Average homeowners insurance cost in Auburn, ME

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The average cost of homeowners insurance in Auburn is $1,286 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $1,218 less than the national average of $2,504.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Auburn depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Auburn, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Auburn.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Auburn.

Key takeaways

The average cost of homeowners insurance in Auburn is $1,286 per year.
Vermont Mutual is the cheapest homeowners insurance company in Auburn with an average annual premium of $646.
If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $346 more a year for home insurance.

Average homeowners insurance cost in Auburn per month

Residents of Auburn pay an average of $107 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $8 less than the state average of $115 and $102 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Auburn may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Auburn

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $940 per year in Auburn, ME. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Auburn

According to a rate analysis by Insure.com, homeowners in Auburn pay an average of $1,286 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $346 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Auburn by company

After evaluating several carriers, Vermont Mutual is the least expensive homeowners insurance provider in Auburn. It’s average annual rate for homeowners in Auburn is $646.

Auto-Owners holds the second position, while Chubb Ltd secures the third spot with an average annual home insurance rate of $915.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Auburn and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Auburn and their average annual premiums.

Home Insurance Company	Annual rate
Vermont Mutual	$646
Auto-Owners	$824
Chubb Ltd	$915
State Farm	$929
Allstate	$1,124
Frankenmuth Insurance	$1,307
Quincy Mutual	$1,334
MMG Insurance	$1,575
Farmers	$2,041
The Hanover	$2,161

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Auburn for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.