Cheapest Car Insurance in Maine

For Maine drivers, Vermont Mutual offers the cheapest minimum coverage at $23 monthly or $278 annually. This rate is $153 less than the state's annual average cost. Data from Quadrant Information Services confirms these are the lowest rates for Mainers as of December 2024. Read our research methodology to learn how we found the cheapest Maine car insurance.

Vermont Mutual is the cheapest car insurance company for most drivers here, offering an average monthly cost of $37 for state minimum and full coverage. This rate is $18 less than the average cost in the region. Other affordable options include Travelers, GEICO, Concord Group and Progressive.

We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

Vermont Mutual offers most drivers the most affordable car insurance, but your best rate depends on your background. Below, we highlight the cheapest car insurance rates for different driving profiles in the Pine Tree State.

Looking for the cheapest car insurance can be complicated. However, understanding the factors influencing rates can make the task more manageable. Insurance costs vary based on age, driving history and location. Consider bundling policies or maintaining a clean driving record to get the best deal.

Vermont Mutual offers the cheapest rate for cheap minimum liability coverage in Maine, with Travelers, GEICO and Concord Group also providing affordable options. Use the table below to explore rates for these companies and see how they compare to the state monthly average of $36.

Travelers is the cheapest provider for full coverage auto insurance in Maine, averaging $51 per month or $609 per year. These rates are $23 lower than the state average. Check the table below for other provider options.

In Maine, young adult drivers fare best with Travelers. A minimum coverage policy costs $30 per month for 25-year-old drivers.

We used minimum coverage for a 25-year-old driver with good credit and no driving violations to determine the cheapest provider.

Young drivers in the Pine Tree State can find affordable auto insurance through Travelers and GEICO. Travelers offers minimum coverage at $30 per month, while GEICO is a good option for those with a speeding ticket at $37 monthly. Remember, your premium may vary based on your driving record, but these rates are a great starting point.

Read More: Cheapest Car Insurance for Young Drivers

Vermont Mutual offers affordable rates for senior drivers in Maine, with minimum coverage at just $22 per month.

We used minimum coverage for a 65-year-old driver with good credit and no driving violations to determine the cheapest provider.

For senior drivers in Maine, Vermont Mutual and Travelers often offer the most affordable rates for various needs. You might receive different quotes, but use the rates in the table below to guide your car insurance shopping.

Read More: Cheapest Car Insurance for Seniors

Drivers in the Pine Tree State with a DUI, at-fault accident or speeding ticket are considered high-risk and pay more for car insurance than those with a clean record. Average premiums vary depending on the offense for high-risk drivers. Below are the best rates for drivers with these records.

State Farm offers the best rates for Maine drivers with DUIs, averaging $40 per month ($479 per year) for minimum coverage. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DUIs.

We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.

With rates averaging $23 per month ($281 per year), Vermont Mutual is the cheapest company for drivers after an at-fault accident. The table below lists other insurers offering affordable minimum coverage policies for drivers with accidents.

We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

Vermont Mutual offers the cheapest insurance for drivers with speeding tickets, with rates starting at $23 per month. Check the table below to compare minimum coverage options.

We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

Travelers is the cheapest car insurance provider for drivers with poor credit scores, offering rates of $42 monthly and around $504 annually for minimum coverage. Review the table below for more options from other providers.

These rates are based on a 40-year-old driver with bad credit and a clean driving record.

MetLife offers the most affordable bundle home and auto insurance at $936. Check the table below for more cost-effective options.

Rates are for a 40-year-old driver with good credit and no driving violations.

In Maine, the monthly average cost for full coverage car insurance is $74, while state minimum coverage is $36. By understanding the average cost of car insurance in Maine, Mainers can assess if they're getting a fair price on their policy.

Maine ranks 44th among the states with more affordable car insurance. This is thanks to its low population density, favorable location away from common natural disasters and lower-than-average vehicle theft rate.

Maine law requires all drivers to carry car insurance policies with minimum coverage limits. These limits include $50,000 for bodily injury per person, $100,000 per accident and $25,000 for property damage. Drivers must also have uninsured/underinsured motorist coverage at $50,000 per person and $100,000 per accident and medical payments of $2,000.

If you finance or lease your car, you will likely have to buy comprehensive and collision insurance in addition to the state minimum. While a state minimum auto insurance policy is the least expensive option, it offers the lowest financial protection. For better security, experts recommend driving with full coverage insurance, selecting the highest deductible and liability limits you can comfortably afford.

Drivers with serious traffic violations, like speeding or drunk driving, may need to file for SR-22 insurance, which can increase their premiums. In Maine, you or your insurance company can file the SR-22 form. It remains valid for three years from your most recent offense.

A surety bond is a common alternative to traditional car insurance in Maine. This bond must match the state's minimum coverage requirements, ensuring financial responsibility for any damages.

For business owners, fleet insurance or self-insurance can be viable options. Fleet insurance covers multiple vehicles under one policy, while self-insurance involves setting aside funds to cover potential claims. Both methods help businesses comply with state regulations.

MoneyGeek recommends that drivers secure full coverage car insurance, which bundles liability, collision and comprehensive coverage. For peace of mind, consider these liability limits:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage per accident

Comprehensive coverage protects your car from off-road mishaps like theft, vandalism or damage from severe weather. On the flip side, collision coverage helps pay for repairs if your car gets into an on-road crash.

If your car holds significant value, it's wise to opt for comprehensive and collision insurance, even though it's not a legal must-have. Adjust your deductible for these coverages to a figure you're comfortable paying out-of-pocket before your insurance covers the remaining costs.

Travelers offers Maine's most affordable full coverage at $51, while Vermont Mutual has the lowest minimum coverage at $23. Cheap car insurance is tempting, but remember, it's not always the best. Experts suggest buying as much coverage as you can afford for solid financial protection.

MoneyGeek helps you find affordable car insurance by answering your questions about the cheapest options in Maine. We guide you to the right coverage, ensuring you understand what best fits your needs.

MoneyGeek obtained Maine auto insurance rates from the Maine Department of Insurance and Quadrant Information Services. We examined 7684 auto insurance quotes from 10 providers across seven ZIP codes to determine the most affordable car insurance companies in Maine.

Maine Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in Maine:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model and military service where specified.

Standard Coverage Levels in Maine

We compared Maine car insurance companies offering minimum and full coverage policies. The minimum coverage liability limits in Maine are:

• $50,000 for bodily injury liability per person
• $100,000 for bodily injury liability per accident
• $25,000 for property damage liability per accident
• $50,000 uninsured motorist bodily injury per person
• $100,000 uninsured motorist bodily injury per accident
• $2,000 medical payments coverage

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible