Maine is well known for its coastal scenery. Unfortunately, however, its many miles of public roads and high accident rates may influence car insurance costs in Maine. However, drivers can still find affordable car insurance by shopping around and comparing quotes. MoneyGeek’s car insurance calculator gives drivers an instant estimate of their premium based on factors such as age, gender, driving history as well as additional factors which might alter it such as adding a teenage driver or receiving speeding tickets.
Maine drivers pay an average annual cost for car insurance of $1,116. This figure is slightly higher than the national average of $1,060 but actual costs can depend on several variables such as your driving record, make/model of vehicle purchased and amount covered in policy.
Teen drivers typically pay higher premiums because their inexperience behind the wheel increases insurer risk. Teen drivers also tend to get involved in more accidents or drive recklessly, leading to traffic violations like speeding tickets more easily than older drivers who usually pay lower premiums because they are less likely to cause accidents themselves.
Your credit score plays a pivotal role in the costs associated with Maine car insurance policies. This is because insurers use your score as a reflection of your reliability as a driver; using it as a tool to predict claims filed and assess risk levels accordingly; with higher credit scores typically translating to reduced rates – so the better off you are, the lower will be your Maine auto insurance rates!
Add collision and comprehensive coverage to your Maine auto insurance policy for added peace of mind against vandalism, theft, floods, hail and fire damages to your own vehicle that might occur from non-accident-related sources – like vandalism, theft or flooding. While Maine requires minimum liability limits of $30,000. Higher limits could help avoid unexpected out-of-pocket expenses should an accident happen through no fault of your own.
Consider investing in Underinsured/Uninsured Motorist (UM/UIM) coverage, which pays your medical bills and damages when an at-fault party’s policy doesn’t cover them. In addition to helping lower liability insurance rates, this coverage may speed recovery after an accident – on average it costs an extra $189 annually in Maine alone and can be obtained through providers such as USAA, Auto-Owners or Travelers.