Average homeowners insurance cost in Maine

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The average cost of home insurance in Maine is $1,375 per year for a standard policy.

Your premium is shaped by the dwelling coverage limit you select and the level of protection you need. Broader coverage generally means a higher cost. Higher coverage means higher premiums. Vermont Mutual stands out for its more affordable rates in the state, offering solid value as you weigh different levels of coverage.

Compare quotes from multiple insurers and ask each one what discounts they offer. Premiums can differ significantly from company to company because they weigh things like where your home is located, how old it is, what it’s built from, the shape your roof is in, and your past claims. Pulling several quotes tied to your specific address is the surest way to spot the best value.

Key Takeaways

Based on our data, homeowners insurance in Maine costs an average of $1,375 per year.
Among all ZIP codes in Maine, 4851 has the most affordable rates, averaging around $1,226 annually.
For the lowest insurer rates in Maine, Vermont Mutual comes in at an average annual premium of $645.

What is the average cost of homeowners insurance in Maine?

The average homeowners insurance premium in Maine is $1,375 per year. That figure is based on a policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

How much is home insurance in Maine? Cost by coverage level

The typical homeowners insurance policy in Maine runs $1,375 per year, assuming $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible.

Stepping up to $400,000 in dwelling coverage, with the same liability and deductible settings, brings the average annual cost to $1,724 in Maine.

The table below shows average homeowners insurance costs in Maine for dwelling coverage from $200,000 to $1 million.

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

Average home insurance cost in Maine by insurer

Vermont Mutual has the lowest average homeowners insurance premiums in Maine at $645 per year. Auto-Owners and State Farm also offer competitive rates worth comparing.

Taking the time to shop around can save you a significant amount each year.

The table below shows average annual and monthly rates from insurers in Maine, based on $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Vermont Mutual	$645	$54
Auto-Owners	$831	$69
State Farm	$995	$83
Allstate	$1,002	$83
Chubb	$1,070	$89
Quincy Mutual	$1,300	$108
Frankenmuth Insurance	$1,313	$109
MMG Insurance	$1,478	$123
Farmers	$2,237	$186
The Hanover	$2,876	$240

How to lower your home insurance rate

Shop around. A single quote won’t tell you much. Comparing rates from three or four different insurers in Maine is the surest way to find a competitive price.
Bundle your policies. Pairing home and auto insurance, or renters and auto, with the same provider is a straightforward way to qualify for multi-policy discounts.
Ask about smart home discounts. Home security systems, smoke detectors, and leak detection devices are upgrades that many insurers reward with lower premiums.
Check for other savings. It’s worth asking your insurer about loyalty discounts, claims-free incentives, and credits for improvements like fire-resistant roofing materials.

How does your ZIP code affect home insurance rates in Maine?

Where you live plays a major role in what you pay for home insurance. Your ZIP code signals the level of risk in your area, so places prone to crime, natural disasters, or costly rebuilds tend to come with higher premiums.

Here’s a look at the most and least affordable ZIP codes for home insurance across Maine.

Most affordable ZIP codes for home insurance rates in Maine

The most affordable rates are in 4851, where homeowners pay $1,226 per year on average.

Not every area in Maine has the same home insurance cost. How much you pay for homeowners insurance in Maine depends on many factors, including your ZIP code.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Maine.

ZIP code	Average annual rate	Average monthly rate
4851	$1,226	$102
4847	$1,230	$102
4417	$1,236	$103
4855	$1,245	$104
4853	$1,248	$104
4657	$1,250	$104
4106	$1,254	$105
4418	$1,257	$105
4092	$1,260	$105
4422	$1,261	$105

Most expensive ZIP codes for home insurance in Maine

4929 carries the highest average home insurance rates in Maine, at $1,613 per year.

ZIP codes with higher premiums typically reflect a combination of elevated crime, greater natural disaster exposure, and higher local costs of living and construction.

Below are average rates for some of the most expensive ZIP codes in Maine.

ZIP code	Average annual rate	Average monthly rate
4929	$1,613	$134
4924	$1,607	$134
4923	$1,582	$132
4478	$1,576	$131
4985	$1,561	$130
4925	$1,559	$130
4956	$1,555	$130
4668	$1,553	$129
4406	$1,548	$129
4961	$1,542	$129

Home 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 city

See rates in your city

Bangor

What are the best homeowners insurance companies in Maine?

Our data points to Vermont Mutual as the best overall pick in Maine, thanks to its AM Best rating of A+ and one of the lowest NAIC complaint scores in the state.

We ranked insurers using two measures that matter most when you’re counting on coverage:

AM Best Ratings reflect financial strength-essentially, how confidently a company can cover claims.
NAIC Complaint Scores track complaints in proportion to a company’s size, so a lower number means fewer headaches for policyholders.

Combined, they offer a clear read on whether an insurer is both financially sound and easy to deal with. In the table below, you’ll find the top companies in Maine compared by annual premium, financial rating, and complaint history.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Vermont Mutual	$645	A+	0.07	5
Auto-Owners	$831	A++	0.33	4.96
State Farm	$995	A++	0.95	4.84
Chubb	$1,070	A++	0.18	4.83
Allstate	$1,002	A+	0.9	4.76
MMG Insurance	$1,478	A	0.61	4.43
Frankenmuth Insurance	$1,313	B++	0.03	4.4
Quincy Mutual	$1,300	B++	0.24	4.4
Farmers	$2,237	A	0.54	4.01
The Hanover	$2,876	A	0.5	3.66

How to understand insurer ratings and complaint data

A good insurer answers two questions well: Can it pay your claim, and does it keep its customers happy? Independent rating agencies measure both, giving you an evidence-based way to compare your options.

The two ratings referenced here:

AM Best, which assesses an insurer’s financial strength and capacity to pay claims. Higher ratings indicate greater financial stability.
NAIC Complaint Index, compiled by the National Association of Insurance Commissioners from consumer complaint data. The baseline is 1.00 – a lower score means fewer complaints than expected for the insurer’s size, and a higher score means more.

What factors affect your home insurance rate?

Home insurance is priced according to the risk an insurer associates with your property and personal profile. The factors that carry the most weight include:

Where you live. Crime levels, weather-related risks, and local claims activity all factor into your rate.
Your claims history. Having filed claims in the past generally leads to a higher premium going forward.
Your credit-based insurance score. Most states allow insurers to use credit as a pricing factor. A lower score can result in a higher rate, though states such as California and Massachusetts have restrictions on this practice.
Your coverage limits and deductible. Choosing higher coverage or a lower deductible will increase your annual cost.

Home insurance costs have also been rising nationally. S&P Global Market Intelligence’s RateWatch application found that premiums for owner-occupied homes increased by more than 11% in 2023.

Resources & methodology

Source

S&P Global. US homeowners insurance rates jump by double digits in 2023. Accessed June 2026.

Methodology

Insure.com worked with Quadrant Information Services 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 deductible

We 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.

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.