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What type of insurance do you need?
Get help from one of our Maryland independent agents
They understand your risks and will find you the coverage you need.
The average American homeowner pays $1,173 per year for home insurance, but in Maryland, the average annual premium is $982. Even though insurance is less expensive for homes in Maryland, that doesn’t mean you don’t have room for big savings. Let a local independent insurance agent help you shop for the right coverage at the best price.
Your home insurance gives you a backup plan in case a catastrophe strikes in your neighborhood. Whether it's a fire, heavy winds or a burglary, you're covered if you have a suitable Maryland homeowners insurance policy.
Pays for repairs to your home and your belongings
Pays for someone else's injuries or property damage when it's your fault
Pays for temporary living expenses when your home is damaged
We can’t be 100% certain, but in 2016, insurance companies spent more than $836 million on home insurance claims in Maryland. That's a lot of unfortunate events happening to Maryland homeowners.
Insurance carriers calculate the cost of a home insurance policy by asking "how likely is it that something bad will happen?" The more likely it is that something bad will happen, the more expensive the home insurance policy will be, and vice versa. We call these potential disasters "risk." Let’s take a look at how risky Maryland is compared to the rest of the US.
Even though the crime rate in Maryland is slightly lower than the national average, homeowners still have to be aware of the risk. Some parts of the state are more susceptible to crime than others.
Hurricanes and tropical storms that make landfall along the Eastern seaboard can cause big problems for homeowners in this state. Make certain that your home insurance policy covers you against hurricane damage, and be sure to supplement your coverage with a suitable flood insurance policy.
The estimated cost to rebuild your home will play a large role in how much your home insurance costs. In Maryland, the average home value is much higher than the national average, and this may lead to increased costs in some of this state’s more affluent cities.
Yes! There are currently 213 independent insurance agents in Maryland who are ready to help. Did you know that independent insurance agents can give you multiple policy options to choose from? That way, you'll receive completely customized coverage that addresses all of your unique insurance needs.
National average burglary rate 4.69 per 1,000 homes
National average home value $188,900
National average home insurance cost $1,173 year
|City||Annual insurance cost||Avg. home value||Burglaries / 1,000 homes|
|Havre de Grace||$984||$273,941||3.89|