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Maryland residents can save an average of $693 on home and auto insurance when they bundle policies with SelectQuote.
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Home Insurance and Car Insurance in Maryland
Table of Contents
Average Home and Car Insurance Rates in MarylandOther Home and Auto Discounts Available in MarylandHow to Get Insurance Quotes in MarylandSelectQuote Shops Home and Auto Insurance Quotes for YouMaryland Home and Auto Insurance FAQsCar Insurance in MarylandHomeowners Insurance in MarylandAverage Home and Car Insurance Rates in Maryland
The rates listed below are reflective of real SelectQuote customers in different Maryland cities. Your rates will vary based on factors such as your ZIP code, age and condition of your home or vehicle and more.| City | Avg. Monthly Home Insurance Rate | Avg. Monthly Auto Insurance Rate | Avg. Monthly Rate of Bundled Policies |
| Baltimore | $103.36 | $212.47 | $316.28 |
| Elkton | $78.33 | $148.76 | $234.64 |
| Frederick | $87.80 | $154.23 | $214.53 |
| Glen Burnie | $85.12 | $226.34 | $312.92 |
| Silver Spring | $100.53 | $152.89 | $234.27 |
Bundle Your Home and Auto Insurance to Save Money
One of the most significant ways to save on both home and auto insurance is by bundling your policies. At SelectQuote, we've found that bundling these two types of coverage can result in substantial savings for our customers. On average, those who combine their home and auto insurance policies see savings of around $693 per year. This discount is available because many insurance companies reward customers for consolidating their coverage under one provider. Not only does bundling streamline your insurance management, but it also helps reduce your overall premium costs.
Other Home and Auto Discounts Available in Maryland
In Maryland, residents can access a variety of home and auto insurance discounts, such as safe driver rewards, and discounts for security features. These options can help lower premiums while providing comprehensive coverage for their house and vehicle.Homeowners Insurance Discounts
Homeowners insurance discounts are available from many insurance companies in Maryland. Eligibility for these discounts can vary based on your situation, but it’s not uncommon for SelectQuote customers to see discounts for:- Customer loyalty
- Professional associations, such as military or other affiliations
- Installation of home security systems
- New construction
- Installing a new roof or other fixtures
- Bundling home and auto insurance under one insurance company
Auto Insurance Discounts
In Maryland, auto insurance discounts are also widely available to help drivers save on premiums. Many insurance providers offer discounts based on factors such as a clean driving record, completion of defensive driving courses, or the use of anti-theft devices in vehicles. Additionally, drivers who maintain a low annual mileage or park their cars in secure locations may be eligible for further savings.How to Get Insurance Quotes in Maryland
Getting insurance quotes in Maryland is an important first step toward securing the best coverage for your needs. Whether you're looking for homeowners or auto insurance, understanding the process and knowing where to look can help you find affordable options. Here's how you can shop for both types of coverage.Shopping for Homeowners Insurance
When shopping for homeowners insurance in Maryland, start by providing basic details about your home, such as its age, size, location, and the value of your personal belongings. The benefit of working with an insurance brokerage like SelectQuote is that our licensed insurance agent will then connect you with multiple insurance carriers to give you a range of quotes to consider. Be sure to compare coverage limits, deductibles, and additional options, like flood or earthquake insurance, to ensure you have the protection you need. We’ll also help you find potential discounts, including savings for installing home security systems or bundling your home insurance with auto coverage. With the ability to compare policies from multiple insurers, SelectQuote ensures you find the best combination of coverage and cost.Shopping for Auto Insurance
The process for shopping for auto insurance in Maryland is similar. Begin by assessing your vehicle, including its make, model, age, and safety features. Factors like your driving history and annual mileage will also influence your quote. At SelectQuote, our licensed insurance agents will gather quotes from several of the nation’s most highly trusted auto insurance carriers to give you a clear picture of your options. Whether you're looking for liability coverage, comprehensive protection, or collision insurance, SelectQuote helps you compare rates and find the right plan.SelectQuote Shops Home and Auto Insurance Quotes for You
At SelectQuote, we take the hassle out of finding the best home and auto insurance coverage. Instead of spending hours researching different providers, we shop around for you. By comparing quotes from several highly rated insurance companies, we help you find affordable options with the coverage you need. Our team of experts is here to guide you every step of the way, making the insurance shopping experience quick and easy.Our Trusted Maryland Home and Auto Insurance Partners
SelectQuote and our partner home and auto insurance companies provide competitive rates for home and auto coverage. SelectQuote shops for coverage in your state and offers you unbiased access to the best available rates and discounts to meet your home and auto coverage needs.What is the average car insurance cost in Maryland?
