Maine Homeowners Insurance (April 2026)

Are you looking for affordable home insurance quotes in Maine? We have reviewed all the homeowners insurers in the state to give you the best rates!

Maine homeowners insurance: What you need to know

On average, Maine home insurance costs around $945 yearly, which is lower than the national average rate. 

Maine’s rainy and foggy climate can be challenging if your property is exposed to the elements, allowing mold and mildew to grow. Despite these unfavorable conditions, the rate of homeowners in Maine is significantly lower compared to many other states. So, are you looking for the best homeowners insurance in Maine? We have you covered!

What does a homeowners insurance policy cover?

Generally, a home insurance policy covers these – Personal property, Liability, Other Structures, Dwelling, Medical Payments to Others, and Additional Living Expenses. Also, you can buy these extra coverages in the state.

• Flood insurance: Most natural disasters in the country involve flooding; thus, it is a coverage worth considering. You will need a separate, dedicated flood insurance policy to protect your home and belongings from flood damage.
• Water backup coverage: Water backup occurs when a sump pump cannot keep up with heavy rainfall and water backs up into a basement. However, backup damage can occur from water backing up in any drain or sewage system. This coverage is available as an endorsement of your policy.
• Wildfire coverage: If you own a property in Maine, you should check to see if your policy covers wildfire damage. If this is not the case, you may need to buy coverage or a different policy.
• Identity theft coverage: Some insurers include identity theft coverage, which helps you with civil judgments, criminal charges, audits, or hearings linked to fraud performed by the ‘impostor,’ as well as resolution services to regain your identity and restore credit.
• Replacement cost coverage: It ensures that you get compensation for the cost of replacing your damaged or destroyed home or belongings rather than the depreciated value. Not all homeowners offer this coverage. But this coverage offers you financial protection to replace your home and possessions, such as furniture, electronics, clothing, jewelry, and artwork.

What isn’t covered by a typical homeowners insurance policy?

Home insurance policies typically don’t cover flooding, earthquakes, power outages, nuclear threats, insect and vermin infestations, wear and tear, sinkholes, war, or intentional loss. You must thoroughly check your policy to ensure the coverages you get.

The cheapest home insurance companies in Maine

With a yearly average rate of $490, MetLife offers the cheapest homeowners insurance in Maine. Liberty Mutual offers the next best home insurance in Maine with an average annual rate of $542. Getting quotes from multiple insurers and comparing them is the best way to find an even cheaper home insurance policy.

The best homeowners insurance in Maine for those with poor credit

Your home insurance premiums may rise if you fall behind on your rent or auto payments. Insurers view low credit scores as an indicator of risky behavior and an increased likelihood of filing an insurance claim. Vermont Mutual has the cheapest homeowners insurance rates in Maine for a homeowner with bad credit, with an average rate of $926 per year. Meanwhile, The Hanover has the highest yearly rate, with $4,539.

The best homeowners insurance in Maine for pool owners

Many home insurance companies consider swimming pools a risk as there are chances of claims. So having would result in higher premiums. Vermont Mutual has the cheapest Maine home insurance rates for homes with a swimming pool, with an average rate of $529 per year. At the same time, The Hanover has the most average annual rate with $2,100 yearly.

The best homeowners insurance in Maine for dog owners

Some insurers consider certain dog breeds ‘dangerous.’ So, be ready to pay higher home insurance premiums if you own a breed that they consider dangerous. Vermont Mutual has the cheapest rate for homeowners insurance in Maine for a house with a dangerous dog breed, with an annual average rate of $529. In contrast, The Hanover has the highest yearly rate.

Homeowners insurance deductibles in Maine

When purchasing home insurance in Maine, one of the numerous options is deciding how high or low to set the deductible. The deductible is the total amount you pay toward a covered loss. How you set your homeowners deductible directly impacts the overall cost of your coverage. So, the lower your deductible, the higher your premium.

Consider a greater deductible if you want to get lower premiums. These are the typical deductibles offered by insurers and an estimate of standard home insurance premiums.

Maine home insurance prices by coverage levels

The homeowners coverage level you select affects the premiums you pay. In Maine, having $100,000 in home coverage costs an average of $462 per year, while carrying $400,000 in home coverage costs $1,341 per year.

Maine homeowners insurance costs by city

The area where you live affects the Maine home insurance rates. Factors like your ZIP Code and crime rate can significantly lower or increase homeowners insurance rates. The following are the rates in various cities.

Home and auto insurance bundling in Maine

What is another way to find an affordable home insurance policy in Maine? It is by bundling your auto insurance and homeowners insurance policies.

Home insurance discounts in Maine

Using the discounts provided by your home insurance company is another way by which you can buy a cheap Maine home insurance policy.

Comparing common features across top companies

It’s always difficult to find the best homeowners insurance in Maine. Before buying a policy, check whether it offers the following features.

