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The Best Homeowners Insurance Companies in Maryland

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    The number one homeowners insurance company in Maryland by our estimation is State Farm. It has low premiums, offers numerous discounts, and has great online resources available for its members. It is not without strong competition, however.

    Close on its heels are Allstate, Pennsylvania National (Penn National), Brethren Mutual, and USAA. Below we have provided our insights on these providers to help you find the best fit for you.  

    The 5 Best Homeowners Insurance Companies in Maryland 

    Compare Maryland’s top insurance companies


    Average PriceAM Best Financial StrengthJ.D. Power Overall Customer Satisfaction 
    State Farm$940A++829*
    Allstate$1,151A+829*
    Pennsylvania National Mutual Casualty Insurance Company$679A-N/A
    Brethren Mutual Insurance$898A-N/A
    USAA
    $911A++889*

    *J.D. Power 2020 U.S. Home Insurance Study, based on a 1,000-point scale

    Best Maryland Homeowners Insurance Companies

    State Farm

    State Farm offers great customer support, competitive pricing and a wide range of coverage options. 

    State Farm

    Best for Online Tools

    Why we chose it

    State Farm is one of the most trusted names in the insurance world. With a huge market share and long-standing experience, State Farm excels as an insurance provider. State Farm’s website and online quote tool are user-friendly and intuitive.
    • 3.75 Reviews Score
    • 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.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    State Farm is one of the most trusted names in the insurance world. With a huge market share and long-standing experience, State Farm excels as an insurance provider. State Farm’s website and online quote tool are user-friendly and intuitive.

    Pros

    • Financially strong
    • Robust and user-friendly website
    • Detailed online quotes

    Cons

    • Poor customer service reviews
    • Limited discounts
    • Discounts vary by state
    Read More

    Discounts available

    • Burglar, fire alarm discounts
    • Multi-policy discount
    • High deductible

    Unique features

    State Farm’s modern website has a great online quote tool to help you understand your premiums and compare with others.

    *J.D. Power 2020 U.S. Home Insurance Study, based on a 1,000-point scale

    Further Reading on State Farm:

    Allstate

    Allstate has a long history, having been in operation since the early 1930s. Allstate operates in 50 states and is the third most popular brand in America.

    Allstate

    Best for Discounts

    Why we chose it

    Allstate’s insurance policies have wide-ranging coverage and customizable policies for your individual needs. With Allstate’s great website and app, it’s easy to manage your account online. Allstate customers can also reduce the cost of their insurance with one of Allstate’s many discounts.
    • 4 Reviews Score
    • 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.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Allstate’s insurance policies have wide-ranging coverage and customizable policies for your individual needs. With Allstate’s great website and app, it’s easy to manage your account online. Allstate customers can also reduce the cost of their insurance with one of Allstate’s many discounts.

    Pros

    • Lots of discounts
    • Customizable policies
    • Helpful website and app

    Cons

    • Lost of customer complaints
    Read More

    Discounts available

    • New customers 
    • Home-buyer discount
    • Loyal customers
    • Security system discounts
    • Multi-policy

    Unique features

    Allstate has a great app, which makes it easy to manage your home insurance, auto or life insurance, pay bills and more from one simple place. The range of discounts available also makes Allstate stand out.

    *J.D. Power 2020 U.S. Home Insurance Study, based on a 1,000-point scale

    Further Reading on Allstate:

    Pennsylvania National Mutual Casualty Insurance Company (Penn National)

    Also known as Penn National, this insurance company services 11 states in the U.S. and offers a wide range of coverage options.

    Pennsylvania National Mutual Casualty Insurance

    Best Value

    Why we chose it

    Penn National has a great range of discounts and a wide variety of additional coverages to suit most households. Penn National has the lowest average premiums of our top picks.
    • 3.7 Reviews Score
    • 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.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Penn National has a great range of discounts and a wide variety of additional coverages to suit most households. Penn National has the lowest average premiums of our top picks.

    Pros

    • Wide range of additional coverages
    • Affordable premiums
    • Many available discounts

    Cons

    • Lack of online quote tools
    • No J.D. Power Rating
    Read More

    Discounts available

    • Claim-free discount
    • New homebuyer discount
    • 55+ discount
    • Protective device discount
    • Roofing discount

    Unique features

    Penn National stands out with its affordable solutions and range of discounts available, while also offering comprehensive coverage.

    Brethren Mutual Insurance

    Brethren Mutual Insurance is a little-known insurance company, but its low premiums make it great value for money.

    Brethren Mutual Insurance

    Best for Customer Satisfaction

    Why we chose it

    Brethren Mutual Insurance has been selected for the value of its low premiums. However, it’s worth noting that there’s conflicting information about its customer service. The company has no complaints from the Better Business Bureau, but its NAIC complaint rating is four times what’s expected in the market. For some, the lower premiums may be worth that risk, but know that you’re potentially opting into that tradeoff.
    • N/A Reviews Score
    • 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.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Brethren Mutual Insurance has been selected for the value of its low premiums. However, it’s worth noting that there’s conflicting information about its customer service. The company has no complaints from the Better Business Bureau, but its NAIC complaint rating is four times what’s expected in the market. For some, the lower premiums may be worth that risk, but know that you’re potentially opting into that tradeoff.

