Best homeowners insurance in Baltimore, MD for 2022

We looked at average costs, coverages availability, and customer satisfaction ratings to find the best homeowners insurance companies in Baltimore.

Jessica Olivo

By

Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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Pat Howard

Pat Howard

Managing Editor & Licensed Home Insurance Expert

Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

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Baltimore may be known for its food, culture, and bustling nightlife, but residents should also be aware of their home insurance policy options. The city’s proximity to the coast makes it subject to coastal storms that could put your home at risk. 

The average cost of homeowners insurance in Baltimore is $2,052 per year or $171 a month. This is around 18% higher than the statewide average of $1,733 per year, and about 8% higher than the national average of $1,899. 

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However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Baltimore.  

Best homeowners insurance companies in Baltimore

Of the companies in Baltimore we looked at, USAA’s average annual premium of $1,376 is the lowest — around 30% lower than the Maryland average. While USAA also has the highest J.D. Power score, which rates companies for customer and claim satisfaction, State Farm, Allstate, and Travelers are all rated highly as well. The most expensive average yearly rate is $6,419 with Travelers.

Policygenius analyzed thousands of quotes from the 5 largest Baltimore insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Baltimore residents to find the best homeowners insurance in Baltimore.

Company

Average yearly cost

J.D. Power Rating

State Farm

$1,460

835

USAA

$1,376

882

Allstate

$2,061

829

Travelers

$6,419

800

Erie

$1,518

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State Farm

State Farm logo

There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.

Pros

  • Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage

  • Get up to $1 million in personal liability coverage

  • Score discounts for bundling, installing security devices, and choosing a high deductible

  • File and track claims online, over the phone, in person, or through its mobile app

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers or going a year without a claim

Why State Farm tops our best list

State Farm’s highly rated customer service extends to their mobile app. From your phone, you can view your ID cards, file and track claims, and even take photos of damage in your home to expedite the claim process.  

How to get a quote

Online through State Farm

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

USAA’s J.D. Power score of 882 is among the best in the industry. While only available for members of the armed forces and their families, USAA customers in Baltimore will receive some of the best service and claim satisfaction around.

How to get a quote

Online through USAA 

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

You can save money with Allstate by taking advantage of their many discounts. Reduce the cost of your homeowners insurance by bundling your home and auto policies, paying your bills on time, renewing your policy, setting up automatic payments, and more. Allstate makes home insurance more affordable with so many ways to save. 

How to get a quote

Online through Policygenius or Allstate

Travelers

Travelers logo

With over 165 years of experience and impeccable financial ratings, Travelers is one of the most trusted home insurance companies in the business. It offers personalized coverage and a slew of policy add-ons to ensure you have exactly the right protection.

Pros

  • 4 customizable policy packages with several available add-ons, like extended replacement cost and water backup coverage

  • Offers eco-friendly green home coverage and discounts

  • Protect expensive family heirlooms and appliances with equipment breakdown, guaranteed replacement cost, and personal articles coverage

  • File claims online — plus, Travelers has special catastrophe centers for claims after a natural disaster

Cons

  • Below-average customer service and claims satisfaction ratings

Why Travelers tops our best list

Travelers offers several high-quality home insurance coverage add-ons. With identity fraud protection, you can receive up to $25,000 to restore your identity in case it’s stolen. Travelers also offers an option to cover additional costs when rebuilding or repairing your home with “green” materials. 

How to get a quote

Online through Policygenius or Travelers

Erie

Erie logo

With some of the best customer service ratings in the industry, Erie offers comprehensive coverage even with its most basic policy — including guaranteed replacement cost coverage and protection for lost items.

Pros

  • Score up to a 25% discount when you bundle your home and auto insurance

  • Guaranteed replacement cost coverage is included in the base policy

  • Theft coverage includes lost or misplaced items — a rare perk we don't see often

  • Multiple policy add-ons available, including water backup and service line coverage

  • Among the best customer service ratings in the industry

Cons

  • Can't file claims online — must speak to an Erie agent on the phone

Why Erie tops our best list

Erie’s base home insurance policy includes coverage that other companies don’t offer, including guaranteed replacement cost dwelling coverage. Erie’s theft coverage extends to items that are lost or misplaced — a perk not offered by many other companies. 

