Using a car insurance calculator to estimate car insurance costs in Maine can help you find the best rate for you. The calculator provides a basic analysis of how different insurers calculate rates, and provides a basis for comparison.
Maine car insurance rates are not very different from the national average. On average, Maine drivers pay $1,116 per year for car insurance. However, this figure does not include the costs of comprehensive and collision insurance, which can increase your premium. Full coverage policies protect you against damage to your car and underinsured motorists. Also, Maine insurance laws require that drivers carry bodily injury coverage and property damage liability.
The cheapest policy in Maine is the state minimum liability only policy. Those with more comprehensive coverage are more expensive. However, if you want comprehensive insurance, you can choose higher coverage limits for more protection. The state’s minimum UM coverage limits are $50,000 per person and $100,000 per accident. The state’s minimum liability limits are also high. Those who have an older car with low replacement value may not need full coverage.
Another factor that affects your car insurance rates is the condition of your car. If it’s older or has been in an accident, you may need to purchase additional insurance coverage. You may also need additional protection for theft or vandalism. Having additional coverage can cost more in premiums, but it can save you in the long run.
The third factor that affects your car insurance rates in Maine is your credit score. If your credit is bad, you will pay more for your premiums. On the other hand, having a good credit score can lower your premiums by up to twice as much. You can save hundreds of dollars by shopping around for affordable car insurance.
Another factor that affects your car Insurance rates in Maine is your driving history. Drivers who have a history of violations and accidents will pay more for their coverage. Drivers with good driving records may qualify for discounts. However, not all Mainers qualify for these discounts. You may also be able to qualify for a discount if you’re a homeowner, a good student, or go paperless with your car insurance.
You can also reduce your insurance premiums if you pay your premiums on time. If you don’t pay your premiums, you could be fined up to $500. If you’re unable to pay your premium, you could also have your insurance canceled. If you have a complaint, you can contact the Maine Bureau of Insurance.
Another factor that affects your car’s insurance rates is where you live. Drivers who live in an area with more accidents will pay more for their insurance. You may also have to pay more for insurance if you live in an area with high rates of vandalism. The cost of car repairs in your area may also be a factor in your car insurance quotes. You may also have to pay for additional coverage if you own a high-end luxury or sports car.