Home Home insurance Renters insurance Renters insurance cost Cheap renters insurance in Maryland Cheap renters insurance in Maryland By Insure.com's Editor | Posted on February 6, 2022 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain our editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. Looking for cheap renters insurance in Maryland? Consider getting quotes from Standard Fire, Travelers and USAA. In our analysis these companies offer the cheapest rates of all the carriers surveyed. But it’s smart to get multiple quotes for Maryland renters insurance because the prices vary a lot among carriers. Below is the list of cheapest renters insurance companies in Maryland: Standard FireTravelersNationwideUSAAState Farm Cheapest renters insurance companies in Maryland According to Insure.com’s analysis, Standard Fire offers the cheapest renters insurance in Maryland at about $177 a year or $15 per month. Travelers is in second place with an average annual rate of $177. However, the cost of your premium may vary depending on factors specific to you. CompanyAverage annual rateAverage monthly rateStandard Fire$177$15Travelers$177$15Nationwide$182$15USAA$207$17State Farm$241$20Homesite Of The Midwest$269$22Erie$270$23Farmers New Century$283$24Allstate$374$31 Average cost of renters insurance in Maryland by coverage level The average cost of renters insurance in Maryland is $194 per year or $16 per month. These rates are for coverage level of $20,000 for personal property, $300,000 for liability protection and $1000 as deductible. Whereas, renters insurance costs $269 annually for coverage limit of $40,000 as personal property, $300,000 for liability and $1000 deductible. Coverage levelAvg. annual renters insurance rateAvg. monthly renters insurance rate$20,000$194$16$40,000$269$22$60,000$351$29 Most affordable ZIP codes for renters insurance in Maryland 20841 is the most affordable zip code for renters insurance in Maryland. Our insurance experts have analyzed price quotes from all the major carriers in Maryland and put together a list of the most affordable zip codes with cheapest renters insurance. ZIP codeAverage annual rateAverage monthly rate20841$229$1920868$230$1920812$231$1920723$232$1920817$233$1920874$234$2020759$235$2021711$236$2021750$237$2021713$238$20 Least affordable ZIP codes for renters insurance in Maryland Of all the zip codes analyzed by Insure.com, 21829 is the least affordable zip code for renters insurance in Maryland. Its average annual rate for Maryland renters is $325 a year or $27 per month. The insurance rates in a city can vary depending on many factors, such as crime rate and weather. A population with a low crime rate will have much lower premiums in comparison to other areas. ZIP codeAverage annual rateAverage monthly rate21829$325$2721822$324$2721863$323$2721813$322$2721841$321$2721811$320$2721862$319$2721208$289$2421207$286$2421652$284$24 Renters and auto bundle discounts in Maryland Bundling with your auto insurance is a great way to save money on renters coverage. If you purchase your auto and renters insurance policies from the same company you can save an average of $110 per year in Maryland. Below is a list of companies that offer cheap rates upon bundling and you can also find how much you will have to pay if you don’t bundle your policies. CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savingsProgressive$1,364$1,429$655%Government Employees $1,427$1,471$443%Nationwide$1,514$1,799$28516%Travelers$1,542$1,623$815%State Farm$1,642$1,725$835%Allstate Ind Co$2,846$2,970$1244%Geico$2,984$3,073$893% How much is renters insurance in other statesAlaska$165/YearAlabama$377/YearArkansas$313/YearArizona$255/YearCalifornia$225/YearColorado$221/YearConnecticut$246/YearDelaware$262/YearFlorida$208/YearGeorgia$454/YearHawaii$166/YearIowa$245/YearIdaho$232/YearIllinois$245/YearIndiana$238/YearKansas$274/YearKentucky$295/YearLouisiana$417/YearMassachusetts$269/YearMaine$206/YearMichigan$352/YearMinnesota$362/YearMissouri$279/YearMississippi$393/YearMontana$201/YearNorth Carolina$166/YearNorth Dakota$338/YearNebraska$226/YearNew Hampshire$171/YearNew Jersey$249/YearNew Mexico$261/YearNevada$259/YearNew York$230/YearOhio$282/YearOklahoma$380/YearOregon$189/YearPennsylvania$200/YearRhode Island$263/YearSouth Carolina$267/YearSouth Dakota$160/YearTennessee$239/YearTexas$251/YearUtah$267/YearVirginia$220/YearVermont$128/YearWashington$174/YearWisconsin$191/YearWest Virginia$240/YearWyoming$150/YearShow more Related Articles Does homeowners insurance cover storage units? By Lena Borrelli How to file a successful mold claim By Mark Vallet How to hire a public insurance adjuster after a disaster By Nupur Gambhir Guide to additional living expenses insurance By Lena Borrelli Does homeowners insurance cover theft? By Nupur Gambhir Does homeowners insurance cover code upgrades? By Nupur Gambhir Table of contents Cheapest renters insurance companies in Maryland Average cost of renters insurance in Maryland by coverage level Most affordable ZIP codes for renters insurance in Maryland Least affordable ZIP codes for renters insurance in Maryland Renters and auto bundle discounts in Maryland Get instant quotes now ! Please enter valid zip Get quote