Who Has Cheap Insurance Quotes for Electric Cars in Maine?

For eco-friendly vehicles, one of the more important considerations that help set the amount you pay for auto insurance is where your home is located in Maine. Cities with larger populations or higher claim trends like Ellsworth, Lewiston, and Bangor tend to have more expensive auto insurance rates, whereas areas that tend to be more rural can boast about having cheaper rates.

The following table ranks the most expensive areas in Maine for electric cars in which to buy car insurance.

Table data uses estimated as zip code location can affect prices significantly.

Establishing which insurers offer the best auto insurance rates for electric cars involves a bit more work than just comparing rates from one or two companies.

Every insurance provider uses their own calculation for determining rates, so let’s rank the auto insurance companies with the overall cheapest rates in Maine.

Best Auto Insurance Prices for EV’s

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

In the above rates, if you currently have coverage with Countryway Insurance and switched to Travelers, you could see yearly savings of in the neighborhood of $87. Maine drivers with Patriot might save as much as $126 a year, and The Hartford customers might lower prices by up to $130 a year.

To get a fast rate comparison, click here to start a quote or click through to the companies below.

Remember that these rates are averaged for all drivers and vehicles in Maine and do not take into consideration a rate decrease for electric cars. So the company that can offer you the best price may not even be in the list above. That affirms the importance of why you need to get rate quotes using your own individual information.

Cost and performance of the vehicle on the policy is a significant factor when comparing the most economical car insurance for electric cars. Vehicles with reasonable performance levels, a plethora of safety features, or a low likelihood of having liability claims will cost less to insure than high performance models. The lists below shows insurance costs for the most budget-friendly vehicles to insure.

Table data represents married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium amounts do not factor in garaging location in Maine which can increase or decrease auto insurance rates significantly.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Prices do not factor in zip code location which can increase or decrease prices noticeably.

Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Table data does not factor in specific location information which can decrease or increase auto insurance rates noticeably.

How to find a good Maine auto insurance company

Buying coverage from a highly-rated car insurance provider can be a challenge considering how many different companies sell coverage in Maine. The rank data below could help you choose which insurers to look at comparing prices from.

These rankings are only made up of companies that write coverage in many states, so smaller regional companies will not be included in this list. If you would like to check rates and find cheaper insurance for electric cars, just click here.

Difference between liability only and full coverage rates

Finding cheap insurance for electric cars in Maine is important to most vehicle owners, and one way to buy cheaper insurance is to only buy liability coverage. The diagram below illustrates the comparison of car insurance costs with full coverage compared to only the Maine minimum liability coverage. The rates are based on no accidents or driving violations, $250 deductibles, marital status is single, and no additional discounts are factored in.

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If we average the cost for all age groups, full coverage on your policy costs an extra $1,466 per year more than carrying just liability coverage. Many people question if it’s worth it to buy full coverage. There is no specific rule for excluding comprehensive and collision coverage on your policy, but there is a general school of thought. If the yearly cost of comp and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s say your vehicle’s claim settlement value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, you would only receive $6,500 after paying the physical damage deductible. If premium cost is more than $650 a year to have full coverage, then you might want to think about dropping full coverage.

Which auto insurance company is best?

If you want reliable auto insurance for eco-friendly vehicles, some of the largest companies to start with are State Farm, Geico, Progressive, and Allstate. When added together, they insure nearly half of all auto insurance policies in force. The next table compares ratings for price, service, and claims, in additional to some of the optional coverages that you can purchase from each one.