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The Best Homeowners Insurance in Maryland of 2021

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    Reviews Report

    • Reviews.com’s picks for best home insurance companies in Maryland are USAA and Allstate, both earning a 3.8 out of 5.
    • The cheapest home insurance provider in Maryland is Penn National Mutual Insurance. 
    • The average cost of home insurance in Maryland is $1,071 per year.

    Homeowners insurance isn’t a legal requirement in Maryland, but if you own a home, it’s a good investment. The average cost of homeowners insurance in Maryland is $1,071 per year, which is well below the national average rate of $1,249.

    Finding the best home insurance in Maryland can be challenging because there are so many providers on the market. We did some research and found that USAA, Allstate, Penn National Mutual, and State Farm have the best Maryland home insurance policies. We reviewed these companies based on their average rates, discounts, coverage options, and third-party ratings.

    The 4 Best Homeowners Insurance in Maryland

    Compare the Best Maryland Home Insurance Companies

    Reviews.com Score Score is based on company’s customer experience, financial stability, and coverage options. Average Premium** J.D. Power Customer Satisfaction* J.D. Power scores are based on surveys for customer satisfaction and product quality. AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. Standard & Poor’s Standard & Poor’s (S&P) rates creditworthiness for businesses, countries and cities that issue bonds.
    Pin USAA3.8$911889A++AA+
    Pin Allstate3.8$1,151829A+AA-
    Pin Penn National3.75$679N/AA-BBB
    Pin State Farm2.8$940829A++AA

    Information accurate as of June 2021

    *Data provided by Coverage.com

    **J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    USAA

    Best for Military Members

    Why we chose it

    USAA is one of the highest-rated home insurance companies in Maryland, with excellent customer service, good coverage options, and low rates for military members.
    • 3.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $911* Average Premium Pricing data comes from our partners at Coverage.com.
    • 889** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    USAA is one of the highest-rated home insurance companies in Maryland, with excellent customer service, good coverage options, and low rates for military members.

    Pros

    • Great customer service
    • Competitive prices
    • Policies include replacement cost coverage

    Cons

    • Must be affiliated with the military to get coverage
    • Not many discounts
    • Few local office branches
    Read More

    Available Discounts

    Additional Coverage

    • Home sharing insurance
    • Identity theft coverage
    • Earthquake insurance
    • Flood insurance
    • Military uniform coverage
    • Valuable personal property coverage

    More USAA Insurance Reviews

    Allstate

    Best for Optional Coverages:

    Why we chose it

    Allstate offers an impressive list of optional coverages, including some unique endorsements, that can help Maryland homeowners customize a policy to meet their specific needs.
    • 3.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,151* Average Premium Pricing data comes from our partners at Coverage.com.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    Allstate offers an impressive list of optional coverages, including some unique endorsements, that can help Maryland homeowners customize a policy to meet their specific needs.

    Pros

    • More discounts than competitors
    • Plenty of add-on coverage
    • Resource- and tools-packed website

    Cons

    • High number of company complaints
    • More expensive premiums
    • Below-average ratings for claims satisfaction
    Read More

    Available Discounts

    • Deductible rewards
    • Claims-free
    • Multi-policy
    • Responsible payer
    • Welcome and loyalty
    • Home buyer
    • Automatic payments
    • Protective device
    • Early signing

    Additional Coverage

    • Host Advantage insurance
    • Flood insurance
    • Identity theft restoration
    • Water backup coverage
    • Scheduled personal property coverage
    • Business property coverage
    • Sports equipment coverage
    • Green improvement reimbursement
    • Yard and garden coverage
    • Electronic data recovery coverage
    • Musical instruments coverage

    More Allstate Insurance Reviews

    Pennsylvania National Mutual Casualty Insurance

    Best for Discounts

    Why we chose it

    With Penn National Mutual Insurance, Maryland homeowners can take advantage of generous discounts that can help them get a lower premium.
    • 3.75 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $679* Average Premium Pricing data comes from our partners at Coverage.com.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A- AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    With Penn National Mutual Insurance, Maryland homeowners can take advantage of generous discounts that can help them get a lower premium.

    Pros

    • Premiums cheaper than competitors
    • Many available discounts
    • Strong financial rating

    Cons

    • No online quotes available
    • Very few optional coverages
    • Not rated by J.D. Power
    Read More

    Available Discounts

    • Claims-free
    • Non-smoking household
    • New homebuyer
    • Retired homeowner
    • Recent renovations
    • Roof replacement
    • Fire protective device
    • Burglar protective devices
    • Wind mitigation construction
    • Smart home protective devices
    • Automatic payments
    • Multi-policy

    Additional Coverage

      Replacement cost coverage
      Valuable items coverage
    State Farm

    Best for Online Tools

    Why we chose it

    State Farm has the best online tools and resources, which makes it a great option for first-time home insurance buyers in Maryland that need help determining the right amount of coverage for their needs.
    • 2.8 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $940* Average Premium Pricing data comes from our partners at Coverage.com.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.

    Why we chose it

    State Farm has the best online tools and resources, which makes it a great option for first-time home insurance buyers in Maryland that need help determining the right amount of coverage for their needs.

