A quality home insurance policy is essential in protecting your investment in your home. It also pays off with valuable peace of mind! But shopping for home insurance in Maryland can be confusing, especially if you’re a new homeowner and haven’t really shopped for insurance before.
We’ve highlighted the need-to-know details to help you find the insurance that’s best for your needs and your budget.
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The average cost of home insurance in Maryland is $1,630 per year, which includes $300,000 of dwelling coverage and $300,000 of liability coverage with a $1,000 deductible at 2% hurricane deductible. While that gives you a rough place to start, many factors impact home insurance costs, including your home’s age and size, the presence of features like pools, and even your location.
Since factors like crime rates and average home value vary from city to city, home insurance rates are impacted by where you live within the state. Some Maryland cities have lower than average rates, while other cities have rates that are higher than the state average.
| Maryland City | Average Cost of Home Insurance Per Year |
| Bethesda | $1,358 |
| Frederick | $1,359 |
| Rockville | $1,354 |
| Glen Burnie | $1,556 |
| Baltimore | $1,927 |
These average prices can give you a rough idea of what your costs will be, but since so many variables impact home insurance rates, a personalized quote will give you the most accurate information. You can request free home insurance quotes in Maryland from ConsumerCoverage to get started.
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You can save money on home insurance in Maryland in several ways. As you shop for insurance, ask insurance providers if they offer a discount for bundling multiple policies, like a home insurance and car insurance policy. Some insurance providers offer additional discounts if you install an alarm system in your home.
You may also be able to save money by choosing a policy with a higher deductible. With a higher deductible, you’ll have lower premiums, but it’s important to make sure that you’re able to pay that higher deductible if you ever need to file a claim.
Shopping around and comparing quotes can help you to find the right coverage at the best price. To get started, request a free homeowners insurance quote from ConsumerCoverage today.
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Paige Cerulli Paige Cerulli is a freelance content writer and journalist who specializes in personal finance topics. She graduated from Westfield State University and brings more than a decade of professional writing experience to the ConsumerCoverage team. Paige’s work has appeared in outlets including USA Today, Business Insider, and more.
