Best and Cheapest Homeowners Insurance in Maine for 2025 (10 Most Affordable Companies)

The best and cheapest homeowners insurance in Maine starts with Geico, which offers $15 monthly rates and quick 5-minute online quotes. USAA takes second place, offering $50,000 in military equipment coverage at $18 monthly.

State Farm rounds out the top picks with fast 48-hour claim handling plus a 5-year workmanship guarantee from $23 monthly. Maine homeowners can find affordable coverage options ranging from $15 to $48 per month through discounts (read more: top 5 ways to save money on your homeowners insurance premium).

Company	Rank	Monthly Rates	A.M. Best	Best For	Jump to Pros/Cons
	#1	$15	A++	Affordable Rates	Geico
	#2	$18	A++	Military Focus	USAA
	#3	$23	B	Nationwide Coverage	State Farm
	#4	$25	A++	Policy Flexibility	Travelers
	#5	$34	A	Loyalty Programs	American Family
	#6	$35	A+	Comprehensive Discounts	Nationwide
	#7	$38	A+	Customizable Plans	Progressive
	#8	$43	A+	Strong Reputation	Allstate
	#9	$47	A	Diverse Offerings	Farmers
	#10	$48	A	Hybrid Focus	Liberty Mutual

When you search for Maine home insurance quotes, look at factors such as your property location plus potential rates for coastal homes (which cost 25 % more). Enter your ZIP code into our free comparison tool to find the cheapest home insurance rates.

What You Should Know

• Geico offers Maine's lowest homeowners insurance, starting at $15 monthly
• USAA maintains stable Maine house insurance rates during deployments
• Travelers offer 15% discounts for LEED-certified homes and cover condo special assessments

#1 – Geico: Top Overall Pick

Pros

• Low Base Rates: Standard Maine home insurance rates begin at $15 per month for for $200,000 coverage with additional 15% discount for bundling home and auto policies.
• Mobile Claims: Features photo-based claim submissions through mobile app with guaranteed 12-hour initial response for property damage.
• Efficient Service: Geico maintains an A++ financial rating while delivering quotes within 5 minutes online. Geico is also one of the digital life insurance companies that offer online quotes.

Cons

• Limited Physical Presence: Homeowners must travel outside Maine state lines to visit offices for claim submissions.
• Bundle Requirements: Customers need to bundle auto insurance policies to qualify for advertised homeowner discounts.

#2 – USAA: Best for Military Members

Pros

• Deployment Coverage: Active duty members receive full coverage protection during deployments without incurring extra fees.
• Rate Stability: USAA guarantees monthly insurance rates will remain unchanged when service members deploy overseas for military duty.
• Equipment Protection: USAA provides $50,000 of coverage for military equipment stored at home. Learn more in our USAA insurance review.

Cons

• Limited Eligibility: Insurance policies remain available only to military personnel and their immediate family members.
• Processing Times: The claims department takes 21 days to process requests during deployment seasons.

#3 – State Farm: Best for Fast Claims

Pros

• Quick Resolution: The claims department resolves most homeowner issues within 48 hours through local Maine adjusters.
• Digital Tools: State Farm's mobile app allows customers to upload documents and track claims instantly. ReadDesignates one dedicated agent per household for consistent service delivery. more in our State Farm insurance review.
• Quality Repairs: Local contractors complete all home repairs with a 5-year workmanship guarantee included.

Cons

• High Deductibles: Every premium coverage policy starts with a $2,500 minimum deductible for homeowners.
• Financial Rating: The company's B financial rating suggests potential issues with long-term claim payments.

#4 – Travelers: Best for Payment Flexibility

Pros

• Payment Options: Homeowners can choose monthly, quarterly, or annual payments with 0% additional fees.
• Condo Coverage: The company covers condo special assessments up to $50,000 per calendar year.
• Green Discounts: Travelers reduce annual rates by 15% for homes with LEED certification status, which you can learn more in our Travelers insurance review.

Cons

• Documentation: New policy applications require 25 separate documents for processing and approval.
• Claim Timeline: Claims settlements take 45 days on average due to multi-step verification requirements.

#5 – American Family: Best for Long-Term Savings

Pros

• Loyalty Benefits: The loyalty program increases policy discounts by 5% each year for Maine residents.
• Personal Service: Designates 1 dedicated local Maine agent per household for consistent service delivery.
• Renovation Coverage: Home renovation projects receive $25,000 of additional coverage during construction phases.

Cons

• Coastal Premiums: The company charges 25% higher premiums for properties located near the ocean. Learn more in our Review of American Family insurance.
• Limited Coverage: Seasonal and vacation homes receive 0 coverage under standard insurance policies.

#6 – Nationwide: Best for New Homes

Pros

• Bundle Savings: Customers save 15% by combining auto and home insurance policies together.
• New Home Discount: As mentioned in our Nationwide insurance review, new homes under 5 years old qualify for a 30% reduction in monthly rates.
• Business Coverage: Home-based businesses receive $10,000 of equipment coverage with standard policies.

Cons

• Inspection Cost: Every property requires a $350 professional inspection before coverage approval.
• Documentation: Claims require 6 different forms of documentation to begin processing.

#7 – Progressive: Best for Customization

Pros

• Flexible Deductibles: As highlighted in our Progressive insurance review, it lets Maine homeowners select between $500-$5,000 deductibles with corresponding premium adjustments.
• Security Savings: Properties with active security systems receive a 20% reduction in monthly rates.
• Second Home Protection: Second homes receive automatic protection against frozen pipes up to $15,000.

