How Much Is Car Insurance in Maine? (2023 Averages)
Compare Rates
Ensure you're getting the best rate. Review quotes from a top insurance company.
The cost of car insurance can vary based on your state, driving record and policy coverage level. Maine's average car insurance premium is $607 per year, significantly lower than the $1,424 national average. A minimum coverage policy in the state costs $361 annually. If you have a violation on your record, you can expect to pay an average of $800 annually, while adding a young driver to your policy increases your annual average cost to $1,672.
Keep in mind that some car insurance companies also charge more than others. For example, GEICO offers Maine residents a full coverage policy for $460, while Progressive charges $719 for the same coverage level.
The Average Cost of Car Insurance in Maine
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
Scroll for more
- DriverAverage Annual PremiumAverage Monthly Premium
- The Average Driver$607$51
- Drivers Buying Minimum Coverage$361$30
- Adding a Young Driver$1,672$139
- Drivers With a Violation$800$67
- Drivers With Poor Credit$1,046$87
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
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
Maine's state-minimum car insurance policy is the cheapest car insurance in the state.
However, if you feel minimum coverage is not enough, consider increasing your liability coverage to 50/100/50 or 100/300/100. These numbers refer to the liability coverage levels on your policy. For example, a 50/100/50 policy features:
- $50,000 in bodily injury liability insurance per person
- $100,000 in bodily injury liability insurance per accident
- $50,000 in property damage liability insurance per accident
On the other hand, a full coverage policy extends the standard liability coverage to include damages to your car.
Average Cost of Car Insurance 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
Scroll for more
- CompanyMinimum CoverageFull Coverage
- $187$367
- $252$460
- $265$498
- Concord Group$366$587
- $337$599
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
Scroll for more
- Driving ViolationAnnual Premium
- Safe Driver$607
- Speeding Ticket$800
- At-Fault Accident$904
- DUI$987
Compare Auto Insurance Rates
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
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
Scroll for more
- Credit ScoreAnnual Premium
- Excellent$511
- Good$596
- Fair$712
- Below Fair$852
- Poor$1,046
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
Scroll for more
- CityAnnual Premium
- $607
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.
About Mark Fitzpatrick
sources
- 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.