No matter if you are moving or already live in Maine, this car insurance calculator will assist in understanding your costs and finding ways to cut them. Use it to estimate annual or monthly premium rates for specific makes and models of vehicle registered in Maine.
Maine law mandates auto insurance coverage, with drivers needing liability coverage in order to be legally compliant. Liability coverage includes bodily injury and property damage liability as well as uninsured/underinsured motorist coverage; insurers must provide at least $50,000 per person and $100,000 per accident as uninsured/underinsured motorist coverage.
Your driving record affects your rates: Drivers with traffic tickets or DUI convictions often see their rates increase; one way to mitigate this rise is avoiding driving without insurance, but another option is shopping around for lower cost quotes using this car insurance calculator.
Young drivers tend to pay higher premiums than experienced ones: Teen drivers pose greater risks because of their youth and inexperience behind the wheel; more accidents happen among these youthful drivers compared to experienced ones, and therefore are considered high-risk by insurers.
Discounts for good drivers: Some companies provide discounts to drivers with no violations on their records and/or young drivers on their parent’s policy.
Payment by monthly installment can save money. Many opt for this approach as it creates more manageable monthly payments and spreads out costs over a longer timeframe.
Consider including comprehensive and collision coverage as part of your car insurance: this will protect against damages that don’t result from collision, like weather-related issues, theft or vandalism; additionally, comprehensive car insurance can cover damages from animal strikes.
Find a cheaper car insurance company: When searching for Maine auto insurance at its most competitive rate, always compare quotes from several companies to ensure that you find one that best meets your specific needs and budget.
Insurance a Newer Car: One way to lower car insurance costs is to purchase and insure a newer car – typically five years old or less – because older models cost more to insure and allow you to take advantage of any special offers that insurers might give.
Check Your Car’s Safety Rating: Owning a safe vehicle can reduce insurance rates significantly, so when considering purchasing one in Maine it’s advisable to read up on its safety ratings on its manufacturer website and report.
Consider Availing of Low Mileage Discounts: Most car insurance providers offer discounts for those driving less than 10,000 miles annually – this could save up to 10% on premiums!
Keep Your Car In A Garage When Not Being Used: Certain insurers offer discounts for keeping vehicles out of the elements and garage storage during winter. In such instances, insurers may even give a bonus discount!