The 5 Best Maryland Homeowners Insurance Companies

Despite its coastal mid-Atlantic location, the average annual homeowners insurance premium in Maryland was just $837 in 2012  — over $100 less than the national average for that year. That’s not to say natural disasters don’t occur in Maryland — both Superstorm Sandy and Hurricane Irene hit the state pretty hard in recent years, with widespread flooding and snowfall causing significant damage to homes.

To make sure you’re protected in the event of a such an emergency, you’ll need to find a homeowners insurance policy that gives you the right level of coverage without overcharging you. We’ve outlined our top picks among Maryland homeowners insurance providers to give you a starting point in your search. Meanwhile, you can use the online quote tool below to start your research — simply comparing your options is one of the easiest ways to save money each month and get the peace of mind you deserve.

Find the Best Home Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Erie Insurance

Erie Insurance is a great choice for Maryland homeowners — not only does it have some of the lowest rates, it consistently gets high marks for its customer service and financial strength. Erie’s HomeProtector coverage consists of three option tiers:

  • Broadcover covers named damage like fire and theft made to personal property and buildings
  • Extracover provides comprehensive coverage on buildings
  • Ultracover provides comprehensive coverage on both your personal property and buildings

Erie also offers customers the ErieSecure Home policy option, which includes benefits such as guaranteed replacement cost, superior claims services, and bundled endorsements for popular add-on coverage options. Add-ons to this policy come in varying tiers as well, and you can choose to add extra layers of protection for things like identity recovery and fraud reimbursement or debris removal.

Going with ErieSecure Home also gives you discounts for bundling your policies, installing a burglar alarm or sprinklers, and getting a quote at least a week before your policy is to take effect. To determine which of the many policy options would best meet your needs, you can contact a local Maryland Erie agent.

State Farm

State Farm is a top provider of homeowners insurance in Maryland because of its wide availability of coverage options, exclusive resources and tools for customers, and reputable claims services department.

Besides standard coverage, State Farm also offers unique protections for farms and ranches, manufactured homes, small business properties, and some older homes. Regardless of which dwelling you insure through State Farm, you have customer access to tools and special programs, such as State Farm’s Premier Service Program, which sends in local contractors to assist making repairs and recovering your damaged home after a covered loss.

The company’s HomeIndex Home Inventory Tool allows you to easily keep track of your belongings and understand the full value of your personal property, so you’re better prepared to file an accurate claim in the event of an emergency. State Farm has one of the largest claims networks in the world and is easily accessible, day or night, via phone or online.

Amica Mutual

Amica has been around for over 100 years, and for the last 13, it’s been named the “Highest in Customer Satisfaction Among National Homeowner Insurance” by J.D. Power & Associates. Amica also currently has an A++ rating (the highest possible) from A.M. Best for financial strength and issuer credit.

Amica provides customers with dependable, personalized service and flexible coverage options at low prices — ensuring that any unforeseen damage caused to your home won’t leave you high and dry. Amica’s standard policy provides liability protection and covers your dwelling and any additional structures on your property, cost of temporary repairs to prevent future damage after a loss, credit card loss, and any increases you may experience in living expenses if your home is unlivable after a loss. Amica’s homeowners insurance protects you whether or not you’re at home, so you can feel secure knowing that you and your property are still covered if you’re traveling anywhere in the world.

Additional coverage options include personal property replacement coverage, earthquake and flood coverage, and automatic dwelling coverage that kicks into place if the cost of rebuilding or repairing your home exceeds the coverage limit you set on your policy. Visit Amica’s website or contact a rep to learn about other add-on options or to determine if any of these are right for your and your budget.

Allstate

You know you’re in good hands with Allstate because they offer valuable educational tools and resources to help answer any questions you may have regarding your insurance policy. Allstate’s Premium Gauge tool lets you see how different factors like the age of your home or protective device installation can affect the cost of your annual Maryland homeowners insurance premium.

Their Digital Locker, meanwhile, keeps a secure and up-to-date inventory of your personal belongings — simply upload pictures of your items using a smartphone or computer and your data will be synced and stored so you are better protected if anything catastrophic happens.

Allstate also looks out for your budget by offering unique and generous discount options, including discounts for signing up for an easy-pay plan or simply for being a new customer.

Farmers Insurance

If the unfortunate thought of filing a claim becomes a reality, you can put your trust in Farmers Insurance, which has one of the best and most efficient claims tools for homeowners in the market. Farmers gives you the option of filing your claim online, through their iClaim app, in person with a local agent, or via phone with one of their HelpPoint Claim Services reps. Once your claim has been received, you’ll be assigned a claim representative who assesses and evaluates your case specifically and you can stay up to date on the status of that claim using Farmers’ Claims Tracker tool.

Farmers also has a very informative and helpful mobile app and website, with info-rich FAQs and detailed explanations of your policy to ensure that you know exactly what you’re covered for and how to respond in an emergency situation. In terms of discounts, Farmers’ only offers standard options in Maryland, such as multi-policy bundling and protective device and storm shutter installation — so if you think you may qualify for other specialized discounts, it may be worth using the quote tool above to shop around more before making a decision.

Find the Best Home Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

For more information on Maryland homeowners insurance, you can check out the Maryland Insurance Administration’s Homeowners Insurance Consumer Guide as well as our Complete Guide to Home Insurance. To see our top overall picks for the Best Home Insurance nationally, click here.

Loading Disqus Comments ...
Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *

Simple Share Buttons
Simple Share Buttons