Who Has Cheap Car Insurance for Young Drivers in Maine?

Who Has Cheap Car Insurance for Young Drivers in Maine?

The words “affordable” and “auto insurance” really should not be used together, especially when you are searching for the best car insurance rates for young drivers. In an attempt to save some money, let’s learn about some things the can have a considerable influence on car insurance premiums, and figure out some ideas to reduce the price of the next policy you buy.

The cost and performance of the vehicle needing coverage is one of the main factors when shopping for cheap auto insurance for young drivers in Maine. Vehicles with lower performance, excellent safety ratings, or a low likelihood of having liability claims will cost much less to insure than higher performance models.

The next tables ranks auto insurance costs for a number of the more afforable vehicles to insure.

Car Insurance Rates for Popular Cars in Maine
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Malibu LTZ $2,454 $1,227 $205
Ford Focus S 4-Dr Sedan $2,268 $1,134 $189
Ford Fusion Sport AWD 4-Dr Sedan $2,620 $1,310 $218
Honda Civic EX 4-Dr Sedan $2,410 $1,205 $201
Hyundai Elantra Blue 4-Dr Sedan $2,410 $1,205 $201
Hyundai Sonata Limited 4-Dr Sedan $2,626 $1,313 $219
Nissan Altima 3.5 SR 2-Dr Coupe $2,768 $1,384 $231
Toyota Camry XLE $2,432 $1,216 $203
Volkswagen Jetta SE 2.5 Station Wagon $2,254 $1,127 $188
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Data variables include single female 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. Prices do not factor in vehicle location which can increase or decrease insurance rates noticeably.

Insurance Rates for Popular SUVs and Crossovers in Maine
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Acura MDX with Tech/Entertainment 4WD $2,478 $1,239 $207
Acura RDX Technology Package AWD $2,254 $1,127 $188
Chevrolet Suburban LTZ 4WD $2,478 $1,239 $207
Chevrolet Traverse LS 2WD $1,950 $975 $163
Ford Escape XLS 4WD $1,928 $964 $161
Ford Explorer XLT 2WD $2,150 $1,075 $179
GMC Acadia SLE 2WD $2,150 $1,075 $179
Honda CR-V EX 4WD $1,950 $975 $163
Honda Pilot EX 4WD $2,172 $1,086 $181
Hyundai Tucson Limited 2WD $2,290 $1,145 $191
Jeep Grand Cherokee Laredo 4WD $2,290 $1,145 $191
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $2,480 $1,240 $207
Toyota Highlander SE 4WD $2,478 $1,239 $207
Toyota RAV4 Limited 4WD $2,290 $1,145 $191
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Price data assumes single female 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 lower or raise coverage prices substantially.

Auto Insurance Rates for Popular Pickup Trucks in Maine
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Colorado LT Crew Cab 4WD $2,090 $1,045 $174
Chevrolet Silverado 2500HD LT Crew Cab Diesel 2WD $2,792 $1,396 $233
Chevrolet Silverado LT Crew Cab 2WD $2,626 $1,313 $219
Dodge Ram Quad Cab Laramie 2WD $2,650 $1,325 $221
Ford F-150 STX Super Cab 2WD $2,128 $1,064 $177
Ford F-350 XLT Crew Cab Harley Edition 2WD $2,500 $1,250 $208
GMC Canyon SLE Ext Cab 2WD $2,268 $1,134 $189
GMC Sierra Denali Crew Cab 4WD $2,620 $1,310 $218
Toyota Tacoma X-Runner 2WD $2,432 $1,216 $203
Toyota Tundra Regular Cab 4WD $2,484 $1,242 $207
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Data rating is based on single female 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. Information does not factor in specific zip code location which can increase or decrease coverage prices significantly.

One of the many considerations that impact the cost of insurance is where you keep your vehicle. Regions with larger populations or more claims like Skowhegan, Ellsworth, and Old Town tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.

The table below shows the most expensive cities in Maine for young drivers in which to purchase auto insurance.

Maine cities ranked by car insurance cost
Rank City Premium Per Year
1 Skowhegan $860
2 Winslow $847
3 Ellsworth $838
4 Waterville $830
5 Old Town $830
6 Orono $821
7 Augusta $820
8 Auburn $819
9 Brewer $819
10 Belfast $816
11 Bath $808
12 Lewiston $808
13 Bangor $802
14 Portland $797
15 Caribou $797
16 Rockland $794
17 Sanford $791
18 Presque Isle $785
19 South Portland $784
20 Westbrook $782
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Table data uses estimated as the specific Maine residence address can increase or decrease price quotes considerably.

Insuring your vehicle with the top insurance provider can be difficult considering how many companies there are in Maine. The rank data listed below may help you select which auto insurers you want to consider when trying find the best insurance for young drivers. The rankings below include major nationwide insurance companies, so smaller regional companies will not be included in these rankings.

Maine Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
The General 96 100 92 91% A- 95
The Hartford 88 96 91 93% A+ 92.6
Progressive 84 94 99 90% A+ 92.4
Travelers 84 93 100 87% A++ 92.3
State Farm 84 93 95 87% A++ 91
Farmers Insurance 87 92 90 85% A 90.6
Safeco Insurance 85 91 87 86% A 88.4
USAA 71 93 98 87% A++ 88
GEICO 73 93 95 85% A++ 87.1
21st Century 85 85 91 89% A 86.9
Liberty Mutual 72 91 97 83% A 86.4
AAA Insurance 85 85 88 86% A 85.8
Nationwide 71 90 93 83% A+ 84.9
Allstate 69 92 92 83% A+ 84.4
American Family 77 96 80 85% A 83.8
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Data Source: Insure.com Best Car Insurance Companies

Difference between full coverage and liability only rates

Finding cheap auto insurance for young drivers in Maine is probably important to most people, and one easy way to pay lower rates for insurance is to only buy liability coverage. The example below shows the comparison of annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in Maine. The information is based on no tickets, no at-fault accidents, $250 deductibles, drivers are single, and no other discounts are factored in.

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On average, full coverage on your policy costs $1,194 per year more than just buying liability only. That is a big expense that brings up the question when is it safe to stop buying full coverage. There is no definitive formula for dropping full coverage on your policy, but there is a general school of thought. If the annual cost of coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

There are a few cases where eliminating full coverage is not recommended. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent your loan from defaulting. Also, if you can’t afford to buy a different vehicle if your current one is in an accident, you should keep full coverage in place.

Find cheap auto insurance for young drivers in Maine

Lowering your rates is not difficult, and here are some of the better thrifty ideas that can help Maine drivers locate lower-cost coverage.

  • Claim-free policyholders usually earn a discount
  • Accidents can significantly increase rates
  • Buy a car with high safety ratings
  • Save money by obeying traffic laws and keeping a clean driving record
  • Do not pay for comprehensive and collision coverage on older vehicles
  • Buying your home and auto policies from the same company can earn a discount
  • Compare rates regularly and switch companies to save money

The last suggestion is extraordinarily crucial, as was discussed in the prior article. Insurance rates in Maine fluctuate constantly, so drivers shouldn’t be reluctant to change insurance companies if a more affordable rate is found.

Staying with the same car insurance company is fine, but it isn’t a good idea if that faithfulness ends up costing you a wad of cash every year. Now is a great time to compare rates and find cheaper car insurance for young drivers.