The average annual cost of full coverage car insurance in Maine is $965. This is one of the lowest averages in the country, a far cry from the national average of $1,674 and slightly below one of its largest cities, Portland ($80). The average annual cost of the state-required minimum liability car insurance is $294, much lower than the national average for car insurance at $565.
Even though Maine has high limits on its required liability insurance, overall premium quotes are lower than most states due to a low population density – which translates to less accidents, less crime and less claims. Qualifying for the cheapest insurance in Maine requires a blemish-free driving record and taking advantage of car insurance discounts.
Car insurance rates vary depending on the driver’s age, gender and other factors insurers use to classify risk. There is also some disparity between average monthly rates from town to town in Maine. For example, the average monthly rate in Bangor is $89 versus Portland’s $93.
What Is the Average Premium for Cheap Full Coverage Car Insurance in Maine?
The average monthly premium for full coverage car insurance in Maine is $80. Full coverage consists of liability insurance (at least the minimum required), plus collision car insurance and comprehensive auto insurance.
We are big fans of adding collision and comprehensive coverage. These types of auto insurance cover collisions with other vehicles (up to a specified liability amount), non-collisions, or items outside your control, such as theft, hail, and vandalism. Some comprehensive policies may even offer up to actual cash value if your car is stolen.
The amount paid for full coverage car insurance depends on one’s driving record, deductible amounts, and liability limits for bodily injury, property damage, collision, and comprehensive. The lower your car insurance deductible and the higher the liability limits, the higher the premiums.
How Much Is It for Cheap Liability Insurance or the Minimum Required Car Insurance in Maine?
The average monthly cost of minimum car insurance in Maine is $24.50.
The purpose of minimum insurance coverage is to adhere to state legal requirements. For example, liability limits for bodily injury and property damages are set at the minimum legal limits, offering lesser protections in an accident.
A minimum Maine car insurance policy will carry bodily injury/death liability insurance coverage of $50,000 per person, bodily injury liability coverage of $100,000 per accident, and property damage liability insurance coverage of $25,000 per accident. Additionally, Maine motorists must carry MedPay in the amount of $2,000 and uninsured motorist coverage in the amount of $50,000 per person and $100,000 per accident.
How Do Rates Compare Across Major Cities in Maine?
In Maine, do not expect each city to pay the same monthly rate. Monthly rates vary depending on age/gender distribution, collective driving record, and population density in the region.
For the monthly average premium five Maine cities pay, see our breakdown below.
Methodology: For Maine, we used the following demographic to arrive at our average monthly rates calculation: M 30+ with the state-required minimum coverage. Age, gender, zip code, driving record, and policy health tactics like enrollment in autopay and paperless billing are some factors that affect rates from person to person.