Car insurance in Caribou for an adult with a clean driving record and good insurance score costs $1,047 a year for a full coverage policy, according to CarInsurance.com data.

But that’s just an average. Insurance companies look at drivers as individuals, factoring in their age, driving history, the make and model of their car and other factors.

Where you live is also a big factor. Car insurance rates can vary greatly from city to city and even from ZIP code to ZIP code within a city.

More traffic typically translates to more accidents and claims, so insurers look at neighborhoods and consider population density, road conditions, weather and other factors.

Some ZIP codes have much more auto theft than other areas. Insurers will thus charge higher premiums in those zip codes because the risk of loss is much higher. Other ZIP codes have a lot more car wrecks and the insurance company will charge higher premiums to cover the risk,” says James Brau, professor of finance at Brigham Young University. “Imagine a densely-crowded ZIP code where a lot of folks are driving versus a code out in a rural area where you hardly ever see another car. The odds of more wrecks and thefts are higher where there are a ton of vehicles — it becomes a statistics exercise.

Knowing where you live and what you’re likely to pay can be a big help when shopping for auto insurance.

That’s why our experts have created this comprehensive guide to help you make intelligent decisions about car insurance. The guide provides the average car insurance rates in Caribou by coverage levels, age, city and ZIP code. It also lists the cheapest car insurance carriers and rates in Caribou.

Key Highlights
  • Car insurance in Caribou is cheaper than car insurance in Maine for full coverage policies.
  • The average cost of a full-coverage car insurance policy in Caribou is $1,047 per year or $87 per month.
  • In Caribou, Auto-Owners offers the cheapest full coverage car insurance at $55 per month.

What is the average cost of car insurance in Caribou, ME?

The average auto insurance rates in Caribou, ME at various coverage levels are listed below:

  • State minimum: $306 per year
  • Liability-only coverage (50/100/50): $310 per year
  • Full coverage (100/300/100): $1,047 per year

The cost of car insurance can vary significantly depending on the coverage level you choose. The three most-talked-about coverage levels are:

State minimum car insurance, which is the minimum liability coverage your state requires; liability car insurance coverage, which pays for the medical bills of anyone you injure with your car and pays to repair or replace any cars or property you hit; and full coverage car insurance, which includes collision and comprehensive insurance that pays for damage to your car.

Average annual rates by company for different coverage levels

CompanyState MinimumLiability OnlyFull Coverage
Auto-Owners$214$216$655
Travelers$307$307$727
Geico$190$193$764
USAA$187$191$778
State Farm$241$251$901
Progressive$344$345$1,010
Frankenmuth Insurance$280$285$1,131
Allstate$390$390$1,507
Farmers$601$608$1,949

Note:

  • State Minimum: State minimum liability only
  • Liability Only: 50/100/50 liability only
  • Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

What are the cheapest car insurance companies in Caribou, ME?

Out of all the carriers available in Caribou, Auto-Owners offers the cheapest full coverage car insurance at $55 per month.

The second-cheapest car insurance company in Caribou is Travelers, offering car insurance at $61 monthly.

Cheapest CompanyFull Coverage Monthly Rates
Auto-Owners$55
Travelers$61
Geico$64
USAA$65
State Farm$75
Progressive$84
Frankenmuth Insurance$94
Allstate$126
Farmers$162

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Comparing quotes from multiple insurers can help you save money on your car insurance premiums.

Which companies offer the cheapest rates for high-risk drivers in Caribou, ME?

Car insurance is more expensive for high-risk drivers. A high-risk driver in Maine is considered as such because they have:

  • Multiple speeding tickets or other traffic infractions in the last three- to five-year period.
  • An injury or a high-cost accident in the last three- to five-year period
  • A DUI conviction
  • A teen/inexperienced driver on their policy
  • A high-performance sports car
  • A poor credit score (a few states — California, Hawaii, Maryland, Massachusetts and Michigan — prohibit insurance companies from using credit to set rates)
  • A recent lapse in car insurance

Cheapest rates for drivers with two speeding tickets in Caribou, ME

See the average annual premium for drivers with two speeding tickets on their records in Caribou, ME in the table below.

