Who Has The Cheapest Renters Insurance Quotes in Maryland?

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To show how renters insurance rates in Maryland can vary, we evaluated quotes for a sample property (a rental unit measuring roughly 1,000 square feet and liability coverage of $100,000). The results showed that the most expensive renters insurance rates were 38% higher than the cheapest. Since we used one sample property, the rates have comparative value; Marylanders' actual quotes will depend on their own rented apartment or house, and their backgrounds. Enter your zip code to find quotes from a list of renters insurance companies.

Cheapest Renters Insurance in Maryland

To find the cheapest renters insurance in Maryland, we gathered quotes from State Farm, Allstate, Farmers, Liberty Mutual, and Nationwide. For our sample renters policy for a home of 1,000 square-feet, the most inexpensive renters insurance in Maryland was State Farm with an annual rate of about $188. State Farm’s annual rate was about 32% below the average annual rate for the state. Here are the annual rates for the five major companies, ranked from cheapest to most expensive:

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 State Farm $188
2 Allstate 198
3 Farmers 285
4 Liberty Mutual 328
5 Nationwide 374
Average 275

These rates were obtained for a sample property. To find the best rates for yourself, find quotes from multiple insurance companies and compare them.

Best Renters Insurance Rates in Maryland: by City

The five cheapest places for renters insurance in Maryland are all just outside the Baltimore and Washington D.C. areas - none are in the western part of the state. Suburban areas and smaller municipalities outside of larger cities often have the cheapest rates in the U.S. The place with the cheapest renters insurance quotes was Takoma Park, where rates were 16% lower than the state average.

RankCityAverage Annual Rate% Difference vs State Average
1 Takoma Park $232 -16%
2 Gaithersburg 236 -14%
3 Rockville 236 -14%
4 Westminster 247 -10%
5 Frederick 249 -9%

*The Average Annual Rate has been rounded to the nearest whole dollar amount.

Takoma Park, MD

Takoma Park was founded in 1883 by Benjamin Franklin Gilbert, an American real estate mogul who intended for it to be a commuter city for Baltimore and Washington D.C. along the Metropolitan Branch of Baltimore and Ohio railroad. Takoma Park is also known as "Azalea City", as many of its early residents were horticulturists; notable among them was B.Y. Morrison, who was instrumental in calling the community Azalea City. Many parts of it are preserved as a historic district. Takoma Park has the cheapest renters insurance rates in Maryland, where the cost to insure our study’s sample property is 16% lower than the state average.

Gaithersburg, MD

In the heart of Montgomery County, Gaithersburg is one of the larger cities in Maryland, with 67,000 residents. The city began primarily as an agricultural center and has since become a major suburban area of Washington D.C. with multiple tech companies. Gaithersburg ranks with the second best renters insurance rates in Gaithersburg - our sample property here costs 14% less to insure than the average for the state. 

Rockville, MD

Rockville was established in 1717. While the community was unincorporated, it was known by a number of different names, including Hungerford's Tavern, Owen's Ordinary and Daley's Tavern. The arrival of the Ohio and Baltimore Railroad in 1873 increased Rockville's accessibility from Washington D.C. Tenants in Rockville pay 14% less than the state average, and have the third lowest rental insurance rates in Maryland.

Westminster, MD

Westminster was founded in 1764 and currently is the seat of Carroll County. The city was named after Westminster in London, England and now has more than 18,000 residents who call it home. Premiums for our benchmark unit here are 10% lower than the state average, which places Westminster as the fourth cheapest renters insurance in MD.

Frederick, MD

Frederick is a city with more than 65,000 residents, and its own airport: the Frederick Municipal Airport. It services the public and the U.S. Army’s Fort Detrick, which is the city’s largest employer. To insure the study’s sample rental property in Frederick costs 9% less than the state average. Frederick rounds out our list of the most affordable renters insurance in Maryland.

