What Is The Housing Insurance In Maine Per Year? vdiHj5x
In Maine, the average cost of homeowners insurance in 2025 is projected to be around $1,227 per year, which translates to approximately $102 per month. This figure indicates a significant contrast when compared to national averages, as it is notably lower than many other states.
Several sources indicate fluctuations based on specific factors such as location and property value. For instance, an article from Policygenius notes that the average cost was about $1,020 per year in 2024. Another report from Bankrate supports this, stating that premiums can range from $1,450 to $5,287 depending on the coverage selected.
However, increases in premiums have been predicted in the coming years, with some estimates suggesting they may rise towards $2,700 annually due to factors such as climate change and increasing risks of wildfires and flooding.
To summarize the various insights on homeowners insurance in Maine:
- Average annual cost: Approximately $1,227 in 2025 (Bankrate).
- Monthly average: Around $102 (Bankrate).
- 2024 observations: About $1,020 per year reported by Policygenius.
- Estimated future costs: May climb to about $2,700 annually due to environmental factors (Press Herald).
- Premium ranges: Between $1,450 and $5,287 depending on coverage needs (ValuePenguin).
For comprehensive information on homeowners insurance in Maine, you can refer to the following articles:
- Home Insurance Rates by State for 2025 - Bankrate
- Maine home insurance rates are rising. Blame climate change. - Press Herald
- Best Maine Homeowners Insurance In 2025 - A Plus Insurance
- Average Cost of Homeowners Insurance (2025) - ValuePenguin
- Average homeowners insurance cost in January 2025 | Bankrate
- Best Homeowners Insurance in Maine (2024) - Policygenius
- Average Cost of Homeowners Insurance in Maine (2024) - MoneyGeek
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