Cheapest CompanyFull Coverage Monthly Rates with 2 Speeding Tickets
Auto-Owners$80
State Farm$82
Geico$93
USAA$93
Travelers$102
Progressive$131
Allstate$147
Farmers$246

Note:

  • Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible
  • Insurance rates after receiving 2 speeding tickets for speeds 11 mph or over.

Cheapest rates for drivers with a DUI conviction in Caribou, ME

See the average annual premium for a driver convicted of DUI in Caribou, ME in the table below.

Cheapest CompanyFull Coverage Monthly Rates with 1 DUI
State Farm$82
Auto-Owners$90
Travelers$98
Progressive$100
USAA$128
Geico$155
Allstate$169
Farmers$194

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Companies with the cheapest insurance by driver profile in Caribou, ME

Personal factors can affect how much you pay for car insurance in states that allow it. Insurance companies do use a driver’s age as a rating factor as more driving experience leads to lower rates – and vice versa. However, not all states allow gender and credit score to be used when setting car insurance rates.

Cheapest rates for drivers in Caribou, ME, by age

Age is a key factor when considering car insurance rates in most cities, including Caribou – it’s one of several key factors taken into account by insurers to determine premiums.

Teens (age 16 to 19) are more prone to accidents because they’re inexperienced drivers. According to the Centers for Disease Control and Prevention (CDC), teen drivers are far more likely to be involved in fatal collisions than adult drivers. The higher the chances of an accident, the higher the car insurance rates.

Drivers in their 40s, 50s and 60s pay less for their car insurance premiums when compared to teen drivers because they are more likely to follow traffic rules, according to the Insurance Information Institute.

AgeCheapest CompanyFull Coverage Monthly Rates
16Allstate$355
16Auto-Owners$155
16Geico$236
16Farmers$676
16Frankenmuth Insurance$405
16Progressive$580
16State Farm$297
16Travelers$263
16USAA$314
17Allstate$337
17Auto-Owners$140
17Geico$213
17Farmers$493
17Frankenmuth Insurance$405
17Progressive$513
17State Farm$262
17Travelers$213
17USAA$235
18Allstate$304
18Auto-Owners$127
18Geico$194
18Farmers$479
18Frankenmuth Insurance$405
18Progressive$477
18State Farm$231
18Travelers$169
18USAA$181
19Allstate$301
19Auto-Owners$110
19Geico$154
19Farmers$364
19Frankenmuth Insurance$401
19Progressive$283
19State Farm$204
19Travelers$141
19USAA$156
20Allstate$272
20Auto-Owners$101
20Geico$123
20Farmers$335
20Frankenmuth Insurance$380
20Progressive$258
20State Farm$178
20Travelers$125
20USAA$141
21Allstate$231
21Auto-Owners$93
21Geico$111
21Farmers$238
21Frankenmuth Insurance$241
21Progressive$177
21State Farm$152
21Travelers$111
21USAA$101
22Allstate$205
22Auto-Owners$87
22Geico$98
22Farmers$215
22Frankenmuth Insurance$192
22Progressive$157
22State Farm$137
22Travelers$100
22USAA$95
23Allstate$182
23Auto-Owners$81
23Geico$85
23Farmers$203
23Frankenmuth Insurance$192
23Progressive$143
23State Farm$121
23Travelers$90
23USAA$89
24Allstate$164
24Auto-Owners$75
24Geico$85
24Farmers$190
24Frankenmuth Insurance$192
24Progressive$130
24State Farm$111
24Travelers$84
24USAA$85
25Allstate$143
25Auto-Owners$70
25Geico$72
25Farmers$165
25Frankenmuth Insurance$138
25Progressive$109
25State Farm$97
25Travelers$68
25USAA$80
30Allstate$126
30Auto-Owners$61
30Geico$64
30Farmers$165
30Frankenmuth Insurance$106
30Progressive$97
30State Farm$78
30Travelers$66
30USAA$70
35Allstate$126
35Auto-Owners$57
35Geico$64
35Farmers$164
35Frankenmuth Insurance$103
35Progressive$91
35State Farm$76
35Travelers$66
35USAA$68
40Allstate$126
40Auto-Owners$55
40Geico$64
40Farmers$162
40Frankenmuth Insurance$94
40Progressive$84
40State Farm$75
40Travelers$61
40USAA$65
45Allstate$126
45Auto-Owners$53
45Geico$64
45Farmers$161
45Frankenmuth Insurance$93
45Progressive$84
45State Farm$74
45Travelers$60
45USAA$65
50Allstate$124
50Auto-Owners$53
50Geico$57
50Farmers$159
50Frankenmuth Insurance$93
50Progressive$84
50State Farm$73
50Travelers$60
50USAA$65
55Allstate$121
55Auto-Owners$53
55Geico$57
55Farmers$158
55Frankenmuth Insurance$92
55Progressive$84
55State Farm$73
55Travelers$54
55USAA$65
60Allstate$118
60Auto-Owners$53
60Geico$57
60Farmers$158
60Frankenmuth Insurance$91
60Progressive$84
60State Farm$73
60Travelers$53
60USAA$65
65Allstate$117
65Auto-Owners$53
65Geico$57
65Farmers$153
65Frankenmuth Insurance$91
65Progressive$84
65State Farm$73
65Travelers$53
65USAA$65
70Allstate$117
70Auto-Owners$53
70Geico$57
70Farmers$153
70Frankenmuth Insurance$90
70Progressive$84
70State Farm$73
70Travelers$53
70USAA$65
75Allstate$116
75Auto-Owners$53
75Geico$57
75Farmers$148
75Frankenmuth Insurance$90
75Progressive$84
75State Farm$72
75Travelers$53
75USAA$65

