Portland Homeowners Insurance Rate Quotes

Looking to save money on Homeowners insurance in Portland, ME? We can help. Simply enter your zipcode in the graphic below and hit the go button. We'll provide you with multiple quotes from the best insurance companies. All you need to do is compare the coverage and pick the best policy for you.

Optimism is still expressed by experts when it comes to the housing market in Portland, despite declining house values and depreciation of resale homes. As of the first week of March 2009, the median price for resale homes listed is $273,900. During the same time period, there are a total of 354 homes for sale in the city, only 16 of them are foreclosed properties and virtually no newly constructed home is listed. This indicates a current lack of activity in real estate development, when the whole nation is still gripped with prevalent housing woes. It takes an average of 47 days for a home to be sold or taken off the market. There are more single family homes being sold in the market compared to condominium units, with the latter experiencing steady depreciation for several months now. The real estate market in the city is indicative of the overall activity in the state, since Portland is considered the largest housing market in Maine.

Portland, Maine

Portland is the county seat of Cumberland County and is considered the largest city in the state of Maine. There is an estimated population of 62,850 residents in the city. It faces the Gulf of Maine and is the location of the largest port of the state. During the recent years, Portland has received several recognitions and accolades, such as ranking #6 on the Top 10 Best Places to Live in 2007 by Relocate America. Frommer’s also selected the city as the one of the Top Travel Destinations for 2007. Portland is also considered the economic center of the region, led by its large services and financial services industries. Examples of large companies based in the city are the Bank of America, Fidelity Investments, Aetna, ImmuCell Corp., Unum, and Pioneer Telephone. The Port of Portland also makes a significant economic contribution, being the largest oil port in the U.S. East Coast and the largest port in the country that receives foreign inbound tonnage transit. There are also several institutions of higher education in the city, such as the Maine College of Art, the University of New England Westbrook College Campus, the University of Southern Maine, and the University of Maine School of Law.

Most people stay with the same homeowners insurance company their entire life. You could be paying too much unless your insurance company has customer loyalty discounts. To save money, you should shop your rates around periodically. We can help. If you live in Portland, Maine and would like to compare your homeowners insurance rates, enter your zip code above and click the go button. We will help you find cheap homeowners insurance rates. Best of all - it's free!