Best and cheapest home insurance in Maine for 2024

Average home insurance cost in Maine

The average cost of homeowners insurance in Maine is $1,391 a year or $116 a month. This is based on coverage of:

$300,000 dwelling
$300,000 liability
$1,000 deductible.
2% Hurricane deductible

However, the average annual premium varies by the insurance company, your ZIP code, coverage type, your home's age, among other factors. It’s a good idea to compare price quotes from different Maine homeowners insurance companies to get the best deal.

Best home insurance companies in Maine

The best home insurance company in Maine is Auto-Owners, followed by State Farm and Chubb Ltd.

Below is a full list of the top Maine insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Best home insurance companies in Alaska

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Best home insurance companies in Maine
Company	AM Best	NAIC complaint ratio	Insurance.com score	Average annual rate
Auto-Owners	A++	0.37	4.83	$836
State Farm	A++	0.83	4.35	$1,002
Chubb Ltd	A++	0.18	3.8	$1,112
Allstate	A+	1.46	3.26	$1,026
Farmers	A	0.67	2.8	$2,267

Data updated in 2024

Cheapest home insurance companies in Maine

Below are Maine home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see Vermont Mutual has the most affordable rates in rates in all categories.

Cheapest home insurance rates in Maine by coverage level
Company	$200,000	$300,000	$400,000	$600,000	$1,000,000
Vermont Mutual	$506	$654	$817	$1,142	$1,792
Auto-Owners	$695	$836	$995	$1,436	$2,370
State Farm	$797	$1,002	$1,214	$1,653	$2,446
Allstate	$749	$1,026	$1,252	$1,722	$2,636
Chubb Ltd	$771	$1,112	$1,444	$2,099	$3,412
Quincy Mutual	$908	$1,312	$1,719	$2,532	$4,159
Frankenmuth Insurance	$949	$1,323	$1,702	$2,374	$3,914
MMG Insurance	$1,051	$1,488	$1,875	$2,811	$4,573
Farmers	$1,654	$2,267	$2,806	$4,280	$7,392
The Hanover	$2,132	$2,893	$3,589	$5,055	$8,227

Data updated in 2024

Maine home insurance rates by ZIP code

Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Maine to see which areas are the most and least expensive.

Enter your ZIP code and desired coverage level in the search box to see the average home insurance rate for that area. You will also see the highest and lowest premiums from major home insurers. This will give you an idea of how much you can save by comparing home insurance rates. The difference between the highest rate and the lowest rate is how much you could save by shopping around.

Home insurance calculator

Average home insurance rates in Texas

Most & least expensive ZIP codes for homeowners insurance in Texas

Most expensive

ZIP code	City	Highest rate
77550	Galveston	$10,164
77586	El Lago	$9,906
77551	Galveston	$9,536
77554	Galveston	$9,358

Least expensive

ZIP code	City	Lowest rate
78559	Iglesia Antigua	$1,956
78593	Santa Rosa	$1,999
79915	El Paso	$2,008
79905	El Paso	$2,009

Data updated in 2024

The Maine Bureau of Insurance says...

As a result of rising claim costs, some insurers have replaced the standard flat rate deductible with a stated percentage of the dwelling limit. This change increases the deductible and is meant to keep premium levels down. This deductible may apply to all claims, or it may be restricted to losses caused by certain specified perils. If you have a limit of $80,000 on your policy, the deductible for the applicable losses would be $800; if the limit is $150,000, the deductible would be $1,500. Some insurers offer a "buy back" of the flat deductible for a higher premium.

- The Maine Bureau of Insurance