The average car insurance cost in Maine is $607 annually, which is the cheapest in the country and very affordable compared to the national average cost of $1,424 per year. These averages are for many companies and locations for one sample driver. MoneyGeek broke down averages by coverage level, age, driving history, credit score and location in this guide.
How Much Is Car Insurance in Maine? Rates by Coverage Level, Age, Driving History and Location
The average cost of car insurance in Maine is $607 annually. This average is for a 40-year-old driver who has a policy with full coverage and demonstrates a clean driving record.
If the same 40-year-old driver decides to buy a car insurance policy in Maine with the minimum required coverage, it would cost an average of $361 per year. But prices can vary widely depending on your profile. Adding a young driver to a full coverage policy would cost an average of $1,672 per year.
To help you get a better idea of how rates change, MoneyGeek has broken down average insurance costs in Maine by various factors.
Average Cost of Car Insurance in Maine: Summary
MoneyGeek researched average car insurance costs in Maine by the factors that have the most effect on the cost of your car insurance.
The most significant factors affecting your average car insurance costs in Maine are your age and credit score.
You can click to learn more about average costs for a given driver profile.
Average Costs of Car Insurance in Maine
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Why is Car Insurance Cheap in Maine?
MoneyGeek’s research data shows that Maine has the cheapest average car insurance rates among all states because it has low traffic density, a low rate of uninsured motorists, low vehicle thefts and a low urban population as a share of its total population.
Maine has one of the lowest shares of urban populations in the country, tied with Vermont. This likely lowers car insurance rates as urban areas tend to have more congestion and accidents.
Maine also has one of the lowest rates of uninsured drivers in the country, comprising only 4.9% of drivers and ranks in the bottom 10 for highway traffic density and motor vehicle theft. All these factors contribute to lower annual premiums in the state.
Average Cost of Car Insurance in Maine: Full Coverage vs. Minimum Coverage
In Maine, a policy meeting state minimum coverage has an average cost of $361 per year, while a full coverage policy, as defined in MoneyGeek’s methodology, costs $607 annually on average. There is a difference of an average of $246 between both types of policies.
The average car insurance costs in Maine depend on the extent of your coverage. If you opt for a car insurance policy with more features, you’re going to pay more for it.
There are many types of insurance car insurance policies available, such as liability coverage, collision insurance and comprehensive coverage. If you buy full coverage car insurance, it will provide maximum coverage but cost you more.
Average Cost of Car Insurance in Maine by Coverage Level
Minimum vs. Full Coverage Car Insurance Costs in Maine - By Company
Your choice of insurance company has a significant effect on your car insurance expenses. This is because every company will quote you a different rate. For cheap full coverage insurance plans and minimum coverage plans in Maine, GEICO is the most affordable option, on average.
USAA is also another affordable option. However, it’s only available for military families. Additionally, it offers you the cheapest liability-only car insurance in Maine.
On average, Allstate offers the most expensive plan for the minimum required coverage and Progressive is the priciest option for a full-coverage plan.
Average Annual Costs of Car Insurance in Maine - By Company
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How Much Is Car Insurance in Maine by Age
Your age plays a significant role in determining your average car insurance costs. Young drivers are more likely to have accidents and are considered risky. Thus, their car insurance costs are higher.
MoneyGeek’s data shows a difference of an average of $1,065 per year between the car insurance costs of adding a 16-year-old to a policy compared to a 40-year-old buying their own policy.
However, you can save money on insurance premiums as a young driver by adding to your parent’s car insurance plan.
If you have recently started driving in Maine, you’ll get similar insurance rates as teenagers, as first-time drivers are treated the same as young drivers.
Average Costs of Full Coverage Car Insurance in Maine - By Age
How Does Driving History Affect Car Insurance Costs in Maine?
People who’ve been in road accidents and have multiple violations under their name will be considered high-risk individuals by insurance companies and have higher car insurance expenses. However, they can still find many affordable options in Maine by shopping around.
MoneyGeek’s research shows that having a speed ticket can cause you to pay an average of $193 more per year compared to someone with a clean driving record. The cost difference increases with the severity of the violation.
Average Costs of Full Coverage Car Insurance in Maine - By Driving History
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- Driving ViolationAnnual Premium
- Safe Driver$607
- Speeding Ticket$800
- At-Fault Accident$904
Credit Scores and the Cost of Car Insurance in Maine
MoneyGeek has analyzed that people with a poor credit score in Maine pay an average of $450 more per year compared to people with a good credit score. If you have an excellent credit score, you’ll pay an average of $85 less per year than someone with a good credit score.
In Maine, your credit score plays a large role in determining your average annual car insurance expenses.
If you have a good credit score, you can save a lot of money on insurance premiums. While having a bad credit score means you’ll be required to pay more, you can still find many affordable insurance plans in Maine.
Average Costs of Full Coverage Car Insurance in Maine - By Credit Score
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- Credit ScoreAnnual Premium
- Below Fair$852
How Much Is Car Insurance in Your City?
In this guide, MoneyGeek’s analysis about car insurance costs in Maine is from the city of Portland. Due to different reasons, car insurance rates within a state can vary greatly.
Insurance companies consider a lot of different factors while deciding the cost of a car insurance policy. Usually, people living in urban centers have to pay more due to higher theft and vandalism rates.
Your insurance premium will also be higher if you live in a densely populated area with a higher risk of road accidents or natural disasters.
Average Costs of Full Coverage Car Insurance in Maine - By City
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- CityAnnual Premium
Frequently Asked Questions About Maine Car Insurance Rates
The following questions are frequently asked by people who are interested in learning about car insurance rates in Maine.
Car insurance quotes were collected in Maine in collaboration with Quadrant Information Services. Policies were for a 40-year-old driver with a safe driving record and full coverage unless altered by the factors described above, including coverage levels, age, driving violations and credit score. The specific limits of the full coverage policy are described on our methodology page.
MoneyGeek also collected data on traffic, uninsured motorists, the urban share of the population and motor vehicle theft rates.
- Highway traffic density was calculated with 2019 data from the Federal Highway Administration
- Data on uninsured motorists was drawn from 2019 data from the Insurance Research Council
- Urban share of population was calculated using the latest data from the U.S. Census Bureau
- Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019
About the Author
- Insurance Information Institute. "What determines the price of an auto insurance policy?." Accessed August 18, 2021.
- Insurance Information Institute. "What is covered by a basic auto insurance policy?." Accessed August 18, 2021.