If you’re shopping for a new policy or trying to save on your current one, a Maine car insurance calculator is an ideal starting point. It allows you to quickly assess your options based on factors like age, driving record and vehicle type. Furthermore, the tool displays average annual rates from top insurers in your state so that you can see which companies offer the most competitive prices.
Maine’s average cost of a policy is lower than the national average by 35.1% at $927 annually, though rates can vary greatly based on an insured party’s age, credit score, driving history, gender and marital status.
Most drivers in Maine tend to find lower premiums with a clean driving record; however, it should be noted that this is not always the case. A DUI or speeding ticket could significantly raise your rates in Maine.
Young Drivers Pay Double the State Average
Insurance providers typically charge younger drivers more for auto insurance due to their perceived higher risk. If you’re a teen, ask your agent about student discounts that could reduce your rates.
Low-mileage drivers may be able to save by switching from usage-based coverage. Furthermore, a higher deductible or lower coverage limits may help lower your costs.
Collision Coverage and Comprehensive Insurance
Maine requires drivers to carry liability insurance, but that isn’t the only option. Insurers sell optional collision and comprehensive policies that offer additional protection in case of a crash, theft or damage caused by natural disasters. With these policies, drivers can receive additional peace of mind knowing their vehicle is covered for any eventuality.
Most insurance providers offer these add-ons. In addition, you may purchase UMBI/UMBI and medical payments coverage which could cover expenses if an accident occurs with an uninsured or underinsured driver.
Your Credit Is an Important Car Insurance Cost Factor
Poor credit can make it more difficult to be approved for a policy. Fortunately, many Maine auto insurers provide affordable quotes to those with less-than-perfect credit; examples include Geico, Concord Group and Travelers.
Finding the most affordable Maine auto insurance requires comparison shopping among multiple quotes online, making it essential to do your due diligence before signing on the dotted line. Additionally, taking a driving course such as Maine Driving Dynamics can help lower your premiums even further.
When moving to Maine from another state, it’s essential to know your minimum coverage levels. These will protect you in case of an accident or other mishap and can be adjusted as necessary.
Finally, review your policy’s deductible and coverage limits to make sure you have enough protection in case an emergency arises. For instance, if moving from a state with high property damage limit to one with much lower levels, it could be wise to purchase higher limits for both property damage and bodily injury protection.
Finding a trustworthy and reliable Maine car insurance company is essential for the security of you and your family. When searching for a provider, look one that has an impressive customer service rating as well as financial strength – something which may not be easy with so many insurers available in the state.