Lincoln County, ME homeowners insurance is roughly $578 to $785, about $48-$65/month. Our detailed guide reveals consumers can save upto $272 by comparing many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
As a homeowner in Lincoln County, Maine, it's important to have adequate insurance coverage to protect your home and belongings. Homeowners insurance is designed to protect your home and belongings from damage or loss due to fire, smoke, theft, vandalism, and other covered events. It can also provide liability coverage if someone is injured on your property.
The average cost of home insurance in Lincoln County, ME, is $794. When purchasing homeowners insurance, you want to be certain that you've taken all reasonable precautions to safeguard your largest investment. There are many possibilities when it comes time to get coverage. It can take time to choose the insurance plan that's best for you. Consider these factors when looking for homeowners insurance in Lincoln County, Maine.
Coverage Level
The amount of coverage you need depends on the value of your home and belongings and the amount of risk you're willing to take on. If you have a high-value home and belongings, you'll need to purchase more coverage to protect them. This will result in a higher premium. On the other hand, if you're willing to take on more risk, you can opt for a lower coverage level and save on your premium. For instance, homeowners in Lincoln County, Maine, who pay coverage of $200K, spend $754 for home insurance. In Lincoln County, Maine, homeowners typically opt for coverage between $100K and $300K, which costs $377 and $1425, respectively.
Deductibles
Your deductible is the amount of money you are responsible for paying out-of-pocket for repairs in case of a covered loss. Your deductible can have a big impact on your homeowners insurance costs. The higher your deductible, the lower your premium will be. This is because you are taking on more of the financial risk yourself, which means the insurance company will have to pay out less in case of a claim. You need to be sure you can afford to pay your deductible in the event of a loss. A good rule of thumb is to choose a deductible that you could comfortably pay out-of-pocket if you had to. In Lincoln County, Maine, homeowners who choose a $500 low deductible pay $784 for homeowners insurance. In contrast, homeowners in Lincoln County, Maine, who choose a high deductible of $2500 pay $570 for their house insurance.
Age of the Home
As the age of the home increases, the cost of homeowners insurance in Lincoln County, ME, will also increase. This is because older homes are more likely to have structural problems that can lead to expensive repairs. In addition, older homes are more likely to be located in areas prone to natural disasters, such as hurricanes and earthquakes. As a result, insurers will charge higher premiums to cover the increased risk. For instance, Lincoln County, Maine's homeowners insurance costs $806 and $825 for houses older than 30 and 50 years, respectively. On the other hand, newly built homes are less likely to sustain damage, and home insurance companies give them significant discounts. For instance, Lincoln County, Maine, offers $595 in insurance discounts for newly constructed homes.
Lincoln County, ME Home Value | Total Homes | % of Total | Average Lincoln County, ME Homeowners Insurance |
---|---|---|---|
