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Tracking down the cheapest homeowners insurance for you takes some digging and comparing quotes from multiple home insurance companies.

Home insurance companies gauge risk differently from one another. One insurer may put more emphasis on one metric and not as much on another.

That’s why getting quotes from at least three homeowners insurance companies is an essential part of shopping for the cheapest homeowners insurance in Maryland. We found that Nationwide has the lowest average home insurance rates in Maryland at $1,025 per year on average.

Let’s take a look at homeowners insurance in Maryland and how to find the best home insurance rates.

Key Takeaways

  • The cheapest homeowners insurance for $300,000 dwelling coverage, $300,000 liability protection and $1,000 deductible in Maryland is offered by Nationwide at $1,025 per year.
  • The homeowners insurance in Maryland is $787 less than the national average.
  • The zipcode 20854 offers the cheapest homeowners insurance in Maryland at $1,144 per year.

Cheap homeowners insurance companies in Maryland

Nationwide, Standard Fire Insurance and Travelers have the three cheapest Maryland homeowners insurance rates, on average.

Here are average annual premium for homeowners insurance in Maryland for a policy with $300,000 dwelling coverage and $300,000 liability protection with a $1,000 deductible.

CompanyAverage annual premiumAverage monthly premium
Nationwide$1,025$85
Standard Fire Insurance$1,064$89
Travelers$1,064$89
USAA$1,429$119
Farmers$1,530$128
Homesite Of The Midwest$1,609$134
Erie Insurance$1,695$141
Allstate$1,739$145
State Farm$2,008$167

Compare cheap homeowners insurance in Maryland by ratings

Experts at Insure.com compared the cheapest homeowners insurance companies in Maryland based on J.D. Power score and AM best rating. Among the carriers surveyed, USAA received the highest J.D. power score — 882 out of 1000.

Find below the list of cheap homeowners insurance companies and J.D. Power score and AM Best rating.

CompanyJ.D. Power scoreAM Best rating
USAA882A++
Erie Insurance835A+
State Farm835A++
Allstate829A+
Farmers813A
Nationwide812A+
Travelers800A++

How much is home insurance in Maryland

The average homeowners insurance in Maryland is $1,518 for $300,000 dwelling and $300,000 liability coverage with a $1,000 deductible.

Beyond location, insurance providers also consider claims history for you, your home and the area; building costs; coverage level; and credit history.

Filing multiple claims is one way to see much higher home insurance premiums.

Average annual premiumAverage monthly premium
$1,518$127

Cheapest homeowners insurance in Maryland by ZIP code

Homeowners insurance costs vary in Maryland. Location, including ZIP code, is just one aspect of home insurance costs.

Here are the average home insurance cost by city/ZIP codes in Maryland:

ZIP codeAverage annual premiumAverage monthly premium
20854$1,144$95
20814$1,145$95
20812$1,147$96
21790$1,149$96
20818$1,151$96
20816$1,153$96
20896$1,154$96
20852$1,156$96
20815$1,158$96
20910$1,160$97
21703$1,163$97
20906$1,165$97
21793$1,166$97
21702$1,167$97
21704$1,170$98

Know how much is home insurance in other states

Alaska$1,799/Year
Alabama$2,981/Year
Arkansas$3,439/Year
Arizona$1,976/Year
California$1,166/Year
Colorado$3,082/Year
Connecticut$1,961/Year
Washington D.C.$1,488/Year
Delaware$1,521/Year
Florida$3,439/Year
Georgia$2,555/Year
Hawaii$499/Year
Iowa$2,540/Year
Idaho$1,842/Year
Illinois$2,201/Year
Indiana$2,423/Year
Kansas$3,931/Year
Kentucky$2,862/Year
Louisiana$3,270/Year
Massachusetts$1,920/Year
Maine$1,833/Year
Michigan$2,153/Year
Minnesota$3,010/Year
Missouri$3,111/Year
Mississippi$3,340/Year
Montana$2,809/Year
North Carolina$2,009/Year
North Dakota$2,601/Year
Nebraska$3,133/Year
New Hampshire$1,455/Year
New Jersey$1,744/Year
New Mexico$2,299/Year
Nevada$1,486/Year
New York$1,840/Year
Ohio$2,107/Year
Oklahoma$4,445/Year
Oregon$1,608/Year
Pennsylvania$1,720/Year
Rhode Island$2,125/Year
South Carolina$2,678/Year
South Dakota$3,172/Year
Tennessee$2,692/Year
Texas$3,429/Year
Utah$1,378/Year
Virginia$1,956/Year
Vermont$1,212/Year
Washington$1,514/Year
Wisconsin$1,732/Year
West Virginia$2,486/Year
Wyoming$2,083/Year
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Les Masterson
Contributor

 
  

Les, a former managing editor, insurance, at QuinStreet, has more than 20 years of experience in journalism. In his career, he has covered everything from health insurance to presidential politics.

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