Maryland Home Insurance Estimator โ Updated 2026
State abbreviation: MD
Homeowners insurance in Maryland averages $1,440/year, depending on home value, location (wildfire/flood zones), age, and coverage limits. For a home valued at $415,000, you should budget 0.35% of its value annually for insurance. Insurance costs here are above the national average.
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Maryland Financial Data (2026)
- State Tax Rate
- 5.75%
- Property Tax Rate
- 1.09%
- Median Home Price
- $415,000
- Avg Insurance Cost
- $1,440/year
- Cost of Living Index
- 113
- State Abbreviation
- MD