Maine homeowners still tend to pay less than many states for home insurance, but prices have climbed since 2021. The latest official benchmark from the NAIC shows Maine’s average homeowners expenditure remained under roughly $1,100 in 2022 (published 2024), while current shopping estimates for a standard policy are generally in the low-to-mid $1,000s for 2025. Finding the best company involves more than price: Reviews.com considered financial strength, coverage options, customer support, discounts, third‑party scores, and current market conditions. To help you find the best homeowners insurance companies in Maine, use this guide as a starting point and be sure to compare quotes from both national carriers and strong regional mutuals active in New England.

The 4 Best Homeowners Insurance Companies in Maine 

We started our search using the most recent official benchmark for Maine (NAIC 2022 average expenditure) and 2025 market-based estimates from sources that model active quotes, including Bankrate and the Policygenius Home Insurance Pricing Report. To present well-rounded options, we also reviewed financial strength, available endorsements, discounts, and third-party scores like J.D. Power’s 2024 U.S. Home Insurance Study. These four companies rose to the top within our framework; however, always include regional mutuals in your quote set and consult the Maine Bureau of Insurance market share reports to identify active writers near you.

• Allstate: Best for New Homes
• Nationwide: Best for Personalized Coverage
• State Farm: Best for Local Agents
• Travelers: Best for Discounts

Compare the Best Home Insurance Companies in Maine

These four companies are among the best in the state based on our research methodology. However, market conditions have shifted, premiums have risen, and you may find that another carrier — including a regional mutual — best fits your needs and budget. Clarifying what you want in a home insurance company and shopping broadly could help you find the best option for you.

Information updated in 2025. Official statewide benchmark reflects NAIC’s 2022 average homeowners expenditure (published 2024); market-based averages reflect 2025 quoting conditions.

*Modeled premium estimates for Maine are available from Bankrate.com (2025) for a standard coverage profile; methodology differs from NAIC’s average expenditure metric.

**J.D. Power’s 2024 U.S. Home Insurance Study. Based on a 1,000-point scale.

*Modeled premium estimates for Maine are available from Bankrate (2025); figures vary by coverage profile and are not directly comparable to NAIC average expenditures.

**J.D. Power’s 2024 U.S. Home Insurance Study. Based on a 1,000-point scale. 

The Average Cost of Homeowners Insurance in Maine

The latest official benchmark shows Maine’s average homeowners insurance expenditure remained under roughly $1,100 in 2022, per the NAIC Homeowners Insurance Report (released 2024). For today’s shopping environment, modeled estimates indicate typical annual premiums for a standard owner-occupied policy in Maine are now generally in the $1,200–$1,500 range, depending on coverage and location, according to Bankrate (2025) and the Policygenius Home Insurance Pricing Report (2025). Maine remains on the lower end of costs nationally, but premiums have risen due to higher reconstruction costs, recent storm losses, and reinsurance pressures noted by regulators in NAIC’s 2024 report.

Top 3 Cheapest Homeowners Insurance Companies in Maine (quotes vary by profile)

*Data sources and context: Official statewide benchmark is NAIC’s 2022 average expenditure; current-modeled averages from Bankrate (2025) and the Policygenius Pricing Report (2025). Methods and coverage profiles differ.

Top 3 Most Expensive Homeowners Insurance Companies in Maine (varies by profile)

*Data sources and context: NAIC 2022 average expenditure (official benchmark) and 2025 modeled quotes from Bankrate and the Policygenius Pricing Report; individual quotes vary significantly.

Key Things to Know About Home Insurance in Maine

Maine remains relatively affordable for homeowners insurance, but water- and wind-related risks are trending upward. State guidance recommends planning for about 1.5 feet of sea level rise by 2050 with higher scenarios by 2100 (Maine Climate Council), and NOAA expects more frequent high‑tide flooding along the Northeast coast. The Northeast has seen roughly a 60% increase in the heaviest precipitation events since 1958 (NCA5), contributing to inland and riverine flooding; multiple severe storms in late 2023 and early 2024 led to FEMA disaster declarations in Maine (FEMA). Winter nor’easters and strong winds continue to drive losses, influenced by a warming Gulf of Maine. Knowing your risk and preparing accordingly can help reduce damage and improve insurability.

Home Insurance Coverage Options

Many homeowners need more protection than a base HO-3 policy provides. In recent years, insurers have emphasized risk‑reduction and more granular terms (for example, separate wind or named‑storm deductibles and tighter roof-loss settlement on older roofs). Maine insurers offer a variety of optional coverages that may be worth considering:

• Scheduled personal property coverage: If you have valuable jewelry, fine arts, collectibles or antiques, consider scheduling them for broader protection and a lower deductible.
• Identity theft protection: Many insurers now bundle identity theft with personal cyber features (such as data restoration or cyber extortion response); verify limits and services. See background on personal cyber from the Insurance Information Institute.
• Flood insurance: Standard home insurance policies do not cover damages caused by floods. For that, you’ll likely need a separate flood insurance policy, available through the NFIP or a private flood insurer; Maine’s consumer guide explains options and eligibility (Maine Bureau of Insurance).

Frequently Asked Questions

Methodology

We evaluated companies using current third‑party ratings for customer experience, financial stability, and coverage options, and we incorporated both the latest official statewide benchmark (NAIC 2022 average expenditure) and 2025 modeled quotes to reflect today’s shopping conditions. 

To compare home insurance companies across the board, we considered the following factors:

• Customer Ratings — We referenced J.D. Power’s 2024 U.S. Home Insurance Study for an indication of satisfaction with overall experience.
• Coverage — Because no single company fits everyone’s needs, we emphasized the breadth of coverage options and add-ons available. 
• Confidence — We reviewed financial strength, prioritizing carriers with strong AM Best ratings.
• Customer Experience — We considered complaint activity as a proxy for experience using the NAIC Consumer Complaint Index.

Pricing context draws on NAIC’s 2022 statewide average expenditure (released 2024) and 2025 modeled averages from Bankrate and the Policygenius Pricing Report. These are sample figures for comparison only; your quotes will vary.

The coverage limits for home insurance rates reflect the following coverage and limits:

• Coverage A, Dwelling: $250,000
• Coverage B, Other Structures: $25,000
• Coverage C, Personal Property: $125,000
• Coverage D, Loss of Use: $50,000
• Coverage E, Liability: $300,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required). In coastal areas, percentage-based wind or named‑storm deductibles are increasingly common; verify triggers and calculations (see windstorm and hurricane deductibles).

Keep Reading

Guide to Homeowners Insurance Coverage

Homeowners Insurance Buyer’s Guide

The Best Companies for Bundling Home and Auto Insurance in 2022