Best Cheap Car Insurance in Maine 2022 – Forbes Advisor
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Finding Cheap Car Insurance in Maine
One of the best ways to lower your car insurance bill is to shop around and compare prices. We evaluated 10 major insurance companies in Maine to find the best rates.
Related: The best car insurance companies
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Cheap Car Insurance in Maine for Good Drivers
Drivers with no recent claims or accidents generally pay the lowest car insurance premiums. The average Maine driver with a clean driving record pays just over $1,000 on average per year, according to a Forbes Advisor analysis.
Geico and Concord Group offer the best rates for good drivers in Maine, so check with these companies if you’re a good driver looking for a cheap car insurance policy.
Related: The best cheap car insurance companies
Cheap car insurance in Maine for drivers with a speeding ticket
Maine car insurance premiums increase by more than $200 on average following a speeding ticket. This is an increase of 19%, on average. Still, insurance companies charge different rates for drivers with speeding tickets, so you might find one company cheaper than another by comparing quotes from multiple insurers.
Drivers with a speeding ticket on their records should check out quotes from Concord Group, which has the best rates among the companies in our review. Another option for veterans, service members and their families is USAA.
Cheap car insurance in Maine for drivers who have caused an injury accident
Maine drivers generally pay more for auto insurance after an at-fault car accident, but how much depends on the insurer, among other factors.
Geico and Concord Group have the best rates for drivers with recent injury crashes of the companies we reviewed. Both companies had average rates under $1,000.
Cheap Car Insurance in Maine for Drivers with a DUI
The average Maine auto insurance rate more than doubles after a DUI conviction. Our analysis found that Maine insurers raise rates an average of 129% or more than $1,300 after a DUI. However, not all insurers raise their rates so much after a DUI.
State Farm increases its rates by only 9% on average and Progressive by only 18% after a DUI. Concord Group and Travelers also have average rates well below the state average for these drivers.
Cheap Car Insurance in Maine for Drivers with Bad Credit
Having bad credit is a major auto insurance cost driver in Maine. Auto insurance companies charge drivers with bad credit 86% more than other drivers, or almost $900 more.
Geico and Concord Group both have average rates under $1,000, so they’re great places to get quotes if you have bad credit. If you are able to improve your credit, ask your car insurer to boost your credit for better rates.
Cheap car insurance in Maine for adding a teen driver
You can expect car insurance premiums to increase after adding a teenager to your policy. The average rate for Maine parents more than doubles after putting a teenager on contract, but some insurers aren’t raising rates much.
Auto Owners and MMG have the best rates for parents adding a teen to a policy, of the companies in our review. Both of these companies have average rates that are less than half the state average.
Related: Best Cheap Car Insurance for Teenagers
Cheap car insurance in Maine for young drivers aged 18-25
Young drivers pay double the state average for good drivers in Maine. Insurance companies charge young drivers more for car insurance because they are considered a greater risk. They haven’t spent much time behind the wheel, so insurers think they’re more likely to have accidents.
However, several Maine auto insurance companies offer rates well below the state average, including Concord Group and Geico. Check with these two companies if you are shopping for a policy. If you’re attending college or graduate school, ask about student car insurance discounts, which can help you save money on your coverage.
Cheap Car Insurance in Maine for Drivers Age 65 and Older
Auto insurance companies generally charge older drivers more than middle-aged motorists, but you may find some insurers in Maine that don’t by comparing quotes from multiple companies.
Geico, Concord Group, and Travelers all offer average rates well below the state average for older drivers, so consider starting with these insurers if comparing policy rates.
Related: Best car insurance for seniors
Cheapest Vehicles for Insurance in Maine
You may be able to save money on your car insurance depending on the type of car you own. In Maine, the Honda Pilot SE, Chevrolet Colorado and Ford Ranger Lariat are among the cheapest vehicles for insurance, based on average rates for the top 50 selling 2021 models. The 20 cheapest are below.
