How Much Is Car Insurance in Maine? (2024)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byJlyne Ubina
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Updated: May 27, 2024

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Maine drivers spend about $850 yearly for full coverage car insurance and $416 for the least amount with just minimum coverage. When you buy car insurance, the cost can change because of your age, the coverage level you pick, where you live, your driving record and your credit history.

Insurance companies look at how likely it is that you'll need to file a claim and how much that might cost them. That's why a clean driving record and good credit can often mean you pay less for your insurance.

Why Trust MoneyGeek? To pinpoint the most precise average costs for various drivers across Maine, MoneyGeek compiled data from Quadrant Information Services and the Maine Department of Insurance. This was done using sample driver profiles that reflect the typical criteria insurers use to determine premiums.

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These rates reflect the average cost of car insurance in Maine as of 2024.

7,684Quotes Analyzed
 
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Average Car Insurance Costs in Maine

Maine's average full coverage car insurance cost is $850 annually or $71 monthly. Comparing car insurance quotes helps you assess if you're getting a fair quote.

Maine’s average rates for auto insurance give you a view of what you might pay monthly and yearly, from minimum coverage to full coverage plans.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$850Average Monthly Premium$71
100/300/100 Liability OnlyAverage Annual Premium$477Average Monthly Premium$40
State Minimum Liability OnlyAverage Annual Premium$416Average Monthly Premium$35

Why Are Car Insurance Rates Moderate in Maine?

Car insurance in Maine is generally affordable when compared with other states. Maine's average annual premium for full coverage at $850 is lower than the national average cost of car insurance, which is $1,244 annually. This makes Maine's insurance rates seem cheap. Factors that contribute to Maine's lower insurance premiums include a low rate of accidents, a small population density which reduces traffic and fewer uninsured drivers.

Average Car Insurance Costs in Maine by Company

Car insurance premiums can fluctuate significantly among companies, even within the same state. For instance, in Maine, drivers can find the most affordable full coverage with Vermont Mutual at $616 annually, whereas Bristol West offers a considerably higher average premium at $1,531.

It's important to compare car insurance quotes to secure the cheapest car insurance in Maine. Evaluating different providers helps you find coverage that not only fits your budget but also meets your specific needs.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
Vermont MutualAnnual Premium$616Monthly Premium$51
Concord GroupAnnual Premium$639Monthly Premium$53
TravelersAnnual Premium$644Monthly Premium$54
GEICOAnnual Premium$693Monthly Premium$58
ProgressiveAnnual Premium$766Monthly Premium$64
AllstateAnnual Premium$900Monthly Premium$75
Countryway InsuranceAnnual Premium$922Monthly Premium$77
State FarmAnnual Premium$934Monthly Premium$78
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Average Car Insurance Costs in Maine by Coverage Level

The cost of car insurance in Maine is also influenced by your choice of coverage level. A monthly minimum coverage costs approximately $35, while full coverage with a $1,000 deductible is around $71. Despite being more expensive, it's recommended to opt for full coverage insurance due to its comprehensive nature, providing better financial protection in case of accidents or other covered events.

Adding comprehensive and collision coverage to your policy increases your premium, but electing for higher deductibles, such as $1,000, can make this additional protection more affordable. It's important to note that the deductible amount applies to each comprehensive and collision claim you file.

State Minimum Liability OnlyAverage Annual Premium$416Average Monthly Premium$35
100/300/100 Liability OnlyAverage Annual Premium$477Average Monthly Premium$40
300/500/300 Liability OnlyAverage Annual Premium$607Average Monthly Premium$51
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$790Average Monthly Premium$66
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$802Average Monthly Premium$67
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$837Average Monthly Premium$70
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$850Average Monthly Premium$71
State Minimum Liability w/ Full Cov. w/$500 Ded.Average Annual Premium$876Average Monthly Premium$73

Minimum Car Insurance Requirements in Maine

In Maine, drivers must meet the minimum car insurance requirements, which include bodily injury liability of $50,000 per person and $100,000 per accident, property damage liability of $25,000 per accident, uninsured/underinsured motorist coverage of $50,000 per person and $100,000 per accident and medical payments coverage of $2,000.

