Motorcycle insurance in Maine is required by law to ensure coverage in case of an accident. However, apart from the basic protections required by the state, insurers in Maine also offer comprehensive policies. To help you find the best providers, MoneyGeek has compiled a list of the best and cheapest motorcycle insurance in Maine. Since costs and coverage features vary depending on the company, our in-depth analysis will help you find the ideal combination of affordability and quality coverage for the best motorcycle insurance in Maine.
Motorcycle Insurance in Maine: The Cheapest Quotes and Best Companies
The Cheapest Motorcycle Insurance in Maine
The cheapest motorcycle insurance in Maine is a liability-only policy that meets the minimum coverage limits set by Maine motorcycle insurance laws. However, this type of policy is not the best option for the average rider because a liability-only policy only covers damages that you cause to others and does not include coverage for damage to your property. A full-coverage policy is the best option for riders in Maine since it offers more protections, including collision coverage and protection for losses caused by theft, fire and vandalism.
For this study, MoneyGeek used coverage for a good rider in Maine with 50/100/25 liability-only coverage.
Cheapest Liability-Only Motorcycle Insurance Quotes in Maine
For the average rider, the cheapest motorcycle insurance companies in Maine for liability-only coverage are:
- Progressive: $101 per year
- Nationwide: $129 per year
Compared to the most expensive option, Dairyland, which costs $213 per year, Progressive motorcycle insurance is cheaper by 52.6%. This means that riders in Maine can save on premiums by comparing insurance quotes from different providers.
Average Annual Premium for Liability Coverage
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- CompanyAnnual Premium
Cheapest Full Coverage Motorcycle Insurance Quotes in Maine
A full-coverage policy offers better protection for riders in Maine since it includes coverage such as collision coverage and protection against fire, theft and other covered risks. You can also get optional coverages with a full coverage policy, including replacement cost coverage, accessories coverage and other protections depending on the insurer you choose. For riders who are making payments on their bikes, a full coverage policy is required.
Using the profile of a good rider in Maine with 50/100/25 coverage and a $500 deductible for comprehensive and collision coverage, MoneyGeek found that the cheapest full coverage motorcycle insurance companies in Maine are, on average:
- Progressive: $185 per year
- Harley-Davidson: $255 per year
Progressive, the cheapest option, is cheaper by 56.2% compared to Nationwide, the most expensive, which costs $423 per year.
Average Annual Premium for Comprehensive and Collision
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What Is the Average Motorcycle Insurance Cost in Maine?
The cost of motorcycle insurance in Maine is determined by various factors, including the coverage amount you want to purchase, the motorcycle model, your age, riding experience and your past riding record. To determine the average motorcycle insurance rates in Maine, MoneyGeek collected motorcycle insurance quotes from different providers in the state.
For a full coverage policy, riders in Maine pay an average of $319 per year or approximately $27 monthly. This is 12% less than the national average.
The average cost for a liability-only policy in Maine is $161 per year or approximately $13 monthly. This is $20 more than the national average. However, it is important to note that a liability-only policy will not cover you for property damage or bodily injury if you are at fault.
To determine the Maine averages, we used policy coverages of $50,000/$100,000 bodily injury coverage with $25,000 property damage, a $500 deductible for full coverage policies and uninsured motorist, underinsured motorist and MedPay coverage.
Car Insurance Costs by Coverage Type
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- Policy TypeAverage 12-Month Cost in MaineAverage 12-Month National CostVariance
- Full Coverage$319$364-$45
- Liability Only$161$141$20
The Best Motorcycle Insurance Companies in Maine
To rank the best companies in Maine, our analysis incorporates scores in affordability, product offerings and service and financial stability metrics. More information about these criteria and how they were evaluated can be found in our methodology. The best motorcycle insurance in Maine, according to our scoring system, is Progressive.
Based on our scoring system, the best motorcycle insurance providers in Maine are:
- Wide coverage options and limits
- Enhanced injury protection for policyholders
- Online quote tool available for quotations
- Large Accident Forgiveness is limited to eligible policyholders only
- Discounts options can vary in different states
- Coverage benefits are not available in all states
With a score of 97 out of 100, Progressive is our top pick for the best motorcycle insurance provider in Maine. Progressive offers the best combination of quality coverage and affordable pricing. The cost of a Progressive liability-only policy in Maine is $101 per year on average, while a full-coverage policy costs roughly $185 annually. Apart from a disappearing deductible, the other stand-out features available with a Progressive policy are coverage for personal belongings, accessories and custom parts equipment (CPE) coverage as well as full replacement cost. Progressive product offerings cover a wide range of risks and come with many optional add-ons that riders in Maine can apply to their policies. Additionally, Progressive offers multiple discount opportunities to help their policyholders save money on their premiums.
