Maryland Renters Insurance 

Renters insurance in Maryland can cost as little as $14.50 a month (or $175 per year) for around $30,000¹ in coverage, according to 2021 data (the most recent available) from the National Association of Insurance Commissioners (NAIC). That’s about the same as what homeowners nationwide paid — an average of $1,569 per year for coverage, the NAIC report shows. Keep in mind that insurance premiums in most states have changed since then. Also, your cost may be different, depending on things like how much personal property you want to cover, what deductible you choose and risks specific to your location.

When you bundle renters and auto policies with Farmers^®, you could save up to 2% on your auto policy and up to 25% on renters. You can bundle your policies online or ask your Farmers agent for details.

Typically, renters insurance policies in Maryland can provide coverage against damage to or loss of personal belongings if caused by events such as:

• Fire 
• Vandalism and theft 
• Lightning strikes 
• Wind 
• Hail 
• Explosions 
• Falling objects 
• The weight of snow or ice 

Flooding — a common risk in Maryland — is not typically covered, but special flood insurance through the National Flood Insurance Program (NFIP) may be available for renters.

No state laws require you to have renters insurance in Maryland. However, landlords may require you to have a renters policy as part of a lease agreement. It may help pay for another person’s medical bills or repairs to their property if you’re found legally responsible for their injuries or property damage. Renters liability coverage may also help cover your legal expenses if you’re sued over an incident that occurs in the place you’re renting. Keep in mind that your landlord’s insurance should provide coverage for the building itself, but this likely does not include your personal belongings.