insurer is the fourth most influential factor in Maryland home insurance rates, with prices ranging from 35% below to 112% above the state average.
| Lowest | State Farm | $122 | $1,458 |
| Highest | Travelers | $396 | $4,751 |
How Much Does Credit Affect Home Insurance Costs?
A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to a certain percentage, with annual average rates ranging from $2,236 to a higher amount for lower credit scores.
| Lowest | Good | $186 | $2,236 |
How Much Does Claims History Affect Home Insurance Costs?
In Maryland, claims history has a smaller impact on homeowners insurance premiums than other factors, affecting rates by up to 29% or $877 annually. Filing more claims increases perceived risk, leading to higher premiums.
| Lowest | Claim free for 5+ years | $186 | $2,236 |
| Highest | 2 claims in past 5 years | $328 | $3,936 |
Tips to Save on Maryland Home Insurance
With high home insurance costs in Maryland, it's crucial to find ways to save on premiums, whether purchasing a new home or cutting costs on your current one. Below are tips to help you secure the best and cheapest home insurance in Maryland tailored to your needs.
- 1
Find How Much Coverage You Need Beforehand
Determining how much home insurance you need before buying allows you to frame how you search for coverage and avoid being oversold by agents. In addition to standard coverage options, you should also consider if you need add-ons to protect any additional items you own.
- 2
Research Costs and Discounts
Understanding the average costs for you and your home is vital. Also, inquire about all available home insurance discounts, as some insurers apply certain reductions only if requested.
- 3
Compare Multiple Providers
Find the right coverage by comparing multiple insurers equally. Use different methods, such as online comparison sites, brokers, provider websites, and agents, as quotes can vary significantly across these channels.
- 4
Consider Bundling Policies
Bundling policies can lead to significant savings. For instance, combining home and auto insurance in Maryland can help you save up on both policies.
- 5
Reduce Your Personal Risk Profile
Cheaper premiums can be achieved by making home improvements like installing storm shutters or security systems. Enhancing your credit score is also beneficial; improving from a fair to a good score can save you 28% on average.
- 6
See if You Are Eligible for State Programs
Explore state programs for affordable coverage if denied traditional insurance. For example, Maryland offers the TFPA policy, which meets mortgage requirements even if it doesn't provide the same coverage as traditional policies.
Maryland Home Insurance Calculator: Bottom Line
Home insurance costs vary, mainly due to where you live and your coverage amount. To find affordable rates, look into your insurance needs and typical costs, then try our estimate tool for the best deal.
Homeowners Insurance Calculator Maryland: FAQ
The cost of homeowners insurance in Maryland depends on several factors. To help you estimate your expenses, MoneyGeek answers common questions about home insurance in the state.
How much does homeowners insurance cost in Maryland?
Maryland's average monthly home insurance cost is $195 for a dwelling coverage of $250K. However, your rate will depend on factors like your credit score, liability and property coverage limits and deductible.
How do I know how much dwelling coverage to get?
Homeowners can estimate their required dwelling coverage by calculating the cost to replace their home after damage, often with help from an appraiser. While this study uses a baseline coverage of $250K, you can use the MoneyGeek homeowners insurance calculator to find the best coverage limit for your needs.
What factors affect home insurance costs the most?
The biggest factors affecting home insurance costs are your location, chosen coverage level and provider. Your credit score and home details also play a crucial role.
How We Determined Our Maryland Home Insurance Estimates
When determining the average cost of home insurance in Maryland, we used a base profile for a simple estimate consistent with the following:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- Home built year: 2000
- Construction type: Frame
- Roof type: Composition
- $1,000 deductible
- No claims in the past 5+ years
- Fire protection level of 3
However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.
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.