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Best Renters Insurance in Baltimore, MD

Aug. 15, 2019, 8:17 p.m.

Renters insurance is a necessity unless you have enough saved to replace your belongings in a pinch. If you don’t have renters insurance already, now’s the best time to get it. Our partners at Consumer Affairs researched the best renters insurance in Baltimore to help you get lower rates and better coverage.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. WMAR 2 News may receive compensation from our partners. Learn more.

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Policygenius

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Policygenius
Policygenius
Features
  • Best rates all in one place
  • Helped over 4.5 million customers
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  • Available in Baltimore
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Location
Serves residents in
Baltimore, MD
(855) 695-2255
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EverQuote
EverQuote
Features
  • Insurers for your needs & budget
  • Largest online marketplace
  • Fast, free quote comparison
  • Available in Baltimore
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Location
Serves residents in
Baltimore, MD
(855) 522-3444
Farmers Insurance: Charles Connolly
Farmers Insurance: Charles Connolly
Features
  • M-F: 8:30am - 5:30pm
  • Closed Sat and Sun
  • agents.farmers.com/md/baltimore/charles-connolly
Location
6719 York Rd.
Baltimore, MD 21212
(443) 863-7733
Nationwide Insurance: Robert F. Stastny
Nationwide Insurance: Robert F. Stastny
Features
  • M-F: 9am - 5pm
  • Sat: 9am - 12pm
  • Closed Sun
  • agency.nationwide.com/robert-f-stastny-in-baltimore-md
Location
6822 Harford Rd.
Baltimore, MD 21234
(410) 849-6324
Erie Insurance: Leitner Insurance Group
Erie Insurance: Leitner Insurance Group
Features
  • M-Th: 9am - 5pm
  • F: 8:30am - 4:30pm
  • Closed Sat and Sun
  • erieinsurance.com/agencies/bb1148
Location
2100 Merritt Ave.
Baltimore, MD 21222
(410) 285-3743
State Farm Insurance: David Rosario
State Farm Insurance: David Rosario
Features
  • M-F: 9am - 5pm
  • Sat: 10am - 2pm
  • Closed Sun
  • davidrosario.net
Location
3121 Eastern Ave.
Baltimore, MD 21224
(410) 850-4949
GEICO Insurance: Tom White
GEICO Insurance: Tom White
Features
  • M-F: 9am - 7pm
  • Sat: 10am - 5pm
  • Closed Sun
  • geico.com/insurance-agents/maryland/baltimore/tom-white
Location
7915 Belair Rd.
Baltimore, MD 21236
(410) 882-8200
Allstate: Jeff Shi
Allstate: Jeff Shi
Features
  • M-F: 8:30am - 5pm
  • Sat: By appointment
  • Closed Sun
  • agents.allstate.com/jeff-shi-baltimore-md.html
Location
4711 1/2 Harford Rd.
Baltimore, MD 21214
(410) 823-3515
Goad Insurance Agency
Goad Insurance Agency
Features
  • M-F: 9am - 6pm
  • Sat: 9am - 1pm
  • Closed Sun
  • goadinsurance.com/personal-insurance/renters-insurance
Location
3229 Erdman Ave.
Baltimore, MD 21213
(410) 558-0396

How to choose rental insurance in Baltimore

skyline

Renters insurance is always a good idea, especially in Baltimore. Residential burglaries may have decreased in the past year, but our burglary rate is still more than twice the state and national averages. You can check the crime in your neighborhood with the Open Baltimore crime map.

Burglaries aren’t the only reason for renters insurance. Baltimore also ranks No. 28 in the Hartford Home Fire Index, a list of the 100 U.S. cities with the highest home fire risk.

What does renters insurance cover in Baltimore?

Most renters insurance policies have pretty broad coverage, including events such as:

  • Fire
  • Theft
  • Vandalism
  • Water damage (but not floods)
  • Lightning
  • Wind
  • Hail
  • Explosions
  • Riots
  • Malicious mischief
  • Smoke damage
  • Volcanic eruptions
  • Falling objects

Renters insurance doesn’t just cover what’s in your home. If your bike is stolen while locked up in front of a lecture hall, if your storage unit is burglarized or if you get pickpocketed while traveling, renters insurance has you covered.

Renters insurance also covers personal liability if someone is injured or their property is damaged and you’re found responsible. Some renters insurance policies even cover living expenses if your home becomes uninhabitable.

It’s worth noting that renters insurance doesn’t cover certain natural disasters like floods or earthquakes or damage from pests like bedbugs. If you want coverage from these events, seek out extended coverage or another policy.

How much does renters insurance cost in Baltimore?

Whether you’re a Towson college student living without much to your name or a retiree living in Fell’s Point with a lifetime’s worth of valuables, chances are there’s a policy with the coverage you want at a price you can afford.

On average, the cost of renters insurance in Maryland is $15 to $30 per month. The cost varies by multiple factors including:

  • Amount of coverage: the more coverage you need, the higher your payment
  • Type of coverage: actual cash value (with depreciation) or replacement cost (to buy new)
  • Deductible: a low deductible means a higher premium and vice versa
  • Credit score: the higher your credit score, the less you pay
  • Size of rental space: smaller units cost less to insure
  • Location: it costs a little more if you live in an urban area than if you live in a suburban area
  • Security: good security measures can earn discounts
  • Fire prevention: sprinklers and fire alarms can also earn you discounts

How to save money on renters insurance in Baltimore Talk to your insurance agent about how you can reduce your premium. Bundling with your car, health or life insurance is a great way to save. Sometimes earning a discount is as simple as installing deadbolt locks and buying a fire extinguisher.

There are many ways to save, but skimping on coverage isn’t one of them. A $5,000 policy likely won’t replace all of your belongings, which is why it’s important to know the value of your possessions.

Most online insurance marketplaces and insurance providers offer free inventory calculators online to help you determine the right amount of coverage. You don’t have to include everything, but if you can’t afford to replace it, cover it.

Policygenius

Policygenius

Want help figuring out how much coverage you need, finding the best deal and understanding just what is and isn’t covered? Policygenius makes it easy to collect and review multiple quotes at once and explains things in simple terms. The website is simple to navigate, and it has a secure payment porthole with optional text reminders. Customers in Baltimore say Policygenius’s efficiency is tough to beat.

EverQuote

EverQuote

This online insurance marketplace takes the work out of collecting quotes. EverQuote saves you time and hassle by collecting and comparing multiple quotes on your behalf. The only downside is that they provide your contact information to insurance companies in the process. Still, more than 80 percent of customers who used their service rate their experience with EverQuote as positive.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.