Who Has the Cheapest Car Insurance Quotes in Maine? (2022) – ValuePenguin
the best cheap car insurance companies in maine
cheapest auto insurance quotes in maine: state farm
state farm offers the cheapest minimum coverage auto insurance quotes in maine. At $361 per year, state farm minimum coverage policies cost 20% less than the state average.
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however, active military service members, veterans and their families can find cheaper rates through usaa, at $313 per year.
Reading: How much is car insurance in maine
cheapest full coverage auto insurance in maine: concord
concord has the most affordable full coverage auto insurance quotes in maine at $818 per year or $68 per month. That’s $233 cheaper than the state average and just $366 more per year than the average minimum coverage policy.
cheap car insurance quotes for drivers with previous incidents
the cost of auto insurance in maine is typically higher for drivers who have received a traffic violation or citation for driving under the influence (dui), or who have been in an at-fault accident . Insurers view these incidents as signs that you are a high-risk driver.
cheapest car insurance after a speeding ticket: state farm
state farm has the best rates for drivers with a recent speeding ticket. his full coverage auto insurance rate increased by 10% after a penalty, to $902 per year. By comparison, the average driver in Maine can expect a 14% increase in their insurance premium after a single speeding ticket. on the other hand, progressive rates rose 30%, the highest increase in the state.
cheapest auto insurance quotes after an accident: state farm
drivers in maine who have recently been in an at-fault accident can find the cheapest full coverage auto insurance quotes at state farm. The average cost of a state farm full coverage policy after an accident is 40% cheaper than the state average of $1,646 a year.
Having just one at-fault accident on your driving record can dramatically increase your premium. Drivers in Maine can expect a 57% increase on average, although every insurer is different. state farm increased rates by 20% after an accident, while the more expensive insurer, progressive, increased rates by 86%.
cheapest auto insurance quotes after a dui: concord
concord offers the most affordable rates in maine for DUI drivers. the average annual cost is $1,377 per year, 30% cheaper than the state average.
getting a dui in maine can increase your auto insurance premium by 87% on average, compared to a driver with a clean record.
cheapest car insurance for drivers with bad credit: geico
geico has the cheapest auto insurance rates for Maine drivers with bad credit: $1,123 a year for a full coverage policy, which is $495 less than the state average.
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Having a poor credit history can result in higher auto insurance premiums because drivers with lower credit scores are statistically more likely to file a claim. In Maine, a low credit score can increase your insurance rates by 54% compared to a driver with an average credit score.
the cheapest car insurance for married drivers: concord
The cheapest auto insurance company for married drivers is concord, which has an annual premium of $672 for full coverage insurance, a savings of 18% compared to rates for single drivers.
On average, married drivers in Maine pay 9% less for car insurance than single drivers.
cheapest car insurance quotes for young drivers in maine: concord
Young drivers shopping for cheap car insurance in maine can find affordable rates with concord. The company has an annual fee of $922 for minimum coverage and $1,690 for full coverage, which is 37% and 49% cheaper than the state average, respectively.
Car insurance for young drivers is more expensive than insurance for older drivers because young drivers are less experienced and therefore more likely to have an accident.
cheapest car insurance for teen drivers after a speeding ticket: concord
concord also offers the lowest rates for young drivers with a recent speeding ticket: $1,062 a year for minimum coverage insurance, which is 34% less than the state average.
Speeding can cause the cost of car insurance to rise, though not as dramatically as for drivers who are at fault in an accident.
Young drivers in Maine who receive a speeding ticket can expect their rates to increase by 10%, while those with a recent at-fault accident experience a 34% increase, on average.
the cheapest car insurance for young drivers after an accident: concord
concord has the most affordable car insurance rates for young drivers who have been in an at-fault accident. concord minimum coverage insurance is $1,365, which is 30% cheaper than the state average.
however, concord raises rates after an accident more than other insurers. Concord drivers can expect a 48% increase, while state farm drivers see prices jump 22%. allstate increases rates for young drivers in maine with an at-fault accident: 53%.
best auto insurance companies in maine
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jd power’s auto claims satisfaction study is an annual national survey that surveys insurance customers about their experience filing claims with their insurer. higher scores are better and the best possible score is 1000.
a. m. Best’s Financial Strength Rating is a letter grade that describes an insurance company’s overall financial health and its ability to pay claims. the best score available is “a++”. all of the companies we consider have a financial strength rating of a.m. best of “a” or better, meaning they have “excellent” or “superior” ability to pay claims, even in tough economic times.
Our editor’s rating is determined by analyzing each company’s rates relative to its competitors, the policy coverages it offers, and customer satisfaction scores.
average cost of car insurance in maine by city
Where you live can affect your auto insurance quotes just as much as your driving habits. however, rates in maine do not have a wide range from city to city. There is only a $155 a year difference in the cost of full coverage auto insurance between the most expensive and least expensive locations.
summary of the cheapest auto insurance quotes in maine
minimum requirements for car insurance coverage in maine
As in most states, Maine drivers must have a minimum amount of liability insurance to drive legally. Maine is legally required to provide more liability coverage than most states, but we recommend that most drivers opt for a comprehensive coverage policy, which includes protection for damage to your own vehicle, regardless of fault.
frequently asked questions
We collected thousands of maine zip code auto insurance quotes for the largest insurers in the state. We use a sample controller with the following profile:
The base policy for the study was a full coverage policy with the following limits:
For our minimum coverage policy, we quote a policy with the minimum limits required in maine.
For other rate analyzes (credit score, accident history, and marital status), the base policy listed above has been toggled to reflect the new driver. quotes for young drivers are based on a minimum coverage policy.
valuepenguin’s analysis used insurance rate data from quadrant information services. These rates were obtained publicly from insurer filings and should be used for comparison purposes only; your own quotes may be different.