Auto Insurance in Maine

Maine stands out with some of the most affordable vehicle insurance rates in the US. It currently holds the distinction of having the second-lowest average cost for a liability-only policy and the lowest premium for a full coverage policy in the country. Additionally, Maine boasts one of the lowest rates of uninsured drivers, at just 4.9%, which is slightly over one-third of the national average.

Maine Vehicle Insurance Requirements

The state-mandated minimum car insurance coverage must include not only Liability coverage but also Medical Payments and Uninsured Motorist coverage. The following are the minimum limits:

Collection of Pictures from Maine

  • $50,000 for bodily injury per person
  • $100,000 total for bodily injury per accident
  • $25,000 for property damage
  • $2,000 per person for Medical Payments
  • $50,000 per person and 100,000 per accident for Uninsured Motorist Bodily Injury

You can check the state website for updates.

Cost of Auto Insurance in Maine

The average cost of a minimum liability-only auto insurance policy is $225, notably $397 lower than the national average. Moreover, Maine boasts the lowest average premium for full coverage vehicle insurance, coming in at just $941. This is less than half of the national average as it is strikingly $1,073 cheaper than the U.S. average premium of $2,014.

Maine serves as a prime example of how your geographical location can have a substantial impact on your vehicle insurance rates. This is highlighted by the fact that in several states, the average cost of a liability-only policy surpasses what Mainers pay for a full coverage policy on average.

If you have a vehicle that still keeps most of its value in ME you should consider adding Collision and Comprehensive coverage to your automobile insurance policy. This way, you are covered if your vehicle suffers any accidents, vandalism, theft, weather-related damages, fire and more.

The Most Competitive Car Insurers in Maine

While insurance rates are generally lower in Maine, individuals with unfavorable driving histories, low credit scores, or young drivers may still encounter high auto insurance costs. To enhance your chances of obtaining more budget-friendly quotes and saving money, it’s crucial to identify the insurance companies offering the most competitive rates in the state. In this regard, the following insurers, known for their competitiveness in Maine, should serve as your initial reference points during your comparison shopping process.

  1. State Farm
  2. Concord
  3. Countryway Insurance
  4. Travelers
  5. Farmers

Your zip code typically has a substantial impact on your premium. However, when it comes to car insurance in Maine, there aren’t significant variations among its cities. Even in the most expensive and cheapest cities, the premiums are relatively close to the state average, with its largest city Portland’s rates aligning closely with that average.

Maine Automobile Insurance and Driving Facts

  1. Driving without insurance in Maine may result in a fine up to $500 and suspension of your driver’s license and registration until you provide proof of insurance. There are fees to reinstate license and registration and you may be required to provide SR-22 form for 3 years.
  2. The 2018 Bureau of Transportation report revealed that the average commute time was 24 minutes. The majority (77.8%) commute by driving alone, while 9.9% carpool and only 0.6% use public transportation. About 5.7% walked, biked, or used taxis, and 6% worked from home. These statistics highlight the significance of cars and insurance in Maine.
  3. According to the National Highway Traffic Safety Administration, 39% of crash fatalities were drunk driving related in Maine in 2020. That is why this state is one of the top ten most dangerous states for drunk driving.
  4. According to Forbes, vehicle insurance rates go up on average 97% with a DUI conviction in a driving record in Maine.
  5. Maine’s windshield regulations stipulate that cracks obstructing the driver’s view are prohibited, cracks longer than six inches are illegal, and windshield repairs are allowed as long as they do not impair the driver’s visibility and are smaller than one inch in size. Typically, Comprehensive coverage may pay for windshield repairs or replacements.

If you’ve been automatically renewing your car insurance for an extended period, it’s likely that you’re missing out on the opportunity to secure improved coverage and more cost-effective premiums. Vehicle insurance companies continually enhance their products and refine their pricing strategies. That’s why it’s strongly recommended for policyholders in the Pine Tree State to periodically assess their policies and compare prices.