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Are you looking for homeowners insurance in Maine? You're in luck. We have analyzed quotes from all the major insurance providers and compiled a list of the best and cheapest homeowners insurance companies.

According to Insurance.com's analysis, Hartford is one of the best homeowners insurance companies in Maine. J.D Power awarded 798 scores to Hartford out of 1000, based on a 1000-point scale, it is the highest among the carriers surveyed.

While Safeco's overall rating is 4, it earns 810 scores out of 1000 from J.D. Power and an A rating from A.M Best.

There are many different companies to choose from, and most insurers offer similar coverage at different rates. This guide will compare the Maine homeowners insurance companies, giving you some insight into what each offers and how much it would cost you to insure your home.  You will also get a list of the best and most affordable homeowners insurance companies in Maine.

KEY TAKEAWAYS
  • Hartford is one of the best homeowners insurance companies in Maine.
  • The average cost of homeowners insurance in Maine is $1,833 a year or $153 per month
  • A home and auto insurance bundle can help you save an average of $225 per year.

Best home insurance companies in Maine

If you're looking for the best homeowners insurance company in Maine, we've got you covered. We've compiled a list of some of the top-rated insurers in the state and compared their rates, their customer satisfaction rating, J.D. Power score, claims handling and AM Best rating to help make your decision easier. Here is the list of best home insurance companies in Maine:

  • Hartford
  • Safeco
  • Progressive
  • Travelers

Compare best homeowners insurance companies in Maine

You can't afford to take any chance when it comes to buying insurance for your home. There are various insurance carriers out there and they offer different home insurance coverage options. That's why it is important to compare home insurance companies before deciding on which one to choose.

We have done the research for you. After comparing insurance companies based on their ratings from J.D Power and A.M Best, we have put together a list of the best insurance companies for Maine homeowners.

CompanyOverall ratingJ.D. Power scoreAM Best rating
Hartford5798A+
Safeco4810A
Progressive3821A+
Travelers3800A++

Average cost of homeowners insurance in Maine

The average cost of homeowners insurance in Maine is $1,833 a year or $153 a month---$472 less than the national average ($2,305).

Homeowners insurance rates vary depending on where you live, the age of your home, building cost in your area, among other factors.

Average annual premiumAverage monthly premium
$1,833$153

10 Most expensive zip codes in Maine for homeowners insurance

There are parts of Maine that have higher risks of natural disasters and hazards than others. These areas also tend to have more expensive ZIP codes for homeowners insurance due to increased risk factors.

The most expensive ZIP code in Maine is 4637. Its average rate for home insurance is $1,886 a year---$53 more than the state average ($1,833).

Below is a list of the most expensive ZIP codes for homeowners insurance and their average annual homeowners insurance costs.

ZIP codeAverage annual rate
4637$1,886
4490$1,797
4413$1,795
4686$1,781
4492$1,771
4424$1,715
4454$1,631
4951$1,616
4635$1,606
4491$1,603

10 Least expensive zip codes in Maine for homeowners insurance

We have analyzed home insurance rates for various ZIP codes and compiled a list of the top 10 least expensive ZIP codes for homeowners insurance in Maine.

The least expensive ZIP code in Maine is 4732. Its average rate for homeowners insurance is $1,201 a year. It's $632 less than the state average ($1,833).

Find below the list of Maine homeowners insurance rates for the least expensive ZIP codes.

ZIP codeAverage annual rate
4732$1,201
4092$1,207
4629$1,215
4240$1,216
4210$1,220
4105$1,224
4747$1,233
4578$1,236
4005$1,238
4776$1,240

Cheap homeowners insurance in Maine

The cost of homeowners insurance in Maine varies based on the insurance company you pick. If you are looking for a reliable insurer that provides affordable homeowners insurance policy, Concord Gen Mut is the most suitable option. It is the cheapest homeowners insurance company in Maine and its homeowners insurance cost is $902 per year- $931 less than the state average ($1,833).

Following is a list of the cheapest homeowners insurance companies in Maine and their average annual premium-

Company nameAverage annual premium
Concord Gen Mut$902
Travelers$1,276
Allstate$1,462
Patrons Oxford$1,530
MMG$1,590
Nationwide$1,650
State Farm$1,998
USAA$2,054
Foremost$2,757
Hanover$3,367
Liberty$4,133
LM Insurance$4,349

Home and auto bundle discounts in Maine

If you're looking for a way to save on your home insurance, consider purchasing both home and auto policies from the same company. Not only will your rates be cheaper, but also there will be less paperwork.  

A home and auto insurance bundle can help you save an average of $225 a year or 17% on your insurance premium.

Let's find out what companies offer a discount on the insurance bundle and how much you can save on home insurance premium.  

Company$ Bundle average saving% Bundle average saving
Nationwide$53531%
State Farm$42333%
Massachusetts Bay Insurance$38130%
USAA$29816%
Patriot Insurance$27220%
Metropolitan$26129%
Allstate$22118%
Patrons Oxford$15510%
Concord Gen$13114%
MMG$1248%
Travelers$11110%
Foremost Insurance$1024%
Pacific Ind Co$8010%
Vermont$568%

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