bestauto insurancePortlandCompare the Cheapest Car Insurance Quotes in Portland, ME
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.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 1/9/2023
Edited By |
Ashley Jacobs
Written By |
Mark Fitzpatrick
In Portland, Maine, GEICO offers the cheapest full coverage and state minimum car insurance, but rates change depending on your coverage preferences, profile and driving history. State Farm offers the most affordable rates for drivers with a speeding ticket. For military family members, USAA presents the cheapest options. State Farm is MoneyGeek’s top-rated auto insurance company in Portland for balancing cost and customer service.
bestauto insurancePortlandThe Cheapest and Best Car Insurance in Portland
Methodology
MoneyGeek's unique scoring system considers industry-leading ratings such as J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC) to determine the best car insurance companies in Portland.
The Cheapest Car Insurance Companies in Portland
A full coverage car insurance policy offers financial protection from most circumstances, as it includes liability, comprehensive and collision coverages.
MoneyGeek’s study shows these companies offer the cheapest full coverage policies for an average driver in Portland, Maine:
- GEICO: $460 per year
- MetLife: $498 per year
Drivers in the military or who are part of a military family may be eligible for car insurance through USAA and enjoy a more affordable rate at $367 annually. It’s 96.1% less expensive than the city’s most expensive provider, Progressive.
Cheapest Car Insurance in Portland
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$367
- 2.$460
- 3.$498
- 4.Concord Group$587
- 5.$599
In line with MoneyGeek’s methodology, the auto insurance rates in this guide are for a 40-year-old male driver in Portland, Maine, with a full coverage policy.
A full coverage auto insurance policy combines comprehensive and collision coverages with the state’s minimum required coverages. It offers extensive financial protection in case of an accident. However, a full coverage car insurance policy is more expensive than a minimum coverage policy.
- Comprehensive Coverage: Covers repairs from damages due to the weather, theft, and falling objects, plus other damages not caused by a collision.
- Collision Coverage: Covers vehicle repair expenses if you’re in an accident.
Premiums for a full coverage insurance policy can wind up being more expensive than your car’s actual worth if you have an older vehicle. If that’s the case, a liability-only or a state minimum insurance policy is recommended to obtain the cheapest rates possible.
Compare Car Insurance Rates in Portland
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Portland for Minimum Coverage
If you’re looking for Portland’s most affordable car insurance offers, consider a state minimum policy. Such policies are significantly cheaper, but they lack comprehensive and collision coverages, exposing the driver to financial risks in case of an accident.
MoneyGeek’s study reveals these companies offer the most affordable minimum coverage policies:
- GEICO: $252 per year
- MetLife: $265 per year
USAA offers the most affordable state minimum policies for drivers in Portland who are military personnel at $187 annually. It’s $268 cheaper than Allstate, the city’s most expensive state minimum provider.
Toggle the table below to see how costs vary depending on the liability coverage you choose.
Cheapest Minimum Liability Car Insurance in Portland
State Minimum
- CompanyState Minimumper year
- 1.$187
- 2.$252
- 3.$265
- 4.$337
- 5.Concord Group$366
The state of Maine requires its drivers to have at least a minimum coverage policy, which includes coverages for bodily injury liability, property damage liability, uninsured motorist bodily injury and uninsured motorist property damage.
Since minimum coverage policies are Portland’s most affordable car insurance, buying that form of coverage will result in savings on your monthly premiums. However, in case of an accident, you may end up paying more.
That’s because, in Maine, liability insurance only covers $50,000 for bodily injuries per person. If you’re at fault in an accident and the other party’s medical expenses reach $60,000, you’ll have to pay $10,000 by yourself.
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.
Cheapest Car Insurance in Portland if You Have Driving Violations
Your car insurance rates will likely increase if you get a speeding ticket, are charged with a DUI or have an at-fault accident on your record. If you have a poor driving record, you can improve it over time in order to have your rates lowered.
For now, comparing car insurance quotes from various insurers is your best option to find optimal deals. MoneyGeek ranked Portland’s most affordable car insurance companies for drivers with bad records:
- Cheapest after a ticket: State Farm, $661 per year
- Cheapest after an at-fault accident: State Farm, $722 per year
- Cheapest after a DUI: State Farm, $661 per year
Drivers who are members of the military and their families may be eligible for car insurance through USAA. The insurer offers the cheapest auto insurance rates in Portland for drivers with a speeding ticket and an at-fault accident.
Cheapest Car Insurance in Portland With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.$412
- 2.$661
- 3.Concord Group$663
- 4.$715
- 5.$771
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.
Personalized Quotes to Get You the Cheapest Car Insurance in Portland
Top 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.
Compare Car Insurance Rates in Portland
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Portland
MoneyGeek evaluated the top auto insurance companies in Portland based on average premiums, customer satisfaction ratings and claims.
The two top-rated companies in Portland are:
- GEICO: 78 out of 100
- State Farm: 71 out of 100
Despite scoring a perfect 100, USAA was excluded from our rankings because it solely serves military personnel and their families.
1
GEICO
Score:78
In addition to getting great rankings for satisfaction and claims, GEICO provides mechanical breakdown insurance as a unique add-on. Portland drivers aged 40 years old pay $460 annually on average for a GEICO insurance policy.
More About GEICO
In Portland, GEICO provides four additional coverage options to enhance your insurance. For instance, mechanical breakdown insurance may cover the cost of components and systems at a lesser cost than a dealer-issued extended warranty.
Additionally, GEICO provides roadside assistance and rental vehicle reimbursement. The former may repay you for services like changing flat tires, towing and lockouts, while the latter can compensate you for the cost of renting a car if your vehicle is rendered unusable due to a covered accident.
Read MoneyGeek's GEICO auto Insurance Review2
State Farm
Score:71
State Farm ranked well for satisfaction and claims. State Farm provides ridesharing insurance to drivers who work for Uber or Lyft. MoneyGeek found that the annual average cost of State Farm auto insurance in Portland is $599.
More About State Farm
State Farm provides drivers in Portland with extra coverage options in addition to their policy's standard coverage. State Farm's rental car and travel reimbursement coverage, for instance, pays for car rental costs up to predefined limits, travel expenses up to $500, and deductible repayment up to $500 if you cause an accident in a rented car.
State Farm's rideshare insurance also assures that your personal vehicle policy's medical, emergency roadside assistance and rental car reimbursement remain in force while you work for a ridesharing provider.
Read MoneyGeek's State Farm auto Insurance Review3
Travelers
Score:58
4
MetLife
Score:57
5
Allstate
Score:52
6
Concord Group
Score:40
7
Progressive
Score:26
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
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.
About the Author
