Cheapest car insurance in Maine

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Auto-Owners offers the cheapest car insurance in Maine, with an average annual cost of $707, based on Insure.com’s data study. However, the exact rates may vary based on factors specific to you.

Each state has different car insurance requirements. In Maine, drivers are required to carry minimum liability coverage of $50,000 for bodily injury protection per person, $1,00,000 of bodily injury coverage per accident, and $25,000 for property damage accident.

However, many Maine drivers prefer full coverage car insurance because it provides adequate coverage in the event of an accident.

Below, you’ll find which insurance companies are the most affordable for different categories.

Cheapest overall: Auto-Owners

$707/year

National avg. rate

Cheapest for at-fault accident: Auto-Owners

$1,051/year

Avg. rate after an at-fault accident

Cheapest for speeding ticket: Auto-Owners

$812/year

Avg. rate after speeding ticket

Cheap car insurance companies in Maine

Auto-Owners offers the cheapest car insurance in Maine, with an average price of $707 per year. It’s 40% less expensive than the average car insurance cost in Maine. The rates will vary based on factors such as your driving history, age, ZIP code, and the make and model of your car.

When shopping for auto insurance, compare rates from multiple companies to make sure you’re getting the best deal.

Below are the annual rates for car insurance from the cheapest car insurance companies.

*Note: USAA only offers coverage to military members, veterans and their families.

How we choose the cheapest car insurance companies in Maine

170+

Carriers reviewed

53M+

Quotes analysed

34K+

ZIP codes examined

Cheapest ZIP codes for car insurance in Maine

In Maine, the 4096 ZIP code has the most affordable car insurance rates at $1,048. The table below shows the cheapest ZIP codes for car insurance rates.

Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.

Cheapest car insurance in Maine by age

In Maine, young drivers often face higher insurance premiums than adults due to their higher likelihood of being involved in accidents and filing claims. According to an analysis by Insure.com, a 16-year-old driver pays $3,713 more for insurance than a 40-year-old driver.

Below are the cheapest auto insurance rates for Maine drivers of different ages.

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Cheapest car insurance in Maine by driver history

Insurers consider your driving history to be one of the most important factors in setting insurance rates. If you’re involved in an at-fault accident or convicted of a traffic violation, your premiums may increase. On the other hand, having a clean record makes you a low-risk driver and can lead to cheaper car insurance.

Cheapest car insurance after a speeding ticket in Maine

Below is a list of the top three companies that provide affordable car insurance for drivers with a speeding ticket.

• Auto-Owners: $812 per year
• Allstate: $1,281 per year
• Travelers: $1,305 per year

A single speeding ticket in Maine can cause your insurance rates to go up by 31%, or $358, according to Insure.com’s analysis.

Dealing with a speeding ticket can be a hassle, as it involves paying a fine and facing increased insurance rates. However, there are some insurers who offer affordable premiums to drivers with a speeding ticket on their record.

*Note: USAA only offers coverage to military members, veterans and their families.

Cheapest car insurance after an accident in Maine

Here are the top three insurers that provide cheap car insurance rates following an accident.

• Auto-Owners: $1,051 per year
• Travelers: $1,276 per year
• State Farm: $1,473 per year

Auto-Owners offers the cheapest car insurance rates for drivers following an at-fault accident, with an average car insurance cost of $1,051 annually.

If you’re found at fault, your insurance premiums may go up. However, you can still compare car insurance rates from different insurers to get the best deal.

Below are the companies offering the most affordable car insurance for drivers with an accident on your driving record.

*Note: USAA only offers coverage to military members, veterans and their families.

Cheapest car insurance after a DUI conviction in Maine

Below is a list of the top three companies offering affordable car insurance following a DUI conviction.

• Auto-Owners: $1,179 per year
• Progressive: $1,269 per year
• State Farm: $1,359 per year

If you’ve recently been convicted of a DUI, you might be concerned about how it will impact your car insurance rates. Most insurance companies will consider you a high-risk driver and increase your premiums. But some insurers offer relatively affordable rates.

The table below outlines the insurance companies that offer the most affordable car insurance rates following a DUI conviction.

*Note: USAA only offers coverage to military members, veterans and their families.

Average car insurance cost in Maine

While full coverage insurance is more expensive than minimum liability insurance, many drivers find the extra cost worth it. In Maine, the average cost of full coverage car insurance is $720 less than the national average car insurance cost.

While multiple full coverage limits are available, Insure.com editors recommend getting a policy with 100/300/100 coverage limits for adequate protection.

What is full coverage car insurance in Maine?

Full coverage car insurance includes bodily injury liability and property damage liability coverage, as well as comprehensive and collision coverage. Collision insurance covers your vehicle if it’s damaged or destroyed in an accident, while comprehensive insurance provides protection against damage that is caused by something other than collisions, such as hail or theft.

If you lease or finance your car in Maine, your lender may ask you to purchase collision and comprehensive insurance beyond the state-mandated liability coverage.

Final thoughts

While it’s common to look for ways to lower your car insurance premium, cutting corners on coverage could end up costing you much more in the long run.

Before purchasing an auto insurance policy, consider your specific needs to ensure you’re adequately covered. Since insurance rates can vary, it’s a good idea to compare quotes from multiple companies to find the right policy in Maine.

Methodology

Insure.com gathered data from Quadrant Information Services to get car insurance rates in Maine. The rates are based on a sample profile of a 40-year-old male and female driving a Honda Accord LX with a good insurance score and no violation on record for a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductibles.

We analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes nationwide.

To determine car insurance rates for high-risk drivers with a history of traffic violations, we used a sample profile of a 40-year-old male and female driver who own a Honda Accord LX.

We also used sample profiles of drivers from different age groups: Teen drivers (Age 16-19), young drivers (Age 20-24), adult drivers (Age 25-60) and senior drivers (Age 65-75)

We determined the premiums for a high-risk driver with the following incidents applied

1. 1 At-fault property damage accident over $2K
2. 1 At-fault property damage accident under $2K
3. At-fault bodily injury accident
4. Poor credit
5. DUI/DWI first offense
6. Speeding 30+ over limit
7. Speeding ticket 1-10 MPH over limit
8. Speeding ticket 11-29 MPH over the limit

These are sample rates, and your exact rates may vary.

Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.