5 Best Baltimore Homeowners Insurance Companies (2025)
Amica and Chubb offer some of the best homeowners insurance policies in Baltimore.
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The average cost of homeowners insurance in Baltimore is $1,776 per year for a policy with $300,000 of dwelling coverage and a $1,000 deductible. That’s lower than the Maryland state average of $1,836 per year.
Homeowners insurance doesn’t cover flooding, so coastal homeowners will need to get a separate flood insurance policy. If you live in a ZIP code with a high crime rate, your premiums may be higher as well.
Here’s what you need to know about getting homeowners insurance in Baltimore.
Quick Facts
Amica, Chubb, and Erie are among the best homeowners insurance companies in Baltimore.
Baltimore homeowners can get flood insurance through the National Flood Insurance Program or a private insurer.
Homeowners insurance is more expensive in Baltimore than other Maryland cities.
Best home insurance companies in Baltimore
The right homeowners insurance policy for you depends on your situation and needs. That’s why it’s important to compare policies from multiple insurers before selecting the right policy for you. The five companies below are some of the best homeowners insurance companies in Baltimore to consider in your search.
Amica: Best for customer service
Chubb: Best for older homes
Erie: Best for flood coverage
Travelers: Best for green homes
USAA: Best for veterans
Our editorial team analyzed regional and national home insurance companies that sell policies in Baltimore to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
How much is home insurance in Baltimore?
Homeowners insurance in Baltimore costs an average of $1,776 per year for a policy with $300,000 of dwelling coverage and a $1,000 deductible.
Your home insurance costs will depend on your ZIP code, your home’s age and condition, the amount of coverage you need, and your claims history. A home insurance calculator can help you estimate your premiums.
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Cheapest home insurance companies in Baltimore
The table below shows the cheapest homeowners insurance companies in Baltimore and the annual premiums for policies with $200,000, $500,000, and $750,000 in dwelling coverage.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company  | Average Annual Premium |
|---|---|
| Travelers | $864 |
| USAA | $912 |
| Chubb | $960 |
| Erie | $1,116 |
| State Farm | $1,152 |
| Penn National | $1,236 |
| Homesite | $1,320 |
| Nationwide | $1,560 |
| Encompass | $1,848 |
| Allstate | $1,860 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $1,596 |
| Travelers | $2,064 |
| Penn National | $2,184 |
| State Farm | $2,208 |
| Erie | $2,364 |
| Chubb | $2,376 |
| Homesite | $2,604 |
| Nationwide | $3,228 |
| Allstate | $3,384 |
| Encompass | $4,008 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $2,088 |
| State Farm | $3,048 |
| Travelers | $3,156 |
| Penn National | $3,216 |
| Erie | $3,396 |
| Homesite | $3,468 |
| Chubb | $3,540 |
| Nationwide | $4,464 |
| Allstate | $4,524 |
| Encompass | $5,832 |
How much homeowners insurance do you need in Baltimore?
Maryland doesn’t require homeowners to get insurance, but if you have a mortgage, your lender will probably require it.[?] Even if you own your home outright, a homeowners insurance policy can protect your investment.
Homeowners insurance policies have four main types of coverage:
Dwelling coverage: Dwelling coverage pays to repair or rebuild your home in case of a covered peril, like a fire, wind damage, or sudden and accidental water damage. Consider how much dwelling coverage you need to completely rebuild your home.
Personal property coverage: If a covered peril damages or destroys your belongings (like your clothes, furniture, or electronics), personal property coverage can help replace them. Make sure your coverage equals the value of your belongings. Making a home inventory can help.
Additional living expenses coverage: If a covered peril makes your home uninhabitable, this coverage (also called loss of use) can help pay for hotels, restaurants, and other expenses above and beyond your usual cost of living.
Liability coverage: Liability insurance can help pay for legal expenses if someone is injured on your property or a member of your household causes damage to someone else’s property.
To determine how much homeowners insurance you need in Baltimore, consider how much it would cost to rebuild your home, the value of your personal property, and your lawsuit risks. And remember that homes in certain Baltimore ZIP codes will cost more to rebuild and require more coverage, while homes in higher-crime areas may need higher personal property limits.
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What to know about home insurance in Baltimore
Before purchasing a home insurance policy in Baltimore, it’s wise to make sure you fully understand the unique risks in the region so you can get adequate coverage.
Here are some considerations:
Average cost of home insurance in other cities in Maryland
Different cities in Maryland can have very different homeowners insurance costs. Even within the same city, your costs can vary depending on your ZIP code. Insurers base premiums on several factors, including the risk of weather-related events, the area’s history of crime, proximity to a fire station or fire hydrant, and more. In Maryland, insurance premiums may also be higher along the coast than farther inland.
Here, you can see how home insurance rates can change between different cities in Maryland for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
City | Average Annual Premium |
|---|---|
| Baltimore | $1,776 |
Baltimore homeowners insurance FAQs
If you still have questions about homeowners insurance in Baltimore, the following information can help.
The average monthly cost of home insurance in Baltimore is $148 for a policy with $300,000 in dwelling coverage and a $1,000 deductible. If you live near a body of water, like the coast or the Patapsco River, you’ll also need flood insurance. This will increase your overall cost of coverage.
USAA has the cheapest homeowners insurance in Baltimore, with an average monthly premium of $97.
The best home insurance companies in Baltimore are Amica, Chubb, Erie, Travelers, and USAA. But the ideal insurer for you could be another company. That’s why it’s important to compare quotes from several companies before deciding on your next policy.
The 80% rule states that your dwelling coverage should equal at least 80% of your home’s replacement value. If it doesn’t, you could be underinsured and not have enough coverage if your home suffers catastrophic damage.
Most states allow insurers to review your credit history as part of the quoting process. But in Maryland, it’s illegal for insurers to refuse to cover you, cancel your policy, or refuse to renew your policy based on your credit history.
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