Maine Homeowners Insurance Quotes (2022)

According to 2021 rates, the average cost of homeowners insurance in Maine is $760 per year and $63 per month. Maine homeowners insurance rates are $638 per year less then the national average and about 46% less annually. When compared to the other US states that makes the cost of homeowners insurance in Maine the 45th most expensive in the country, based on 2021 data.

For shoppers, the best way to find a homeowners insurance policy in Maine is to evaluate all of the quotes from individual insurance providers and then decide on the policy that fits your requirements and budget level. Fortunately finding the right homeowners insurance coverage is easy with a tool like Insurify.

Insurify provides easy and fast home insurance quote comparisons for all kinds of homeowners nationwide. Insurify has helped thousands of customers receive accurate homeowners quotes for your property in Maine in minutes.

For homeowners in Maine, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies will allow you to get the best possible insurance rate for your home.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in Maine. The following are the best insurance rates from carriers that offer homeowners insurance in Maine.

Buying a home may be one of the largest financial investments of your lifetime. With investment, inevitably, comes risk. One of the most important ways Maine homeowners can protect their investment is through homeowners insurance.

Homeowners insurance protects not only your home but also your personal belongings and any attached structures, like your garage or deck. When unexpected damages happen from a risk covered by the policy, homeowners insurance will help you pay for the repairs.

Keep reading for a full guide on Maine home insurance.

Homeowners insurance rates aren’t always designed with savings in mind. That’s where Insurify comes in.

As of 2021, the average home insurance premium in Maine costs $1,179 annually, and the median home value is $249,550.

That’s a lot of money. How can you be expected to pay all of these costs (vital as they are) and still provide for you and your family?

You can rely on Insurify to help you find cheap home insurance to stretch your dollar and your budget.

Average prices for standard homeowners insurance for a 7-15 year old home, $200,000 in coverage

Like property costs, home insurance varies in price from city to city. Pricing is determined on ZIP code–specific variables, such as the volume of claims filed nearby, crime rates, and property costs, and risk variables, such as natural disaster frequency. Even your specific neighborhood may determine if you pay more or less on your annual premiums.

Rates in Maine can be relatively high or low compared to the national average; it all depends on which town you live in. Here are the most and least expensive Maine ZIP codes in which to insure a home.

There are several types of home insurance. Specific terms of insurance policies may vary by state, but in general, the standard policy types are as follows:

Homeowners insurance isn’t just about protecting the structure of your home. Your personal belongings can be damaged or stolen, and you need the proper insurance coverage to replace those important personal items. Your Maine homeowners policy will pay for your personal items lost from a covered peril. Depending on your insurance company and coverage options, you can be paid actual cash value (ACV) or replacement cost for your personal property. If you have very valuable items, such as jewelry, furs, or antiques, you may want to schedule those items on the homeowners policy to make sure you are covered against any losses.

The price increase in the cost of living is evident in everyday life. You can see it when you go buy groceries and do a double-take at how much the prices have gone up. The same thing is true about building materials for homes. You can choose a homeowners policy that will pay either actual cash value (ACV) or replacement cost to rebuild your home and replace your personal items after a loss. What’s the difference? There is a huge difference: actual cash value pays for the depreciated value of your home or belongings, whereas replacement cost coverage will rebuild your home and replace your items at today’s value. It could be a little more expensive to have replacement cost coverage but may be well worth it in the long run. If you want to find a home insurer that will handle your claim as quickly as possible, you can use Insurify to find the best home insurance companies for your claims service.

Unique elements of your home may affect homeowners insurance prices. Check out these quotes for some special situations that may impact your home insurance in Maine.

If your home is within a certain distance from a fire department or fire hydrant your rates may decrease. The same applies for the opposite. If your home is far from fire safety, you may pay more for homeowners insurance.

Beachside living is wonderful. But the risk a nearby coastline may present to your home could end up increasing your home insurnace rates. The closer you are to the shore, the more at risk your property is to flooding. This will be reflected in your homeowners insurance rate.