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The average cost of renters insurance in Maine is $172 a year, according to a rate analysis by There are a lot of things to consider when looking for the best renters insurance in Maine. Price is always a consideration, but it's not the only thing you should take into account when deciding on a renters insurance company. You should compare the policies offered by different companies on the basis of the average rate, coverage options, and customer service.

We have put together this guide to help you make the right decision. In this guide, you will find the best and cheap renters insurance companies for Maine renters. Besides, you can compare the companies based on their average rate and ratings. Keep on reading this resource to find the best renters insurance company in Maine for your specific needs and budget.

Key takeaways

  • Maine residents pay an average of $172 annually for standard renters insurance policy.
  • 4667 is the least expensive ZIP code in Maine with an average annual rate of $144 per year.
  • In Maine, Vermont Mutual offers the cheapest renters insurance at $100 annually.
  • USAA is the best renters insurance company based on the research, with a J.D.Power score of 886 out of 1,000.

Best renters insurance companies in Maine

When it comes to choosing the best renters insurance company in Maine, you want to make sure that you are comparing apples to apples. Our experts at have compared quotes, coverage options and J.D Power score from all the major insurers in Maine. Below is the list of best renters insurance companies in Maine:

CompanyAverage rating(out of 5)
State Farm4

Compare best renters insurance companies in Maine

USAA tops the list of best renters insurance companies in Maine with 886 J.D. Power scores, the highest among the carriers surveyed. Its average rate for Maine residents is $140 annually --- $111 less than the national average ($251).

Apart from USAA, you can get a renters insurance policy from companies like State Farm & Allstate. If you want an affordable renters insurance policy, compare these insurance providers on the basis of their J.D. Power score and average rates that are mentioned in the table below.

CompanyJ.D. Power ScoreAverage Annual PremiumAM Best Ratings
State Farm836$113A++

How much is renters insurance in Maine

The average renters insurance policy in Maine costs around $172 per year or $14 a month. However, premiums may vary significantly depending on a number of factors, including your coverage limits, the amount of your deductible, and the type of property you want to insure.

Renters insurance policies in Maine typically provide two types of coverage: personal property coverage and liability coverage. Personal property coverage helps protect your belongings in case they're damaged or stolen, while liability coverage provides protection if someone is injured, or their property is damaged as a result of an accident that occurred at your home.

Average Annual PremiumAverage Monthly Premium

10 Most expensive zip codes in Maine for renters insurance

Renters insurance is a necessary purchase for anyone who rents a home or apartment, but the cost of coverage may vary depending on the zip code. Some zip codes in Maine are more expensive than others when it comes to renters insurance premiums. The most expensive zip code for renters insurance in Maine is 4478 and its average annual rate for Maine renters is $215.

The 10 most expensive zip codes for renters insurance in the state are listed below.

ZIP codeAverage Annual Rate

10 Least expensive zip codes in Maine for renters insurance

The least expensive zip code for renters insurance in Maine is 4667, its average annual cost is $144. Below are the 10 least expensive zip codes in Maine for renters insurance premiums are listed below. These areas may typically have lower property values or fewer risks associated with renting, which results in lower premiums for renters insurance coverage.

ZIP codeAverage Annual Rate

Cheap renters insurance in Maine by carrier

When it comes to renters insurance, it’s important to shop around and compare rates to make sure you’re getting the best deal possible. Each of these carriers typically offers competitive rates for renters insurance coverage in Maine. Based on's rate analysis, Vermont Mutual is the cheapest renters insurance provider. It offers a standard renters insurance policy at an average of $100 annually.

Find below the list of cheapest renters insurance companies in Maine along with their average annual premium.

Company NameAverage Annual Premium
Vermont Mutual$100
State Farm$113
MMG Insurance$125
Quincy Mutual$187
The Hanover$474 compared renters insurance rates in 2022 provided by Quadrant Data Solutions for $40,000 personal property coverage with a $1000 deductible and $100,000 liability coverage for all available ZIP codes. ZIP codes were ranked based on the average rates for personal property coverage of $40,000, liability coverage of $100,000, and a $1,000 deductible and included good credit ratings. Content was updated in 2023.

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