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

Maine drivers spend about $886 annually on full coverage car insurance and $430 on minimum coverage. The cost varies based on age, coverage level, location, driving record and credit history.

Insurance companies estimate the likelihood of filing a claim and the potential cost. A clean driving record and good credit often lead to lower rates.

Maine's average full coverage car insurance cost is around $886 annually. Comparing car insurance quotes helps you assess if you get 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, $430, is lower than the national average cost of car insurance, which is $615 annually.

Maine's lower insurance premiums are due to a low accident rate, 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 $36, while full coverage with a $1,000 deductible is around $74. 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.

In Maine, younger drivers usually face the highest premiums. Those aged 22 to 29 pay an average of $1,164 per year. Rates decrease for drivers aged 30 to 59, averaging about $886 annually. Seniors aged 60 and over enjoy the lowest premiums, with an average annual cost of $871.

Age significantly influences 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. An individual policy for a 16-year-old male would cost 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, repair costs and more attractive theft targets, all 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: $1,073 per year; $89 per month
• With an at-fault accident: $1,254 per year; $105 per month
• With a DUI: $1,446 per year; $120 per month

A driving record violation can affect how much you pay for car insurance in Maine. A violation will keep pushing your premiums until it's gone, and the length of time this takes can vary depending on where you are.

For example, in Maine, a DUI can affect your insurance rates for up to 10 years, longer than in 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. Select 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 670–739, with higher scores often leading to more affordable rates.

These key factors impact 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 raise your rates but provide greater protection.
• Discounts: Multiple vehicle, safe driving and defensive driving course discounts can lower costs.

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 offer clear insights into insurance costs for Maine drivers, helping you make informed decisions about your car insurance.