Where to Get Cheap Car Insurance in Maine
GEICO, USAA and MetLife are the best companies for cheap car insurance in Maine, according to a QuoteWizard survey of providers that serve the Pine Tree State.
Maine drivers pay an average of $201 per year when they get the minimum amount of auto insurance the state requires from USAA. They pay an average of $457 per year when they buy full-coverage auto insurance from GEICO.
MetLife also offers drivers in Maine affordable car insurance. They pay an average of $238 per year when they buy state-minimum coverage from MetLife, and $489 per year when they buy full coverage from the same company.
These rates are well below the state averages for such auto insurance policies. Our data shows that a typical driver in Maine spends $327 per year on minimum coverage and $701 per year on full coverage.
Continue reading to learn more about:
- Where to buy cheap auto insurance in Maine
- Best cheap auto insurance companies in Maine
- Maine’s most popular auto insurance companies
- Maine car insurance requirements
Where can I get cheap car insurance in Maine?
USAA is the best company in Maine for cheap car insurance if you want a minimum-coverage policy. It offered our sample driver an average rate of $201 per year for this type of auto insurance.
GEICO is the best company in Maine for cheap full-coverage car insurance, which typically includes liability, comprehensive and collision coverage. It offered our driver an average rate of $457 per year for this kind of policy.
These average rates are based on quotes gathered throughout Maine for a standard driver.
MetLife and USAA also offer affordable full-coverage auto insurance to Maine drivers. USAA sent our sample driver an average annual premium of $484 for a full-coverage policy, while MetLife sent our driver an average annual premium of $489.
Besides GEICO, MetLife and USAA, six other companies sent our driver quotes that were cheaper than the state average of $701 for full-coverage car insurance.
MetLife is a good option for affordable state-minimum car insurance, too. It sent our sample Maine driver an average annual premium of $238 for this type of coverage. The average annual premium GEICO sent was even cheaper, at $214.
Four more companies that sent our driver quotes that were cheaper than the state average of $327 for minimum-coverage car insurance are Countryway, MMG, Progressive and State Farm.
To get your best rate for auto insurance in Maine, shop around and compare quotes from all the companies mentioned so far, as well as others. Why? Several factors determine what you pay for coverage, including your age, your gender and your vehicle’s make and model.
What are the best cheap car insurance companies in Maine?
GEICO is the best car insurance company for drivers in Maine who want cheap full-coverage auto insurance, based on our research. USAA is the best car insurance company for Maine drivers who want cheap state-minimum coverage.
GEICO: cheapest full-coverage car insurance in Maine
GEICO offered our sample Maine driver an average rate of $457 per year for full-coverage auto insurance. This average rate is $244 per year cheaper than the state average for a full-coverage policy. That’s a difference of $20 per month.
GEICO also offers cheap minimum-coverage auto insurance. It sent our driver an average rate quote of $214 per year for this type of policy. This is only $13 per year more than the average quote USAA sent, and $113 per year less than the state average for a minimum-coverage policy.
USAA: cheapest state-minimum car insurance in Maine
USAA sent our sample driver an average rate of $201 per year for the minimum amount of auto insurance Maine requires. This average rate is $126 per year, or $10.50 per month, cheaper than the state average for a minimum-coverage policy.
Should you ever want to increase the amount of coverage you have, USAA offers cheap full-coverage car insurance, too. It sent our driver an average quote of $484 per year for this kind of policy. This is just $27 per year more than what GEICO offered for the same coverage, and $217 per year less than the state average.
Unfortunately, USAA is only available to active and former military members and their families.
MetLife: runner-up for cheapest car insurance in Maine
The average rates MetLife sent our sample driver in Maine for state-minimum and full-coverage policies were nearly as cheap as the ones GEICO and USAA sent. As such, if affordable car insurance is what you want or need, don’t ignore this company while shopping around.
MetLife offered our sample driver an average rate of $238 per year for a minimum-coverage policy. This is only $37 per year, or $3 per month, more than what USAA offered. And MetLife sent our driver an average rate of $489 per year for a full-coverage policy. This is just $32 per year, or about $2.50 per month, more than the average quote GEICO sent.
What are the most popular car insurance companies in Maine?
GEICO and USAA may offer the cheapest car insurance rates in Maine, according to our survey of the state, but they’re not the most popular companies there.
Data from S&P Global shows that Progressive is Maine’s most popular auto insurance company. It writes just over 13% of the state’s policies in this area — 13.4%, to be specific.
State Farm is a close second. It commands just under 13% of Maine’s car insurance market.
| Insurance company | Maine market share | |||
|---|---|---|---|---|
| Progressive | 13% | |||
| State Farm | 13% | |||
| GEICO | 11% | |||
| Liberty Mutual | 9% | |||
| Allstate | 7% | |||
| USAA | 6% | |||
| MetLife | 4% | |||
| Concord Group | 4% | |||
| The Hanover | 3% | |||
| Travelers | 3% | |||
| Source: S&P Global | ||||
GEICO, which offers the cheapest rates for full-coverage car insurance in the state, isn’t far behind, though. It is Maine’s third-most-popular auto insurer, writing 11% of its policies.
USAA, our cheapest option for minimum-coverage car insurance in Maine, is sixth, thanks to its 6% market share.
What are Maine’s car insurance laws?
Maine law requires drivers to carry a minimum of 50/100/25 car insurance. This means policies must include at least:
- $50,000 of bodily injury liability coverage per person.
- $100,000 of bodily injury liability coverage per accident.
- $25,000 of property damage liability coverage per accident.
Maine drivers also need at least $2,000 of medical payments coverage, as well as underinsured and uninsured motorist coverage equal to the bodily injury liability limits.
Methodology
We conducted a comprehensive study of Maine auto insurance rates through Quadrant Information Services. The quotes we collected were for a single, 35-year-old male who has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it an average of 15,000 miles a year. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.
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