Maine’s average annual homeowners premium sits about $300 below the national average, but times are changing. The rise in Atlantic storms has brought higher insurance premiums, along with new ways for insurers to save themselves money – and pass some of their financial burden onto you. It is still possible to get affordable home insurance in Maine, but you have to do your homework. Premiums vary widely based on the location, company, and homeowner, so the only way to find out what’s available to you is to get some quotes. You can start here with our quote tool. Enter your ZIP code and start comparing.

How We Found the Best Homeowners Insurance in Maine

We used a methodology similar to our national homeowners insurance review to find the best Maine home insurance providers. First, we looked at which companies were the largest by market share. We checked with A.M. Best and other financial strength rating agencies to ensure that they were all financially sound and able to pay out claims when necessary. Then, we evaluated them based on their coverage options, policy endorsements, discounts, and website. To learn how well the companies lived up to their promises, we relied on J.D. Power and Consumer Reports’ customer satisfaction studies. Finally, we spoke to the representatives and got quotes for ourselves.

Maine Homeowners Insurance Reviews

State Farm

Claims handling is arguably the most important factor to consider when choosing a home insurer, and State Farm rates well among customers in this area. From J.D. Power, it earned a 4/5 overall and ranked the highest of our other picks. It also scored well with Consumer Reports readers for the simplicity of the claims process, damage amount, and timeliness of the payment.

Unfortunately, these high ratings are usually accompanied by a high price tag. State Farm gave us our most expensive quotes and was twice as expensive as our cheapest option, Liberty Mutual. For example, one Maine home scenario was quoted for $1,067 from State Farm and $530 from Liberty Mutual. There are discounts you may be eligible for, that can balance your price better. Bundling your homeowners and auto insurance with State Farm, remaining claim-free. and installing protective devices like fire alarms, are some of the easiest ways to save. You’ll also earn a discount if you update your utilities or install an impact-resistant roof. And you can always opt for a higher deductible. State Farm gives Maine residents a choice between a standard deductible and a percentage deductible. We advise asking for quotes in both formats, to find your cheaper value.

State Farm is the only company besides Liberty Mutual that enables you to purchase a policy online without speaking to an agent. In order to do this, you must know detailed information about your home’s construction and enter it into the 360Value tool to get your quote. In fact, State Farm’s online quote process was the most detailed of all the insurers we looked at. It will ask for specifics like the percentage of carpet-covered floors and the number of corners in your home’s framing. We recommend arming yourself with floor plans, your insurance history, a home inventory, and details about your home construction, in order to get the most accurate online quote. Or if you’re not sure what you need, you can contact State Farm and one of its agents will walk you through the process.

Liberty Mutual

Liberty Mutual came in as the most affordable provider in our quote analysis. And it’s no wonder with the impressive list of 12 discounts it offers. You can earn all the standard ones, like multi-policy and claim-free, as well as more unique discounts like being an early shopper, and having a new or renovated home. You may also be eligible for savings if you’re in a certain line of work, like teaching.

You can’t do much better if you’re looking to customize your policy with endorsements. Liberty Mutual goes beyond the standard scheduled valuables and replacement cost endorsements to offer unique coverages like Inflation Guard. This adjusts the value of your policy to keep up with the rate of inflation, so you’re always getting the exact amount of coverage that you signed up for. There’s also water backup protection and ordinance and law coverage, which pays to bring your home up to code following a disaster.

Like State Farm, Liberty Mutual enables you to purchase a homeowners policy right online. You’ll need to know detailed information about your home’s construction, like what kind of shingles you have and what percentage of your home’s flooring is carpet. Once you get your quote, you can customize your coverages and purchase with a credit card. Liberty Mutual opts for a traditional deductible instead of a percentage and it starts at $500.


Allstate usually offers home insurance quotes online, but unfortunately, it doesn’t for Maine residents and we were advised to contact a local agent for further information. It’s not the most convenient when you just want a quick estimate, but it ended up being worth the call. Our agent was friendly and knowledgeable, and he gave us insights into Maine home insurance coverages that only a local would know. It took a little longer, but we were able to get an accurate quote and all of our questions answered as well.

Its rates were pretty affordable, coming in just slightly above Liberty Mutual’s. But, like with all insurance policies, your price will vary based on your personal profile. One of those factors is discounts, and Allstate offers the most of all the companies on this list – 14 by our count. Some of these, like the welcome and senior discounts, aren’t offered by any other company. If you qualify for a few of these, you could see your premium costs drop significantly.

Another way you can save is by enrolling in Allstate’s Claim-Free Rewards. This is an optional coverage that gives you a bonus check every year you go without filing a claim. Hand in hand with that is the Claim RateGuard endorsement. This coverage is unique to Allstate and works like accident forgiveness for your car. As long as you have it, you don’t have to worry about your rates going up after your first claim.

The Hanover

The Hanover operates quite differently from other insurers on our list. It scored a measly 2/5 overall in J.D. Power’s customer satisfaction survey, but it scored a 5/5 in the claims satisfaction metric. Part of this may have something to do with the fact that policies are sold through a network of independent agents. Different agents could account for the variance in customer service while the claims experience would remain consistent across all customers.

