Besides being an attractive state with enchanting rural landscapes, Maine offers residents cheap rates on car insurance compared to other states. According to a study done by Insure.com, for 2016 residents of the Pine Tree State will pay on average $808 on premiums, whereas the national average is $1,325. However, this doesn’t mean residents of the state should accept whatever rates are first offered to them: It pays to do some price shopping on reputable websites such as AutoInsuranceWorld.net to find the best deals out there.
Maine requires $50,000 in coverage for bodily injury or death per person, $100,000 per accident for bodily injury or death for more than one person, and $25,000 in coverage for property damage in an accident. The state also requires uninsured motorist (UM) coverage of at least $50,000 per person per accident and $100,000 for more than one person per accident. Sadly, regardless of the laws in place, some drivers will disobey them and drive without insurance. This coverage also protects drivers in case of a hit-and-run accident.
Though these are the minimum requirements in the state, many drivers opt for additional coverage with their insurer for peace of mind or because their lender requires it if they have financed their vehicle. It may be a good idea to speak with your insurance agent to find how added features will affect your premium.
Insurance rates are determined by many factors, such as the risk profile of a city or state, the driving history of a policyholder, the make or model of a vehicle, and even gender (women sometimes get lower rates). Some of these factors we have control over and others we do not. One factor we all have control over and should prioritize is how safely we drive. In the long run, it pays to obey traffic laws with the savings to be reaped on insurance premiums.
You can start your search for cheap car insurance in Maine by getting your free quote at the top of this website!