January 31

Maine one of most affordable states for home, auto insurance

The state has the third-lowest average auto insurance premium, according to a new report.

By Gillian Graham ggraham@pressherald.com
Staff Writer

Maine ranks among the most affordable states for personal auto and homeowners insurance, state officials announced this week.

A report by the National Association of Insurance Commissioners ranked Maine third in its nationwide ranking of lowest personal auto insurance premiums. Maine previously had been ranked fifth.

Maine ranks 11th when it comes to lowest average homeowners insurance premiums, according to the group’s annual homeowners insurance report.

“Maine is consistently a national leader in affordable auto and homeowners insurance,” Gov. Paul LePage said in a prepared statement.

Eric Cioppa, the state’s insurance superintendent, said the rankings reflect “the healthy competitiveness of the auto insurance market in Maine.”

Maine continues to rank among the states with the lowest percentage of uninsured motorists, Cioppa said.

Gillian Graham can be contacted at 791-6315 or at:

ggraham@pressherald.com

Twitter: @grahamgillian

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