Best and cheapest companies for home and auto bundles in Maryland

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When you shop for home and auto insurance, some companies will have a better deal on bundled coverage than others. We compared multi-policy discounts from insurance companies in Maryland to determine which will give you the biggest price break when you purchase multiple types of coverage.

State Farm offers the biggest percentage break on your home and auto premiums in Maryland when you bundle. Bundle your policies with this insurance company, and it will cut your costs by an average of 22%.

Meanwhile, State Farm offers the cheapest overall rate when you bundle with the company in Maryland. On average, you will pay $2,935 when you bundle.

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

In 2024, we analyzed home and auto insurance rates provided by Quadrant Data Services, focusing on the average bundling discounts each company offers. We calculated both pre and post bundling insurance costs based on these average discount rates to provide a clear view of potential savings. Our analysis encompassed data from 48 insurance companies across 4,686 ZIP codes, delivering a comprehensive look at 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

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

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

Nationwide offers an average bundle discount of $739, which is about 18%. Without the discount, the combined cost of home and auto insurance is $4,006. After applying the discount, the total cost drops to $3,267.

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 help you save, but the savings vary depending on the company. Let’s take a look at how much you can save with some of the top insurers.

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 bundle in Maryland?

State Farm provides the largest discount on premiums for bundled insurance, while State Farm offers the lowest overall rate when you bundle.

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

Your ZIP code can determine how much of a discount you’ll receive for bundling your insurance and the base rates before the discount is applied. Below, you’ll find the least and most expensive ZIP codes for home and auto insurance bundles in Maryland.

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 most affordable ZIP code in Maryland for bundling home and auto insurance is 21713, with an average rate of $2,828. Below are the 10 least expensive 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 policies can save you money and add convenience. With a single insurer, you’ll have one point of contact and easy access to all your coverage details on one website.

While bundling can be a good deal, it’s not always the right choice. Sometimes, a company may offer great auto insurance rates but have higher prices for homeowners insurance, so it might be worth looking elsewhere for your homeowners coverage.

Also, some insurers might provide the right coverage you need for one type of insurance but not for the other.

Instead of relying on a bundle, it’s worth checking out other options to ensure you get the best deal.

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?

Bundling your policies is a quick process. When one of your insurance policies is up for renewal, you can decide to bundle your car and homeowners insurance with the same company.

You don’t have to wait until renewal to bundle. If you cancel any of your policies early, you’ll likely get a refund for the months you won’t be covered.

Remember not to cancel your old policy until your new coverage is in place to avoid any gaps in coverage.

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.