Homeowners Insurance Maine 2022

Last modified: September 10, 2021

Maine is loved for its beautiful scenery, rocky coastline, and magical lighthouses located along the shore. The warm months in Maine feels like a blessing, especially since winters can get brutal. Crazy storms, precipitation, fires, and other weather catastrophes can cause significant damage to homes. However, Maine insurance companies can help you rebuild your home’s physical structure if it gets damaged or destroyed by a covered event, including fire, wind, storm, or theft. 

This article explores some of the best homeowners’ insurance in Maine, why you should get homeowner’s insurance and the most common causes of insurance losses in Maine. Also, make sure to check out our list of best homeowners insurance companies in the US.

Is Homeowners Insurance Required in Maine?

You might think that investing in homeowners’ insurance might be unnecessary. However, the months from November to February in Maine are uncertain. To protect your home, savings, and your family, refer to Maine homeowners’ insurance laws and secure yourself before it is too late.

For those not aware, a homeowners’ insurance policy not only covers your home but also  protects and secures most of the things that get damaged due to some events that happen on your property, including:

  • The physical dwelling that you live in.
  • Any attached structure that can be considered part of your home, including the porch, deck, and garage.
  • Any structure found on your property, including a fence or shed.
  • Your property or belongings, including electronics and furniture.
  • If you damage someone’s property or belongings, the policy might cover you and your family members.
  • Friends or guests who might fall or injure themselves on your premises.
  • Any living expenditure if your house is getting repaired or gets completely damaged.

Here are some important factors to consider when investing in Maine homeowners’ insurance:

1.   Kind of Coverage

You may be tempted to invest in the least expensive insurance policy available but this could leave you unprotected in case of major damages. It is crucial to consider the coverage you may need to protect your belongings and investment. Under-insuring your house can result in you having to pay hundreds of dollars in case of big repairs. Moreover, over-insuring means paying extra premiums. 

2.   Event Coverage

Homeowners’ insurance might not cover all kinds of disasters or weather incidents. Hence, you should consider the events most likely to occur in your neighborhood. For example, some neighborhoods in Maine are more prone to flooding, earthquakes, or mold and sewage damage. 

3.   Deductible amount

Most insurance policies might contain a per event deductible and an annual deductible amount. The deductible stands for the amount that needs to be paid before insurance coverage is allowed. You can opt for no coverage at all or decide the amount you’d like to pay.

4.   Liability VS Contents

Maine homeowners’ insurance protects your personal belongings and any injuries that occur in your house. You can choose to keep a balance between both events or opt to have more insurance for a certain event.

As long as you ensure that your home is covered by a well-known and recognized insurance company, there are no major risks that you will encounter. It is only important to ensure that your homeowners’ insurance policy covers all events that have the slightest chance of taking place. To do this, do your research beforehand and always opt for the best-rated insurance companies in Maine.

Common Causes of Home Insurance Losses in Maine

Living in Maine means being prepared for the worst, especially since it is known as one of the states with increased snowfall and freezing temperatures. There is no denying that East Coast storms are dangerous. Disastrous climatic events, such as hail, snow, and freezing weather can damage the structure and plumbing of your home. Damages and catastrophes come unexpectedly and often leave a big, gaping hole in your bank account. Hence, purchasing a homeowners’ insurance policy is crucial. Don’t forget to take a look at the Maine ordinance and law coverage!

Keep in mind that snowfall insurance and flood damage are not included in Maine’s homeowners’ insurance coverage. However, you can opt for a flood insurance policy

Flood policies marketed by private companies are administered and overlooked by the federal government’s National Flood Insurance Program (NFIP). This insurance policy can cover home structure damage of up to $250,000 and $100,000 of your belongings.

Since Maine is located on the Atlantic Coast and has more than 6,000 lakes and ponds, it witnessed numerous high tides, flash flooding, and snowmelt.

It is important to note the difference between an insurance company completely canceling your insurance policy and you losing your insurance because you failed to renew it.


Cancellation of insurance occurs when you or your insurance company have not paid the coverage before it is meant to expire- usually after a year. As a customer, you have the authority to cancel your insurance policy at any given time. You are given 90 days for your primary residence and 120 days for your seasonal residence by your insurance company in case you want to cancel your insurance policy.

