Although the state of Maine may be small, it’s also one of the most expensive states in which to get car insurance. The high cost of auto insurance in this part of the United States is due to a combination of factors. The first is that Maine is one of only six states where the minimum car insurance cover required by law is $25,000 per crash and $50,000 per incident.
This means almost all drivers in the state have to purchase higher-risk home or personal auto insurance policies to meet these requirements. Another reason why auto insurance in this state is so expensive is because there are so many driving risks here.
That’s because there are so many logging roads and two-lane highways through the area, making it easy for bad drivers to get away with reckless driving habits without being caught. On top of all this, the city of Portland has strict speed limits that make it difficult for anyone who lives outside this city but who wants to drive through it on their way somewhere else.
Cheap Car Insurance
The cheapest car insurance rates in Maine can be found in the small town of Falconer. This town, which is in Hancock County, has the lowest car insurance rates in the state even though there are fewer than 50 people living there. The next state with cheap car insurance rates is New Hampshire. In this state, you can save up to $200 per year on your auto insurance thanks to the New Hampshire Aggressive Insurance Discount. In both Maine and New Hampshire, you can also qualify for a discount for having a good driving record.
Both of these state insurance programs are offered by the Auto Insurance Discount Bureau (a non-profit organization that’s been around since the 1930s). If you live in New Hampshire, you can also save money on car insurance by switching to a different carrier. Many insurance companies offer discounts and special rates for customers who switch to them from other companies.
Maine Car Insurance Rates
Maine’s average car insurance rates are the highest in the country. The average cost of car insurance in the state right now is $1,328, according to Insurancetrooper.com. This is more than any other state in the country except for Hawaii. In some parts of the state, you can save hundreds of dollars on your car insurance with a few small adjustments to your driving habits.
The insurance company Geisinger in Cumberland, Kennebec and Androscoggin Counties, for example, offers a discount to customers who drive less than 10,000 miles per year. To get the same rate, you’d have to drive more than 100,000 miles per year in other parts of the state.
In Portland, you can also save money by shopping around for different insurance companies. Use companies’ online reviews to help you decide which company to switch to.
How Much Does Car Insurance Cost in Maine?
The average cost of car insurance in Maine is $1,328 per year. This is less expensive than the national average of $1,472, but it’s also a little more expensive than the average cost of $1,202 in New Hampshire or $1,205 in Vermont.
To get the best rates in the state, it’s important to shop around for different insurance companies. Auto insurance companies in Maine generally offer several options for different customers. The level of coverage that you need will also determine which company you end up with.
The cheapest Maine car insurance companies generally have lower deductibles, higher limits and offer less coverage. If you live in a small town or rural area, you can also consider getting a motorcycle or auto policy instead of a standard car policy.
Best Car Insurance In Maine.
Based on an analysis of data from Insurancetrooper.com, SmartChoice customers who live in Maine get the best car insurance rates in the state. This company offers the cheapest car insurance rates in Maine, with the average single-policy cost coming out to $1,378 per year.
The second best auto insurance company in Maine is Geico, which has customers with Maine car insurance paying an average of $1,385 per year. A few other cheap car insurance companies to look into include Progressive, National General, Farmers and Amica.
The Cheapest Car Insurance Companies in Maine.
If you want to get the cheapest Maine car insurance rates possible, several insurance companies have been identified by Insurancetrooper.com as the cheapest carriers in the state.
The lowest-cost Maine car insurance companies according to this data are Citizens, Progressive, State Farm, Geico, Amica and National General. To get the best rates from any of these companies, you’ll need to make sure that you have good driving records and that you’re only driving low-risk vehicles.
The cheapest car insurance car in Maine is $1,378 per year. The most expensive Maine car insurance rates is $1,926 per year, which is the average rate for driving a low-risk vehicle.
The Most expensive Car Insurance Companies in Maine
The cheapest Maine car insurance companies in the state are Citizens, Progressive, State Farm, Geico and National General. The most expensive Maine car insurance rates are with State Farm, which costs an average of $1,926 per year.
These are the only two Maine car insurance companies that have over five-star (outstanding) safety records with the Insurance Services Office. The overwhelming majority of car insurance companies in the state, however, have at least a four-star rating, making them more than adequately safe.
What Dropping Your Claim Frequency Can Save You In Maine
If you want to save money on car insurance in Maine, you can drop your claim frequency. Generally, you need to make a minor collision claim every 12 months to have car insurance.
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But, dropping this frequency can save you a lot of money. According to a JD Power survey, 53% of drivers don’t make any claim on their car insurance every year. If you drop the frequency of any claim, you can save a lot of money on your car insurance. The cheapest Maine car insurance companies that offer this benefit are Progressive, State Farm, Geico, National General, Amica and Citizens.
Safe Driver Discounts In Maine
The Auto Insurance Discount Bureau in Maine offers several safe driver discounts on car insurance. These discounts include discounts for safe driving, having a good driving record, keeping your car in good condition and not having any tickets or accidents on your driving record. If you’re looking at the cheapest Maine car insurance companies to take advantage of these discounts, the cheapest companies are Progressive, State Farm, Geico, National General, Amica and Citizens.
How to Save Money on Car Insurance In Maine
If you want to save money on car insurance in Maine, you can try to get a cheaper rate by shopping around for different insurance companies. Generally, you can get cheap auto insurance online by comparing rates and finding the cheapest company.
You can also try to find better deals on insurance by getting cheap car insurance quotes from different companies and then making sure that you’re only using one company for all of your auto insurance needs. Finally, you can also try to drive a low-risk car and only get liability coverage on your car insurance policy. Doing any of these things will help you save money on car insurance rates in Maine.
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Conclusion
Maine’s high cost of car insurance is mostly due to the fact that almost every driver has to purchase higher-risk coverages. The only way to get better rates is to shop around for different companies and only insure one of them.
However, if you want to get cheap car insurance, you can try to get a cheaper rate by dropping your claim frequency and only insuring one company.
Credit:Adaptsnews
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