Cheapest Auto Insurance Quotes for Drivers Over Age 50 in Maine

Determining which companies offer the cheapest auto insurance rates for drivers over age 50 requires more work in order to find a policy that fits your budget.

Every car insurance company has a different process for filing rates in each state, so we’ll take a look at the auto insurance companies that tend to have lower prices in Maine.

Best Insurance Companies for Age 50+

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Travelers offers some of the cheapest car insurance rates in Maine at around $630 each year. USAA, Vermont Mutual, Patriot, and Countryway Insurance are also some of the cheaper Maine insurance companies.

In the above rates, if you are a policyholder with Countryway Insurance and switched to USAA, you might achieve a yearly savings of upwards of $72. Customers with The Hartford might save as much as $102 a year, and MetLife insureds might reduce rates by $122 a year.

It’s important to note that these prices are averaged across all drivers and vehicles in Maine and are not factoring in a price discount for drivers over age 50. So the car insurance company that can offer you the best price may not even be shown in the above list. That illustrates why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

For older drivers, one of the big considerations that impact car insurance rates is where your residence is in Maine. Areas with more people or even just a higher incidence of claims like Ellsworth, Belfast, and Skowhegan are more likely to have higher rates, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.

The information below rates the higher priced cities in Maine for drivers over age 50 to buy car insurance in.

Price information shown is estimated as specific location information can modify premium rates substantially.

The make and model of vehicle you are insuring is one of the main factors in finding affordable auto insurance for drivers over age 50. Vehicles with high performance engines, poor passenger safety features, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models. The next tables ranks insurance prices for a selection of the cheaper automobiles to buy insurance for.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Prices do not factor in your specific Maine location which can raise or lower prices greatly.

Prices above based on married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in specific garaging location which can modify premiums substantially.

Price data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Maine minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Rate quotes do not factor in your specific Maine location which can decrease or increase insurance rates significantly.

The information below illustrates how your choice of deductibles can influence yearly insurance costs when researching cheap insurance for drivers over age 50. The premiums assume a married male driver, full coverage, and no discounts are factored in.

As shown above, a 50-year-old driver could reduce rates by $192 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $288 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old category, could roll back prices $646 or more just by choosing larger deductibles.

If you do make the decision to raise your deductibles, it will be important to have enough in a savings account to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Allstate, Progressive, State Farm, and Geico: Who is cheapest?

When comparing auto insurance for older drivers in Maine, the top insurers to get price quotes from are Allstate, Progressive, State Farm, and Geico. When added together, they insure nearly half of the entire U.S. market share. They all have somewhat different options that can influence your buying decision. The table below breaks down price and claims rank as well as some different options that are available for policyholders.