Home Home insurance Renters insurance Renters insurance cost Cheap renters insurance in Maine Cheap renters insurance in Maine By Insure.com's Editor | Posted on February 6, 2022 Why you should trust Insure.com Quality Verified At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria. 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: ConcordMMGUSAAAllstateState 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. CompanyAverage annual rateAverage monthly rateConcord$130$11MMG$146$12USAA$157$13Allstate$162$13State Farm$173$14Patrons Oxford$207$17Travelers$249$21Nationwide$311$26Liberty$686$57LM Insurance$721$60Hanover$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 levelAvg. annual renters insurance rateAvg. 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 codeAverage annual rateAverage monthly rate4652$260$224631$261$224843$262$224626$263$224628$264$224655$265$224611$266$224530$267$224606$268$224609$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 codeAverage annual rateAverage monthly rate4478$352$294485$350$294945$349$294442$348$294267$345$294923$343$294088$339$284231$338$284261$337$284406$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 $75 per year in Maine. Below is a list of companies that offer cheap rates upon bundling and you can also find how much you will have to pay if you don’t bundle your policies. CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savingsConcord Gen Mut $746$767$223%State Farm$841$884$435%Standard Fire $998$1,010$121%Metropolitan$1,023$1,109$868%United Financial Cas Co$1,049$1,102$545%Patriot $1,151$1,211$605%Geico$1,172$1,208$363%Progressive$1,223$1,285$635%Allstate$1,784$1,899$1156%Bristol W $2,578$2,713$1365%Citizens Of Amer$2,829$3,031$2027% How much is renters insurance in other statesAlaska$165/YearAlabama$377/YearArkansas$313/YearArizona$255/YearCalifornia$225/YearColorado$221/YearConnecticut$246/YearDelaware$262/YearFlorida$208/YearGeorgia$454/YearHawaii$166/YearIowa$245/YearIdaho$232/YearIllinois$245/YearIndiana$238/YearKansas$274/YearKentucky$295/YearLouisiana$417/YearMassachusetts$269/YearMaryland$194/YearMichigan$352/YearMinnesota$362/YearMissouri$279/YearMississippi$393/YearMontana$201/YearNorth Carolina$166/YearNorth Dakota$338/YearNebraska$226/YearNew Hampshire$171/YearNew Jersey$249/YearNew Mexico$261/YearNevada$259/YearNew York$230/YearOhio$282/YearOklahoma$380/YearOregon$189/YearPennsylvania$200/YearRhode Island$263/YearSouth Carolina$267/YearSouth Dakota$160/YearTennessee$239/YearTexas$251/YearUtah$267/YearVirginia$220/YearVermont$128/YearWashington$174/YearWisconsin$191/YearWest Virginia$240/YearWyoming$150/YearShow more In case you missed it What is HO-6 insurance? 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By Chris Kissell Renters insurance quotes: Compare rates By Chris Kissell Average home insurance cost in 2023 By Barry Eitel Personal liability insurance: What it is and why you need it By Barry Eitel Home insurance claims – How to file and what you should know By Chris Kissell Table of contents Cheapest renters insurance companies in Maine Average cost of renters insurance in Maine by coverage level Most affordable ZIP codes for renters insurance in Maine Least affordable ZIP codes for renters insurance in Maine Renters and auto bundle discounts in Maine Get instant quotes now ! Please enter valid zip Get quote