Maine drivers can expect average full coverage premiums of about $386 annually; however, rates could go much higher depending on their driving history or other personal factors. Luckily, using MoneyGeek’s car insurance calculator they can see how their individual profile affects rates by using this online tool which takes into account variables like driving record, coverage level and credit score to give an estimate of cost saving from switching deductible levels or switching policies altogether.
Rates provided here are estimates derived from Quadrant Information Services and should only be seen as indicative. Quotes provided come from companies licensed to offer car insurance in Maine (excluding USAA and Vermont Mutual), while data was based on insuring a new Toyota RAV4 with $100,000 bodily injury liability per person coverage and $300K property damage liability (known as 100/300/100 coverage), uninsured motorist coverage, collision and comprehensive insurance, uninsured motorist coverage as well as an uninsured motorist provision policy at $500 deductible cost – although other discounts or factors not listed may also apply and rates collected from Allstate, GEICO State Farm Travelers etc.
Maine drivers must maintain at least $250,000 of liability coverage on their policies; however, many opt to add comprehensive and collision coverage as additional options. While these extras might increase premium costs slightly, comprehensive and collision policies could protect your investment and ensure you’re covered should an accident occur that was your responsibility or any other damaging incidents arise.
Car insurance companies use multiple factors to calculate your rate, such as your driving record, age and gender as well as type of vehicle you operate. Women tend to pay less than men for car insurance premiums but this trend is shifting as more men take up driving. Some insurers also take your credit score into consideration with lower scores leading to more expensive premiums; taking steps such as paying down debt and timely bill payment may help improve it and thus decrease auto insurance premium costs.
State Farm, one of the largest auto insurers in the US, boasts some of the lowest average car insurance rates in Maine. Their excellent customer satisfaction rating and wide selection of discounts have garnered them numerous accolades; such as Steer Clear to encourage safe driving among young drivers; Drive Safe & Save to track driver habits via an app and offer rewards; as well as multi-vehicle discounts and savings when you park at home, among others. They even offer additional coverage such as roadside assistance and rental reimbursement!