Best Homeowners Insurance Companies in Maine (2026)
Travelers, Allstate, and Chubb are some of the best and most affordable home insurance companies in Maine.
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Written byDanny Smith
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Danny SmithInsurance Writer
Licensed auto and home insurance agent
4+ years in content creation and marketing
As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
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Edited byKatie Powers
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Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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Reviewed byJohn Leach
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John LeachLicensed P&C Agent, Chief Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
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Data reviewed byChase Gardner
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Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Table of contents
The average cost of home insurance in Maine is $1,355 per year for a standard home insurance policy with $300,000 in dwelling coverage, compared to the national average of $2,505 for the same policy, according to Insurify data.
With 3,500 miles of coastline, Maine has coastal flooding risks.[1] It’s important to keep in mind that standard home insurance doesn’t cover flood damage.
Here’s what else you should know about the best home insurance companies in Maine and why it’s important to compare home insurance quotes from multiple insurers.
Quick Facts
Travelers, Allstate, and Chubb are three of the best home insurers in Maine.
Travelers is the cheapest home insurance company in Maine, with an average monthly rate of $74.
If your home in Maine faces coastal flooding risks, you should consider buying a flood insurance policy from a private insurer or through the National Flood Insurance Program (NFIP).
Best home insurance companies in Maine
Homeowners in Maine have numerous quality home insurance companies, but some stand out above the rest. Keep in mind that these companies are the best for the average homeowner, so a different insurer may work better for you. The right company for you will depend on your home, your budget, and your specific insurance needs.
We chose five of the best home insurance companies in Maine for different kinds of homeowners to give you a starting point in your search. We considered factors such as cost, customer satisfaction, coverage options, claims process, home insurance discounts, and more.
Allstate: Best overall
AllstateCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A- |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $89/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $134/mo |
As one of the largest insurance companies in the country, Allstate has the ability to offer both affordability and a wide range of coverages. It offers all the standard home insurance coverages as well as flood and hurricane insurance. It’s an excellent all-around insurance company, offering affordable average rates in Maine.
Pros
Affordable rates
20% discount for claims-free switch
A+ (Superior) AM Best rating
Cons
More complaints than average on the National Association of Insurance Commissioners (NAIC) complaint index
Low customer review rating on Trustpilot
Below-average J.D. Power customer satisfaction rating
Travelers: Best for affordability
TravelersCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $74/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $119/mo |
Travelers is the best insurer for Maine homeowners in terms of affordability, with one of the lowest average monthly rates for home insurance. It offers all the standard coverages along with flood and water backup coverage. It’s a great choice for homeowners in Maine who want to save money without sacrificing coverage.
Pros
AM Best financial strength rating of A+ (Superior)
Mobile app allows for easy policy management
Cons
Quotes and claims filing not available online
Customer service not available on weekends
Chubb: Best for high-value homes
ChubbCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.8/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $100/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $162/mo |
Chubb is the best insurer for Maine homeowners with high-value homes, as it specializes in providing this coverage. It offers a wide variety of coverages, including flood and hurricane add-ons, as well as specialty coverages such as extended replacement cost, HomeScan, and risk consulting.
Pros
Below-average number of complaints on the NAIC complaint index
One of the highest J.D. Power customer satisfaction ratings
A++ (Superior) AM Best rating
Cons
Not as affordable as other insurers
Can’t get quotes online
Coverage isn’t as customizable
State Farm: Best for customer service
State FarmCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.2/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A++ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $106/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $143/mo |
State Farm is the top home insurance company in Maine when it comes to customer service. It has local insurance agents throughout the state to help provide you with personalized service. The company has consistently achieved high customer satisfaction ratings from both J.D. Power and the NAIC, demonstrating its ability to deliver excellent service.
Pros
Below-average number of complaints on the NAIC complaint index
High J.D. Power customer satisfaction rating
A+ (Superior) AM Best rating
Cons
Fewer discounts than some other companies
Low customer review rating on Trustpilot
Less affordable than some other insurers
Nationwide: Best for discounts
NationwideCompare personalized, real-time quotes
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.4/10 |
|---|---|
| A.M. Best A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor). | A+ |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $128/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $208/mo |
Nationwide is the best home insurance company in Maine for homeowners looking to take advantage of discounts. The insurer offers numerous ways for homeowners to save, including roof rating, home renovation credit, and protective device homeowners insurance discounts.
It’s also a reliable insurer, offering a range of coverages and consistently earning good customer satisfaction ratings.
