Best Renters Insurance Maine / Compare Costs & Coverage In ME

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Best Renters Insurance Maine

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Location is the #1 factor in determining the cost of your renter’s insurance

So it makes a lot of sense for you to search Best Renters Insurance Maine if you need a policy. 

However, a Maine Renters Insurance search can take a lot of time and leave you frustrated with unanswered questions. 

But, it doesn’t have to be that way. 

Finding cheap ME Renters Insurance can be a simple process that can be completed online today in just a few minutes. 

We’ll review everything you need to know about the cost and coverage's and where to get the best Renters Insurance in Maine online.

Update: 2021 Maine Renters Insurance Review

With its picturesque coastline, tranquil mountain forests, and historic cities, it’s not hard to see why Maine is such a popular destination for renters. But without the proper protection, you could find yourself paying more for your dream apartment than you bargained for.

Responsible renters know that to safeguard their cherished personal effects from disasters, damage, or deviancy, they need renter’s insurance. That’s why if you’re planning a move to the Pine Tree State, one of your top priorities should be seeking out a policy that provides coverage against personal liability and unforeseen setbacks.

What Factors Determine a Maine Renter’s Insurance Rate?

Insurance providers in the state of Maine take several key considerations into account when setting their rates, including the worth of the valuables you choose to cover and your decision whether or not to have pets.

Number and Type of Valuables

You’ll face higher fees if you have lots of expensive items to insure. Things like jewelry, artwork, electronics, musical instruments, and antiques can all send your monthly premiums skyrocketing.


You’ll also likely pay more for renter’s insurance in ME if you own a cat or dog. This is because lessors regard animals as potential risks to the cleanliness, integrity, and overall presentability of the property.

Can A Landlord In Maine Require Renters Insurance? 

It doesn’t matter if you live in Portland, Lewiston, or Bangor, landlords can be a pain. 

A question we are often asked by soon to be tenants, is, ‘Can a landlord in Maine require renters insurance?’

The simple answer is Yes. 

If ME renters insurance is included as a requirement in your lease, you must comply with those terms and buy rental coverage. 

This isn’t necessarily a ME thing because the answer to, ‘Is renters insurance required in Maine?’ It is the exact opposite. 

No, Maine does not require renters insurance, but with 7% of people in Maine renting, it makes a lot of sense to protect your self and your stuff. 

A good place to start would be by determining What Is Renters Insurance And Why Do I Need It.

FREE Renters Insurance Quotes - ME - Cities

Location is the biggest factor in determining the cost of your renters insurance.  You can save money by getting a quote from an insurance company near you. 

Select Your City Below

What Is The Best Renters Insurance In Maine?

It is estimated that the State of Maine has over 90,972 renters, and every one of them should be looking for the best renters insurance in ME

ME has the best renters insurance options offered by multiple, well known, and respected insurance companies. 

It doesn’t matter if you are in Portland or Lewiston to get the best ME renters insurance you will want to get the right coverage.

Several factors go into finding the best renters insurance in Maine that will affect your policy. 

Your past insurance history, desired coverage amounts, the location of the rental, and this one may come as a bit of a surprise, but your credit score may also be considered.

You can learn more about the process in our article, How To Get Renters Insurance

Which Companies Offer Renters Insurance In Maine?

What Does Renters Insurance Cover In Maine

Many ME residents in Auburn and South Portland mistakenly believe that their Landlord’s insurance protects their personal items. 

This is not the case and is the reason you need to know, ‘What does renters insurance cover in Maine.’

MERenters Insurance covers personal loss due to fire, theft, or vandalism. 

A Maine Renters Insurance policy will also cover your liability if a guest is injured on-premises or you damage the Landlord’s property. 

A Renters Insurance Maine policy does not cover your personal possessions that may break by accident or normal wear or tear. 

Get a much more complete answer to in our article,  What Does Renters Insurance Cover.

Coverage Type

What It Should Cover...

Personal Property

This coverage is for your personal stuff, clothes, electronics, furniture, etc. Should cover up to policy limits.


This will cover you if you accidentally damage your Landlords property or a guest is injured and it is your fault.

Additional Living Expenses

If your place is damaged so bad you can't stay, you will be reimbursed for things like hotel bills.

Recommended Amount Of Renters Insurance In Maine?

It is difficult to recommend the amount of Maine renters insurance you may need.

This is because the factors that go into deciding on your coverage amounts are particular to each individual. 

Location plays a significant factor in the recommended amount of renters insurance in Maine

This is because if you live in Portland, Lewiston, or Bangor, you may need more or less based on the value of the property you are renting. 

The bottom line is you should probably buy as much insurance as you can comfortably afford based on the value of your personal possessions. 

We get a lot more in-depth in helping you make this decision in our article How Much Renters Insurance Do I Need.

How Much Is Renters Insurance In Maine

The cost of renters insurance in ME depends primarily on your coverage's and the location of your rental. 

Answering the question of, ‘How much is renters insurance in Maine’ would be difficult without knowing your personal situation and preferences. 

However, renters insurance Maine costs on an average annual basis of $149.00

The average cost of renters insurance in Maine monthly is $12.42, which is very affordable. 

Keep in mind to determine how much is renters insurance in ME your rental location could make these average costs much higher or lower.

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Cheapest Renters Insurance ME

It would help if you didn’t live in places like Portland, Lewiston, and South Portland to get the cheapest renters insurance in Maine

Location plays a huge role if you want to get cheap renters insurance ME

That means places like Bangor and Auburn may be cheaper because the property values should be less. 

Two other factors will help you get the cheap renter’s insurance Maine, which includes your insurance claim history and your credit score. 

If you are living in a relatively cheap property with no rental claims and a good credit score, expect the cheapest renters insurance in ME.

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