Insurance in Maryland
Maryland auto insurance rates average $1,980/year, driven by the high traffic density in the Baltimore-Washington corridor and the state's high vehicle theft rate.
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All Insurance Types in Maryland
Select an insurance type to see Maryland-specific rates, requirements, and top providers.
Auto Insurance
- State minimum: 30/60/15
- Fault system: at-fault
- 12% above national average
Homeowners Insurance
- Primary risk: Winter storms and ice dams
- 1% above national average
- Avg home value: $350,000
Renters Insurance
- Covers personal belongings
- Liability protection included
- Most affordable coverage type
Life Insurance
- Term & whole life options
- No medical exam options available
- Lock in rates while young
Health Insurance
- ACA marketplace plans
- Employer & individual options
- Covers preventive care
Maryland Insurance Rates vs National Average
Annual average rates. Gray bar = national average for comparison.
Maryland Insurance Risk Profile
These four risk factors directly influence your insurance premiums in Maryland.
Nor'easters, occasional hurricanes, and severe summer storms
DC suburbs (I-270/I-495) among worst traffic in the US
Above-average vehicle theft in Baltimore metro
Moderate flood and hurricane risk in Chesapeake Bay region
Maryland Insurance Facts
Find Insurance by City in Maryland
City-level guides with local rates, top providers, and coverage tips.
Compare All Insurance in Maryland
Get personalized quotes for auto, home, renters, life, or health insurance from top-rated carriers in Maryland. Free, no obligation, takes 2 minutes.
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Frequently Asked Questions — Insurance in Maryland
Answers about auto, home, renters, life, and health insurance requirements, costs, and coverage in Maryland.
Maryland requires all drivers to carry minimum auto insurance of 30/60/15 liability coverage. While homeowners insurance is not mandated by law, mortgage lenders require it as a condition of financing. Renters, life, and health insurance are all voluntary but strongly recommended.
The average full coverage auto insurance rate in Maryland is $1,800/year/year. Minimum liability coverage costs significantly less but leaves you underprotected. Rates vary widely by ZIP code, driving record, vehicle, and carrier — compare at least 3–5 quotes to find the best rate.
Home insurance in Maryland averages $1,500/year. Key risk factors affecting premiums include Winter storms and ice dams. Rates vary significantly by location, home age, coverage amount, and the carrier you choose.
The most effective ways to save on insurance in Maryland are: (1) Compare quotes from at least 3–5 carriers. (2) Bundle auto and home or auto and renters insurance for a 10–25% discount. (3) Raise deductibles where you can afford to. (4) Ask about discounts for good driving records, home security systems, or paying annually.
Top-rated carriers in Maryland include GEICO, Progressive, State Farm. The best company for you depends on which insurance type you're shopping for and your specific risk profile. Always compare quotes because the same carrier can be the cheapest for one driver and expensive for another.
Maryland does not legally require renters insurance, but many landlords require it as a lease condition. At an average of just $150–220/year, renters insurance protects your personal belongings and provides liability coverage — making it one of the best value insurance products available.