- Average home insurance cost in Maine
- Best home insurance companies in Maine
- Cheapest home insurance companies in Maine
- Maine home insurance rates by ZIP code
- Maine homeowners insurance rates by county
- Compare homeowners insurance rates by city in Maine
- Methodology
- Compare Maine homeowners insurance rates with other states
Average home insurance cost in Maine
The average cost of homeowners insurance in Maine is $1,335 a year or $111 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 Chubb, followed by Vermont Mutual and Auto-Owners.
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.
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 all categories.
| Company | $200,000 | $300,000 | $400,000 | $600,000 | $1,000,000 |
|---|---|---|---|---|---|
| State Farm | $1,158 | $1,430 | $1,675 | $2,096 | $2,713 |
| Farmers | $1,067 | $1,483 | $1,928 | $2,895 | $4,804 |
| Allstate | $742 | $1,011 | $1,231 | $1,692 | $2,266 |
| Auto-Owners | $879 | $1,066 | $1,282 | $1,872 | $2,751 |
| Chubb | $940 | $1,352 | $1,756 | $2,554 | $3,532 |
| Frankenmuth Insurance | $990 | $1,380 | $1,773 | $2,477 | $3,656 |
| MMG Insurance | $1,190 | $1,699 | $2,151 | $3,243 | $5,281 |
| Quincy Mutual | $1,207 | $1,565 | $1,923 | $2,669 | $4,117 |
| The Hanover | $1,593 | $2,252 | $2,959 | $4,372 | $7,079 |
| Vermont Mutual | $584 | $767 | $963 | $1,352 | $1,935 |
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 by ZIP code
Average home insurance rates in TexasMost & least expensive ZIP codes for homeowners insurance in Texas
| ZIP code | City | Highest rate |
|---|---|---|
| 77550 | Galveston | $10,164 |
| 77586 | El Lago | $9,906 |
| 77551 | Galveston | $9,536 |
| 77554 | Galveston | $9,358 |
| 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 |
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 InsuranceThe most expensive ZIP codes in Maine for home insurance
Maine homeowners insurance rates are the most expensive for ZIP code 04109 with an average annual cost of $1,581.
The most expensive ZIP codes in Maine are:
| City | ZIP code | Average Annual Premium |
|---|---|---|
| Portland | 4109 | $1,581 |
| Bath | 4530 | $1,532 |
| Kittery | 3904 | $1,528 |
| Saco | 4072 | $1,520 |
| Harpswell | 4079 | $1,519 |
The least expensive ZIP codes in Maine for home insurance
The cheapest ZIP codes for home insurance in Maine are:
| City | ZIP code | Average Annual Premium |
|---|---|---|
| Auburn | 4210 | $1,196 |
| Sheridan | 4775 | $1,227 |
| Portage | 4768 | $1,228 |
| Madawaska | 4756 | $1,229 |
| Clayton Lake | 4737 | $1,230 |
Maine homeowners insurance rates by county
Home insurance rates in Maine vary by county. Take a look at the average rates by county in Maine below to see how costs compare.
| County | Average annual premium | Average monthly premium |
|---|---|---|
| Androscoggin | $1,283 | $107 |
| Aroostook | $1,244 | $104 |
| Cumberland | $1,429 | $119 |
| Franklin | $1,298 | $108 |
| Hancock | $1,336 | $111 |
| Kennebec | $1,279 | $107 |
| Knox | $1,356 | $113 |
| Lincoln | $1,349 | $112 |
| Oxford | $1,283 | $107 |
| Penobscot | $1,335 | $111 |
| Piscataquis | $1,279 | $107 |
| Sagadahoc | $1,402 | $117 |
| Somerset | $1,308 | $109 |
| Waldo | $1,361 | $113 |
| Washington | $1,367 | $114 |
| York | $1,413 | $118 |
Compare homeowners insurance rates by city in Maine
Home 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 home insurance for your specific city in Maine.
City Annual insurance premium
Methodology
Insurance.com worked with Quadrant Information Services to field homeowners insurance rates in all 50 states and Washington, D.C. We analyzed 37,973,840 insurance quotes from 134 insurance companies across 34,595 ZIP codes to determine the average premiums.
The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:
- $300,000 dwelling coverage
- $300,000 liability protection
- $1,000 deductible
- 2% hurricane deductible where appropriate.
To rank insurance companies, we used three important factors: average annual cost, NAIC complaint ratio and AM Best financial stability rating. Find the full best insurance companies rating methodology here. The quoted insurance rates are for comparison purposes, and your rates will vary.
