Finding a renters insurance policy doesn’t need to be confusing. Compare rates by city and company below.
Renters insurance is an optional — but important — product that works to keep your belongings safe in the event your rental property suffers damage from common incidents. A renters policy protects your belongings in the event of smoke or fire damage, a wind storm, vandalism or theft, and an array of other circumstances.
There are sometimes substantial differences in renters insurance pricing by state. Renters insurance policy prices in US states vary depending on the value of — and frequency of — renters policy claims filed in the state, and depend on the price of the belongings you're insuring.Maine renters insurance is cheaper than the national average. The average annual cost of renters insurance in Maine is $155, $29 less expensive than the average rate across all US states.
The best way to get an affordable renters insurance policy in Maine is to get quotes from as many insurance companies as possible. Find out renters insurance costs in Maine by referencing the below tables. Individual rates may vary depending on coverage options and the value of the items insured.
Rates for renters insurance in Maine differ depending on the insurance company you choose. Vermont offers the best deal on renters policies in Maine — only $100 per year. This compares favorably to the state average cost of $155, offering a 35% price cut on rates typical to the state.
Start searching for cheap renters insurance by reviewing the best Maine carriers, detailed below.
| Insurer | Average Annual Rate in Maine |
| Vermont | $100.00 |
| Patriot Insurance | $100.75 |
| State Farm | $116.93 |
| Concord | $117.34 |
| Patrons Oxford | $120.76 |
Not all Maine cities have equal renters insurance rates. Pricing depends on city-specific variables, such as the number of claims filed in the immediate area, meaning your ZIP code could have a major impact on how much you pay.
The most affordable renters insurance rates in Maine are available in Rockland. An average renters insurance policy in Rockland costs just $144 per year — $42 less than the average Maine rate. The below table shows the best places to live in Maine if you’re looking for cheap renters insurance.
| City | Average Annual Renters Insurance Rate |
| Rockland | $144.00 |
| Bath | $144.53 |
| Ellsworth | $147.50 |
| South Portland | $148.03 |
| Bangor | $148.50 |
If you're trying to save, consider carrying your renters and auto policies with the same insurance company. Bundling renters and auto insurance in Maine can lead to substantial savings on auto insurance. In fact, bundling policies in Maine results in yearly savings of $35.
| Avg. Yearly Auto Insurance Rate (No Bundle) | Avg. Yearly Auto Insurance Rate (Bundle) | Annual Bundle Savings | Bundle Savings % |
| $896.08 | $860.81 | $35.26 | 4% |
One of the best ways to save on auto insurance is bundling. Get started today!