The most expensive insurance vehicles in Maine among popular models are the Lexus ES 300H ($1,715 per year) and the Tesla Model S Performance/Plaid ($2,748 per year).
Related: Most and least expensive cars to insure nationwide
Minimum car insurance required in Maine
Motor vehicle liability insurance. This is essential coverage that pays for property damage and injury you cause to others. If another driver hits you, you can make a claim against their auto liability insurance or sue for your injuries and property damage. It also pays for a legal defense if you are sued.
Car owners in Maine must have liability insurance with at least:
- $50,000 for bodily injury to a person
- $100,000 for bodily injury to multiple people in an accident
- $25,000 for property damage in an accident
This is often written as 50/100/25.
You may want to buy more than the minimum liability requirements. If you cause a car accident with multiple injuries, the medical bills could quickly exhaust the policy limits and you could be sued for the rest. If you have assets (like a house) or savings, it’s a good idea to buy higher limits. It’s better that your auto insurance company pays to settle the lawsuits, not you.
Medical payments (MedPay). Maine requires a minimum of $2,000 per person in medical payment coverage. MedPay covers medical expenses for injuries sustained by you and your passengers, regardless of who caused an accident.
Uninsured/Underinsured Motorist Coverage. Uninsured Motorist (UM) coverage covers your medical expenses when someone who does not have liability insurance hits you. Underinsured Motorist (UIM) coverage covers your medical expenses when someone hits you, but they don’t have enough liability insurance.
In Maine, you must purchase UM with at least $50,000 for one person bodily injury and $100,000 for multiple person bodily injury in an accident.
If you purchase higher liability limits, Maine law also requires that you purchase UM/UIM insurance equal to the amount of your liability limits. For example, if you take out 100/250 in liability insurance, you will need to take out 100/250 in UM/UIM. If you do not want higher UM/UIM limits, you can opt out in writing.
What else should I have?
Collision and full coverage. Required coverage in Maine does not cover your own car. You will need collision and comprehensive insurance to pay for repairs after things like damage you accidentally cause to your own car, vandalism, riots, hail, floods, fires, falls objects and collisions with animals, such as deer.
If you have an auto loan or lease, the lender or leasing company will most likely require these types of coverage.
Summary: Car Insurance Required in Maine
Can I show my insurance ID card from my phone?
Maine allows you to use a phone to show an auto insurance ID card. If you get pulled over, you don’t have to hope your ID is somewhere in the glove compartment. Many auto insurers have mobile apps that include access to proof of insurance.
Factors Allowed in Maine Auto Insurance Rates
In addition to your driving record, previous claims, and vehicle model, Maine auto insurance companies are allowed to use these factors in ratings.
How many uninsured drivers are there in Maine?
Maine has the fourth lowest percentage of uninsured drivers in the United States. Only about 5% of Maine drivers do not have car insurance, according to the Insurance Research Council. Compare that to the national average of 13% or Mississippi with the highest percentage of uninsured motorists at 29%.
Penalties for driving without car insurance
If you are caught driving without insurance in Maine, you can be fined $100 to $500 and stay in jail for up to 10 days.
Troubleshoot insurance issues
The Maine Office of Insurance is responsible for regulating insurance companies, approving their rates, and receiving consumer complaints. If you have an unresolved issue with your insurer, you can start a online complaint.
To find the cheapest auto insurance companies in Maine, we used rates from Quadrant Information Services, an insurance data and analytics provider. Rates are based on a female driver with a clean record insuring a Toyota RAV4 with $100,000 per person liability coverage, $300,000 per accident and $100,000 property damage liability coverage, uninsured motorist coverage and any other coverage required in the state. The rate also includes collision and all perils with a deductible of $500.
The companies we reviewed in Maine were Allstate, Concord Group, Geico, MMG Insurance, Patriot Group, Progressive, State Farm, Travelers, USAA, and Vermont Mutual.