Best Inexpensive Car Insurance Coverage in Maine for 2020 – NerdWallet

2January 2020

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If you’re looking for cheap car insurance in Maine, you may currently understand that discovering the best deal can be challenging. Insurance expenses differ depending on your age, gender, where you live, your driving record and other aspects. In addition, rates can alter substantially from one insurer to the next, which is why looking for the best deal is well worth your while.

To help in your search for the least expensive Maine vehicle insurance, NerdWallet investigated the state’s 10 biggest insurance companies and found the 5 most affordable options for numerous types of chauffeurs.

Most inexpensive for great drivers in Maine

For a Maine motorist with great credit and a tidy driving record, these are the most inexpensive insurance companies we discovered, ranked by their average rates for full protection:

  1. Concord Group: $613 annually.
  2. MetLife: $747 annually.
  3. State Farm: $779 per year.
  4. Frankenmuth: $799 annually.
  5. Geico: $799 annually.

Motorists with no current accidents or infractions can get more affordable car insurance coverage rates for having good credit. For this computation, NerdWallet balanced rates for 40-year-old males and females with a tidy driving record and good credit. In terms of driving and credit rating, a large part of chauffeurs are closest to this profile, which carries standard “complete coverage” insurance coverage, including comprehensive and crash, along with state-required protection. Prices shown consist of a good motorist discount rate, when readily available from the insurer.

Most inexpensive for minimum protection in Maine

For bare-bones coverage, the least expensive business and typical rates for Maine’s minimum needed insurance are:

  1. Frankenmuth: $265 per year.
  2. Concord Group: $268 annually.
  3. Geico: $276 per year.
  4. MetLife: $304 per year.
  5. State Farm: $306 annually.

We computed these numbers by balancing rates for 40-year-old excellent drivers (earning them a discount if the insurance provider uses one) who have just the minimum necessary insurance in their state. Such light protection isn’t normally advised because it may not cover all the costs arising from a car accident, but it’s better than nothing– specifically if you can’t afford a lot more. If you’re searching for the cheapest possible insurance you can get, however, you’ll still wish to get cars and truck insurance coverage prices estimate from at least three

car insurance providers. Cheapest for great chauffeurs with

bad credit For a Maine chauffeur with an excellent driving record and tarnished credit, here are the insurance provider with the least expensive typical rates for complete protection:

  1. Concord Group: $896 each year.
  2. Geico: $1,113 each year.
  3. Frankenmuth: $1,242 per year.
  4. MMG: $1,538 annually.
  5. Progressive: $1,629 annually.

If you have a spotty credit report, it is very important to look around to discover the most affordable auto insurance rates you can. Poor credit can have a larger result on automobile insurance coverage premiums than even a DUI conviction or a current at-fault crash, however rates differ by insurance provider. To compute these figures, NerdWallet averaged rates for 40-year-olds with a clean driving record and associated good driver discount, if the insurer offered one. They had poor credit as reported to their insurance company, and requirement

complete coverage “car insurance coverage. Most affordable for motorists with

one at-fault crash When a Maine chauffeur has actually just recently triggered an accident, these are the most inexpensive insurance providers we discovered, listed with their typical rates for full protection automobile policies:

  1. Concord Group: $811 annually.
  2. Frankenmuth: $860 each year.
  3. State Farm: $932 per year.
  4. MMG: $1,136 per year.
  5. Geico: $1,186 each year.

After a reasonably minor crash, some vehicle insurance companies will charge a lot more than others for coverage. To get these figures, we balanced rates for 40-year-olds with common “complete coverage” insurance coverage and one current at-fault crash costing $10,000 in home damage. Your rates will remain high for 3 to five years after you cause an accident or have a moving infraction– and you still may be rejected for coverage from particular companies, consisting of those above. If you fall into this category, make certain to buy new insurance rates simply after the three-year and five-year anniversaries of your violation.

Cheapest insurance coverage after a DUI in Maine

For a Maine driver whose record includes a current DUI, these are the most inexpensive insurance provider and average rates for complete protection policies:

  1. State Farm: $855 per year.
  2. Concord Group: $1,023 per year.
  3. Progressive: $1,151 per year.
  4. Geico: $1,417 each year.
  5. MMG: $1,573 per year.

