Who Has The Cheapest Renters Insurance Quotes in Maine?

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To show which places in Maine have the most expensive and cheapest renters insurance rates, we evaluated quotes for a sample property (a rental with 1,000 square feet of living space and $100,000 in liability coverage). Our study found that the most expensive location was 35% higher than the spot with the most affordable rental insurance. Since we used one sample property, the rates have comparative value, but are not indicative of what all tenants can expect to pay for their renters insurance. Enter your zip code above to begin searching for renters insurance quotes.

Cheapest Renters Insurance in Maine

We conducted a study to find the cheapest renters insurance in Maine by collecting quotes from major insurance companies for a 1,000 square-foot residence. For our sample renters policy, State Farm ranked the cheapest with an average annual rate of $123, which is 43% cheaper than the average rate for Maine. Below are the average annual rates for five main carriers of insurance, ranked from most affordable to least affordable: 

RankCheapest Renters Insurance CompanyAverage Annual Rates
1 State Farm $123
2 Allstate 140
3 Amica 179
4 Liberty Mutual 284
5 Nationwide 349
Average 215

The above rates were for a profiled property. We encourage you to look for quotes from multiple companies and compare them to find the best rate for yourself.

Best Renters Insurance Rates in Maine: by City

The five cheaptest places for renters insurance in Maine are all located in the southern portion of the state, where the majority of its residents live. The place with the cheapest renters insurance, Bath, has premiums that are 5.3% lower than the state average.

RankCityAverage Annual Rates% Difference vs State Average
1 Bath $205 -5.3%
2 Rockland 206 -4.8%
3 Westbrook 208 -3.8%
4 Lewiston 209 -3.6%
5 Auburn 209 -3.6%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Bath, ME

The area that is now Bath was called "Sagadahoc" by the Abenaki Indians, which meant "mouth of big river." Today, the city is a popular tourist destination and is known as the “City of Ships.” Bath has the cheapest renters insurance in Maine, where the cost to insure our study’s sample property is 5.3% lower than the state average.

Rockland, ME

The city was originally known as Catawamteak, which means "great landing place” and had several other names before Rockland in 1850. The coastal city has fewer than 7,300 residents and also is a popular tourist destination. Rockland places with the second best renters insurance rates in Maine for our sample property, at 4.8% lower than the average for the state.

Westbrook, ME

Westbrook was originally known as Saccarappa and was named after the Saccarappa Falls on the Presumpscot River. It is home to fewer than 18,000 residents, many who commute to and from Portland. Tenants in Westbrook pay 3.8% less for the third lowest renters insurance rates compared to the state average.

Lewiston, ME

About fifty families lived in the area that is now Lewiston before 1774, and it didn’t become a city in 1863. It was a sleepy farm town but today, is the second largest city in Maine with 36,000+ inhabitants. The campus of Bates College is located here as well. At 3.6% lower than the state average, Lewiston ranks with the fourth cheapest rates for rental insurance in Maine.

Auburn, ME

Auburn was named after the town in "The Deserted Village," a famous poem by Oliver Goldsmith. More than 23,000 people live in Auburn, which hosts many annual events, including a popular hot air balloon festival. Our study found the fifth lowest renters insurance quotes in Auburn; our study’s sample property cost 3.6% less to insure versus the state average. 

Most Expensive Renters Insurance in Maine

Due to the population density of Maine and the relatively small number of places included in our study, there were only four municipalities with renters insurance rates higher than the state average. The most expensive place, Ellsworth, has renters insurance premiums that were 27.5% above the state average.

RankCityAverage Annual Rates% Difference vs State Average
1 Ellsworth $276 27.5%
2 Old Town 260 20.1%
3 Bangor 218 0.8%
4 Brewer 218 0.8%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Ellsworth, ME

Ellsworth was settled by Europeans in the early 17th century and heavily affected by the French and Indian War. It was Maine’s fastest growing city in the beginning of the 21st century and is a popular tourist destination. Renters insurance premiums for our sample property are 27.5% higher than the state average.

Old Town, ME

The Abenaki Indians were the original inhabitants of Old Town. They called the area Pannawambskek, which means "where the ledges spread out." Today, there are roughly 8,000 residents in Old Town. Renters insurance premiums in Old Town are 20.1% higher than the state average. 

Brewer, ME

Brewer was originally a part of Orrington and was known as New Worcester. It later separated from Orrington in 1812 and became an independent city. It is home to a large number of historic buildings and the logging and shingle industry once had significance importance to it. Renters insurance rates in Brewer at 0.8% higher than the state average.

Bangor, ME

The third most populous city in the state is located near the University of Maine and also prospered as a lumber producer. Downtown Bangor experienced a revival in the late 20th century with the opening of book and clothing stores, cafes and other businesses. Bangor has the fourth most expensive renters insurance rates in Maine, with premiums only 0.8% higher than the state average.

Average Cost of Renters Insurance in Maine: by City

We gathered renters insurance quotes from five major carriers for 23 municipalities and census designated places across Maine. The quotes gathered were for a sample rental property and we used that data to determine a mean rate for the state of $217. The results also showed that the most expensive place in Maine was 35% more expensive than the cheapest. 

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from five of the major carriers that offer a renters insurance product in the state of Maine. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

RankCityAverage Annual Rates% Difference vs State Average
5 Auburn $209 -3.6%
16 Augusta 215 -0.7%
20 Bangor 218 0.8%
1 Bath 205 -5.3%
14 Belfast 214 -1.4%
6 Biddeford 209 -3.6%
21 Brewer 218 0.8%
12 Calais 212 -2.3%
18 Caribou 217 0.0%
13 Eastport 212 -2.0%
23 Ellsworth 276 27.5%
15 Gardiner 214 -1.3%
19 Hallowell 217 0.0%
4 Lewiston 209 -3.6%
22 Old Town 260 20.1%
10 Portland 210 -3.2%
17 Presque Isle 217 0.0%
2 Rockland 206 -4.8%
7 Saco 209 -3.6%
9 Sanford 209 -3.5%
11 South Portland 210 -3.0%
8 Waterville 209 -3.6%
3 Westbrook 208 -3.8%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

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