Updated: November 21, 2024
Advertising & Editorial Disclosure
Protective is Baltimore, Maryland's best life insurance provider, with a MoneyGeek score of 92 for men and women. The average monthly premiums are $13 for males and $12 for females. These scores and costs are based on a 20-year term policy with $500,000 coverage.
When deciding on life insurance, consider your age, health and coverage needs. Your unique situation may mean a different company is best for you.
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 Baltimore, Maryland.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceBaltimore, MDBest Life Insurance Companies in Baltimore
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Protective offers the best life insurance in Baltimore, with a MoneyGeek score of 92 and average monthly premiums of $13 for men and $12 for women.
Top providers for men:
Top providers for women:
Protective's high MoneyGeek score and competitive monthly premiums make it a reliable option for life insurance.
Protective is Baltimore's best life insurance provider, with a MoneyGeek score of 92 and monthly premiums of $13 for men and $12 for women. The insurer performs strongly across key metrics, making it a leading choice for quality coverage.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
Protective has the best term life insurance in Baltimore, with a MoneyGeek score of 92 and an average monthly premium of $7 for men and women. Its affordability, high customer satisfaction and financial stability make it a solid choice.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance offers financial protection for a specific period, benefiting those who need coverage to secure a mortgage or provide for their family in case of an untimely death.
In Baltimore, Protective is the best term life insurance provider, earning a MoneyGeek score of 92 for men and women. It balances cost and quality coverage with a low monthly premium of $7 for both genders.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
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 based on a 20-year term at $500K coverage.
Protective is the best whole life insurance provider in Baltimore, with a MoneyGeek score of 92 for men and women. This score reflects the company's strong affordability, customer satisfaction and financial stability.
Whole life insurance is a permanent policy that offers a death benefit alongside a cash value component, which can grow over time. Unlike term life insurance, which covers you for a specific period, whole life insurance remains in effect for your entire life as long as you pay your premiums. This benefits those who want to ensure their loved ones are financially secure no matter when they pass away.
In Baltimore, Protective is the leading provider of whole life insurance, earning a MoneyGeek score of 92 for men and women. Its exceptional quality service and value ensure policyholders receive quality coverage without financial strain.
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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:
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, over a 10-year term for $250K coverage.
Protective has Baltimore's best universal life insurance, with a MoneyGeek score of 91 for men and women. The company's high score indicates a strong balance of customer satisfaction and financial stability.
Universal life insurance offers a flexible premium and death benefit, which can appeal to those who want to adjust their coverage as their life circumstances change. Someone might choose it over term life insurance if they want a policy that can contribute to their long-term financial goals while providing life insurance coverage.
Protective is Baltimore's leading universal life insurance provider. With a MoneyGeek score of 91 for men and women, it stands out for its affordability, customer satisfaction and financial stability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
Protective offers the best life insurance in Baltimore without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects a strong balance of affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam allows prospective policyholders to get coverage quickly without needing a health checkup. Someone with a busy schedule or fearing medical tests might choose this insurance over traditional policies for its convenience and ease of application.
In Baltimore, Protective is the top choice for life insurance without the hassle of a medical examination. Its MoneyGeek score of 91 for men and women reflects its good balance of customer satisfaction and affordability.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
Protective offers the best term life insurance for seniors in Baltimore, with a MoneyGeek score of 92 and an average monthly premium of $30 for men and women.
Age impacts life insurance premiums, as insurers consider the increased health risks of old age. Protective stands out with its strong performance in affordability, customer satisfaction and financial stability, making it a reliable option for seniors.
| 1 | Protective | $30 | 92 |
| 2 | Mutual of Omaha | $30 | 92 |
| 3 | Nationwide | $34 | 90 |
| 4 | AAA | $38 | 88 |
| 5 | Transamerica | $33 | 88 |
| 6 | Allstate | $39 | 87 |
| 7 | Prudential | $34 | 87 |
| 8 | State Farm | $61 | 84 |
| 9 | Haven | $55 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
Mutual of Omaha provides the best term life insurance for smokers in Baltimore, with MoneyGeek scores of 92 for men and 90 for women. The average monthly premium is $29 for both genders.
Smoking raises premiums because of the higher health risks linked to tobacco use. Insurers charge smokers more to offset these risks. Mutual of Omaha’s top scores for affordability, customer satisfaction and financial stability make it the top choice for smokers.
| 1 | Mutual of Omaha | $29 | 92 |
| 2 | Allstate | $29 | 89 |
| 3 | AAA | $35 | 88 |
| 4 | Transamerica | $29 | 88 |
| 5 | Nationwide | $39 | 88 |
| 6 | Prudential | $30 | 87 |
| 7 | Protective | $47 | 87 |
| 8 | State Farm | $44 | 85 |
| 9 | Haven | $51 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
Protective offers the best term life insurance for young adults in Baltimore, with a MoneyGeek score of 92 and an average monthly premium of $4 for men and women.
Age significantly affects premiums because younger adults typically have lower health risks. Protective's high MoneyGeek score is due to its strong customer satisfaction, affordability and financial stability.
| 1 | Protective | $4 | 92 |
| 2 | Mutual of Omaha | $4 | 92 |
| 3 | Nationwide | $5 | 90 |
| 4 | AAA | $5 | 89 |
| 5 | Transamerica | $5 | 88 |
| 6 | Allstate | $7 | 88 |
| 7 | State Farm | $10 | 87 |
| 8 | Prudential | $7 | 86 |
| 9 | Haven | $6 | 86 |
| 10 | Bestow | $20 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
In Baltimore, Protective offers the best cheap term life insurance, with a MoneyGeek score of 92 and average monthly premiums of $7 for men and $6 for women.
Factors like age, health, coverage amount and term length influence premiums. To get the lowest rates, maintain a healthy lifestyle, choose a shorter term length and opt for lower coverage amounts.
| 1 | Protective | $7 | 92 |
| 2 | Mutual of Omaha | $7 | 92 |
| 3 | Nationwide | $9 | 90 |
| 4 | Transamerica | $8 | 89 |
| 5 | AAA | $9 | 89 |
| 6 | Allstate | $11 | 86 |
| 7 | Prudential | $10 | 86 |
| 8 | Haven | $10 | 85 |
| 9 | State Farm | $15 | 82 |
The average monthly premiums for term life insurance in Baltimore are $14 for men and $13 for women. Premiums vary based on age, health, lifestyle, coverage amount and term length.
Local conditions, such as health statistics, crime rates, economic factors and insurer competition, can make life insurance costs in Baltimore higher or lower than in other parts of Maryland. Considering these factors helps you choose the coverage that fits your needs.
Protective has the best life insurance for men in Baltimore, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for men in Baltimore, offered by Protective, is $13.
Protective is the top choice for life insurance for women in Baltimore, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in Baltimore, provided by Protective, is $12.
Life insurance in Baltimore may differ from the rest of Maryland due to unique factors like premiums and coverage options. Baltimore residents might see different rates and policy benefits based on urban living.
If a life insurance company in Baltimore goes bankrupt, state guaranty associations ensure that claims are paid up to certain limits, providing a safety net for policyholders.
Baltimore residents might need life insurance to provide financial security for their families, cover outstanding debts and ensure funds for future expenses like education. It can also help with final expenses and estate planning.
To find a lost life insurance policy in Baltimore, check personal records and contact the deceased's financial advisors. You can also seek help from the Maryland Insurance Administration to locate the policy.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
