Popular QuestionsPopular Questions about Maryland Home Insurance

How much does Maryland home insurance cost? $982

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.

maryland home insurance cost chart
What does my Maryland home insurance do for me?

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

  • Example: A tree falls on your house, and rain ruins your 60" Samsung TV.

Pays for someone else's injuries or property damage when it's your fault

  • Example: Your kid is playing baseball and accidentally smacks the ball through your neighbor's window.

Pays for temporary living expenses when your home is damaged

  • Example: You need a hotel while your house's roof is being repaired due to a fallen tree.
Will I actually use my Maryland homeowners insurance?

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.

How is my Maryland homeowners insurance calculated?

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.

Crime:

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.

  • Average number of burglaries per 1,000 homes in MD: 4.10
  • Average number of burglaries per 1,000 homes in the US: 4.69

Weather:

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.

  • Number of federally declared disasters since 1953: 32
  • Most common cause of disasters in the state: Flood
  • Average number of tornados in the state per year: 9.9
  • Amount paid in home insurance claims in 2016: $836,597,000

Home Values:

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.

  • Average home value in MD: $306,900
  • Average home value in the US: $188,900
Are there any independent agents in Maryland?

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.

What’s the best insurance company in Maryland?

An independent agent compares policies from multiple companies to find you the best coverage for your needs and budget. Here are some companies our agents will use in Maryland: 

travelers logo
selective
safeco insurance
metlife auto & home

InformationFind the Best Insurance in Your City

Now, let's take a quick peek at what’s going on in your city. Insurance companies look at a lot of factors when determining home insurance costs. One of many factors is location. Crime rates, weather catastrophes and the overall cost of your home will also factor into how much your home insurance will cost.

How does your city measure up to the national average?

  • National average home insurance cost – $1,173 / year
  • National average burglary rate per 1,000 homes – 4.69
  • National average home value - $188,900


CityAvg. Monthly Cost of Home InsuranceAvg. Yearly Cost of Home InsuranceAvg. Home ValueNumber of Burglaries per 1,000 homes
Baltimore$92$1,108$153,50011.10
Columbia$95$1,134$371,4004.08
Waldorf$82$989$276,9003.87
Glen Burnie$80$958$246,0006.42
Frederick$81$975$269,9003.05
Rockville$102$1,228$523,7001.23
Bethesda$108$1,301$887,1722.32
Gaithersburg$85$1,022$362,8002.40
Bowie$78$936$331,1052.05
Hagerstown$72$858$152,2549.00
Elkton$79$942$196,26510.46
Aberdeen$77$929$196,7533.89
Annapolis$99$1,183$400,7124.54
College Park$82$989$293,6254.27
Salisbury$71$849$154,5347.91
Laurel$78$936$256,9084.43
Greenbelt$77$928$207,5535.44
Cumberland$60$718$85,19014.33
Westminster$78$940$241,7525.41
Hyattsville$81$972$289,3766.77
Takoma Park$103$1,232$525,4026.85
Easton$80$961$283,8614.76
Cambridge$73$870$166,34311.13
Havre de Grace$82$984$273,9413.89

Baltimore, MD Home Insurance

The average monthly cost of homeowners insurance in Baltimore is $92. Your actual cost for coverage can vary from this rate because it will depend on a variety of factors such as the size, age, and value of your home, the crime rate n your ZIP code, and your claims and credit history. By comparing rates from multiple carriers, you can be sure that you are getting your coverage at a competitive rate.

Baltimore home insurance can cover you against a number of risks that you face as a homeowner in this city. These can range from liability lawsuits to residential fires. Some of the biggest risks to area homeowners are those caused by severe storms and property crimes. Talk to a local independent agent for help making sure that the coverage limits you have set in your policy are sufficient to properly cover you in the event of major storm damage or a burglary.

Unlike an agent who works for a specific company, an independent agent has the freedom to provide you with quotes from multiple companies. Your agent will make sure you receive the best home insurance policy to meet your coverage and budgetary needs.

