Average homeowners insurance cost in Maryland

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Home insurance in Maryland costs an average of $1,910 per year for standard coverage.

Your actual cost depends on your dwelling coverage limit and the protection level you choose. Higher coverage means higher premiums. State Farm offers competitive rates in the state, making it a strong option to consider as you compare coverage levels.

Shop around and ask about discounts. Rates vary widely between insurers, and depend on factors like your home’s location, age, construction, roof condition, and claims history-so getting quotes specific to your address and comparing several companies helps you find the best deal.

Key Takeaways

Based on our data, homeowners insurance in Maryland costs an average of $1,910 per year.
Among all ZIP codes in Maryland, 21157 has the most affordable rates, averaging around $1,566 annually.
For the lowest insurer rates in Maryland, State Farm comes in at an average annual premium of $1,311.

What is the average cost of homeowners insurance in Maryland?

The average homeowners insurance premium in Maryland is $1,910 per year. That figure is based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Maryland? Cost by coverage level

On average, homeowners in Maryland pay $1,910 a year for insurance – a figure based on $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Raising your dwelling coverage from $300,000 to $400,000, with the same liability and deductible, brings the average annual cost to $2,347 in Maryland.

The table below shows average homeowners insurance costs in Maryland for dwelling coverage from $200,000 to $1 million.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,479	$123
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,487	$124
$300,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$1,910	$159
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$1,918	$160
$400,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$2,347	$196
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$2,355	$196
$600,000 with $1,000 Deductible and $200,000 Liability and 2% Hurricane	$3,200	$267
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Hurricane	$3,210	$267
$1,000,000 with $2,500 Deductible and $200,000 Liability and 2% Hurricane	$4,434	$370
$1,000,000 with $2,500 Deductible and $300,000 Liability and 2% Hurricane	$4,444	$370

Average home insurance cost in Maryland by insurer

The most affordable homeowners insurance in Maryland comes from State Farm, which averages $1,311 per year. Travelers and Erie Insurance are also worth considering.

Shopping around can save you hundreds, or more, each year.

Below are average annual and monthly premiums for Maryland homeowners, based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
State Farm	$1,311	$109
Travelers	$1,438	$120
Erie Insurance	$1,844	$154
Allstate	$1,943	$162
American Family	$2,148	$179
Chubb	$2,350	$196
Nationwide	$2,553	$213
USAA*	$1,779	$148

*USAA is only available to military community members and their families.

How to lower your home insurance rate

Shop around. The first quote you receive is rarely the best one. Getting estimates from at least three or four insurers gives you a clearer picture of what’s available in Maryland.
Bundle your policies. Combining home and auto insurance, or renters and auto, with the same provider is one of the most common ways to unlock multi-policy discounts.
Ask about smart home discounts. Security systems, smoke detectors, and leak sensors are the kinds of upgrades that can bring your premium down.
Check for other savings. Loyalty discounts, claims-free rewards, and home improvements like fire-resistant roofing are worth asking about at renewal.

How does your ZIP code affect home insurance rates in Maryland?

Your ZIP code shapes your home insurance rate by showing insurers the risk tied to your location. Higher crime, greater exposure to natural disasters, and steeper rebuilding costs all push an area into higher-risk territory-and premiums rise accordingly.

Below, see the most and least expensive ZIP codes for home insurance in Maryland.

Most affordable ZIP codes for home insurance in Maryland

The lowest rates in Maryland are found in 21157, where homeowners pay an average of $1,566 per year.

Where you live in Maryland has a real impact on what you’ll pay for home insurance – and your ZIP code is one of the largest drivers of that difference.

Below are average homeowners insurance rates for some of the most affordable ZIP codes in Maryland.

ZIP code	Average annual rate	Average monthly rate
21157	$1,566	$131
21074	$1,573	$131
20814	$1,576	$131
20832	$1,584	$132
20872	$1,585	$132
21158	$1,586	$132
20817	$1,587	$132
20812	$1,588	$132
20816	$1,590	$133
20879	$1,593	$133

Most expensive ZIP codes for home insurance in Maryland

21824 carries the highest average home insurance rates in Maryland, at $3,044 per year.

ZIP codes with higher premiums typically reflect a combination of elevated crime, greater natural disaster exposure, and higher local costs of living and construction.

Below are average rates for some of the most expensive ZIP codes in Maryland.

ZIP code	Average annual rate	Average monthly rate
21824	$3,044	$254
21842	$2,951	$246
21817	$2,797	$233
21864	$2,784	$232
21862	$2,765	$230
21829	$2,724	$227
21811	$2,691	$224
21813	$2,663	$222
21841	$2,630	$219
21627	$2,619	$218

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Maryland by city

See rates in your city

How have home insurance rates changed in Maryland?

Home insurance rates in Maryland increase by 15% from 2023 to 2025. This reflects broader trends in the state’s insurance market over the past few years.

The below data shows how much homeowners insurance rates have changed since 2022.

2022 rates	2023 rates	2025 rates
$1,652	$1,662	$1,910

What are the best homeowners insurance companies in Maryland?

Based on our data, Travelers stands out as a top choice in Maryland. It earns an AM Best rating of A++ and one of the lowest NAIC complaint scores in the state-a combination that points to both financial stability and customer satisfaction.

To identify the most reliable insurers, we weighed two key metrics:

AM Best Rating, which evaluates a company’s financial strength and its ability to pay out claims.
NAIC Complaint Score, which reflects how many complaints a company receives relative to its size, so a lower score signals fewer problems.

Together, these metrics help you determine an insurer’s financial stability and customer satisfaction. The table below breaks down the best companies in Maryland by average annual premium, financial rating, and complaint history.

Company	Average annual premium	Am Best Rating	NAIC Complaint Index	Overall score
Travelers	$1,438	A++	0.91	4.87
Chubb	$2,350	A++	0.07	4.79
State Farm	$1,311	A+	1.15	4.77
Allstate	$1,943	A+	1.26	4.69
Erie Insurance	$1,844	A	0.46	4.64
American Family	$2,148	A	1.07	4.57
Nationwide	$2,553	A	1.34	4.5
USAA*	$1,779	A++	0.46	4.85

*USAA is only available to military community members and their families.

How to understand insurer ratings and complaint data

Picking an insurer really comes down to whether they pay when you file a claim, and whether they treat you well along the way. You don’t have to guess – independent rating agencies track this data so you can choose with confidence, whether you’re signing up or renewing.

These are the two ratings we’ve used:

AM Best is a global agency that scores insurers on their financial strength and ability to pay claims. The higher the rating, the more stable the company.
NAIC Complaint Index, run by the National Association of Insurance Commissioners, tracks consumer complaints. A score of 1.00 is the industry average; below 1.00 means fewer complaints than expected for the company’s size, and above 1.00 means more.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources and Methodology

Sources:

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed August 2026.

Methodology

Insure.com worked with Quadrant Information Services to compile homeowners insurance data, analyzing 37,973,840 quotes from 75 company groups (134 companies) across 34,595 ZIP codes in all 51 states.

Rates are based on a sample homeowner profile with good credit and the following coverage:

$300,000 dwelling coverage
$100,000 liability protection
$1,000 deductible

The national average annual premium (non-hurricane deductible) is $2,543.

Company rankings factor in:

AM Best rating: 30%
NAIC score: 35%
Annual premium: 35%

All quoted rates are for comparison purposes and individual premiums may vary.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.