After this period, the insurance company can only cancel your policy if you don’t follow the law. This includes failing to pay the premium, ignoring loss control recommendations, and the property not being supervised by custodial care. The homeowners’ insurance company is liable to provide you with a 10-day notice before they cancel your insurance due to failure of payment of premium. In other cases, they must provide a notice of 20 days.

If you wish to cancel your insurance policy for whatever reason, you might receive a lower amount than the total unearned premium. However, if the insurance company cancels, they must refund the entire unearned premium.


Non-renewal is when insurance cannot be renewed because of expiry. According to the Maine homeowners’ insurance laws, the insurance company does not have to renew your policy if there is a lawful reason, including the insured house not being lived in or the roof is in bad shape. The company must give you 30 days’ notice and the reason for the non-renewal. 

How Much is Homeowners’ Insurance in Maine?

The estimated homeowners’ insurance depends on the dwelling coverage you have on your house. Below is the homeowners’ insurance average quote for multiple coverage ranges:

Average Cost Coverage Amount
$ 685 $ 100,000- 200, 000
$ 851 $ 200, 000- 300, 000
$ 920 $ 300, 000- 400,000
$1,547 $ 400, 000- 500,000
$1,692 More than $ 500, 000

Cheapest Homeowners Insurance in Maine

Depending on the location of your home in Maine, the prices of home insurance may vary.  For example, on the coast south of Portland, Kennebunk has the highest insurance rate – a whopping $1,238 average annual premium, which falls under the $100,000-500,000 category in coverage. On the other hand, a town between the Atlantic Ocean and Sebago Lake, Windham, has the cheapest real estate in Maine, which accounts for a $582 average annual premium.

The average cost provided by insurance companies in Portland, Maine, is around $762. Low-cost homeowners’ insurance in Maine can be found in Old Orchard Beach, Windham, Waterville, Brunswick, and Sanford, while the Maine average is about  $854. The most expensive cities in Maine for homeowners’ insurance include Kennebunk, Augusta, Scarborough, Topsham, and Lisbon.

Cost of Homeowners Insurance by Top Cities:

City Cheapest Rate
Portland $ 762
Brunswick $ 589
Augusta $ 1,180

Best Homeowners Companies in Maine

Company Best For Coverages Discounts Pricing
  • Three flexible coverage packages 
  • Personal property replacement cost
  • Cost of spoilt refrigerated products due to power loss
  • Lock replacement
  • Personal injury lawsuits
  • Deductible is waived when the loss exceeds $50,000
  • Can be customized
State Farm
  • Coverage opportunities for almost all kinds of dwellings
  • Personal liability
  • Medical bills
  • Physical loss on-premises
  • Loss caused by fire, lightning, windstorm, hail, theft
  • Multi-policy
  • Home alarm
  • Roofing materials
  • No-claim
  • $1,500
Liberty Mutual
  • Brilliant premium discount opportunities
  • Personal property replacement cost
  • Blanket jewelry coverage
  • Hurricane coverage
  • Water damage coverage
  • Inflation protection
  • Identity fraud
  • Multi-policy
  • New home
  • New roof
  • Early shopper
  • Paper-free billing
  • Automatic payment
  • Claim-free
  • Installs protective devices
  • Can be customized
  • Affordable coverage options.
  • Gap insurance
  • Equipment
  • Pet injury
  • Water backup
  • Personal injury
  • Replacement cost
  • Home and auto
  • Alarm systems and safety devices
  • New purchase
  • New home construction
  • Multi-car
  • Sign online discount


  • $ 870
  • Best for a cheap quote.
  • Dwelling
  • Structures
  • Personal property
  • Loss-of-use
  • Personal liability
  • Medical payments
  • Protective devices
  • Mature homeowners
  • Superior home
  • Multi-policy
  • $ 709
  • Best replacement cost policy for house and personal property.
  • Dwelling
  • Other structures
  • Personal property
  • Loss of use
  • Personal liability
  • Medical payments
  • Ordinance or law insurance
  • Credit card coverage
  • Multi-policy
  • Protective device
  • Claims-free
  • Age of insured discount
  • Affinity discount
  • Home renovation
  • Prior insurance
  • Gated community
  • $ 1,450
  • Best financial ratings.
  • Special personal property
  • Contents replacement cost
  • Additional replacement cost protection
  • Jewelry and valuable items
  • Personal articles floater
  • Green home
  • Water backup and overflow