Less than $50,000 | 787 | 7.0% | $81 |
$50,000 to $59,999 | 174 | 1.0% | $170 |
$60,000 to $69,999 | 180 | 1.0% | $211 |
$70,000 to $79,999 | 285 | 2.0% | $245 |
$80,000 to $89,999 | 419 | 3.0% | $279 |
$90,000 to $99,999 | 334 | 3.0% | $313 |
$100,000 to $124,999 | 988 | 9.0% | $360 |
$125,000 to $149,999 | 713 | 6.0% | $456 |
$150,000 to $174,999 | 1,287 | 12.0% | $537 |
$175,000 to $199,999 | 1,036 | 9.0% | $619 |
$200,000 to $249,999 | 1,811 | 17.0% | $749 |
$250,000 to $299,999 | 1,269 | 12.0% | $912 |
$300,000 to $399,999 | 1,203 | 11.0% | $1164 |
Home Insurance Company Near Lincoln County, ME | Homeowners Insurance Agency Near Lincoln County, ME | Address |
---|---|---|
NA | Maine Insurance Agency | 1250 Congress St, Portland, ME, 4102 |
NA | Macomber Farr & Whitten | One Market Square One Market Square, Augusta, ME, 4330 |
Liberty Mutual Independent | Averill Insurance Agency | 4 Walnut Hill Commons , North Yarmouth, ME, 4097 |
State Farm | Dennis Keller | 30 Bangor St, Augusta, ME, 04330-4802 |
Allstate | Harold W Bishop Agency Inc | 3 Bridge St , Boothbay Harbor, ME, 4538 |
Streets in Lincoln County Area | Homeowners Insurance Cost |
---|---|
Pemaquid Villas Rd, W Ridge Rd, Long Cove Way, S Fowles Ln, Narrow Ridge Rd, Rte 32, Atlantic Ave, Tac Way, Ridge Rd, Academy Hill St | $698 |
Lord Rd, Winslow Hill Rd, Finntown Rd, Quarry Pt Rd, Upper East Pond Rd, Head Gate, Pine Ledge Dr, Youngs Rd, Rooney Ln, R-1 | $694 |
Blair Rd, Rial Herald Rd, Old Augusta Rd, Knoll Farm Ln, Bay St, Sidelinger Rd, Elm, Hoffses Rd, Holstein Ln, Pinewood Dr | $659 |
Harrington Rd, S Hunts Meadow Rd, Morton St, Pension Ridge Rd, Fire Rd S16, Belle Acqua Ln, Brick Hill Rd, Beach Hill Rd, Sara Ln, E Shore Rd | $675 |
Medomak Valley Est, Keahail Pt Rd, Fawn Ln, Beach Ln, Pot Hole Ln, Lobster Cove Rd, I8, Biscay Rd, Beach Rose Ln, Cove Field Rd | $697 |
Atlantic Hwy, N Nobleboro Rd, One Pie Rd, Blackberry Ln, State Rte 96, Old Country Rd, Kehail Point Rd, State Rte 144, Pig Cove Rd, Fl E1 | $709 |
Colomy Ln, Turner Ridge Rd, Stagecoach Rd, Bog Rd, Walker Rd, Lilac Ln, Taylor Dr, Sand Hill Rd, Wadsworth Hill Rd, Chamberlain Brook Ln | $665 |
Philbrick Ln, Storer Mountain Rd, Middle St, Eames Rd, Breezy Point Ln, Lakehurst Ln, Presley Dr, Mill Rd, Cedar Ridge Rd, Birch View Dr | $662 |
Genthner Rd, Pepper Rd, State Rte 127, Mayo Rd, Wood Ln, Fullerton Ct, Friendship Rd, I179, Sennett Rd, Austin Rd | $656 |
Weaver Rd, B-31-5, Pittston Rd, Boynton Ln, Modockowando Trl, Vigue Rd, Oxbow Ln, Barter Ln, E Branch Rd, Weary Pond Rd | $662 |
Place | Savings For Senior Occupied Homes |
---|---|
Lincoln County | $101 to $104 |
Damariscotta | $103 |
Bremen | $102 |
Newcastle | $106 |
Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
---|---|---|---|
Damariscotta town, Lincoln County, Maine | $104 | $138 | $207 |
Bremen town, Lincoln County, Maine | $103 | $137 | $206 |
Newcastle town, Lincoln County, Maine | $106 | $141 | $212 |
Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
---|---|---|
Lincoln County, ME | 4.6% | 12.9% |
Damariscotta | 3.62% | 14.38% |
Bremen | 4.98% | 13.84% |
Newcastle | 3.7% | 12.27% |
Lincoln County Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
---|---|---|---|
$200 to $299 | 104 | 5.0% | $782 |
$300 to $499 | 65 | 3.0% | $1232 |
$500 to $749 | 596 | 29.0% | $1907 |
$750 to $999 | 693 | 33.0% | $2657 |
$1,000 to $1,499 | 443 | 21.0% | $3782 |
$1,500 or more | 128 | 6.0% | $5432 |