A conviction for driving under the influence, or DUI, generally results in greater automobile insurance coverage premiums than before. NerdWallet evaluated rates for 40-year-old drivers and standard “full protection” automobile insurance coverage with a current DUI conviction to see which companies were most inexpensive. Be alerted that you might be turned down for protection, including from the companies listed above. Rates can differ by hundreds between carriers after a DUI, and some punish for longer than others, so it is essential to shop around for the very best readily available cost right after you see a rate hike and each year after that.

Most inexpensive insurance after a ticket in Maine

For drivers in Maine with a recent speeding ticket on their record, the cheapest insurance providers and average rates for complete protection are:

  1. Concord Group: $704 annually.
  2. State Farm: $855 per year.
  3. Frankenmuth: $856 each year.
  4. Geico: $1,055 per year.
  5. MMG: $1,127 annually.

Getting a speeding ticket will result in higher cars and truck insurance rates from the majority of companies for three to 5 years. To see who has the most inexpensive rates, we calculated average car insurance rates for 40-year-old motorists with” full coverage” insurance coverage and a recent ticket for speeding 16 mph over the limitation. Though these larger companies were the least expensive we found typically, others may be cheaper for you, so make certain to get at least 3 quotes before picking a carrier.

Cheapest for couples and families in Maine

When you add more cars and trucks and drivers to your policy, it’s wise to reconsider at your vehicle insurance. Business apply rates and discounts in various ways, so the insurers with the most affordable costs for singles may not be the most inexpensive for couples and families. Comparing insurance coverage quotes after any big life occasion– such as marital relationship, moving, or including a teen motorist– can assist guarantee you get the least expensive possible rates. Here’s what we discovered in Maine when we evaluated rates for a married couple and a household with 3 chauffeurs.

Most affordable for a couple in Maine

For a couple in Maine, these are the most affordable insurance companies and average rates for complete protection on two automobiles, presuming the husband and wife are both 50 years old with tidy driving and credit histories:

  1. Concord Group: $908 annually.
  2. MetLife: $1,021 annually.
  3. MMG: $1,150 per year.
  4. Progressive: $1,156 annually.
  5. Geico: $1,160 per year.

Couples who live together can save money on automobile insurance coverage by integrating policies, whether they are married or not, due to the fact that they can earn multi-car and multi-driver discount rates. Once they tie the knot, rates can dip further, but not since of discount rates– insurance providers see married people as less dangerous therefore charge them lower rates. Our hypothetical 50-year-old couple’s tidy driving record likewise earns them both a great driver discount rate.

Cheapest for households with a teenager in Maine

For a 50-year-old couple in Maine with an 18-year-old motorist on the insurance plan too, here are the most inexpensive companies and average rates for 2 vehicles with full protection:

  1. Concord Group: $1,650 per year.
  2. Geico: $1,842 annually.
  3. MMG: $2,213 per year.
  4. State Farm: $2,259 per year.
  5. MetLife: $2,458 per year.

Including a teen with 2 years’ driving experience to a couple’s policy is sure to cause a huge dive in rates. Because different insurance providers tend to see a teen’s lack of experience in various methods, we evaluated rates to see which companies had the most affordable vehicle insurance coverage for teens. These rates are balanced for 50-year-old couples with male and female 18-year-old motorists.

Cheapest for young motorists in Maine

When you remain in your 20s, you may not be qualified for the most inexpensive auto insurance coverage rates– but you can still conserve money by looking around and comparing quotes. Although youths frequently face steeper prices than more seasoned chauffeurs, each insurance company views age and driving experience differently, so rates can differ commonly. To see which business are least expensive for young motorists, we analyzed rates for 25-year-olds in Maine.

Cheapest full protection for young good chauffeurs

For full protection, these are the least expensive insurance provider and typical rates for a 25-year-old Maine driver with good credit and a tidy driving record:

  1. Concord Group: $814 per year.
  2. State Farm: $911 per year.
  3. Geico: $939 annually.
  4. MetLife: $992 per year.
  5. Frankenmuth: $1,147 per year.

