Updated: June 8, 2026
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Maryland's best renters insurance: Erie
Most affordable renters insurance in Maryland: USAA
Typical renters insurance rate in Maryland: $193 per year
Maryland's top best renters insurance provider is Erie, earning a MoneyGeek score of 4.9 out of 5. At $13 monthly, the company leads for its customer experience and coverage.
These five companies earned the top MoneyGeek scores for renters insurance in Maryland:
| Erie Insurance | 4.93 | $13 | $153 |
| State Farm | 4.74 | $13 | $159 |
| Lemonade | 4.67 | $14 | $165 |
| USAA | 4.58 | $12 | $141 |
| Chubb | 4.47 | $18 | $219 |
*Rates for renters aged 26 to 64 with good credit and no claims history. Policy includes $20,000 in personal property coverage, $100,000 in liability coverage and a $500 deductible.
Best for Maryland Renters
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
J.D. Power Renters Insurance Customer Satisfaction Score
Average Annual Premium
Average Monthly Premium
For $20,000 in personal property coverage, Maryland renters can pay as little as $12 per month through USAA. This saves you $4 per month or $48 per year compared to the state average of $16 monthly for cheapest renters insurance.
Rates from the 10 most affordable companies range from $12 to $22 monthly for identical coverage. Half of these insurers charge less than Maryland's $16 state average.
| USAA | $12 | $-4 |
| Erie Insurance | $13 | $-3 |
| State Farm | $13 | $-3 |
| Lemonade | $14 | $-2 |
| Homesite Insurance | $14 | $-2 |
| Farmers | $17 | $1 |
| Nationwide | $18 | $2 |
| Chubb | $18 | $2 |
| Travelers | $20 | $4 |
| Allstate | $22 | $6 |
Renters insurance in Maryland averages $193 per year ($16 per month), matching the national average. Maryland renters pay more in urban areas due to higher crime rates and greater population density, both of which increase claim frequency. The state's proximity to natural disaster zones also pushes costs higher.
Columbia has the lowest renters insurance rates in Maryland at $15 per month ($176 per year). Baltimore has the highest at $18 per month ($211 per year). Most cities stay close to Maryland's $16 monthly average, with crime rates, weather exposure and local claims history accounting for the variation between areas.
| Baltimore | $18 | $211 |
| Catonsville | $16 | $189 |
| Columbia | $15 | $176 |
| Crownsville | $15 | $185 |
| Gwynn Oak | $17 | $205 |
| Harwood | $16 | $189 |
State Farm offers the lowest rate at Maryland's highest coverage tier, charging $34 per month for $250,000 in personal property coverage and $300,000 in liability protection. USAA provides the lowest rates across the three lower coverage tiers, from $20,000 to $100,000 in personal property coverage with $100,000 in liability limits. Choosing the right provider for your coverage tier can reduce premiums meaningfully across all tiers.
| $20K Personal Property / $100K Liability | USAA | $12 |
| $50K Personal Property / $100K Liability | USAA | $17 |
| $100K Personal Property / $100K Liability | USAA | $24 |
| $250K Personal Property / $300K Liability | State Farm | $34 |
Getting the right coverage starts with knowing your coverage options, estimating what your belongings are worth and shopping around for quotes.
Getting quotes from multiple insurers can save real money on renters insurance. USAA charges $12 monthly while Allstate charges $22 for identical $20,000 coverage, a $10 monthly gap. Pull at least three quotes to find the lowest rate, and online comparison tools let you do it in minutes.
Bundling renters and auto policies with the same insurer cuts 10% to 25% off both premiums. State Farm and Auto-Owners both offer this discount, dropping your total insurance costs while consolidating billing into one monthly payment.
Higher deductibles mean lower monthly premiums, but you'll pay more when filing claims. Before raising your deductible, confirm your emergency fund can cover the increased out-of-pocket expense if you need to file a claim.
Many discounts won't apply automatically, so ask what you qualify for. Maryland insurers offer savings for security systems, smoke detectors, claims-free records and automatic payments. State Farm also provides good student discounts for renters under 25 maintaining a B average.
Most Maryland landlords require at least $100,000 in liability coverage, though the state doesn't mandate renters insurance. Factors like pet ownership, credit score and rental history affect your coverage requirements. Your property value, local weather risks and crime rates should inform your coverage limits.
Use our calculator below to find out how much renters insurance you need.
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
Clothes, shoes, bags, belts, hats, gloves, etc.
Review our experts' answers to frequently asked questions below:
Erie earns the top spot for Maryland's best renters insurance with a MoneyGeek score of 4.9 out of 5. At $13 monthly, the company offers high customer satisfaction at affordable rates.
Maryland renters insurance averages $16 per month ($193 per year) for $20,000 in personal property coverage. The state matches the national average because higher property crime rates and severe weather exposure in metro areas offset lower costs elsewhere in the state.
USAA offers the lowest rate for $100,000 renters insurance in Maryland at $24 per month, well below the state average of $43 per month ($517 per year). Most renters choose $20,000 to $50,000 in coverage instead. The $100,000 tier suits renters with expensive belongings or valuable collectibles.
Maryland doesn't legally require renters insurance, but most landlords mandate at least $100,000 in liability coverage as a lease condition. Requirements vary by landlord based on rental history, credit score and pet ownership. Review your lease for the exact coverage amounts required before purchasing a policy.
We analyzed Maryland renters insurance companies to find insurers with affordable rates and excellent service.
We gathered quotes for renters with this profile:
Affordability accounted for 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors earned spots on our list of Maryland's best renters insurance providers.
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.
