Cheapest car insurance in Maine 2021

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Whether exploring lighthouses or indulging in lobster, Maine offers residents plenty of reasons to get out on the open road. Almost 23,000 miles of roads support the 1 million licensed drivers in Maine. As you navigate through the Pine Tree State, you will need adequate auto insurance coverage — and Maine happens to offer some of the lowest premiums in the country.

The average cost of car insurance for Maine residents is around $227 per year for minimum coverage, with full coverage averaging $782. Even with these lower averages, it is still possible to find discounts and competitive premiums by comparing several auto insurance carriers.

The cheapest car insurance in Maine

Cheap insurance in Maine is available, including with the most popular national carriers. Here is a snapshot of the premiums you can expect for minimum to full coverage.

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $155 $568
USAA $198 $738
State Farm $253 $791
Metropolitan $273 $1,032
Allstate Ins $335 $1,328

Geico

Geico offers drivers in Maine multiple ways to save starting with discounts such as bundling with homeowners or renters insurance and insuring multiple vehicles. Geico’s roots as a company are based on providing federal employees and military personnel access to coverage, and the discounts continue to this day. Geico also has a list of 500+ club affiliations and organizations where you receive additional discounts if you are an active member.

USAA

USAA provides lower prices if you meet the eligibility requirements of either an active member of the military or a veteran (or immediate family member). USAA features a wide variety of discounts for drivers on top of the competitive premiums. For less than $200 per year for minimum coverage, drivers in Maine can take advantage of all the benefits USAA has to offer, including discounts.

State Farm

State Farm offers a number of simple ways to save on a policy, including access to a long list of discounts. Major discounts include the standard bundling and multi-car, but other discounts such as safe driver and driving a newer car allow you to save even more. You can find all the discounts you are eligible for by getting a quote through the app, website, customer service or working with an agent.

MetLife

MetLife is another provider of cheap insurance in Maine, with minimum coverage averaging $273 per year for minimum coverage. Bundling with a homeowners insurance policy is a major way to save with MetLife, and the company features an extra perk — you have one bill for the bundled policies and one deductible.

Allstate

Allstate provides multiple discounts to lower the competitive premiums. Some discounts require little effort, such as a discount for automatic payments or renewing your policy seven days prior to the policy effective date or choosing paperless statements.

Affordable coverage for Maine drivers

Maine requires licensed drivers to carry a minimum amount of auto coverage. All drivers must carry $50,000 per person and $100,000 per accident in bodily injury protection, $25,000 in property damage coverage and $50,000 per person and $100,000 per accident in underinsured/uninsured motorist coverage. In addition, all drivers must carry a minimum of $2,000 in medical payment coverage.

While Maine’s requirement for coverages might be considered more stringent versus other states, having adequate coverage provides additional financial protection. With cheap car insurance in Maine readily available, it makes financial sense to have additional protection against lawsuits, payment for property damage and medical payments, even if an accident is not ruled your fault.

How to get cheap car insurance in Maine

If you want the best coverage options possible while still getting the cheapest car insurance in Maine, there are several methods to get both and have a complete policy.

First, shopping around for various carriers is key. But look at both the rate quotes and the coverage options you are provided. Some quotes from carriers or agents will present as less-expensive simply because certain benefits have been removed. Make sure you are comparing policies head-to-head.

Not all providers are equal, and this includes national carriers. In addition to rates, factors such as customer service ratings, the financial stability of the carrier and the digital tools available for policy management are equally important. While this might not save money on premiums, it saves you time and frustration when dealing with your carrier.

Drivers in Maine should inquire about every discount available. Your premiums can receive a significant discount by taking advantage of the obvious — and not-so-obvious — discounts available.

Another tactic for lower premiums involves a long-term strategy. By focusing on improving your credit score, the lower your auto premiums. Paying bills on time, monitoring your credit report for mistakes and keeping credit utilization low are proven methods of lowering your credit score.

Lastly, increasing your deductible is another method to lower your premiums. By taking on more of the financial risk if you have an accident, you are compensated with lower premiums. The only caution with this strategy is to make sure you can cover the out-of-pocket costs with your savings in case you are faced with a deductible.

Frequently asked questions

What is the best car insurance in Maine?

Finding the best car insurance in Maine is based on numerous factors, such as customer service ratings, financial stability of the carrier and coverage options and rates. Based on these factors, Amica is considered the best car insurance provider, scoring an impressive 5 out of 5 with Bankrate’s review.

What is the average cost of car insurance in the U.S.?

The average cost of insurance in the U.S. averages $563 for minimum coverage and $1,733 per year for full coverage. With the minimum coverage in Maine averaging $227 per year, Maine ranks as having the lowest auto insurance premiums in the country.

Is proof of insurance required to register a car in Maine?

Yes, you must show proof of insurance when registering your car in Maine. You must present an ID card and your policy number. You must also carry the minimum insurance requirements on your policy.

Methodology

Bankrate utilizes Quadrant Information Services to analyze rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a cleaning driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.