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Cheapest car insurance in Maine for 2023
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 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 from companies chosen by market share.
|Car insurance company||Average annual premium for minimum coverage||Average annual premium for full coverage|
Shop for a better rate on auto
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.
Learn more: Geico Insurance review
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 $196 per year for minimum coverage, drivers in Maine can take advantage of all the benefits USAA has to offer, including discounts.
Learn more: USAA Insurance review
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.
Learn more: State Farm Insurance review
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.
Learn more: Allstate Insurance review
Minimum coverage requirements 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 coverage 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
Bankrate utilizes Quadrant Information Services to analyze 2021 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 clean 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 base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.