Homeowners Insurance in Maryland

The average Maryland homeowners premium is $1,578 a year (NAIC) — ▼ −9% versus the U.S. average of $1,737, ranking 25th of 51.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. Real premiums depend on the insurer, the home, its roof and claims history. We are not an insurance company or agency. How we estimate

Average homeowners and renters insurance in Maryland

Homeowners (HO-3)

$1,578

NAIC average / year

Renters (HO-4)

$162

U.S. $173

Median home value

$419,900

Census ACS

FEMA expected loss rating

Relatively Low

all natural hazards

NAIC averages cover standard owner-occupied (HO-3) policies. Premiums scale with the cost to rebuild, so Maryland's median home value of $419,900 and its exposure to wind, hail and wildfire explain much of the difference from other states.

Natural hazard risk in Maryland

FEMA National Risk Index — expected annual loss by hazard (state level)
Hazard	Expected loss rating	Score	Expected annual loss
Hail	Relatively Low	43.4	$13,718,080
Tornado	Relatively Moderate	45.3	$53,808,039
Hurricane	Relatively Moderate	65.2	$128,389,777
Inland (river) flooding	Relatively Low	35.7	$492,291,600
Coastal flooding	Relatively Moderate	70.3	$27,651,534
Wildfire	Very Low	31.4	$2,544,992
Earthquake	Relatively Low	46.4	$49,943,179
Winter weather	Relatively High	71.4	$14,025,053
Strong wind	Relatively Moderate	49.1	$40,245,896
Lightning	Relatively Moderate	46.2	$22,338,185

Standard homeowners policies exclude flood and earthquake; both need separate coverage. Wind and hurricane damage is covered but often with a separate percentage deductible in coastal states.

Home Insurance Estimator

Estimated annual premium

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Per month

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Estimated homeowners insurance by city

For a home at each city's median value, standard frame construction and a $1,000 deductible. The lowest estimate is in Hagerstown ($885) and the highest in Rockville ($2,285).

City	Median home value	Median year built	Hail / wind	Est. premium
Baltimore	$229,600	1947	Relatively Moderate / Relatively High	$990
Frederick	$401,500	1991	Relatively Moderate / Relatively Moderate	$1,450
Gaithersburg	$496,500	1989	Relatively High / Relatively High	$1,770
Rockville	$682,300	1979	Relatively High / Relatively High	$2,285
Bowie	$459,300	1982	Relatively Moderate / Relatively High	$1,735
Hagerstown	$224,500	1962	Relatively Low / Relatively Moderate	$885
Annapolis	$548,900	1975	Relatively Moderate / Relatively High	$1,935
College Park	$437,900	1981	Relatively Moderate / Relatively High	$1,670

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Frequently asked questions

How much is homeowners insurance in Maryland?

NAIC data puts the average Maryland homeowners (HO-3) premium at $1,578 a year, ranking 25th of 51 (1 = most expensive). The national average is $1,737.

How much is renters insurance in Maryland?

The NAIC average renters (HO-4) premium in Maryland is $162 a year.

What natural hazards affect home insurance in Maryland?

FEMA's National Risk Index rates Maryland relatively high or very high for expected annual losses from winter weather. Standard homeowners policies exclude flood and earthquake, which need separate coverage.

Does homeowners insurance cover floods in Maryland?

No. Standard homeowners policies exclude flood damage. Flood coverage is sold separately through the National Flood Insurance Program (NFIP) or private insurers.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for the state, scale it by the ratio of the home value to the state median home value (Census ACS), adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for the county relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page