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    $50,000 for bodily injury liability per person

    Maine requires a minimum coverage of $50,000 for bodily injury liability per person to cover expenses related to injuries you may cause to someone in an auto accident.

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    $100,000 for bodily injury liability per accident

    Maine's state minimum for bodily injury liability per accident stands at $100,000, ensuring that multiple people injured in an accident have coverage.

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    $25,000 for property damage liability per accident

    Maine law mandates at least $25,000 coverage for property damage liability per accident to pay for damages to someone else's property.

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    $50,000 uninsured motorist bodily injury per person

    In Maine, drivers need a minimum of $50,000 coverage for uninsured motorist bodily injury per person to protect against costs from an accident with an uninsured driver.

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    $100,000 uninsured motorist bodily injury per accident

    The state requires $100,000 uninsured motorist bodily injury coverage per accident to cover injuries caused by an uninsured or hit-and-run driver.

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    $2,000 medical payments coverage

    Maine drivers are required to carry $2,000 in medical payments coverage to help pay for medical expenses regardless of who's at fault in an accident.

Average Car Insurance Costs in Maine by Age

Age significantly affects car insurance costs in Maine, with young drivers typically facing higher premiums. Young drivers, particularly those aged 22 to 29, often pay the most for car insurance in Maine. As age increases, premiums tend to decrease due to more driving experience and perceived lower risk, leading to more affordable rates for older age groups.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,121Average Monthly Premium$93
30-59Average Annual Premium$850Average Monthly Premium$71
60 +Average Annual Premium$836Average Monthly Premium$70

Average Car Insurance Costs in Maine for Teens

Age and gender are significant factors influencing car insurance rates in Maine. Particularly for 16-year-old male drivers added to a family policy, they face an average annual cost of $1,996, the highest premiums among all age groups.

Teen drivers under 18 years typically cannot purchase car insurance without a guardian co-signing. If opting for an individual policy, a 16-year-old male would pay approximately $3,462 annually.

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$1,996Individual Premium$3,462
17Added to Family Policy Premium$1,977Individual Premium$3,075
18Added to Family Policy Premium$1,734Individual Premium$2,681
19Added to Family Policy Premium$1,589Individual Premium$2,119
20Added to Family Policy Premium$1,607Individual Premium$1,850
21Added to Family Policy Premium$1,320Individual Premium$1,525
22Added to Family Policy Premium$1,254Individual Premium$1,391
23Added to Family Policy Premium$1,304Individual Premium$1,260

Average Car Insurance Costs in Maine for New Cars

The average annual cost for full coverage on a 2012 car model is $753, significantly less than the $981 needed for a 2022 model with the same coverage. This difference stems from newer cars having higher actual cash values and repair costs, as well as being more attractive targets for theft — all factors that contribute to escalating insurance premiums.

Experts suggest that drivers of newer models consider comprehensive and collision coverages. These protect against a wide range of incidents, ensuring maximum protection for your latest investment.

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$753Monthly Premium$63
2022 VehicleAnnual Premium$981Monthly Premium$82
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ACTUAL CASH VALUE

The actual cash value (ACV) of your vehicle is the amount your insurance company will use to determine the payout for a comprehensive or collision claim, reflecting your car's value at the time of the incident, minus depreciation. This figure represents the maximum you can receive to repair or replace your damaged vehicle under a standard policy.

Average Car Insurance Costs in Maine by Driving Record

The average cost of car insurance in Maine fluctuates considerably based on a driver's record.

  • With a ticket: $1,031 per year; $86 per month
  • With an at-fault accident: $1,207 per year; $101 per month
  • With a DUI: $1,402 per year; $117 per month

The kind of violation on your driving record can really change how much more you pay for car insurance in Maine. A violation will keep pushing your premiums up until it's gone from your record. How long this is can change depending on where you are.

