Posts Tagged ‘maine auto insurance’

State Auto Insurance Requirements in Maine

Monday, June 6th, 2011

State auto insurance requirements in Maine spell out the minimum levels of coverage all drivers in the state must have in place. Maine is a tort state for car insurance, which means that one driver must be found at fault when an accident occurs. That individual is responsible for paying for damages caused, including medical bills, lost wages, funeral expenses (if necessary) and repairs to the other driver’s vehicle.

At least $50,000 in bodily injury coverage to pay for medical bills and lost wages incurred by a single occupant of the other vehicle must be put in place, and a minimum of $100,000 in coverage must be bought to compensate all victims of the same accident.

Property damage coverage coverage pays for repairs to the other vehicle and any public property damaged in the accident. The minimum amount for this type of coverage is $25,000.

Under Maine state law, uninsured and underinsured motorist coverage is also required. This part of the policy is used when the at-fault driver does not have insurance or does not have enough coverage to pay for the damages caused. In the case of underinsured motorist coverage, the at-fault driver’s policy is used up to its policy limits first. The minimum level of uninsured and underinsured motorist coverage is $50,000 to compensate one accident victim and $100,000 to pay for all damages stemming from the same accident.

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Posted in Maine, USA |

How to Find the Best Car Insurance Rates in Maine

Thursday, May 12th, 2011

If your goal is to find the best car insurance rates in Maine, be prepared to shop around before making a decision to buy. Not all companies charge the same rates to their policyholders for the same type and level of protection. Even if you have been with the same provider for a number of years, you may be able to get a better deal by changing companies.

One way to qualified for preferred rates for your Maine car insurance policy is to maintain a clean driving record. Car insurance companies look at a driver’s behavior in the past to get an idea of the level of risk that he or she presents going forward. A driving record that includes a history of accidents and/or moving violations means having to pay higher rates for coverage.

Taking an approved driver’s education or defensive driving course is another strategy that will help keep auto insurance rates down. New drivers benefit from learning the proper procedures for navigating the roads from the outset. and more experienced drivers can benefit from a refresher to help them identify any bad habits they have picked up since becoming licensed and correct them.

Asking about available discounts is another effective way to keep car insurance rates low. Maine insurance providers commonly offer better prices to good drivers, people who insure more than one vehicle and those who buy more than one policy. Low annual mileage or driving a car which has been outfitted with an anti-theft device can also result in savings.

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Posted in Auto Insurance Rates, USA |

How to Get Free Car Insurance Quotes in ME

Wednesday, April 20th, 2011

If you want to get free car insurance quotes in ME, the process is a very simple one. The first step is to check out different providers to learn about the products they offer and how well they treat their policyholders. Reviewing individual insurance provider web sites is an effective strategy for doing so.

Make a point of looking at the company’s “About Us” or “History” page to find out how long the company has been in business and what its level of financial reserves is. These are the funds that the company has available to pay out on its policyholders’ claims and a consumer will want to be sure the choose one that has the means to pay out on them.

When a consumer finds a company that he or she is interested in, getting a free car insurance quote is a very simple thing to accomplish. The customer would fill out an online form and answer a few questions about the make and model of the vehicle to be insured and where it will be garaged. The insurer will also want to know whether the applicant has been involved in any accidents over the past few years. The quote for coverage will be generated based on the information provided.

Before making a buying decision, a consumer should get a number of no-cost quotes for insurance and compare them carefully to find the company which can offer the best prices for the level of protection he or she needs.

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Posted in Free Auto Insurance Quote, Maine, USA |

How Your ME Auto Insurance Rate is Calculated

Friday, April 1st, 2011

A number of factors are used to calculate your ME auto insurance rate. Companies licensed to provide coverage in the state use proprietary formulas to set premiums for customers, and each one differs in the way that it assesses the level of risk that an applicant presents. Insurance providers may consider similar factors, but not all of them give each one the same weight.

One of the most important factors that car insurance providers consider when setting rates is the individual’s driving record. A person who has been involved in one or more accidents or who has recently been licensed will be considered a higher risk than a mature driver who has a clean driving record. Customers who have been involved in an accident who see their rates increase as a result of the incident will likely be able to qualify for better ones if they are able to remain claims-free for a few years following the incident.

The make and model of the vehicle to be insured is another factor ME auto insurance companies consider when setting rates. Customers who choose to drive sports cars will be paying higher rates than those individuals who choose one that is not necessarily meant to go fast (and is more likely to be involved in a collision as a result). Other vehicles cost more to insure due to their high repair costs.

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Posted in Auto Insurance Rates, Maine, USA |

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