Average Renters Insurance Cost in Maine

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Renters insurance costs in Maine vary depending on your coverage level, insurance provider, and personal circumstances. On average, renters in Maine pay $211 per year or $18 per month for a policy that includes $40,000 in personal property coverage, $300,000 in liability protection and a $1,000 deductible.

Key Takeaways

The average cost of renters insurance in Maine is $211 per year or $18 per month.
State Farm provides the least expensive renters insurance in Maine at an average rate of $96 annually.
Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Maine.

Average renters insurance cost in Maine per month

In Maine, the average cost of renters insurance is $18 per month. However, the exact premiums may vary based on factors like your location, the value of your belongings, and the amount of coverage you choose. It’s always a good idea to compare quotes from multiple insurers to ensure you get the best deal.

Average renters ins cost per month	Difference compared to national average
$18	$6 less

Average renters insurance cost in Maine by company

State Farm offers the most affordable renters insurance in Maine at an average annual rate of $96, followed by Vermont Mutual and MMG Insurance, based on our data.

However, you should get multiple quotes from various renters insurance companies in Maine because the prices vary greatly among carriers.

Below, we have compared the average annual and monthly renters insurance rates of insurance companies across Maine.

Company	Average annual rate	Average monthly rate
State Farm	$96	$8
Vermont Mutual	$100	$8
MMG Insurance	$147	$12
Auto-Owners	$175	$15
Quincy Mutual	$187	$16
Allstate	$223	$19
Farmers	$267	$22
The Hanover	$612	$51
USAA*	$172	$14

*USAA is only available to military community members and their families.

Renters insurance calculator in Maine

$194/year

Estimated renters insurance rates in Maine

$16

Monthly renters insurance cost in Maine

-28%

Compared to national average

Average cost of renters insurance in Maine by coverage level

The average annual cost of renters insurance in Maine is $211, with a personal property coverage limit of $40,000, $300,000 in liability coverage and a $1,000 deductible.

However, if you lower your personal property coverage from $40,000 to $20,000, you can expect to pay $152 a year for renters insurance in Maine. Make sure $20,000 is enough to cover your belongings before deciding to adjust your coverage.

The table below shows the average annual renters insurance costs in Maine for personal property coverage of $20,000 and $40,000.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$147	$12
$20,000 with $500 Deductible and $300,000 Liability	$162	$14
$20,000 with $1,000 Deductible and $100,000 Liability	$137	$11
$20,000 with $1,000 Deductible and $300,000 Liability	$152	$13
$40,000 with $500 Deductible and $100,000 Liability	$211	$18
$40,000 with $500 Deductible and $300,000 Liability	$228	$19
$40,000 with $1,000 Deductible and $100,000 Liability	$194	$16
$40,000 with $1,000 Deductible and $300,000 Liability	$211	$18
$60,000 with $500 Deductible and $100,000 Liability	$276	$23
$60,000 with $500 Deductible and $300,000 Liability	$294	$24
$60,000 with $1,000 Deductible and $100,000 Liability	$254	$21
$60,000 with $1,000 Deductible and $300,000 Liability	$272	$23

Average cost of renters insurance in Maine by city

Renters insurance premiums can differ significantly depending on the city. To help you find the best policy for your needs, we’ve compiled a breakdown of average costs by city. Explore the typical renters insurance rates across various locations in Maine.

Renters insurance rates in Maine by city

See rates in your city

Bangor

Average cost of renters insurance in Maine by ZIP code

The cost of renters insurance in Maine varies by ZIP code. It’s important to note that the affordability of renters insurance can differ significantly depending on your location.

To provide a more comprehensive overview, let’s see some of the most and least affordable ZIP codes for renters insurance in Maine.

Most affordable ZIP codes for renters insurance in Maine

In Maine, your ZIP code plays a major role in determining your premiums. Based on our data, 4530 is the most affordable ZIP code for renters insurance, with an average annual cost of $181.

Comparing quotes from multiple insurers in Maine is a smart way to find the best renters insurance rates for your ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
4530	Bath	$181	$15
4847	Hope	$182	$15
4851	Matinicus	$182	$15
4843	Camden	$183	$15
4853	North Haven	$183	$15
4854	Owls Head	$183	$15
4855	Port Clyde	$183	$15
4422	Charleston	$184	$15
4841	Rockland	$186	$16
4856	Rockport	$186	$16

Least affordable ZIP codes for renters insurance in Maine

Your ZIP code, among other factors, affects how much you pay for renters insurance in Maine. 4923 is the least affordable ZIP code for Maine renters at an average cost of $252 a year or $21 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Maine. Below are the average annual renters insurance costs by ZIP code.

ZIP code	City	Average annual rate	Average monthly rate
4923	Cambridge	$252	$21
4924	Canaan	$252	$21
4925	Caratunk	$252	$21
4929	Detroit	$252	$21
4478	Rockwood	$252	$21
4985	West Forks	$252	$21
4930	Dexter	$247	$21
4406	Abbot	$246	$20
4414	Brownville	$246	$20
4415	Brownville Junction	$246	$20

Final thoughts: Average renters insurance in Maine

Renters insurance is a must for Maine renters. It protects personal belongings from damage caused by fire, theft, vandalism and natural disasters, giving renters confidence and peace of mind.

Finding the most affordable renters insurance requires shopping around and comparing quotes from multiple insurers. To make an informed choice, consider not just the price but also the coverage options, deductibles, and customer reviews.

Shivani Gite

Contributing Writer

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.