Who Has the Cheapest Homeowners Insurance Quotes in Maine?

Maine is located in the northeastern corner of the United States. Though known mostly for its lobster fishing, Maine also is the nation’s chief exporter of blueberries, producing 98% of all lowbush blueberries in the US. 

When making a large financial investment, such as purchasing a house, it is vital to understand all costs associated with a transaction. One key factor, which often is overlooked, is the price of homeowners insurance. In order to better understand how the cost of homeowners insurance varies throughout Maine, ValuePenguin analysts studied the insurance rates across 52 cities in the state of Maine. Below we profile the cities with the cheapest and most expensive homeowners insurance in The Pine Tree State. Read more below, or enter your zip code into our quote tool to begin searching for homeowners insurance quotes.

Cheapest Homeowners Insurance Companies in Maine

We conducted a study to find which company offered the cheapest homeowners insurance in the state of Maine. We collected quotes for a benchmark home of 2,000 square-feet from State Farm, Nationwide, and Liberty Mutual and averaged the rates across 52 cities in Maine. Our research revealed that State Farm provided the cheapest average annual rate at $1,005 (Progressive and Farmers did not provide quotes online). The following table ranks the average annual premiums for companies in our study from cheapest to most expensive:  

A ValuePenguin study showed State Farm narrowly had the best homeowners insurance rates for a sample residence in Maine.

Find the Cheapest Homeowners Insurance Quotes in Your Area

RankCheapest Homeowners Insurance CompaniesAverage Annual Rates
1 State Farm $1005
2 Nationwide 1023
3 Liberty Mutual 1357
Average 1128

The above rates were obtained for a sample property. To find the best homeowners insurance rate for yourself, we recommend finding insurance rates for many companies and comparing them.

Best Homeowners Insurance Rates in Maine: by City

Research performed by ValuePenguin analysts found that Maine’s top five cheapest cities when it comes to homeowners insurance are located away from the coast. Outside of this one fact, the states have no geographic commonality, being spread out as far as the Canadian border up north or as far south as the New Hampshire border. The cities’ average annual homeowners premiums were 9% lower than the state average, with residents paying on average $1,030 per year.

Rank City Average Annual Premium Change vs State Average
1 Presque Isle $1,006 -11%
2 Livermore Falls $1,025 -9%
3 Lewiston $1,035 -8%
4 Houlton $1,041 -8%
5 Solon $1,044 -7%

Presque Isle, ME

Our research has found that Presque Isle is the city with the most affordable homeowners insurance rates in the state of Maine. Presque Isle is the largest city in Aroostook County and serves as the county’s commercial center. Located just a 30 minute drive away from the Canadian border, Presque Isle is the northernmost city on our list. Homeowners insurance on average costs $1,006, 11% lower than the state mean. 

Livermore Falls, ME

Livermore Falls offers the state’s second best average annual insurance premiums. At an average rate of $1,025 per year, Livermore Falls residents enjoy an average homeowners insurance cost 9% lower than the state average of $1,128.

Lewiston, ME

Lewiston is the second largest city in the state of Maine, with a population of 36,000. The city’s top employers are Central Maine Medical Center as well as St. Mary’s Health System employing over 10% of the city’s residents. Lewiston offers Maine’s 3rd cheapest homeowners insurance premiums at an average annual rate of $1,035. 

Houlton, ME

Houlton, located in Aroostook County, is a town of 6,000 people. Houlton is the birthplace of William Dufris, famous voice actor most recognized for his role as the beloved Bob the Builder. Those seeking to insure their homes in Houlton can expect to see annual insurance rates of $1,041, the city’s average. As such, Houlton’s insurance premiums are 8% lower than the state average. 

Solon, ME

Along the eastern bank of the Kennebec River, in south-central Maine, lies the small town of Solon. With a population of just over 1,000 people, Solon is rich in recreational opportunities which range from hunting to skiing. With an average annual homeowners insurance premium of $1,044, Solon is 7% more affordable than the rest of the Maine.  

Cities with the Most Expensive Homeowners Insurance in Maine

All of Maine’s most expensive cities for homeowners insurance are located along its coast. These coast cities tend to experience more extreme shifts in weather than their inland counterparts. Extreme winds and storms make homes more prone to property damage. This increased risk of property damage drives insurance companies to raise their premiums, as the risk they take on becomes greater. Maine’s most expensive cities saw insurance rates which were on average 13% higher than the rest of the state, with a mean premium of $1,274 per year.

Rank City Average Annual Premium Change vs State Average
1 Blue Hill $1,327 18%
2 Kennebunk $1,291 14%
3 Belfast $1,281 14%
4 Falmouth $1,245 10%
5 Portland $1,224 8%

Blue Hill, ME

The town with the most expensive home insurance prices on our list, Blue Hill is a coastal town on Blue Hilly Bay just outside of Acadia National Park. Settled way back in 1762, the town was built around shipbuilding and farming. Insurance rates are 18% higher than the state average at $1,327 per year.

