Overall, State Farm offers the best life insurance in Maine and across the country, earning a MoneyGeek score of 99 out of 100 for customer service, affordability, and coverage options. We also recommend GEICO, Haven, Nationwide and Mutual of Omaha as some of the best affordable alternatives.
Best Life Insurance Companies in Maine (June 2025)
Updated: July 10, 2025
Advertising & Editorial Disclosure
Key Takeaways
While life insurance rates are consistent across the U.S., Maine's top providers include State Farm, GEICO, Haven, Nationwide and Mutual of Omaha.
GEICO provides the most affordable life insurance in Maine and nationwide, with rates beginning at just $3 per month.
To find the best life insurance in Maine, decide on your coverage needs, research costs and companies, and compare plenty of providers.
Best Life Insurance Providers in Maine
| State Farm | 99 | $6 |
| GEICO | 98 | $3 |
| Haven | 97 | $6 |
| Nationwide | 97 | $4 |
| Mutual of Omaha | 96 | $4 |
*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.
Best Life Insurance in Maine by Category
While the top life insurance provider is a great choice for most, your best option may differ based on your personal profile. Below, we've detailed the top providers for common profiles to help guide your decision.
| Young Adults | Progressive | $2 |
| Seniors | GEICO | $21 |
| Smokers | Progressive | $10 |
| High Coverage | Amica | $17 |
Compare Personalized Best Maine Life Insurance Picks
To help you find the best life insurance fit, we've included a filterable table below, allowing you to match recommendations with your personal profile effortlessly.
Data filtered by:Results filtered by:
Select
Age:41-50
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Gender:M
Select
Coverage Level:250k-500k
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Term:10
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Health Level:Excellent
| State Farm | 99 | $6 |
| GEICO | 98 | $4 |
| Haven | 97 | $10 |
| Nationwide | 97 | $5 |
| Mutual of Omaha | 96 | $5 |
| Protective | 95 | $6 |
| Prudential | 94 | $6 |
| AAA | 92 | $5 |
| Allstate | 92 | $6 |
| Transamerica | 90 | $4 |
Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.
How to Find the Best Life Insurance in Maine
We've outlined essential tips to help you navigate finding the best life insurance here in the Pine Tree State.
- 1
Decide coverage beforehand
Finding out how much life insurance you need is crucial before purchasing. It allows for fair price comparisons and prevents agents from overselling.
- 2
Research costs for your profile
Checking average life insurance costs for your coverage level and personal profile helps you gauge if you're getting a good deal. Keep in mind that your location generally does not affect life insurance rates, so focus on your coverage needs and personal factors.
- 3
Compare company reputations
Understanding a company's reputation in your area can guide you to the best provider for your needs. Resources like J.D. Power, online forums, and independent agents offer valuable insights.
- 4
Compare quotes through multiple avenues
Comparing quotes from various sources ensures you get the best value for your coverage. Pricing can vary based on whether you get quotes from an independent agent or an online platform.
Best Life Insurance in Maine: Bottom Line
We found the top three life insurance companies in Maine are State Farm, GEICO, and Haven. While these are our recommendations, we urge you to do your own research, decide on a coverage level, and compare quotes to get the best deal possible.
Maine Life Insurance: FAQ
Explore our expert answers to common questions about life insurance in Maine.
What is the best life insurance in Maine?
In Maine, State Farm earns the top spot for life insurance with nationwide praise for its service, reasonable pricing, and quality term policies.
How do you get the best life insurance in Maine?
To find the best life insurance in Maine, start by evaluating your coverage needs, thoroughly research insurers' reputations and policies, and carefully compare quotes from multiple providers.
Do life insurance rates differ by state?
No, life insurance rates generally remain consistent across states, though policy features and rider options may be tailored to regional regulations and market demands.
How We Decided the Best Life Insurance in Maine
MoneyGeek created a scoring system to compare life insurance companies across five categories and ranked them based on their scores. We selected companies to review based on their broad national coverage and ability to provide an online quote.
MoneyGeek's Scoring System
In our unique scoring system, companies can earn up to five points in each of five categories. We then use these category scores to calculate an overall MoneyGeek score out of 100. We applied the following base weightings to score insurers:
- Affordability: 60%
- Financial Stability: 5%
- Buying Process: 5%
- Customer Satisfaction: 20%
- Product Diversity: 10%
Each company's score incorporates:
- Cost data obtained through online quotes
- Financial strength ratings from AM Best and the number of years in business
- Customer satisfaction data from the National Association of Insurance Commissioners (NAIC) customer complaint index (we reviewed annual complaint data from 2020 to 2022, the most recent year available)
- Availability of tools to aid in the buying process, such as online product materials and multiple payment options
- Diversity of life insurance products offered
Sample Customer Profile
MoneyGeek used a standard profile to obtain life insurance quotes in Maine:
- 40-year-old nonsmoker
- Average height and healthy weight
- Excellent health rating
We modified the profile by age, gender, height, weight, tobacco use, health rating and geographic location to collect a variety of quotes and determine the best life insurance company for several types of customers. We collected quotes for term life insurance with varying term lengths and coverage amounts, as well.
When necessary, we identified trends in the dataset and used those patterns to calculate projections and extend the data beyond what was originally collected.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark earned a master's degree in Economics and International Relations from Johns Hopkins University and a bachelor's degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.