Maine Insurance Requirements & Rates

Maine requires minimum liability coverage of 50/100/25 (bodily injury per person / per accident / property damage). Maine is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is required.

Maine homeowners face risks from nor'easters, winter storms, flooding, coastal erosion. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $1,294.

Maine requires riders under 18 to wear helmets. Lane splitting is not legal. The riding season is may–september.

Yes, workers' compensation insurance is required in Maine. Sole proprietors and partners may opt out. Maine has approximately 150,000 small businesses, with top industries including Tourism, Fishing & Seafood, Healthcare.

Yes, Maine has expanded Medicaid. The state has its own state-based health insurance marketplace at https://www.coverme.gov. The uninsured rate is 7%.

Yes, landlords in Maine can require tenants to carry renters insurance as a condition of the lease. About 28% of Maine residents are renters, with average monthly rent of $1,050.

With a median household income of $63,182, most Maine families should consider 10-12x their annual income in life insurance coverage. Currently, 50% of Maine households have life insurance.