Cons

• Limited Adjusters: Maine residents must share 5 claims adjusters across the entire state.
• Credit Requirements: Homeowners need a 720 credit score to qualify for advertised insurance rates.

#8 – Allstate: Best for Claims Tracking

Pros

• Online Updates: Updates claim status every 24 hours through online portal with email notifications.
• Safe Home Rewards: Policy rates decrease by 5% each year when homeowners file zero claims (Read More: Allstate Insurance Review).
• Office Coverage: Home office equipment receives $15,000 of coverage under standard insurance policies.

Cons

• Higher Rates: Base insurance rates start 20% higher than the average Maine provider charges.
• Inspection Rules: Properties must undergo professional inspections every 90 days to maintain coverage.

#9 – Farmers: Best for Historic Homes

Pros

• Decreasing Deductible: Insurance deductibles decrease by $50 for each year without filed claims. For more information, read our Farmers insurance review.
• Smart Device Coverage: Smart home devices receive 100% replacement coverage without depreciation calculations.
• Historic Protection: Historic homes over 100 years old receive full coverage without age restrictions.

Cons

• Limited Access: Customers can only file claims through phone calls during business hours.
• Coverage Area: The company provides coverage in 12 Maine counties out of 16 total.

#10 – Liberty Mutual: Best for Emergency Service

Pros

• 24/7 Claims: In our insurance review of Liberty Mutual its claims department accepts new submissions 24 hours daily through multiple channels.
• Quick Response: Emergency repair services arrive at covered properties within 4 hours of requests.
• Rental Protection: Short-term rental damages receive protection up to $25,000 per covered incident.

Cons

• Credit Score: Homeowners must maintain a 700 credit score to receive the best available rates.
• Adjuster Shortage: Only 3 claims adjusters handle all Maine properties across the entire state.

Maine House Insurance Rates

Geico is the best homeowners insurance in Maine with rates at $15. USAA is second at $18 with an A++ rating and military focus. State Farm is third at $23 with nationwide coverage.

Insurance Company	$200k Policy	$300k Policy	$500k Policy
	$43	$84	$108
	$34	$67	$84
	$47	$78	$117
	$15	$28	$37
	$48	$92	$120
	$35	$68	$87
	$38	$72	$94
	$23	$43	$59
	$25	$46	$61
	$18	$29	$37

Travelers stand out for policy flexibility at $25 and American Family for loyalty programs at $34. These top insurers offer the most affordable home insurance for Maine residents. The average cost of home insurance policies with them for a home that's worth $200K. Find out more in our practical guide for understanding homeowners insurance.

Coverage Types for Maine Home Insurance

Maine homeowners insurance includes coverage for weather, property damage, and liability. Dwelling coverage starts at $200,000, including personal property, loss of use, and other structures.

When the stakes are as big as the #StanleyCup, the @GoldenKnights are going to need every player. pic.twitter.com/AL2EfOrO67

— The GEICO Gecko (@TheGEICOGecko) June 5, 2023

Coverage includes weather events like severe storms, floods, snow, hurricanes, coastal storms, and freezing damage, which have affected Maine properties. See what the top providers are offering:

Insurance Company	Water Backup	Earthquake	Identity Theft	Equipment Breakdown	Service Line
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	❌	✅	✅	❌
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	❌
	✅	✅	✅	✅	❌
	✅	✅	✅	✅	✅
	✅	✅	✅	✅	❌

Homeowners are protected against property crimes like theft, burglary, vandalism, and malicious mischief, as Maine’s crime rates are below national averages. Medical payments and liability coverage give you extra financial protection against accidents or injuries on your property.

Using Discounts to Get the Cheapest Homeowners Insurance in Maine

When looking for the best homeowners insurance in Maine, big savings come from smart discounts. Companies offer bundling discounts of up to 17%, with USAA on top.

For cheap home insurance in Maine, residents can save with claim-free records (up to 13%) and home security systems (up to 12%). New home discounts are 10% in Maine, and loyalty programs are 4-6%. Maine homeowners insurance companies also offer unique combinations - home security with claim-free discounts can be up to 25% off.

Insurance Company	Bundling	Claim-Free	Home Security	New Home	Loyalty
	15%	10%	12%	8%	5%
	14%	9%	10%	7%	6%
	13%	8%	11%	6%	5%
	12%	10%	9%	7%	4%
	16%	12%	10%	9%	5%
	15%	10%	11%	7%	6%
	14%	8%	10%	7%	5%
	13%	9%	11%	6%	4%
	12%	10%	9%	8%	5%
	17%	13%	12%	10%	6%

Beyond these discounts, homeowners insurance in Maine offers additional savings through roof upgrades and smart home technology installations, potentially reducing average home insurance cost Maine rates by an extra 15-20%.

Finding the Best Maine Home Insurance Quotes

Geico, USAA, and State Farm lead Maine's home insurance providers with quality coverage and reliable service, while Geico offers the best and cheapest homeowners insurance in Maine starting at just $15 monthly.

Geico delivers quotes in 5 minutes with 24/7 security monitoring, USAA protects military equipment up to $50,000, and State Farm resolves claims within 48 hours with workmanship guarantees.

Protect your home with confidence. Use our free quote comparison tool to find the best homeowners insurance companies offering the comprehensive coverage you need at low rates.