  • Multi-policy
  • Homebuyer
  • Loss-free
  • Protective device
  • Green home
  • $ 773


Detailed Reviews


Hanover homeowners’ insurance offers three coverage packages that are customizable to your situation and budget. The basic policy covers your home, structures, and non-attached buildings on your premises, and personal belongings, like furniture. The basic policy package also ensures you from any bodily injury and covers the medical bills of those injured on your property. If you collect antiques or have a home-based business, you can customize your coverage.

State Farm

State Farm homeowners’ insurance Maine offers coverage opportunities for almost all kinds of dwellings, including single-family homes, condominiums, or manufactured homes. You can opt for three broad tiers of coverage, including Essential, Expanded, or Premium. The insurance cost can be anywhere between $1,500- 3,000 a year. There are also many insurance discounts for customers. Even though State Farm’s prices may be a little more than its competitors, it provides many discounts and is a great company to rely on.

Liberty Mutual

Liberty Mutual homeowners’ insurance Maine provides outstanding premium discount opportunities and good customer claims services. With a total of 11 different discounts, it can significantly lower your homeowners’ insurance cost. It also provides nationwide coverage, regardless of where you live. Liberty Mutual also offers a loss forgiveness option that prevents your rates from increasing after your first claim. Moreover, its inflation protection policy helps bump your coverage level each time you ask for a policy renewal so that you can survive the ever-rising cost of living. 


Progressive homeowners’ insurance Maine offers affordable coverage options with a personal umbrella policy that provides approximately $5 million against claims of liability. Moreover, Progressive takes the responsibility of completely repairing your home and the things inside in case of a calamity. If you need to move out temporarily while your home is being repaired, Progressive pays the living expenditure. It also holds strong reviews of the customer service department, meaning you can easily file a claim or get in touch with them in case of any questions.


MetLife homeowners’ insurance Maine is the best company for affordable policies as it offers various comprehensive coverage packages. Moreover, it provides identity protection coverage without charging an extra penny. After all, we all know how big a problem identity theft is. Regardless of the rebuild amount, MetLife promises to take full responsibility for your home.


Nationwide homeowners’ insurance Maine offers the best replacement cost policy for your house and personal property. It also provides insurance for your vehicles, including snowmobiles, RVs, cars, and specialty lines, including farms, weddings, pets, and travel. Moreover, Nationwide offers discounts for new or renovated houses. You can opt for inflation protection and the optional replacement cost coverage to receive extra reimbursement in tough times. 


Travelers homeowners’ insurance Maine has the best financial ratings. It has widened its portfolio to include aircraft, automobile, electronic data, and life insurance. You can find significant discounts at Travelers and customize your coverage based on your individual needs. Travelers is the perfect homeowners’ insurance company for you if you are looking for a reliable insurer and a straightforward process.

Pros & Cons

The Pros

The Cons

Final Verdict


Does homeowner insurance cover flooding in Maine?

Unfortunately, homeowner insurance does not cover flooding in Maine. However, you can purchase a flood insurance policy to secure yourself and your home. Even though private companies market the flood policies, the federal government’s National Flood Insurance Program (NFIP) overlooks them. Depending on your home’s structure, the policy can cover up to $250,000 and up to $100,000 for personal belongings.

Does homeowners’ insurance cover lightning in Maine?

Yes. The homeowners insurance in Maine covers any damage caused to your property or premises due to fire, lightning, tornados, hail, and windstorms.

What if I can’t get homeowners’ insurance?

If you have filed too many claims too fast and in a small amount of time your insurance might get canceled. Moreover, you might not get the insurance if the insurance company has changed its policy and no longer serves the area you live in, or because your home has been considered extra risky based on an official inspection.

In these cases, explore coverage with a surplus or excess lines insurer. Surplus carriers deal with risks and threats that are normally not accepted by conventional insurance companies. However, this could be expensive. Another downside to surplus carriers is that since the companies are not admitted with the state, they do not follow the laws and regulations that other conventional insurance companies follow.