Best Homeowners Insurance in Maryland

We have gathered information from around 120+ insurance firms to help you choose the most affordable home insurance rates in Maryland.
Top 5 affordable home insurance firms in Maryland
Maryland home insurance costs by city
Home insurance prices in Maryland
Homeowners insurance deductibles in Maryland
Home and auto insurance bundles in Maryland

Everything about homeowners insurance in Maryland

Even though homeowners insurance is not mandatory but still it helps to keep your family mates safe in the event of common house incidents. Homeowners insurance helps to cover you financially from various incidents like fire breakout, wind damage, robbery, etc.
Unlike automobile insurance ,state legislation has no control over homeowners policies. That is the reason why, cost of homeowners insurance vary from one state to another.
The most efficient way to find an inexpensive homeowners insurance policy in Maryland is to buy and compare rates from as many insurance firms as you can. Have a look over the homeowners insurance rates in Maryland in the given below table. Keep in mind that your home insurance rates will vary, counting on your coverage limits

Homeowners Insurance Rates for Maryland

Average Monthly Premium $96.58

Compare personalized homeowners insurance quotes from multiple companies in Maryland now

Top 5 affordable home insurance firms in Maryland

Rates of Homeowners insurance in Maryland will differ depending on which insurance firm you select. Brethren Mutual has the insurance cost of only $692 annually. As the state's average cost is $1,210, Brethren Mutual provides $512 less than the average policy costs statewide. Check out the home insurance provided by the most inexpensive Maryland insurance companies given below.

Homeowners Insurance Rates In Maryland: By Carrier

CompanyAverage Annual Rate in Maryland
Brethren Mutual$692
State Farm$894

Average Homeowners insurance Rates - Maryland

Maryland home insurance costs by city

Every city in Maryland has different home insurance rates. The rates of the insurance policies depend on city-specific variables,which also includes the amount of claims filed according to their location. This means your ZIP code helps to decide how much you should pay.
Potomac a city in Maryland provides the best home insurance rates. The average home insurance policy here in Potomac costs $935 per year which is $272 less than the other Maryland cities. Check out the cheap homeowners insurance in Maryland given below.

Affordable Cities For Home Insurance In Maryland

CityAverage Yearly Home Insurance Rate
North Bethesda$942
Aspen Hill$951

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Home insurance prices in Maryland

Your chosen level of house owners coverage impacts the insurance premiums you pay. In Maryland, the homeowners who maintain $200,000 of dwelling coverage pay $874 every 12 months, while those with dwelling coverage of $400,000 pay around $1,461 per annum.

Homeowners Insurance Rates In Maryland — Common Coverage Amounts

Coverage LevelAverage Annual Premium
$100,000 Dwelling$576
$200,000 Dwelling$874
$250,000 Dwelling$1,003
$400,000 Dwelling$1,461

Homeowners insurance deductibles in Maryland

Homeowners in Maryland have to make tons of selections when buying a homeowners policy, which includes the quantity of their deductible. A homeowners deductible is called as the amount one who is accountable for paying in a loss. The level you select for a deductible can have an enormous impact on home insurance prices.
If you have lower deductible then your premium are higher. If you would like lower insurance prices, try to aim for a higher deductible. Keep in mind that your homeowners deductible shouldn't be set at an amount that you would have difficulty paying within the event of a loss.
The table given below contains the average rates and deductibles offered by most homeowners insurance firms.

Home and auto insurance bundles in Maryland

If buy home and automobile insurance policies from the same insurance firm, you can save money by getting a discount. Buying both automobile and home insurance in Maryland can save you a considerable amount of cash each month on car insurance. In Maryland, buying bundled policies leads to average annual savings of $107.

Home And Auto Insurance Bundling Savings In Maryland

Avg. Annual Rate (No Bundle)Avg. Annual Rate (w/ Bundle)
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