Motorists in their 20s can have a tough time discovering cheap automobile insurance, and that’s even truer when they need full coverage. The rates above are averages for 25-year-old male and female chauffeurs with thorough and collision protections, which are frequently needed for chauffeurs with active vehicle loans or leases. These rates reflect an excellent motorist discount rate. Young drivers, like all drivers, must check a number of quotes to find the most inexpensive for the coverage levels they need.

Cheapest minimum coverage for young excellent drivers

For Maine’s minimum needed insurance, the most inexpensive companies and average rates for a young driver are:

  1. Geico: $313 each year.
  2. State Farm: $358 each year.
  3. Frankenmuth: $375 annually.
  4. Concord Group: $379 annually.
  5. MetLife: $405 each year.

Since young people frequently have fewer possessions to safeguard with liability insurance, they can usually get away with lower coverage limits. For an age with reasonably high insurance rates typically, that’s excellent news, keeping rates as low as possible. For this price set, we balanced rates for 25-year-old male and female motorists who have tidy driving records, great credit and bare-bones insurance coverage.

Poor credit and minimum protection

A 25-year-old driver in Maine with bad credit and a good driving history may wish to consider these business, which revealed the most affordable typical rates for minimum protection:

  1. Geico: $411 per year.
  2. Concord Group: $540 each year.
  3. Frankenmuth: $584 each year.
  4. Allstate: $672 annually.
  5. Progressive: $717 annually.

Poor credit prevails for more youthful folks just beginning, who may still be constructing their credit files. That can increase rates further, so it’s additional important to search and compare as numerous insurance coverage prices quote as possible to discover the most inexpensive you can get. For these prices, we averaged rates for 25-year-old male and female motorists without any current mishaps or offenses (making them an excellent driver discount rate), minimum protection car insurance coverage, and credit in the “poor” tier as reported to an insurance provider.

Cheapest for minimum coverage after a crash

For a young driver in Maine who’s at fault in a current wreck, the cheapest insurance options and typical rates for minimum coverage are:

  1. State Farm: $436 annually.
  2. Geico: $442 per year.
  3. Frankenmuth: $444 each year.
  4. Concord Group: $509 each year.
  5. MMG: $641 per year.

To get rates for this group, we averaged rates for 25-year-old male and female chauffeurs with good credit and a current at-fault crash costing $10,000 in residential or commercial property damage. Because vehicle insurance coverage is often more expensive after a crash, and specifically so for young chauffeurs, we assumed minimum required insurance in the state to contain expenses for our theoretical motorist. Depending on your circumstance, you might still be declined for coverage, consisting of from the companies noted above. If you’ve triggered a crash, no matter your age, be sure to inspect automobile insurance prices quote simply after the third and fifth anniversaries of your event, when insurers frequently change rates downward.

Most inexpensive for minimum coverage after a DUI

These insurer showed the least expensive typical rates for minimum coverage for 25-year-old chauffeurs in Maine with a recent DUI on their records:

  1. State Farm: $397 each year.
  2. Geico: $512 per year.
  3. Progressive: $535 annually.
  4. Concord Group: $634 each year.
  5. Allstate: $645 per year.

Young drivers with a current DUI on their records will need to be diligent to find the lowest vehicle insurance rates they can get– it’s most likely that many business’ rates will be quite costly. Depending on the scenarios, you may be turned down for coverage, including from the companies listed above. But spending the time to search for quotes can help you find the lowest price from a business readily available to you. For this analysis, we averaged rates for male and female 25-year-old chauffeurs with a recent DUI conviction. They had great credit and minimum required vehicle insurance, which assists keep rates down.

Least expensive for minimum coverage and a ticket

After a speeding ticket, the least expensive insurance providers and average rates for a young Maine motorist purchasing minimum necessary protection are:

  1. Frankenmuth: $375 each year.
  2. Geico: $388 each year.
  3. State Farm: $397 per year.
  4. Concord Group: $435 annually.
  5. Allstate: $546 per year.

Getting a speeding ticket is never fun, and neither is the higher cars and truck insurance bill you may receive months later. At that point, it’s time to look around for better rates, and it wouldn’t hurt to repeat on your third and fifth ticket anniversaries, when insurance providers may adjust rates downward. We evaluated rates for 25-year-old male and female chauffeurs with a current speeding violation for going 16 mph over the speed limitation to see costs for this group.

