Probably you’ve been wondering how best to insure your properties in Maryland. In this guide, we bring you a list of the best car, homeowners, business and health insurance companies in Maryland.
With the shouts of uncertainties screaming out loud each day and little tendency of one escaping the hurts, it’s not out of place to have others bear the cost of accidents and wrecks.
We base this list on customer reviews, satisfaction rates, company track records as well as the financial strength of each insurance provider.
Therefore, you can count on this list to have the best rewards for your insurance rates and policies.
Without further ado, here are the top insurance companies in Maryland for your pick.
But before that, check our other articles on the best insurance companies in the USA.
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4 Best Business Insurance Companies in Maryland
If you’re running a business whether on a small or large scale, you need business insurance especially in Maryland.
Because businesses come with a lot of risks, most business owners or employees give up when things “Go South”.
However, with business insurances, a lot of damages and risks will be taken care of.
Because of that, we bring you a list of trusted business insurance companies in Maryland with a track record of excellence that will keep your business on track while taking care of all the damages as long as you pay your premiums as and when due.
Just before that, here are some of the reasons why you need insurance for your business;
To protect your company from major risks such as;
- Property damage
- Allegations of injury
- Employees who get hurt on the job
- Accusations of professional negligence
Therefore, if you want to mitigate the risk in your business, consider these insurance companies we have compiled for your Maryland residents.
If you’re an independent contractor, Hiscox is the best insurance company for you.
Basically, they offer customized solutions for over 180 different industries.
That means regardless of what kind of business you do, Hiscox has a provision to offer you coverage.
Progressive is one of the business insurance companies in Maryland that offers insurance policies at low premiums.
With the high rated digital tools, progressive offers insurance quotes, services as well as scheduling online.
Invariably, this means they do not work with agents directly.
Besides that, this insurance provider is one of the business insurance companies that offer discounts for online quotes and purchases in Maryland.
But the sad news is that the 2021 J.D. Power U.S. Insurance Shopping Study quotes that the company is not totally dependable.
In other words, their clients are not satisfied with their services.
Hartford is an insurance company for small-scale business insurance owners in Maryland.
There are varieties of discounts for clients who go for bundling insurance policies.
Also, they have business insurance plans for more than 51 professions.
But on the flip side of this amazing goodness, the not-so-good news about Hartford is that they have a pore online platform.
All business and quotes are obtained in their office in any part of Maryland.
And that’s a whole lot of inconvenience.
#4. United Commercial Insurance
Business owners can now smile because of the insurance plans and policies that United Commercial Insurance offers.
However, their services are limited to cyber insurance, professional liability, business owner policies, workers compensation, general liability, commercial automobile liability and commercial property insurance.
5 Best Car Insurance Companies in Maryland
If you own a drive in Maryland, it is important to have a car insurance policy to protect your finances and to comply with state regulations.
Marjoly, there are 2 best car insurance companies in Maryland: Geico and USAA.
However, State Farm and Progressive are highly ranked in the list of auto insurance companies in Maryland according to Quadrant Information Services.
What makes them the best?
Find out below!!!
Just before we venture into that, here are the factors to consider when choosing a car insurance plan.
These factors determine how much you pay for coverage. They include;
- Marital status
- Driving history
- Make and model of your vehicle
Below are the top auto insurance companies in Maryland.
The number 1 pick on the list of best car insurance companies in Maryland is USAA.
USAA is an insurance company that provides covers ONLY to military, veterans and their immediate family members.
If you’re in this category, you will benefit from USAA’s low average full coverage premium.
Also, customers have the option of upgrading their policies with coverage for roadside assistance, rental reimbursement and accident forgiveness.
Although the company is not an official ranking insurance company with J.D. Power, they consistently earn high customer satisfaction scores.
Also, AM Best rates its financial strength A++ (Superior) whereas Moody and Standard & Poor’s rates it AAA.
If you have a low budget and you seek car coverage, then Geico could be a good choice.
Just like USAA, Geico is known for its low average premiums.
Besides that, they have a wide variety of discounts that might help the insurers save even more.
In addition, Geico operates with highly-rated digital tools for customers who prefer to handle their deals online or via a mobile app.
But the sad news about Geico is that they do not have a customizable insurance policy.
Also, the company offers fewer endorsements than many of its competitors.
#3. State Farm
When you refer to the top best largest car insurance companies in Maryland, USA, you must be referring to State Farm.
State Farm is a good option for customers who prefer handling their coverage in-person.
Also, they have a network of over 19,000 local agents across the country. This makes it easily accessible.
J.D Power scores State Farm excellently for claims satisfaction.
However, the National Association of Insurance Commissioners (NAIC) recorded an above-average number of complaints regarding the company’s overall service.
Here’s another car insurance company in Maryland that stands out because they make the insurance shopping process easy.
Their digital tools and website affords customers an opportunity to compare the prices for several other insurance companies.
Also with it you can use the Name Your Price tool to view a range of coverage options within your budget.
It’s also one of the best car insurance companies in Maryland that has the highest premium.
But on the flip side, they offer numerous discounts that help you save.
#5. ERIE Insurance Auto
Erie is best for high-risk drivers.
