Insurance

Best Ways To Get Affordable Car Insurance In Maine

Auto insurance is a very important purchase as it ensures your safety in the event of an accident or theft.

However, searching or shopping for the best auto insurance company in Maine that would suit your needs is very tasking.

You’d have to get quotes from different insurance providers and compare them and see whose policies are more in your favor.

Not to forget, there are several factors that significantly affect the premiums you pay for your car insurance.

Some of them include; age, gender, location, credit score, driving record, and the make and type of vehicle you have.

In the US, Maine is the second-least expensive state for auto insurance. 

An average driver in Maine pays $667 per annum, about $200 less than the US national average according to the Insurance Information Institute. 

Minimum Car Liability Insurance In Maine

The US law requires all registered vehicles in the country to have at least, minimum car liability insurance and Maine is not an exception.

Car liability insurance provides protection for you if you’re found at fault in an accident. It pays for property damage and bodily injuries you cause in an accident.

Bodily injury and property damage are the two main components of auto liability insurance. It also includes Underinsured motorist coverage and Uninsured motorist coverage that protects you when an at-fault driver hits you with little or no insurance coverage.

Read also:

Maine Auto Insurance Laws

In Maine, by law, drivers are required to maintain liability, uninsured/underinsured motorist coverages, and medical payments.

Minimum Liability

  • Bodily Injury $50,000 per person
  • Bodily Injury $100,000 per accident
  • Property Damage $25,000 per accident

Uninsured/Underinsured Motorist Coverage

  • Bodily Injury $50,000 per person
  • Bodily Injury $100,000 per accident

Medical Payments

  • $2,000 per person

Optional Coverage (varies by carrier):

  • Comprehensive
  • Collision
  • Loan/Lease Payoff
  • Rental Car Reimbursement
  • Roadside Assistance

Cheap Car Insurance For Good Drivers In Maine

Drivers with no recent claims, tickets, or accidents usually pay the cheapest auto insurance premiums. A Maine driver, having a good driving record pays a little more than $1,000 annually, on average.

Geico and Concord Group offer the cheapest rates for good drivers in Maine.  If you’re looking for affordable policies, you should consider them.

Cheapest companiesAverage annual rates
Geico$590
Concord Group$658
USAA$772
Travelers$841
State Average$1,022

Cheap Car Insurance For Drivers With A Speeding Ticket In Maine

A speeding ticket increases your car insurance premium by an average of over $200. However, car insurance providers offer different rates after a speeding ticket. 

If you obtain and compare quotes from different companies, you might find one that is affordable for you.

Cheapest CompaniesAverage Annual Rates
Concord Group$756
USAA$872
Geico$937
State Farm$988
State Average$1,212

Drivers with a speeding ticket should check quotes from Concord Group as it has the cheapest rates followed by USAA. However, USAA is exclusive to only veterans, military members, and their families.

Cheap Car Insurance For Drivers Who Caused An Accident With Injury In Maine

After an at-fault accident, drivers in Maine pay more but the amount you pay is dependent on your auto insurance provider.

 

Cheapest companiesAverage annual rates
Geico$954
Concord Group$987
State Farm$1,074
USAA$1,172
State Average$1,438

Geico offers the cheapest rates for drivers with a recent accident on their record with an annual average of $954 followed closely by Concord Group with an annual average of $987. Both rates are less than $1000.

Cheap Car Insurance For Drivers With A DUI In Maine

A DUI conviction exponentially increases your premium by a rate of 129%. Drinking under the influence of alcohol is a crime and aside from raising your premiums high, you’re likely to serve a jail term, pay fines and even have your license suspended. 

However, not all insurers hike as much. While Progressive increases her rates by 18%, State Farm increases by 9%.

Cheapest companiesAverage annual rates
State Farm$988
Concord Group$1,098
Travelers$1,259
Progressive$1,497
State Average$2,344

Cheap Car Insurance For Drivers With Poor Credit In Maine

Having poor credit also increases your car insurance premium in Maine. Auto insurance providers charge drivers in Maine with a poor credit score 86% more than other drivers.

Cheapest companiesAverage annual rates
Geico$933
Concord Group$969
USAA$1,250
Travelers$1,390
State Average$1,896

Geico and Concord Group have the cheapest rates. Geico has an annual average of $933 and Concord Group, has an annual average of $969, both average rates below the state’s average. 

Cheap Car Insurance For Adding A Teen Driver In Maine

After adding your teen to your policy, your premium increases significantly. The average rate for Maine parents doubles but not all insurance providers raise their premiums as much.

Cheapest companiesParents onlyParents plus teen driverAverage % increase for adding a teen
Auto-owners$643$92544%
MMG$974$1,22726%
Geico$740$1,591115%
Allstate$1,078$2,169101%
State Average$1,090$2,532125%

 

Auto-Owners and MMG have the cheapest rates for parents who add their teen to their policy. Both of these insurers have average rates that are less than half of the state average.

Cheap Maine Car Insurance For Young Drivers Ages 18 to 25

Young drivers are viewed as high-risk drivers because of their inexperience behind the wheels and so are more likely to get involved in an accident. 

Premiums for young are high, double the state average for good drivers. Still, not all insurers hike their rates for young drivers. Some companies offer rates below the state average.

Cheapest companiesAverage annual rates
Concord Group$1,080
Geico$1,189
USAA$1,285
Travelers$1,378
State Average$2,040

Geico offers the lowest rates for young drivers followed by USAA. USAA is, however, exclusive to veterans, military members, and their families.

Cheap Car Insurance For Seniors In Maine

Senior drivers are typically charged higher than middle-aged motorists by auto insurance companies because they are considered a higher risk.

However, you can get quotes from multiple companies and compare to get the best rates.

Cheapest companiesAverage annual rates
Geico$590
Concord Group$604
Travelers$678
USAA$735
State Average$915

Geico, Concord Group, Travelers, and the USAA all offer average rates well below the state average for seniors, so consider starting with those companies if you’re comparing rates for a policy.

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