Maine homeowners insurance costs an average of $956 per year for $250,000 of dwelling coverage, which is 37% cheaper than the national average of $1,312.
Maine homeowners pay more than homeowners in neighboring states, despite the fact that the average cost of home insurance in Maine is significantly below the national average. New Hampshire homeowners, for example, pay an average annual premium of $724 per year, whereas Vermont homeowners pay only $686 per year. This could be due to the fact that most of Maine is forested and secluded, as well as the fact that Atlantic Ocean weather events such as tropical cyclones and nor’easters have a large impact. Additionally. Wildfires are becoming more common in Maine, as they are in the rest of New England, and they can inflict significant damage or perhaps destroy your home.
How much is home insurance a month in Maine?
According to QuoteWizard’s most recent rate study, the average monthly cost of homeowners insurance in Maine is $93 per month, but you can save money by comparing quotes from regional and national insurance firms. Here’s everything you need to know about getting the finest Maine homeowners insurance.