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Are you looking for cheap auto insurance in Portland, Maine? At AutoInsuranceEZ.com, you can find the cheapest insurance rates close to you. To receive free car insurance quotes from the best providers today, enter your zip code into the quote box on this page.

Portland is the largest city in Maine and also home to the famous Old Port district, which attracts a great number of tourists each year. The early history of Portland was plagued by a series of devastating fires, which eventually led to a new design for the state flag. Emblazoned on the state seal is a phoenix rising from the ashes, signifying the city’s ability to rebound and grow from past tragedy.

  • Fun fact: Did you know that Portland is #45 on the list of “Top 100 cities with oldest houses (pop. 50,000+)”?

Auto Insurance Coverage Requirements in Maine

Driving legally in Portland requires:

Coverage Requirements Most Common
Bodily Injury Liability 50,000/100,000 100,000/300,000
Property Damage Liability 25,000 50,000
Uninsured Motorist Bodily Injury 50,000/100,000 100,000/300,000
Medical Payments 1,000 5,000
Collision Not required 500 deductible
Comprehensive Not required 100 deductible

When compared with other states, Maine’s minimum legal requirements for insurance are a little bit higher and more comprehensive than most. But in a way, this protects you from some very unfortunate things (uninsured motorists and medical bills especially) that you would otherwise be financially liable for.

Even with higher insurance requirements, most drivers in Maine are only paying about $80 monthly for their policy premiums. Believe it or not, though, you can get that rate even lower. Portland motorists can find automotive policies as low as $35/mo – if you know where and how to look!

Average Monthly Auto Insurance Premiums Legend: Portland Liberty Mutual Concord State Farm Vermont Mutual Allstate 5 10 15 20 25 30 35 $24 $29 $30 $31 $38

 

Liberty Mutual, Concord, and State Farm are offering the absolute lowest rates on car insurance right now in Portland. But should you really stop your search right there? Customer service is important too, as well as a smooth claims service. And companies which offer those might cost a few dollars more.

Auto insurance providers contemplate many variables when determining insurance quotes, including gender, where you live, occupation, years of driving experience, and multiple cars and drivers. In addition, premiums change from carrier to carrier. To find out whether you’re still receiving the most favorable rate, compare cheap Portland auto insurance quotes online.

Major Car Insurance Factors in Portland

Insurance companies take numerous factors into account when designing an auto insurance policy. Unfortunately, many of these factors are difficult or impossible to change, such as your marital status or the make/model of your car. Other factors your car insurance company may consider include:

  • Your Zip Code

Where you park your automobile each night will have a serious impact on your car insurance rate. Usually, car insurance is cheaper in rural areas because fewer cars means a smaller likelihood that you will get into an accident with another automobile. The population of Portland is 66,318 and the median household income is $40,806.

Auto Insurance by Zip Code Legend: Portland South Portland Auburn Bangor Lewiston Liberty Mutual Concord State Farm Vermont Mutual Allstate 5 10 15 20 25 30 35 $24 $22 $25 $24 $25 $29 $29 $23 $21 $23 $30 $30 $25 $26 $25 $31 $31 $30 $31 $30 $38 $38 $38 $38 $38

 

  • Automotive Accidents

Yes, there are sometimes fatal car accidents in Portland. Thankfully, they are fairly rare, as you can see in the chart below. This isn’t just good news because everyone deserves safe roads to drive on. This can also lower average car insurance rates in your area.

Fatal Accidents in Portland, ME Legend: Portland Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 1 2 3 4 5 6 7 3 5 1 3 7 1

 

  • Auto Thefts in Portland

Auto theft is a major problem, especially in densely populated cities. If your location and/or vehicle model put you at a greater risk for theft, you may have trouble finding low-cost car insurance. The total number of stolen vehicles in Portland was only 69 as recently as 2013. If you have an expensive Comprehensive coverage option on your policy, consider adjusting your deductible to save money (more on that later).