Columbia, MD Home Insurance

The average monthly cost of homeowners insurance in Columbia is $95. Your home insurance could be less or more, depending on factors like the size of your house, your credit score and claims history, your house's building materials, and the amount of coverage you are purchasing. Compare quotes to make sure you are getting the best rate.

Accidents happen whether you want them to or not. Property damage can happen after a bad storm or a burglary break-in or after a tree randomly sheds some branches. Your homeowners policy should have proper limits and coverages so you can make repairs quickly. Learn more about the various ways your Columbia home insurance can protect you by talking to a local independent insurance agent.

Did you know that an independent agent has the freedom and flexibility to show you quotes from multiple companies? You'll receive a policy that is unique to your needs and fits in your price range.

Waldorf, MD Home Insurance

The average monthly cost of homeowners insurance in Waldorf is $82. A number of different factors go into determining the type and amount of coverage to include in your homeowners insurance. That means your policy is uniquely designed for you, your home and your needs.

Winter weather in Maryland can get intense. Cold temperatures and heavy snowstorms can cause damage to your home as well as your plumbing system. If a pipe freezes and bursts, causing flooding in your basement, how would you like your policy to respond? Your Waldorf home insurance is designed to protect against these and other hazards you are likely to face as a Maryland homeowner.

When you buy insurance from a direct or captive insurance agent, you don't receive the same level of customer attention and service as you will from an independent agent. These agents work for you instead of for a particular insurance company and can therefore take the time to help you find the best coverage to meet your needs.

Glen Burnie, MD Home Insurance

The average monthly cost of homeowners insurance in Glen Burnie is $80. The size of your house, your credit score, your house's building materials and the crime rate in your ZIP code are just some of the variables that can impact how much you pay for homeowners coverage. Because every insurance company has its own proprietary way of calculating rates, it pays to comparison shop before making a purchase.

Your Glen Burnie homeowners insurance policy is designed to cover you against the various risks you face as a property owner in this city. This includes such things as liability risks if someone is injured on your property, loss or damage due to property crimes, accidental residential fires, and severe weather events. Given its proximity to the coast, this Baltimore suburb is particularly vulnerable to the heavy rains and winds that accompany hurricanes and tropical storms. Make sure that your home policy provides all the protection you need.

As a member of your community, a local independent insurance agent will understand your specific coverage needs and can guide you as you shop for insurance. Because they are independent, these agents are free to provide you with quotes from multiple insurance companies so that you can select the policy that best meets your coverage and budgetary needs.

Frederick, MD Home Insurance

The average monthly cost of homeowners insurance in Frederick is $80. Of course, your actual home insurance could be less or more than this average. That is because insurance companies calculate rates according to a variety of factors such as the type of home you are insuring, its size, age, and value, and often, even your claims history and credit score. Because each insurer has its own way of determining rates, it is advantageous to compare quotes before making a selection.

Frederick homeowners insurance is designed to cover you against financial losses related to several potential hazards you may face as a property owner in this city. This includes damage caused by accidental fires, property crimes, and severe weather events. It can also cover the costs associated with liability lawsuits. If your mail carrier slips and is injured on your porch or an intoxicated dinner guest is hurt on the way out the door, you could be held liable. Fortunately, your home insurance can cover legal fees, court costs, and damages.

When you buy homeowners insurance through a local independent agent, you'll receive a policy that is affordable, customized and comprehensive. Don't leave your home unprotected; instead, give yourself peace of mind knowing you can make repairs in a timely and efficient manner.

Rockville, MD Home Insurance

The average monthly cost of homeowners insurance in Rockville is $102. Of course, there is a wide range of property types and values in this city, and the home coverage rates can therefore vary greatly from one homeowner to the next. Your actual rate will be calculated according to several considerations such as the age, size, and value of your home and the crime rate in your ZIP code. Every insurance provider has its own proprietary method for assessing risk and assigning rates, so comparison shopping can help you save a lot of money.

Your home is one of the biggest investments you will make. It is best to protect that investment with a reliable and comprehensive home insurance policy. A number of things could cause damage to your roof, windows, doors and siding. Because your home is exposed to the elements, nothing is off-limits. Make sure your homeowners policy addresses any physical damage risks you may have as a Rockville resident.

