Baltimore ,MD Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Baltimore, MD homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Baltimore, MD is $1329. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Baltimore, MD. VHome Insurance will help you navigate the world of homeowners insurance coverages in Baltimore, MD.
Coverage Level | Average Annual Premium |
---|---|
$100,000 | $532 |
$200,000 | $904 |
$300,000 | $1,116 |
$400,000 | $1,701 |
$500,000 | $2,140 |
Home insurance costs in Baltimore can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
Zipcode | Average Insurance Premium |
---|---|
000111 | $111 |
21223 | $1,218 |
21205 | $1,209 |
21210 | $1,368 |
21209 | $1,328 |
21212 | $1,308 |
21231 | $1,305 |
21230 | $1,303 |
21201 | $1,288 |
21202 | $1,289 |
21211 | $1,282 |
21214 | $1,268 |
21224 | $1,279 |
21206 | $1,256 |
21218 | $1,259 |
21239 | $1,251 |
21229 | $1,247 |
21215 | $1,249 |
21217 | $1,250 |
21213 | $1,230 |
21216 | $1,233 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Baltimore, MD, and how to choose the right one for your needs.
Deductible Level | Average Annual Premium |
---|---|
$500 Deductible | $1,363 |
$1000 Deductible | $1,219 |
$1500 Deductible | $1,150 |
$2500 Deductible | $1,037 |
$5000 Deductible | $877 |
Home Insurance Company Near Baltimore, MD | Homeowners Insurance Agency Near Baltimore, MD | Address |
---|---|---|
State Farm | Andy Pyo | 374 Maple Ave E Ste 200, Vienna, VA, 22180-4718 |
Travelers | Crawford Yingling Inc | 58 W MAIN ST, WESTMINSTER, MD, 21158 |
Travelers | Mcnamara Financial | 555 RYAN RUN RD STE 101A, YORK, PA, 17404 |
Nationwide | Payne Insurance Agency Inc | 3600 14th St NW, Washington, DC, 20010 |
Travelers | Psa Insurance Inc | 11311 MCCORMICK RD STE 500, HUNT VALLEY, MD, 21031 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
Baltimore Highlands CDP, Maryland | $86 | $114 | $171 |
Lansdowne CDP, Maryland | $85 | $113 | $169 |
Brooklyn Park CDP, Maryland | $86 | $115 | $172 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Baltimore, MD | 3.9% | 11.3% |
Baltimore Highlands | 3.38% | 12.72% |
Lansdowne | 3.71% | 13.25% |
Brooklyn Park | 3.47% | 12.86% |
Baltimore Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
Less than $200 | 6,176 | 5.0% | $348 |
$200 to $299 | 6,838 | 5.0% | $798 |
$300 to $499 | 9,008 | 7.0% | $1248 |
$500 to $749 | 17,667 | 14.0% | $1923 |
$750 to $999 | 31,385 | 26.0% | $2673 |
$1,000 to $1,499 | 34,909 | 29.0% | $3798 |
$1,500 or more | 13,696 | 11.0% | $5448 |
Streets in Baltimore Area | Homeowners Insurance Cost |
---|---|
Little Walsh St, Loch Raven Rd, Whitfield Rd, N Haubert St, Merryman Ln, Malvern Ave, Violet Hill White Way, S Durham St, N East Ave, Parr Ave | $633 |
Blyden Rd, Overview Rd, Plymouth Rd, Gloster Ave, Annetta Ave, Violetville Ln, Angelica Ter, N Chapel Gate Ln, Little Stafford St, Ken Oak Rd | $675 |
E Churchill St, Ridgely St, Joh Ave, Walnut Ave, Pembridge Ave, Everett St, Glenarm Ave, Boyer St, Elmora Ave, McKean Ave | $734 |
Frankfurst Ave, Darley Ave, Delmont Ave, Williamson Ave, Mince Aly, 4th St, Lothian Rd, Queen Anne Rd, Manorview Rd, Talbot Rd | $676 |
Lorman St, Mayfield Ave, Dantrey Ct, Rosalie Ave, Charlotte Ave, Belt St, E Old Coldspring Ln, Yolando Rd, Thomas Ave, Edgehill Ave | $704 |
E Barney St, Mill Race Rd, Hicks Ave, Bryant Ave, Sapp St, Paine St, Quinton St, State Hwy 150, Lawrence St, Jonquil Ave | $675 |
Birchview Ave, Denview Way, Jack St, E 27th St, Broadmoor Rd, Perring Manor Rd, Egerton Rd, Tunlaw Rd, Wilhelm St, Peerless Ave | $709 |
Petrolia Ave, Melbourne Rd, Ethelbert Ave, Chandler Ave, Glade Ct, Fillmore St, E 34th St, Marlow Rd, Evergreen Ave, Beale Ct | $655 |
Lawnview Ave, Belle Ave, W Hoffman St, S Arlington Ave, Comet St, Saint Benedict St, Springdale Ave, Gregor Way, E 36th St, Pelham Ave | $676 |
Edgevale Rd, Menlo Dr, Gelston Dr, Kingston Rd, Abbott St, Rueckert Ave, Eldorado Ave, Hicks Ave, S Madeira St, S Franklintown Rd | $669 |
Place | Savings For Senior Occupied Homes |
---|---|
Baltimore | $100 to $103 |
Baltimore Highlands | $103 |
Lansdowne | $101 |
Arbutus | $104 |
Home Value ($) | Deductible ($) | Construction Type | Age of Home (Years) | Company | Premium ($) |
---|---|---|---|---|---|
240,000 | 500 | Frame | 35 | Aig Property Casualty Co. | 1,059 |
380,000 | 1,000 | Frame | 10 | Brethren Mutual Insurance Co. | 871 |
330,000 | 1,000 | Masonry | 15 | Cumberland Mutual Fire Insurance Co. | 843 |
240,000 | 500 | Frame | 35 | Donegal Mutual Insurance Co. | 1,154 |
330,000 | 1,000 | Masonry | 15 | Farmers Insurance Exchange | 855 |
240,000 | 500 | Frame | 35 | Frederick Mutual Insurance Co. | 1,031 |
280,000 | 500 | Frame | 25 | Horace Mann Insurance Co. | 1,194 |
330,000 | 1,000 | Masonry | 15 | Standard Guaranty Insurance Co. | 2,917 |
280,000 | 500 | Frame | 25 | Stillwater P & C Insurance Co. | 1,385 |
240,000 | 500 | Frame | 35 | Universal North America Insurance Co. | 1,082 |
Low Deductible | High Deductible | |
---|---|---|
Deductible | $1,600 | $2,600 |
Yearly Baltimore Homeowner Insurance Premium Example | $1,000 | $800 |
Out of Pocket Expense During Claim | $1,600 | $2,600 |
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,600 | $9,000 |
Net Savings to Baltimore Home Owner from High Deductible Plan | $600 |
Scenario | Baltimore, MD Home Replacement Value MORE than Home Value | Baltimore, MD Home Replacement Value LESS than Home Value |
---|---|---|
Replacement Value | $231,500 | $154,500 |
Insurance Premium based on Replacement Value | $1,075 | $700 |
Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $25,000 | Risk Exposure from Under Insuring Coverage is $52,000 |
Premium Impact | Insurance cheaper by $250/year | Insurance costlier by $125/year |
Insurance Company | Liberty Mutual | GEICO Insurance | Chubb Group of Insurance |
Monthly Premium | 32 | 66 | 50 |
Year Built | 1957 | 1969 | 1943 |
Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 3 Baths |
Coverage Amount | $75000-$100000 | $250000-$300000 | $125000-$150000 |
Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $500 Deductible |