Average homeowners insurance cost in Baltimore, Maryland

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Our data shows that the average cost of homeowners insurance in Baltimore is $1,896 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $608 less than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Baltimore depend on several factors, including:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read our guide to discover the monthly homeowners insurance cost in Baltimore, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Baltimore.

Key Takeaways

Homeowners insurance costs $1,896 per year in Baltimore.
At $1,152 per year, State Farm offers the cheapest homeowners insurance in Baltimore.
Your home insurance rates increase by $446 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Baltimore per month

Residents of Baltimore pay an average of $158 a month for homeowners insurance. It’s $16 more than the state average of $142 and $51 less than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in Baltimore may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Baltimore, homeowners pay an average of $1,450 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. Keep in mind that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, you should purchase flood insurance.

Average homeowners insurance cost for a $300,000 house

Homeowners in Baltimore typically pay an average of $1,896 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $446 . You should purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Baltimore by company

Among the carriers we analyzed, State Farm is the cheapest homeowners insurance company in Baltimore. Its average annual rate for Baltimore homeowners is $1,152 , while Travelers ranks second.

Before picking a homeowners insurance policy, it’s a good idea to do a little homework on the company. To make it easier, our experts reviewed all the top insurers in Baltimore and put together a list of the most affordable options. Below, you’ll find the average annual premiums for each provider in the area.

Home Insurance Company	Annual rate
State Farm	$1,152
Travelers	$1,439
Allstate	$1,621
Erie Insurance	$1,888
American Family	$2,273
Chubb Ltd	$2,307
Farmers	$2,248
Nationwide	$2,350
USAA*	$1,842

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

Bundling your home insurance with other policies, such as auto insurance, can result in substantial savings. Many insurers offer discounts to policyholders who combine multiple policies. It will help you lower your premiums and simplify policy management.

Natural disasters in Maryland that can impact your home insurance

Living in Maryland comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

Maryland is commonly affected by Coastal flooding, Heat wave and Winter weather.

How home insurance protects you against natural disasters

Home insurance can provide valuable protection against the financial impact of natural disasters. Standard home insurance policies typically cover damages from fire, windstorms, hail and lightning. However, events such as floods, earthquakes or landslides are excluded and require purchasing additional policies or endorsements. For example, flood insurance must be purchased separately, as it is not typically covered by a standard home insurance policy.

Home insurance pays for home repairs, replacement belongings and temporary living expenses if your dwelling becomes uninhabitable due to damage. The protection offered by home insurance can significantly reduce the financial impact of natural disasters.

Make sure your coverage is disaster-ready

The best time to review your homeowners insurance is before a storm hits. If you’ve made upgrades to your home or live in a disaster-prone area, you may need more coverage than you think. A quick policy check now can prevent big financial losses later.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Baltimore for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment.

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Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.