Best Maryland Homeowners Insurance Quotes (2025)

The average cost of homeowners insurance in Maryland is $1,930 for a policy with a $1,000 deductible and $300,000 in dwelling coverage, which is below the national average of $2,532. Maryland homeowners need to protect their property from tornadoes, hurricanes, and flooding. And 1 in 4 flood insurance claims come from moderate-to-low-risk areas, so Maryland homeowners may want to purchase a separate flood insurance policy.1

Here’s what you should know about comparing home insurance quotes and finding coverage in Maryland.

Best home insurance companies in Maryland

With many quality insurers serving Maryland homeowners, it can be hard to evaluate all your options. The best homeowners policy will depend on your situation and needs, but the companies below are Insurify’s top picks for the best home insurance companies in Maryland.

Cheapest rates: Brethren Mutual

Best insurer for military families: Armed Forces Insurance Exchange

Armed Forces Insurance (AFI) Exchange offers insurance policies to veterans, active-duty military members, and their families. While not everyone is eligible for coverage, Maryland’s roughly 360,000 veterans and 100,000 active-duty service members could benefit from an insurance policy with AFI.2 The company offers dwelling, personal property, loss of use, and liability coverage.

Best insurer for flood insurance: Erie

Best insurer for eco-friendly options: Travelers

Cheapest home insurance in Maryland

Your home’s construction, age, and access to the local fire department are just a few factors that determine your home insurance premiums. You can also expect to pay more if you’ve filed any recent insurance claims.

If you’re looking for ways to save on homeowners insurance, these are the cheapest home insurance companies in Maryland.

Cost of homeowners insurance in Maryland

Homeowners in Maryland with a $300,000 home insurance policy pay an average of $1,836 annually. Here are the biggest factors affecting the price of homeowners insurance:3

• Previous claims: If you’ve filed any previous claims on your home insurance policy, your home insurance rates will be higher.

• Construction: The construction of the house also affects your insurance premiums. For example, frame houses tend to cost more than brick houses.

• Age: Newer homes usually cost less to insure than older homes, and many insurers will offer you a discount for insuring a new house.

• Coverage amount: The more coverage you purchase, the more you’ll pay for home insurance each month.

• Deductible: The lower your deductible, the more you’ll pay for your home insurance premiums, and vice versa.

Cost of homeowners insurance by dwelling coverage amount

Dwelling coverage pays to repair or replace your home’s structure if a fire, flood, or other covered peril listed in your policy damages or destroys it. The higher your dwelling coverage, the more you’ll pay for homeowners insurance.

See how the coverage limit you choose in Maryland can affect your monthly home insurance premiums. Rates shown below are for a policy with a $1,000 deductible.

Cost of homeowners insurance by deductible

Your home insurance deductible is the out-of-pocket expense you’ll pay before your insurance coverage kicks in. Choosing a higher deductible means your insurance company pays less on your claim, so a high deductible will lead to lower premiums.

The table below shows how different deductible amounts can affect your yearly home insurance rates for a policy with $300,000 in dwelling coverage.

How to get cheap homeowners insurance in Maryland

The exact cost of homeowners insurance can vary depending on the size of your home and the amount of coverage you purchase. If you’re looking for ways to save, here are four ways to get cheaper homeowners insurance in Maryland:4

• Increase your deductible. Most insurance companies require a minimum $500 deductible, but you could save up to 25% by increasing your deductible to $1,000. Just make sure you can afford to pay this amount out of pocket if you have to file a claim.

• Use safety features. Many insurance companies will give you a discount for using certain safety features in your home. For example, you could receive a discount for installing a sprinkler system or a home security system.

• Bundle your policies. You can also save money by bundling multiple policies with the same insurer. Many insurance companies will give you a discount between 5% and 15% for bundling your home and auto insurance.

• Shop around. The best way to save on home insurance is by receiving quotes and comparing policies from different insurers. When you use a comparison website like Insurify, you’ll apply once and receive quotes from multiple insurers.

How much homeowners insurance do you need in Maryland?

If you take out a mortgage on your home, your lender will require you to purchase homeowners insurance. It’s important to understand exactly what your home insurance policy covers when you buy it so you know you have adequate financial protection.

The Maryland Insurance Administration recommends dwelling coverage limits of at least 80% of the replacement cost of your home. You may also want to ask about additional coverage options, like water backup coverage and extra coverage for your personal belongings.

You may also want to purchase a separate flood insurance policy to protect your home from flood damage. If your insurance company doesn’t offer this coverage, you can purchase a policy from the National Flood Insurance Program (NFIP).

What are some of the biggest risks when owning a home in Maryland?

Here are three common perils Marylanders encounter and how you can protect yourself:

Maryland homeowners insurance FAQs