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Kristine Lee

Insurance Analyst

  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

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Renata Balasco

Senior Content Strategist

  • Licensed Insurance Agent — Property and Casualty

Renata joined The Zebra in 2020 as a Customer Experience Agent. Since 2021, she has worked as licensed insurance professional and content strategist.…

How to get affordable renters insurance in Maine

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 household items in the event of fire, smoke damage, a wind storm, theft or vandalism and an array of other mishaps.

Unlike auto insurance, renters insurance isn't priced based on state-level legislation. Still, there are surprisingly large gaps in the cost of renters insurance policies by state. Renters insurance policy costs in a given state may vary depending on the number and cost renters claims submitted across the state, and also on the value of the belongings being insured.

Maine renters insurance is less expensive than the national average. The typical annual renters insurance rate in Maine is $155, $29 less expensive than the national average.

The best way to find affordable renters insurance in Maine is to compare rates from multiple companies. Find out renters insurance rates in Maine by reviewing the below data. Individual rates may vary depending on coverage options and the value of your belongings.

Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions

Renters insurance prices in Maine by company

Rates for renters insurance in Maine will vary depending on the insurance company you select. Vermont offers the most affordable renters policies in Maine, at just $100 yearly. This beats the state average cost of $155, offering a 35% discount on average policy costs statewide.

Start your search for a renters policy by checking out the cheapest Maine companies, listed below.


Insurance Company Average Annual Rate in Maine
Vermont $100
Patriot Insurance $101
State Farm $117
Concord $117
Patrons Oxford $121

Maine renters insurance costs by city

Not all Maine cities have equal renters insurance rates. Rates are determined based on on city-specific variables, such as the number of local claims filed, giving your ZIP code weight in deciding how much you pay.

The cheapest renters insurance rates in Maine are in Rockland. The average renters insurance policy in Rockland costs $144 per year — $42 less than the statewide average. The below cities have the most affordable renters insurance in Maine.

City Average Yearly Renters Insurance Rate
Rockland $144
Bath $145
Ellsworth $148
South Portland $148
Bangor $149

Renters insurance in ME by coverage tier

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Maine, the difference in annual premium between these two tiers is roughly $60. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.

Coverage Level Average Annual Renters Insurance Rate in Maine
$25K Property $125
$50K Property $185

Tip: bundle auto and renters insurance in Maine

If you want to save on insurance, consider purchasing both your car and renters insurance policies from one company. A renters and auto insurance bundle in Maine can save you a substantial sum each month on your auto insurance policy. In fact, bundling policies in Maine may earn you a yearly discount of $35.

Avg. Annual Rate (No Bundle) Avg. Annual Rate (w/ Bundle) Annual Savings ($) Annual Savings (%)
$896 $861 $35 4%



Maine renters insurance FAQs


Is renters insurance required in Maine?

Maine state law does not designate renters insurance as a mandatory coverage. Before you sign a lease, however, many landlords or property management companies will require it.

What does Maine renters insurance cover?

Typically, a renters insurance policy will provide property coverage for the contents of your home, liability insurance, additional living expenses, and medical payments to others. These coverage options are flexible and there is no state minimum in terms of limits.

Need renters insurance? Talk to an expert today.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.