    Pros

    • Financially strong
    • Detailed online quotes
    • Helpful tools and resources for first-time home insurance buyers

    Cons

    • Limited discounts
    • Discounts are not available in every state
    • Below-average claims satisfaction reviews
    Read More

    Available Discounts

    • Multi-policy
    • Home safety device
    • Impact-resistant roof

    Additional Coverage

    • Replacement cost coverage
    • Identity restoration coverage
    • Flood insurance
    • Water back up coverage
    • Earthquake insurance
    • Ordinance/law coverage
    • Inflation coverage
    • Personal articles coverage

    More State Farm Insurance Reviews

    *Data provided by Coverage.com 

    **J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.

    Average Cost of Home Insurance in Maryland

    Using Quadrant Information Services data from Coverage.com, we analyzed home insurance companies in the United States and compared the best homeowners insurance rates in Maryland. We found that the average premium for home insurance in Maryland is $1,315. However, homeowners may be able to find cheap home insurance rates, like $679 a year with Penn National.

    These are sample rates and should be used for comparative purposes only. Your quotes may be different.

    The coverage limits in the methodology are as follows:

    • Coverage A, Dwelling: $200,000
    • Coverage B, Other Structures: $0
    • Coverage C, Personal Property: $100,000
    • Coverage D, Loss of Use: $40,000
    • Coverage E, Liability: $250,000
    • Coverage F, Medical Payments: $1,500
    • The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

    Additionally, homeowners in Maryland’s neighboring states pay slightly less for home insurance. In Delaware, the average annual premium is $873, and in Virginia, the average annual premium is $1,026. Maryland’s coastal location makes homes susceptible to damage from hurricanes, wind storms, and flooding, which contribute to the cost of home insurance in the state. 

    However, every Maryland homeowner pays a different rate for home insurance coverage. Premiums are personalized based on factors like ZIP code, age, credit score, claims history, the size of the home, the condition of the home, and the amount of coverage requested

    The Cheapest Homeowner Insurance Companies in Maryland

    Largest Companies by Market Share in MarylandAverage Annual Premium
    Pennsylvania National Mutual Casualty Insurance Company$679
    Brethren Mutual Insurance Company$898
    USAA$911
    State Farm$940
    Donegal Mutual Insurance Company$1,149
    Allstate$1,151
    Homesite$1,171
    Chubb$1,439
    Bankers Standard Insurance Company$1,987
    Pure Insurance$2,316
    Average Across Companies $1,264

    Average Homeowner Insurance Costs by Age of Home in Maryland

    Age of Home Sample Annual Premium
    5 years$1,263
    20 years
    $1,546
    35 years$1,577
    50 years$1,576
    Average Across Ages$1,490

    Top 3 Cheapest Homeowners Insurance Companies in Maryland 

    • Pennsylvania National Mutual Casualty Insurance – $679
    • Brethren Mutual Insurance Company – $898
    • USAA – $911

    Top 3 Most Expensive Homeowners Insurance Companies in Maryland

    • Pure Insurance – $2,316
    • Bankers Standard Insurance Company– $1,987
    • Chubb – $1,439

    Our research shows that the cheapest home insurance company in Maryland is currently Pennsylvania National Mutual Casualty Insurance Company with an average annual premium of $679. The most expensive is Pure Insurance with an average premium of $2,316. 

    Keep in mind that both premiums are based on the average premiums paid by customers and that neither necessarily represents what you would pay. To get a more accurate quote, you will need to contact each company directly. 

    Common Home Insurance Perils in Maryland

    Because Maryland is located on the coast, there is a strong risk of severe weather that could potentially damage or destroy homes. For instance, flooding is a common occurrence due to heavy rainfall that can cause water levels in major rivers, like the Potomac and Susquehanna, to rise and overflow.

    Additionally, Maryland ranks 11th in the nation for the number of homes that are at risk of damage from a storm surge. According to the Insurance Information Institute, there are 126,589 homes in Maryland that could potentially get damaged by a category five storm. 

    Wildfires can also damage homes in Maryland. The Maryland Forest Service responds to an average of 123 wildfires every year, and fire departments across the state respond to over 5,000 wildfire incidents annually. The Maryland Department of Natural Resources explains that 4% of Maryland wildfires are caused by lightning, and the rest are caused by humans. 

    Add-on home insurance coverage in Maryland 

    If you look on your home insurance declaration page, you’ll see that your home insurance policy doesn’t cover everything. That’s why Maryland homeowners should consider purchasing add-on coverages for more protection and to fill gaps in their standard policy.

    Flood insurance is one of the most important additional coverage options, even if you don’t live along the immediate coastline. USAA, Allstate, and State Farm each offer flood insurance through the National Flood Insurance Program (NFIP). Water backup/sump pump coverage can also be beneficial, because home insurance usually doesn’t cover water damage.

    If you keep valuable items in your home, like fine art, jewelry, collections, money, or furs, you should also consider purchasing scheduled personal property coverage. All of the providers we reviewed offer a type of policy that will extend policy coverage limits for valuable items.

    Here are some Maryland home insurance resources that can help you learn more about your coverage needs:

    Maryland Home Insurance FAQ

    Methodology 

    We evaluated Maryland home insurance companies based on availability, customer satisfaction, financial stability, and coverage to determine Reviews.com score and create our best home insurance reviews. To compare home insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:

    • Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
    • Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
    • Customer Satisfaction: With J.D. Power’s 2020 Home Insurance Satisfaction Study, we assigned a score to each company based on the rating it received.
    • Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
    • Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.

    About the Authors

    Elizabeth Rivelli

    Elizabeth Rivelli Contributing Writer

    Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor's degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.

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