You'll receive the best home insurance for your needs when you buy coverage through an independent insurance agent. Because these agents have relationships with multiple carriers, they can compare quotes, policies and prices as they work to help you find the best policy at a competitive rate.

Bethesda, MD Home Insurance

The average monthly cost of homeowners insurance in Bethesda is $108. Rates can vary significantly throughout the community though, because they are based on several different factors including details about the home being insured, information about potential liability hazards, such as the presence of a swimming pool or dangerous breed of dog, and, at time, even your credit score and claims history. Comparing quotes is always a good idea as each insurance company assigns rates in a different way.

You have invested a lot in your home. You will want to protect that investment by backing it up with a reliable Bethesda homeowners insurance policy. This insurance can cover the costs associated with such hazards as severe weather events, liability lawsuits, property crimes, and residential fires. Because fires can be all-consuming and lead to a total loss of your property, you will want to be sure that your coverage limits are high enough to enable you to rebuild your home and replace your belongings without suffering a large financial loss.

As a member of your community, a local independent insurance agent can provide you with the best guidance as you shop for home coverage. These agents work for you instead of for a particular insurance company, so they can provide you with quotes from multiple insurance carriers. Comparison shopping on your own can be time-consuming, let an independent insurance agent do the legwork for you.

Gaithersburg, MD Home Insurance

The average monthly cost of homeowners insurance in Gaithersburg is $85. Your home's location, size, age, and proximity to a fire station are just some of the many factors that play a role in determining how much you can expect to pay for your coverage. It should therefore come as no surprise if your quoted rates vary somewhat from the average amount. Comparing multiple quotes helps you be certain that the policy you choose is offered at a competitive rate.

Strong winds and severe hailstorms can wreak havoc on your property. It's a reality you must face as a Gaithersburg homeowner and something your homeowners policy should appropriately address. Your home insurance can also cover you against hazards like property crimes, residential fires, and liability lawsuits. An independent insurance agent can help you understand the full scope of your Gaithersburg home coverage.

Working with a local independent insurance agent can save you time and money. These agents make comparison shopping easy and can help you be certain that you are getting a policy that meets your coverage needs and comes at a reasonable price. Find an agent near you to learn more.

Bowie, MD Home Insurance

The average monthly cost of homeowners insurance in Bowie is $78. Because homeowners insurance rates are customized for each policyholder, you should use this average rate only as a baseline. A number of factors will be used to calculate your actual rate, including information about you, details about your home, and the amount of coverage you are purchasing. When you request rates from multiple insurers, you can compare them to find the best price.

Your Bowie homeowners insurance policy can protect your finances by providing you with compensation for losses brought about by a variety of hazards. These can include such things as severe weather, residential fires, burglaries, and liability lawsuits. Many types of expensive home damage are completely unexpected. For example, water damage to your home can come in various forms, including freezing pipes that burst, washing machines that overflow, and heavy rains that cause leaking through your roof. These risks are covered; flood damage, however, is not. Be sure to supplement your policy with flood insurance to have full home protection.

Unlike insurance agents who work for a specific company, independent agents have the freedom to obtain quotes from multiple companies. Your agent will make sure you receive the best home insurance for your needs and that your risks are fully covered.

Hagerstown, MD Home Insurance

The average monthly cost of homeowners insurance in Hagerstown is $72. You can expect your actual rate to differ somewhat from this amount since it will be calculated by insurance companies according to a variety of factors such as the size and age of your home and your claims history. Just as rates can vary from one homeowner to the next, so too can rates offered by different insurance companies. It is therefore in your best interest to compare quotes before making a selection.

Your Hagerstown homeowners insurance can help to prevent a major disaster from causing you large financial losses. These policies can cover the costs associated with such risks as accidental fires, severe weather events, and liability lawsuits. It can also compensate you for losses resulting from property crime, like burglary. Here in Hagerstown, where the burglary rate greatly exceeds the national average, this is of particular importance.

A local independent agent can find you the right insurance policy to meet your coverage and budgetary needs. These agents can explain your various coverage options, answer your insurance-related questions, and help you determine how high your coverage limits should be. Find an independent agent near you to get started.