Finding the best car insurance in Maine depends on a range of factors. Some, like driving record and credit score can be controlled; other aspects like age and car type may be less so. With some research you should be able to find an insurer suitable to your needs; MoneyGeek’s Maine car insurance calculator gives an approximate idea of your premium costs based on some basic inputs.
Maine mandates minimum coverage requirements that include Bodily Injury liability ($50,000 per person, $100,000 per accident), Property Damage Liability ($25,000), and Medical Payments coverage ($2,000 per person). Most people opt for additional protection such as Uninsured/Underinsured Motorist or Collision coverage; adding an umbrella policy providing minimum $1 Million liability protection may also help. Adding roadside assistance that covers towing and rental reimbursement can further lower out-of-pocket expenses.
Make and model of your vehicle can impact the cost of car insurance in Maine. Typically, sport cars and luxury vehicles tend to cost more to cover. Claims filed against specific makes and models also have an effect on rates.
Drivers with clean driving records typically qualify for lower auto insurance premiums in Maine. Being recognized as an outstanding driver could result in up to a 10% savings off their premiums!
Teen and young drivers tend to pay the highest car insurance rates due to their limited experience behind the wheel. Teen drivers in Maine pay over three times what is average nationally for car insurance; The Zebra found that Travelers, GEICO and USAA offered the least expensive coverage options for teenage drivers in Maine.
After receiving a ticket or having an accident on your record, car insurance rates tend to increase as you become considered higher risk, leading to an increase in premiums lasting several years depending on its severity and frequency. Your rates could go up even more depending on whether it was severe.
Increased deductibles may help lower car insurance rates in Maine; however, they could result in significant out-of-pocket expenses should you need to file a claim. Working with an independent agent or broker who understands the various components that impact rates would be ideal as they can suggest appropriate coverages and deductibles while connecting you with top insurers that specialize in Maine drivers’ policies is also advised.