Home Home insurance Average home insurance cost Homeowners insurance rates by state Average homeowners insurance cost in Maine Average homeowners insurance cost in Maine Homeowners insurance in Maine costs $1,375 per year or $115 monthly, according to Insure.com’s data analysis. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service. | Updated on: November 21, 2024 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.Homeowners insurance in Maine costs an average of $1,375 a year, according to Insure.com’s study. Read this guide to learn more about the average homeowners insurance rates in Maine by insurance company and ZIP code. Key Takeaways Homeowners insurance costs an average of $1,375 a year, based on our analysis.Of all the ZIP codes in Maine, 4851 has the most affordable home insurance rates at around $1,226 annually.In Maine, Vermont Mutual provides the most affordable home insurance at an average annual premium of $645. Average home insurance cost in Maine by coverage levelIn Maine, the annual homeowners insurance cost is $1,375, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $831 in Maine, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Maine based on dwelling coverage limits of $300,000, $400,000, and $500,000.Coverage Average annual rate Average monthly rate200000 with 1000 Deductible and 100000 Liability and 2% Deductible$1,005$84200000 with 1000 Deductible and 300000 Liability and 2% Deductible$1,021$85300000 with 1000 Deductible and 100000 Liability and 2% Deductible$1,375$115300000 with 1000 Deductible and 300000 Liability and 2% Deductible$1,391$116400000 with 1000 Deductible and 100000 Liability and 2% Deductible$1,724$144400000 with 1000 Deductible and 300000 Liability and 2% Deductible$1,741$145600000 with 1000 Deductible and 100000 Liability and 2% Deductible$2,493$208600000 with 1000 Deductible and 300000 Liability and 2% Deductible$2,510$2091000000 with 1000 Deductible and 100000 Liability and 2% Deductible$4,075$3401000000 with 1000 Deductible and 300000 Liability and 2% Deductible$4,092$341In Maine, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history and coverage limit all affect your premium.If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.Best homeowners insurance companies in MaineIt’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.We evaluated homeowners insurance providers in Maine by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Vermont Mutual received the lowest NAIC score and an AM Best rating of A+. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.Company Average annual premiumAM Best Rating NAIC Complaint IndexOverall scoreVermont Mutual$645A+0.075Auto-Owners$831A++0.334.96State Farm$995A++0.954.84Chubb$1,070A++0.184.83Allstate$1,002A+0.94.76MMG Insurance$1,478A0.614.43Frankenmuth Insurance$1,313B++0.034.4Quincy Mutual$1,300B++0.244.4Farmers$2,237A0.544.01The Hanover$2,876A0.53.66Average homeowners insurance cost by company in MaineVermont Mutual provides the most affordable homeowners insurance in Maine, with an average annual premium of $645. Auto-Owners and State Farm also offer cheap home insurance rates.Shopping around for homeowners insurance can help you save hundreds of dollars annually.Here are the average annual and monthly insurance rates for homeowners in Maine with a policy that provides $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.Company Average annual rate Average monthly rateVermont Mutual$645$54Auto-Owners$831$69State Farm$995$83Allstate$1,002$83Chubb$1,070$89Quincy Mutual$1,300$108Frankenmuth Insurance$1,313$109MMG Insurance$1,478$123Farmers$2,237$186The Hanover$2,876$240Maine homeowners insurance rates by ZIP codeIn Maine, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.Shop around and compare quotes from different insurance companies to find the best home insurance rates in Maine. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.Most affordable ZIP codes for home insurance rates in MaineNot every area in Maine has the same home insurance cost. How much you pay for homeowners insurance in Maine depends on many factors, including your ZIP code. Our data shows that 4851 ZIP has low-cost home insurance rates in Maine, at about $1,226 a year or $102 monthly.Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Maine.ZIP codeAverage annual rateAverage monthly rate4851$1,226$1024847$1,230$1024417$1,236$1034855$1,245$1044853$1,248$1044657$1,250$1044106$1,254$1054418$1,257$1054092$1,260$1054422$1,261$105Most expensive ZIP codes for home insurance rates in MaineYour ZIP code plays a significant role in determining the cost of your homeowners insurance. In Maine, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.In Maine, 4929 has the highest homeowners insurance rates, at $1,613 per year.Here, we’ve highlighted some of the most expensive ZIP codes in Maine for homeowners insurance:ZIP codeAverage annual rateAverage monthly rate4929$1,613$1344924$1,607$1344923$1,582$1324478$1,576$1314985$1,561$1304925$1,559$1304956$1,555$1304668$1,553$1294406$1,548$1294961$1,542$129Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.Home insurance rates in Maine by cityAuburnBangorLewistonPortlandSouth PortlandHome insurance rate trend in MaineWe analyzed home insurance rate trends in Maine and found that homeowners insurance rates experienced an overall decrease of only 1% or $17, from 2022 to 2023.The below data shows how much homeowners insurance rates have changed since 2019.2019 rates2022 rates2023 rates$1,529$1,392$1,375To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Maine.Resources & methodologySourceS&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.MethodologyInsure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 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$100,000 liability protection$1000 deductibleWe have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary. Explore other insurance options in Maine Average renters insurance cost in Maine Average car insurance cost in Maine Non-owner auto insurance in Maine How much is home insurance in other statesAlaska$1,695/YearAlabama$3,131/YearArkansas$3,948/YearArizona$2,468/YearCalifornia$1,386/YearColorado$4,086/YearConnecticut$2,205/YearWashington, D.C.$1,327/YearDelaware$1,366/YearFlorida$4,405/YearGeorgia$2,286/YearHawaii$593/YearIowa$2,642/YearIdaho$1,950/YearIllinois$3,044/YearIndiana$2,969/YearKansas$4,826/YearKentucky$3,314/YearLouisiana$3,576/YearMassachusetts$1,622/YearMaryland$1,707/YearMichigan$2,396/YearMinnesota$2,399/YearMissouri$3,528/YearMississippi$3,369/YearMontana$3,265/YearNorth Carolina$2,933/YearNorth Dakota$3,134/YearNebraska$4,785/YearNew Hampshire$1,209/YearNew Jersey$1,506/YearNew Mexico$2,638/YearNevada$1,444/YearNew York$1,777/YearOhio$2,144/YearOklahoma$5,749/YearOregon$1,741/YearPennsylvania$1,886/YearRhode Island$1,932/YearSouth Carolina$2,668/YearSouth Dakota$3,374/YearTennessee$3,045/YearTexas$3,844/YearUtah$1,792/YearVirginia$2,135/YearVermont$1,247/YearWashington$1,596/YearWisconsin$1,648/YearWest Virginia$1,886/YearWyoming$1,885/YearShow moreShivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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