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Maryland Homeowners Insurance Quotes
For all Maryland residents living in a single family home, consider "The Old Line State" great location when comparing your homeowners insurance facts and statistics with the rest of the country. Did you know on average, Maryland homemowners pay only $800 on average for homeowners insurance making Maryland ranked number thirty in the nation. The nationwide average is around $978. Overall, Maryland is above average as 66.5 percent of housing units in the state of Maryland were owner occupied, the average was 63.5%. In 2013, some of the neighboring states like West Virginia, Delaware, Minnesota and Vermont had the highest percentage of owner-occupied housing units.
You may find it interesting that in 2012 Hawaii, California and New Jersey had the highest homeownership costs, based on the percentage of homes in which owners spent 30% or more of their income on home related expenses like mortgage payments, real estate taxes, property insurance, general utilities, oil, gas and fees. Maryland was a little below average at 33.2%, the United States average was 33.7%. It's very important that your home insurance coverage is affordable, but most of all benefical when you need to depend on insurance protection and quality service.
At GetHomeInsuranceQuotes.com, we provide quality service to our customers and you can find affordable premiums and great coverage from an agency that has been in Maryland for over 12+ years. Our Maryland licensed agents are ready to help you compare multiple home insurance quotes and review a variety of coverage options that best fit your needs. We can shop up to 12 top carriers in MD, which may include: Nationwide, Progressive, Safeco, Liberty Mutual, Travelers, Metlife, Foremost Insurance, Zurich, The Hartford, Chubb and Titan Insurance.
Give us a call today or easily start your Maryland home insurance quote now. Just enter your zip code above to start your free quote!
Average Homeowners Insurance Premiums in Maryland
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Maryland homeowners are paying on average. Did you know that the average homeowners insurance premium in Maryland is $1392? Maryland is now ranked 27 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Maryland is 6.18% more than the national average.
| Year | Average Annual Premium | Average Monthly Premium | State Rank (Overall) |
|---|---|---|---|
| 2022 | $1392 (11.7%) | $ 116 | 27 |
| 2021 | $1238 (5.7%) | $ 103 | 28 |
| 2020 | $1169 (3.9%) | $ 97 | 29 |
| 2019 | $1125 (5%) | $ 94 | 31 |
| 2018 | $1071 (3.23%) | $ 89 | 32 |
| 2017 | $1037 (1.46%) | $ 86 | 30 |
| 2016 | $1022 (3.99%) | $ 85 | 30 |
| 2015 | $982 (4.25%) | $ 82 | 32 |
| 2014 | $942 (4.2%) | $ 79 | 34 |
| 2013 | $904 (8%) | $ 75 | 33 |
When we combine the state averages over the last decade, the Maryland overall average is estimated to be around $1,165.33. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Maryland current state rank compare to the rest of the country is #27. Consider shopping your Maryland home insurance with us so we can help you save up to 40% or more on your policy.
Find Local MD Homeowners Insurance Quotes & Coverage
For more information on homeowners insurance in your area, choose a county below:
Maryland Homeowners Insurance News & Information
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Homeowner’s Insurance Premiums Skyrocket: Forcing Homeowners to Consider Moving Posted on Thursday 11th September, 2025
While states like Florida, California and Louisiana have seen climbing insurance costs for years due to severe weather, flooding and hurricanes, other states, Colorado and Illinois are good examples, are seeing climbing rates as well due to hailstorms and wildfires. As homeowner’s insurance premiums skyrocket, for some policyholders, the math no longer makes sense forcing […]
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New Report Reveals Reasons Why Home Insurance Prices Increase Posted on Monday 8th September, 2025
Owning a home is becoming harder to afford for many Americans, in many cases due to the high cost of homeowners insurance. A recent report found that energy companies are responsible for a large amount of the pollution that is leading to climate change and more extreme weather, wildfires and flooding. A report recently released […]
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Homeowners in Florida Finally See Relief From Higher Insurance Costs Posted on Wednesday 27th August, 2025
According to a recent Realtor.com article, homeowners in Florida, at least some of them, may finally seem some relief from higher homeowner insurance costs. Florida Peninsula Insurance which is one of the largest private party property insurers recently announced that it is hoping to significantly lower premiums for roughly 170,000 policyholders. Florida Peninsula has filed […]
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How can I lower my homeowners insurance rate? Posted on Monday 18th August, 2025
According to a recent report from the National Association of Realtors, homeowner insurance premiums have jumped up 10% since last year which follows a similar increase in 2023. Premium increases were even higher in states where severe weather and wildfires were more common. In a recent AOL.com article, Paul Burns commented on how he had […]
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5 Perils Not Covered by Homeowners Insurance Posted on Tuesday 29th July, 2025
Homeowners insurance is an absolute necessity to protect your home and its contents. If you have a mortgage on your home, it is also required. While homeowners insurance offers plenty of protection, there are gaps in coverage that you should be aware of because they can lead to massive out of pocket costs if you […]
Maryland Housing & Real Estate Data
| Details: | Staticstics |
|---|---|
| Total Housing Units | 2378814 |
| Occupied Housing Units | 2156411 |
| Vacant Housing Units | 222403 |
| Vacant Housing Units for Rent | 61874 |
| Vacant Housing Units Rented Not Occupied | 3742 |
| Vacant Housing Units For Sale | 32883 |
| Vacant Housing Units Sold Not Occupied | 6586 |
| Vacant Housing Units For Seasonal Occasional Use | 55786 |
| Vacant Housing Units All Other Vacants | 61532 |
| Housing Units Homeowner Vacancy Rate Percent | 2.2 |
| Housing Units Rental Vacancy Rate Percent | 8.1 |
| Housing Tenure Occupied Units | 2156411 |
| Housing Tenure Occupied Units Owner Occupied | 1455775 |
| Housing Tenure Occupied Units Owner Occupied Population | 3940520 |
| Housing Tenure Occupied Units Owner Occupied Averge Household Size | 2.71 |
| Housing Tenure Occupied Units Renter Occupied | 700636 |
| Housing Tenure Occupied Units Renter Occupied Population | 1694657 |
| Housing Tenure Occupied Units Renter Occupied Average Household Size | 2.42 |
Understanding Maryland Homeowners Insurance
When shopping for Maryland homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for Maryland renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in Maryland, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Maryland rates and coverage options.