State Farm tops Maine's renters insurance market, earning the No. 1 rank in affordability and scoring 4.9 out of 5 in MoneyGeek's analysis. Auto-Owners follows closely with an overall score of 4.8, excelling in customer experience. Allstate, Farmers and USAA complete the top five.
Best Renters Insurance in Maine (2026)
Updated: March 8, 2026
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Key Takeaways: Maine Renters Insurance
State Farm is Maine's best overall renters insurance company, earning a 4.9 out of 5 MoneyGeek score.
At $80 annually, State Farm offers Maine's most affordable renters insurance premiums statewide.
Get quotes from several insurers to find the most competitive rates for your coverage needs.
5 Best Renters Insurance Companies in Maine
| State Farm | 4.88 | 1 | 2 | 3 |
| Auto-Owners Insurance | 4.77 | 2 | 1 | 7 |
| Allstate | 4.7 | 3 | 4 | 5 |
| Farmers | 4.55 | 7 | 7 | 2 |
| USAA | 4.48 | 5 | 6 | 8 |
*Our ratings consider different combinations of coverage levels and renter details to identify the best overall options. Rankings may differ based on your profile.
State Farm
Top Choice for Maine Renters
MoneyGeek Rating
4.9/ 5
5/5Affordability
4.9/5Customer Experience
4.2/5Coverage
Average Annual Premium
$80Based on our methodology's base profile of a policy with $20K in personal property coverage and $100K in liability coverage with a $500 deductibleAverage Monthly Premium
$7Based on our methodology's base profile of a policy with $20K in personal property coverage and $100K in liability coverage with a $500 deductibleJ.D. Power Renters Insurance Customer Satisfaction Score
685/1,000From the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average renters insurance score is 668/1,000.
Compare the Cheapest Renters Insurance Companies in Maine
State Farm charges Maine's cheapest renters insurance at $80 per year for $20,000 in personal property coverage, $69 below the state average of $149 annually. Auto-Owners comes in second at $96 per year. Allstate costs $97 and is available statewide. All eight most affordable insurers charge less than the state average, with rates from $80 to $219 per year, making it easier for residents to find the cheapest renters insurance that fits their budget.
Average Cost of Renters Insurance in Maine
The average cost of renters insurance in Maine is $149 annually, $47 under the national average of $196. This reflects coverage with $20,000 in personal property protection, $100,000 in liability limits and a $500 deductible.
Your premium varies by coverage limits, deductible choice and where you live in Maine.
| ME | $149 | $-47 |
Do You Need Renters Insurance in Maine?
Many landlords in Maine require renters insurance as part of your lease agreement, even though state law doesn't mandate coverage. Property managers mandate it to protect themselves from liability claims, requiring $100,000 or more in liability protection. While your landlord can require coverage, it's not legally required statewide. Check your lease before moving in to see if you need a policy.
HOW TO DETERMINE YOUR RENTERS INSURANCE COVERAGE NEEDS
Typical personal property coverage ranges from $20,000 to $50,000 for most renters' belongings. Go through your unit and add up replacement values for electronics, furniture, clothing and other items to calculate your personal property coverage. Select at least $100,000 in liability coverage to protect yourself if someone gets injured in your apartment.
How to Find the Best Cheap Renters Insurance in Maine
Homeowners should compare multiple insurance providers while weighing their budget, coverage needs and service expectations. This guide helps you evaluate Maine insurers to find the best fit for your situation.
- 1Compare quotes from at least three companies
Premiums differ by $50 or more across companies for identical coverage. Request quotes from both national carriers like GEICO and regional Maine providers. Portland and Bangor residents often see the largest rate variations between insurers. Getting multiple quotes ensures you don't overpay for basic renters coverage.
- 2Check customer satisfaction ratings and reviews
Low prices aren't worth much if your insurer has poor claims handling when you need coverage most. Review J.D. Power ratings and customer complaints filed with the Maine Department of Insurance before buying any policy. Augusta and Lewiston residents should pay special attention to how quickly insurers process claims and respond to customer service requests during Maine's harsh winter months.
- 3Bundle renters and auto insurance
Insurers give 10% to 25% off when you bundle policies with the same company. State Farm and Allstate offer some of the largest bundling discounts available to Maine residents. This strategy works well for young professionals in areas like South Portland who need both renters and auto coverage. Contact your current auto insurer first to compare their bundled rates.
- 4Ask about available discounts
You can get discounts for alarm systems, smoke detectors and staying claims-free with most major insurers. Ask your agent which specific discounts you qualify for to maximize your savings potential. Many Maine insurers offer additional discounts for college students, military members and seniors. Even small discounts add up over time, saving you hundreds annually on your renters insurance premiums.
Best Cheap Renters Insurance in Maine: Bottom Line
State Farm, Auto-Owners, Allstate, Farmers and USAA are Maine's best renters insurance companies. Get quotes from several companies to find rates matching your needs. Try the calculator below for personalized quotes depending on your coverage, deductible and credit.
Personalized Maine Renters Insurance Rates
Get free renters insurance rate estimates for Maine based on your coverage needs. Rates reflect a profile of renters aged 21 to 64 with no prior claims.
Select Coverage Level
Select Deductible
Select Credit Score
Average Annual Premium—
Renters Insurance in Maine: FAQ
Common questions about Maine renters insurance:
Does renters insurance cover roommates in Maine?
Renters insurance covers only the policyholder and their relatives living in the unit. Your roommate needs their own policy to protect their belongings and get liability coverage. Each roommate should buy separate renters insurance with at least $20,000 in personal property coverage.
How much renters insurance do I need in Maine?
Most Maine renters need $20,000 to $50,000 in personal property coverage and $100,000 in liability protection. Add up replacement costs for your furniture, electronics, clothing and other belongings to calculate your needs. Your landlord may require specific coverage amounts, so check your lease before buying a policy.
How do I file a renters insurance claim in Maine?
Contact your insurer immediately after damage occurs or items get stolen. Document the damage with photos and videos before cleaning up. Provide a list of damaged or stolen items with purchase dates and estimated values. Your insurer will assign a claims adjuster to review your case. Most claims get processed within two to four weeks.
Does renters insurance cover hotel stays if my apartment becomes unlivable?
Renters insurance covers temporary housing costs through loss of use coverage if covered damage like fire makes your apartment unlivable. This pays for hotel rooms and restaurant meals while repairs happen. Most policies limit loss of use to 20% to 30% of your personal property coverage amount. Floods and earthquakes aren't covered.
How We Found the Best Cheap Renters Insurance Companies in Maine
We analyzed Maine renters insurance companies to identify insurers with low rates and reliable service.
We collected quotes for renters aged 26 to 64 with good credit and no claims history. The profile included $20,000 in personal property coverage, $100,000 in liability protection and a $500 deductible.
Affordability determined 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors made our list of Maine's best renters insurance providers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.