For example, in Maine, a DUI can affect your insurance rates for up to 10 years. This is longer than many other states. Even though a DUI usually makes your insurance the most expensive, some places and companies might charge you more for other serious mistakes on the road.

By looking through the table, you can find out what you might pay for car insurance in Maine based on different driving records. Just pick the right coverage and age group to see the average costs.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$850Average Monthly Premium$71
TicketAverage Annual Premium$1,031Average Monthly Premium$86
At-fault AccidentAverage Annual Premium$1,207Average Monthly Premium$101
DUIAverage Annual Premium$1,402Average Monthly Premium$117

Average Car Insurance Costs in Maine by Credit Score

The average cost of car insurance in Maine varies significantly with your credit score, ranging from $594 for those with an excellent score to $1,180 for those with a poor score. The price you pay for car insurance is closely linked to your credit score, as insurers view it as a sign of reliability. A good credit score typically falls within the range of 670 to 739, with higher scores often leading to more affordable rates.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$594Monthly Premium$50
GoodAnnual Premium$704Monthly Premium$59
FairAnnual Premium$842Monthly Premium$70
Below FairAnnual Premium$997Monthly Premium$83
PoorAnnual Premium$1,180Monthly Premium$98
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Factors Affecting Car Insurance Rates in Maine

These key factors shape your car insurance rates in Maine:

  • Driving Record: A clean record can lead to lower premiums, while tickets or accidents typically result in higher costs due to increased risk for insurers.

  • Credit Score: Insurers in Maine may use your credit score to help determine rates. A higher score often translates to less risk and more affordable coverage.

  • Age and Gender: Younger drivers, especially males, may face higher rates. As drivers age and gain experience, their premiums often decrease.

  • Vehicle Type and Usage: High-value vehicles or those with a high likelihood of theft could see higher rates. Frequent driving increases collision risk, potentially boosting premiums.

  • Location: Urban areas with higher theft or collision rates may experience steeper premiums compared to rural locales with fewer claims.

  • Coverage Level: Opting for state minimum coverage can be more wallet-friendly, while choosing higher limits or adding collision insurance and comprehensive insurance can impact your rates but provide greater protection.

  • Discount Opportunities: Discounts for things like multiple vehicles, safe driving and defensive driving courses can substantially lower your costs.

Always reference the most recent data when discussing rates to ensure accuracy and relevance, considering the fluidity of insurance pricing and policy options.

How to Save Money on Car Insurance in Maine

To secure affordable car insurance in Maine, compare quotes, increase your deductible and utilize all eligible discounts. These strategies help lower your premiums for minimum coverage or more comprehensive options:

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    Shop Around

    Comparing quotes from multiple insurers can lead to finding the cheapest car insurance in Maine, potentially saving hundreds of dollars annually.

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    Maintain a Clean Driving Record

    Drivers with no accidents or traffic violations typically qualify for lower rates, reflecting their lower risk to insurance providers.

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    Bundle Policies

    Purchasing auto and home insurance from the same company can unlock discounts, making overall insurance costs more affordable.

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    Increase Deductibles

    Opting for a higher deductible can significantly reduce your premium, but ensure you can afford the deductible if you need to make a claim.

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    Seek Out Discounts

    Insurers offer various discounts; check for safe driver, good student or multi-car discounts to lower your insurance rates.

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    Consider Vehicle Type

    The car you drive influences insurance costs; choosing a model with high safety ratings or lower repair costs can lead to more affordable rates.

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    Review Coverage Annually

    Regularly review your policy and adjust coverage as needed to ensure you're not overpaying for insurance you don't require.

FAQ: Car Insurance Costs in Maine

Here, we provide clear insights into what Maine drivers might expect for insurance expenses, helping you make informed decisions about your car insurance needs.

What are the minimum car insurance requirements in Maine?
What is the average cost of full coverage and minimum coverage auto insurance in Maine?
What is the average cost of car insurance for a 22-year-old in Maine?
What are the cheapest car insurance companies in Maine?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.