Home insurance in Maine costs about $111 monthly or $1,331 annually on average. Residents pay $109 less per month, or $1,304 less annually, than the national average, making it the 14th most affordable state for home insurance.
Average Home Insurance Cost in Maine
Updated: May 29, 2025
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Rates updated:
Jun 06, 2025
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Key Takeaways
Home insurance costs in Maine range from $674 to $10,273 per year, depending on your financial history, home details, coverage chosen and provider.
Maine's home insurance premiums are the 14th most affordable in the country, with rates that are 49% below the national average.
To find the best home insurance in Maine, determine your coverage needs, research providers and costs, and gather multiple quotes.
How Much Is Home Insurance in Maine?
| Maine Average | $111 | $1,331 | -49% |
| National Average | $220 | $2,635 | 0% |
*These rates represent a home built in 2000 out of frame with $250,000 dwelling, $125,000 personal property and $200,000 liability coverage with a $1,000 deductible.
Why Is Home Insurance so Expensive in Maine?
Home insurance is expensive in Maine mainly because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail.
Rising Claims
More claims result in higher costs for insurers, which they offset by increasing premiums. Areas with frequent claims due to theft, vandalism, or accidents can expect higher home insurance rates.
High Weather Risks
Regions prone to severe weather, such as hurricanes or wildfires, face higher insurance costs. Insurers adjust rates to account for potential damage from these natural events.
Rising Material and Labor Costs
As the cost of building materials and labor rises, so does the cost to repair or rebuild homes. Insurers increase premiums to cover these higher expenses.
State Insurance Laws
State-specific insurance regulations can impact rates. Mandates for coverage types or minimum limits can lead to higher costs for homeowners.
What Affects Maine Home Insurance Costs?
Like for most home insurance companies, regardless of state, pricing is mostly affected by these factors:
- Location
- Coverage chosen
- Home build details
- Provider chosen
- Credit
- Claims history
We've highlighted below how much each factor affects rates specific to Maine for these major factors.
How Much Does Coverage Affect Home Insurance Costs?
Coverage choices are the second most influential factor in Maine home insurance rates, averaging from $630 to $5,225 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs.
| Lowest | $100K Dwelling / $50K Personal Property / $100K Liability | 2000 | $53 | $630 |
| Highest | $1MM Dwelling / $500K Personal Property / $1MM Liability | 500 | $435 | $5,225 |
How Much Do Home Details Affect Home Insurance Costs?
Home details like age, construction materials and roof type are the third most influential factor in Maine homeowners insurance rates, averaging from $59 to $120 per month. These factors affect replacement costs and the risk of damage or theft, leading to rate differences.
| Lowest | New | Superior | Tile | $59 | $709 |
| Highest | Old | Frame | Shake-Treated | $120 | $1,438 |
How Much Does the Provider You Choose Affect Home Insurance Costs?
Your choice of insurer is the fourth most influential factor in Maine home insurance rates, with prices ranging from 61% below to 98% above the state average.
| Lowest | Vermont Mutual | $44 | $523 |
| Highest | The Hanover | $220 | $2,643 |
How Much Does Credit Affect Home Insurance Costs?
A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 70%, with annual average rates ranging from $793 to $3,495.
| Lowest | Excellent | $66 | $793 |
| Highest | Poor | $291 | $3,495 |
How Much Does Claims History Affect Home Insurance Costs?
In Maine, claims history has a smaller impact on cost than other factors. Depending on your claims history, rates can be affected by up to 22% or $828 annually. Filing more claims increases perceived risk, leading to higher premiums.
| Lowest | Claim free for 5+ years | $111 | $1,331 |
| Highest | 2 claims in past 5 years | $180 | $2,160 |
Tips to Save on Maine Home Insurance
With high home insurance costs in Maine, it's important to find ways to save on premiums, whether you're buying a home or cutting expenses on your current one. Below are tips to help you secure the best and cheapest home insurance in Maine for your situation.
- 1
Find How Much Coverage You Need Beforehand
Determining how much home insurance you need before buying allows you to frame how you search for coverage and avoid being oversold by agents. In addition to standard coverage options, you should also consider if you need add-ons to protect any additional items you own.
- 2
Research Costs and Discounts Beforehand
To know whether you’re actually getting a good deal, you’ll need to understand average costs for you and your home specifically. Also, be sure to ask about all home insurance discounts with agents since insurers are not required to apply some of their reductions unless you ask them for home policies.
- 3
Compare Multiple Providers Through Different Avenues
Compare multiple insurers apples to apples to find the best coverage for your needs. Use various methods, including online comparison sites, brokers, provider websites and agents, as quotes vary significantly across these channels.
- 4
Consider Bundling Policies
Bundling policies can lead to significant savings. Learn more about combining home and auto insurance in your area.
- 5
Reduce Your Personal Risk Profile
To get cheaper premiums on your home, consider making improvements like adding storm shutters or home security systems. Also, improving your credit score can decrease premiums drastically. For example, moving from a fair to a good credit score can save you 28% on average.
- 6
See if You Are Eligible for State Programs
State programs can help get affordable coverage if you're denied traditional home insurance. For instance, Maine offers the TFPA policy to insure you if traditional insurers deny you coverage. While TFPA plans don’t offer the same coverage amount as traditional policies, they meet mortgage requirements.
Maine Home Insurance Calculator: Bottom Line
Your home insurance costs vary, mainly by location and coverage you choose. For affordable rates, look into your needs and typical costs. Then, try our estimate tool for the best deal.
Homeowners Insurance Calculator Maine: FAQ
The cost of homeowners insurance in Maine depends on several factors. To help you estimate your expenses, MoneyGeek answers common questions about home insurance in the state.
How much does homeowners insurance cost in Maine?
Maine's average monthly home insurance cost is $111 for a dwelling coverage of $250,000. However, your rate will depend on factors like your credit score, liability and property coverage limits and deductible.
How do I know how much dwelling coverage to get?
Homeowners can estimate their required dwelling coverage by calculating the cost to replace their home after damage, often with help from an appraiser. While this study uses a baseline coverage of $250,000, you can use the MoneyGeek homeowners insurance calculator to find the best coverage limit for your needs.
What factors affect home insurance costs the most?
The biggest factors affecting home insurance costs are your location, chosen coverage level and provider. Your credit score and home details also play a crucial role.
How We Determined Our Maine Home Insurance Estimates
When determining the average cost of home insurance in Maine, we used a base profile for a simple estimate consistent with the following:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- Home built year: 2000
- Construction type: Frame
- Roof type: Composition
- $1,000 deductible
- No claims in the past 5+ years
- Fire protection level of 3
However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.