"Maine has 451,090 insured homeowner households in total-250,316 with a mortgage and 200,774 without. Among mortgaged owners, 22,458 pay less than $100 annually and 7,049 pay $4,000 or more. Among those without a mortgage, 37,135 pay less than $100 and 3,840 pay $4,000 or more. When compared with nearby New England states, Maine is clearly on the affordable side. Massachusetts homeowners with a mortgage typically pay $1,500-$1,999, while Rhode Island averages the same. Connecticut is also higher, at $1,500-$1,999 for mortgaged households."
"While insurance premiums are rising rapidly in coastal states along the Gulf and Atlantic, new data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report show that Maine remains one of the least expensive states for homeowners coverage. According to newly released American Community Survey (ACS) data from the U.S. Census Bureau, Maine homeowners with a mortgage typically pay $1,000-$1,499 annually for homeowners insurance, while those without a mortgage average just $800-$999. Overall statewide costs fall into the $800-$999 range."
Insurance premiums are rising rapidly in coastal Gulf and Atlantic states, but Maine remains one of the least expensive states for homeowners coverage. American Community Survey data show Maine homeowners with a mortgage typically pay $1,000–$1,499 annually for homeowners insurance, while homeowners without a mortgage average $800–$999. Overall statewide costs fall into the $800–$999 range. Maine has 451,090 insured homeowner households total: 250,316 with a mortgage and 200,774 without. Among mortgaged owners, 22,458 pay less than $100 annually and 7,049 pay $4,000 or more. Among owners without a mortgage, 37,135 pay less than $100 and 3,840 pay $4,000 or more. Nearby New England states report higher typical premiums for mortgaged households.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]