Updated: March 11, 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 costs $193 annually, which breaks down to $16 per month and matches the national average exactly. Maryland renters pay these rates largely due to higher crime rates in urban areas and the state's proximity to natural disaster zones, while higher population density across Maryland's cities contributes to more frequent insurance claims that drive up costs for insurers.
Columbia offers the most affordable renters insurance in Maryland at $15 monthly ($176 annually), while Baltimore has the highest rates at $18 per month ($211 annually). Most cities stay close to Maryland's $16 average, with crime rates, weather exposure and local claims history accounting for the differences 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 most affordable option at Maryland's highest coverage tier, charging $34 monthly for $250,000 in personal property coverage and $300,000 in liability protection. However, USAA provides the cheapest rates across the three lower coverage tiers, from $20,000 to $100,000 in personal property coverage with $100,000 liability limits. Maryland renters can save money by choosing the right provider for their specific coverage needs.
| $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 costs $16 per month or $193 annually for $20,000 in personal property coverage. The state matches the national average because severe weather risks and higher property crime rates in metro areas balance out other factors.
USAA offers the most affordable $100,000 renters insurance at $24 monthly, while Maryland's average is $43 per month or $517 annually. Most renters select $20,000 to $50,000 in coverage instead. The $100,000 tier works best for 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 part of your lease agreement. Your landlord's specific requirements may vary based on your rental history, credit score and pet ownership. Review your lease carefully to understand the exact coverage amounts you'll need.
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 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.
