Updated: June 3, 2026
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Maine homeowners pay an average of $119 monthly or $1,425 annually for coverage, ranking as the 42nd most expensive state nationwide.
Determine your coverage needs, gather multiple quotes and research providers to find the best home insurance in Maine at competitive rates.
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Maine's average home insurance premium is $119 per month or $1,425 annually. This is $170 less per month than the national average, saving residents $2,042 per year. Maine ranks 42nd nationally for home insurance costs, making it one of the most affordable states for coverage.
Use our free home insurance calculator for Maine homeowners below and get cost estimates in seconds.
| Maine | $1,425 | $3,467 | -59% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
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Rates updated:
Jun 22, 2026
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Maine home insurance costs vary based on where you live, how much coverage you buy, your home's construction type, which insurance company you choose, your credit score and your claims history. Let's examine how each of these factors impacts what you'll pay for coverage.
Maine homeowners in Lewiston enjoy the state's lowest insurance costs at $99 monthly. That's $32 less per month than New Vineyard residents pay and $26 less than Wilton. Peaks Island sits in the middle at $120 monthly. Where you live matters; city location alone creates annual differences up to $390.
| Lewiston | $99 | $1,187 |
| New Vineyard | $131 | $1,577 |
| Peaks Island | $120 | $1,438 |
| Wilton | $125 | $1,497 |
Provider choice creates massive rate differences in Maine. Vermont Mutual offers the lowest annual premiums at $586, while The Hanover charges $2,745, nearly five times more. Shopping between carriers can save Maine homeowners over $2,000 yearly.
| Vermont Mutual | $49 | $586 |
| Concord Group Insurance | $69 | $825 |
| State Farm | $71 | $856 |
| Chubb | $74 | $891 |
| Farmers | $111 | $1,337 |
| Allstate | $147 | $1,768 |
| Travelers | $199 | $2,388 |
| The Hanover | $229 | $2,745 |
Your premium depends on how much coverage you carry. Going from $100,000 to $250,000 in dwelling coverage adds $659 to your annual premium. Stepping up to $500,000 adds another $1,090. Higher coverage levels cost more because the insurer takes on more risk with each dollar of coverage.
| $100K Dwelling / $50K Personal Property / $100K Liability | $64 | $766 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $119 | $1,425 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $210 | $2,515 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $305 | $3,665 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $407 | $4,883 |
Home age affects insurance costs in Maine. Homes built in 2020 average $1,025 per year, and homes built in 1980 average $1,540 per year. Older homes cost about 1.5 times more to insure than newer ones.
| Newer | $85 | $1,025 |
| Middle Age | $119 | $1,425 |
| Older | $128 | $1,540 |
Your credit score affects what you pay for home insurance in Maine. Premiums range from $825 to $5,795 per year, depending on your score.
| Excellent | $69 | $825 |
| Good | $119 | $1,425 |
| Below Fair | $371 | $4,453 |
| Poor | $483 | $5,795 |
Maine homeowners pay 59% less per year for home insurance than the national average.
Maine experiences fewer catastrophic weather events compared to states prone to hurricanes, tornadoes or earthquakes. While the state gets harsh winters and occasional nor'easters, these events cause less widespread property damage than disasters in high-risk regions. According to the National Oceanic and Atmospheric Administration (NOAA), Maine recorded only 19 major disaster declarations between 1980 and 2024, compared to 94 in Florida and 190 in Texas.
Maine's median home value sits well below the national average, directly reducing insurance costs since premiums scale with dwelling coverage amounts. The U.S. Census Bureau reported Maine's median home value at $266,400 in 2023, compared to the national median of $303,400. Lower replacement costs mean insurers have smaller potential payouts, translating to reduced premiums for homeowners.
Maine maintains a healthy insurance marketplace with multiple carriers competing for customers, which keeps rates reasonable. This competitive environment prevents any single carrier from dominating the market and inflating prices.
Rates vary across Maine insurers, so a few targeted moves can cut your annual premium. Start by comparing the cheapest home insurance options in Maine to get a baseline before making any changes.