Most Expensive Renters Insurance in Maryland

The five places with the most expensive renters insurance in Maryland are all located in close proxemity to Washington D.C. - much closer than any of the cheapest places. In fact, all of them are located within the circle of Interstate 495, the highway belt with Washington D.C. at its center. Premiums in the most expensive place, District Heights, are 16% higher than the Maryland average. 

RankCityAverage Annual Rate% Difference vs State Average
1 District Heights $320 16%
2 Mount Rainier 313 14%
3 Cheverly 311 13%
4 Glenarden 309 12%
5 New Carrollton 308 12%

*The Average Annual Rate has been rounded to the nearest whole dollar amount.

District Heights, MD

District Heights has the most expensive renters insurance premiums in Maryland, with rates 16% higher than the state average. The city has less than 6,000 residents but the much larger Washington D.C. is less than 10 miles from it. NaVorro Bowman, a linebacker for the NFL San Francisco 49ers, was born in District Heights. 

Mount Rainier, MD

Mount Rainier developed during the late 19th and early 20th centuries as a result of urban expansion in Washington D.C., which it borders. As one of early streetcar suburbs of the nation’s capitol, Mount Rainier is listed as a historic area. Renters insurance premiums in Mount Rainier are 14% higher than the state average. 

Cheverly, MD

The town of Cheverly was founded by Robert Marshall and named after a British estate in 1918. As another planned suburb, Cheverly has a number of public parks and other recreational activities in the immediate area. Renters insurance rates in Cheverly are 13% higher than the state average.

Glenarden, MD

W. R. Smith established Glenarden as another residential community in the Washington D.C. area in the early 20th century. With more than 6,000 residents, Glenarden has the fourth most expensive renters insurance rates in Maryland, with premiums 12% higher than the state average.

New Carrollton, MD

The city of New Carrollton was established by Albert W. Tuner, who received a charter for it from the Maryland General Assembly in 1953. The area where the city is currently located was originally owned by renowned horse racer, Edward L. Mahoney, until his death in 1957. Residents in New Carrollton have renters insurance rates that are 12% higher than the rest of Maryland.

Average Cost of Renters Insurance Rates in Maryland: by City

We gathered renters insurance quotes from five major carriers for 35 cities across Maryland for our sample rental property to determine a mean rate for the state of $275. The results showed that the most expensive place in Maryland was 38% more expensive than the cheapest. The gap between the cheapest and the most expensive premiums is not a dramatic one. For example, the most expensive city in Delaware is only 7% more expensive that the cheapest, while the difference in the state of Texas is 74%. 

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Maryland. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

RankCityAverage Annual Rate% Difference vs State Average
11 Aberdeen $259 -6%
12 Annapolis 259 -6%
29 Baltimore 301 9%
15 Bel Air 265 -4%
28 Bladensburg 298 8%
30 Bowie 303 10%
7 Brunswick 255 -7%
21 Chesapeake Beach 281 2%
33 Cheverly 311 13%
24 College Park 294 7%
10 Cumberland 257 -7%
35 District Heights 320 16%
17 Easton 268 -3%
18 Elkton 268 -3%
5 Frederick 249 -9%
19 Frostburg 268 -2%
2 Gaithersburg 236 -14%
32 Glenarden 309 12%
26 Greenbelt 294 7%
9 Hampstead 256 -7%
14 Havre de Grace 263 -4%
25 Hyattsville 294 7%
23 La Plata 286 4%
27 Laurel 295 7%
34 Mount Rainier 313 14%
31 New Carrollton 308 12%
20 Ocean City 276 0%
13 Riverdale Park 260 -5%
3 Rockville 236 -14%
16 Salisbury 267 -3%
1 Takoma Park 232 -16%
22 Taney 284 3%
6 Thurmont 253 -8%
8 Walkersville 256 -7%
4 Westminster 247 -10%

*The Average Annual Rate has been rounded to the nearest whole dollar amount.

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