Tips for Homeowners

Saving on Home Insurance in Maine

When searching for the cheapest home insurance in Maine it is important to compare rates from all companies.

Maine is among the lowest premium rates in the country despite the harsh weather like flooding and frozen pipes that is more common in Maine homes. The state’s average annual home insurance premiums sit on a low side of $843 per year, compared to the nationwide average of $1,173.

To seek out a home insurance policy that is both price-effective and offers protection is to survey top home insurance providers. Evaluating top companies must include an online quote tool, coverage options, policy and endorsements, accurate prices, and discounts.

Maine’s Best Home Insurance Providers

State Farm

A popular option for Maine residents because of its simplicity in the claiming process and the timeless of the payment. State Farm’s baseline policy protects any damages made by fire, lightning, windstorm, hail, vandalism, or theft. When it comes to claiming, the customer can use State Farm’s Pocket Agent mobile app, a 24-hour reporting hotline for claims services.

Moreover, the State Farm’s Premier Service program can help you recover from a covered loss sooner by connecting you with local vetted contractors in your area to carry out emergency repairs. The company also allows customers to purchase a policy online without speaking to an agent.  State Farm’s online quote process was the most detailed of all the home insurance company.

The Hanover

The Hanover offers a standard policy which can protect single-family homes and condos. The company also offers add-on options that include guaranteed replacement cost, equipment breakdown coverage, and identity restoration services.  Although The Hanover does not have an online quote tool, the customer, however, can manage their policy online once they are signed up.

The company operates quite different from other home insurance company. The advantage of working with independent agents is that the customer can do a comparison with multiple companies at once. The Hanover also offers rare deductible options, a single deductible for both home and auto insurance.


Offers comprehensive home insurance coverage as well as, ways on how the customer can save money by extending premium discounts for bundling policies and installing security devices. Progressive’s standard policy protects damage made to your personal belonging and pays for any medical bills as a result of a covered loss.

Progressive also offers optional coverage for valuable protection against liability claims and guaranteed complete replacement coverage for your home and its contents.

Liberty Manual

Just like the other company, Liberty Manual allows the customer to purchase a home insurance policy through online by giving customer’s detailed information about home’s construction. The coverage options include personal property and liability insurance.

Liberty Manual is the most affordable provider because of its impressive list of 12 discounts it offers. What makes Liberty Manual most popular is their broad policy, significant premium discount opportunities, and its 24/7 customer-focused claims hotline. Moreover, the policyholder can also access the company’s Catastrophe Center, an online educational resource page that tackles about how to keep your home safe efficiently.

Put in mind that premiums may differ through location, company, home size, and assets. It is vital to understand when it comes to making a large financial investment, such as purchasing a house. The best thing you can do is to look on company’s financial strength rating to ensure that they were financially sound and able to pay out claims when necessary.