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Cheap Car Insurance in Maine

Maine is a beautiful state. One of the great things about living in Maine is that auto insurance costs tend to be low. Based on a 2011 study published by insure.com, Maine drivers pay an average of $1,126 per year for auto insurance. This is the third lowest rate for a state in the nation and $435 less than the national average.

But this doesn’t mean drivers shouldn’t look hard to find cheap car insurance in Maine. By doing some research and comparing prices, they could save hundreds of dollars on their rates.

Minimum requirements for insurance in Maine

Bodily Injury Liability limits of $50,000 per injured person and $100,000 per accident are the Maine insurance minimum requirements. The Property Damage Liability minimums should be a minimum of $25,000. The coverage is often referred to as 50/100/25 with 50/100 UM limits by insurance agents.

These are some of the highest minimum limits in the country, which makes Maine’s relatively low cost for insurance all the more impressive.

Like many states, Maine follows a Tort system, and someone must be found at fault for accidents that occur. The tort system laws vary from state to state. Be aware of the laws specific to Maine.

Other Coverage Types

The medical payment coverage minimums equates to $1,000 in the state of Maine. The medical payments coverage will cover the costs of medical and funeral expenses that are hurt or killed in an accident in the driver’s car. To protect against uninsured drivers, Maine state law requires $50,000 per person of insurance and up to $100,000 per accident for uninsured or underinsured driver.

Collision and comprehensive insurance are not required in Maine. If you do not obtain this insurance, you can save money. Consumers appreciate the cost savings associated with high deductibles and deletion of certain coverage they may not need.

What Affects Rates

Insurance costs are affected by the accident risk in the state. This may be affected by the number of DUIs and teen driving habits. Informed consumers remain abreast of the rate trends, average monthly premiums and auto insurance rates.

Personal credit history may be used to determine the rates of an individual’s insurance costs, along with age, gender, car make and model, the location of the vehicle and the frequency that you may drive. Insurance companies do not base rates on personal credit history alone, but legally Maine has the right to include it in their criteria.

How to Save on Maine Insurance

If you are need of cheap car insurance in Maine, simply enter your zip code on our site to get free quote. The process only requires a few minutes of your time to find some of the cheapest rates available from leading insurers.

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