Low Cost Liability Insurance in Maine

Looking for Competitive Liability Insurance Prices? : All about Maine Liability Insurance

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Minimum Liability Requirements for Maine

$50,000 per person for bodily injury protection, up to $100,000 for all injuries per accident and $25,000 for property damage.

50/100/25

Maine Liability Insurance
2022 Maine Liability Insurance

By Lauren McKenzie | Licensed Agent at Learnandserve.org | Powered by A Plus Insurance

CHEAP MAINE LIABILITY INSURANCE – WHAT ARE THE STATE MINIMUM REQUIRMENTS?

Are you looking for the bare minimum, lowest liability Insurance that you need to have by law in Maine? The only requirements to make you legal are Liability, Uninsured/Underinsured Motorist Coverage, and Medical Payments. Insurance is very customizable, meaning drivers can add additional coverages to their liability only policy, for a small additional cost if they choose. However, if you are looking for the cheapest Insurance prices, the only requirements you need in Maine are as follows:

Bodily Injury Liability : $50,000 per person/$100,000 per accident

Property Damage Liability : $25,000 per accident

Medical Payments : $2,000 each person

Uninsured/Underinsured Motorist : $50,000 per person/ $100,000 per accident

Maine Liability Insurance

Drivers can choose to increase their liability limit, making it higher than the State Minimum Requirements for greater coverage. As well as increase Uninsured/Underinsured Motorist and Medical Payments. Some Insurance companies will allow you to add additional coverages such as Uninsured Motorist Property Damage, as well as Roadside Assistance – which would still be considered Liability Insurance.

THE RISKS OF DRIVING WITHOUT INSURANCE IN MAINE

Is driving without Insurance worth it? Absolutely not, and there are a number of reasons as to why you never want to be caught driving without Insurance.

Financial Responsibility– If you are deemed ‘At Fault’ in an accident, and do not have proper coverage, you may be sued by the other party and have to pay thousands of dollars for medical expenses, and property damage to the other driver’s vehicle. Having Liability Insurance will protect you from that risk.

Fines/Reinstatement Fees– If you are caught driving without at least Liability Insurance in Maine, you could be fined up to $500 for the first occurrence. You can also risk Reinstatement Fees if your license becomes suspended.

Suspension of License and Registration- Drivers caught driving without insurance could face license suspension, leading to additional fines such as reinstatement fees, and possibly SR-22 Insurance.

SR-22 Filing- In some cases, driving without insurance could lead to driver’s being required to carry an SR-22 for a set period of time. SR-22 is an attachment added onto a liability policy that will notify the DMV when you are carrying insurance, and if your insurance policy ever cancels or lapses.

AFFORDABLE LIABILITY INSURANCE IN MAINE – WHAT IS THE AVERAGE COST?

While there are several factors that go into determining auto insurance premiums, liability insurance is generally less expensive than full coverage. The cost for liability insurance in Maine will vary with each insurance company you call, so we recommend drivers get at least 3 quotes to compare prices and coverages with each company before deciding which policy is the right fit.

Dairyland$67
The General$97
Mendota Ins. Company$102
AssuranceAmerica$104
Progressive Insurance$105
Acceptance RTR$108
National General$109
State Farm$113
Bristol West$115
21st Century$118
Average monthly cost for Maine Liability Insurance

WHAT DETERMINES MAINE LIABILITY INSURANCE PREMIUMS?

What all goes into determining insurance premiums for drivers? Since all prices vary, we have composed a list of the most important rating factors that are used to determine the cost for insurance for each driver.

When Insurance companies calculate the cost of Insurance for a potential customer, they have to determine what type of risk this driver is. Why do they look at all these factors and how does that help determine what type of risk the driver is? Location is a factor because drivers could live in an area with lots of crime, such as vehicle theft, or a higher amount of insurance claims. Drivers who live in an area or surrounding areas will see higher insurance rates because those insurance companies are insuring when the potential for a vehicle to be stolen, or crashed is potentially higher in that area than other areas.

Why does Age and Gender matter? Studies show that drivers in their mid 40s-50s result in a significantly less number of car accidents annually. The more experience a driver has under their belt, the lower the insurance cost will be. Younger drivers who lack experience will pay more for auto insurance because of their age. Statistics also show that car accidents involving male drivers result in a higher amount of property damage, which means more that the insurance company has to pay out in the event of a claim.

