How Much Does Auto Insurance Cost for Drivers Requiring a SR22 in Maine?

Anytime the topic is auto insurance, the word “cheap” should not appear as a descriptor for car insurance rates. Sad but true, cheap auto insurance for drivers requiring a SR22 can be difficult to find. Don’t let that discourage you, because we are going to show you some ways you can still find coverage that is cheaper than your current policy.

The vehicle model you are seeking coverage for is probably the most important factor in finding cheap auto insurance for drivers requiring a SR22. Vehicles with higher performance, poor passenger safety features, or high incidents of liability claims will cost more to insure than more economical and safe models. The list below ranks auto insurance costs for some of the cheapest automobiles to insure.

Data based on single female driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Maine minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in zip code location which can increase or decrease coverage rates greatly.

Based on these rates, you can conclude that makes and models like the Honda CR-V, Ford Escape, and Hyundai Elantra are going to be the most budget-friendly vehicles to insure for high risk drivers. Prices will be more expensive because of the fact that there is a higher risk for drivers requiring a SR22, but in general those vehicles will tend to have the least expensive rates available.

Determining which companies have the best insurance rates for drivers requiring a SR22 takes a tad more effort in order to find the lowest price.

Each insurer has their own unique process for determining prices, so to begin we’ll rank the most competitive insurance companies in Maine. It’s important that you understand Maine insurance rates are impacted by many things which can substantially decrease or increase the policy price. Improving your credit score, having a claim, or getting into an accident may generate price changes that can make some companies cheaper than competitors.

Cheap Insurance Rates for SR22 Drivers

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Travelers offers some of the best car insurance rates in Maine at around $624 annually. USAA, Vermont Mutual, Countryway Insurance, and Patriot are also some of the more affordable Maine auto insurance companies.

In the above example, if you currently buy coverage from Vermont Mutual and switched to Travelers, you might achieve an annual savings of approxmiately $90. Insureds with Countryway Insurance might save as much as $96 a year, and Patriot customers might reduce rates by $114 a year.

Bear in mind that those policy prices are averaged for all types of insureds and vehicles and and are not calculated with a rate surcharge for drivers requiring a SR22. So the car insurance company that has the cheapest price for you may not even be included in the above list. That underscores the importance of why you need to get car insurance quotes using your own individual information.

For high risk drivers, one of the big things that is looked at to determine the cost of insurance is where you choose to live in Maine. Larger areas like Skowhegan, Belfast, and Augusta are more likely to pay higher prices, whereas less populated areas tend to receive slightly lower rates.

The table below lists the most expensive places in Maine for drivers requiring a SR22 to purchase auto insurance in.

Rate information is approximated as specific location information can raise or lower auto insurance rates considerably.

Ending up with the highest-rated auto insurance provider is hard considering how many different companies there are to choose from in Maine. The information listed below can help you analyze which car insurance providers to look at shopping your coverage with. The rankings below are only made up of large nationwide companies, so smaller regional companies are not factored into the list.

Top 10 Large Auto Insurance Providers 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

Best cheap insurance quotes for high risk drivers

Consumers have many ways to find affordable insurance in Maine, but the most popular ways are through an exclusive insurance agent like State Farm or Liberty Mutual, an independent insurance agent, or direct either online or via phone.

They all have the same basic principle, but they differ slightly in how they work.

Independent insurance agencies are appointed by several companies and can get rate quotes from every one. Agents of this type are not limited to a single company and can provide you with more rates, which may give you improved chances of finding a lower rate. If they find a cheaper price, your agent can just switch to a different company and you don’t have to switch agencies.

An exlusive, or captive, agency is usually just provide rates from just one company, two examples being a Liberty Mutual or State Farm agent. Exclusive agents cannot provide multiple price quotes, so keep that in mind.

The third way to buy insurance is direct which means you skip an agent and buy direct either online or via phone. Buying insurance direct may be the best choice people who do not need complex risk management and know more than average about what insurance covers.

Which way works best to buy cheap auto insurance for drivers requiring a SR22 in Maine? We’d like to tell you buying direct results in the cheapest rates since there is no need to pay agent commissions, but that does not always hold true. A good argument could also be made that buying from an independent agent results in the best rates because you have more choices, but that is not accurate either. In the right set of circumstances, exclusive agents have coverage prices that other insurance companies cannot touch.

Due to the large number of rating factors, the guaranteed way to make sure you’re not overpaying for insurance is to do a thorough rate comparison. Take some time and get price quotes from all three to have enough rates to compare. For a list of companies with online discounts, click here to view.