The average auto insurance policy in Maryland costs $179.80 per month.+ Car insurance rates are determined by several factors, including:
- Your make, model, and year of vehicle
- Your personal driving record
- Your ZIP code
- How often you drive your car
- What your vehicle is used for
What is the average home insurance cost in Maryland?
The average monthly home insurance premiums for Maryland customers are $105.37.+ Home insurance rates in Maryland will differ based on several factors, including:
- Your ZIP code
- Your credit history
- Your number of previously filed claims
- Your deductible
- Your policy limits
- Applicable discounts
Who has the cheapest insurance rates in Maryland?
The cheapest insurance rates in Maryland typically depend on factors such as your location, driving history, the type of coverage you need, and any discounts you may qualify for. By comparing multiple quotes from various insurers, you can find the most affordable rates tailored to your specific needs.
Do I need mobile home insurance in Maryland?
While mobile home insurance is not legally required in Maryland, it’s highly recommended to protect your home and belongings from potential risks such as fire, theft, or storm damage.
Is flood insurance required in Maryland?
Flood insurance is not required in Maryland unless your property is located in a high-risk flood zone, as determined by FEMA. However, it’s often a good idea to consider it, especially in areas prone to flooding.
What is the penalty for not having car insurance in Maryland?
Driving without car insurance in Maryland can result in significant penalties, including fines, suspension of your vehicle registration, and possible legal consequences. Reinstating registration after suspension can also require paying additional fees.
Car Insurance in Maryland
Maryland's roadways are shared by a large number of vehicles, making auto insurance coverage essential for all drivers. Without insurance, the financial consequences of an auto accident can quickly become overwhelming.Maryland Auto Insurance Laws and RequirementsMaryland requires all drivers to carry specific types of insurance with set limits. This insurance helps protect you from financial liability in the event of an auto accident. Your auto insurance must, at a minimum, cover:- $30,000 for bodily injury
- $60,000 for bodily injuries to two or more people
- $15,000 in property damage coverage
- Bodily injury liability coverage helps pay for injuries or funeral expenses after an auto accident where you are found to be at fault.
- Property damage liability coverage pays for property damage in an accident where you are found to be at fault.
- Underinsured and uninsured motorist coverage can help pay costs related to injuries or property damage if you’re in an accident where the at-fault party either has insufficient auto insurance or no insurance at all.
- Collision coverage pays for damage to your vehicle after an incident involving another driver and vehicle.
- Comprehensive coverage pays for losses and damages to your vehicle that stem from incidents other than vehicles. This includes storm damage, falling objects, animals, fire, theft, and vandalism.
- Gap insurance pays the difference between what a financed/leased vehicle is worth and what you currently owe on the loan.
- Personal injury protection coverage pays for immediate medical expenses for you or your passengers after an incident.
