Cheapest Car Insurance Quotes for Low Credit Scores in Maine

The words “low-cost” and “insurance” really should not be used together, especially when you are searching for the best coverage prices for low credit scores. Let’s take a look at a few of the factors that determine insurance rates, and see if you can take the sting out of the next policy you buy.

Finding out which company quotes the cheapest car insurance rates for low credit scores requires more work in order to find the lowest price quote. Each auto insurer has their own unique process to establish rates, so let’s take a look at the car insurance companies with the overall cheapest rates in Maine.

Keep in mind that Maine car insurance rates are determined by lots of factors that control your annual premium. Simply turning a year older, becoming a homeowner, or getting into an accident can trigger price changes that can now make some companies cheaper than competitors.

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Travelers may offer some of the cheapest car insurance rates in Maine at around $624 per year. USAA, Vermont Mutual, Countryway Insurance, and Patriot would also be considered some of the cheaper Maine auto insurance companies.

As illustrated above, if you have coverage with USAA and switched to Travelers, you might achieve a yearly savings of in the vicinity of $24. Maine drivers with Vermont Mutual may save as much as $69 a year, and Countryway Insurance policyholders might reduce prices by as much as $75 a year.

These policy prices are averaged for all types of insureds and vehicles and do not take into consideration a price discount for low credit scores. So the company that has the lowest price for you may not even be shown in the rate chart shown above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.

The vehicle you are buying coverage for is probably the most important factor in finding the cheapest insurance for low credit scores. Vehicles with limited top-end speed, modern passenger safety features, or a track record of few liability claims will cost much less to insure than fast, unsafe models. The next list ranks auto insurance costs for the cheaper vehicles to buy coverage for.

Table data assumes married female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maine minimum liability limits. Discounts applied include safe-driver, claim-free, multi-vehicle, homeowner, and multi-policy. Premium costs do not factor in specific location which can increase or decrease auto insurance rates greatly.

Based upon the table data, vehicles like the Hyundai Elantra, Chevrolet Traverse, Hyundai Tucson, Honda CR-V, and Ford Escape are going to be some of the less-costly vehicles to insure for bad credit.

One of the key things that help determine the amount you pay each year for auto insurance is where your residence is in Maine. Areas that are more densely populated like Ellsworth, Waterville, and Portland tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents profit from lower rates.

The illustration below shows the highest-priced areas in Maine for low credit scores to purchase car insurance in.

Premium amounts are comparative as zip code location can affect premium rates noticeably.

Best car insurance company in Maine

Choosing the best auto insurance company is difficult considering how many companies are available to choose from in Maine. The ranking data in the lists below can help you analyze which providers to look at when comparing rates. The ratings below are only made up of companies that insure vehicles across America, so companies that may only write in Maine will not be included in these rankings.

Top 10 Large Auto Insurance Providers 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 Providers in Maine Ranked by Customer Service

1. The Hartford
2. American Family
3. Progressive
4. GEICO
5. USAA
6. State Farm
7. Travelers
8. Farmers Insurance
9. Allstate
10. Safeco Insurance

Find the cheapest car insurance for low credit scores in Maine

Lowering your rates is not difficult, and here are many penny-pinching suggestions that can help drivers find lower-cost coverage.

• Drive safely
• Higher comprehensive and collision coverage deductibles will save money
• Remain accident-free and save
• Claim-free policyholders usually earn a discount
• Save money by insuring your home and auto with the same company
• Drivers with good credit often pay less
• Shop around for lower rates once a year

The last tip is extraordinarily valuable, as was noted in this piece. Auto insurance prices fluctuate constantly, so don’t be tentative to change insurance companies if you find a cheaper price. Many drivers prefer to stick with one company, but is isn’t recommended if it’s costing you money that could be going to better use. In less than five minutes you could compare prices to find cheaper auto insurance for low credit scores.

Who has the cheapest insurance quotes for bad credit?

Thanks to the internet, there are a lot of ways to shop for and buy car insurance in Maine, but the most popular methods are through an exlusive agent such as State Farm or Liberty Mutual, an independent or non-exclusive agent, or direct from companies such as Geico or Progressive. Each way has the same basic process, but shoppers should understand the differences in how they price policies.

Independent insurance agents write business for many companies and can do rate comparisons with each one. Independent agents have the option to provide you with more rate quotes, which may provide you with a better chance of finding cheaper coverage. If premiums increase, an independent agent can move your coverage and the insured can keep the same agent.

A captive or exclusive agent is only able to place business with one insurance company, two popular examples being Liberty Mutual and Allstate agents. They are unable to quote prices from more than a single company, so always compare other rates.

Direct car insurance buyers do not use an agent and buy direct online or over the phone from a company like Esurance or Geico. Shopping for car insurance direct may be the best choice families who do not need complex risk management and understand how their policy works.

So out of those three methods, which one works best to find the cheapest car insurance for low credit scores in Maine? The quick answer would be buying direct saves money since that prevents the need to pay agent commissions, but unfortunately, it’s not that simple. A valid argument could also be made that going through an independent agent results in the best rates since they have more companies to choose from, but that’s not always true, either. And often times, exclusive agencies have coverage prices that are well below what direct and independents offer.

Due to the fact that car insurance rates vary so much, the one way to buy the cheapest policy is to compare, compare, and compare some more. Money-saving experts recommend you get rate quotes from all three to have the best selection of rates to choose from. For a list of car insurance companies with low rates, click here to view.