Common causes of home insurance claims in Maine

Rain, blizzards, severe winds, and wildfires are possible in many areas of Maine. Homeowners in Maine should be aware of the following common home insurance claims.

• Wind damage: Destructive winds might hit your home because of the state’s northern location near the coast. It can damage your home’s windows, roof, siding, and soffits. Typically a standard policy will cover the wind damage, but you should double-check with your insurer.
• Flooding: Flooding is a big issue due to the state’s proximity to the ocean. Floods occur at any time of year in almost any part of Maine and damage your belongings. Even if you don't reside in a flood zone, purchasing flood insurance will be a safe option to protect your home and belongings.
• Water backup: Because of frequent rain and snow, water backup can happen in your home often. The coverage is part of your sewer backup and overflow protection. For a small extra fee, most insurers offer sewage backup and overflow coverage as an endorsement to your standard homeowners insurance.
• Wildfires: These are becoming increasingly common in Maine and adjacent states, and they can destroy your house and property. The coverage normally comes under a standard home insurance policy. Still, you should check with your agent or insurer to see if you need to add it as an endorsement to your policy.

Does homeowners insurance cover flooding in Maine?

A typical home insurance policy does not cover flood damage. So you must buy flood insurance via the National Flood Insurance Program (NFIP) of FEMA or a private insurer to safeguard your house and belongings against flood damage. The coverage varies based on the private flood insurers. However, flood insurance from NFIP flood insurance provides the following coverage.

• Your home’s structure - $250,000
• Personal property - $100,000

Does homeowners insurance cover radon gas in Maine?

A home insurance policy covers unexpected risks. Although long-term radon gas exposure may be hazardous, it occurs naturally and does not result from an accident.

Does homeowners insurance cover snow and ice damage in Maine?

Most home insurance policies cover damage caused by snowfall. Your policy includes coverage for snow weight. For instance, if a snowstorm dumps several feet of snow on your window or roof, causing it to collapse, your policy should cover it. Some plans cover ice damage, such as frozen or burst pipes or damages caused by falling ice.

Factors that affect home insurance rates in Maine

Do you want to buy the cheapest home insurance in Massachusetts? Then check for these factors before buying one.

• Your location: Factors such as your ZIP Code and the area’s theft rate influence the cost of homeowners insurance in Maine.
• Replacement cost: The cost of Maine home insurance varies depending on local labor and the cost of building materials.
• Age/condition: Newer homes are cheap to insure than older ones.
• Claims history: If you file claims regularly, insurers will consider you a risk. So, expect the insurance premiums to go high.
• Credit history: Most insurers will check your credit score before providing you with a home insurance policy. If your credit score is low, you should expect to pay more for homeowners insurance in Maine.
• Dog breed: Many insurers classify some dog breeds as ‘dangerous.’ If your insurer regards your dog as ‘dangerous,’ the cost of Maine home insurance will increase.

Tips for buying homeowners insurance

Are you looking for the ideal Maine home insurance policy? Then follow these tips!

• Assess your rebuilding costs: Talk with a reputed builder or an insurance agent to check how much it would cost to reconstruct your house with inexpensive building materials and local labor.
• Review the advantage of replacement cost over actual cash value: You may need to purchase replacement cost insurance for your home and other belongings.
• Consider add-on coverage for your expensive items: You will require personal property coverage if you own expensive objects such as high-end electronics, sporting equipment, musical instruments, or antiques.
• Evaluate your liability coverage needs: Determine the required minimum liability insurance limit.
• Assess coverage gaps: Many insurers offer increased coverage limits for landscape features such as trees and bushes.
• Check financial ratings: All home insurers can obtain ratings from organizations such as AM Best and Standard & Poor’s. Some companies, for example, will not allow you to apply for a mortgage if your insurer does not have a minimum ‘A’ financial strength rating.
• Check for discounts: Use your insurer’s discounts if you qualify.
• Compare quotes from various insurance companies: The cost of homeowners insurance in Maine varies based on the insurer. You must compare quotes from many insurers to find the best home insurance coverage in Maine.

Most common disasters in Maine

Snow, floods, and severe storms are the major disasters that the state faces.

Disasters by month

According to FEMA, March and May have been the busiest for declared disasters in Maine.

Disasters by year

According to FEMA, on average, the residents deal with two natural disasters yearly. 2005 was the busiest year, with six declared disasters.

How to get Maine home insurance with Way.com

Maine home insurance costs around $945 yearly. But you may be able to find homeowners insurance with even lower rates. How can you get one? That’s where Way.com can help you!

use our website or app to find quotes from all insurers in the state. Then you must compare the quotes and buy a homeowners insurance policy with the cheapest rate. Do you need further help? Then our insurance agents in the state can help you. They will help you understand Maine home insurance laws, the most complex insurance terms, coverages, and discounts. So, contact agents if you want to buy the best home insurance in Maine.