Average homeowners insurance cost in Lewiston, ME

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In Lewiston, homeowners pay an average annual rate of $1,294 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $1,210 less than the national average of $2,504.

Homeowners insurance premiums can vary significantly from one property to another. In Lewiston, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Lewiston, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Lewiston.

Key takeaways

Homeowners insurance costs $1,294 per year in Lewiston.
At $646 per year, Vermont Mutual offers the cheapest homeowners insurance in Lewiston.
Your home insurance rates increase by $349 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Lewiston per month

Residents of Lewiston pay an average of $108 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $7 less than the state average of $115 and $101 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Lewiston may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Lewiston

The average cost of homeowners insurance in Lewiston, ME is $945 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Lewiston

According to Insure.com’s rate analysis, homeowners in Lewiston typically pay an average of $1,294 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $349. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Lewiston by Company

Among the carriers analyzed, Vermont Mutual is the cheapest homeowners insurance company in Lewiston. It’s average annual rate for Lewiston homeowners is $646. Auto-Owners ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $906.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Lewiston and prepared a list of the cheapest home insurance providers. You can find below the Lewiston home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Vermont Mutual	$646
Auto-Owners	$809
State Farm	$906
Chubb Ltd	$915
Allstate	$1,124
Frankenmuth Insurance	$1,261
Quincy Mutual	$1,345
MMG Insurance	$1,575
The Hanover	$2,082
Farmers	$2,272

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Lewiston for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.