Popular Questions about Homeowners Insurance in Maine

On average, homeowners in America pay $1,211 a year for their home insurance coverage. However, in Maine, the average annual premium is significantly lower at just $843 a year.

Homeowners insurance coverage is vitally important because your house is an investment, and hazards like severe weather, accidental fires, and property crimes in this state can cause expensive losses to homeowners who are not insured.

Your home insurance gives you peace of mind knowing that your finances are protected if a disaster strikes in your neighborhood.

Whether you are dealing with losses due to an accidental fire, a severe weather event, or a rash of burglaries, you can be sure that you are covered when you have a suitable Maine homeowners insurance policy backing you up.

  • Pays to Repair or Replace Your Home and Belongings
    • Example: Your roof and gutters sustain significant damage due to the formation of ice dams after a particularly heavy snow, and both need to be replaced.
  • Pays for Someone Else's Injuries or Property Damage When It's Your Fault
    • ExampleYour children are playing in the backyard and one of them accidentally hits a baseball through your neighbor’s picture window.
  • Pays for Temporary Living Expenses When Your Home Is Seriously Damaged
    • Example:  Damage from a fire renders your house uninhabitable. You need to stay in a hotel while structural repairs are made.

We can’t be 100% certain, but last year, insurance companies paid out more than $131 million in home insurance claims in Maine alone. That's a lot of unfortunate events happening to homeowners in the Badger State!

Insurance companies calculate home insurance costs based not just on the value of your property, but also on the chances that something bad will happen to it. The more likely it is that a disaster or other damaging event can impact your house and property, the more expensive your home insurance policy will be.

We call these potential disasters "risks” or “exposures.” Let’s take a look at how risky Maine is compared to the rest of the country.


The burglary rate in Maine is lower than the national average. Of course some areas are safer than others, but the risk exists everywhere.

You will want to be sure to protect your property by keeping doors and windows securely locked, keeping all entryways unobstructed and well-lit, and putting lights on timers when you are out of town.

  • Average number of burglaries per 1,000 homes in Maine: 3.01
  • Average number of burglaries per 1,000 homes in the U.S.: 3.76

Installing a burglar alarm or other security device in your home can sometimes earn you discounts on your home insurance costs. Talk to a local independent agent to learn more about this and other ways you might be able to save money.


Severe weather events, including storms, blizzards, and hurricanes, can wreak havoc on residential properties in this state. Be sure that your home insurance provides all the coverage you need before disaster strikes.

  • Number of federally declared disasters in Maine since 1953: 62
  • Most common cause of disasters in the state: Severe storms, floods, and heavy snows
  • Average number of tornados per year in ME: 2.0
  • Amount paid in home insurance claims in ME in 2019: $131,123,000

It is important to be aware that although floods pose a real risk in Maine, flood damage is not covered by homeowners insurance.

Fortunately, a local independent agent can help you supplement your home coverage with an affordable flood insurance policy through the National Flood Insurance Program (NFIP). Flood insurance takes 30 days to go into effect, so do not wait until heavy rains are imminent to purchase your policy.

Home Values:

The estimated cost to rebuild your home will play a large role in how much your home insurance costs. In Maine, the average home value is a bit higher than the national average.

  • Average home value in Maine: $191,200
  • Average home value in the US: $188,900

Comparing homeowners insurance rates from a few different insurance companies helps you be certain you are getting your coverage at the most competitive price.

There is no such thing as an insurance company the can be considered “best” for everyone. While one homeowner may get the best coverage and price from one company, their neighbor may find that a competing provider offers the best value.

That is why independent agents compare policies and rates from multiple top-rated insurance companies as they search for the policy that is most suitable to meet your coverage and budgetary needs.

Yes! There are currently 165 independent insurance agencies in Maine who are ready to help.

Contact an insurance agent near you to discover the many benefits of working with one of these experienced insurance professionals.

How does home insurance work?

