The average car insurance premium for Portland drivers is $607 per year, the same as the state average. GEICO, which offers an average rate of $460, is the cheapest widely-available insurer. MoneyGeek analyzed the cheapest across coverage levels and different types of drivers to find rates for different profiles. MoneyGeek also recommended the best companies balancing quality and affordability.
bestauto insurancePortland2021The Cheapest and Best Car Insurance in Portland
The Cheapest Car Insurance Companies in Portland
Based on average rates, the most affordable companies in Portland for a full coverage policy are:
- USAA: $367 annually (only available for current and former military members)
- GEICO: $460 annually
USAA has the most affordable car insurance rates in Portland. However, they only serves U.S. military and their families. GEICO is the next cheapest car insurance provider in Portland with an average annual premium of $460. GEICO’s policy is 56% cheaper compared to a typical policy with Progressive, Portland’s costliest car insurance provider.
MoneyGeek’s study is based on insurance rates for a 40-year-old male driver with a full coverage policy, which includes liability insurance as well as comprehensive and collision insurance.
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- CompanyAmountper year
- 1.$367
- 2.$460
- 3.$498
- 4.Concord Group$587
- 5.$599
Average Cost of Car Insurance in Portland
Portland$607
Maine$607
U.S.$1,424
The average car insurance cost in Portland is the same as the Maine average and much lower than the national average. That average rate is $607 per year which is 57.4% less than the national average.
The Best Car Insurance Companies in Portland
MoneyGeek ranked the best companies in Portland to help drivers looking for a balance of affordability and quality service. Based on MoneyGeek’s scoring system, the best auto insurance carriers in the city are:
- USAA: MoneyGeek score of 100 out of 100 (only available to current and former military members)
- State Farm: MoneyGeek score of 93 out of 100
The final scores are out of 100. MoneyGeek evaluated various factors, including J.D. Power user satisfaction, affordability and financial stability.
1
USAA
Score:100
2
State Farm
Score:93
3
GEICO
Score:93
4
Allstate
Score:88
5
Nationwide
Score:85
6
Progressive
Score:83
7
Travelers
Score:80
8
Hanover
Score:78
9
MetLife
Score:78
10
Liberty Mutual
Score:75
11
MAPFRE Insurance
Score:75
12
Safety Group
Score:75
13
Arbella Insurance Group
Score:73
14
Plymouth Rock Assurance
Score:73
15
Safeco
Score:73
Personalized Quotes to Get You the Cheapest Car Insurance in Portland
Auto insurance companies take into consideration a variety of factors to analyze the risk related to a driver and to compute car insurance quotes in Portland. These factors include the driver’s age and gender, the make and model of their vehicle, the ZIP code where they live and more. GEICO’s policy for 18-year-old drivers in Portland costs an average of $1,659, which is nearly $1,200 more than their average plan for 40-year-old drivers, at $460 per year on average. We suggest you get a tailored quote regularly so you can continue to find affordable coverage whenever there are changes in your circumstances.
Shopping around for car insurance in Portland could save you $147, which is enough to buy:
49Cups of Coffee
11Months of Your Favorite Streaming Service
Cheapest Car Insurance in Portland by Coverage Amount
The amount of coverage you buy is one of the biggest factors affecting your car insurance premium in Portland and elsewhere. The average cost of a policy that only meets state minimums is $361 per year. That is $246 cheaper than the average rate of a full coverage policy with higher liability limits, which is $607 on average.
Maine Minimum Liability Requirements
- ItemDescription
- Bodily Injury and Property Damage$50,000 per person, $100,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$50,000 per person and $100,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
In Portland, Maine, GEICO offers both 50/100/50 liability-only and full-coverage plans. The full-coverage policy covers your expenses if there is an accident, while the liability-only plan only pays for the other vehicle if you're at fault in an accident. The full-coverage plan with GEICO costs an average of $169 more than a liability-only policy, but the extra cost is often worth it considering the additional benefits.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$187$191
- 2.$252$256
- 3.$265$277
- 4.$337$350
- 5.Concord Group$366$370
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$344$367
- 2.$425$460
- 3.$486$498
- 4.$548$599
- 5.Concord Group$538$587
Cheapest Car Insurance in Portland if You Have Driving Violations
You should focus on driving safely to save on car insurance costs. Having a speeding ticket or other violation on your driving record can increase your car insurance rates. In Portland, State Farm policyholders who have a speeding ticket or DUI on their record will pay an average of $61 more annually for their car insurance compared to drivers with a clean record.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.$412$507$734
- 2.$661$722$661
- 3.Concord Group$663$757$963
- 4.$715$753$1,205
- 5.$771$896$920
Average Cost of Car Insurance by Postal Code
Your neighborhood also affects your car insurance cost. Factors in your area such as the number of accidents, car thefts, uninsured motorists and more all can affect your insurance premium. In Portland, ZIP codes have a slight effect on auto insurance prices. If you live in ZIP code 04102, you will pay an average of $13 less in yearly car insurance expenses compared to residents of the 04101 neighborhood, the city's most expensive ZIP related to auto insurance rates.
- Zip CodeState Minimumper year
- 04102$601
- 04103$605
- 04101$614
Insurance Providers That Serve Portland
Factors That Impact Insurance Costs in Portland
In addition to individual driver needs and history, location-specific factors like the rate of car thefts and the percentage of uninsured motorists also contribute to car insurance rates in Portland. How Portland ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Portland are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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