Home Home insurance Average home insurance cost Maine Bangor, ME Average homeowners insurance cost in Bangor, ME The average annual cost for homeowners insurance in Bangor is $1,308 for $300,000 in dwelling coverage, $100,000 in liability protection and a $1,000 deductible. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: April 10, 2025 Why you can trust Insure.com Quality Verified At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. The average cost of homeowners insurance in Bangor is $1,308 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 $1,196 less than the national average of $2,504. However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Bangor 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 Bangor, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Bangor. In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Bangor. Key Takeaways The average cost of homeowners insurance in Bangor is $1,308 per year. Vermont Mutual is the cheapest homeowners insurance company in Bangor 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 $351 more a year for home insurance. Average homeowners insurance cost in Bangor per month According to Insure.com’s rate analysis, residents of Bangor pay an average of $109 per month for homeowners insurance. This is $6 less than the state average of $115 and $100 less than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Bangor can vary depending on your location, property value, and selected coverage options. Average homeowners insurance cost for a $200,000 house in Bangor In Bangor, ME, homeowners pay an average of $957 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area. Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance. Average homeowners insurance cost for a $300,000 house in Bangor According to a rate analysis by Insure.com, homeowners in Bangor pay an average of $1,308 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 $351 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 Bangor by company After evaluating several carriers, Vermont Mutual is the least expensive homeowners insurance provider in Bangor. It’s average annual rate for homeowners in Bangor is $646, while Auto-Owners holds the second position. Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Bangor and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Bangor and their average annual premiums. Home Insurance Company Annual rate Vermont Mutual$646Auto-Owners$811Chubb Ltd$915State Farm$996Allstate$1,124Frankenmuth Insurance$1,162Quincy Mutual$1,298MMG Insurance$1,575Farmers$2,272The Hanover$2,283 How home insurance protects you against natural disasters Home insurance helps protect your property and belongings from the financial impact of natural disasters. While standard policies generally cover damages from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires. These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if your home becomes uninhabitable. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters. Methodology Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Bangor for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible. The data presented are those with a good credit tier alignment. Shivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. In case you missed it What is HO-6 condo insurance and how much does it cost? Average homeowners insurance cost by ZIP code in 2025 What is dwelling coverage and how much do you need? Personal liability insurance: What it is and why you need it Hurricanes and home insurance: How hurricane insurance works How replacement cost coverage works when you file a claim How much do claims increase home insurance rates? Mobile home insurance cost and coverage in 2025 Homeowners insurance basics Home Insurance Advisor Cheapest homeowners insurance in 2025 How much flood insurance do I need? 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By Nupur Gambhir State Farm home and auto bundle insurance in 2025 By Jessica Olson On this page Average homeowners insurance cost in Bangor per monthAverage homeowners insurance cost for a $200,000 house in BangorAverage homeowners insurance cost for a $300,000 house in BangorAverage homeowners insurance cost in Bangor by companyHow home insurance protects you against natural disastersMethodology ZIP Code Please enter valid ZIP See rates (844)-761-9316