Average car insurance cost in Auburn, ME

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The average car insurance cost in Auburn, Maine is $1,163 per year, according to Insure.com data analysis. Also, the car insurance rates in Auburn is $12 less than the average rates in Maine and $732 less than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Auburn, the average car insurance rates categorized by age and gender, and the cost of car insurance in Auburn based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Auburn. Read on to learn more.

Cheap car insurance companies in Auburn

Auto-Owners offers the cheapest car insurance in Auburn, at an average of $689 per year with full coverage limits of 100/300/100.

The second cheapest company in Auburn is Travelers, offering car insurance rates at $819 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Auburn before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Auburn, Maine:

Read about the best car insurance companies.

Average car insurance cost in Auburn by coverage limits

The average car insurance rates in Auburn by coverage type are as follows:

• State minimum coverage: $378 per year (limits of 25/50/25)
• Liability-only coverage: $384 per year (limits of 50/100/50)
• Full coverage: $1,163 per year (limits of 100/300/100)
• Non-owners coverage: $262 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Auburn

The average car insurance rate for a female driver in Auburn, Maine, is $1,145 per year.

While the rate for a male driver is $1,182 per year, which is $37 more than what female drivers pay, according to a rate analysis by Insure.com.

Women are considered to be safer drivers than men, and statistics have proved this, according to the Insurance Information Institute. They often pay less for auto insurance because of their lower rate of severe accidents than men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Auburn

In Auburn, car insurance rates are the highest for teens, at $4,116 per year or $343 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $2,147 per year for their car insurance which is $1,969 less than what the teens pay for their insurance policy.

The car insurance rates in Auburn for adult and senior drivers are $1,190 and $1,118 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Auburn

Examining car insurance rate trends in Auburn, Maine, we observe a upward trend from 2022 to 2023. Subsequently, from 2022 to 2023, the rates experienced increase overall, with an increase of 5% or $59.

The table below shows the trend for last four years:

Conclusion

In conclusion, the insurance rates in Auburn, are lower than the average insurance cost in Maine. Shopping around and taking advantage of available discounts, drivers in Auburn can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.