Saving Money on Maine Home Insurance

Maine homeowners pay way too much for home insurance. The average policy is $596* per year, roughly $50 per month. But Maine home insurance could cost a fraction of that price if you follow a few money-saving tips.

Cut Maine Home Insurance Costs

If you own a home in Maine, home insurance doesn’t have to be pricey. Here are a few tips to help you cut costs:

• Scoop up all the discounts you can, including discounts for owning a new home, security systems (especially those that alert an outside service), non-smokers, senior homeowners or loyal customers
• Ask your agent about dropping coverage on the value of your land. Unlike your home, the land will likely remain intact following a disaster.
• Insure your car and home with the same insurance company. It could land you a multi-policy discount.
• Raise your deductible; doing do will help you secure a cheaper premium.

Shop Around for Quotes

Shopping around is an overlooked way to save a fortune on Maine home insurance. The exact same coverage may be cheaper with another insurer, but you’ll never know until you shop around. If you’re paying too much for home insurance, compare home insurance quotes and search for more affordable coverage. It could save you hundreds of dollars per year.

Remember: If you’re paying too much for home insurance, you have plenty of options. Do your best to reduce your costs and, if you’re still paying too much, shop around for a cheaper policy.

*NAIC, 2007 data