Motorcycle Insurance in Maine: The Cheapest Quotes and Best Companies

The cheapest motorcycle insurance in Maine is a liability-only policy that meets the minimum coverage limits set by Maine motorcycle insurance laws. However, this type of policy is not the best option for the average rider because a liability-only policy only covers damages that you cause to others and does not include coverage for damage to your property. A full-coverage policy is the best option for riders in Maine since it offers more protections, including collision coverage and protection for losses caused by theft, fire and vandalism.

For this study, MoneyGeek used coverage for a good rider in Maine with 50/100/25 liability-only coverage.

For the average rider, the cheapest motorcycle insurance companies in Maine for liability-only coverage are:

• Progressive: $101 per year
• Nationwide: $129 per year

Compared to the most expensive option, Dairyland, which costs $213 per year, Progressive motorcycle insurance is cheaper by 52.6%. This means that riders in Maine can save on premiums by comparing insurance quotes from different providers.

A full-coverage policy offers better protection for riders in Maine since it includes coverage such as collision coverage and protection against fire, theft and other covered risks. You can also get optional coverages with a full coverage policy, including replacement cost coverage, accessories coverage and other protections depending on the insurer you choose. For riders who are making payments on their bikes, a full coverage policy is required.

Using the profile of a good rider in Maine with 50/100/25 coverage and a $500 deductible for comprehensive and collision coverage, MoneyGeek found that the cheapest full coverage motorcycle insurance companies in Maine are, on average:

• Progressive: $185 per year
• Harley-Davidson: $255 per year

Progressive, the cheapest option, is cheaper by 56.2% compared to Nationwide, the most expensive, which costs $423 per year.

The cost of motorcycle insurance in Maine is determined by various factors, including the coverage amount you want to purchase, the motorcycle model, your age, riding experience and your past riding record. To determine the average motorcycle insurance rates in Maine, MoneyGeek collected motorcycle insurance quotes from different providers in the state.

For a full coverage policy, riders in Maine pay an average of $319 per year or approximately $27 monthly. This is 12% less than the national average.

The average cost for a liability-only policy in Maine is $161 per year or approximately $13 monthly. This is $20 more than the national average. However, it is important to note that a liability-only policy will not cover you for property damage or bodily injury if you are at fault.

To determine the Maine averages, we used policy coverages of $50,000/$100,000 bodily injury coverage with $25,000 property damage, a $500 deductible for full coverage policies and uninsured motorist, underinsured motorist and MedPay coverage.

To rank the best companies in Maine, our analysis incorporates scores in affordability, product offerings and service and financial stability metrics. More information about these criteria and how they were evaluated can be found in our methodology. The best motorcycle insurance in Maine, according to our scoring system, is Progressive.

Based on our scoring system, the best motorcycle insurance providers in Maine are:

If you are looking for online motorcycle insurance quotes in Maine, you need to provide the insurer with the following details:

• Personal details, including your age, riding record and experience
• Your ZIP code and address in Maine
• Details of your motorcycle, including the year of manufacture, make and model
• Coverage options (more details on this below)

In Maine, the motorcycle insurance laws and requirements require riders in the state to have an insurance policy with the following minimums:

• $50,000 per person bodily injury liability
• $100,000 per accident bodily injury liability
• $25,000 for property damage liability
• Uninsured/underinsured motorist coverage
• Medpay

In Maine, the liability coverage limits required by law for motorcycle insurance are 50/100/25. This means that riders in Maine must have a policy with bodily injury limits of $50,000 per person, per accident limits for bodily injury of $100,000 and property damage limits of at least $25,000.

Maine motorcycle insurance laws require riders to have uninsured/underinsured motorist coverage with limits of $ 50,000 per person and $100,000 per accident. Riders in Maine also need to have medical coverage of at least $2,000 per person.

For riders who are looking for the best insurance in Maine, here are some of the most commonly asked questions about motorcycle insurance.

To help our readers find the least expensive insurer in Maine, MoneyGeek collected motorcycle insurance quotes directly from insurance providers based on varying coverage amounts and driver profiles. We also used different scoring factors to rank the best motorcycle insurance companies in Maine, including policy cost in Maine (60% weighting), product offerings and service (30% weighting) and financial stability metrics from AM Best (10% weighting). For accurate and up-to-date data, MoneyGeek gathered the most recent license laws and insurance requirements from the Maine DMV.