You can manage your policy online once you’re signed up, but you have to call if you want a quote. The advantage of working with independent agents is that you can compare multiple companies at once. The disadvantage is you have to wait for them to get back to you with the price. And in our case, our agent forgot to do that.

Still, it’s worth taking a closer look at The Hanover to see what it has to offer. There are several unique endorsements, like equipment breakdown coverage and extended replacement cost. It also offers some rare deductible options. If you bundle your home and auto insurance, you can get a single deductible for both. You can also purchase a special deductible waiver, so you don’t have to pay anything out of pocket for losses over $50,000.

MMG Insurance

The independent agent we spoke to referred to MMG Insurance as one of her favorites and said it was very easy to work with. While we’d love to be able to support that claim, we just don’t have the evidence to do so. MMG Insurance is a small regional insurer and it’s not big enough to make large national surveys like J.D. Power’s or Consumer Reports’. Consequently, it’s hard to get a read on how well it treats customers and how complicated the claims process is.

There isn’t much information on its website, either. Because MMG Insurance is sold through independent agents, the website does little more than direct you to contact a local agent. You have to talk to them if you’re interested in getting a quote or learning more about their endorsements and discounts. Once you have a policy, however, you can manage it online just as you would with a company like Allstate or State Farm.

While we may not be able to recommend MMG Insurance above the other companies on this list, we encourage you to get a quote from it anyway. Shopping around and comparing quotes is the best way to get a great price. And the fact remains that MMG is one of the top five home insurers in the state, which says something about its popularity among homeowners.

Maine deductibles are on the rise.

The swell in Atlantic storms in the last few years has led to a rise in home insurance rates all along the coast. Even in Maine, which has suffered comparatively little damage next to its neighbors to the south, premiums have been rising at a rate that’s far above average — now at a 68% increase. And predictably, insurance companies have been looking for a way to lessen the amount that they have to pay out in the event of a claim.

If you’ve purchased home insurance within the last few years, you may notice that your deductible options have changed. Rather than choosing between a set of standard dollar amounts, you may now be required to pay a percentage (usually 1 to 3 percent) of the value of your home. This percentage-based deductible format is becoming very common, and it may one day be the industry standard.

For now, though, you still get a choice in the matter. State Farm offers both percentage and traditional homeowners deductibles, though gone are the days when you can file a claim and pay only $500 out of pocket. Its minimum traditional deductible is $2,000. Liberty Mutual still holds onto the old ways, giving customers a choice between a number of traditional deductibles, so it’s a good company to consider if you’re worried about high out-of-pocket costs. There’s also The Hanover’s deductible waiver endorsement, though adding this will raise your premiums.

If your insurer gives you a choice between the two, take some time to compare them. The right option for you depends on the value of your home and your financial situation. You can never be completely sure that you won’t have to file a claim, but if you feel that it’s unlikely, you may want to opt for a higher deductible as this usually results in significantly lower premiums. On the other hand, if you know your home or homes in your area have suffered from natural disasters in the past, you may prefer a policy with a low deductible and higher premiums.

The most common and costly claim in Maine is wind damage.

Wind damage is the most common homeowners insurance claim filed in Maine. This is especially true if you live near the coast and feel the effects of the Atlantic hurricanes. Insurance companies have started implementing separate hurricane deductibles to account for this. They often hover around five percent of your home’s value, making them significantly more expensive than your regular homeowners deductible. On a $300,000 home, for example, you may only pay $3,000 for a one percent homeowners deductible, but you’ll pay $15,000 out of pocket before your insurance company will cover your hurricane damage.

According to Maine law, this deductible can only be applied if the National Weather Service declares a hurricane warning for your area, so it won’t apply in other situations, like severe thunderstorms. Because Maine is so far north, it’s unlikely that your hurricane deductible would get used very often, but it is something you should be aware of.

If you’d like to minimize the damage that wind can do to your home, you should think about investing in storm shutters, roof tie-downs, or hurricane glass. Some insurers, including Allstate, will even give you discounts for doing this. It may not stop all the damage, but it will certainly help.

Maine islanders may have a more difficult time getting coverage.

Maine is home to 4,600 stunning islands that have attracted tourists and locals alike for decades. But everything that draws visitors in – the proximity to the water, getting away from the hustle and bustle of the cities – is everything insurance companies hate about them. Where you see a peaceful spot on the ocean, they see an area that’s going to bear the brunt of any hurricane that comes its way. And while you may be admiring the peacefulness of nature, your insurance company is lamenting the distance of the nearest fire station. Consequently, some islanders have had trouble finding homeowners insurance.

Some insurance companies refuse to insure island homes at all, and those that do insure them often charge higher rates. The Maine Islands Coalition has received numerous complaints from homeowners that they have difficulty getting or keeping home insurance because of their location, though this isn’t true of every island. Your perceived riskiness will vary depending on which island you’re on and what kind of resources (fire departments, etc.) it has.

Unfortunately, there isn’t much you can do in this situation to get a better rate. Your best bet is to shop around and see what different companies are willing to offer you. Think about going with a higher deductible as this will usually save you quite a bit on your premiums.

The Bottom Line

Maine homeowners insurance rates may be on the rise, but there are still plenty of ways you can score an affordable rate. Start by comparing insurance companies with our quote tool. Just enter your ZIP code to get started.