Cheap Auto Insurance for Veterans in Maine

One of the more important considerations that is used to calculate insurance cost is where you live in Maine. Areas with more people or higher crime rates like Ellsworth, Belfast, and Auburn are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper auto insurance prices.

The illustration below rates the most costly cities in Maine for veterans to purchase auto insurance in.

Table data uses approximated as the specific area where the vehicle is garaged can raise or lower coverage prices greatly.

Deciphering which insurers offer the lowest-priced car insurance rates for veterans will require a little more sweat than just comparing a company or two. Every car insurance company uses different criteria to establish rates, so let’s look at the rankings for the lowest cost car insurance companies in Maine.

Cheapest Insurance Rates for Vets

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Travelers may offer some of the best car insurance rates in Maine at around $612 each year. USAA, Countryway Insurance, Vermont Mutual, and Patriot also make the cut as some of the best Maine car insurance companies.

As the example above demonstrates, if you currently buy coverage from Vermont Mutual and switched to USAA, you could earn a yearly savings of approxmiately $92. Insureds with Patriot may save as much as $109 a year, and The Hartford policyholders might cut rates by $121 a year.

To find cheap car insurance for veterans in Maine for your vehicle, click here or visit any of the companies below.

Remember that these rates are averages across all types of insureds and vehicles and and are not calculated with a price discount for veterans. So the auto insurance company that fits you best may not even be in the chart above. That’s why you need to compare prices as often as possible using your own specific driver and vehicle information.

The cost and performance of the vehicle to be insured is probably the most important factor when trying to find cheaper auto insurance for veterans. Vehicles with average performance, good safety features, or a positive history of liability claims will cost less to insure than adrenaline junky models. The information below outlines car insurance costs for a number of the most cost-effective automobiles to insure in Maine.

Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Premium amounts do not factor in vehicle location which can influence coverage rates greatly.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in specific zip code location which can change coverage prices considerably.

Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Estimates do not factor in specific location information which can influence premiums noticeably.

Picking the best company is difficult considering how many companies there are in Maine. The ranking data below could help you decide which auto insurance companies to look at purchasing from. These ratings are for companies that write coverage in many states, so smaller regional companies will not be included in these rankings.

Top 10 Large Auto Insurance Companies Overall in Maine

1. The General
2. The Hartford
3. Progressive
4. Travelers
5. State Farm
6. Farmers Insurance
7. Safeco Insurance
8. USAA
9. GEICO
10. 21st Century

Top 10 Large Auto Insurance Companies in Maine Ranked by A.M. Best Rating

1. GEICO – A++
2. Travelers – A++
3. State Farm – A++
4. USAA – A++
5. Allstate – A+
6. Nationwide – A+
7. Esurance – A+
8. Progressive – A+
9. The Hartford – A+
10. The General – A-

The information below shows how different deductible levels can influence insurance prices when trying to find cheap insurance for veterans. The premiums assume a married male driver, comp and collision included, and no discounts are factored in.

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As shown above, a 40-year-old driver could reduce rates by $192 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $288 by choosing a $1,000 deductible. Young drivers, like the age 20 example, could shave $646 annually by choosing larger deductibles on their policy. If you make the decision to raise deductibles, it will be necessary to have enough spare savings to allow you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

How to find the cheapest car insurance for veterans

Here are some penny-pinching ideas that can help Maine drivers get lower-cost coverage.

• Maintaining good credit helps earn cheaper rates
• Buy a car with high safety ratings
• Older vehicles may not need full coverage
• Raise your physical damage coverage deductibles
• Maintain a safe distance and avoid accidents
• Serious violations like DUI or careless driving can make car insurance unaffordable
• Comparison shop at least every other year

That last idea is highly important, as we discussed in this article. Prices charged by companies adjust often, so drivers shouldn’t hesitate to buy a different policy if a cheaper rate is available. Being loyal to a particular company is commendable, but it isn’t a good idea if that inflexibility results in costing you hundreds every year. Now is a great time to shop around and find cheaper car insurance for veterans.

Who has the cheapest insurance quotes for veterans?

There are a variety of different ways to find affordable car insurance in Maine, but the three most common are through an independent or non-exclusive agent, a captive (or exclusive) agent such as State Farm or Allstate, or direct from companies such as Geico or Progressive. Each way has the same basic steps, but they differ slightly in how they give price quotes.

Independent agents work for many companies and can compare coverage rates with every one. Agents of this type are not required to write business for one company and can give you more rate choices, which may provide you with the best chance of saving money. If premiums increase, your policy can be easily switched to a new company which prevents you from having to switch agents.

An exclusive agent is able to quote prices with one insurance company, a couple examples are Allstate or State Farm agents. Exclusive agents cannot quote prices from more than a single company, so if rates are not competitive, they cannot shop around.

Choosing to buy car insurance direct means you skip either of the other two types of agents and instead shop buying direct from a company like Geico or Progressive. Buying direct may be a decent choice consumers who have limited assets and have an above average understanding of how car insurance works and possible exclusions.

So which way is best to find cheap car insurance for veterans in Maine? Most people would assume that buying from a direct car insurance company saves the most money since that prevents the need to pay agent commissions, but in reality, that is not the case. And we’d like to say an independent agent results in the cheapest rates since they can quote with many companies, but that is not accurate either. In many cases, the exclusive agents have extremely competitive rates that are the cheapest.

Because of the variability of car insurance rates, really the only way to get the lowest rate is to compare rate quotes from as many companies as possible. The ideal approach is to get quotes from all three types to give yourself plenty of rates to compare. For a list of companies offering online discounts in Maine, click here to view.