Rating Factors for Liability Insurance in Maine
Location/Zip Code
Age of driver
Driving Record
Marital Status
Credit
Insurance Score/Continuous Insurance
Type of Vehicle (Year/Make/Model)
Coverages
Gender
Rating Factors for Maine Liability Insurance

FAQ About Maine Liability Insurance

Cheap Insurance Maine
Cheap Insurance Maine

Is car Insurance required in Maine? – Yes, the minimum car insurance you are required to carry in Maine is 50/100/25 Liability Limit, Uninsured/Underinsured Motorist Coverage 50/100, and Medical Payments $2,000 each person.

Is Maine a No-Fault State? No, Maine is an At Fault State, meaning one driver will be deemed responsible in the event of an accident. The driver found ‘At Fault’ is legally responsible for medical expenses, and property damage that is the result of the accident.

Can I get Auto Insurance in Maine without a Drivers License? Yes, if you hold a permit, you can get auto insurance in Maine as long as you list a licensed driver.

COST FOR MAINE LIABILITY INSURANCE WITH VIOLATIONS

Drivers who have nothing on their record, such as accidents, DUI, or tickets are safer drivers, which will receive cheaper insurance prices by insurance companies. If a driver has a number of violations on their record, the chances of them getting into another accident, etc. are higher than other drivers, which makes those drivers higher risk for insurance companies.

Major violations, such as an At Fault Accident, DUI, Reckless Driving Ticket, or Hit and Run will stay on a drivers record for 5 years. The cost for insurance will raise significantly with one of these violations, and eventually decrease once the violation falls off the record completely. Minor Violations, such as a speeding ticket, will also increase the insurance premium for most drivers, but not as significantly as a major violation. Minor Violations will fall off your record within 3 years.

Nationwide$162
The General$165
Dairyland$167
Progressive Insurance$167
Geico$177
GAINSCO$183
Bristol West$184
Acceptance RTR$185
Mendota Ins. Company$185
AssuranceAmerica$187
Safeco$190
21st Century$192
Average cost for Liability Insurance in Maine with Violations

ADDITIONAL COVERAGES OFFERED WITH MAINE LIABILITY INSURANCE

If you are just interested in carrying liability insurance, you are still able to add other coverages to your insurance policy, with the policy still being considered liability only. Most of these coverages will only be a small additional cost, and may be handy to have.

CoverageExplanation
Rental ReimbursementThis coverage can be added onto an insurance policy, which would provide reimbursement on a rental car in the event of a covered claim. Most companies offer a set daily amount and max amount. For instance 40/1200 equates to $40 each day, for a total of $1200 max for a rental car. Drivers would pay for the rental car out of pocket, and file a claim with their insurance company for reimbursement.
Roadside Assistance Who doesn’t think roadside will come in handy, at least once in their life? Whether you need a tow, flat tire change, or lockout services – most roadside plans will cover this. Some companies will even delivery fuel to you, and replace your key fob if lost or stolen. It is best to check with your insurance company to find out exactly what is covered on your policy, as all policies and coverages vary.
Gap InsuranceThis will cover the cost to pay off your auto loan in the event of an accident and the vehicle is totaled out. Drivers may want this coverage if they have made a small down payment on the vehicle, or if they are upside down on the loan. Gap Insurance will make sure that when a vehicle is totaled, even if it is valued less than the amount left on the loan, the loan will be paid off completely.

DISCOUNTS FOR MAINE LIABILITY INSURANCE TO KEEP PREMIUMS LOW AND AFFORABLE

Discounts, discounts, discounts! You can say that again!

Everyone loves saving money on their car insurance with discounts, right? All insurance companies vary a bit with what discounts they offer drivers. This is why it is important to check several insurance companies when searching for an affordable liability quote in order to ensure you are getting the best price for the coverages desired. Ask your insurance agent if there are any discounts that you may qualify for to help save you additional money.

Below is a list of the most common Insurance discounts to help save drivers money on their Maine Liability Insurance.

Auto Pay/EFT
Continuous Insurance Discount
Home Owner Discount
Bundle Discount (Multiple insurance policies with a company)
Occupation
Continuing Education (College Degree, Some College, Trade School)
Military Discount
Safe Driver Discount / Accident Free Discount
Safety Course Completion
Advanced Quote Discount
Cheap Insurance Maine

CHEAP INSURANCE MAINE – LIABILITY VS FULL COVERAGE COST

Looking for a quick, easy way to determine the cost for liability insurance on your vehicle?

Check out our Insurance cost estimator for a free, quick, liability insurance quote. Interested in additional savings? Give our agents a call for a over the phone quote.

Insurance Cost Estimator


OTHER HELPFUL LINKS

Affordable Homeowners Insurance in Maine
Cheapest Maine Motorcycle Insurance
Low Cost Full Coverage Insurance in Maine
Understanding SR-22 Insurance in Maine
Maine Liability Insurance related links

Last Updated on by Alexis Karapiperis