Cheapest Liability Insurance Near Me - To help you find the cheapest car insurance in Maine, our editorial team has compiled quotes from the best car insurance companies for each area code in the state. The minimum insurance quotes for Maine must be $50,000 per person for personal injury coverage, $100,000 per accident, and $50,000 for non-driver liability coverage. Coverage per person, $100,000 per accident and $25,000 per property. , damage insurance, $2,000 per person for medical expenses. Full coverage policy quotes include liability limits above state minimums, as well as comprehensive coverage and collisions.
Additionally, we rank the best auto insurance companies in Maine based on customer service, convenience, availability for different drivers, and coverage options.
Cheapest Liability Insurance Near Me
State Farm offers the cheapest auto insurance in Maine. At $361 per year, State Farm's minimum coverage policy is 20% less than the national average.
Car Insurance In Bangor, Maine
The average cost of car insurance in Maine is $452 per year, or $38 per month for minimum liability.
However, active-duty military members, veterans and their families can find a lower rate of $313 per year through USAA.
Car insurance with minimum coverage is the cheapest insurance option and meets Maine's legal requirements. However, unlike full coverage policies, minimum coverage does not fully cover damage to your vehicle caused by collision, theft, vandalism, or natural disasters regardless of your fault. No.
Minimum coverage is often cheaper, but buying less liability coverage and omitting comprehensive and collision coverage can be dangerous. We offer comprehensive car insurance for most drivers.
The Cheapest Car Insurance In Maine For 2022
The Concorde has the most affordable comprehensive car insurance in Maine at $818 a year or $68 a month. That's $233 less than the state average and $366 more than the annual average.
A full coverage policy includes full insurance and collision coverage to cover accidents, theft, natural disasters, and vandalism.
Car insurance rates in Maine are often more expensive for drivers with traffic violations or DUI (driving under the influence) or accidents. Insurance companies see these accidents as a sign that you are a high-risk driver.
State Farm has the best rates for drivers who have recently received a speeding ticket. Comprehensive auto insurance increases 10 percent after one ticket to $902 a year. By comparison, the average driver in Maine can expect to see their insurance premiums increase by 14 percent after a speeding ticket. But the progressive rate increased by 30%, the highest increase in the state.
The Average Cost Of Car Insurance
Drivers who have recently been involved in an accident in Maine can find the cheapest comprehensive car insurance at State Farm. After an accident, the average cost of a fully insured State Farm policy is 40% less than the national average of $1,646 per year.
Having an accident on your driving record can significantly increase your premiums. Each insurance company is different, but Maine drivers can expect an average increase of 57%. State Farm raised interest rates by 20% after the crash, while Progressive, the most expensive insurer, raised rates by 86%.
Concord offers the most affordable Maine rates for DUI drivers. The average annual cost is $1,377 per year, which is 30% lower than the national average.
Getting a DUI in Maine can increase your car insurance premiums by an average of 87% compared to a clean driver.
Ways To Get The Cheapest Car Insurance Possible
Geico has the cheapest car insurance rates for Maine drivers with bad credit — $1,123 a year for a full coverage policy, which is $495 less than the national average.
Bad credit can lead to higher car insurance premiums, as drivers with lower credit scores are statistically more likely to file a claim. In Maine, a bad credit score can increase your insurance rates by 54 percent compared to drivers with average credit scores.
The cheapest car insurance company for married drivers is Concorde, which charges $672 a year for comprehensive coverage, an 18% savings compared to unmarried drivers.
Young drivers shopping for cheap car insurance in Maine can find low rates at Concord. The company charges $922 for minimum coverage and $1,690 for full coverage, which is 37% and 49% cheaper than the national average.
Cheapest Cars To Insure In 2022: Subaru, Jeep And More
Car insurance for young drivers is more expensive than insurance for older drivers because young people have less experience and are more likely to be involved in an accident.
The average minimum car insurance premium for a young driver in Maine is $1,459 per year, or $122 per month. It costs more than $1,000 more than the adult policy.
Concorde offers the lowest rates for young drivers with recent speeding tickets – with a minimum insurance premium of $1,062 per year, 34% less than the national average.
Speeding can increase your car insurance premiums, although not as bad as being the at-fault driver in an accident.
Cheapest And Best California Car Insurance Companies (2022)
In Maine, young drivers who get their driver's licenses are expected to see a 10% increase, while drivers who have recently been in an accident will see an average increase of 34%.
Concorde has some of the most affordable car insurance rates for young drivers involved in an accident. Concord's minimum insurance costs $1,365, which is 30% cheaper than the national average.
However, Concord adds more post-accident premiums than other insurance companies. Drivers with Concorde expect a 48% increase, while drivers with State Farm expect a 22% price increase. Allstate raises rates for young drivers in Maine, the state with the highest number of accidents: 53%.
State Farm is one of the best rated insurance companies in Maine. It gets high reviews from our editors, high customer service scores, and good financial viability.
Best Cheap Car Insurance Companies In 2022
A satisfaction survey by J.D. Power is an annual survey of insurance customers nationwide about their claims experience with their insurance company. A higher score is better, and the best score is 1000.
A.M. Best's Financial Strength Rating is a letter rating that describes an insurer's overall financial health and ability to repay. The best possible grade is "A ++". All the companies we look at are A.M. An "A" or better means they have "perfect" or "superior" ability, even in tough economic times.
Our editorial ratings are determined by analyzing each company's competitive ratings, recommended coverage principles, and customer satisfaction scores.
Patten Drivers has the most affordable car insurance rates in Maine at $977 per year, 7% cheaper than the average. Penobscot drivers pay an average of $1,132 per year, which is 8% more than the average.
Cheapest Car Insurance Companies, Rates & Quotes (2022)
Where you live affects your car insurance quote as much as your driving habits. However, in Maine, prices do not vary from city to city. Between the most expensive and the least expensive places, the difference in total car insurance costs is only $155 per year.
Like all states, Maine drivers are required by law to have minimum liability insurance to drive. Legal requirements in Maine are more stringent than in most states for liability insurance, but we recommend that most drivers choose a comprehensive insurance policy to prevent damage to your vehicle regardless of fault.
State Farm offers the most affordable prices in Maine, great customer service, and excellent financial stability. However, younger drivers can find cheaper insurance on the Concorde.
The average cost of car insurance in Maine is $452 per year, or $38 per month for the minimum insurance policy. The average cost of comprehensive coverage is $1,051 per year, or $88 per month.
The General® Car Insurance
Portland is Maine's largest city, but its auto insurance rates match the national average of $1,056 for comprehensive coverage.
We've collected thousands of car insurance quotes from area codes in Maine for the state's largest insurance company. We used an example driver with the following profile:
For other price analysis (credit score, accident history, marital status) the above basic principles have been modified to reflect the new driver. The quotes for young drivers are based on the minimum insurance policy.
Insurance Rate Data Usage Analysis of Quadrant Data Services. These rates are taken from public insurance documents and should be used for comparison purposes only - your quote may vary.
The 5 Cheapest States For Car Insurance
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Tanveen Vohra is an editorial manager specializing in writing about property and casualty insurance. Tanveen works to help users better understand its components.
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