Kennebunk, ME

Located in southwest Maine about 30 minutes from Portland, the Town of Kennebuck is home to 10,000 residents who get to enjoy coastal living and the beautiful, sandy beaches right down the street. Maybe most famously known as the home of Tom's of Maine toothpaste, this quaint Maine town has the 2nd highest rates of home insurance in the state.

Belfast, ME

Another city that sits right on the Atlantic Ocean, Belfast was settled by Scottish-Irish families in the late 1700's. Fast forward to today and the city is a vibrant, cultural center that's even been featured by USA Today as one of the country's "culturally cool" communities. However, homeowners in the city will pay higher rates to insure their home than most other Maine residents. Rates in Belfast are 14% higher than average and average $1,281 per year.

Falmouth, ME

One mile north of Portland, the 32 square mile town is home to roughly 11,000 Maine citizens. With I-95 running right through the middle of town Falmouth is well-positioned for residents who need access to a major highway and easy transportation. With a median home value of over $400k, Falmouth homeowners also have some of the more expensive homes in the state (more than double the state average home value). But with that comes a price: home insurance rates tend to be pricier than average at $1,245 per year.

Portland, ME

The largest city in Maine, Portland has been called The Forest City because of the lush green landscape in town. One interesting fact about the town is that there are more restaurants per capita (230 in all) that any city in the United States! When it comes to homeownership, the 66,000+ people in Portland pay the 5th highest home insurance premiums of any place in ME. Rates average $1,224 annually which is 8% higher than the state mean.

Average Cost of Homeowners Insurance in Maine: by City

ValuePenguin analysts looked at 54 cities throughout Maine. Below you can see a list of all the cities in order from least to most expensive average homeowners insurance premiums. The number on the graph represents the average annual home insurance cost for each city. 

In Maine, ValuePenguin found the average cost of homeowners insurance in Maine for a sample policy was $1,128.


In this study, ValuePenguin collected insurance quotes from several major insurance companies operating in Maine. Data was collected for 52 cities spread throughout the state. Our sample home insurance buyer was a single, non-smoker with a good credit history. He or she also had no history of past insurance claims. The home in question was a 2,000 square foot single family house, with a garage attachment. The property was valued at an average of $200,000. 

If you're interested in seeing the cities from the study in alphabetical order, you can do so here:

Rank City Average Insurance Premium Change
10 Augusta $1,058 -6.20%
20 Bangor $1,091 -3.30%
33 Bath $1,151 2.10%
50 Belfast $1,281 13.60%
23 Bethel $1,101 -2.40%
21 Biddeford $1,093 -3.10%
52 Blue Hill $1,327 17.60%
41 Boothbay Harbor $1,183 4.90%
22 Bridgton $1,094 -3.00%
47 Brunswick $1,220 8.10%
26 Bucksport $1,114 -1.30%
14 Calais $1,072 -4.90%
32 Camden $1,141 1.20%
16 Cape Elizabeth $1,083 -4.00%
9 Caribou $1,058 -6.20%
38 Damariscotta $1,167 3.40%
39 Dexter $1,167 3.50%
34 Dover Foxcroft $1,153 2.20%
18 Eastport $1,085 -3.80%
35 Ellsworth $1,156 2.50%
49 Falmouth $1,245 10.40%
43 Farmington $1,193 5.70%
8 Gorham $1,055 -6.40%
4 Houlton $1,041 -7.70%
51 Kennebunk $1,291 14.50%
15 Kingfield $1,075 -4.70%
3 Lewiston $1,035 -8.20%
46 Lincoln $1,207 7.00%
2 Livermore Falls $1,025 -9.10%
44 Machias $1,196 6.00%
7 Madawaska $1,054 -6.60%
6 Millinocket $1,046 -7.30%
25 Milo $1,109 -1.70%
37 Newport $1,165 3.30%
27 Norway $1,119 -0.80%
19 Old Town $1,088 -3.50%
48 Portland $1,224 8.50%
1 Presque Isle $1,006 -10.80%
45 Rockland $1,201 6.50%
29 Rumford $1,132 0.30%
17 Saco $1,084 -3.90%
12 Sanford $1,067 -5.40%
30 Scarborough $1,134 0.50%
5 Solon $1,044 -7.40%
28 South Portland $1,131 0.20%
36 Stonington $1,157 2.50%
11 Waterboro $1,060 -6.00%
13 Waterville $1,070 -5.10%
31 Westbrook $1,140 1.00%
24 Windham $1,106 -1.90%
42 Wiscasset $1,190 5.50%
40 York $1,179 4.60%


  • http://quickfacts.census.gov/qfd/states/23000.html
  • http://www.maine.gov/sos/kids/about/products.htm
  • http://www.census.gov/foreign-trade/statistics/state/data/me.html
  • http://www.usa.com/maine-state.htm

Comments and Questions