Best Home Insurance Rates in Maine (2022)

On average, your neighbors pay $93 a month.

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Compare Homeowners Insurance in Maine

The latest rate analysis by QuoteWizard shows that the average cost of homeowners insurance in Maine is $93 a month, but you may find cheaper rates by comparing quotes from regional and national insurance companies. Here’s what you need to know about finding the best homeowners insurance in Maine.

In this article:

Who offers the cheapest homeowners insurance rates in Maine?

Our study shows that Vermont Mutual has the cheapest statewide average homeowners insurance rate, as well as the best rate in several cities across the state. On a statewide basis, Vermont Mutual’s rate works out to $56 a month, followed by Chubb, $59 a month, and Travelers, $77 a month.

Cheapest homeowners insurance rates in Maine
Company Average annual rate Average monthly rate
Vermont Mutual $666 $56
Chubb $709 $59
Travelers $921 $77
State Farm $1,037 $86
Patrons Oxford $1,242 $104
USAA $1,429 $119
Allstate $1,762 $147
State average $1,110 $93
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Since insurance companies evaluate several rate factors for each client, you could qualify for lower or higher prices with these companies. It is best to obtain and compare quotes from multiple insurance companies when you shop for homeowners insurance.

Best homeowners insurance rates in Portland and South Portland

In addition to offering the best average rates statewide, Vermont Mutual, Chubb and Travelers also offer the best average rates in Portland and South Portland. When we combined the average rates available in the two cities together, we found that Vermont Mutual’s monthly rate works out to $51, followed by Chubb, $62, and Travelers, $70.

The combined average rate of homeowners insurance in Portland and South Portland is $91 a month.

Best homeowners insurance rates in Portland and South Portland
Company Average annual rate Average monthly rate
Vermont Mutual $615 $51
Chubb $748 $62
Travelers $844 $70
State Farm $864 $72
Patrons Oxford $1,271 $106
USAA $1,459 $122
Allstate $1,830 $153
Combined cities average $1,090 $91
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Lewiston

The average monthly rate on homeowners insurance in Lewiston is $88. Vermont Mutual, Chubb, Travelers and State Farm offer rates that are less than the citywide average.

Best homeowners insurance rates in Lewiston
Company Average annual rate Average monthly rate
Vermont Mutual $668 $56
Chubb >$695 $58
Travelers $845 $70
State Farm $867 $72
USAA $1,105 $92
Patrons Oxford $1,181 $98
Allstate $2,026 $169
City average $1,055 $88
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Bangor

In Bangor, the average monthly rate of homeowners insurance from Chubb is $58, which is only $2 more than Vermont Mutual’s rate, $56, and $11 less than Travelers’ rate, $69.

Best homeowners insurance rates in Bangor
Company Annual average rate Average monthly rate
Vermont Mutual $668 $56
Chubb $695 $58
Travelers $825 $69
State Farm $1,036 $86
USAA $1,134 $95
Patrons Oxford $1,181 $98
Allstate $2,026 $169
City average $1,081 $90
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Auburn

In Auburn, Chubb’s average monthly rate of $58 a month is just a touch higher than Vermont Mutual’s $56 rate, and less than Travelers’ $71 rate.

Best homeowners insurance rates in Auburn
Company Average annual rate Average monthly rate
Vermont Mutual $668 $56
Chubb $695 $58
Travelers $853 $71
State Farm $890 $74
USAA $1,052 $88
Patrons Oxford $1,181 $98
Allstate $2,026 $169
City average $1,052 $88
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Biddeford

The average monthly rate for homeowners insurance in Biddeford works out to $89 a month. Vermont Mutual’s monthly rate of $49 a month is considerably less than the average for the city. Chubb, State Farm and Travelers also offer rates that beat the average.

Best homeowners insurance rates in Biddeford
Company Average annual rate Average monthly rate
Vermont Mutual $593 $49
Chubb $738 $62
State Farm $856 $71
Travelers $933 $78
USAA $1,220 $102
Patrons Oxford $1,271 $106
Allstate $1,828 $152
City average $1,063 $89
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Augusta

Our analysis shows that Vermont Mutual, Chubb and Travelers are the price leaders in Augusta, where the average price of homeowners insurance is $84 a month.

Best homeowners insurance rates in Augusta
Company Average annual rate Average monthly rate
Vermont Mutual $668 $56
Chubb $695 $58
Travelers $862 $72
State Farm $1,029 $86
USAA $1,123 $94
Patrons Oxford $1,181 $98
Allstate $1,522 $127
City average $1,011 $84
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Best homeowners insurance rates in Windham

For the cities of Windham, North Windham and South Windham, the combined average rate of homeowners insurance is $92 a month. Vermont Mutual, Chubb, State Farm and Travelers each offer rates that are less than this three-city average.

