Average homeowners insurance cost in Maryland

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The average cost of home insurance in Maryland is $1,707 per year for a standard policy.

Your premium is shaped by the dwelling coverage limit you select and the level of protection you need. Broader coverage generally means a higher cost. Higher coverage means higher premiums. State Farm stands out for its more affordable rates in the state, offering solid value as you weigh different levels of coverage.

Compare quotes from multiple insurers and ask each one what discounts they offer. Premiums can differ significantly from company to company because they weigh things like where your home is located, how old it is, what it’s built from, the shape your roof is in, and your past claims. Pulling several quotes tied to your specific address is the surest way to spot the best value.

Key Takeaways

Based on our data, homeowners insurance in Maryland costs an average of $1,707 per year.
Among all ZIP codes in Maryland, 20852 has the most affordable rates, averaging around $1,363 annually.
For the lowest insurer rates in Maryland, State Farm comes in at an average annual premium of $1,119.

What is the average cost of homeowners insurance in Maryland?

The average homeowners insurance premium in Maryland is $1,707 annually for 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

The typical homeowners insurance policy in Maryland runs $1,707 per year, assuming $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Stepping up to $400,000 in dwelling coverage, with the same liability and deductible settings, brings the average annual cost to $2,123 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 $100,000 Liability and 2% Deductible	$1,311	$109
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,318	$110
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$1,707	$142
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$1,715	$143
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,123	$177
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,131	$178
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,019	$252
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,028	$252
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$4,833	$403
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$4,843	$404

Average home insurance cost in Maryland by insurer

The most affordable homeowners insurance in Maryland comes from State Farm, which averages $1,119 per year. Travelers and Farmers 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	$1,119	$93
Travelers	$1,452	$121
Farmers	$1,548	$129
Allstate	$1,651	$138
Erie Insurance	$1,675	$140
American Family	$1,900	$158
Nationwide	$1,902	$158
Chubb	$2,258	$188
USAA*	$1,780	$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?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across Maryland.

Most affordable ZIP codes for home insurance in Maryland

20852 has the lowest average home insurance rates in Maryland, with homeowners paying around $1,363 per year.

Home insurance rates aren’t uniform across Maryland. Your ZIP code, in particular, is one of the biggest reasons prices differ from one area to the next.

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

ZIP code	Average annual rate	Average monthly rate
20852	$1,363	$114
20814	$1,364	$114
20850	$1,370	$114
20832	$1,373	$114
20851	$1,375	$115
20817	$1,376	$115
21771	$1,377	$115
21157	$1,379	$115
20841	$1,380	$115
20833	$1,382	$115

Most expensive ZIP codes for home insurance in Maryland

21824 carries the highest average home insurance rates in Maryland, at $2,665 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	$2,665	$222
21842	$2,626	$219
21864	$2,476	$206
21817	$2,471	$206
21829	$2,433	$203
21862	$2,432	$203
21811	$2,394	$200
21866	$2,371	$198
21813	$2,357	$196
21841	$2,336	$195

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

What are the best homeowners insurance companies in Maryland?

Based on our data, Travelers stands out as the top choice in Maryland. It earns an AM Best rating of A++ and holds one of the lowest NAIC complaint scores statewide-a strong sign of both reliability and customer satisfaction.

To pinpoint the most trustworthy insurers, we measured each company against two benchmarks:

AM Best Ratings gauge a company’s financial strength and its ability to pay claims when you need it most.
NAIC Complaint Scores compare how often a company is the subject of complaints relative to its size, with lower scores pointing to fewer problems.

Looked at together, these benchmarks give a dependable picture of an insurer’s financial footing and the experience you can expect as a customer. The table below ranks the leading companies in Maryland by annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Travelers	$1,452	A++	0.54	5
Farmers	$1,548	A	0.54	4.68
Chubb	$2,258	A++	0.18	4.63
State Farm	$1,119	A++	0.95	4.63
American Family	$1,900	A	0.37	4.56
Allstate	$1,651	A+	0.9	3.94
Nationwide	$1,902	A+	0.87	3.66

How to understand insurer ratings and complaint data

A good insurer answers two questions well: Can it pay your claim, and does it keep its customers happy? Independent rating agencies measure both, giving you an evidence-based way to compare your options.

The two ratings referenced here:

AM Best, which assesses an insurer’s financial strength and capacity to pay claims. Higher ratings indicate greater financial stability.
NAIC Complaint Index, compiled by the National Association of Insurance Commissioners from consumer complaint data. The baseline is 1.00 – a lower score means fewer complaints than expected for the insurer’s size, and a higher score 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 & methodology

Source

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

Methodology

Insure.com worked with Quadrant Information Services to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors, such as average annual cost, NAIC score, and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates 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.