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Liberty Mutual Concord State Farm Vermont Mutual Allstate 10 20 30 40 50 60 70 80 90 100 110 $24 $113 $29 $69 $30 $67 $31 $81 $38 $83

 

  • Your Credit Score

Are you wondering why your automotive insurance rates are so high? Well, a big part of the reason could be your credit score. A driver’s credit history has one of the biggest influences on whether they get low rates, or have to pay some of the highest premiums around.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit Liberty Mutual Concord State Farm Vermont Mutual Allstate 5 10 15 20 25 30 35 40 45 50 55 $18 $46 $26 $46 $25 $58 $29 $50 $33 $48

 

  • Your Age

The younger you are on the age spectrum, the more difficult it will be to find affordable rates. And if you’re the parent of a young driver, you might be thinking about putting them on your family policy to save some cash. And this can work, especially if you encourage your child to take educational driving lessons and get excellent grades – but it will noticeably raise your insurance rates, though.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Liberty Mutual Concord State Farm Vermont Mutual Allstate 10 20 30 40 50 60 70 80 90 100 110 120 $24 $111 $29 $95 $30 $110 $31 $108 $38 $127

 

  • Your Driving Record

The fewer tickets and accidents you have, the cheaper your monthly premiums will be, period. Fewer tickets means that you are not a risky driver, and that you won’t likely file any claims in the near future, costing your insurance provider money. But having tickets, or even a small accident on your record means that you are a higher-risk driver and therefore could file a potentially expensive claim one day.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Liberty Mutual Concord State Farm Vermont Mutual Allstate 5 10 15 20 25 30 35 40 45 50 55 60 65 70 $24 $34 Do Not Sell $39 $29 $29 $63 $29 $30 $34 $34 $37 $31 $31 $74 $40 $38 $41 $48 $50

 

  • Your Vehicle

Would you insure a Porsche or a Ferrari with Liability coverage alone? You could try, but it’s highly unlikely you could find one, especially if you are financing or leasing the vehicle. That’s why luxury vehicle insurance cost so much more than regular vehicle insurance – because you have to buy more and larger amounts of coverage for proper security.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder Liberty Mutual Concord State Farm Vermont Mutual Allstate 10 20 30 40 50 60 70 80 90 100 110 120 $24 $122 $29 $74 $30 $93 $31 $88 $38 $103

 

Minor Car Insurance Factors in Portland

Guess what? There are many other factors which might change the final number on your car insurance bill. And those include:

  • Your Marital Status

Married couples can – and definitely should – be on a family policy together. If you both have clean records, then bundling together can really reduce your rates. However, if one of you has a bad driving record, it might actually save you money to consider keeping your policies separate.

  • Your Gender

According to insurance provider data, there isn’t much difference between the way women and the way men drive. Due to this, there is usually not much difference between how much insurance companies charge male and female customers who purchase their policies.

  • Your Driving Distance to Work

When commuting to and from work each day, the average mainland driver can usually get to work in less than 20 minutes. Living on one of the islands, however, can see a commute time of 39 minutes or more. A little over 65% take their own car in to work, while another 3-15% carpool with their co-workers.

If you think the use of your vehicle doesn’t matter, think again. Using your vehicle to make a necessary commute, such as for work or school, you’re more likely to be on the road during rush-hour traffic than if you only use your vehicle for pleasure. And being on the road during high traffic times can make you a riskier driver.

  • Your Coverage and Deductibles

If you think of yourself as a particularly safe driver, you could really save a lot of money by raising your deductible. This is because the more money you pay in the event that you must file a claim, the more of the financial responsibility you are willing to take off of your provider. And they will reward you with lower payments on your premiums.

  • Education in Portland, ME

While the greatest segment of Portland drivers have a high school diploma or other equivalent, almost 24% have bachelor’s degrees. If you are one of these residents with a higher education, you could enjoy some additional savings. Insurance providers have recently started offering lower rates to those drivers with advanced degrees, overlooking even those with nice jobs or high salaries.

Portland has a school for almost any ambition you might be interested in pursuing. The city is home to the Maine College of Art, as well as the University Of Maine School Of Law. The University of New England has a campus in Portland which offers degrees in the professional health field, while the University of Southern Maine offers highly respected degrees in education.

Unfortunately for most insurance companies, a simple online search can reveal many of their industry secrets. But even with the right information, it can still be difficult for you as an individual to determine your risk profile and discover low-cost insurance. Be sure you do your due diligence prior to committing to your next car insurance policy.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Maine Bureau of Insurance

Maine Bureau of Financial Institutions

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

Calculate YOUR auto insurance risks by entering your Zip Code into the calculator below.

Learn more about Portland, Maine.

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