Who Has Cheap Auto Insurance for a School Permit in Maine?

Everyone has different tastes in autos, and the style of vehicle requiring insurance is probably the biggest factor when consumers are trying to find the most affordable auto insurance for a school permit. Vehicles with economical engines, good safety features, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models.

The next tables shows insurance costs for a selection of the most economical automobiles to buy insurance for.

Data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in specific Maine garaging location which can lower or raise prices significantly.

Table data represents single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in specific location information which can alter insurance rates greatly.

Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific garaging location which can alter rates substantially.

One of the many criteria that insurance companies use to calculate the cost of insurance is where your home is located in Maine. Areas with more people like Skowhegan, Waterville, and Ellsworth are more likely to pay higher prices, whereas areas with less traffic congestion and claims benefit from lower rates.

The next table ranks the most expensive cities in Maine for a school permit to buy auto insurance in.

Rates are estimated as the specific zip code location can impact coverage prices noticeably.

Deciphering which company offers the most affordable auto insurance rates for a school permit may require more work in order to find a policy that fits your budget. Every auto insurer uses their own formula for setting prices, so let’s examine the most budget-friendly auto insurance companies in Maine.

It’s important to understand that Maine auto insurance rates are impacted by many things which can substantially change the policy premium. Simply having another birthday, marrying your spouse, or getting a driving violation may prompt premium changes that can make some companies more affordable than others.

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Travelers has some of the most affordable car insurance rates in Maine at around $606 each year. USAA, Countryway Insurance, Vermont Mutual, and The Hartford would also make the list of some of the more affordable Maine auto insurance companies.

As the example above demonstrates, if you are a customer of Vermont Mutual and switched to USAA, you may see yearly savings of around $73. Insureds with The Hartford might save as much as $79 a year, and Patriot policyholders might lower prices by $97 a year.

Be aware that those policy prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a price surcharge for a school permit. So the car insurance company that has the cheapest price for you may not even be included in the list of companies shown earlier. That’s why you need to get rate quotes using your own driver data and vehicle information.

Impact of speeding/accidents on auto insurance rates

The common sense way to get cheap car insurance for a school permit in Maine is to drive cautiously and not have accidents or get tickets. The illustration below illustrates how traffic citations and fender-benders raise premium costs for different age categories. The premiums are based on a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 1815,1979,2443],[‘Age 30’, 1273,1435,1901],[‘Age 40’, 1177,1341,1803],[‘Age 50’, 1033,1195,1657],[‘Age 60’, 997,1161,1625],[‘Age 70’, 1151,1313,1781]]);var options = {title: ‘Effect of Tickets and Claims on Maine Insurance Cost’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Maine’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The data charted above shows the average cost of an auto insurance policy per year with no accidents or violations is $1,241. Add in one speeding ticket and the average cost surges to $1,404, an increase of $163 each year. Now include one accident along with the one speeding ticket and the yearly cost of auto insurance for a school permit increases to an average of $1,868. That’s an increase of $627, or $52 per month, just for not being more responsible behind the wheel!

Discounts on cheap car insurance for a school permit in Maine

Insurers that provide policies for a school permit may additionally offer special discounts that could reduce prices by as much as 30% if you are eligible for them. A few popular companies and a selection of discounts are:

• State Farm may have discounts that include Drive Safe & Save, driver’s education, multiple autos, defensive driving training, and multiple policy.
• GEICO may offer discounts for multi-vehicle, federal employee, seat belt use, membership and employees, emergency military deployment, and anti-lock brakes.
• SAFECO offers discounts including anti-lock brakes, homeowner, bundle discounts, accident prevention training, drive less, and multi-car.
• Farmers Insurance has savings for mature driver, switch companies, bundle discounts, alternative fuel, and teen driver.
• AAA discounts include education and occupation, good driver, anti-theft, AAA membership discount, pay-in-full, good student, and multi-car.
• USAA includes discounts for new vehicle, multi-vehicle, family discount, military installation, and safe driver.

The example below shows the comparison of premium costs with and without policy discounts. Data assumes a female driver, no claims or driving violations, Maine state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The lower bar shows the rates with passive restraint, anti-theft, paperless filing, vehicle safety, good student, and paid-in-full discounts applied. When these discounts are applied, the average savings per year on auto insurance for a school permit is 28% or $384.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 17’, 2677,1921],[‘Age 30’, 1143,833],[‘Age 40’, 1059,773],[‘Age 50’, 931,679],[‘Age 60’, 899,655]]);var options = {title: ‘Insurance Rate Comparison with Discounts for a School Permit’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Maine’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

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

If you want reliable car insurance, some of the largest companies to start with are Geico, Progressive, Allstate, and State Farm. If you add them together, they insure about half of the entire U.S. car insurance market. The data below rates some of the different options offered by each company.