Maine Auto Insurance with Bad Credit

The Zebra
March 12, 2019

It can be tough to find cheap auto insurance with a poor credit rating. Car insurers use credit tier as a major rating factor, assigning their premiums based partially on drivers’ credit scores. Because auto insurance companies use historical data that show drivers with poor credit are more likely to file car insurance claims, the companies account for for that additional risk by assigning expensive rates.

Car insurance rates with bad credit depends on which company you choose, where you live, and a few other rating factors. We've gathered below typical insurance premiums for drivers with bad credit in primary Maine citiesand rates from top auto insurance companies, plus tips to save on auto insurance if you have bad credit in Maine.


Car insurance for drivers with poor credit in Maine:

  1. Average rates
  2. Prices by city
  3. Rates by company

Car insurance rates with bad credit in Maine

Maine drivers pay an average penalty of $1,712 each year for having a credit score at the low end of the scale. A driver in either the “poor” or “below fair to poor” credit tier will also pay higher-than-average rates.


MAINE CAR INSURANCE PRICES WITH BAD CREDIT

Credit TierAverage Annual Rate in Maine
Worst$2,639
Poor$2,246
Below Fair to Poor$1,982
Average — All Credit Tiers$927

Compare car insurance rates today!


Auto insurance rates with bad credit in Maine cities

Car insurance rates will also vary depending on the specific area where you park your car. Insurers use your address to estimate your likelihood of filing a claim: the denser and claim-prone your immediate area is, the more you'll pay.

See below major Maine cities and their average car insurance costs for drivers with poor credit ratings.


POOR CREDIT CAR INSURANCE RATES IN MAINE CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
Portland$2,594$2,212$1,952
Lewiston$2,744$2,337$2,063
Bangor$2,470$2,115$1,865
South Portland$2,324$1,994$1,760
Auburn$2,736$2,330$2,056


Cheap car insurance companies for bad credit in Maine

Another factor contributing to your premium is the company you select. Every car insurance company rates policies differently, giving rating factors varying weights in their calculations. Credit score can be a primary price differentiator between otherwise-similar insurance companies. In Maine, the most affordable insurance company for a driver with a bad credit score is Concord Group Insurance, which offers a price break of $288 annually versus the second-cheapest company, GEICO.

See below prices from major car insurance companies in Maine for drivers with bad credit.


MAINE CAR INSURANCE RATES WITH BAD CREDIT — POPULAR COMPANIES

CompanyAverage Annual Rate — Worst Credit Tier
Concord Group Insurance$1,076
GEICO$1,364
MMG Insurance$1,596
United Financial$1,964
State Farm$2,042

If you’re facing the prospect of buying car insurance with a bad credit history, keep these tips in mind:

  1. View auto insurance quotes
  2. Know when — and when not — to file your claims
  3. Know what goes into auto insurance rates