How Much Is Car Insurance in Maine? (2023)

Your age, location, coverage level, driving history and credit score are among the main factors that affect the cost of car insurance. In Maine, full coverage insurance rates range from $521 per year (Concord Group) to $1,350 per year (Bristol West). Meanwhile, a 25-year-old driver can expect to pay around $932 per year, which is $237 less than the average rate for 65-year-olds ($695).

The average cost of car insurance in Maine is $714 per year. Several factors can impact the amount you pay, including your coverage levels and driving history. Here are the average car insurance costs in Maine based on driving record:

• Clean record: $714 per year
• Speeding ticket: $882 per year
• Accident: $1,037 per year
• DUI: $1,228 per year

The above amounts are for a full coverage policy. A minimum coverage policy will be cheaper.

Maine is the third-cheapest state for car insurance. On average, policies in the Pine Tree State cost $714, which is below the national average of $1,054 per year. Car insurance rates may be lower in Maine due to its low population density and car theft rates. If car insurance is expensive for you, it may be due to personal factors like your age or driving record.

Although the average cost of auto insurance in Maine gives you a rough idea of what to expect, rates can vary depending on your chosen provider. For instance, Countryway Insurance offers the cheapest car insurance in Maine at $221 per year for minimum coverage ($668 per year for full coverage). Bristol West, on the other hand, is the most expensive option at $645 per year for minimum coverage ($1,350 per year for full coverage).

In general, liability-only policies are cheaper than full coverage. However, you can still find affordable full coverage insurance by shopping around.

Your car insurance rates will largely depend on your coverage levels, with higher liability limits correlating with higher premiums. The average cost of insurance in Maine ranges from $345 per year for state minimum coverage to $836 per year for the most coverage possible.

Adding comprehensive and collision insurance to your policy, also known as full coverage, will add hundreds of dollars to your annual premium. To save money on a full coverage policy, you may choose a policy with a higher deductible.

In Maine, a policy with only Maine’s state minimum requirements will have the cheapest rates. However, they offer the least amount of liability coverage and no comprehensive or collision coverage.

Insurers typically also offer policies with higher liability limits, such as 50/100/50 or 100/300/100. A policy with liability limits of 50/100/50 would include the following coverage:

• $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

Most insurers offer a maximum liability coverage option of 300/500/300. A liability-only policy covers damages to other vehicles. If you want financial protection for damages to you and your car, you need to purchase a full coverage policy, which adds comprehensive and collision insurance.

The average cost of a full coverage policy in Maine also varies by age. Here are the rates you can expect to pay based on your age group:

• 22–29: $932 per year
• 30–59: $714 per year
• 60+: $695 per year

Can insurance for new drivers — even if they are over 30 — and for younger drivers in their 20s tends to be more expensive. Rates remain relatively steady for drivers between the ages of 30 and 59 but may decrease slightly after age 60.

Teen drivers are considered more risky to insure, so rates for this age group are the highest. In Maine, a 16-year-old male teen on a family plan pays around $1,996 per year, and an individual policy costs around $3,462 per year. Note that in most cases, teens under 18 are legally required to have a parent or guardian co-sign if they want to purchase an individual policy.

As teens get older and become more experienced drivers, their insurance premiums become more affordable. For example, a 19-year-old on a family plan pays an average of $1,589 annually, whereas a 22-year-old pays $1,254.

Rates for teens in Maine and other states can also vary by gender. A 16-year-old female teen pays an average of $1,780 per year for a family plan, which is $216 less than the rate for males.

You can find cheap auto insurance in Maine for teens by comparing providers.

In Maine, owners of older vehicles pay less at $753 per year, while owners of new vehicles pay an average of $981 — that's a 30% increase. New cars are usually more expensive to insure since they have a higher actual cash value (ACV), repair cost and risk of theft.

The ACV of a car relates to how much an insurer will pay out if you file a claim, leading to lower insurance rates for older cars with a low ACV. If you own a new vehicle, you may consider getting full coverage insurance to make sure you're financially protected against damages to your car, and not just against damages to others.

Drivers with offenses can expect to pay more for auto insurance than those with a clean driving history. On average, drivers in Maine pay the following rates based on their driving records:

• Clean record: $714 per year
• Speeding ticket: $882 per year
• At-fault accident: $1,037 per year
• DUI: $1,228 per year

Rates tend to increase more for more severe violations. A speeding ticket, for example, results in less of an increase than a DUI. To find the cheapest car insurance in Maine for drivers with poor records, compare rates from several providers in your area.

Your credit score is another factor that can greatly impact your car insurance rates. Drivers in Maine with poor credit pay around $1,180 annually, while those with excellent credit only pay $594 annually, on average. Here is what you can expect to pay based on your credit score:

• Excellent: $594 per year
• Good: $704 per year
• Fair: $842 per year
• Below fair: $997 per year
• Poor: $1,180 per year

Since factors like credit score can affect rates, it’s important to find affordable auto insurers in Maine for drivers with poor credit.

MoneyGeek answered some of the most frequently asked questions about car insurance costs in Maine to help you in your search. Keep in mind that your rates will vary based on personal details and statewide variations.