- Unique range of customizable coverages for riders
- Online quotes and claims processing with 24/7 support
- Loyalty discounts and reward programs for policyholders
- Costly compared to other providers
- Cannot be bundled with auto insurance
- No mobile app
The runner-up for the best motorcycle insurance in Maine is Harley-Davidson. With a score of 85.34 out of 100 on MoneyGeek’s scoring system, Harley-Davidson ranked higher than most Maine insurers in product and services and financial stability. A liability-only policy from Harley-Davidson costs roughly $196 per year, while a full-coverage policy costs an average of $255 yearly. For Maine riders with custom bikes that need extra protection, the wide range of coverages offered by Harley-Davidson is ideal. This policy comes with enhanced protections for any upgrades you’ve made to your motorcycle. Their coverage also offers rental replacement coverage and replacement cost coverage. Better yet, Harley-Davidson offers discount opportunities to help customers save money on their insurance costs.
- Flexible payment options
- Wide range of discounts
- Unique coverage options for policyholders
- Cannot report claims online
- Coverage is not available in all states
- Discounts may not be available in all states
Dairyland scored 80.35 out of 100 on the MoneyGeek rating system with high scores in product and service offerings as well as financial stability. For a liability-only motorcycle insurance policy in Maine, Dairyland charges an average of $213 per year, while a full-coverage policy costs roughly $277 yearly. Dairyland provides Maine riders with a wide range of coverage benefits. It offers coverage for collisions, accessories, custom bikes, trikes and even vintage bikes. For riders in Maine with a good driving record, Dairyland offers pricing discounts. Policyholders also get discounts on multi-policy and motorcycle association membership. Dairyland motorcycle insurance even offers coverage for replacement cost, rental reimbursement and optional special equipment insurance coverage.
How to Get a Motorcycle Insurance Quote in Maine
If you are looking for online motorcycle insurance quotes in Maine, you need to provide the insurer with the following details:
- Personal details, including your age, riding record and experience
- Your ZIP code and address in Maine
- Details of your motorcycle, including the year of manufacture, make and model
- Coverage options (more details on this below)
How Much Motorcycle Insurance Coverage Do You Need in Maine?
In Maine, the motorcycle insurance laws and requirements require riders in the state to have an insurance policy with the following minimums:
- $50,000 per person bodily injury liability
- $100,000 per accident bodily injury liability
- $25,000 for property damage liability
- Uninsured/underinsured motorist coverage
How Much Insurance Coverage Is Required in Maine?
In Maine, the liability coverage limits required by law for motorcycle insurance are 50/100/25. This means that riders in Maine must have a policy with bodily injury limits of $50,000 per person, per accident limits for bodily injury of $100,000 and property damage limits of at least $25,000.
Do You Need Uninsured Motorist, Underinsured Motorist or PIP Coverage in Maine?
Maine motorcycle insurance laws require riders to have uninsured/underinsured motorist coverage with limits of $ 50,000 per person and $100,000 per accident. Riders in Maine also need to have medical coverage of at least $2,000 per person.
If you are a rider in Maine, MoneyGeek recommends a full coverage policy of at least 50/100/25. You can also get higher coverage limits of 100/300/100 at a small incremental cost. This will give you even better coverage. Maine requires uninsured/underinsured motorist coverage as well as Medpay. We recommend that this coverage be equal to your policy coverage.
Frequently Asked Questions About Motorcycle Insurance in Maine
For riders who are looking for the best insurance in Maine, here are some of the most commonly asked questions about motorcycle insurance.
To help our readers find the least expensive insurer in Maine, MoneyGeek collected motorcycle insurance quotes directly from insurance providers based on varying coverage amounts and driver profiles. We also used different scoring factors to rank the best motorcycle insurance companies in Maine, including policy cost in Maine (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). For accurate and up-to-date data, MoneyGeek gathered the most recent license laws and insurance requirements from the Maine DMV.
About the Author
- Dairyland Insurance. "Motorcycle Insurance." Accessed May 5, 2021.
- Harley-Davidson. "The Right Motorcycle Insurance for You." Accessed May 5, 2021.
- Insurance Information Institute. "2020 Insurance Fact Book." Accessed June 11, 2021.
- Progressive Insurance. "Motorcycle Insurance Coverages." Accessed May 5, 2021.
- State of Maine. "Insurance Required by Law." Accessed May 5, 2021.