Best condo insurance companies in Maine

In Maine, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction ratings of major insurers in Maine. Below are the best condo insurance companies in Maine based on Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
State Farm829A++
4.8
Auto-Owners825A++
4.8
Allstate815A+
4.1
Chubb Ltd809A++
3.4

Average cost of condo insurance in Maine

The average cost of condo insurance in Maine is $358 a year or $30 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average Annual PremiumAverage Monthly Premium
$358$30

Condo insurance calculator

Average condo insurance rates in Maine
$40,000
$40,000 $60,000 $80,000 $100,000
$100,000
$100,000 $300,000
$1,000
$1,000

Most & least expensive ZIP codes for condo insurance in Maine

Most expensive

ZIP CodeCityHighest Rate
04925Caratunk$401
04929Detroit$401
04985West Forks$401
04923Cambridge$401

Least expensive

ZIP CodeCityLowest Rate
04417Burlington$299
04418Greenbush$299
04419Carmel$299
04412Brewer$299
Data refreshed as of Apr 2024
Read our full methodology

Condo insurance rates by companies in Maine

Rates for condo insurance by company in Maine vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Maine. The cheapest company for condo insurance in Maine is Vermont Mutual. Frankenmuth Insurance, and Auto-Owners, are the second and third cheapest options.

CompanyAverage Annual Rate
Vermont Mutual$207
Frankenmuth Insurance$219
Auto-Owners$232
Allstate$282
State Farm$286
Quincy Mutual$288
MMG Insurance$394
Chubb Ltd$591
The Hanover$719

Compare condo insurance rates by city in Maine

Condo insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on condo insurance for your specific city in Maine.

CityAnnual insurance premium
Auburn
$318
Augusta
$325
Bangor
$313
Biddeford
$356
Lewiston
$316
Portland
$343
Saco
$355
Sanford
$350
South Portland
$346
Westbrook
$356

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

Compare condo insurance rates with other states

Alabama
$726/year
Alaska
$695/year
Arizona
$710/year
Arkansas
$775/year
California
$705/year
Colorado
$760/year
Connecticut
$626/year
Delaware
$419/year
Florida
$1,516/year
Georgia
$798/year
Hawaii
$394/year
Idaho
$486/year
Illinois
$571/year
Indiana
$558/year
Iowa
$414/year
Kansas
$475/year
Kentucky
$491/year
Louisiana
$1,040/year
Maryland
$580/year
Massachusetts
$596/year
Michigan
$659/year
Minnesota
$384/year
Mississippi
$797/year
Missouri
$434/year
Montana
$444/year
Nebraska
$521/year
Nevada
$610/year
New Hampshire
$460/year
New Jersey
$487/year
New Mexico
$415/year
New York
$611/year
North Carolina
$843/year
North Dakota
$319/year
Ohio
$574/year
Oklahoma
$980/year
Oregon
$575/year
Pennsylvania
$612/year
Rhode Island
$530/year
South Carolina
$579/year
South Dakota
$347/year
Tennessee
$641/year
Texas
$921/year
Utah
$563/year
Vermont
$283/year
Virginia
$525/year
Washington
$607/year
West Virginia
$313/year
Wisconsin
$491/year
Wyoming
$212/year
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