The Maine Public Broadcasting Network
Maine Public Radio
Maine Public Classical
Reports Show Maine Insurance Rates Among Lowest
01/18/2013 2:38 PM ET  

Maine's top insurance regulator says automobile and homeowners' insurance rates in the state are among the lowest in the country.

GARDINER, Maine (AP) _ Insurance Superintendent Eric Cioppa (CHOP'-pah) said Friday that the National Association of Insurance Commissioners has released two reports showing improvements in Maine's national ranking for auto and homeowners rates. The studies place Maine in the top 10, meaning the cost for these types of insurance is lower than in most other states.

For homeowners insurance, Maine is ranked 9th nationally for 2010, the most recent data evaluated, compared to 11th in 2009.

For personal auto insurance, Maine's ranking improved from 6th in 2009 to 5th in 2010.

Cioppa says those rankings "are signs of a healthy and well-functioning property and casualty insurance market.''


Become a Fan of the NEW MPBNNews Facebook page. Get news, updates and unique content to share and discuss:

Recommended by our audience on Facebook:
Copyright © 2016 Maine Public Broadcasting Network. All rights reserved.