How to get a quote

Online through Erie

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Cheapest homeowners insurance companies by ZIP code in Baltimore

Looking at average home insurance costs for 15 of the most popular companies in Baltimore, we found that the cheapest home insurance in the city can be found in the 21225 ZIP code (Brooklyn Park) with State Auto. The average State Auto rate in this area is $825 per year — almost 60% less than the city average of $2,052  per year. 

While prices in Baltimore fluctuate in different ZIP codes, the table below shows how State Auto offers the cheapest average yearly costs in the city.

ZIP code

Company

Average yearly cost

21201

State Auto

$938

21202

State Auto

$918

21205

State Auto

$973

21206

State Auto

$1,034

21210

State Auto

$893

21211

State Auto

$939

21212

State Auto

$904

21213

State Auto

$1,136

21214

State Auto

$958

21215

State Auto

$1,030

21216

State Auto

$1,093

21217

State Auto

$964

21218

State Auto

$1,049

21223

State Auto

$927

21224

State Auto

$901

21225

State Auto

$825

21229

State Auto

$984

21230

State Auto

$917

21231

State Auto

$904

21233

State Auto

$918

21239

State Auto

$1,006

21240

State Auto

$876

21250

State Auto

$858

21251

State Auto

$916

21287

State Auto

$934

The most affordable areas for homeowners insurance in Baltimore

With an average home insurance rate of $1,533 per year, the 21240 ZIP code (BWI Airport), is the most affordable area for home insurance in Baltimore. Homes in the listed areas tend to be smaller with lower values, which don’t cost as much to insure as larger houses.

ZIP code

Average yearly cost

21240

$1,533

21250

$1,610

21225

$1,893

21210

$1,920

21211

$1,935

The most expensive areas for homeowners insurance in Baltimore

With an average home insurance rate of $2,910, the 21233 ZIP code (Downtown Baltimore) is the most expensive area for home insurance in Baltimore. These areas include older homes built prior to 1939, which makes them more expensive to insure. 

ZIP code

Average yearly cost

21233

$2,910

21287

$2,773

21223

$2,144

21213

$2,132

21205

$2,102

Shopping for homeowners insurance in Baltimore

When shopping for homeowners insurance, it’s important to understand your coverage options and how much of each you might need. By knowing the right amount of coverage you need for your home, you can ensure you are not overpaying or left underinsured.  

Baltimore residents should have enough dwelling coverage to cover damage from both tropical and winter storms, as well as theft and vandalism in areas of higher crime. 

In this section, we break down the average annual home insurance rates in Baltimore for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Baltimore.

Baltimore home insurance costs by coverage amounts

Dwelling coverage helps cover the cost of repairing or rebuilding your home after a covered loss. This amount is based on the rebuild cost of your home, which includes construction materials and labor costs.  

In Baltimore, more dwelling coverage will lead to higher rates on your policy. As the table shows, a policy with $100,000 in dwelling coverage costs an average of $1,087 per year, while a policy with $500,000 in dwelling coverage costs $3,171 — a difference of over $2,000.  

Dwelling coverage amount

Average yearly cost

$100,000

$1,087

$200,000

$1,574

$300,000

$2,052

$400,000

$2,560

$500,000

$3,171

Liability coverage protects you from lawsuits if you are responsible for someone’s injuries or damage to their property. The amount of coverage in your policy should be based on the total value of your assets, including your house, cars and other vehicles, and liquid assets. 

Liability coverage amount

Average yearly cost

$100,000

$2,023

$200,000

$1,593

$300,000

$2,052

$400,000

$1,559

$500,000

$2,215

Baltimore home insurance costs by deductible amount

Your homeowners insurance deductible is the amount you pay out of pocket on each claim. A higher deductible often means lower home insurance rates, and vice versa.

