Low-cost Auto Insurance in Maine (2021) – MarketWatch

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Auto insurance in Maine is among the cheapest in the nation. According to our rate estimates, full insurance plans can be as low as $ 535 per year. Read on to find out more about the cheapest providers for different situations.

Not every provider offers the cheapest rates or the best service, so we recommend contacting multiple companies and comparing car insurance quotes from leading providers when shopping.

In this article:

  • Cheapest auto insurance in Maine

  • 5 Auto Insurance Options In Maine

  • Requirements for car insurance in Maine

  • How to Get Auto Insurance in Maine

  • frequently asked Questions

  • Our methodology

Cheapest auto insurance in Maine

Our cost estimates show that car owners are typically the cheapest auto insurance in Maine at an average rate of $ 535 per year. Our estimates apply to fully comprehensive insurance for a 35-year-old driver with a clean driving record and good credit.

Many factors affect what you pay for car insurance in Maine, so we'll look at a few scenarios below.

Car insurance company

Estimated annual cost*

Car owner

$ 535

Geico

$ 602

USAA

$ 662

District farm

$ 786

traveler

$ 924

Progressive

$ 976

MetLife

$ 983

MMG insurance

$ 991

What is the Average Cost of Auto Insurance in Maine?

According to the National Association of Insurance Commissioners (NAIC), drivers in Maine paid an average of $ 686 for auto insurance in 2018. That made it the second cheapest state for auto insurance this year. The national average was $ 1,057 in 2018, which means car insurance in Maine was 35% cheaper than the national average.

Cheapest auto insurance in Maine for young drivers

According to our estimates by Fully Comprehensive Insurance, Geico, USAA and Car Owners have the cheapest car insurance rates for drivers in their early 20s. Geico can be as cheap as $ 846, and the others follow closely behind.

Car insurance company

Estimated annual cost*

Geico

$ 846

USAA

$ 885

Car owner

$ 895

District farm

$ 1,088

traveler

$ 1,185

Cheapest auto insurance in Maine for drivers with a parking ticket

In Maine, a traffic ticket increases your car insurance, but how much depends on your provider. Our rate estimates show that car owners are generally the cheapest option for drivers with a current ticket.

Car insurance company

Estimated annual cost*

Car owner

$ 616

USAA

$ 747

District farm

$ 864

Geico

$ 981

MMG insurance

$ 1,188

Cheapest auto insurance in Maine for drivers with a recent accident

Car owners are usually the cheapest option for drivers with a recent accident. Our estimates of the full coverage rate show that car owners can cost up to $ 779 annually.

Car insurance company

Estimated annual cost*

Car owner

$ 779

District farm

$ 943

USAA

$ 1,001

Geico

$ 1,006

MMG insurance

$ 1,219

Cheapest auto insurance in Maine for drivers with bad credit

When you have bad credit, you pay more for auto insurance in Maine. For this group, we found that car owners were again the cheapest option in general. Geico and USAA also offer affordable auto insurance for drivers in Maine with poor credit ratings.

Car insurance company

Estimated annual cost*

Car owner

$ 801

Geico

$ 1,058

USAA

$ 1,071

traveler

$ 1,514

MMG insurance

$ 1,590

5 Auto Insurance Options In Maine

You have many options for auto insurance in Maine. Here is our ranking of five of them.

Maine Car insurance Companies

Overall rating

Coverage Rating

Cost evaluation

1. Car owner

7.6

8.0

7.5

2. Geico

9.1

8.5

8.5

3. USAA

9.1

8.5

9.5

4. State farm

8.6

8.5

8.0

5. Liberty Mutual

8.5

8.5

7.5

(Our research team takes national factors into account when evaluating providers. The ranking of providers in this table is specific to Maine auto insurance.)

1. Car owner

Auto-Owners is a midsize insurance company that operates in 26 states, including Maine. We have found that car owners offer affordable full insurance plans for many drivers in Maine, including those who have speeding and accidents on their records or who have poor credit ratings. Additional options from car owners include roadside assistance, new car replacement, and rental car insurance.

Car owner highlights include:

2. Geico

We've given Geico high overall ratings nationwide and found Geico a great option in Maine as well. The company offers affordable tariffs for many types of drivers. It also offers useful extras like roadside assistance and mechanical breakdown insurance. And if you have a collector's or antique vehicle, you can insure it with Geico.

