Maryland Insurance Requirements & Rates

Maryland requires minimum liability coverage of 30/60/15 (bodily injury per person / per accident / property damage). Maryland is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is required.

Maryland homeowners face risks from hurricanes, flooding, nor'easters, severe thunderstorms. The flood risk level is high and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $2,229.

Maryland requires all motorcycle riders to wear helmets. Lane splitting is not legal. The riding season is april–october.

Yes, workers' compensation insurance is required in Maryland. Sole proprietors and partners may opt out. Maryland has approximately 600,000 small businesses, with top industries including Biotechnology, Cybersecurity, Healthcare.

Yes, Maryland has expanded Medicaid. The state has its own state-based health insurance marketplace at https://www.marylandhealthconnection.gov. The uninsured rate is 5.5%.

Yes, landlords in Maryland can require tenants to carry renters insurance as a condition of the lease. About 34% of Maryland residents are renters, with average monthly rent of $1,490.

With a median household income of $94,991, most Maryland families should consider 10-12x their annual income in life insurance coverage. Currently, 55% of Maryland households have life insurance.