The state of Maine has a long-standing tradition of low insurance rates, and Portland continues this tradition by recording the lowest ever annual average insurance rate at $788. The city of Augusta follows, with an annual average insurance rate of $800. Maine has the distinction of being the state with the lowest average insurance rates in the United States.
In this feature, we will consider the insurance rates of three of America’s favourite cars in the cities of Augusta and Portland: the Chevrolet Silverado, the Ford F-Series, and the Honda Civic.
Let us look at the numbers in the table below.
|City||Make||Model||Year Range||Insurance Average ($)||Median Price ($)||Insurance %|
The Honda Civic sold at a median price of $14991 in Portland is clearly the best choice for prospective buyers who wish to limit their initial investment. With a median price that low, it does not matter that the average yearly insurance of this car is higher than that of the Chevy Silverado and Ford F-Series sold in Portland.
The next best deal is the Honda Civic again, sold in Augusta for a median price of $17,995. Again, though the insurance for this car is higher than that of the other cars, the low median price makes it a good deal for those who cannot afford to shell out more than $18,000.
The Chevrolet Silverado, sold in Portland at a median price of $21741, is your next most affordable car. With the median price as well as average insurance rate lower than Augusta, this car is relatively more affordable in Portland.