The 4 Best Maine Homeowners Insurance Companies

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Lucky for homeowners in Maine, the state has among the lowest premium rates in the country despite the harsh New England weather. Nonetheless, prospective homeowners should seek out a policy that is both price-effective and offers protection for things like flooding and frozen pipes, two of the more common disasters affecting Maine homes.

We’ve surveyed the top homeowners insurance providers in Maine and outlined our picks for the most cost-effective and highest-value companies to insure with. In addition, we’ve also included an online quote tool so you can easily compare policies and accurate prices in your area before making a decision.

Find the Best Home Insurance

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Liberty Mutual

Liberty Mutual’s broad policy options, significant premium discount opportunities, and customer-focused claims services make it one of the most popular options for homeowners insurance in Maine.

Coverage options include personal property and liability insurance, additional living expenses if you are displaced from your home, and Home Protector Plus, which includes comprehensive coverage and benefits to allow full replacement of your property and dwelling.

Liberty Mutual helps you save money by extending discounts to customers who bundle auto and home policies, install protective devices like fire alarms and sprinklers, and are insuring new or recently renovated homes. Customers who belong to one of Liberty Mutual’s 14,000 affiliate organizations and networks have access to further savings and exclusive member benefits.

If you experience a loss, Liberty Mutual makes recovering a hassle-free process. You can report a claim online or through the company’s 24/7 claims hotline. Should your home require immediate renovation after a disaster, Liberty Mutual’s Emergency Repair Service program will set you up with a reputable local contractor to carry out the maintenance necessary to restore your home to safety. Policyholders also have access to the company’s Catastrophe Center, an online educational resource page that provides tips for safeguarding your home and efficiently recovering from damage.

The Hanover

The Hanover offers Platinum Home Insurance with three distinct coverage packages, so you can select the amount of protection you feel most comfortable with for your living situation and budget.

Each standard policy from The Hanover protects single-family homes and condos, and includes things like fire extinguisher replacement, roof restoration coverage, extended replacement cost for your dwelling and personal property, and lock replacement coverage. Add-on options include guaranteed replacement cost, equipment breakdown coverage for major home systems and appliances, as well as identity restoration services.

Although The Hanover does not offer an online quote tool or much information on premium discount options, the company has hundreds of independent and local agents located across Maine. Use their agent locator to easily get in contact and determine whether insuring with The Hanover is the right decision for your home.

State Farm

State Farm is the largest provider of homeowners insurance in the country and is a popular option for Maine residents. State Farm offers coverage options for nearly every type of standard dwelling — be it a single family home, condominium, manufactured home, or farm/ranch.

A baseline policy from State Farm protects any damage made to your dwelling from fire, lightning, windstorm, hail, vandalism, or theft. Add-on options include personal liability and injury coverage, identity restoration services, and extra protection for home businesses like day-cares and home offices.

In addition to offering extensive policy options, State Farm also has a world-class claims services department. In the event that you experience a loss and need to file a claim, you can do so via the company’s 24-hour reporting hotline, online, in person with a local State Farm agent, or using the Pocket Agent mobile app.

State Farm offers a number of claims management resources. Their HomeIndex tool allows you to virtually catalog all of their possessions and their worth, so you can respond efficiently after a loss.

Finally, 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.

Progressive

Progressive offers comprehensive homeowners insurance coverage options in Maine at an affordable price. A standard policy protects damage made to your dwelling and personal belongings, offers liability protection and pays for any medical bills incurred as a result of a covered loss.

Optional coverage from Progressive includes increased valuables protection, a personal umbrella policy that offers up to $5 million against liability claims, and guaranteed replacement coverage for complete repair of your home and its contents. Progressive also features a highly rated customer service department, making it easy to file a claim or ask a question pertaining to your policy.

Progressive offers customers ways to save by extending premium discounts for bundling policies and installing security devices. However, the company is missing many popular options offered by competitors. If you are insuring a new or recently renovated home or have a long claim-free history, we would suggest factoring in potential savings you may receive from other homeowners insurance companies when comparing policies and prices.

Find the Best Home Insurance Rates

Enter your ZIP code below and be sure to click at least 2-3 companies to find the very best rate.

Best Maine Homeowners Insurance Companies

  • Liberty Mutual
  • State Farm
  • The Hanover
  • Progressive

For the complete guide to insuring your home, read our Guide to Home Insurance and check out our Best Home Insurance Companies nationwide.