As seen in the table below, Baltimore residents can save around $341 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$1,933

$1,000

$2,052

$2,000

$2,274

Home insurance discounts in Baltimore

Insurers will often offer discounts on your home insurance rates if you install safety devices to secure your home. When you have a smoke detector, burglar alarm, or deadbolt, you are less likely to file an insurance claim. These discounts incentivize customers to make their homes safer, which reduces insurance costs. 

While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Baltimore with deadbolts, smoke alarms, or burglar alarms. 

Discount

Average yearly cost

Dead bolt

$2,049

Smoke alarm

$2,048

Burglar alarm

$1,999

Wind mitigation discounts in Maryland

Many home insurance companies in Maryland offer Fortified Roof, Fortified Home, and other wind mitigation discounts for installing fixtures or using construction techniques to reduce windstorm damage during a hurricane or tropical storm.

→ Learn more about wind mitigation discounts & how to qualify

Home insurance companies in Baltimore for dog owners

Insurance companies often charge higher rates for owners of certain dog breeds, as these dogs account for more instances of bite-related liability claims. 

With an average rate of $1,376 per year, USAA has the cheapest home insurance rates in Baltimore for a home with a dangerous dog breed, while Travelers’ average yearly premium of $6,419 is the highest. 

Company

Average yearly cost

USAA

$1,376

State Farm

$1,460

Erie

$1,518

Allstate

$2,061

Travelers

$6,419

Home insurance companies in Baltimore for pool owners

Pool owners are at a higher risk of filing a liability claim and will often see higher home insurance rates as a result. But not all companies use this as a factor to determine your rate, so be sure to shop around and compare policies if you have a swimming pool. 

With an average rate of $1,386 per year, USAA has the cheapest home insurance rates for Baltimore homes that have a swimming pool, while Travelers’ average yearly premium of $7,233 is the most expensive.

Company

Average yearly cost

USAA

$1,376

State Farm

$1,460

Erie

$1,709

Allstate

$2,061

Travelers

$7,233

How to buy homeowners insurance in Baltimore

Comparing quotes from different home insurance companies is the best way to find the right coverage at the best price. By shopping around, you can determine which insurance company is best for you. Here are some steps to get you started:

  1. Reach out to a licensed Policygenius agent. Policygenius agents are home insurance experts. They can determine how much coverage you need and help you find it for the best price. Our services won’t cost you anything and won’t impact your credit score.

  2. Ask about the Maryland Joint Insurance Association — Maryland’s FAIR insurance plan. If you can’t find home insurance through a traditional company, the Maryland FAIR Plan has coverage options available to make sure your home is covered. 

  3. Consider purchasing flood insurance. Baltimore has seen persistent flooding in recent years, and flood insurance can protect your home and belongings from the effects of water damage. 

  4. Figure out how much you can afford to pay for your deductible. If you live in an area with frequent storm damage or theft, consider paying more to have a lower deductible. Multiple claims can quickly add up in out-of-pocket expenses. 

  5. Compare quotes from a Policygenius agent. Not all companies weigh the same factors in determining your home insurance rate. A Policygenius agent can help you compare quotes to find the best policy.

  6. Choose your policy, sign it, and pay your first premium. Once you’ve decided on which policy is best for your home, a Policygenius agent can sort through all the additional paperwork on your behalf. All that’s left for you to do is sign. 

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Frequently asked questions

Why does the average cost of home insurance vary in different neighborhoods?

Home insurance rates are based on a multitude of factors. Neighborhoods with higher value homes, older homes, or higher crime will likely see more expensive rates.

Will my bad credit be a factor in my home insurance rate?

Insurance companies look at your credit score to determine if you are likely to pay your bills on time or file a claim. Not all companies will charge more for bad credit, though, so shop around to find the best rate.

Is flood insurance included in my home insurance?

No. If you live in a flood zone, you should look into a separate flood insurance policy. Some mortgage lenders may even require it for your loan.

How does the crime rate in my area affect my home insurance?

High crime rates can result in more instances of theft and vandalism, and therefore more insurance claims. Due to this increased risk, insurers usually charge more in areas with high crime.

Methodology

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Author

Freelance contributor

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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