Low-cost for military households

For Maine drivers with a military connection, cheap car insurance coverageis typically available through USAA. We didn’t rank USAA alongside other business because its policies are offered just to active service members, veterans and their families. However in Maine, USAA was among the three most affordable alternatives for every single motorist type noted above.

Recap: Most affordable automobile insurance coverage in Maine

  • Good chauffeurs: Concord Group
  • Minimum protection: Frankenmuth
  • Poor credit: Concord Group
  • After an at-fault crash: Concord Group
  • After a DUI: State Farm
  • After a speeding ticket: Concord Group
  • Married couples: Concord Group
  • Households with a teenager: Concord Group
  • Young great drivers: Concord Group
  • Minimum coverage for young great drivers: Geico
  • Minimum protection for young drivers with bad credit: Geico
  • Minimum protection for young drivers after a crash: State Farm
  • Minimum protection for young motorists after a DUI: State Farm
  • Minimum protection for young drivers after a ticket: Frankenmuth

” MORE:

Compare car insurance coverage Minimum needed automobile insurance coverage in Maine law requires every car owner to carry liability insurance, uninsured/underinsured vehicle driver protection and medical payments protection. Liability insurance coverage covers others’ costs (as much as your limitation) if you’re at fault in the mishap. Here are the minimum automobile insurance requirements in Maine:

  • $ 50,000 physical injury liability per individual.
  • $ 100,000 bodily injury liability per mishap.
  • $ 25,000 property damage liability per mishap.
  • $ 50,000 uninsured/underinsured driver protection per person.
  • $ 100,000 uninsured/underinsured driver coverage per accident.
  • $ 2,000 medical payments protection.

Maine’s minimum liability requirements are among the highest of any state, although professionals generally suggest getting more than the minimum. Causing a vehicle accident might result in injury or repair work costs higher than the quantities lawfully required. You might likewise want to think about collision and thorough protection for damage to your own automobile.

For more details about car insurance coverage law in Maine, have a look at NerdWallet’s guide to state cars and truck insurance requirements.

Alternative cars and truck insurance coverage in Maine

High-risk chauffeurs who are unable to purchase Maine cars and truck insurance coverage through the free market may qualify for coverage through the Maine Car Insurance Coverage Plan. Due to the fact that this group tends to be in more mishaps and make more claims, drivers will pay considerably higher rates.

For assistance looking for the most affordable vehicle insurance in Maine, use NerdWallet’s car insurance contrast tool to compare car insurance coverage rates.

Methodology

For our “great driver” profile, NerdWallet averaged rates from the biggest insurance companies in the state for 40-year-old males and females in all POSTAL CODE with 12,000 annual miles driven. The policy consists of:

  • $ 100,000 physical injury liability per person.
  • $ 300,000 bodily injury liability per mishap.
  • $ 50,000 property damage liability per mishap.
  • $ 100,000 uninsured motorist protection per individual.
  • $ 300,000 uninsured vehicle driver protection per mishap.
  • Accident protection with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.

If required, minimum extra protections were added and “great driver” discounts were instantly applied. Our “young motorist” had all the very same characteristics, but average rates were for 25-year-old males and females. We utilized a 2016 Toyota Camry LE for all single motorists. We used the same presumptions for all other motorist profiles, with the following exceptions:

  • For motorists with minimum coverage, we adjusted the numbers above to reflect minimum necessary protection by law in the state.
  • We changed the credit tier from “great” to “poor” as reported to the insurer to see rates for drivers with poor credit.
  • For chauffeurs with one at-fault crash, we added a single at-fault crash costing $10,000 in residential or commercial property damage.
  • For motorists with a ticket, we added a single speeding infraction for driving 16 mph over the speed limit.
  • For drivers with a DUI, we added a single drunken driving violation.

Couples in our analyses were 50-year-old men and women with good credit and clean driving histories, averaged across all ZIP codes with the same policy detailed above. To see rates for families with a teen, we included an 18-year-old licensed 2 years ago, averaging rates for male and female teens. For couples and households we included a 2016 Nissan Rogue S to develop a two-car home.

In all cases, a paperless discount rate, e-signature discount and electronic funds transfer discount were automatically applied. These are rates offered by Quadrant Information Provider. Your own rates will be different.

Source: nerdwallet.com

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