Homeowners insurance in Maine: premium by ZIP code
Maine insurers paid out only 17% of premium in claims in 2022; the median ZIP code paid $1,149 per policy.
Independent site, not an insurer or a broker. Treasury figures cover 2018 to 2022 only.
Premium per policy in 2022, Maine (median ZIP code)
$1,149
Average paid per HO-3 or HO-5 policy, inflation-adjusted as published by the Treasury. At September 2026 prices: about $1,530.
| Change from 2018 to 2022, after inflation | +5.2% |
| Premium per policy in 2018 | $1,092 |
| Premium per policy in 2022 | $1,149 |
| 2022 premium carried to September 2026 (BLS index) | $1,530 |
| Policies not renewed by the insurer, 2022 | 0.54% |
| Claims paid per 100 policies, yearly average | 2.7 |
| Average claim paid, 2018 to 2022 (adjusted) | $11,723 |
| Cancelled for nonpayment, 2022 | 1.61% |
Treasury data stop in 2022. The September 2026 figure applies the national BLS price index to the 2022 value, read as 2022 dollars: an estimate, not a quote.
Compiled by Radif Partners · Where the numbers come from · 396 ZIP codes in 16 counties of Maine in the Treasury file · not a quote
Maine is among the cheapest and calmest states for homeowners insurance in the Treasury file. The median ZIP code paid $1,149 per policy in 2022, ranked 46 of 51 and well below the national $1,551, after a rise of +5.0% after inflation. Insurers paid few claims, 2.7 per 100 policies a year, ranked 48, and small ones, $11,723 on average, ranked 48. As a result the paid loss ratio stayed between 15% and 21%, the lowest range in the country. Nonrenewals fell from 1.21% in 2019 to 0.54% in 2022. The coast is the exception: Hancock County, with Mount Desert Island, had a median of $1,550, well above the state, and its ZIP 04675 paid $5,897. Aroostook County in the north was among the cheapest. Maine has no FAIR plan for homes. The data stop in 2022.
Inland Maine and the County
Penobscot County, around Bangor, had 39 ZIP codes in the file and a median of $1,041 in 2022. Aroostook County, "the County" to Mainers, paid $1,036, and its ZIP codes 04785 and 04756 were the cheapest in the state at $878 and $908. Many rural Maine ZIP codes have few insurers, and the file only lists those with ten or more, so the most remote towns may be missing.
The coast and the islands
Cumberland County, around Portland, had a median of $1,375, after a rise of +5.5% after inflation. Hancock County paid $1,550; its ZIP 04675 and 04662 paid $5,897 and $4,820, with large seasonal houses on the shore. Coastal storms and nor'easters bring wind and ice damage, and seasonal homes that stand empty in winter carry the risk of frozen pipes, which many policies limit when a house is unheated.
A small ice dam claim in Maine
Example, not your result yet· change a figure to see yours
Filing leaves you ahead by
$1,220
| Claim payment after deductible | $2,000 |
| Extra premium over the period | $780 |
| National median claim paid, 2018 to 2022 | $15,105 |
Why losses were so low
Maine has little hail, rare hurricanes and few wildfires. Paid claims per 100 policies fell from 3.1 in 2018 to 2.3 in 2022, and the paid loss ratio from 21% to 17%. Winter is the main source of claims: ice dams that push water under the shingles, pipes that freeze, and roofs that fail under heavy snow. Ice dam damage inside the house is usually covered; the ice dam itself, and gradual leaks, often are not. With claims this small, filing one near the deductible is rarely worth it, as the calculator above shows.
Renewals and the regulator
The median nonrenewal rate was 1.21% in 2019, among the higher rates that year, and fell to 0.54% by 2022, ranked 43 of 51. Maine has no residual market plan for homes listed in the Treasury report. The Maine Bureau of Insurance handles complaints and publishes consumer guides. Oil heat is common in Maine; some insurers ask about the age of the tank, since a leak can be costly and is often excluded.
Maine, year by year
| Year | Maine median ZIP | National median ZIP | Nonrenewal rate | Claims per 100 policies | Paid loss ratio |
|---|---|---|---|---|---|
| 2018 | $1,092 | $1,445 | 0.99% | 3.1 | 21% |
| 2019 | $1,132 | $1,469 | 1.21% | 3 | 20% |
| 2020 | $1,124 | $1,491 | 0.73% | 2.6 | 16% |
| 2021 | $1,126 | $1,521 | 0.68% | 2.2 | 15% |
| 2022 | $1,149 | $1,551 | 0.54% | 2.3 | 17% |
The Maine counties with the most ZIP codes in the file
| County | ZIP codes | Median 2018 | Median 2022 | Change | Nonrenewal 2022 | Average claim |
|---|---|---|---|---|---|---|
| Penobscot County | 39 | $1,016 | $1,041 | +1.9% | 0.60% | $11,452 |
| Aroostook County | 37 | $962 | $1,036 | +6.6% | 0.61% | $10,099 |
| Hancock County | 37 | $1,458 | $1,550 | +5.0% | 0.39% | $9,112 |
| Cumberland County | 36 | $1,277 | $1,375 | +5.5% | 0.50% | $13,138 |
| York County | 36 | $1,109 | $1,154 | +5.5% | 0.57% | $13,450 |
| Oxford County | 29 | $1,152 | $1,170 | +4.8% | 0.67% | $20,260 |
| Kennebec County | 26 | $1,089 | $1,137 | +4.0% | 0.53% | $12,222 |
| Washington County | 26 | $1,106 | $1,165 | +4.3% | 0.52% | $9,300 |
Highest and lowest premiums per policy, Maine ZIP codes, 2022
| ZIP code | County | Premium per policy | Change since 2018 | Nonrenewal 2022 |
|---|---|---|---|---|
| 04675 | Hancock County | $5,897 | +37.0% | 0.00% |
| 04662 | Hancock County | $4,820 | +18.6% | 0.39% |
| 04853 | Knox County | $3,549 | +19.2% | 1.37% |
| 03911 | York County | $3,406 | +12.8% | 2.13% |
| 04848 | Waldo County | $3,244 | -2.6% | 0.54% |
| 04785 | Aroostook County | $878 | +2.5% | 0.72% |
| 04756 | Aroostook County | $908 | +10.5% | 0.76% |
| 04773 | Aroostook County | $917 | -12.0% | 0.42% |
| 04746 | Aroostook County | $925 | +15.5% | 1.80% |
| 04346 | Kennebec County | $925 | +4.1% | 0.59% |