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Some insurance companies offer better bundle deals than others when shopping for home and auto coverage. We’ve reviewed multi-policy discounts from Maryland insurers to help you find the carriers that offer the most affordable rates after bundling.
In Maryland, State Farm offers the highest percentage of savings on home and auto bundles. Bundling your policies with State Farm can help you save an average of 22%.
State Farm provides the lowest bundled rate in Maryland, with an average cost of $2,935 for combining your home and auto policies.
Key Takeaways
- In Maryland, State Farm offers the biggest average discount of 22% on home and auto insurance bundles.
- Different companies offer varying discounts for bundling, so it’s worth shopping around.
- Where you live in the state can affect how much you save by bundling.
- Bundling is generally a good idea, but in a few situations, it might not save you money.
How we picked the best companies for home and auto bundling
Insure.com analyzed home and auto insurance rates from Quadrant Data Services in 2024 for all 50 states and Washington, D.C. Home and auto bundling discount percentages, based on the average discount from each company were also analyzed. Before and after bundling rates were calculated using the average discount percentage. We included 48 companies and 4,686 ZIP codes in our analysis.
Our recommendation for the best home and auto bundles in Maryland
Insure.com’s analysis ranked companies based on the average bundle discount they offer both in terms of dollar amount and percentage. Based on those criteria, these are the best companies for home and auto bundles in Maryland.
State Farm
The average bundle discount at State Farm is $825, or 22%. Before the bundle discount is added, the average cost of home and auto insurance is $3,760. After getting a bundle discount, the cost drops to $2,935. State Farm ranked at No. 6 in our Best Auto Insurance Companies ranking and No. 4 in the Best Home Insurance Companies ranking.
Erie Insurance
Erie Insurance offers an average bundle discount of $676, or 17%. Before the bundle discount, you’ll pay an average of $3,961, which will decrease to $3,285 after the discount is applied.
Allstate
The average bundle discount at Allstate is $932, or 19%. Without the bundle discount, the average cost of coverage is $4,999. After the bundle discount, that cost goes down to $4,067. Allstate ranked at No. 11 in our Best Auto Insurance Companies ranking and No. 5 in the Best Home Insurance Companies ranking.
Nationwide
The average bundle discount at Nationwide is $739, or 18%. Before the discount is added, the average cost of home and auto insurance is $4,006. After adding the bundle discount, the average cost is $3,267. Nationwide ranked at No. 4 in our Best Auto Insurance Companies ranking and at No. 7 in the Best Home Insurance Companies ranking.
Travelers
The average bundle discount at Travelers is $1,156, or 16%. Before getting a bundle discount, customers see average rates of $7,277 for coverage. With the bundle discount, customers see average rates of $6,121. Travelers ranked at No. 3 in our Best Auto Insurance Companies ranking and No. 9 in the Best Home Insurance Companies ranking.
Compare home and auto bundles in Maryland
Bundling your home and auto insurance in Maryland can result in significant savings, though the exact amount depends on the insurer. The table below highlights rates and potential savings with leading companies.
| Company | Premium after Bundle | Auto and home bundling (Survey) | Home survey | A.M. Best Score | % Difference | Overall Rating |
|---|---|---|---|---|---|---|
| State Farm | $2,935 | 47 | 87.4 | A++ | 22% | 82.03 |
| Erie Insurance | $3,285 | 73 | 93.2 | A+ | 17% | 70.1 |
| Allstate | $4,067 | 39 | 85 | A+ | 19% | 66.62 |
| Nationwide | $3,267 | 42 | 86.6 | A | 18% | 65.86 |
| Travelers | $6,121 | 44 | 83.6 | A++ | 16% | 52.82 |
What company offers the cheapest home and auto bundles in Maryland?
