Bangor Insurance Rates:

Bangor, ME home insurance is about $561 to $761, about $46-$63/month. Our exhaustive guide shows customers can save as much as $264 by getting many quotes

Compare Quotes from Top Providers and Save now!

Read Bangor, Maine Homeowners Insurance reviews & compare quotes to get the best deal from the most trustworthy providers

Bangor Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $190/2 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $280,000

5 Beds, 5 Baths 3270 sqft Primary Residence Constructed In 1964 with Ceramic Tile Flooring, Asphalt Shingles Roof, Chainwall Foundation, Brick siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Swimming Pool, Fireplace, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Single Female who is a Freelancer with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $210/2 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $405,000

5 Beds, 5 Bath 4240 sqft Rental Property Constructed In 1982 with Hardwood Flooring, Slate Shingles Roof, Slab Foundation, Stucco siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Copper Water Pipes, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

70 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $780/8 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $285,000

5 Beds, 5 Bath 3670 sqft Primary Residence Constructed In 1988 with Linoleum, Membrane Roof, Chainwall Foundation, Brick siding, Wood Frame. Home Features Include Deadbolt Locks, Smoke Alarm, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Single Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $240/5 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $175,000

5 Beds, 5 Bath 1900 sqft Seasonal Residence Constructed In 1999 with Stone Flooring, Metal Roof, Chainwall Foundation, Brick siding, Brick Frame. Home Features Include Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

37 Years old Single Male who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Guests at home

Home Insurance Rate of $400/6 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $165,000

3 Beds, 3 Baths 1790 sqft Vacation Property Constructed In 1949 with Linoleum, Wood Shake Roof, Piers Foundation, Stone Siding, Metal Frame Construction. Home Features Include Fireplace, Indoor Sprinklers, Central Air Conditioning, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

32 Years old Married Male who is Unemployed and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $650/12 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $135,000

5 Beds, 5 Bath 1540 sqft Vacation Property Constructed In 1983 with Carpet over wood flooring, Metal Roof, Slab Foundation, Vinyl siding, Metal Frame Construction. Home Features Include Smoke Alarm, Copper Water Pipes, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

72 Years old Married Male who is Retired with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $320/5 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $300,000

5 Beds, 5 Bath 3820 sqft Vacation Property Constructed In 1984 with Carpet Flooring, Wood Shake Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

72 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $530/7 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $165,000

3 Beds, 3 Bath 1870 sqft Vacation Property Constructed In 1986 with Hardwood Flooring, Wood Shake Roof, Chainwall Foundation, Wood siding, Stucco Construction. Home Features Include Fireplace, Deadbolt Locks, Fire Extinguisher, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

36 Years old Divorced Male who has a Full Time Job with household income of $75-$100,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $50/1 month for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $125,000

4 Beds, 4 Baths 1670 sqft Vacation Property Constructed In 1947 with Wood Flooring, Wood Shake Roof, Slab Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

50 Years old Married Female who is a Freelancer with household income of more than $150,000 and has No Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $460/10 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $130,000

2 Beds, 2 Bath 1570 sqft Vacation Property Constructed In 1941 with Linoleum, Wood Shake Roof, Crawl Space Foundation, Brick siding, Metal Frame Construction. Home Features Include Copper Water Pipes, Indoor Sprinklers, Smoke Alarm, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $450/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $190,000

4 Beds, 4 Bath 1810 sqft Vacation Property Constructed In 1960 with Carpet Flooring, Metal Roof, Chainwall Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

38 Years old Single Female who is a Freelancer with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $430/5 months for $150,000-$175,000 Coverage
Policy Holder Home Details :

Home Value : $180,000

3 Beds, 3 Baths 1654 sqft Primary Residence Constructed In 1983 with Stone Flooring, Membrane Roof, Chainwall Foundation, Stucco siding, Brick Frame. Home Features Include Fire Extinguisher, Deadbolt Locks, Smoke Alarm, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

23 Years old Married Female who is a Freelancer with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Bangor Rates & Quotes Analysis:

Bangor Area Estimated House Insurance
Montgomery St, Palm St, Sunny Hollow Pl, Rice St, Pushaw Rd, Buck St, Kossuth St, Blue Hill W, Gilman Plz, Rolling Meadow Dr$651
Clark Ave, College Cir, Bowdoin Pl, Cherry Ln, Woodview Dr, Bower St, Hillside Ave, Chase Rd, Sanford St, Grace Ct$652
Doane St, Mount Desert Dr, Dillingham St, Dole Ct, Pleasantview Ave, Bangor Mall Blvd, Mildred Ave, Haskell Rd, Fawn Ct, Dayton St$661
Graham Ave N, Telcom Dr, Parkview Ave, Falvey St, Cottage St, Wingate Ct, Tyler Ave, Center Street Ave, Yale St, Parker St$654
Frances St, Dunning Blvd, Newbury St, Alder Ln, Banair Rd, Pond St, Union Pl, Fountain St, Finson Rd, Nicole Ct$648

