Car insurance is an essential requirement of driving in Maine. Minimum liability limits provide a good starting point; however, adding extra protection such as uninsured/underinsured motorist coverage or medical payments is strongly advised given Maine’s higher collision rate compared to national norms; any one at-fault accident on your record could increase premiums by 20% for five years!
Maine car insurance rates depend on several elements, but three key ones include adding a teenage driver (who can raise premiums up to 2.5x), age and credit score are among them. Furthermore, insurers also take into account your type of vehicle – high-end luxury or sports vehicles typically cost more to insure than standard sedans.
MoneyGeek’s Maine car insurance calculator can provide an estimate of how much your coverage may cost before selecting a company and policy. Our tool offers instantaneous estimates based on factors like personal details, driving history and coverage requirements to give an instantaneous estimation of Maine auto insurance premiums based on these parameters.
Save both time and effort when shopping around with multiple car insurers using a free Maine car insurance calculator from multiple companies online. The results will provide quotes that allow you to compare them, giving you the power to find the most beneficial offer based on your personal situation. It may even be beneficial if you’re already insured as different insurers offer different policies with differing pricing structures and coverage amounts.
As a rule of thumb, insurers who meet minimum car insurance requirements tend to offer cheaper premiums; those offering maximum coverage with comprehensive and collision policies typically incur the highest costs; on average in Maine this typically amounts to about an additional cost of approximately $189 annually above minimum limits; as many lenders and leasers require such protection before lending/leasing vehicles in some instances, so be aware of laws in your state before opting out of them altogether.
There’s no single solution to finding cheap car insurance in Maine, but some effective strategies for cutting costs include raising your deductibles on full coverage policies, bundling auto and home policies together, or opting for less costly models. Drivers may find that simply taking these steps can save hundreds of dollars in premiums over time.