Updated: November 21, 2024
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For men and women in Maryland seeking life insurance, Nationwide is the leading provider, with a MoneyGeek score of 97 for men and 96 for women. Its policies cost $13 per month for both genders.
Selecting the right life insurance entails weighing various factors, including costs, coverage, stability and your unique needs.
BestLife InsuranceMarylandBest Life Insurance Companies in Maryland
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Maryland.
Coverage costs and company information for life insurance providers were updated in May 2024.
| Nationwide | 1 | 97 |
| GEICO | 2 | 96 |
| Protective | 3 | 96 |
| Mutual of Omaha | 4 | 95 |
| Transamerica | 5 | 93 |
| State Farm | 6 | 93 |
| Haven | 7 | 92 |
| AAA | 8 | 91 |
| Prudential | 9 | 91 |
| Allstate | 10 | 90 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies in Maryland:
Nationwide is the best life insurance provider in Maryland for men and women, with a MoneyGeek score of 97 and 96 for men and women, respectively, and a monthly premium of $13 for both.
The top 3 highest MoneyGeek scores are:
Nationwide is the top choice for the best life insurance in Maryland for men, with a MoneyGeek score of 97 and a monthly premium of $13.
Pros:
Nationwide is the top choice for Maryland women seeking the best life insurance, with a MoneyGeek score of 96 and a monthly premium of $13.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Maryland:
Quotes gathered were for a $250,000 life insurance policy with a 10-year term.
Nationwide offers the best term life insurance in Maryland for women, with a MoneyGeek score of 97 and a monthly premium of $10. For men, Mutual of Omaha leads with a MoneyGeek score of 97 and a monthly premium of $9. These providers exemplify financial security and satisfaction, standing out with competitive rates.
The top three MoneyGeek scores are:
Nationwide is the superior choice for the best term life insurance in Maryland for men and women, with a MoneyGeek score of 97 and a monthly premium of $10 for women and $12 for men.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies in Maryland:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies.
State Farm is the best provider of the best whole life insurance in Maryland, with a MoneyGeek score of 99 for men and women.
The top three highest MoneyGeek scores are:
State Farm, with a MoneyGeek score of 99, is the premier choice for the best whole life insurance in Maryland for men and women.
Pros:
Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies in Maryland:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies.
Nationwide stands out as the company with the best universal life insurance in Maryland for men and women, with a MoneyGeek score of 99.
The top performers are:
Nationwide is the preeminent choice for the best universal life insurance in Maryland for men and women, with a MoneyGeek score of 99.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best no-medical-exam life insurance companies in Maryland:
We did not weigh affordability as we did not collect quotes for no-medical-exam life insurance. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams.
Nationwide is the preeminent provider of the best no-medical-exam life insurance in Maryland for men and women, with a MoneyGeek score of 99.
The top three highest MoneyGeek scores are:
Nationwide is the top-tier provider for no-medical-exam life insurance in Maryland for men and women, with a MoneyGeek score of 99.
Pros:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors in Maryland:
We applied the same weightings as the term life insurance category, but the profile for the quote was adjusted to a 70-year-old.
Nationwide is the top provider of the best term life insurance for seniors in Maryland, with a MoneyGeek Score of 98 for men and women. The monthly premium for men is $45, while for women, it's approximately $39.
Nationwide's exceptional satisfaction and process scores largely contribute to its leadership position, indicating strong customer approval and service efficiency.
| Nationwide | 1 | $45 | 98 |
| Mutual of Omaha | 2 | $40 | 97 |
| GEICO | 3 | $43 | 96 |
| Protective | 4 | $41 | 95 |
| Prudential | 5 | $45 | 94 |
| Transamerica | 6 | $44 | 93 |
| AAA | 7 | $51 | 93 |
| State Farm | 8 | $82 | 93 |
| Allstate | 9 | $52 | 92 |
| Haven | 10 | $73 | 89 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Maryland for people who smoke:
The same weightings were applied as the term life insurance category, but we adjusted the persona for the quote to reflect an active smoker.
Mutual of Omaha is the standout provider for the best term life insurance for smokers in Maryland, with a MoneyGeek score of 97 for men and 96 for women. For men, the monthly premium is $39, while women can expect to pay $35 each month. Mutual of Omaha shines due to its high customer satisfaction and affordability.
| Mutual of Omaha | 1 | $39 | 97 |
| GEICO | 2 | $39 | 96 |
| Nationwide | 3 | $52 | 95 |
| Prudential | 4 | $40 | 95 |
| Allstate | 5 | $38 | 94 |
| Transamerica | 6 | $39 | 94 |
| State Farm | 7 | $60 | 93 |
| AAA | 8 | $46 | 93 |
| Protective | 9 | $62 | 90 |
| Haven | 10 | $69 | 89 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies in Maryland for young adults:
We applied the same weightings as the term life insurance category; however, the persona for the quote is a 20-year-old.
Nationwide is the top provider of the best term life insurance for young adults in Maryland for men and women. With MoneyGeek scores of 98 for men and women, Nationwide's term life policies monthly costs are $7 for men and $6 for women. This company provides a balanced mix of affordability, customer satisfaction and financial stability, ensuring reliable and cost-effective insurance solutions.
| Nationwide | 1 | $7 | 98 |
| Mutual of Omaha | 2 | $6 | 97 |
| GEICO | 3 | $5 | 96 |
| State Farm | 4 | $13 | 96 |
| Protective | 5 | $5 | 96 |
| AAA | 6 | $7 | 95 |
| Haven | 7 | $7 | 94 |
| Prudential | 8 | $9 | 94 |
| Transamerica | 9 | $6 | 94 |
| Allstate | 10 | $9 | 93 |
| Bestow | 11 | $27 | 89 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies in Maryland:
We applied the same weightings as the term life insurance category; however, the quote was adjusted to reflect a 10-year term with minimum coverage.
Mutual of Omaha is the top provider of the best cheap term life insurance in Maryland, with a MoneyGeek score of 98 for men and 97 for women and monthly premiums of $9 and $8, respectively. The company has earned the highest commendation for providing affordable and reliable term life insurance coverage.
| Mutual of Omaha | $9 | 98 |
| Nationwide | $12 | 96 |
| GEICO | $9 | 96 |
| Protective | $9 | 96 |
| Transamerica | $10 | 95 |
| AAA | $12 | 94 |
| Allstate | $14 | 91 |
| Prudential | $13 | 91 |
| Haven | $13 | 91 |
| State Farm | $21 | 89 |
The average monthly premium for life insurance in Maryland is $42 for women and $52 for men. When purchasing life insurance, factors such as age, health, smoking status, coverage amount and term length play a pivotal role in determining premiums. Understanding the average cost of life insurance empowers you to choose the right policy that aligns with your financial goals and provides the necessary protection.
The top-tier life insurance in Maryland for men comes from Nationwide.
The cost of life insurance in Maryland for men can vary based on age, health condition and coverage amount. GEICO leads with the best life insurance, offering an average monthly premium of $13.
Nationwide is ranked as the best life insurance provider for women in Maryland.
The cost of life insurance for women in Maryland can vary due to factors such as age, health and the level of coverage. Nationwide offers a competitive monthly premium at an average of $13 for the top-rated policy in Maryland.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.
