Who Has the Cheapest Homeowners Insurance in Maryland?

While Maryland is the 20th cheapest state for homeowners insurance in the US, there are a handful of areas which are more expensive than others in the state. ValuePenguin conducted a recent analysis on these rates in Maryland to help determine which cities had the most affordable rates (and which were the most expensive)! Overall, the average rate in the state (assuming $100,000 in liability coverage) was $1,236 with the most expensive city costing $1,766 and the cheapest costing $649.
Most Expensive Cities in Maryland for Homeowners Insurance

Looking at the 5 most expensive cities in Maryland for home insurance, you'll notice that they are all (with the exception of Rockville) coastal cities that touch the Atlantic Ocean or Chesapeake Bay. Because of this these towns are more exposed to large storms and even hurricanes that work their way up the eastern seaboard bringing with them damaging wind and rain.

Rank	City	County	Average Rate	% Increase vs. MD Avg
1	Ocean City	Worcester	$1,766	43%
2	Rockville	Montgomery	$1,713	39%
3	Centreville	Queen Anne's	$1,632	32%
4	Prince Frederick	Calvert	$1,613	31%
5	Easton	Talbot	$1,609	30%

More