Maine Auto Insurance

Auto insurance in Maine

The law imposes that all drivers acquire a valid insurance policy, highlighting the benefits offered, should an accident take place. No matter if the vehicle is used for personal or professional purposes, having insurance is mandatory. Drivers who operate a vehicle without insurance are liable for fines of up to $1,000 or they can have their driving documents suspended, for up to six months. This can concern either the driver's license or the vehicle registration. If you are looking to discover more information on the topic of auto insurance in Maine, all you have to do is keep on reading.

What type of car insurance do you legally need in Maine?

According to the Mandatory Liability Insurance Act, all Maine residents who intend to operate a moving vehicle are obliged to acquire a valid liability insurance policy. If the driver operates the vehicle without insurance, he/she will have to bear certain consequences, such as the ones mentioned above. The local authorities have an online insurance verification system, which can be used whether a vehicle has insurance or not.

For a resident to operate a vehicle in the state of Maine, the respective car insurance must comply with several requirements. These include: bodily injury liability ($100,000 per accident and $50,000 per person), property damage liability ($25,000 per accident), uninsured motorist bodily injury ($100,000 per accident and $50,000 per person), and medical payments coverage ($2,000 per person). Full coverage insurance is better than the minimum liability coverage, especially since you can add options such as comprehensive and collision insurance. Specialists advise vehicle owners on choosing insurance policy with the highest possible coverage limit, in contrast the minimum one imposed by the law. In this way, you will be protected should the worst-case scenario occur.

The above-mentioned sums refer to the maximum amount insurance providers are able to pay, should you be involved in an accident for which you are at fault. According to the modern law, all drivers must carry a copy of their insurance policy while driving. Naturally, driving without insurance in Maine is illegal, which consequences such as legal fines and the suspension of one's driving documents (driver's license, vehicle registration). Jail time might be enforced for those who continue to drive without a valid insurance policy.

Average cost of auto insurance in Maine

How much does car insurance cost in ME? The state minimum auto insurance policy in Maine has a value of $227. However, a full coverage insurance policy has an average value of $876. In most cases collision and comprehensive coverage are not included in this insurance, reach me so you will have to calculate your budget accordingly. there are various factors that influence the overall insurance rates, meaning: number of miles driven, presence of prior insurance, type of vehicle, location, driving record, age, gender, and marital status. It is recommended to choose an insurance policy that offers a wide coverage and not necessarily the one with the most affordable value.

The average cost of car insurance usually varies from one state to the other. You can expect variations for both the minimum and the full coverage, especially if you add options such as comprehensive and collision insurance. The factors that influence these values include: number of uninsured drivers in the city, road conditions, number of drivers in accordance with the general population, weather-related accidents, at-fault accidents.

Maine has a significantly lower rate for the average car insurance than the national median, which is around $1,770. Among the states with the most expensive policies, there are: California, Colorado, Florida, Louisiana, Michigan, Nevada, New York, and Pennsylvania. On the other hand, the states with the most affordable policies include: Maine, Nebraska, New Mexico, North Dakota, Oregon, Tennessee, Washington, and Wisconsin. New York has some of the most expensive auto insurance policies, with $2,996 for the full coverage and $1,339 or the minimum one. Maine is considered one of the most affordable states when it comes to insurance.

Within the state of Maine, you might also find differences between the various major cities. South Portland has more affordable rates to offer, while Lewiston is at the top of the list. The average annual premiums are as follows: South Portland - $1,154; Bangor - $1,207; Portland - $1,212; Auburn - $1,236; Lewiston - $1,257.

Several factors influence the value of the auto insurance, including the age of the driver. For instance, this type of insurance costs more for young drivers, as insurance companies see them as immature and irresponsible. A teenage driver is prepared to cover an annual premium of over $7,700, why a middle-aged driver will calculate his/her budget to include a car insurance of about $2,000. You might also expect slight differences between genders, with men benefiting from more affordable rates then women. Married couples also have access to attractive insurance rates, in contrast to those who are divorced, single, or widowed.

In calculating the final value of a potential coverage policy, insurance companies well consider the driver's credit history as well. Drivers with exceptional credit can save important sums on their annual auto insurance premiums, while those with a poor credit history will have to prepare themselves for higher rates. Higher rates are also paid by those with prior driving offenses, such as DUI/DWI, at-fault accidents, speeding, or reckless driving. It is worth remembering that the auto insurance rates vary in accordance with the type of coverage offered. Vehicle owners might consider adding both comprehensive and collision insurance to the state minimum policy, to increase the level of protection they benefit from.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Maine. Find car insurance in Maine by city, zip code or county name.

Finding the right auto insurance for you

Our expert assistance will come in handy if you are struggling to find the right insurance policy. Thanks to our experience and knowledge accumulated in the field of auto insurance, we are able to match drivers with the best policies for their needs. In suggesting a particular insurance policy or provider, we will give careful consideration to your available budget. All you have to do is give us a call and we will offer all the support needed. Remember that this service is free of charge and it can save you from a complicated research process, which is a definite advantage to consider.