Best Homeowners Insurance in Maine

Cheapest home insurance in Maine: Vermont, $56 a month; Concord General, $84 a month; and Great Northern at $71 a month.

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Vermont Insurance is the cheapest average homeowners insurance provider in Maine at $56 a month. Concord General is the state's next-most affordable provider, with an average rate of $64 a month.

The majority of the most popular home insurance providers in Maine have rates that are under the state average. However, you should explore what different insurers deliver in terms of cost in comparison to policy offerings. This guide will help you find the best combo of cost and coverage.

In this article

Maine's cheapest homeowners insurance companies

Vermont Insurance has the cheapest average rate in Maine at $56 a month for home insurance. Concord General is the next-cheapest company at $64 a month. Great Northern comes in third for low rates, with an average of $71 a month.

Cheapest home insurance companies in Maine
Company Average rate
Vermont Mutual $56
Concord General $64
Great Northern $71
State Farm $77
Patrons Oxford $98
Allstate $148
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

How much does home insurance cost in Maine?

On average, home insurance in Maine costs $86 a month. This comes in 46% cheaper than the national average home insurance rate of $146 a month.

Homeowners insurance companies calculate your premium by weighing risk based on various factors, which include:

  • The age of your home
  • Your ZIP code
  • Materials used for construction
  • Your claim history

Home insurance providers, while usually offering similar coverages, weigh the various risk factors differently. For example, one home insurer may consider the crime rate in your neighborhood to be a bigger risk factor than another company would. This results in different homeowners insurance companies having different rates. In order to get your best home insurance policy at the best price, compare policies from many different providers.

Compare quotes from top home insurance companies

Besides the risk factors involved and the coverage limits you choose, your home insurance deductible will also play a factor in your final rate. The higher the deductible you choose for your policy, the lower your premium.

What are Maine's best home insurance companies?

We've found that Concord General and State Farm are the top choices for home insurance providers operating in Maine. Here's why:

Concord General: Best discounts

Concord General has the second-cheapest rate for home insurance in Maine, at an average of $64 a month. On top of that, it offers great discounts to help bring your annual premium even lower. These discounts include:

  • Advance quote discount: If you request a quote before your effective policy date, it could help you save on your premium.
  • Multi-policy account credit: Tied to bundling your home insurance with an auto or life insurance policy.
  • Favorable loss history credit: If you don't have a history of claims, this can result in a discount.
  • Year of construction credit: If your home is younger than 15 years old, it may land you a discount.

State Farm: Most popular

While State Farm isn't among the cheapest of home insurance companies in Maine, it stands as the most used of the providers operating in the state. According to the most recent data from the National Association of Insurance Commissioners (NAIC), State Farm has 8.56% of Maine's property and casualty insurance market share. Progressive is the second-highest with a wide margin at 8.55% of the market share. For comparison, State Farm has the next-highest market share at 6.57%.

A large part of State Farms' popularity is its commitment to customer satisfaction. In its 2022 U.S. Property Claims Satisfaction Study, J.D. Power gave State Farm a score of 876 out of 1,000 for overall customer satisfaction. This is the highest score in the study for any of the providers studied in this list.

The cheapest home insurance in Maine by city and county

Of Maine's largest cities, Biddeford, Brunswick, Saco and South Portland share the lowest average rate for home insurance with Vermont Mutual at $50 a month. Westbrook has the second-cheapest average rate of $51 a month with Vermont Mutual. Portland has the third-lowest rates through Vermont Mutual at $52 a month.

Home insurance rates in Maine's cities by company
City Concord General Great Northern State Farm Vermont Mutual
Auburn $64 $66 $70 $56
Augusta $67 $66 $81 $56
Bangor $62 $66 $81 $56
Biddeford $64 $85 $70 $50
Brunswick $65 $74 $71 $50
Lewiston $63 $66 $68 $56
Portland $69 $79 $70 $52
Saco $64 $85 $69 $50
South Portland $69 $79 $66 $50
Westbrook $63 $79 $69 $51
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Looking at the lowest rates in Maine's largest counties, York County has the cheapest rate for homeowners insurance at $50 a month with Vermont Mutual. Cumberland County has the second-lowest average rate in the state with Vermont Mutual at $51 a month. Hancock County and Knox County share the third-most affordable rate for home insurance in Maine at $55 a month, once again with Vermont Mutual.

Home insurance rates in Maine's counties by company
County Concord General Great Northern State Farm Vermont Mutual
Androscoggin $63 $66 $72 $56
Aroostook $61 $66 $80 $61
Cumberland $63 $77 $72 $51
Hancock $66 $74 $71 $55
Kennebec $65 $66 $78 $56
Knox $65 $74 $75 $55
Oxford $67 $66 $79 $60
Penobscot $62 $66 $80 $56
Somerset $66 $66 $82 $60
York $62 $80 $72 $50
Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.


We collected quotes from every ZIP code in Maine from the following home insurance companies:

  • Allstate
  • Concord General
  • Great Northern
  • Patrons Oxford
  • State Farm
  • Vermont Mutual

Average rates for a standard HO-3 homeowners insurance policy we calculated using the following coverages:

  • $275,000 dwelling (unless otherwise noted)
  • $27,500 other structures
  • $137,500 personal property
  • $55,000 loss of use
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible (unless otherwise noted) LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.