Average homeowners insurance cost in Baltimore, MD

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

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 $1000 deductible), based on Insure.com’s rate data analysis. It’s $608 less than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Baltimore depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Baltimore, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Baltimore.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Baltimore.

Key takeaways

The average cost of homeowners insurance in Baltimore is $1,896 per year.
State Farm is the cheapest homeowners insurance company in Baltimore with an average annual premium of $1,152.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $446 more a year for home insurance.

Average homeowners insurance cost in Baltimore per month

Baltimore homeowners pay an average of $158 a month, based on our rate analysis. It’s $16 more than the state average of $142 and $51 less than the national average for home insurance across the United States. The price of your homeowners insurance policy in Baltimore may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Baltimore

The average cost of homeowners insurance in Baltimore, MD is $1,450 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Baltimore

Based on a rate analysis conducted by Insure.com, Baltimore residents pay an average of $1,896 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $446 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Baltimore by Company

Among the carriers analyzed, State Farm is the cheapest homeowners insurance company in Baltimore. It’s average annual rate for Baltimore homeowners is $1,152. Travelers ranks second and Allstate makes it to the third spot with an average annual home insurance rate of $1,621.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Baltimore and prepared a list of the cheapest home insurance providers. You can find below the Baltimore home insurance companies and their average annual premium.

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

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 $1,000 deductible. The data presented are those with a good credit tier alignment.