Popular Questions about Maryland Home Insurance

Maryland's average cost for home insurance is $1,037 per year, coming in less expensive than the national figure of $1,211 annually. When you're searching for the best rates on home protection, consider working with a licensed adviser that has carrier options.

The state of Maryland doesn't require that you carry homeowners insurance. However, when you have a loan on your home, the lender or mortgage does. Considering Maryland had $836.6 million paid in home claims in one year alone, the proper protection is necessary to avoid financial devastation.

In Maryland, the right homeowners insurance policy can be found through a local expert. You'll want to compare rates with the best carriers in town. A trusted adviser can shop through dozens of markets at once, saving you time and money.

Your Maryland homeowners insurance is calculated by carriers using the following personal and local data:

  • What's the replacement cost of your home?
  • What coverages did you select?
  • What's the local crime rate?
  • What natural disasters have been reported?
  • What past claims have you reported?

Yes, Maryland currently has 213 independent insurance agencies ready to assist with your coverage needs. They first assess your home and the necessary limits, and then quote through multiple markets at no cost to you. 

In Maryland, your homeowners insurance should be placed with the best market for your situation. That being said, Nationwide, Travelers, and Progressive insurance companies are highly rated for their superior claims handling and customer service.

Do You Know What Your Maryland Home Insurance Covers?

Find the Best Homeowners Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,211 year

CityAnnual insurance costAvg. home valueBurglaries / 1,000 Residents
Aberdeen$929$196,7533.89
Annapolis$1,183$400,7124.54
Baltimore$1,108$153,50011.1
Bethesda$1,301$887,1722.32
Bowie$936$331,1052.05
Cambridge$870$166,34311.13
College Park$989$293,6254.27
Columbia$1,134$371,4004.08
Cumberland$718$85,19014.33
Easton$961$283,8614.76
Elkton$942$196,26510.46
Frederick$975$269,9003.05
Gaithersburg$1,022$362,8002.4
Glen Burnie$958$246,0006.42
Greenbelt$928$207,5535.44
Hagerstown$858$152,2549
Havre de Grace$984$273,9413.89
Hyattsville$972$289,3766.77
Laurel$936$256,9084.43
Rockville$1,228$523,7001.23
Salisbury$849$154,5347.91
Takoma Park$1,232$525,4026.85
Waldorf$989$276,9003.87
Westminster$940$241,7525.41