Home Insurance in Augusta, Maine
With a median home value of $201,000, Augusta is 16% lower than the Kennebec County median.
The typical home in Augusta was built around 1965. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. About 45% of homes were built before 1960, about 10 points above Kennebec County's 34%.
In Augusta, the housing stock is 52% single-family homes, 26% apartments in buildings with 5+ units and 5% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 60% of owner-occupied homes in Augusta have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Augusta has an owner-occupancy rate of 54% and a vacancy rate of 7%; unoccupied homes typically need a different coverage form.
59% of homes in Augusta are primarily heated with fuel oil. Homes heated with propane and fuel oil can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
FEMA rates Kennebec County's overall risk as Relatively Low, led by winter weather (Very High). Kennebec County had 304 active NFIP flood policies as of September 2026. See the full Kennebec County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Maine carries a statewide average premium of $1,150 per year.
Key figures
| Median home value | $201,000 |
|---|---|
| Median year built | 1965 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 60% |
| Top county hazard | Winter Weather (Very High) |
| Active NFIP policies in Kennebec County | 304 |
| Home insurance premium | $1,150 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)