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Cheapest rates for drivers in Caribou, ME, with poor credit

Except in states that don’t allow it – California, Hawaii, Massachusetts, Washington and Michigan – drivers who have poor credit will pay higher rates for car insurance because they’re viewed as riskier by auto insurers.

Cheapest CompanyFull Coverage Monthly Rates with Bad Credit
Auto-Owners$79
Geico$86
Travelers$101
USAA$105
Progressive$154
Allstate$192
Farmers$214
State Farm$230

Final thoughts: Car insurance cost in Caribou, ME

Shopping for a new auto insurance policy at renewal time is the best way to make sure you have the cheapest car insurance in Caribou, ME. Maximize your discounts, drive a vehicle with plenty of safety features and maintain a good driving record to pay less for car insurance.

Resources & Methodology

Sources:

  1. Centers for Disease Control and Prevention. “Teen drivers.” Accessed August 2023.
  2. Insurance Information Institute. “Senior driving safety and insurance tips.” Accessed August 2023.

Methodology:

CarInsurance.com, commissioned Quadrant Information Services to gather data on the average costs of car insurance for drivers residing in Caribou, Maine.

The rates were derived from a sample profile of a 40-year-old male driving a Honda Accord LX, with no history of violations and a good insurance score. This sample profile opted for full coverage policies with limits of up to 100/300/100 and a $500 comprehensive and collision deductible.

The data was collected across approximately 34,523 ZIP codes, resulting in a total of 56,838,240 quotes obtained from 41 companies.

Laura Longero

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Laura Longero

Executive Editor

Laura is an award-winning editor with experience in content and communications covering auto insurance and personal finance. She has written for several media outlets, including the USA Today Network. She most recently worked in the public sector for the Nevada Department of Transportation.

John McCormick

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John McCormick

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John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.

Leslie Kasperowicz

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Leslie Kasperowicz

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Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.

Nupur Gambhir

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Nupur Gambhir

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Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.

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