How Much Is Car Insurance In Maine?

Car insurance in Maine is fairly affordable. The average annual cost for full coverage is $1,552, which is significantly lower than the national average of $2,629. For minimum coverage, the average annual cost is $420, which is also less than the national average of $742.

In this article, we’ll discuss the cost of car insurance in Maine and the main factors that affect your rates. With more than 12 years of experience as a licensed insurance agent, I’m here to help you make an informed decision.

Cost Of Car Insurance In Maine By Age

Teen drivers are often considered inexperienced, which usually leads to higher insurance premiums. Because younger drivers haven’t had as much time to develop their skills, they are seen as a higher risk. As a result, premiums tend to be higher for younger drivers. However, as you get older, especially after 30, and maintain a clean driving record, you may start to see your rates go down in Maine.

Below is a table showing the average car insurance costs by age:

Average Maine Auto Insurance Rates By Insurance Company

Car insurance companies use similar information to set your rates, but each company has its own method of deciding how much each factor affects your premium. They look at details like your age, gender, marital status, and ZIP code to help determine your rate. That’s why it’s important to compare different providers to find the one that best fits your budget and needs.

Some of the top insurance companies in Maine include Geico, State Farm, and USAA. Below is a table showing the average auto insurance rates from six major providers in Maine:

Average Maine Car Insurance Premiums By Credit Score

In many states, including Maine, insurance companies use your credit score to help determine your insurance rates. Improving your credit score can lower your premiums or even make you eligible for a plan you might not have qualified for otherwise.

Below is a table showing the average car insurance premiums based on different credit score categories in Maine.

Average Car Insurance Costs In Maine By Gender

Car insurance rates in Maine can vary based on gender. On average, male drivers typically pay slightly higher premiums than female drivers. These averages can fluctuate depending on other factors such as age, driving history, and location within the state.

Here’s a table showing the average car insurance costs by gender in Maine:

Cost Of Maine Car Insurance By Driver Record

Drivers with a clean driving record typically pay around $125 a month for car insurance in Maine. The better your driving record, the lower your insurance premium will be.

If you’ve had accidents or serious offenses, like a DUI, too many speeding tickets, or driving without insurance in Maine, insurers may consider you a high-risk driver and increase your rates. Similarly, if you’ve made multiple claims or had claims made against you, expect your premium to be higher.

Here is a table displaying average car insurance costs based on different driving records in Maine:

Average Maine Auto Insurance Costs By Marital Status

Insurance companies usually give married drivers a discount or lower rates because they believe they are more responsible on the road. Studies have shown that married drivers tend to have fewer accidents and traffic tickets. As a result, they pay less for insurance than single drivers.

Here is a table displaying average car insurance costs by marital status in Maine:

Cost Of Car Insurance In Maine By Coverage Type

The more coverage you choose, the higher your insurance premium will be. The amount of coverage you need depends on your state’s laws and whether you own, finance, or lease your car.

For example, in Maine, the minimum car insurance requirements are $50,000 for bodily injury per person, $100,000 per accident for bodily injury, and $25,000 for property damage. It also requires at least $50,000 per person/$100,000 per accident for uninsured/underinsured motorist coverage, and $2,000 for medical payments. So, the level of coverage you select affects your car insurance costs.

Here is a table displaying average car insurance costs by coverage type in Maine:

Average Maine Car Insurance Rates By City

Your location has a significant impact on your car insurance rates. For instance, places with heavy traffic or more accidents usually have higher premiums. Also, areas prone to bad weather, like hail, floods, or snow, often see higher rates because of the risk of vehicle damage. However, Maine, with its many small towns and rural areas, tends to have the lowest car insurance rates.

In the following table, we explore the average car insurance costs in eight different Maine cities to illustrate these differences.

Average Maine Car Insurance Rates By ZIP Code

The number of car insurance claims filed in your ZIP code can influence your premium. If people in your area file more claims than usual, insurance companies may charge higher rates. Also, some ZIP codes have higher risks due to factors like crime, accidents, population density, and weather, which can lead to higher insurance costs.

The table below shows the average car insurance rates in various Maine zip codes, highlighting how rates vary depending on the location.

Maine Car Insurance Prices Compared To Other U.S. States

Although car insurance is cheaper in Maine as compared to other states, it’s always a good idea to compare the prices to other U.S states, to make sure you’re getting a fair deal.

In the following table, we provide you with a comprehensive comparison of average car insurance rates across all U.S. states, providing a clearer picture of how Maine fares on the national stage.