PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How much is renters insurance in Maryland?
My spouse and I just moved to the Fells Point area in Baltimore. How much should we expect to pay for renters insurance in Maryland?
Rachel Rigolino · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Fells Point is a great neighborhood! The average renters insurance rate in
Maryland
is around $190 a year, but you’ll pay closer to $217 annually in the city of Baltimore. This is because cities typically have higher burglary rates than more rural areas. However, renters insurance is well worth the $18 a month you’ll be paying.When building a renters insurance policy, there are a couple of things to keep in mind.
Consider how large a deductible you can tolerate and whether you want to pay a bit more for replacement cash value (RCV) coverage. Policies with lower deductibles and replacement cash value coverage will cost more, but they provide more protection.
Wirth RCV coverage, you’ll be given enough money to go out to replace an item. Without it, an insurance company will reimburse you only for the item’s depreciated value.
When it comes to your deductible, think about how much you would be willing to pay out-of-pocket should your possessions be stolen or damaged.
Create a video inventory of your possessions and file away receipts electronically. Using your cell phone, walk through your apartment or townhouse, talking about various items. Take photographs as well. Save these files—and any receipts you have—not just locally on your computer, but backed up in the cloud. Then, if you ever need to file a claim, you’ll have records.
Don’t skimp on personal liability coverage. Coverage E of a renters insurance policy will protect you against lawsuits. While no one expects a guest to sue if they’re injured while visiting, it can happen.
Moving to a new state and wondering about insurance rates? For answers to questions about your
car insurance
or renters insurance, contact Jerry’s
friendly agents. 24/7, our agents are just a text or phone call away.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
.webp&w=384&q=75)
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
