Portland Insurance Rates:

Portland, ME home insurance is nearly $590 to $800, about $49-$66/month. Our in depth research indicates shoppers can save upto $278 by getting multiple quotes

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Portland Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Farmers Insurance
Home Insurance Rate of $370/5 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $185,000

3 Beds, 3 Baths 1210 sqft Vacation Property Constructed In 1992 with Stone Flooring, Membrane Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Copper Water Pipes, Fireplace, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

45 Years old Divorced Male who is a Freelancer with household income of $100-$150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $150/3 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $275,000

4 Beds, 4 Baths 1810 sqft Primary Residence Constructed In 1996 with Carpet over wood flooring, Asphalt Shingles Roof, Chainwall Foundation, Vinyl siding, Brick Frame. Home Features Include Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

53 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $1070/12 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $445,000

5 Beds, 5 Baths 2910 sqft Rental Property Constructed In 1995 with Linoleum, Wood Shake Roof, Slab Foundation, Wood siding, Brick Frame. Home Features Include Swimming Pool, Copper Water Pipes, Indoor Sprinklers, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

33 Years old Single Female who has a Full Time Job with household income of $75-$100,000 and has 3 Pets and is a Smoker

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

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $350/4 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $240,000

3 Beds, 3 Bath 1540 sqft Seasonal Residence Constructed In 1948 with Carpet Flooring, Composition Roof, Crawl Space Foundation, Wood siding, Metal Frame Construction. Home Features Include Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

74 Years old Married Female who is Retired with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

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

  • 550-599 Credit Score

  • Guests at home

Home Insurance Rate of $250/6 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $170,000

3 Beds, 3 Bath 1620 sqft Primary Residence Constructed In 1995 with Carpet over wood flooring, Metal Roof, Crawl Space Foundation, Vinyl siding, Brick Frame. Home Features Include Deadbolt Locks, Indoor Sprinklers, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

39 Years old Married 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

  • 750-799 Credit Score

Home Insurance Rate of $200/2 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $220,000

3 Beds, 3 Baths 1710 sqft Seasonal Residence Constructed In 1998 with Stone Flooring, Composition Roof, Slab Foundation, Stucco siding, Stucco Construction. Home Features Include Copper Water Pipes, Deadbolt Locks, Smoke Alarm, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

72 Years old Married Female who is Unemployed and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $300/9 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $185,000

2 Beds, 2 Bath 1190 sqft Rental Property Constructed In 1949 with Hardwood Flooring, Metal Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Central Air Conditioning, Swimming Pool, Copper Water Pipes, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

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

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

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $420/3 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $280,000

3 Beds, 3 Baths 1940 sqft Seasonal Residence Constructed In 1948 with Wood Flooring, Shingles Roof, Chainwall Foundation, Wood siding, Stucco Construction. Home Features Include Deadbolt Locks, Copper Water Pipes, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

36 Years old Married Male who has a Full Time Job with household income of more than $150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $510/5 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $440,000

5 Beds, 5 Bath 3610 sqft Rental Property Constructed In 1997 with Linoleum, Composition Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Smoke Alarm, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

30 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $620/5 months for $250,000-$300,000 Coverage
Policy Holder Home Details :

Home Value : $235,000

2 Beds, 2 Bath 1117 sqft Primary Residence Constructed In 1937 with Carpet over wood flooring, Wood Shake Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Copper Water Pipes, Fire Extinguisher, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

35 Years old Single Female who has a Full Time Job with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Guests at home

Portland Rates & Quotes Analysis:

Portland Area Estimated House Insurance
Hancock St, Ivy St, Schooner Ln, Candlewyck Rd, Terrace Ave, Providence St, Warwick St, Lester Dr, A St, Oxford St$690
Roundabout Ln, Tate St, Munjoy S, Greenwood Ln, Tampa St, Rosemont Ave, Mayfield St, Stonecrest Dr, Harvard St, Avalon Rd$682
Torrington Ave, Boyd St, Clayton St, Wolcott St, Racine Ave, Ruby Ln, Eastern Promenade, Belknap St, Evergreen Ave, Custom House Wharf$699
Carleton St, Shepley St, Hunt St, Fox St, Columbia Rd, Cedarhurst Ln, Grace St, Washington Ave Exd, Houlton St, Sunset Ave$761
Florida Ave, Payson St, Hillcrest W, Wilson St, Abbott St, Purchas St, Frederick St, Sterling St, Winslow St, Commercial St$683
Longview Dr, Bishop St, Back Cove Estate, 5th St, Longfellow St, International Pkwy, Dorothy St, Birchwood Ave, Merriam St, Taft Ave$685
Poland St, McKinley Ct, True St, City Center, Ricker Park, Cove St, Candlewyck Ter, Revere St, E E Cove St, Kingsmark Ln$682
Bay St Exd, Neal St, Corless, Frances St, Ashmont St, Grafton St, Douglass Cir, College St, Phipps Rd, Veranda St$686
Willis St, Nicholas Ct, Deerfield Rd, Exchange St, Rustic Ln, Hadlock's Cove Rd, Range St, Reed Ave, Winter St, Prince Ave$739
View St, Lynn St, Saint Jude St, Silver St, Newton St, Monument Sq, Boynton St, Bryant St, Sherwood St, Spruce St$685

