Homeowner’s insurance does not have a standard policy price for residents of Maryland. Of course, a 60-year-old in a Potomac mansion will pay a different monthly premium than a college student who owns a two-bedroom home in College Park.
According to Bankrate, Maryland residents can get a pretty good deal when it comes to homeowners insurance rates. The average cost of homeowners insurance in Maryland is around $1,140 per year. The national average for homeowners insurance is $1,477 in comparison. How much you pay on homeowners insurance depends on your coverage limits, your insurer, your claims history, your property, and your deductible.