Average homeowners insurance cost in Bowie, MD

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As per Insure.com’s rate data analysis, the average cost of homeowners insurance in Bowie is $1,727 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), It’s $777 less than the national average of $2,504.

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

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

State Farm is the cheapest homeowners insurance company in Bowie with an average annual premium of $1,727 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Bowie. Keep reading to learn about the monthly cost of homeowners insurance in Bowie, the cost for different dwelling coverage levels, and discover which companies provide the most affordable home insurance in Bowie.

Key takeaways

Homeowners insurance costs $1,727 per year in Bowie.
At $1,118 per year, State Farm offers the cheapest homeowners insurance in Bowie.
Your home insurance rates increase by $402 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Bowie per month

According to Insure.com’s rate analysis, residents of Bowie pay an average of $144 per month for homeowners insurance. This is $2 more than the state average of $142 and $65 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Bowie can vary depending on your location, property value, and selected coverage options.

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

The average cost of homeowners insurance in Bowie, MD is $1,325 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 Bowie

According to a rate analysis by Insure.com, homeowners in Bowie pay an average of $1,727 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $402 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Bowie by company

Among the carriers analyzed, State Farm is the most affordable homeowners insurance company in Bowie. It’s average annual rate for homeowners in Bowie is $1,118.

Travelers, ranks second and Farmers makes it to the third spot with an average annual home insurance rate of $1,542.

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.

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.