Insurance rates are influenced by a number of factors including:

  • Year Built: 17,588 Homes (51% of total homes ) built between 1939 or earlier in Portland are paying home insurance between $1,486-$1,497. Places close to Portland, ME such as Long Island, Cape Elizabeth, Falmouth Foreside are more expensive by $37, $88, $133 respectively while South Portland and Westbrook are cheaper by $15 and $34 respectively for similar homes.
  • Bedrooms: 9,215 3 bedrooms homes (28% of total homes ) in Portland are paying about $543 and differs from Long Island (+$14), Cape Elizabeth (+$25), Falmouth Foreside (+$40), South Portland (-$13) and Westbrook (-$20).
  • Auto Insurance Bundling: 5,766 Households (41% of all households) in Portland have 2 vehicles available and when it is bundled with home insurance you can save $139 in contrast with Long Island ($142), Cape Elizabeth ($147), South Portland ($137).
  • Senior Discounts: 6,145 seniors (more than 55 years) occupied housing units (44% of total) in Portland get discounts between $104 to $106 compared to Long Island ($106), Cape Elizabeth ($110), South Portland ($103).
  • New Homes discounts: New homes such as the 6,277 homes built between 2000 to 2009 in Portland can save $139 and differs from Long Island ($142), Cape Elizabeth ($147), South Portland ($137).

Portland Homeowners insurance Facts

  • Portland, ME has 13,779 owner occupied houses which is 44.7% of all units whereas Long Island, Cape Elizabeth and South Portland have 73.86%, 87.26% and 61.53% respectively.
  • Portland, ME homeowners yearly insurance price at $695 is 0.29% of the typical house value of $241,700 which is in contrast with 0.25% in Long Island, 0.2% at Cape Elizabeth & 0.31% in South Portland.
  • Homeowners in Portland, ME pay 3.09% of their income ($20,000 to $24,999) in insurance whereas homeowners in Long Island, Cape Elizabeth and South Portland pay 3.17%, 3.28% and 3.06% respectively.
  • Portland, ME’s insurance is 3.3% of monthly housing costs of $1,770/month, for owners with a mortgage compared to 3.19% in Long Island, 2.67% at Cape Elizabeth & 3.48% in South Portland. But, for households without a mortgage, insurance is 8.6% of costs ($670 in Portland, ME) in contrast with 13.03% in Long Island, 7.48% at Cape Elizabeth & 10.26% in South Portland.

Portland, ME Home Values & Insurance rates

For example, insurance for 191 Homes (1.0% of total homes ) valued between Less than $50,000 in Portland, ME is about $69. Rates in nearby areas in such as Cape Elizabeth, Falmouth Foreside, Scarborough are cheaper by $25, $24, $12 respectively while South Portland and Westbrook are costlier by $6 and $12 respectively for similar homes.

Portland, ME Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 191 1.0% $69
$100,000 to $124,999 372 3.0% $312
$125,000 to $149,999 518 4.0% $389
$150,000 to $174,999 1,242 10.0% $465
$175,000 to $199,999 1,629 13.0% $535
$200,000 to $249,999 3,381 28.0% $646
$250,000 to $299,999 2,491 20.0% $785
$300,000 to $399,999 2,080 17.0% $1000

Renters Insurance in Portland

  • Average Renters Insurance in Portland :  $102($8/month)

  • Median Gross Rent in Portland :  $892

  • Portland Renters Insurance to Median Rent Ratio:  0.9%

  • Average household size of renter-occupied unit :  1.88

Portland Renters Insurance as a Percentage of Rent

Portland Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 503 3.0% $325
$200 to $299 1,109 6.0% $775
$300 to $499 1,127 6.0% $1225
$500 to $749 2,816 16.0% $1900
$750 to $999 4,908 29.0% $2650
$1,000 to $1,499 4,824 29.0% $3775
$1,500 or more 1,281 7.0% $5425

Protective device discount in Portland Up to :  $15

Claims-free discount in Portland Up to :  $20