Best and cheapest companies for home and auto bundles in Maryland

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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 is the top choice for bundling home and auto insurance. It offers an average savings of 22%.
Some insurance companies offer more significant bundling discounts, so comparing quotes is a good idea.
Your ZIP code plays a major role in determining how much you can save on your home and auto insurance bundle.
Bundling is usually a smart move, but sometimes it might not be the best option.

How we picked the best companies for home and auto bundling

In 2024, we conducted an analysis of home and auto insurance rates across all 50 states and Washington, D.C. using data from Quadrant Data Services. We examined the average bundling discounts offered by various insurance companies, calculating both pre and post bundling rates based on these discounts. Our analysis covered 48 insurance companies and data from 4,686 ZIP codes, providing a comprehensive view of bundling benefits nationwide.

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

State Farm offers a 22% bundle discount, which amounts to an average savings of $825. The combined cost of home and auto insurance before the discount is $3,760, and after the discount, it drops to $2,935.

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

Allstate offers an average discount of $932 when you bundle your auto and home insurance, which is about 19%. Without the discount, the average cost is $4,999, but with the discount, it drops to $4,067.

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

The amount you can save on home and auto insurance with a bundle in Maryland varies by company. Here is a breakdown of the rates and savings with top 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

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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

Where you live can help to determine how big of a discount you will get for bundling coverage, and also the base rates from which that discount is taken. Here are the most and least expensive ZIP codes in Maryland for policyholders who bundle their coverage:

Most expensive ZIP codes

The most expensive ZIP code in Maryland for bundling home and auto insurance is 21233, with an average cost of $6,660. Here are the 10 most expensive ZIP codes:

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.

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Chris Kissell

Contributing Researcher

Specializing in insurance and personal finance, Chris Kissell is a writer and editor whose work has been featured at Forbes, U.S. News & World Report, MSN Money, Fox Business, Yahoo Finance, Bankrate and Money Talks News. He is based in Denver.