The Best Home Insurance Companies in Maine in 2026
State Farm and Liberty Mutual are two of our top picks for home insurance in Maine.
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Written byJessica Martel
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Jessica MartelPersonal Finance Writer
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.
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Edited byNick Versaw
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Nick VersawSenior Managing Editor
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
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Reviewed byJohn Leach
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John LeachLicensed P&C Insurance Agent and Expert Reviewer
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John Leach is a licensed insurance agent who reviews and fact-checks articles for Compare.com. John has several years of experience reviewing and editing various insurance topics, and he also holds a valid personal lines producer license from the California Department of Insurance (NPN #20461358).
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In This Article
Maine homeowners pay an average of $101 per month for a home insurance policy with $300,000 in dwelling coverage, according to Compare.com data. Your rates can vary based on factors such as the age and location of your home and the insurer you choose.
If you live on the coast or in an area that backs onto the forest, you may pay higher rates due to an increased risk of flooding or wildfires. Travelers offers the lowest homeowner premiums in Maine, with an average monthly rate of $78 for $300,000 in dwelling coverage.
Here we give you the information you need to compare some of the top home insurance companies in Maine.
Key Takeaways
State Farm, Chubb, and Liberty Mutual are some of the best home insurers in Maine.
Maine’s homeowner insurance rates are among the lowest in the country.
With more than 5,299 miles of coastline and 17.5 million acres of woodlands, flooding and wildfires are some of Maine’s top insurance risks.
Our Picks for Maine’s Best Home Insurance Companies
If you’re in the market for home insurance in Maine, you have plenty of insurers to choose from. The best home insurance company will depend on your location, budget, and personal situation.
To help narrow your search, we’ve picked some of the top insurance companies in Maine based on a combination of average rates, available discounts, customer reviews, and home insurance coverage options.
Company  | Compare.com Rating | Average Monthly Premium |
|---|---|---|
| State Farm | 4.4/5 | $110 |
| Chubb | 4.2/5 | $104 |
| Vermont Mutual | Not rated | No data available |
| Travelers | 4.0/5 | $78 |
| Nationwide | 4.3/5 | $133 |
Best for first-time homebuyers
State Farm
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| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1/5 |
|---|---|
| AM Best AM 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. | $110/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. | $149/mo |
State Farm offers a range of comprehensive coverages, making it easy for first-time homebuyers in Maine to find what they’re looking for. To help you save, State Farm offers a generous bundling discount, plus home security and roofing discounts. With access to local insurance agents, you can get all the support you need.
Pros
Above-average customer satisfaction rating
Superior (A+) Financial Strength Rating (FSR)
Cons
Low Trustpilot rating
Below-average claims satisfaction
Best for high-value homes
Chubb
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| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 3.9/5 |
|---|---|
| AM Best AM 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. | $104/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. | $169/mo |
With extended replacement cost coverage, Chubb is a great choice for high-value homeowners in Maine. Chubb will cover the cost to restore your home to its original condition, even if it exceeds your original policy limits.
If you’re looking for top-of-the-line customer service, Chubb ranks first for customer claims satisfaction and second for overall customer satisfaction according to J.D. Power.
Pros
Above-average customer satisfaction rating
Superior (A++) FSR
Cons
No online quotes
Limited customization
Vermont Mutual: Best for personalized coverage
Pros
Access to local agents
Awareness of local risks
Cons
No online quotes
No mobile app
As a regional company that operates in the Northeast, Vermont Mutual is an insurer that understands Maine’s local risks. Vermont Mutual provides access to local agents who offer several endorsements, including debris removal, jewelry theft, and water backup, to help you personalize your coverage.
Best for green homes
Travelers
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| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 3.9/5 |
|---|---|
| AM Best AM 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. | $78/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. | $124/mo |
Travelers offers several optional coverages to help you personalize your policy, including green home coverage. If you’ve invested the time and money to install green materials, Travelers provides additional protection to cover the costs to repair, replace, or rebuild with the same materials after a covered loss.
You can also save up to 5% off your policy if your home is certified as a “green home” by the Leadership Energy and Environmental Design (LEED) organization.
Pros
Superior (A++) FSR
Discounts for green homes
Cons
Below-average customer satisfaction
Low Trustpilot score
Best for homeowners in gated communities
Nationwide
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| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.2/5 |
|---|---|
| AM Best AM 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. | $133/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. | $217/mo |
If you live in one of Maine’s gated communities, you may qualify for a discount with Nationwide. The company offers a discount to homeowners who live in communities where all the vehicle entrances are locked or protected by security guards.
You also have opportunities to save with bundling, claims-free, and protective device discounts. If you want extra protection, Nationwide provides earthquake, flood, and water-backup coverages.