Pros
Reasonable rates
Numerous discounts
A (Excellent) AM Best rating
Cons
More complaints than average on the NAIC complaint index
Low customer review rating on Trustpilot
Slightly below-average J.D. Power customer satisfaction rating
Our editorial team analyzed dozens of regional and national home insurance companies that sell policies in Maine to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance in Maine
Travelers is the cheapest home insurance company in Maine on average, but the cheapest insurer for you may be different. Take a look at the table below to see how rates vary by company.
Below, you can compare average annual premiums from several of the cheapest home insurance companies in Maine. The average premiums below reflect costs for a policy with $300,000 in dwelling coverage and a $1,000 deductible.
The below rates in Maine are estimated rates current as of: Tuesday, February 10 at 11:00 AM PST.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company  | Average Annual Premium |
|---|---|
| Travelers | $1,034 |
| Foremost | $1,216 |
| Allstate | $1,244 |
| Chubb | $1,397 |
| State Farm | $1,481 |
| Nationwide | $1,788 |
| Encompass | $2,319 |
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How much does homeowners insurance cost in Maine?
Homeowners insurance in Maine costs an average of $1,355 per month for a policy with a $300,000 dwelling limit.
But your home insurance rate will differ based on various risk factors, including the following:
Flood and hurricane risk
Insurance companies consider your home’s risk of flood and hurricane damage, often determined by proximity to the coast or other bodies of water.
Wildfire risk
Insurers consider your home’s risk of being caught in a wildfire, often determined by proximity to forests and past wildfire activity.
Home age and construction type
Older homes and those constructed with less durable materials often come with higher insurance costs.
Deductible choices
A higher deductible will help lower your premium, while a lower deductible will increase your premium.
Credit and claim history
Insurers consider both of these factors to determine your likelihood of filing a claim in the future.
Cheapest home insurance companies in Maine by dwelling coverage
Dwelling coverage, which protects your main home structure, is the most significant portion of a homeowners insurance policy. Take a look at how homeowners insurance rates vary by company and dwelling coverage amount below.
The below rates in Maine are estimated rates current as of: Tuesday, February 10 at 11:00 AM PST.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $727 |
| Foremost | $866 |
| Allstate | $908 |
| Chubb | $922 |
| State Farm | $1,160 |
| Nationwide | $1,216 |
| Encompass | $1,313 |
The below rates in Maine are estimated rates current as of: Tuesday, February 10 at 11:00 AM PST.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $1,034 |
| Foremost | $1,216 |
| Allstate | $1,244 |
| Chubb | $1,397 |
| State Farm | $1,481 |
| Nationwide | $1,788 |
| Encompass | $2,319 |
The below rates in Maine are estimated rates current as of: Tuesday, February 10 at 11:00 AM PST.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $1,663 |
| Allstate | $1,872 |
| Foremost | $1,998 |
| State Farm | $1,998 |
| Chubb | $2,264 |
| Nationwide | $2,906 |
| Encompass | $4,248 |
The below rates in Maine are estimated rates current as of: Tuesday, February 10 at 11:00 AM PST.
Data reviewed by Chase Gardner
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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Insurance Company | Average Annual Premium |
|---|---|
| Travelers | $2,473 |
| State Farm | $2,599 |
| Allstate | $2,599 |
| Foremost | $3,214 |
| Chubb | $3,381 |
| Nationwide | $4,737 |
| Encompass | $6,665 |
Maine homeowners insurance cost by city
Homeowners insurance costs vary in Maine by city and ZIP code. Each area comes with different risk factors, including weather, vandalism, burglary, property damage, and proximity to a fire station.
On average, Portland homeowners pay $1,104 annually for a policy with $300,000 in dwelling coverage and a $1,000 deductible. Insurify doesn’t have available rate data for other cities in Maine, but homes closer to the coast will likely face higher home insurance costs than homes further inland.
What homeowners should know about insurance in Maine
Homeowners in Maine should be aware of the state’s unique climate and geography, as well as how these factors affect their insurance needs.
Maine has 3,500 miles of coastline, which means that many homes along this coastline are at risk of coastal flooding. Maine homeowners should also be aware of the risks posed by winter weather and remnants of hurricanes and tropical storms.
Flooding
Flooding is the most common risk homeowners in Maine should be aware of, with roughly 33,000 structures at risk of flooding in the state.[2] Unfortunately, a standard home insurance policy won’t cover flood damage, so you’ll need to purchase a separate flood insurance policy. You can purchase one through private insurers or through the NFIP.
Winter weather
As one of the northernmost states in the country, Maine experiences significant winter weather each year, including heavy snow, ice storms, and freezing temperatures.
