The homeowners insurance Maryland average cost covers two very different markets: the rowhouses and older suburbs around Baltimore, priced on their age and systems, and the Chesapeake shore, priced on wind and water. The Insurance Information Institute's NAIC-based figure puts the average US homeowners premium at $1,411 for 2021, and the average renters premium at $170; both are national averages that no single household pays, and the rate pages on this site show what carriers actually file where you live.
What sets the price in Maryland
Rebuild cost sets the dwelling limit, and Maryland's older housing means the roof, wiring and plumbing questions carry weight; a rowhouse shares walls and is priced accordingly. The homeowners insurance cost Maryland carriers file also reflects the county, because territories around Baltimore and the Washington suburbs are rated separately.
The perils carriers price here
Coastal and bay wind, nor'easters and the occasional hurricane remnant carry wind deductibles on the Eastern Shore and around the bay; inland, winter freeze and summer storms are the claims. Flood along the shore and the rivers is a separate policy. FEMA's FloodSmart notes that almost one-third of NFIP flood claims come from outside high-risk flood areas, and a standard homeowners or renters policy does not cover flood at all.
What to compare instead of the average
The rate pages on this site show filed Maryland rates by coverage and situation. Compare quotes on the same dwelling limit and deductible, and for a shore address ask about the wind deductible. The filed rates on this site show how carriers price this where you live, and quotes taken on the same limits and deductible are the only fair comparison.
Questions people ask about homeowners insurance maryland average cost
What is the average home insurance cost in Maryland?
The III's national average is $1,411 a year for 2021; this site publishes no state average, and the filed rates for Maryland on the rate pages show what carriers actually charge by coverage and situation.
Why is homeowners insurance in Maryland priced the way it is?
Rebuild costs, the roof and systems of the housing stock, and the perils named above; the deductible and claims history finish the price.
Does the price include flood?
No. Flood is a separate policy, and FEMA notes that almost one-third of NFIP flood claims come from outside high-risk areas.