    Pros

    • Low premiums

    Cons

    • No J.D. Power Rating
    • Lack of online resources
    • Conflicting complaint ratings
    Read More

    Discounts available

    Multi-policy discount

    Unique features

    Brethren Mutual Insurance stands out for its low premiums. While there are not many discounts advertised, this insurance company has one of the lowest average premiums.

    USAA

    USAA is one of the top choices for military service members and their families. In particular, the company is praised for its customer service.

    USAA

    Best for Military Members

    Why we chose it

    USAA is one of the best home insurance companies in Maryland and also serves 50 states. USAA will cover the complete cost of replacing your home in the event that it’s destroyed or damaged.
    • 4 Reviews Score
    • 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.
    • 889* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A- BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    USAA is one of the best home insurance companies in Maryland and also serves 50 states. USAA will cover the complete cost of replacing your home in the event that it’s destroyed or damaged.

    Pros

    • Great customer service
    • Competitive prices
    • Complete cost of replacing your homes
    • Good online resources

    Cons

    • Only for service members
    • Not many discounts
    Read More

    Discounts available

    • 10% Discount for taking out auto insurance
    • 10% No-claims

    Unique features

    USAA is one of the only insurance companies to promise to cover the cost of your home if damaged or destroyed.

    *J.D. Power 2020 U.S. Home Insurance Study, based on a 1,000-point scale

    Further Reading on USAA:

    Average Cost of Homeowners Insurance in Maryland

    According to the Insurance Information Institute’s (III) most recent data, the average price of homeowners insurance in Maryland is $1,037 per year. This falls a bit below the national average of $1,211. Just keep in mind that many things will affect the price of your homeowners insurance besides the state in which you reside, including:

    • Age, construction, and location of the home
    • Your credit score
    • Your chosen policy
    • Your chosen deductible
    • Type of heating
    • Previous claims
    • Discounts

    Home Insurance Add-Ons That Will Further Protect You

    For many homeowners in Maryland, the main concern is water damage. If you’re near the coast or in proximity to flood zones, be sure to ask your provider what water damage is covered in your policy. 

    Another thing to consider is earthquakes. Parts of Maryland are considered to be at moderate risk of a damaging earthquake in the near future

    Water and Sewage Backup Endorsement

    Water damage of any kind can be devastating, and having coverage for water and sewage backup can mitigate any risk you run of fighting your insurance company over the cause of loss. 

    In fact, the Maryland Insurance Administration indicates that all providers are legally required to offer it to their members. 

    Flooding

    Another form of water damage Maryland is at risk of is flooding. All it takes is one good hurricane or tropical storm and the damage is done. 

    Flood insurance can only be purchased through the National Flood Insurance Program (NFIP), which is offered by the U.S. government. However, many providers have partnered with the NFIP so you won’t need to apply separately. 

    Earthquakes

    About half of Maryland is prone to frequent earthquakes because there are numerous fault lines throughout the state. Although many of them are considered harmless, homeowners are still at risk of possible property damage from quakes. 

    The National Association of Insurance Commissioners (NAIC) provides this helpful guide for purchasing earthquake insurance. 

    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

    Cost of Homeowners Insurance by Age of Home

    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. 

    Helpful Resources for Maryland Homeowners

    The Maryland Insurance Administration has helpful tools and resources for every type of insurance you can buy, and its homeowners insurance page is particularly helpful. Homeowners may find the following categories particularly informative, each with numerous links, tools, and videos:

    • General information
    • Earthquake insurance
    • Rates
    • Claims
    • Early Cancellation/Nonrenewal
    • Rebuilding after a claim
    • Miscellaneous

    Homeowners Insurance FAQ

    Is homeowners insurance required in Maryland?

    Homeowners insurance is not legally required in Maryland, but it is recommended to ensure your home is fully protected against damage, natural disasters and other issues. If you have a mortgage, your lender will likely require you to have it as protection for both you and them. 

    What is the cheapest homeowners insurance in Maryland?

    Based on Quadrant data provided above, the cheapest homeowners insurance in Maryland is Pennsylvania National Mutual Casualty Insurance Company. Coming up in close second place is Brethren Mutual Insurance Company, followed by USAA and State Farm. 

    How can you reduce your home insurance premium?

    To reduce your cost of homeowners insurance, there are a few things you could do. You could install fire alarms or security equipment to bring your premiums down. Another way to reduce the cost is to look into insurance companies that offer discounts. Companies such as State Farm and Penn National have great discounts on offer. 

    Methodology

    We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
    • Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available. 
    • Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
    • Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

    About the Authors

    Lauren Ward

    Lauren Ward Contributing Writer

    Lauren Ward is a personal finance writer who regularly covers consumer insurance products. Her work has appeared in a variety of online publications, including Bankrate and The Simple Dollar. She graduated from Georgetown University with a BA in Japanese.

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