The 4 Best Maine Homeowners Insurance Companies

To protect against financial loss, homeowners should purchase and regularly review their Maine homeowners insurance. Homes in Maine are exposed to many types of damage from harsh winters to spring hail storms. The good news is that Maine home insurance rates are very low, averaging $762.00. Comparison shopping in Maine is less about great discounts and more about proper coverage, service, and financial strength of the institution.

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Allstate

Allstate is one of the largest providers homeowners insurance in Maine, and its A+ (Superior) rating from AM Best makes it one of the top Maine homeowners insurance companies. Allstate's online tools make it very easy to access information about your policy. Its home inventory tool lets you keep track of your belongings in the event of a loss, and its smartphone apps gives you access to all your policy information from anywhere. One of its best educational tools is its Premium Gauge, which shows you how different variables affect your premium. Standard discounts, similar to other national carriers, are available from Allstate. These include discounts for multiple policies and for protective devices. Allstate covers your dwelling and other structures, personal property, liability, and can reimburse you for living expenses in the event of a loss. Additional coverage options can help with identity theft recovery and electronic data recovery.

Concord Group

The Concord Group is a regional insurer providing homeowners insurance in Maine, Massachusetts, New Hampshire, and Vermont. It has consistently received an A financial strength rating from AM Best. Standard structure coverage can be enhanced through several programs like the Homeowners Advantage Plan, Extra Security Plus coverage, and Identity Theft coverage. Ask a local agent for more information on these programs. When you insure your car and your home with Concord, both premiums can receive a discount, netting you substantial savings. Signing up for a CONNECT account gives you convenient ways to manage your policy. Receive electronic document delivery and get 24/7 access to all your information, including ID cards, with CONNECT.

Liberty Mutual

Liberty Mutual is the largest Maine homeowners insurance company by market share. Standard home insurance in Maine covers damage caused by smoke, fire or lightning, windstorms, hail, theft or vandalism, and freezing of plumbing. Options to purchase additional coverage include additional living expenses, 24-hour emergency repairs on covered losses, and personal property replacement. For discounts, Liberty Mutual partners with local colleges and associations to provide exclusive discounts for members. The University of Maine and Husson College are some of those associations. Liberty Mutual's online Catastrophe Center is a great resource to help you prepare for and deal with any catastrophe. Finally, Liberty Mutual is consistently rated among the best customer service insurers in the nation, and consistently rates A or higher for financial strength.

State Farm

State Farm's AM Best financial rating of A++ (Superior) means they can pay out in the event of a loss. Its service reputation is the reason why State Farm is the largest insurer in the nation. Recently, State Farm has been adding several online tools to enhance its service offering. The Home IndexTM online home inventory management system allows you to inventory of your personal property and store it off site, while the Pocket Agent mobile app puts all your policy information at your fingertips. Finally, although State Farm may fall behind its competitors by offering fewer discounts, it automatically checks for available discounts for you, easing the process. This "Discount Double Check" is a great feature for Maine home insurance.

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