Pros
Above-average customer claims satisfaction
Wide variety of discounts
Cons
Below-average customer satisfaction rating
No mobile home coverage
The Cheapest Home Insurance Companies in Maine
Maine homeowners insurance rates can vary between companies, as different insurers calculate risk using their own formulas. This is why it’s important to compare home insurance quotes from multiple companies to find the best deal.
The following table shows some of the cheapest home insurance companies in Maine for $300,000 in dwelling coverage, according to Compare.com data.
The below rates in Maine are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $936 |
| Foremost | $1,092 |
| Allstate | $1,116 |
| Chubb | $1,248 |
| State Farm | $1,320 |
| Nationwide | $1,596 |
| Encompass | $2,076 |
Find Cheap Home Insurance in Maine
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Average Cost of Homeowners Insurance in Maine
The amount of coverage you choose affects how much you pay for a homeowners insurance policy. Opting for higher coverage limits will typically result in higher premiums since your insurer is taking on more risk.
Including add-on coverages — like sewer backup, scheduled personal property, or identity theft restoration — will increase your premiums.
When determining your home insurance needs, you should base your coverage on the cost of rebuilding your home instead of its purchase price.
The tables below shows the average home insurance rates for various levels of dwelling coverage in Maine, according to Compare.com data.
The below rates in Maine are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $648 |
| Foremost | $780 |
| Allstate | $816 |
| Chubb | $828 |
| State Farm | $1,044 |
| Nationwide | $1,092 |
| Encompass | $1,164 |
The below rates in Maine are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $936 |
| Foremost | $1,092 |
| Allstate | $1,116 |
| Chubb | $1,248 |
| State Farm | $1,320 |
| Nationwide | $1,596 |
| Encompass | $2,076 |
The below rates in Maine are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $1,212 |
| Foremost | $1,380 |
| Allstate | $1,392 |
| State Farm | $1,596 |
| Chubb | $1,680 |
| Nationwide | $2,100 |
| Encompass | $2,988 |
The below rates in Maine are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $1,488 |
| Allstate | $1,668 |
| Foremost | $1,788 |
| State Farm | $1,788 |
| Chubb | $2,028 |
| Nationwide | $2,604 |
| Encompass | $3,792 |
The below rates in Maine are estimated rates current as of: Monday, March 9 at 12:00 PM PDT.
Company | Average Yearly Premium |
|---|---|
| Travelers | $2,208 |
| State Farm | $2,328 |
| Allstate | $2,328 |
| Foremost | $2,880 |
| Chubb | $3,024 |
| Nationwide | $4,236 |
| Encompass | $5,964 |
Home insurance premiums can vary widely between cities and even different ZIP codes within the same city. Different locations have varying levels of risk based on exposure to natural disasters, crime rates, and proximity to a fire station.
The table below outlines the average yearly premiums for different cities in Maine, according to Compare.com data.
CityAverage Yearly PremiumPortland $1,140
Common Home Insurance Risks in Maine
While Maine’s homeowner insurance rates are among the lowest in the country, homeowners still have risks to be aware of.
Winter storms
The entire state of Maine is at risk of severe winter storms, which often include heavy snowfall, high winds, freezing rain, or ice storms.[1] Coastal locations are also vulnerable to tide surges and flooding when there are high winds.
While a standard homeowners policy typically covers storm damage, including wind, you might have to pay a windstorm deductible that’s often larger than your standard deductible.
Flooding
With 5,299 miles of coastline and more than 8,600 miles of floodplains, flooding is a real risk for many homeowners in Maine. Coastal storms, heavy spring rains, runoff, and ice jams have been responsible for millions of dollars of flood damage in the state.[2]
Since a standard homeowner policy typically doesn’t cover flooding, you’ll need to find separate coverage through the National Flood Insurance Program (NFIP) or a private insurer.
Wildfires
Maine is home to 17.5 million acres of woodlands. In the past, forest fires have been one of the top risks to the state, but early detection efforts have helped reduce the danger.[3] Homeowners in areas bordered by forest are at a higher risk if fires are out of control. Standard home insurance policies typically cover damage from wildfires.
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Maine Bureau of Insurance
The Maine Bureau of Insurance works to protect the people of Maine by regulating the insurance industry.
If you have a complaint or question about an insurance company, you can contact the Bureau by phone at 1 (207) 624-8475 or 1 (800) 300-500, by email at [email protected], or by mail to 34 State House Station, Augusta, ME 04333.
What Homeowners Insurance Covers in Maine
A standard homeowner policy in Maine provides coverage for the following categories:[4]
Dwelling coverage: Covers damages to your home and attached structures if a covered peril damages them, up to your policy limits.
