Maine residents have many reasons to explore lighthouses and indulge in lobster. The 1,000,000 licensed drivers in Maine have access to almost 23,000 miles worth of roads. You will need to have adequate auto insurance coverage as you travel through Maine’s Pine Tree State. Maine has some of the best premiums in the nation.
Maine residents pay around $294 annually for car insurance with minimum coverage and an average of $965 for full coverage. It is possible to get discounts and lower premiums by comparing multiple auto insurance companies, even with these lower averages.
Maine has the cheapest car insurance
Maine offers affordable insurance, with many national carriers. Below is a list of premiums that you can expect to pay for coverage starting at minimum and ending at maximum from companies selected by market share.
Geico
Geico offers Maine drivers many ways to save, including discounts like bundling with homeowners insurance or renters insurance and multiple vehicle coverage. Geico’s roots are in providing coverage for federal employees and military personnel. The discounts continue to be offered to this day. Geico has over 500 club affiliations and organizations that offer additional discounts for active members.
USAA
USAA offers lower prices for those who meet the eligibility criteria of either an active military member or veteran (or a member of their immediate family). USAA offers drivers a variety of discounts in addition to competitive premiums. Drivers in Maine can enjoy all the benefits USAA offers, including discounts, for less than $196 per annum for minimum coverage.
State Farm
State Farm has many simple ways to save money on your policy. This includes access to a wide range of discounts. You can save more with discounts like multi-car and standard bundling. But, other discounts such as safe driving and driving a newer vehicle will allow you to make even greater savings. All discounts are available by requesting a quote via the app, website or customer service.
Allstate
Allstate offers multiple discounts to reduce competitive premiums. You don’t have to do much, like a discount on automatic payments, renewing your policy seven calendar days before the policy effective date, or opting for paperless statements.
Maine drivers must have minimum coverage
Maine requires that licensed drivers have minimum auto coverage. All drivers must carry $50,000 per person and $100,000 per accident in bodily injury protection, $25,000 in property damage coverage and $50,000 per person and $100,000 per accident in underinsured/uninsured motorist coverage. All drivers must also carry at least $2,000 of medical payment coverage.
Although Maine’s coverage requirements are more stringent than those in other states , adequate coverage can provide additional financial protection. It is a good financial decision to have adequate coverage, regardless of fault, in order to protect yourself against lawsuits and pay for property damage or medical expenses.
How to Get Maine Car Insurance at a Cheap Price
There are many ways to get the best coverage while still getting Maine car insurance at a low price.
It is important to shop around for different carriers. You should also look at the coverage options and rate quotes you receive. Because certain benefits have been removed, some quotes provided by agents or carriers will appear less expensive. Compare policies side-by-side.
All providers are not created equal. This includes national carriers. Not only rates are important, but so is customer service ratings and financial stability. This may not be a way to save money on your premiums but it will save you time and frustration dealing with your carrier.
Maine drivers should ask about any discounts available. You can get a substantial discount on your premiums by taking advantage both of the obvious and less obvious discounts.
A long-term strategy is another way to lower your premiums. Your auto premiums will drop if you focus on improving your credit score. Proven methods to lower your credit score include paying bills on time, monitoring credit reports for errors and maintaining low credit utilization.
You can also lower your premiums by increasing your deductible. You are compensated by lower premiums by taking on more financial risk in the event of an accident. This strategy comes with the caveat that you should make sure your savings are sufficient to cover any out-of-pocket expenses in the event you have to pay a deductible.
Questions frequently asked
Which is the best Maine car insurance?
The best Maine car insurance is determined by many factors such as customer service ratings and financial stability, coverage options, and rates. You must compare quotes from several companies to find the best provider.
What is the average cost for car insurance in the United States?
The average insurance cost in the U.S. is $563 per year for minimum coverage and $1674 for full coverage. Maine ranks among the most affordable states for auto insurance, with an average coverage of $294 per year.
Do I need proof of insurance to register a Maine car?
You must present proof of insurance to register your car in Maine. An ID card and the policy number must be presented. Your policy will require you to have the minimum amount of insurance.