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 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

As we discussed above, the average cost of renters insurance in Maine is $211 per year. These rates are for a coverage level of $40,000 for personal property coverage, $300,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $152 per year for renters insurance in Maine, which provides $300,000 in liability protection with a $1000 deductible.

Below are the average renters insurance costs in Maine for personal property coverage amounts 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 vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Maine and find the best fit for your budget.

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

The amount Maine renters pay for insurance largely depends on their ZIP code. Among all the ZIP codes analyzed, 4530 is the state’s most affordable ZIP for renters insurance, with an average annual premium of $181.

Since rates differ by ZIP code, comparing quotes is one of the simplest ways to get the most affordable renters insurance policy 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

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-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.