Auto Insurance in Maine
The average car insurance cost in Maine is $1,085 per year for full coverage. Maine requires minimum liability coverage of 50/100/25. The state's uninsured driver rate is 4.8%, which is below the national average of 12.6%.
Top auto insurers in Maine: GEICO, State Farm, Amica. We recommend comparing quotes from at least 5 companies, as rates can vary by 50% or more between insurers for the same driver profile.
Home Insurance in Maine
Homeowners insurance in Maine averages $1,180 per year for $300,000 in dwelling coverage. This is below the national average of $1,820/year. Rates are influenced by natural disaster risk, construction costs, and local claim frequency in the Northeast region.
Health Insurance in Maine
The average individual health insurance premium in Maine is approximately $540/month before subsidies through the ACA marketplace. Many Maine residents qualify for premium tax credits that reduce this cost to $50-$200/month.
Minimum Insurance Requirements
Maine requires all drivers to carry minimum liability insurance of 50/100/25. This means: $50,000 per person for bodily injury, $100,000 per accident total for bodily injury, and $25,000 for property damage per accident. While these minimums are legally sufficient, most financial advisors recommend 100/300/100 coverage.
Top Insurance Companies in Maine
The largest and most popular insurance companies in Maine include:
- GEICO — Market leader in Maine
- State Farm — Competitive rates and strong service
- Amica — Popular choice with good coverage options