How Much Is Car Insurance in Maine? (July 2024)

Maine drivers spend about $857 yearly for full coverage car insurance and $412 for the least amount with just minimum coverage. When you buy car insurance, the cost can change because of your age, chosen coverage level, location, driving record and credit history.

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

Maine's average full coverage car insurance cost is $857 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.

Car insurance in Maine is generally affordable compared with other states. Maine's average annual premium for minimum coverage, $412, is lower than the national average cost of car insurance, which is $595 annually. Factors contributing to Maine's lower insurance premiums include a low rate of accidents, a small population putting fewer cars on the road and a competitive insurance market.

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 $609 annually, whereas Bristol West offers the highest average premium at $1,531.

Compare car insurance quotes to secure the cheapest car insurance in Maine. Evaluating different providers helps you find coverage that suits your budget and needs.

Your chosen coverage level influences your premium. The average monthly premium for minimum coverage is $34, while full coverage with a $1,000 deductible is around $71. Full coverage insurance is more expensive because it provides more comprehensive protection.

Adding comprehensive and collision coverage to your policy raises your premium. However, you can mitigate this increase by selecting higher deductibles. Each comprehensive and collision coverage comes with a deductible, representing your out-of-pocket cost before your insurance pays for a claim.

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.

Age significantly affects car insurance costs in Maine, with young drivers typically facing higher premiums. Drivers in their 30s to late 50s enjoy more affordable rates, while those 60 and above benefit from the lowest premiums, highlighting a downward trend in insurance rates as drivers age.

Age and gender influence car insurance rates in Maine. When added to a family policy, male drivers aged 16 face an average annual cost of $1,996, the highest among all age groups.

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

The average annual cost for full coverage on a 2012 car model is $753, lower than the $981 needed for a 2022 model with the same coverage. This difference stems from newer cars' higher actual cash values and repair costs and their more attractive theft targets — all factors contributing to increased 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.

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

• With a ticket: $1,039 per year; $87 per month
• With an at-fault accident: $1,216 per year; $101 per month
• With a DUI: $1,410 per year; $118 per month

The violation on your driving record can change how much more you pay for car insurance in Maine. A violation will keep pushing your premiums 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 severe mistakes on the road.

The table below shows 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.

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.

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 than rural locales with fewer claims.

• Coverage Level: Minimum coverage is cheaper, while choosing higher limits or adding collision insurance and comprehensive insurance can impact your rates but provide greater protection.

• Discount Opportunities: Discounts for multiple vehicles and safe driving and defensive driving courses can 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.

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

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