"Maryland homeowners pay some of the lowest insurance costs in the Mid-Atlantic, even as insurance premiums rise nationally. While storm-prone Gulf Coast states face affordability crises, new data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report show that Maryland homeowners are largely insulated from the steepest price hikes."
"According to newly released American Community Survey (ACS) data from the U.S. Census Bureau, Maryland homeowners with a mortgage typically pay $1,000-$1,499 annually for homeowners insurance, while those without a mortgage average the same $1,000-$1,499. Overall statewide costs also fall into the $1,000-$1,499 range. And yet, while still on the low side of things, a report from the Consumer Federation of America (CFA), titled "Overburdened: The Dramatic Increase in Homeowners Insurance Premiums and Its Impacts on American Homeowners," revealed that premiums rose in Maryland by an average of 25% from 2021 to 2024."
"Maryland has 1,628,167 insured homeowner households in total-1,139,840 with a mortgage and 488,327 without. Among mortgaged owners, 104,225 pay less than $100 annually and 72,248 pay $4,000 or more. Among those without a mortgage, 74,300 pay less than $100 and 23,904 pay $4,000 or more."
U.S. Census Bureau American Community Survey data show Maryland homeowners with and without mortgages typically pay $1,000–$1,499 annually for homeowners insurance, and statewide costs fall in the same range. Realtor.com® 2025 Climate Risk Report data indicate Maryland is largely insulated from the steepest climate-driven price hikes that affect other regions. The Consumer Federation of America reports that premiums in Maryland rose an average of 25% from 2021 to 2024. Maryland has 1,628,167 insured homeowner households, with detailed counts of low- and high-premium payers among mortgaged and non-mortgaged owners.
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