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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.

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