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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 $1169? Maryland is now ranked 29 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 10.83% less than the national average.

YearAverage Annual PremiumAverage Monthly PremiumState Rank (Overall)
2020$1169 (3.9%)$ 9729
2019$1125 (5%)$ 9431
2018$1071 (3.23%)$ 8932
2017$1037 (1.46%)$ 8630
2016$1022 (3.99%)$ 8530

When we combine the state averages over the last decade, the Maryland overall average is estimated to be around $990.00. 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 #29. Consider shopping your Maryland home insurance with us so we can help you save up to 40% or more on your policy.

Maryland Homeowners Insurance News & Information

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]

  • I can’t afford my home insurance, what do I do? Posted on Saturday 9th November, 2024

    According to data from the National Association of Realtors (NAR), the average U.S. insurance rate is $2,377 a year. The data also suggest that homeowners could see a 6% rise in rates by the end of the year which is in addition to the 20% increase over the two previous years. As climate change pushes […]

  • How to Get the Best Homeowners Insurance Policy for Your Needs Posted on Wednesday 6th November, 2024

    Having the proper insurance coverages in place is a critical part of owning a home, it protects your investment and finances in the event your home is destroyed by an unexpected disaster such as a fire, flood or severe storm.  Understanding the different coverages that are available to homeowners is key to making sure you […]

  • Homeowners Shopping Rates Due to Rise in Premiums Posted on Monday 23rd September, 2024

    According to the recently released J.D. Power 2024 U.S. Home Insurance Study a nationwide rise in premiums has driven many customers to shop for new policies as their rates are now too high.  “’The average shopping rate among home insurance customers has climbed to a record high of 6.8% through the second quarter of 2024, […]

Maryland Housing & Real Estate Data

Details:Staticstics
Total Housing Units2378814
Occupied Housing Units2156411
Vacant Housing Units222403
Vacant Housing Units for Rent61874
Vacant Housing Units Rented Not Occupied3742
Vacant Housing Units For Sale32883
Vacant Housing Units Sold Not Occupied6586
Vacant Housing Units For Seasonal Occasional Use55786
Vacant Housing Units All Other Vacants61532
Housing Units Homeowner Vacancy Rate Percent2.2
Housing Units Rental Vacancy Rate Percent8.1
Housing Tenure Occupied Units2156411
Housing Tenure Occupied Units Owner Occupied1455775
Housing Tenure Occupied Units Owner Occupied Population3940520
Housing Tenure Occupied Units Owner Occupied Averge Household Size2.71
Housing Tenure Occupied Units Renter Occupied700636
Housing Tenure Occupied Units Renter Occupied Population1694657
Housing Tenure Occupied Units Renter Occupied Average Household Size2.42

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.