Insurance rates are influenced by a number of factors including:

  • Year Built: 1,977 Homes (12% of total) built between 1950 to 1959 in Bangor are paying home insurance between $1,241-$1,251 compared to Veazie (+$12), Orono (+$28), Brewer (+$11), Kenduskeag (-$22) and Hudson (-$11).
  • Bedrooms: 4,923 2 bedrooms homes (33% of total homes ) in Bangor are paying about $404. Areas near to Bangor such as Veazie, Orono, Hermon are costlier by $3, $9, $8 respectively whereas Hudson and Bradley are more economical by $5, $3 respectively for similar homes.
  • Auto Insurance Bundling: 1,056 Households (16% of all households) in Bangor have 3 or more vehicles available and when it is bundled with home insurance you can save $165. Discounts for similar bundling in close by locations such as Veazie, Orono, Brewer come to $166, $169, $166 respectively.
  • Senior Discounts: 3,331 seniors (more than 55 years) occupied housing units (51% of total) in Bangor get discounts between $98 to $101 and differs from Veazie ($100), Orono ($101), Brewer ($99).
  • New Homes discounts: New homes such as the 3,809 homes built between 2000 to 2009 in Bangor can save $132 and similar new home insurance discounts in nearby towns and cities like Veazie, Orono and Brewer are $133, $135 and $133 respectively.

Bangor Homeowners insurance Facts

  • Bangor, ME has 6,415 owner occupied houses which is 45.1% of all units whereas Veazie, Orono and Brewer have 69.99%, 42.91% and 64.41% respectively.
  • Bangor, ME homeowners yearly insurance price at $661 is 0.45% of the typical house value of $147,200 which is in contrast with 0.41% in Veazie, 0.36% at Orono & 0.41% in Brewer.
  • Homeowners in Bangor, ME pay 2.03% of their income ($30,000 to $34,999) in insurance whereas homeowners in Veazie, Orono and Brewer pay 2.05%, 2.08% and 2.05% respectively.
  • Bangor, ME’s insurance is 4.1% of monthly housing costs of $1,349/month, for owners with a mortgage compared to 3.57% in Veazie, 3.85% at Orono & 3.94% in Brewer. But, for households without a mortgage, insurance is 10.1% of costs ($543 in Bangor, ME) in contrast with 11.41% in Veazie, 9.16% at Orono & 10.04% in Brewer.

Bangor, ME Home Values & Insurance rates

For example, insurance for 257 Homes (4.0% of total homes ) valued between $80,000 to $89,999 in Bangor, ME is about $376. Rates in nearby areas in such as Veazie, Orono, Brewer are cheaper by $36, $79, $30 respectively while Old Town and Kenduskeag are costlier by $25 and $129 respectively for similar homes.

Bangor, ME Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 508 8.0% $105
$50,000 to $59,999 74 1.0% $231
$60,000 to $69,999 137 2.0% $290
$70,000 to $79,999 130 2.0% $330
$80,000 to $89,999 257 4.0% $376
$90,000 to $99,999 233 3.0% $423
$100,000 to $124,999 991 15.0% $489
$125,000 to $149,999 989 15.0% $614
$150,000 to $174,999 955 15.0% $727
$175,000 to $199,999 739 11.0% $839
$200,000 to $249,999 673 10.0% $1011
$250,000 to $299,999 382 6.0% $1236
$300,000 to $399,999 178 2.0% $1566

Renters Insurance in Bangor

  • Average Renters Insurance in Bangor :  $172($14/month)

  • Median Gross Rent in Bangor :  $742

  • Bangor Renters Insurance to Median Rent Ratio:  1.89%

  • Renter occupied housing units in Bangor :  7,807

Bangor Renters Insurance as a Percentage of Rent

Bangor Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 355 4.0% $343
$200 to $299 362 4.0% $793
$300 to $499 566 7.0% $1243
$500 to $749 2,644 34.0% $1918
$750 to $999 2,433 31.0% $2668
$1,000 to $1,499 1,111 14.0% $3793
$1,500 or more 147 1.0% $5443

Rent Affordability in Bangor:

Approximately 48.0% (3,811) of households are spending more than 35% of their income on gross rent in Bangor

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 703 9.0%
15.0 to 19.9 percent 845 10.0%
20.0 to 24.9 percent 727 9.0%
25.0 to 29.9 percent 1,088 13.0%
30.0 to 34.9 percent 633 8.0%
35.0 percent or more 3,811 48.0%

Bangor Renters Insurance Discounts:

Bangor Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Bangor, ME Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 3,719 47.0% $17.2
2 vehicles available 1,848 23.0% $25.8
3 or more vehicles available 455 5.0% $34.4

Bangor Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 375 4.0% $74
60 to 64 years 437 5.0% $59
65 to 74 years 618 7.0% $48
75 years and over 691 8.0% $37

Protective device discount in Bangor Up to :  $25

Claims-free discount in Bangor Up to :  $34