Other structures: Covers damages to structures that aren’t attached to your house, such as a fence or gazebo.
Personal property: Pays to repair or replace your personal belongings if a covered peril damages or destroys them.
Loss of use: Pays for some of your additional living expenses if you have to move out of your home temporarily due to damage from a covered peril.
Personal liability: Provides financial coverage if someone is hurt on your property or you damage someone else’s property.
Medical payments: Helps cover the medical expenses of someone who is injured on your property.
What home insurance doesn’t cover
In Maine, a standard home insurance policy typically doesn’t cover the following:
Flooding
If you want flood insurance, you can purchase a separate policy through a private insurer or the NFIP.
Earthquakes
Some insurers offer earthquake coverage as an endorsement.
Backup of sewer/sump overflow
If your sewer backs up or your sump pump fails, you’ll need to add an endorsement for coverage.
Maintenance damage
Insurance won’t cover damage that’s due to a lack of maintenance.
For a full understanding of your policy’s exclusions, carefully read through the fine print.
Do You Need Flood Insurance in Maine?
With miles of coastline and floodplain, more than 33,000 structures are at risk of flooding in Maine. If you live in a high-risk area, your lender may require you to purchase a policy.
Even if you aren’t at a high flood risk, you may still want to consider purchasing a separate flood insurance policy from a private insurer or through the NFIP.
Factors That Affect Home Insurance Costs in Maine
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In addition to your home’s value, several other factors affect home insurance premiums in Maine, including:[5]
The home itself: Older homes and those made with more flammable materials typically have higher premiums.
Where you’re located: Your home’s proximity to the coast, where you’re at risk for severe wind, can result in higher premiums or a higher deductible. Your home’s distance to a fire station can also affect costs. Generally, the closer, the better.
How you structure your policy: The type of coverage you select, whether you add endorsements, and the deductible you choose can all affect your premiums. More coverage and a lower deductible can result in higher rates.
Your background: Insurers also look at personal factors when setting rates, like your credit and claims history. Maintaining a high credit score and a clean claims record can help lower your premiums.
Maine Home Insurance FAQs
Check out these answers to some of the most commonly asked questions about home insurance in Maine and how to find the best homeowners insurance companies.
How much is home insurance in Maine?
Home insurance in Maine averages $101 per month for a policy with $300,000 in dwelling coverage, according to Compare.com data. Home insurance costs in Maine vary based on factors like your location, the age of your home, and the type and amount of coverage you need.
What’s the best home insurance company in Maine?
The best home insurance company depends on your individual needs and budget. To find the right insurer, compare multiple companies on factors like available coverage, discounts, customer service, and cost.
Which company has the cheapest homeowners insurance in Maine?
Travelers offers the lowest rates to homeowners in Maine, averaging $78 per month for $300,000 in coverage, according to Compare.com data.
Is homeowners insurance required in Maine?
No. The state of Maine doesn’t require you to have homeowners insurance, but your mortgage lender typically will.
What types of homeowners insurance coverages are recommended in Maine?
A standard homeowner policy will protect your home and belongings from covered perils. Since many homes in Maine are vulnerable to flooding, you may want to consider a flood insurance policy for additional protection.
Methodology
Compare.com data scientists analyzed rates from more than 180 home insurance companies sourced directly from Compare.com’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:
- 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 Compare.com’s proprietary database. Rates are updated monthly.
Sources
- Maine Emergency Management Agency. "Severe Winter Storms."
- Maine Department of Agriculture, Conservation & Forestry. "Maine Floodplain Management Program."
- Maine Emergency Management Agency. "Wildfires."
- Maine Bureau of Insurance. "What the Policy Covers."
- Maine Bureau of Insurance. "Factors Affecting Your Premium."
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Jessica MartelPersonal Finance Writer
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.
Nick VersawSenior Managing Editor
Nick Versaw leads Compare.com's editorial department, where he and his team specialize in crafting helpful, easy-to-understand content about car insurance and other related topics. With nearly a decade of experience writing and editing insurance and personal finance articles, his work has helped readers discover substantial savings on necessary expenses, including insurance, transportation, health care, and more. As an award-winning writer, Nick has seen his work published in countless renowned publications, such as the Washington Post, Los Angeles Times, and U.S. News & World Report. He graduated with Latin honors from Virginia Commonwealth University, where he earned his Bachelor's Degree in Digital Journalism.
John LeachLicensed P&C Insurance Agent and Expert Reviewer
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John Leach is a licensed insurance agent who reviews and fact-checks articles for Compare.com. John has several years of experience reviewing and editing various insurance topics, and he also holds a valid personal lines producer license from the California Department of Insurance (NPN #20461358).