Maine is not known for natural disasters or any sort of drama that would require drastic homeowners insurance. Maine residents pay, on average, just $843 - a whopping $300 less than the national average.
Still, homeowners insurance is an important purchase for home buyers. Lenders may require borrowers to get homeowners insurance. As the world starts to see more drastic changes in weather, homeowners insurance is a more valuable purchase no matter where you live. Take a look at the top five homeowners insurance providers in Maine and start shopping.
Top 5 Homeowners Insurance Providers in Maine
State Farm offers an extensive quote process that allows you to assess the value of your home and possessions before you purchase a plan. This is a great place to start shopping if you don’t know what type of coverage you need or how much you should pay.
State Farm is more expensive than other plans, but offers one of the most reliable services in the insurance world. Homeowners in Maine can rest easy knowing their claims will be handled properly and that customer service representatives are easy to reach. If you are looking for auto insurance alongside homeowners insurance, you may be able to purchase a more affordable bundle.
Liberty Mutual offers the reassurance of a large insurance company without the high prices of State Farm. Homeowners can choose a simple plan with premiums starting at just $500. Use the website’s online quote tool just to see how much you will save with Liberty Mutual. Take advantage of Liberty’s 12 discounts (if you qualify.) Teachers, buyers in new homes, and other customers can get unique discounts that may not be found in other plans.
In order to get an online quote, make sure you have detailed information about your home and possessions. Homeowners insurance doesn’t just cover the structure of your home - you should be able to get coverage the items in your home. Do not forget to consider these items when you are shopping for insurance policies.
Allstate is another big player that offers an extensive list of discounts - 14, to be exact. Homeowners that don’t make any claims will also be able to get money back on their premiums.
In many states, Allstate offers online quotes and the ability to purchase a plan without speaking to any representative. These services are not available in Maine, so leave yourself some time to contact customer service and talk to a representative on the phone. Allstate has a reputation for excellent customer service no matter where you live.
If you prefer an alternative insurance network, call The Hanover. The Hanover operates as a holding company for many different independent insurance agents. While you are on your call, your agent can help you look at different insurance companies and plans. Get personalized recommendations from a real person. Customer service throughout The Hanover’s agents doesn’t have the highest rating, but customers are typically very satisfied with overall claim handling and coverage.
MMG Insurance is one of the top insurance companies in the state of Maine, but residents typically need to speak with an agent before they can get a good idea of how coverage works and how claims are handled. Customers who prefer to speak to an agent will be able to get all of the information they need on discounts, rates, and opportunities to bundle packages with auto insurance. Give yourself some time to include MMG in your search and get insider information from a local, independent agent in Maine.
Additional Considerations Before You Commit to a Homeowners Insurance Carrier
Again, Maine residents don’t have to get extensive coverage to cover all potential natural disasters. Hazard insurance isn’t necessary, but it is still worth looking into additional coverage. If you are close to water, however, you may want to look into plans that include hurricane insurance. One of the top claims made throughout Maine is wind damage, and the prevalence of storms along the coast is higher than ever.
If you’re currently evaluating your options for homeowners insurance on your next property in Maine, a good first step is to connect with an experienced local real estate agent.
Agents can provide valuable guidance and advice on what kind of coverage you should be looking for, how much you’ll need given your property type and location, and make recommendations that can help you save on your monthly premium. They can also point you in the direction of quality insurance carriers and trustworthy local agencies or independent agents.
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