| Types of Coverage | Minimum State Requires |
| Bodily Injury Liability | $30,000 per person/$60,000 per accident |
| Property Damage Liability | $15,000 |
| Uninsured Motorist | Not required |
| Underinsured Motorist | Not required |
| Personal Injury Protection | Not required |
| Collision | Not required |
| Comprehensive | Not required |
| Gap Insurance | Not required |
Maryland Teen Driving Laws
All teen drivers are required to have auto insurance, whether on their own or as a listed driver on their parents’ or guardians’ policy. It is often cheaper to include teen drivers on your own auto insurance. Teen drivers are also subject to additional restrictions as a condition of getting their provisional driver’s license. Restrictions include:Limits on driving with passengers unless accompanied by a supervising driverBeing prohibited from using any wireless communication device, including hands-free devices.Being prohibited from driving between the hours of midnight and 5 a.m., with certain exceptions for school, work, volunteering, or athletics events.Maryland Car Registration Information
New residents must register their vehicle within 60 days of moving to Maryland. To register a vehicle in the state of Maryland, bring proof of ownership (title), proof of insurance, proof of address and your valid driver’s license.Homeowners Insurance in Maryland
In Maryland, 67.5% of the more than 6 million residents own homes and home insurance is one of the most important decisions a homeowner can make. Finding affordable home insurance means comparing prices, understanding what coverage you need, and looking for ways to save—including through bundled auto and home insurance coverage.One important decision when buying a home insurance policy is whether or not you want one that provides the actual cash value or total replacement cost when filing a claim. The actual cash value policy will pay the current cash value of the repairs/rebuild minus depreciation or the policy limit, whichever is lower. Replacement cost policies will pay for the complete rebuild costs, regardless of depreciation.What this means in practice is that a home valued at $250,000 may cost $275,000 to rebuild due to material or labor costs. The actual cash value policy will not cover the remaining $25,000 necessary to rebuild. Replacement cost policies will, provided the costs fall below the policy limit.Common Causes of Loss in Maryland
Maryland’s location on the eastern seaboard puts it at increased risk of claims due to natural disasters, particularly flooding. Even if you live inland, water backups and flooding can occur due to large rainfall amounts from hurricanes. For this reason, it may make sense to buy additional types of insurance.Homeowners Insurance Coverage Options in Maryland
Home insurance coverage in Maryland typically includes a standard set of coverages that help protect against losses due to either named perils or having a set list of exclusions. Common types of home insurance coverage in Maryland homeowners insurance policies include:- Dwelling coverage pays for the the repair or rebuilding of your home's structure, including the windows and roof.
- Personal property coverage protects the belongings inside your home, such as furniture, appliances, bicycles, and more. It even covers these items if they’re stolen or damaged outside of your house.
- Liability coverage helps defend and protect you against lawsuits filed as a result of injury on your property. It also helps in cases where you damage another person’s property.
- Guest medical protection coverage will pay for immediate medical expenses for a person who is injured on your property.
- Additional living expenses coverage can help pay for lodging, food, and other expenses accrued as a result of your home being uninhabitable after a covered loss.
Additional Coverage Options Recommended for Maryland Homeowners
Depending on where you live in Maryland, you may experience an increase in certain risks, such as flooding or theft. In these cases, buying extra insurance coverage may be a good idea. Additional coverage options available to Maryland homeowners include, but not limited to:- Flood insurance, which is rarely if ever covered by standard homeowners insurance policies. Flood insurance is available for purchase from the National Flood Insurance Program (NFIP) or some private insurance companies.
- Water backup coverage pays for damages to your home’s structure or property if a sewer or drain line backs up. It’s common to see this kind of damage when sump pumps fail, but it can also happen as a result of any sewer or drain issue.
- Identity theft coverage can help recoup the cost of legal fees, lost wages, or other expenses if your identity is stolen.
- Scheduled personal property coverage can cover valuable items such as engagement rings or antiques, but the items often need to be professionally appraised.
SelectQuote Can Shop Maryland Home or Auto Insurance to Save You Time and Money
If you’re shopping for home and auto insurance in Maryland for the first time, SelectQuote can help you learn about and buy the right kind of coverage for your house and/or car. We can also help existing customers compare their current insurance policies to new ones. We’ll find the most affordable insurance coverage that meets your needs, including bundled home and auto policies to help maximize your savings.+Average rates calculated are based on effective SelectQuote customer policies in Maryland between 4/1/2022 and 3/31/2023. Rates will vary based on level of coverage, location, age, and additional determining factors.We do the shopping. You do the saving.