Best homeowners insurance rates in Windham, North Windham and South Windham
Company Average annual rate Average monthly rate
Vermont Mutual $602 $50
Chubb $748 $62
State Farm $975 $81
Travelers $1,062 $89
Patrons Oxford $1,271 $106
USAA $1,442 $120
Allstate $1,625 $135
Combined cities average $1,103 $92
Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary.

Which insurance companies have the best customer service?

USAA, State Farm and Allstate have the highest satisfaction scores from J.D. Power among Maine homeowners insurance companies, but Vermont Mutual and Patrons Oxford are not included in J.D. Power’s report. Chubb, USAA and Vermont Mutual have the best Complaint Index score from the National Association of Insurance Commissioners (NAIC).

J.D. Power’s satisfaction scores are based on online customer interviews in which insurance companies were rated on interaction, policy offerings, price, billing process, policy information and claims.

Homeowners insurance company satisfaction scores
Company Satisfaction score
USAA 882
State Farm 835
Allstate 829
Chubb 801
Travelers 800
Patrons Oxford Not included
Vermont Mutual Not included
Segment average 825
Source: J.D. Power 2021 U.S. Home Insurance Study

The NAIC Complaint Index rates insurance companies based on the number of confirmed complaints compared to its market share. A confirmed complaint is one in which an investigation determines that a violation has occurred. The National Complaint Index is 1.0. A company with a Complaint Index of 2.0 has twice as many confirmed complaints as would be expected for a company of its size. A lower Complaint Index is better.

In addition to showing the Complaint Index for the companies in our analysis, the chart below also shows the number of confirmed complaints each company received in Maine, based on data from 2020.

Insurance companies’ Complaint Index and confirmed complaints in Maine
Company Complaint Index Confirmed complaints in Maine
Chubb 0.1 0
USAA 0.5 1
Vermont Mutual 0.5 2
State Farm 0.7 1
Travelers 0.9 1
Patrons Oxford 1.1 1
Allstate 1.2 1
Source: NAIC Complaint Index, based on data from 2020.

Maine’s best overall homeowners insurance companies

In addition to reasonable prices and responsive customer service, the best insurance companies also provide coverage that matches your needs and follows through on claims in a timely, courteous manner.

Best regional homeowners insurance company

Low rates and a low Complaint Index are among the factors that make Vermont Mutual the best regional homeowners insurance company in Maine.

In addition to standard coverage, Vermont Mutual offers endorsement packages to broaden the protections on your home. Its Advantage and Elite Endorsements include Home Systems Protection, which provides up to $50,000 in coverage for damage caused by a sudden, accidental breakdown of one of your home’s major systems, such as air conditioning, a furnace, a water heater and laundry appliances.

Vermont Mutual boasts an A+ Financial Strength Rating (FSR) from AM Best and is part of a group that provides personal and commercial insurance in seven Northeastern states.

Best national homeowners insurance companies

Travelers and State Farm are among the top national homeowners insurance companies serving Maine. While Travelers has a lower statewide average rate than State Farm, State Farm’s high satisfaction score and low Complaint Index are indicators of quality customer service.

Both companies also offer discounts to customers who bundle an auto policy with homeowners insurance coverage and offer endorsements to customize your coverage to meet your home’s specific needs.

While Chubb is best known for meeting the needs of wealthy individuals with high-value homes, it also offers favorable rates on standard homes in Maine.

Best insurance company for the military community

USAA’s consistently high satisfaction score reflects the organization’s commitment to customer service. Homeowners insurance is among the suite of products and services available to USAA members. Eligibility is restricted to current and former members of the military and their families.

Do I need flood insurance in Maine?

Coastal storms, heavy spring rains, runoff and ice jams are among the leading causes of flooding in Maine. The Maine Floodplain Management Program estimates that 33,000 structures across the state are at risk of flooding, and 75% of homes and businesses in floodplains in Maine are not covered by flood insurance.

Standard homeowners insurance does not cover damage caused by flood. However, If you own a home in a community that participates in the National Flood Insurance Program (NFIP), you are eligible to purchase government-backed flood insurance. The average cost of an NFIP flood insurance policy in Maine is $1,112 a year, or $93 a month, according to separate research by QuoteWizard.

Though NFIP is managed by the Federal Emergency Management Agency, NFIP flood insurance is widely available through authorized local insurance agents. Private flood insurance is also available through authorized local insurance agents.

Methodology

In our analysis, we obtained quotes from every ZIP code in Maine for a homeowners insurance policy on a standard home with the following limits and deductible:

  • $275,000 dwelling coverage
  • $27,500 other structures
  • $137,500 personal property
  • $55,000 loss of use coverage
  • $100,000 liability
  • $5,000 medical payments
  • $1,000 deductible

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