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 an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: April 14, 2025 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 want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.On average, Maine homeowners insurance costs $1,375 a year, based on Insure.com’s data. Learn more about the average homeowners insurance rates by company and ZIP code in Maine. Key Takeaways Homeowners insurance costs an average of $1,375 a year, based on Insure.com 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 levelThe average cost of homeowners insurance in Maine is $1,375 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $1,724 per year for homeowners insurance in Maine for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Maine for dwelling coverage of $300,000, $400,000 and $500,000.Coverage Average annual rate Average monthly rate$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,005 $84 $200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,021 $85 $300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,375 $115 $300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,391 $116 $400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$1,724 $144 $400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$1,741 $145 $600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$2,493 $208 $600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$2,510 $209 $1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible$4,075 $340 $1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible$4,092 $341 Homeowners insurance companies in Maine decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area with few to no claims. Your credit score can also play a role in determining your home insurance costs. 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 MaineHomeowners insurance costs in Maine can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 4851 area has the most affordable insurance rates, at $1,226 annually or $102 monthly.Below are the homeowners insurance rates for 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 MaineIn Maine, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.Homeowners in 4929 ZIP pay the highest insurance rates in Maine, with an average annual premium of $1,613.Below is a list of 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 April 2025.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/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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