Cheap Renters Insurance in Maine

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Looking for cheap renters insurance in Maine? Consider getting quotes from Concord, MMG and Allstate. In our analysis these companies offer the cheapest rates of all the carriers surveyed. But it’s smart to get multiple quotes for Maine renters insurance because the prices vary a lot among carriers. Below is the list of cheapest renters insurance companies in Maine:

Concord
MMG
USAA
Allstate
State Farm

Cheapest renters insurance companies in Maine

According to Insure.com’s analysis, Concord offers the cheapest renters insurance in Maine at about $130 a year or $11 per month. MMG is in second place with an average annual rate of $146. However, the cost of your premium may vary depending on factors specific to you.

Company	Average annual rate	Average monthly rate
Concord	$130	$11
MMG	$146	$12
USAA	$157	$13
Allstate	$162	$13
State Farm	$173	$14
Patrons Oxford	$207	$17
Travelers	$249	$21
Nationwide	$311	$26
Liberty	$686	$57
LM Insurance	$721	$60
Hanover	$742	$62

Average cost of renters insurance in Maine by coverage level

The average cost of renters insurance in Maine is $206 per year or $17 per month. These rates are for coverage level of $20,000 for personal property, $300,000 for liability protection and $1000 as deductible.

Whereas, renters insurance costs $316 annually for coverage limit of $40,000 as personal property, $300,000 for liability and $1000 deductible.

Coverage level	Avg. annual renters insurance rate	Avg. monthly renters insurance rate
$20,000	$206	$17
$40,000	$316	$26
$60,000	$429	$36

Most affordable ZIP codes for renters insurance in Maine

4652 is the most affordable zip code for renters insurance in Maine. Our insurance experts have analyzed price quotes from all the major carriers in Maine and put together a list of the most affordable zip codes with cheapest renters insurance.

ZIP code	Average annual rate	Average monthly rate
4652	$260	$22
4631	$261	$22
4843	$262	$22
4626	$263	$22
4628	$264	$22
4655	$265	$22
4611	$266	$22
4530	$267	$22
4606	$268	$22
4609	$269	$22

Least affordable ZIP codes for renters insurance in Maine

Of all the zip codes analyzed by Insure.com, 4478 is the least affordable zip code for renters insurance in Maine. Its average annual rate for Maine renters is $352 a year or $29 per month. The insurance rates in a city can vary depending on many factors, such as crime rate and weather. A population with a low crime rate will have much lower premiums in comparison to other areas.

ZIP code	Average annual rate	Average monthly rate
4478	$352	$29
4485	$350	$29
4945	$349	$29
4442	$348	$29
4267	$345	$29
4923	$343	$29
4088	$339	$28
4231	$338	$28
4261	$337	$28
4406	$336	$28

Renters and auto bundle discounts in Maine

Bundling with your auto insurance is a great way to save money on renters coverage. If you purchase your auto and renters insurance policies from the same company you can save an average of $75 per year in Maine.

Below is a list of companies that offer cheap rates upon bundling and you can also find how much you will have to pay if you don’t bundle your policies.

Company	Average annual rate	Average base annual rate (without bundling)	$ bundle average savings	% bundle average savings
Concord Gen Mut	$746	$767	$22	3%
State Farm	$841	$884	$43	5%
Standard Fire	$998	$1,010	$12	1%
Metropolitan	$1,023	$1,109	$86	8%
United Financial Cas Co	$1,049	$1,102	$54	5%
Patriot	$1,151	$1,211	$60	5%
Geico	$1,172	$1,208	$36	3%
Progressive	$1,223	$1,285	$63	5%
Allstate	$1,784	$1,899	$115	6%
Bristol W	$2,578	$2,713	$136	5%
Citizens Of Amer	$2,829	$3,031	$202	7%