If you bundle your policies, State Farm gives you the highest discount. State Farm has the lowest overall rate for bundling.
| Company | Home insurance premium | Auto insurance premium | Premium before Bundle | Premium after Bundle |
|---|---|---|---|---|
| State Farm | $1,540 | $2,220 | $3,760 | $2,935 |
| Nationwide | $2,151 | $1,855 | $4,006 | $3,267 |
| Erie Insurance | $1,921 | $2,040 | $3,961 | $3,285 |
| Allstate | $1,264 | $3,735 | $4,999 | $4,067 |
| Travelers | $5,815 | $1,462 | $7,277 | $6,121 |
Most and least expensive ZIP codes for home and auto insurance bundles in Maryland
The ZIP code you live in can influence the discount you’ll get for bundling your coverage and the base rates before the discount is applied. Here’s a list of the most and least expensive ZIP codes in Maryland for bundling insurance.
Most expensive ZIP codes
The ZIP code 21233 in Maryland has the highest average cost for bundling home and auto insurance, at $6,660. See the top 10 most expensive ZIP codes below.
| ZIP code | Average auto and home after discount | Average difference |
|---|---|---|
| 21233 | $6,660 | 19% |
| 21287 | $6,550 | 18% |
| 21653 | $5,422 | 19% |
| 21213 | $5,244 | 18% |
| 21223 | $5,204 | 19% |
| 21216 | $5,197 | 18% |
| 21215 | $5,100 | 18% |
| 21217 | $5,046 | 18% |
| 21205 | $4,971 | 18% |
| 21218 | $4,883 | 18% |
Least expensive ZIP codes
The least expensive ZIP code in Maryland for bundling home and auto insurance is 21713, with an average cost of $2,828. Here are the 10 cheapest ZIP codes:
| ZIP code | Average auto and home after discount | Average difference |
|---|---|---|
| 21713 | $2,828 | 20% |
| 21719 | $2,832 | 20% |
| 21758 | $2,897 | 19% |
| 21716 | $2,912 | 19% |
| 21540 | $2,941 | 20% |
| 20816 | $2,956 | 18% |
| 20850 | $2,978 | 18% |
| 20815 | $2,983 | 18% |
| 20814 | $2,989 | 18% |
| 21532 | $3,019 | 20% |
Frequently asked questions about bundling home and auto insurance
Is bundling home and auto insurance right for everyone in Maryland?
Bundling your insurance can help you save money and make managing your policies easier. With one company handling everything, you can check all your coverages in one place.
However, bundling isn’t always the cheapest move. If you find a great deal on car insurance but your homeowners insurance is much more expensive with the same company, you might save more by getting separate policies from different insurers.
It’s also possible that a company has the right coverage for one type of insurance but not for the other.
Instead of assuming a bundle is the best deal, it’s always a good idea to shop around and compare quotes.
“Remember when buying insurance that you’re doing so to protect your most valuable assets,” says Christine O’Brien, president of the Insurance Council of New Jersey. “Take the time to learn about policy limits and coverages and get several quotes.”
How can you switch to a home and auto bundle in Maryland?
Switching to a bundled policy is simple, and many people take this step when their insurance comes up for renewal. For example, if your car insurance is with one company and your homeowners insurance with another, you can easily combine them under one insurer when it’s time to renew.
However, you don’t have to wait until renewal to bundle your policies. If you cancel one of your policies before it expires, you might get a refund for the months you won’t be covered by that insurer.
But before canceling coverage on any of your policies, make sure your new coverage is set up and active. Don’t cancel the old one until you’re fully covered.
Methodology
Insure.com analyzed rates and discount averages provided by Quadrant Data Services in 2024 fielded from all 50 states and Washington, D.C. Rates were compared based on average home and auto premiums before bundling and after bundling based on the average multi-policy discount offered by each insurance company. The average total rate after the discount was calculated by subtracting a dollar amount equal to the average discount percentage from the pre-discount total rate.
You might find interesting
How much is home and auto bundle insurance in other states
- How we picked the best companies for home and auto bundling
- Our recommendation for the best home and auto bundles in Maryland
- Compare home and auto bundles in Maryland
- What company offers the cheapest home and auto bundles in Maryland?
- Most and least expensive ZIP codes for home and auto insurance bundles in Maryland
- Frequently asked questions about bundling home and auto insurance
- Methodology