Homeowners Insurance in Maine

Finding a homeowners insurance policy doesn’t need to be confusing. Compare rates by city and company below.

Find inexpensive home insurance in Maine

Home insurance is an optional but important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. Homeowners insurance protects your dwelling, attached buildings, and personal property in the event of an array of calamities, including theft, fire, vandalism, or wind damage.

Large gulfs exist in homeowners insurance rates from state to state. Policy rates in states vary depending on the number of — and value of — homeowners policy claims submitted across the state, and depend on the value of the belongings and home insured on the policy.

The easiest way to get a cheap home insurance policy in Maine is to get quotes from as many homeowners insurance companies as you can. Get an idea of average home insurance rates in Maine by referencing the below tables. Remember: your rates may differ, depending on your coverage limits.

Maine homeowners insurance:
  1. Homeowners rates by company
  2. Costs by city
  3. Insurance bundling discounts

Home insurance rates in Maine by carrier

Prices for home insurance in Maine will vary depending on which insurance company you choose. MetLife sells the cheapest homeowners policies in Maine — just $478 per year. This beats the state average cost of $961, providing a $483 discount on the state's average rate.

Start looking for affordable homeowners coverage by checking out the cheapest Maine carriers, detailed below.

Insurance CompanyAverage Annual Rate in Maine
Patriot Insurance$649.00

Maine home insurance prices: by city

Not all Maine cities have the same home insurance rates. Policy pricing may depend on local variables such as the number of claims filed nearby, lending your ZIP code plenty of weight in deciding how much you pay.

The cheapest home insurance rates in Maine are in Gorham. In Gorham, the typical home insurance policy costs $875 per year — $85 less than the average homeowners policy in other Maine cities. The below cities have the most affordable homeowners insurance in Maine.

CityAverage Yearly Home Insurance Rate
South Portland$893.69
Presque Isle$898.08

Home and auto insurance bundles in Maine

If you're trying to save, consider buying your home and auto policies from the same insurance company. A home and auto insurance bundle in Maine can save you a substantial sum each month on your auto insurance bill. Bundling policies in Maine may generate average annual savings of $99.

Avg. Yearly Auto Insurance Rate (No Bundle)Avg. 12-Month Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %

A great way to save is to bundle your auto and homeowners insurance policies. Find a policy today!

Compare rates from top car insurance companies.

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Homeowners insurance and hurricanes in Maine

Since hurricanes can cause devastating destruction and demolish properties entirely, insurers are disinclined to take on the risks posed by hurricanes. If you own property in Maine, there could be increased risk of suffering hurricane damage. In fact, 5,645 single-family residences are extremely vulnerable to hurricane damage in Maine.*

If you live in a coastal area, it's of utmost importance to check and understand your homeowners policy since a basic home policy won't be enough to cover damage by hurricanes — you would need separate windstorm and flood insurance policies, which would work together to cover repairs or replacements. In some states, your insurance company may make it compulsory to have a separate deductible for hurricanes if you live in an area that's especially susceptible.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)