Average Renters Insurance Cost in Maine

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Renters insurance costs in Maine vary depending on various factors, including the coverage amount, insurance company and individual circumstances. The average cost of renters insurance in Maine is $211 per year or $18 per month for a coverage limit of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible. These are average rates, and actual premiums may differ.

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 monthly cost of renters insurance is $18. However, premiums can differ depending on factors such as your rental’s location, the value of your personal belongings and the level of coverage you select. Experts recommend comparing quotes from different insurance companies to find 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

Renters in Maine can find the most budget-friendly insurance with State Farm, which has an average annual cost of $96, according to our data. Other affordable options include Vermont Mutual and MMG Insurance.

It’s a good idea to gather quotes from at least three insurance providers, as each company calculates premiums differently.

Below are the average annual and monthly renters insurance rates from various insurers in 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

On average, Maine renters pay $211 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.

Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Maine to $152 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.

Below are 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

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Average cost of renters insurance in Maine by ZIP code

Renters insurance costs in Maine vary by ZIP code. Below, we’ll cover which ZIP codes have the most affordable coverage and which areas have the highest premiums.

Most affordable ZIP codes for renters insurance in Maine

How much Maine renters pay for insurance depends on the ZIP code they live in. 4530 is the most affordable ZIP code for renters insurance in Maine among all the ZIP codes analyzed, at $181 a year on average.

Rates vary by ZIP code, so comparing quotes is one of the easiest ways to get the best deal on renters insurance in Maine.

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

Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Maine is 4923, with an average cost of $252 a year or $21 monthly.

We analyzed quotes from multiple insurance providers across every ZIP code in Maine. Below, you’l find the average annual renters insurance premiums broken down 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-have for renters in Maine. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. In addition to price, consider factors like 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.