Also it has received the highest J.D. Power score for customer satisfaction in the Mid-Atlantic region, among providers reviewed for Maryland.
Although they have excellent customer satisfaction, they lack digital tools which makes their services poor.
4 Best Homeowners Insurance Companies in Maryland
About 67% of Maryland residents own a home.
This means that a large number of the population need homeowners insurance.
To that regard, we bring you a list of homeowners insurance companies in Maryland.
Before that here are some of the reasons why you need a homeowners insurance;
- Fire Outbreak
- Theft and burglary
- Water damage from burst pipes, damaged roofs etc.
So in a bid to secure your home, here is a list of best homeowners insurance companies in Maryland;
Insurance with Allstate vines with optional coverages such as adding yard and garden coverage.
Although Allstate’s insurance rates are slightly higher than the country’s average, they have several discounts that will help you round out your policy.
Also, the discounts can include savings for new homebuyers, claims-free customers and security systems.
#2. American Family
This insurance company in Maryland is popularly known as AmFam.
Peculiar to this firm is the capability to put convenience and personalization at the epicenter of its home insurance offerings.
With AmFam, homeowners can receive a quick insurance quote online.
Also, they can choose to speak with a licensed agent for a more personalized quote.
Besides that, AmFam offers a home insurance calculator, checklist and a personalized coverage assistant.
All these services aim at helping you decide the best coverage for you.
Chubb is one of the best homeowners insurance companies in Maryland that provides standard coverages.
However, they are the most expensive homeowners insurance company.
In addition to amazing customer service, Chubb offers electronic data restoration, lock replacement and tree removal coverage.
Also, we recommend this insurance provider if you have a high-value home.
They are the best for luxury home coverage.
#4. State Farm
For homeowners insurance, State Farm premium is the second-highest on our list and is below Maryland’s average.
Additionally, State Farm does not offer many discounts for home insurance.
USAA is the one of the best insurance companies in Maryland for homeowners who are military personnels or veterans.
If you qualify for this insurance coverage, you are likely to get some of the lowest rates in Maryland.
4 Best Insurance Companies for your Health Coverage in Maryland.
In Maryland, there are many health insurance companies that offer the best services.
Whether you need individual or family health coverage, you’re sure to find a health insurance company in Maryland that suits your budget.
Below is a list of health insurance companies in Maryland;
#1. CareFirst BlueCross BlueShield Maryland
CareFirst BlueCross BlueShield of Maryland is the largest health insurance provider in the Mid-Atlantic region.
Currently, they are serving over 3.3 million members in Maryland, Northern Virginia and Washington D.C.
Basically, the company aims at providing value health benefit services to customers.
Many choose CareFirst because of the 7 times recognition of National Brand Excellence awards from the Blue Cross and Blue Shield Association.
Also, they have excellent customer service, financial strength, membership growth and promotion of the Blue name.
#2. Kaiser Mid-Atlantic
Kaiser Permanente offers her members the opportunity to work with their primary care physician.
This makes it easier for the insurance company to develop a personalized plan focusing on wellness and prevention to aid them achieve their health goals.
Also, Kaiser Permanente offers individual and family coverage for clients.
In addition, they offer services to clients who are self-employed, employed, groups or family, students, recent graduates, or an early retiree.
Humana is one of the best health insurance companies in Maryland with an affordable and flexible health plan.
It has coverage for early retiree, recent college graduate, entrepreneur etc
Also, Humana insurance policies help members lower insurance costs. Estimates say it can reach up to 50%.
SureBridge is one of the insurance companies in Maryland that offers top-notch health insurance plans.
Besides the normal health policies, SureBridge offers supplemental insurance products such as dental and vision plans.
With these plans, customers can help provide an additional layer of protection in the event of accidental injury, catastrophic illness, hospitalization or cancer.
Besides these, here are other health insurance companies you can leverage in Maryland, although they are not the best.
- Alpha Dental
- GMG – CUL
- National General Accident & Health
- Golden Rule Insurance Company
- Independence American Insurance Company
Frequently Asked Questions About Best Insurance Companies in Maryland
What’s the Average cost of car insurance in Maryland?
On average, Maryland drivers pay $1,877 annually for full car insurance.
How much is homeowners insurance in Maryland?
Marylanders pay an average of only $1,124 annually for a homeowners insurance policy with $250,000 in dwelling coverage.
How Do I Know an Insurance Company is Legit?
Before you venture into getting an insurance quote from an insurance provider, it’s best you check out these factors;
- Average premiums
- Financial strength ratings
- Available coverages
- Third-party customer satisfaction scores
- J.D Power ratings
What are the Best Insurance Companies I can Work For In Maryland?
Here are some of the best insurance companies in Maryland you can work for as a staff or an agent;
- Legal & General America
- All Risks
- District Photo
- Claims Administration
- Maryland Automobile Insurance Fund
- United Book Press
- Brethren Mutual Insurance Co.
- The Baltimore Life Companies
- Print 1 Printing & Copying
- Acacia Life Insurance Company
- Corporate Press
- Harford Mutual Insurance Co
- PSA Insurance & Financial Services
- Maury Donnelly & Parr
- Georgetown Insurance
- Rosenkilde & Associates
- Group Benefit Services