Geico highlights include:

  • 16 discounts

  • A + rating from BBB

  • A ++ financial rating from AM Best

3. USAA

USAA is often one of the cheapest options in many states, and so is Maine. If you are a member of the military, a veteran, or have close family members in the military, you can get auto insurance with the USAA.

In addition to the standard coverage options, USAA offers gap insurance, ridesharing insurance, roadside assistance, and more. You can also use SafePilot®, USAA's usage-based option, to save up to 30% depending on your driving habits.

USAA highlights include:

  • 12 discounts

  • A + rating from BBB

  • A ++ financial rating from AM Best

  • High scores in the J.D. Power 2021 U.S. Auto Insurance Study℠, J.D. Power Insurance Shopping Study and J.D. Power Auto Claims Satisfaction Study

4. State farm

State Farm offers affordable auto insurance in Maine and can be a great option, especially for college students. State Farm's Steer Clear® program helps young drivers improve their skills and gives discounts. The company also offers a generous student discount of up to 25% that students can keep until they are 25, even after graduation.

In addition to the standard coverage options, State Farm offers extras such as ridesharing insurance, roadside assistance and rental car reimbursement.

State Farm highlights include:

  • 13 discounts

  • A + rating from BBB

  • A ++ financial rating from AM Best

  • High scores in the J.D. Power Auto Insurance Study, J.D. Power Insurance Shopping Study and J.D. Power Auto Claims Satisfaction Study

5. Liberty Mutual

We ranked Liberty Mutual among the top five insurance providers for the whole country and found the company to be a great option in Maine too. Motorists in Maine can use RightTrack®, the company's usage-based program, to save up to 30% on auto insurance coverage based on driving habits. Liberty Mutual also offers a number of additional insurance options, including gap insurance, original parts replacement, new vehicle replacement, and roadside assistance.

Liberty Mutual highlights include:

  • 17 discounts

  • A + rating with accreditation from the BBB

  • Financial rating of A from AM Best

  • High score in the J.D. Power Insurance Shopping Study

Requirements for car insurance in Maine

Maine requires drivers to purchase vehicle liability insurance, medical payments, and underinsured / uninsured motorist insurance. Here are the details of the minimum coverage as per the Maine state website:

  • Liability for injuries: $ 50,000 per person and $ 100,000 per accident

  • Property damage liability: $ 25,000 per accident

  • Medical payments (MedPay): $ 2,000

  • Uninsured / underinsured motorist insurance: $ 50,000 per person and $ 100,000 per accident

In Maine, you can also purchase a $ 125,000 combo auto insurance policy to cover minimum government liability insurance.

Note that no Maine auto insurance requirement will cover your vehicle if you cause an accident, drive into an object, or encounter adverse weather. Consider taking out fully comprehensive and collision insurance to ensure your vehicle is fully protected.

How to Get Auto Insurance in Maine

As you can see, the providers offer a wide range of insurance options, auto insurance discounts, and usage-based programs. Therefore, it is always important to compare car insurance offers when shopping.

frequently asked Questions

Is Car Insurance Required in Maine?

Yes, Maine requires drivers to have 50/100/25 liability insurance and 50/100 uninsured / underinsured motorist insurance. In addition, drivers must carry $ 2,000 in health insurance contributions.

What is a fair price for car insurance?

If you're a good middle-aged driver in Maine, a fair price for auto insurance is between $ 500 and $ 1,000 per year. You pay more if you are a young driver, have a low credit score, or have points on your driver's license.

How much does the comprehensive insurance cost per month?

According to our estimates, fully comprehensive insurance in Maine can range from $ 40 to $ 80 or more per month, depending on the situation. Look around to find the best prices.

Our methodology

We have created a comprehensive rating system to formulate our auto insurance company rankings. We collected data from dozens of auto insurance providers to rank the companies on a variety of ranking factors. The end result was an overall rating for each provider.

Our ratings take the following factors into account:

  • call: Our research team considered market share, industry expert reviews, and years in business in awarding this rating.

  • Availability: Auto insurance companies with greater government availability and fewer licensing requirements performed best in this category.

  • cover: Companies that offer a variety of insurance options are more likely to meet consumer needs.

  • costs: Auto insurance rate estimates and discount opportunities generated by Quadrant Information Services were both considered.

  • Customer experience: This rating is based on the volume of complaints reported by NAIC and J.D. Power reported customer satisfaction ratings. We also considered the responsiveness, friendliness and helpfulness of each insurance company's customer service team based on our own buyer analysis.

* Data correct at the time of publication.

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