Best Renters Insurance in Maryland (2024)

Lemonade offers generous personal property and liability protection. Unlike traditional insurance companies, Lemonade allows you to sign up for a policy without an insurance agent. It provides endorsements for water damage and valuables such as your bicycle. You can conveniently access Lemonade’s features online or on its mobile app.

Here are additional endorsements you can add to a Lemonade plan:

• Additional coverage for jewelry, fine art, and more
• Appliance equipment breakdown
• Coverage for landlord property damage
• Coverage for your significant other
• Water backup protection

Lemonade offers the following discounts:

• Annual premium discount: Selecting an annual premium lowers your renters insurance rate.
• Bundling discount: You can lower your renters insurance premium by adding auto, pet, or term life insurance.
• Fire and burglar alarm discount: This discount is available if your home has fire and burglar alarms installed.

State Farm provides customizable coverage for your personal belongings. For example, you can select the total coverage limit for valuables such as jewelry and personal business property. In addition, State Farm includes valuables coverage within standard plans, unlike most renters insurance providers.

State Farm provides the following endorsements:

• Backup or sewer drain endorsement
• Cyber event, identity restoration, and fraud loss endorsement
• Earthquake endorsement
• Flood insurance endorsement

Check out State Farm’s policy discounts:

• Bundling discount: You are eligible for this discount if you purchase an auto policy with your renters insurance policy.
• Claim record discount: This discount is available if you haven’t filed a claim with a previous provider within five years.
• Home alert protection discount: You can lower your insurance rates if your home has installed smoke detectors and burglar and fire alarms.

Liberty Mutual offers solid renters insurance coverage to Maryland residents. It provides nine deductibles ranging from $250 to $7,500 per claim. Liberty Mutual offers up to $1,000,000 in personal liability coverage. Note that Liberty Mutual doesn’t offer water damage as a covered loss within its standard plan.

Liberty Mutual offers the following endorsements:

• Blanket jewelry coverage
• Earthquake coverage
• Portable electronics coverage

Liberty Mutual offers the following insurance discounts:

• Claims-free discount: You are eligible for this discount if you haven’t filed a claim with a previous provider in the past five years.
• Early shopper discount: You are eligible for this discount if you purchase a Liberty Mutual policy before your current policy ends.
• Multi-policy discount: This discount is available when you bundle your renters insurance with additional policies, such as auto insurance.
• Online sign-up discount: Save 10% off a policy when you sign up online.
• Preferred payment discount: You are eligible for this discount when you enroll in an automatic payment plan.

Allstate is another reputable choice for Maryland renters. Allstate provides basic, standard, and enhanced policies, each with varying levels of coverage. Allstate also offers a tropical cyclone deductible, which covers tropical storm damage after you pay the deductible.

The only endorsement available online is identity theft restoration. Here are the additional endorsements you can add to an Allstate plan when you speak with an agent:

• Flood insurance endorsement
• Personal umbrella policy
• Scheduled personal property endorsement

Allstate also provides the following discounts:

• 55 and retired discount: Renters who are 55 and older are eligible for this discount.
• Easy Pay Plan: You can save when you enroll in an automatic payment plan.
• Multi-policy discount: This discount is available when you pair your renters insurance with a car insurance policy.

Farmers renters insurance offers comprehensive loss of use coverage of up to 100% for 24 months. You can also customize the coverage you need for personal property, liability, and medical payments to others. Farmers offers six deductible options ranging from $100 to $2,500 per claim.

The only endorsement available online is Identity Shield protection. Here are the additional endorsements you can add to your Farmers policy when you speak with an agent:

• Earthquake endorsement
• Flood insurance endorsement
• Jewelry, fur, and firearms coverage

Here is a list of Farmer’s policy discounts:

• Claim-free discount: You are eligible for this discount if you haven’t reported a property loss within the last three years.
• Multiple policy discount: You can save when you bundle your renters insurance policy with a life or auto insurance policy.
• Security system discount: You’re eligible for this discount if your home has installed fire alarms or security systems.
• Smoke-free discount: This discount is for households that have been smoke-free for two years.
• Welcome discount: You are eligible for this discount if you’re a new Farmers customer.