Start with your home's rebuild cost, not its market value. Construction prices change over time, and insuring at market value can leave you underprotected or overpaying. List your belongings room by room to set accurate personal property coverage limits. Portland and Bangor homeowners should add water backup coverage for snowmelt flooding.
Use MoneyGeek's Maine home insurance calculator to get a baseline estimate before contacting insurers. Having a number in hand helps you spot overpriced quotes. Ask every provider about discounts for security systems, new homes, clean claims records and protective devices. Coastal properties often qualify for storm shutter discounts given Maine's nor'easter exposure.
Get quotes from at least three insurers and check service quality alongside price. A low premium means nothing if your claim gets delayed or denied. Look at customer satisfaction rankings, claims processing timelines and financial strength scores. Maine's severe weather makes reliable claims handling worth paying a little more for.
Pairing home and auto coverage with the same insurer saves 10% to 25% on both policies. This works well in Cumberland and York counties, where auto insurance rates are competitive. Get bundled quotes from at least three insurers before deciding, since savings vary by company.
Installing smoke detectors, a security system or storm shutters can qualify you for premium discounts. Avoid filing small claims when you can pay for repairs yourself. A clean record saves $226 to $417 per year compared to having claims on file. Your credit score also matters. Moving from below fair to good credit cuts premiums by 68%, saving Maine homeowners more than $3,000 per year.
Homeowners insurance costs in Maine depend on your property, claims history and credit score. These FAQs break down what drives your rate.
Filing a claim in Maine increases your homeowners insurance premium by $227 for one claim and $418 for two claims compared to claim-free customers. Maine homeowners without any claims pay $1,425 annually on average. One claim raises your rate to $1,651 per year. Two claims bump your annual premium to $1,842. Claims remain on your record for five years, meaning you'll pay these elevated rates throughout that entire period.
You can save thousands of dollars annually by shopping around for home insurance in Maine. The difference between insurers is striking: Vermont Mutual offers coverage for just $49 per month, while The Hanover charges $229 monthly for similar protection.
Mid-range providers also show huge cost gaps. Chubb costs $74 monthly compared to Farmers at $111, creating a $37 monthly difference for comparable coverage. Compare quotes from at least three insurers to find the best rate for your situation.
Standard policies often cover sudden ice dam damage to ceilings and walls, but insurers typically exclude damage that develops gradually from poor maintenance or inadequate insulation. Keep attic insulation and ventilation in good shape, and clear snow from your roof after heavy storms to avoid a coverage dispute.
Bundling saves 10% to 25% on premiums but doesn't limit your coverage choices. You still set limits, deductibles and endorsements independently for each policy. The discount applies to your combined premium total.
Maine homeowners can reduce their insurance costs by implementing several effective strategies. Shopping around remains important since insurers can charge thousands more for identical coverage in the state. Maintaining a claim-free record for five or more years delivers substantial savings of $227 to $418 annually compared to having one or two claims on your record.
Adjusting your deductible from $500 to $1,000 reduces your annual premium by approximately $103. While this means paying more upfront during a claim, the long-term savings are considerable. Many insurers offer additional discounts for bundling multiple policies, installing security systems or owning newer homes.
These discount opportunities can further decrease your yearly costs. Contact multiple insurance providers to compare rates and available discounts, as even small reductions compound into meaningful annual savings over time.
MoneyGeek calculated Maine home insurance estimates using real rate data to show how specific factors affect your costs. Our baseline profile includes $250,000 in dwelling coverage, $125,000 in personal property coverage, $200,000 in liability coverage and a $1,000 deductible. The home assumes frame construction with a composition roof, built in 2000, with no claims filed in the past five years.
The $250,000 dwelling amount aligns with median home values across many Maine communities. Homes built in 2000 represent the middle-aged properties that make up the largest segment of Maine's housing stock.
We tested how individual factors change your premium by adjusting one element while keeping everything else constant. For home age comparisons, we analyzed identical policies for houses built in 1980, 2000 and 2020.
Your actual premium will be different depending on your home's construction, roof type, age, location, coverage amounts, claims record, credit history and insurance company. These rate differences demonstrate which factors matter most when you shop for coverage.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he produces original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.). His career began in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
