Baltimore, MD, Best Home Insurance Companies

In Baltimore, Maryland, the average cost of home insurance is $729. Baltimore homeowners have to consider different factors such as quote value, add-on policies, claims processing speed, and customer service to choose the best home insurance companies. Below are the top 5 home insurance companies in Baltimore, MD, by market share.

baltimore_md_best_home_insurance_companies

State Farm

State Farm is a well-renowned home insurance company in Maryland, occupying a market share of 18.09%. The home insurance company has written direct premiums worth $333,203 and earned direct premiums worth $ 326,123. A.M. Best has awarded it with a financial strength rating of A++ for its superior financial ability in granting potential claims of current Baltimore policyholders. It holds a customer satisfaction score of 4/5 based on the feedback collected from policyholders by J.D. Power.

Allstate

Allstate has a market share of 11.80%, with direct premiums written worth $217,415, and direct premiums earned worth $215,288. Allstate has the superior financial ability in granting potential claims of current Baltimore policyholders and has been awarded a rating of A+ from A.M. Best. It received a customer satisfaction score of 3/5 from J.D. Power.

Erie

Erie follows Allstate in terms of market share, with 11.22%. The total value of direct premiums written and earned by Erie is $206,609 and $203,055, respectively. It has received a financial strength rating of A+ from A.M. Best for its superior financial ability to grant claims of current policyholders. Based on the feedback curated by J.D. Power, Erie has a perfect customer satisfaction score of 5/5.

USAA

USAA offers its services only to army veterans. However, this has not prevented it from occupying a significant market share with 11.00%. It has direct premiums written worth $202,589, and direct premiums earned worth $195,475. USAA holds a financial strength rating of A++ for its superior financial ability in granting claims of policyholders. It also holds a perfect customer satisfaction score of 5/5 from J.D. Power.

Travelers

Travelers has a market share of 9.77% with direct premiums written worth $179,954, and direct premiums earned worth $175,778. Travelers has the superior financial ability to grant potential claims of current Baltimore policyholders and has been awarded a rating of A++ from A.M. Best. It received a customer satisfaction score of 2/5 from J.D. Power.