Standard home insurance covers many associated risks, but it typically won’t cover sewer backups caused by snowmelt or flooding from an overflowing river. You can purchase endorsements or flood coverage to protect against these risks.
Hurricanes and tropical storms
While Maine doesn’t take the brunt of hurricanes or tropical storms, it can experience some of the remnants of these storms, such as heavy winds and storm surge.
Most home policies cover wind damage, but if a named storm causes wind damage, you may need a hurricane endorsement. Likewise, standard home insurance won’t cover water damage from flooding, so you’ll need to consider flood insurance.
How much homeowners insurance do you need in Maine?
Though Maine state law doesn’t require you to have home insurance, it’s a smart idea to purchase it. If you have a mortgage, your mortgage company will likely require you to have it.
Before buying a policy, make sure you understand exactly what your home insurance covers. The amount of coverage you need will depend on your home and situation.
For example, you should set your dwelling coverage limit high enough to cover the cost of repairing or replacing your home in the event of a covered loss. You can calculate the correct amount by considering your home’s square footage and local construction costs.
Similarly, you can make a home inventory to determine the value of your belongings and decide how much personal property coverage you need.
The Insurance Information Institute recommends purchasing between $300,000 and $500,000 of personal liability coverage. Most home policies include a minimum liability policy limit of $100,000.[3]
You may also decide you want to purchase additional flood insurance if you live in a coastal area, since standard home insurance doesn’t cover flooding.
How to contact the Maine Bureau of Insurance
The Maine Bureau of Insurance regulates the insurance industry in Maine to protect Maine homeowners. You can turn to the Maine Bureau of Insurance for help and information regarding disaster preparation, questions about storm damage and flooding, and other information regarding Maine home insurance.
You can get in touch with the Maine Bureau of Insurance in the following ways:[4]
How to Contact | Contact Information |
|---|---|
| Online | https://www.maine.gov/pfr/insurance/home |
| Phone | 1 (207) 624-8475 or 1 (900) 300-5000 |
| [email protected] | |
| Fax | 1 (207) 624-8599 |
| Mailing address | #34 State House Station, Augusta, ME 04333-0034 |
Maine homeowners insurance FAQs
The following information can help answer your remaining questions about finding the best homeowners insurance in Maine.
How much is home insurance in Maine?
The average annual cost of home insurance in Maine is $1,355 for a standard home insurance policy with $300,000 in dwelling coverage and a $1,000 deductible, according to Insurify data.
Which company has the cheapest homeowners insurance in Maine?
Travelers has the cheapest homeowners insurance in Maine, with an average monthly rate of $74.
Does Maine require homeowners insurance?
No. Maine doesn’t legally require homeowners insurance. But if you have a mortgage, your lender will almost certainly require it to protect its investment. Additionally, you may need to carry flood insurance coverage if you live in a flood-prone area and your lender requires it.
How can you lower your home insurance premiums in Maine?
You can lower your home insurance premiums in Maine by increasing your deductible, bundling with your auto insurance, and reducing unnecessary coverage. You can also potentially save by improving your home’s security, keeping a good credit score, and comparing quotes from multiple insurers.
What is the best homeowners insurance company in Maine?
Travelers, Allstate, and Chubb stand out as top home insurers in Maine for affordability and reliability. But these insurers might not be the right choice for you, so it’s always important to compare quotes from at least three insurance companies before buying a policy.
How much should homeowners insurance be on a $400,000 house?
Homeowners insurance coverage for a $400,000 house costs an average of $3,178 per year in the U.S. The average annual cost for the same amount of coverage in Maine is $1,788 per month. Ultimately, rates vary widely based on numerous factors, including your home’s size, risk factors, chosen coverage limits, and more.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
- Dwelling coverage: $300,000
- Deductible: $1,000
- Personal property limit: $25,000
- Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
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Sources
- Maine.gov. "Facts About Maine."
- Maine Department of Agriculture, Conservation and Forestry. "Maine Floodplain Management Program."
- Insurance Information Institute. "How much homeowners insurance do I need?."
- Maine Bureau of Insurance. "Contact Us."
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Danny SmithInsurance Writer
Danny is a Brooklyn-based writer with a producer’s license for property and casualty insurance. A former editor at Insurify, he specializes in auto, home, and pet insurance. He works to translate his insurance expertise into digestible, easy-to-understand content for drivers, homeowners, and pet owners alike.
Danny has been a contributor at Insurify since March 2022.
Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Featured in
John LeachLicensed P&C Agent, Chief Copy Editor
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
Featured in
Chase GardnerData Insights Manager
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
Featured in