Average homeowners insurance cost in Bowie, MD

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In Bowie, homeowners pay an average annual rate of $1,727 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $777 less than the national average of $2,504 .

Homeowners insurance premiums can vary significantly from one property to another. In Bowie, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
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 Bowie, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Bowie.

Key Takeaways

In Bowie, homeowners insurance costs $1,727 annually.
State Farm offers the most affordable homeowners insurance in Bowie with an average annual premium of $1,118 .
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $402 higher.

Average homeowners insurance cost in Bowie per month

Residents of Bowie pay an average of $144 a month for homeowners insurance. It’s $2 more than the state average of $142 and $65 less than the national average for home insurance across the nation.

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

Average homeowners insurance cost for a $200,000 house

In Bowie, MD, homeowners pay an average of $1,325 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

Bowie residents pay an average of $1,727 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. To increase your dwelling coverage from $200,000 to $300,000, you’ll pay an additional $402 per year.

The smartest approach is to carry enough insurance to cover the full cost of rebuilding your home.

Average homeowners insurance cost in Bowie by company

Among the carriers we analyzed, State Farm is the most affordable homeowners insurance company in Bowie. Its average annual rate for homeowners in Bowie is $1,118 , while Travelers ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Bowie and compiled a list of the most affordable home insurance companies.

Below are details of Bowie home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$1,118
Travelers	$1,224
Farmers	$1,542
Allstate	$1,646
Erie Insurance	$1,919
Chubb Ltd	$2,004
Nationwide	$2,044
American Family	$2,248
USAA*	$1,761

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

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Maryland that can impact your home insurance

Living in Maryland comes with the threat of natural disasters, which can cause significant damage to homes and property, often resulting in costly insurance claims. Understanding which natural disasters are most common in your area is essential when selecting a home insurance policy.

By knowing the specific risks in your region, you can make informed decisions about coverage limits, deductibles, and whether you need additional protection. That knowledge ensures you’re not left underinsured when disaster strikes and protects your financial well-being in the long run.

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

How home insurance protects you against natural disasters

Home insurance is an essential safeguard for your financial well-being, offering protection if you’re affected by a natural disaster. Natural disasters can lead to costly damage, but the right policy can help cover the cost of repairs, sparing you from major out-of-pocket costs. In many cases, home insurance also pays for temporary living expenses if you can’t live in your home.

However, not all natural disasters are covered under a standard home insurance policy. For example, flood and earthquake damage are excluded and require separate coverage. That’s why it’s so important to understand the specific natural disaster risks in your area. By doing so, you can choose a policy that truly protects your home – and your finances – from the threats that are most likely to affect you.

Keep in mind: Standard policies may not cover everything

While homeowners insurance typically protects against common hazards, some natural disasters – like floods and earthquakes – require separate policies. Don’t assume you’re fully covered. Check your policy details and consider endorsements or supplemental coverage if you live in a high-risk area.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Bowie 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.

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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.