Find the Best Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 4.69 per 1,000 homes

National average home value $188,900

National average home insurance cost $1,173 year

CityAvg. home valueBurglaries / 1,000 homesAnnual insurance cost
Presque Isle$136,4085.11$747
South Portland$265,3552.11$874
  1. $73
  2. Portland, ME Monthly average home insurance cost
  3. The average monthly cost of home insurance in Portland is $73.
  4. Home insurance rates in can vary from one homeowner to the next, especially in a large city like Portland. Your rate can be based on several unique factors like the size, value, and location of your home; the number of people who live in your residence; the materials used in your home’s construction; and sometimes even your credit score.
  5. Some of the most expensive hazards faced by homeowners in Portland are severe weather events like hurricanes, tropical storms and windstorms. Fortunately, your homeowners insurance can help you repair or replace your home and belongings, and can even help you pay for a hotel if you are temporarily displaced while major damage to your home is being repaired. 
  6. Talk to a local independent insurance agent to learn more.

  1. $70
  2. Lewiston, ME Monthly average home insurance cost
  3. The average monthly cost of home insurance in Lewiston is $70.
  4. Your homeowners insurance rates are calculated according to considerations like the value of your home, the size of your deductible, your claims history, and sometimes even your credit score. You can therefore expect that your monthly premium may be different from this average.
  5. Many homeowners in Lewiston have a significant risk of sustaining flood damage. This risk isn’t limited to those who are situated near the banks of the Androscoggin River. When heavy rains fall, the ground can become saturated and drainage systems can become overwhelmed, leading to flash flooding throughout the city. However, it is important to bear in mind that homeowners insurance does not cover flood damage.
  6. Talk to a local independent agent for help supplementing your home insurance with an affordable flood insurance policy through the National Flood Insurance Program (NFIP).

  1. $71
  2. Bangor, ME Monthly average home insurance cost
  3. The average monthly cost of home insurance in Bangor is $71.
  4. Your house and property coverage needs are not the same as your neighbor’s. While everyone in your neighborhood faces the same crime and weather risks, your homeowners insurance premium can also be based on factors like the size, age and value of your home, the type of roof you have and when it was last replaced, your claims history, the number of people in your household, and potentially even your credit score. Your monthly rate for Bangor homeowners insurance may therefore be higher or lower than this average.
  5. Residential fires present one of the most devastating risks to homeowners. In addition to severely damaging your house, a fire can lead to a total loss of your personal belongings, including your personal items such as furniture, electronics, and art. That is why it is important for your dwelling coverage to be high enough to enable you to rebuild your home and that you have sufficient contents coverage to let you replace your lost or damaged property without enduring a large financial loss.
  6. A local independent insurance agent can help you make sure that the coverage levels in your Bangor homeowners insurance policy are high enough to cover you against a total loss.

  1. $66
  2. Auburn, ME Monthly average home insurance cost
  3. The average monthly cost of home insurance in Auburn is $66.
  4. Of course, what you may actually be expected to pay can differ significantly from this average price. This is because costs are based primarily on the value of your property. Some of the other factors that can influence your premium amount include the age and size of your house, the crime rate and weather risks in your ZIP code, the size of your deductible, and your claims history. 
  5. Winter storms can be a problem in Auburn. Heavy snows can damage roofs, ice dams can destroy gutters, and freezing temperatures can cause water pipes to burst, which can result in extremely expensive damage in your home. Auburn homeowners insurance can give you peace of mind in knowing that your winter-damaged home can be returned to normal without causing you a large personal expense.
  6. An independent insurance agent in Auburn can help you find a great policy at a competitive price.

  1. $76
  2. Biddeford, ME Monthly average home insurance cost
  3. The average monthly cost of home insurance in Biddeford is $76.
  4. Not all Biddeford homeowners will pay the same amount for their home insurance. Your monthly rate is based on several considerations such as the crime rate in your ZIP code, the size of your home, the building materials used in your home’s construction, your claims history, the amount of your deductible, and more.
  5. With about 80 burglaries reported in a typical year, this small city has one of the highest property crime rates in the state. It is therefore important that you take precautions like using deadbolt locks and home security systems to help protect your home. Fortunately, your Biddeford homeowners insurance can compensate you for your losses if you are the victim of a property crime like theft, vandalism, or even arson.
  6. If needed, a local independent agent can provide assistance throughout the claims process, regardless of what kind of disaster you have experienced.