How Much Does Auto Insurance Cost for Drivers Under 25 in Maine?

When writing about shopping for auto insurance, the words “cheap” or “affordable” should never appear anywhere in the article as a descriptor for auto insurance rates. Please forgive the oxymoron, but cheap auto insurance for drivers under 25 just does not exist. Don’t let that get you down, though, because we are going to show you some ways you can find auto insurance that you can fit into your budget.

The vehicle model you are insuring is one of the biggest factors when looking for cheap car insurance for drivers under 25 in Maine. Vehicles with more horsepower, a lack of advanced safety features, or a high likelihood of having liability claims will cost more to insure than safer, lower-performance models. The table below estimates car insurance rates for some of the most budget-friendly automobiles to insure.

Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in your specific Maine location which can affect rates noticeably.

Based upon the rates shown, we can tell that vehicles like the Honda Accord, Ford Escape, Honda CR-V, and Chevrolet Traverse are going to be some of the cheapest vehicles to insure for drivers age 25 and younger. The price for car insurance will tend to be more expensive because there is more claim exposure for drivers under 25, but overall those vehicles will probably have the least expensive rates possible.

When buying insurance for drivers age 25 and younger, one of the key considerations used to calculate rate quotes is where your car is garaged in Maine. Areas that are more densely populated or have higher claim rates like Ellsworth, Belfast, and Skowhegan tend to pay slightly more, whereas cities that are not as densely populated generally have lower rates.

The illustration below sorts the priciest cities in Maine for drivers under 25 to purchase a policy in.

Rate quotes are approximated as the garaging address in Maine can affect rates substantially.

Establishing which company has the cheapest insurance rates for drivers under 25 will involve more time than just comparing rates from one or two companies. Each auto insurance company has their own process for determining rates in each state, so let’s take a look at the insurance companies with the most affordable rates in Maine.

Cheap Insurance Rates for Young Drivers

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Travelers quotes some of the best car insurance rates in Maine at around $606 per year. USAA, Patriot, Countryway Insurance, and Vermont Mutual also qualify as some of the most economical Maine auto insurance companies.

As illustrated above, if you currently have coverage with Patriot and switched to Travelers, you might achieve yearly savings of approxmiately $111. Policyholders with Countryway Insurance might save as much as $114 a year, and Vermont Mutual insureds might realize rate reductions of up to $115 a year.

Be aware that those policy rates are averaged for all insureds and vehicles and and are not figured with a rate increase for drivers under 25. So the auto insurance company that has the lowest price for you may not even be in the company chart above. That point stresses why you need to get car insurance quotes using your own driver and vehicle profiles.

Discounts on cheap car insurance for drivers under 25 in Maine

Insurers that sell policies for drivers under 25 may also provide discounts that could lower prices by 35% or more if you can meet the requirements. Companies and their offered discounts are shown below.

The illustration below illustrates the comparison of auto insurance rates with and without discounts applied to the rates. The costs are based on a male driver, no accidents or driving violations, Maine state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, continuous coverage, good student, passive restraint, paperless filing, and paid-in-full discounts applied. With discounts applied, the average amount saved each year on insurance for drivers under 25 is % or $.

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Ending up with the best car insurance provider can be difficult considering how many companies are available to choose from in Maine. The company information in the next section could help you pick which auto insurers you want to consider when comparing rate quotes. These rankings are only comprised of companies with a national presence, so companies that have a smaller presence are not factored into the list.

Top 10 Major Auto Insurers 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

State Farm, Allstate, Progressive, or Geico: Who is best?

When comparing car insurance, the companies that insure more vehicles than anyone else are State Farm, Allstate, Progressive, and Geico. When combined, they have nearly half of all vehicles in the U.S.. They all have your normal coverages like liability, comprehensive, and collision, but each one offers different optional coverages and features that may influence your buying decision. The data below shows some of the ratings and options offered by each one.

Best cheap insurance quotes for drivers age 25 and younger

Drivers have a lot of ways to find lower-cost insurance in Maine, but the most frequently used methods are through a non-exclusive or independent agent, a captive (or exclusive) agent such as State Farm or Allstate, or from a direct company like Progressive or Geico. They all have the same end result, but it’s important to point out the distinctions in how they work.

Independent agents work for many companies and can quote your policy with every one. These agents are able to give you more rate choices, which can help you get better odds of saving money. If a cheaper price is found, your agent can just switch to a different company and the insured can keep the same agent.

An exclusive ageny is only able to write with one insurance company, two examples are an Allstate or Liberty Mutual agent. They generally cannot provide prices from multiple companies, which does not give you the best rate comparison.

When you buy insurance direct, you do not use an agent and instead buy direct from companies such as Progressive or Geico. Shopping for insurance direct may be a decent choice people who do not need complex risk management and have a good understanding of what coverages, limits, and deductibles they need.

What is the best way to find cheap car insurance for drivers under 25 in Maine? The majority of insurance shoppers assume that buying from a direct car insurance company yields the cheapest rates since there isn’t an agent involved, but in reality, that argument does not hold true. A good argument could also be made that an independent agency can save the most money since they have access to many companies, but that assumption is also not accurate. For some people, the exclusive agents may have prices that other insurance companies cannot touch.

Because it’s impossible to say who has the best insurance rates, the only true way to ensure you are not overpaying for insurance is to get as many comparison quotes as possible. The ideal approach is to get quotes from all three types in order to have the best selection to choose from. A great place to start is our list of online companies offering discounts: click here to view.