Car insurance rates in Maine can differ widely depending on which provider is chosen, with premiums determined by factors like coverage level, driving history and credit score. Selecting appropriate coverage levels and reducing risk by decreasing deductible can help bring down rates – however it’s essential that you understand how rates are calculated to find an optimal combination between cost and coverage that works for you.
Maine drivers must carry at least the minimum coverage levels of liability and uninsured/underinsured motorist policies; however, many opt to increase these limits or add comprehensive and collision coverage as extra peace of mind. While adding these extras may increase rates slightly, their added protection can more than make up for it.
Maine car insurance premiums are driven primarily by your choice of coverage type and amount. Switching from full to state minimum liability only, for example, could cut rates by as much as 18x! Other major influences include adding teen drivers to your policy, age (with those over 50 experiencing significant hikes), and your credit score.
A driver with an excellent safety record is one of the main influences on Maine auto insurance rates, and having one will often get you the best rate. Conversely, DUI conviction can double premiums, while speeding tickets or at-fault accidents also increase them significantly.
Check out the Maine car insurance calculator to gain insight into how your choices impact rates; here, you can compare average premiums for a sample driver profile.
MoneyGeek collected this data based on a 30-year-old single male driver in Maine driving a Honda Accord with full coverage using their real-time auto insurance quote comparison tool and reflect available rates in your region.
USAA is often honored as one of WalletHub’s lowest-cost car insurers nationwide and their rates in Maine are among the lowest available – they even provide coverage at their cheapest rate to drivers with no recent tickets or accidents!
Getting caught speeding in Maine will almost certainly cause your rates to increase at renewal, with State Farm having the highest average rate increase at 46%. To prevent this rate spike, shop around for quotes; perhaps there is an insurer with lower rates for high-risk drivers or consider usage-based car insurance options like SafePilot from USAA that may allow you to save up to 30%.
Car insurance rates in Maine can differ depending on your ZIP code, with those living in larger cities likely experiencing higher premiums due to greater population densities and an increase in car accidents. Still, you should find prices across most of Maine fairly consistent.